CUSTERS
InactiveFinancials · financial year 2023, micro format
2023 annual accounts filed late (13 days) Filed on 13 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00354297.
Equity
€473,440▲ 169%
2022 · €176,150
Total assets
€657,134▲ 181%
2022 · €233,865
Net result
€347,478
2022 · -€36,168
Working capital
€569,963▲ 243%
2022 · €166,088
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result returns to profit in 2023: €457,736 after a loss of €37,062 in 2022, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€457,736
2023
Net result€347,478
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€657,134
2023
Equity€473,440
2023
Debt€80,679
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€569,963
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0.9
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€40,359-€79,323▲ 96.5%€329▼ 99.6%-€3,807-€37,062▼ 874%€457,736
Net result€28,355-€89,711▲ 216%-€4,241-€6,186▼ 45.9%-€36,168▼ 485%€347,478
Equity€133,035-€222,746▲ 67.4%€218,504▼ 1.9%€212,318▼ 2.8%€176,150▼ 17.0%€473,440▲ 169%
Total assets€343,287-€387,265▲ 12.8%€351,928▼ 9.1%€302,396▼ 14.1%€233,865▼ 22.7%€657,134▲ 181%
Debt€210,253-€164,519▼ 21.8%€130,049▼ 21.0%€85,681▼ 34.1%€55,938▼ 34.7%€80,679▲ 44.2%
Working capital-€56,656-€159,941€215,107▲ 34.5%€208,269▼ 3.2%€166,088▼ 20.3%€569,963▲ 243%
Staff (FTE)2.6-2.8▲ 7.7%2.8=2.6▼ 7.1%1.8▼ 30.8%0.9▼ 50.0%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €657,134
Fixed assets
€6,633 ▼ 72.0%
Current assets
€650,501 ▲ 210%
Equity and liabilities €657,134
Equity
€473,440 ▲ 169%
Provisions
€103,014 ▲ 5,695%
Debt
€80,679 ▲ 44.2%
Debt's share of the balance-sheet total falls from 23.9% to 12.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€475,881▲
2022 · -€21,269
Cash flow
€365,623▲
2022 · -€20,375
Current ratio
8.08▲
2022 · 4.77
Debt to equity
0.17▼
2022 · 0.32
ROE
73.4%▲
2022 · -20.5%
ROA
52.9%▲
2022 · -15.5%
Interest coverage
over 100▲
2022 · -19.31
Debt ≤ 1 year
€80,538▲
2022 · €44,083
Income taxes
€10,594▲
2022 · €629
Staff costs
€39,976▼
2022 · €80,084
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,585 | - | €474,294 | - |
| Remuneration, social security and pensions62 | - | - | - | €114,366 | €80,084 | €39,976 | ▼ 50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,117 | €27,736 | €21,456 | €19,107 | €15,793 | €18,145 | ▲ 14.9% |
| Other operating charges640/8 | - | - | - | €3,194 | €3,124 | €3,412 | ▲ 9.2% |
| Gross operating margin9900 | €211,845 | €262,878 | €157,612 | €132,860 | €61,939 | €519,269 | ▲ 738% |
| Operating profit (loss)9901 | €40,359 | €79,323 | €329 | -€3,807 | -€37,062 | €457,736 | - |
| Financial income75/76B | - | - | - | €81 | €6 | €2,363 | ▲ 40,164% |
| Recurring financial income75 | €59 | €35 | €609 | €81 | €6 | €2,363 | ▲ 40,164% |
| Financial charges65/66B | - | - | - | €1,087 | €1,101 | €791 | ▼ 28.2% |
| Recurring financial charges65 | €1,740 | €1,228 | €1,382 | €1,087 | €1,101 | €791 | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | €38,678 | €134,674 | -€444 | -€4,812 | -€38,158 | €459,308 | - |
| Transfer from deferred taxes780 | - | - | - | €375 | €2,619 | €15,462 | ▲ 490% |
| Transfer to deferred taxes680 | - | - | - | €1,396 | - | €116,698 | - |
| Income taxes67/77 | €10,323 | €44,963 | €422 | €353 | €629 | €10,594 | ▲ 1,584% |
| Profit (loss) for the period9904 | €28,355 | €89,711 | -€4,241 | -€6,186 | -€36,168 | €347,478 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €1,125 | €7,856 | €46,386 | ▲ 490% |
| Transfer to tax-exempt reserves689 | - | - | - | €4,188 | - | €350,095 | - |
| Profit (loss) for the period to be appropriated9905 | €28,355 | €89,711 | -€14,366 | -€9,250 | -€28,312 | €43,768 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €343,287 | €387,265 | €351,928 | €302,396 | €233,865 | €657,134 | ▲ 181% |
| Fixed assets21/28 | €221,027 | €82,650 | €49,991 | €31,966 | €23,694 | €6,633 | ▼ 72.0% |
