DAMA
InactiveFrom the official registers: KBO 47 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, abbreviated format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 31-12-2023
- Filed on
- 07-06-2024
- Format
- abbreviated format
- Reference
- 2024-00120417
Turnover
≈ €300,000
Estimated: probably between €180,000 and €560,000
Total assets
€409,759▼ 5.9%
2022 · €435,618
Net result
€1,755▼ 92.0%
2022 · €21,940
Working capital
€361,123▲ 3.1%
2022 · €350,392
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is 93% lower than in 2022 and the lowest since 2019. It is the third fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Operating result€2,067
2023
Net result€1,755
2023
Assets, equity and debt per financial year.
Total assets€409,759
2023
Equity€372,890
2023
Debt€36,869
2023
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital€361,123
2023
Average staff per financial year, in full-time equivalents (FTE).
Staff (FTE)1
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€2,830-€32,523▲ 11×€63,575▲ 95.5%€51,410▼ 19.1%€30,077▼ 41.5%€2,067▼ 93.1%
Net result€2,477-€20,051▲ 709%€45,584▲ 127%€36,817▼ 19.2%€21,940▼ 40.4%€1,755▼ 92.0%
Equity€281,824-€301,875▲ 7.1%€333,967▲ 10.6%€349,195▲ 4.6%€371,135▲ 6.3%€372,890▲ 0.5%
Total assets€347,223-€363,899▲ 4.8%€466,977▲ 28.3%€449,322▼ 3.8%€435,618▼ 3.1%€409,759▼ 5.9%
Debt€65,399-€62,024▼ 5.2%€133,010▲ 114%€100,127▼ 24.7%€64,482▼ 35.6%€36,869▼ 42.8%
Working capital€223,582-€262,215▲ 17.3%€312,740▲ 19.3%€319,378▲ 2.1%€350,392▲ 9.7%€361,123▲ 3.1%
Staff (FTE)1-1=1=1=1=1=
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €409,759
Fixed assets
€11,899 ▼ 43.0%
Current assets
€397,860 ▼ 4.1%
Equity and liabilities €409,759
Equity
€372,890 ▲ 0.5%
Debt
€36,869 ▼ 42.8%
Debt's share of the balance-sheet total falls from 14.8% to 9.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,026▼
2022 · €39,036
Cash flow
€10,714▼
2022 · €30,899
Current ratio
10.83▲
2022 · 6.44
Quick ratio
5.84▲
2022 · 3.44
Debt to equity
0.10▼
2022 · 0.17
ROE
0.5%▼
2022 · 5.9%
ROA
0.4%▼
2022 · 5.0%
Interest coverage
22.61▼
2022 · 61.34
Debt ≤ 1 year
€36,737▼
2022 · €64,368
Income taxes
€2,136▼
2022 · €11,373
Staff costs
€105,521▲
2022 · €90,546
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 |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €87,656 | €90,546 | €105,521 | ▲ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,441 | €18,582 | €18,433 | €15,892 | €8,959 | €8,959 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | €140 | - |
| Other operating charges640/8 | - | - | - | €2,240 | €1,812 | €1,548 | ▼ 14.6% |
| Gross operating margin9900 | €125,561 | €138,678 | €170,435 | €157,198 | €131,394 | €118,235 | ▼ 10.0% |
| Operating profit (loss)9901 | €2,830 | €32,523 | €63,575 | €51,410 | €30,077 | €2,067 | ▼ 93.1% |
| Financial income75/76B | - | - | - | €4,477 | €3,872 | €2,311 | ▼ 40.3% |
| Recurring financial income75 | €2,136 | €3,048 | €4,098 | €4,477 | €3,872 | €2,311 | ▼ 40.3% |
| Financial charges65/66B | - | - | - | €466 | €636 | €488 | ▼ 23.4% |
| Recurring financial charges65 | €1,200 | €529 | €151 | €466 | €636 | €488 | ▼ 23.4% |
| Profit (loss) for the period before taxes9903 | €3,766 | €35,043 | €67,521 | €55,421 | €33,313 | €3,890 | ▼ 88.3% |
| Income taxes67/77 | €1,289 | €14,992 | €21,937 | €18,604 | €11,373 | €2,136 | ▼ 81.2% |
| Profit (loss) for the period9904 | €2,477 | €20,051 | €45,584 | €36,817 | €21,940 | €1,755 | ▼ 92.0% |
| Profit (loss) for the period to be appropriated9905 | €2,477 | €20,051 | €45,584 | €36,817 | €21,940 | €1,755 | ▼ 92.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €347,223 | €363,899 | €466,977 | €449,322 | €435,618 | €409,759 | ▼ 5.9% |
| Fixed assets21/28 | €58,242 | €39,660 | €21,227 | €29,817 | €20,858 | €11,899 | ▼ 43.0% |
