CYCLIC
Bankruptcy closedFinancials · financial year 2022, micro format
Annual accounts 2022 filed on 15-06-2023 PDF all 18 filings
Equity
€15,997▼ 82.4%
2021 · €91,024
Total assets
€89,253▼ 40.6%
2021 · €150,335
Net result
-€75,027▼ 6,011%
2021 · -€1,228
Working capital
-€4,170
2021 · €91,024
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is a loss of €52,049, larger than the loss of €640 in 2021. It is the lowest result since 2018.
Operating result-€52,049
2022
Net result-€75,027
2022
Total assets€89,253
2022
Equity€15,997
2022
Debt€73,256
2022
Working capital-€4,170
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€2,709--€309▲ 88.6%€147,762-€640-€52,049▼ 8,030%
Net result-€3,177-€20,299€118,823▲ 485%-€1,228-€75,027▼ 6,011%
Equity-€46,869--€26,570▲ 43.3%€92,252€91,024▼ 1.3%€15,997▼ 82.4%
Total assets€10,946-€53▼ 99.5%€150,260▲ 2,835×€150,335=€89,253▼ 40.6%
Debt€57,815-€26,623▼ 54.0%€58,008▲ 118%€59,311▲ 2.2%€73,256▲ 23.5%
Working capital-€46,869--€26,570▲ 43.3%€92,252€91,024▼ 1.3%-€4,170
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €89,253
Fixed assets
€20,167
Current assets
€69,086
Equity and liabilities €89,253
Equity
€15,997 ▼ 82.4%
Debt
€73,256 ▲ 23.5%
Debt's share of the balance-sheet total rises from 39.5% to 82.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€50,216
Cash flow
-€73,194
Current ratio
0.94▼
2021 · 2.53
Debt to equity
4.58▲
2021 · 0.65
ROE
-469.0%▼
2021 · -1.3%
ROA
-84.1%▼
2021 · -0.8%
Interest coverage
-261.08
Debt ≤ 1 year
€73,256▲
2021 · €59,311
Income taxes
€22,786
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | - | €22,000 |
| Depreciation and write-downs of the year | - | €1,833 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,833 | - |
| Other operating charges640/8 | - | - | - | €640 | €238 | ▼ 62.8% |
| Gross operating margin9900 | -€1,157 | -€309 | €147,762 | €0 | -€49,978 | - |
| Operating profit (loss)9901 | -€2,709 | -€309 | €147,762 | -€640 | -€52,049 | ▼ 8,030% |
| Recurring financial income75 | - | €20,012 | - | - | - | - |
| Financial charges65/66B | - | - | - | €588 | €192 | ▼ 67.3% |
| Recurring financial charges65 | €468 | €731 | €705 | €588 | €192 | ▼ 67.3% |
| Profit (loss) for the period before taxes9903 | -€3,177 | €18,972 | €147,057 | -€1,228 | -€52,242 | ▼ 4,155% |
| Income taxes67/77 | - | -€1,327 | €28,234 | - | €22,786 | - |
| Profit (loss) for the period9904 | -€3,177 | €20,299 | €118,823 | -€1,228 | -€75,027 | ▼ 6,011% |
| Profit (loss) for the period to be appropriated9905 | -€3,177 | €20,299 | €118,823 | -€1,228 | -€75,027 | ▼ 6,011% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,946 | €53 | €150,260 | €150,335 | €89,253 | ▼ 40.6% |
| Fixed assets21/28 | - | - | - | - | €20,167 | - |
| Tangible fixed assets22/27 | - | - | - | €0 | €20,167 | - |
| Furniture and vehicles24 | - | - | - | - | €20,167 | - |
| Current assets29/58 | €10,946 | €53 | €150,260 | €150,335 | €69,086 | ▼ 54.0% |
| Amounts receivable within one year40/41 | €3,833 | €53 | €150,260 | €150,260 | €67,240 | ▼ 55.3% |
| Trade receivables40 | - | - | - | €150,000 | €58,567 | ▼ 61.0% |
| Other amounts receivable41 | - | - | - | €260 | €8,673 | ▲ 33× |
| Current investments50/53 | €183 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €6,930 | - | - | €75 | €1,161 | ▲ 15× |
| Deferred charges and accrued income490/1 | - | - | - | - | €685 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,946 | €53 | €150,260 | €150,335 | €89,253 | ▼ 40.6% |
| Equity10/15 | -€46,869 | -€26,570 | €92,252 | €91,024 | €15,997 | ▼ 82.4% |
| Contributions10/11 | €6,250 | €6,250 | - | €6,250 | €6,250 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€54,979 | -€34,680 | €84,142 | €82,914 | €7,887 | ▼ 90.5% |
| Amounts payable17/49 | €57,815 | €26,623 | €58,008 | €59,311 | €73,256 | ▲ 23.5% |
| Amounts payable within one year42/48 | €57,815 | €26,623 | €58,008 | €59,311 | €73,256 | ▲ 23.5% |
| Trade debts44 | €25,077 | €2,797 | €1,263 | €1,263 | €21,666 | ▲ 17× |
| Suppliers440/4 | - | - | - | €1,263 | €21,666 | ▲ 17× |
| Taxes, remuneration and social security45 | - | - | - | €28,874 | €51,590 | ▲ 78.7% |
| Taxes450/3 | - | - | - | €28,874 | €51,590 | ▲ 78.7% |
| Other amounts payable47/48 | - | - | - | €29,173 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,177 | €20,299 | €118,823 | -€1,228 | -€75,027 | ▼ 6,011% |
| + Depreciation and write-downs630 | - | - | - | - | €1,833 | - |
| Operating cash flow (approximation) | -€3,177 | €20,299 | €118,823 | -€1,228 | -€73,194 | ▼ 5,862% |
| Change in cash | - | - | - | - | €1,086 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 15-06-2023 | 2023-00149184 | |
| 31-12-2021 | micro format | 18-06-2022 | 2022-20082137 | |
| 31-12-2020 | micro format | 21-01-2022 | 2022-01800320 | |
| 31-12-2019 | micro format | 20-10-2020 | 2020-62200177 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59000044 | |
| 31-12-2017 | full format | 21-11-2018 | 2018-72800374 | |
| 31-12-2016 | full format | 21-11-2018 | 2018-72800373 | |
| 31-12-2015 | full format | 26-09-2016 | 2016-61700420 | |
| 31-12-2014 | full format | 25-09-2015 | 2015-60200241 | |
| 31-12-2013 | full format | 15-09-2014 | 2014-58600257 |