| Intangible fixed assets21 | €39,000 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €182,027 | €82,650 | €49,991 | €31,966 | €23,694 | €6,633 | ▼ 72.0% |
| Plant, machinery and equipment23 | - | - | - | €1,381 | €4,761 | €3,534 | ▼ 25.8% |
| Furniture and vehicles24 | - | - | - | €30,585 | €18,932 | €3,099 | ▼ 83.6% |
| Current assets29/58 | €122,260 | €304,615 | €301,937 | €270,429 | €210,172 | €650,501 | ▲ 210% |
| Amounts receivable within one year40/41 | €96 | €105,118 | €120,234 | €206,925 | €159,684 | €106,369 | ▼ 33.4% |
| Trade receivables40 | - | - | - | €178,148 | €140,318 | €101,653 | ▼ 27.6% |
| Other amounts receivable41 | - | - | - | €28,777 | €19,366 | €4,716 | ▼ 75.6% |
| Current investments50/53 | - | - | - | - | - | €400,000 | - |
| Cash at bank and in hand54/58 | €14,880 | €64,694 | €110,471 | €19,744 | €11,825 | €125,239 | ▲ 959% |
| Deferred charges and accrued income490/1 | - | - | - | €43,760 | €38,663 | €18,893 | ▼ 51.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €343,287 | €387,265 | €351,928 | €302,396 | €233,865 | €657,134 | ▲ 181% |
| Equity10/15 | €133,035 | €222,746 | €218,504 | €212,318 | €176,150 | €473,440 | ▲ 169% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €126,835 | €216,546 | €212,304 | €206,118 | €169,950 | €467,240 | ▲ 175% |
| Tax-exempt reserves132 | - | - | - | €13,189 | €5,333 | €309,042 | ▲ 5,695% |
| Distributable reserves133 | - | - | - | €192,929 | €164,617 | €158,198 | ▼ 3.9% |
| Provisions and deferred taxes16 | - | - | €3,375 | €4,396 | €1,778 | €103,014 | ▲ 5,695% |
| Deferred taxes168 | - | - | - | €4,396 | €1,778 | €103,014 | ▲ 5,695% |
| Amounts payable17/49 | €210,253 | €164,519 | €130,049 | €85,681 | €55,938 | €80,679 | ▲ 44.2% |
| Amounts payable after more than one year17 | €30,724 | €19,452 | €43,212 | €23,518 | €11,813 | - | - |
| Financial debts170/4 | - | - | - | €23,518 | €11,813 | - | - |
| Amounts payable within one year42/48 | €178,917 | €144,674 | €86,831 | €62,161 | €44,083 | €80,538 | ▲ 82.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €27,201 | €13,721 | €12,792 | ▼ 6.8% |
| Trade debts44 | €64,048 | €6,836 | €32,020 | €21,509 | €14,247 | €37,021 | ▲ 160% |
| Suppliers440/4 | - | - | - | €21,509 | €14,247 | €37,021 | ▲ 160% |
| Taxes, remuneration and social security45 | - | - | - | €13,451 | €16,115 | €9,547 | ▼ 40.8% |
| Taxes450/3 | - | - | - | - | - | €6,420 | - |
| Remuneration and social security454/9 | - | - | - | €13,451 | €16,115 | €3,127 | ▼ 80.6% |
| Other amounts payable47/48 | - | - | - | - | - | €21,178 | - |
| Accrued charges and deferred income492/3 | - | - | - | €3 | €42 | €141 | ▲ 238% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,355 | €89,711 | -€4,241 | -€6,186 | -€36,168 | €347,478 | - |
| + Depreciation and write-downs630 | €29,117 | €27,736 | €21,456 | €19,107 | €15,793 | €18,145 | ▲ 14.9% |
| Operating cash flow (approximation) | €57,472 | €117,447 | €17,214 | €12,921 | -€20,375 | €365,623 | - |
| Investment in fixed assets (approximation) | - | €110,641 | €11,204 | -€1,083 | -€7,521 | -€1,084 | ▲ 85.6% |
| Change in cash | - | €49,813 | €45,778 | -€90,727 | -€7,919 | €113,414 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 13-08-2024 | 2024-00354297 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00388722 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20346218 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58700099 |
| 31-12-2019 | abbreviated format | 31-10-2020 | 2020-67100349 |
| 31-12-2018 | abbreviated format | 28-08-2019 | 2019-54300005 |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-52800202 |
| 31-12-2016 | micro format | 11-08-2017 | 2017-43200493 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-57400022 |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-55100291 |
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €2,244 awarded · €2,562 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €1,457 | €1,775 |
| 2022 | 1 | €787 | €787 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.