| Tangible fixed assets22/27 | €58,242 | €39,660 | €21,227 | €29,817 | €20,858 | €11,899 | ▼ 43.0% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €21,692 | €16,796 | €11,899 | ▼ 29.2% |
| Other tangible fixed assets26 | - | - | - | €8,125 | €4,063 | €0 | ▼ 100% |
| Current assets29/58 | €288,980 | €324,239 | €445,750 | €419,505 | €414,759 | €397,860 | ▼ 4.1% |
| Stocks and contracts in progress3 | €100,982 | €115,239 | €154,168 | €158,669 | €193,337 | €183,208 | ▼ 5.2% |
| Stocks30/36 | - | - | - | €158,669 | €193,337 | €183,208 | ▼ 5.2% |
| Amounts receivable within one year40/41 | €55,981 | €84,216 | €81,883 | €101,568 | €89,352 | €47,943 | ▼ 46.3% |
| Trade receivables40 | - | - | - | €101,568 | €73,652 | €43,220 | ▼ 41.3% |
| Other amounts receivable41 | - | - | - | - | €15,700 | €4,723 | ▼ 69.9% |
| Cash at bank and in hand54/58 | €131,653 | €124,661 | €209,428 | €158,589 | €130,973 | €165,346 | ▲ 26.2% |
| Deferred charges and accrued income490/1 | - | - | - | €679 | €1,098 | €1,363 | ▲ 24.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €347,223 | €363,899 | €466,977 | €449,322 | €435,618 | €409,759 | ▼ 5.9% |
| Equity10/15 | €281,824 | €301,875 | €333,967 | €349,195 | €371,135 | €372,890 | ▲ 0.5% |
| Contributions10/11 | €37,500 | €37,500 | - | €37,500 | €37,500 | €37,500 | = |
| Reserves13 | €62,647 | €82,698 | €114,789 | €130,018 | €151,958 | €151,958 | = |
| Non-distributable reserves130/1 | - | - | - | €3,750 | - | - | - |
| Own shares acquired1312 | - | - | - | €3,750 | - | - | - |
| Distributable reserves133 | - | - | - | €126,268 | €151,958 | €151,958 | = |
| Profit (loss) carried forward14 | €181,677 | €181,677 | €181,677 | €181,677 | €181,677 | €183,432 | ▲ 1.0% |
| Amounts payable17/49 | €65,399 | €62,024 | €133,010 | €100,127 | €64,482 | €36,869 | ▼ 42.8% |
| Amounts payable within one year42/48 | €65,398 | €62,024 | €133,010 | €100,127 | €64,368 | €36,737 | ▼ 42.9% |
| Trade debts44 | €22,381 | €19,417 | €62,732 | €19,589 | €18,132 | €11,692 | ▼ 35.5% |
| Suppliers440/4 | - | - | - | €19,589 | €18,132 | €11,692 | ▼ 35.5% |
| Taxes, remuneration and social security45 | - | - | - | €25,563 | €24,093 | €14,285 | ▼ 40.7% |
| Taxes450/3 | - | - | - | €14,761 | €12,964 | €2,000 | ▼ 84.6% |
| Remuneration and social security454/9 | - | - | - | €10,802 | €11,128 | €12,285 | ▲ 10.4% |
| Other amounts payable47/48 | - | - | - | €54,975 | €22,143 | €10,761 | ▼ 51.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €114 | €132 | ▲ 15.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,477 | €20,051 | €45,584 | €36,817 | €21,940 | €1,755 | ▼ 92.0% |
| + Depreciation and write-downs630 | €37,441 | €18,582 | €18,433 | €15,892 | €8,959 | €8,959 | = |
| Operating cash flow (approximation) | €39,918 | €38,634 | €64,017 | €52,709 | €30,899 | €10,714 | ▼ 65.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€24,482 | €0 | €0 | - |
| Change in cash | - | -€6,992 | €84,767 | -€50,839 | -€27,616 | €34,373 | - |
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 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 07-06-2024 | 2024-00120417 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00290653 | |
| 31-12-2021 | abbreviated format | 26-07-2022 | 2022-20238383 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43800547 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-48100595 | |
| 31-12-2018 | abbreviated format | 25-07-2019 | 2019-38200342 | |
| 31-12-2017 | abbreviated format | 24-08-2018 | 2018-50100003 | |
| 31-12-2016 | abbreviated format | 02-08-2017 | 2017-40900544 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-56100111 | |
| 31-12-2014 | abbreviated format | 08-06-2015 | 2015-16100586 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.