DANCO
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 55 days after the deadline Filed on 24 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00471959.
Annual accounts 2023 filed on 24-09-2024 PDF all 37 filings
Turnover
≈ €910,000
Estimated: probably between €780,000 and €1.1m
Total assets
€489,820▲ 27.4%
2022 · €384,459
Net result
-€1,829
2022 · €112,992
Working capital
€44,026
2022 · -€11,460
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€2,040
▼ 98.5%
2023
20182023
Net result
-€1,829
2023
middle half of the sector
20182023
Equity
€171,174
▼ 1.1%
2023
highest quarter of the sector
20182023
Total assets
€489,820
▲ 27.4%
2023
highest quarter of the sector
20182023
Debt
€318,647
▲ 50.7%
2023
20182023
Working capital
€44,026
2023
highest quarter of the sector
20182023
Solvency
34.9%
▼ 10.1pp
2023
middle half of the sector
20182023
Current ratio
1.14
▲ 0.20
2023
middle half of the sector
20182023
Return on assets (ROA)
-0.4%
▼ 29.8pp
2023
middle half of the sector
20182023
Staff (FTE)
12.2
▲ 28.4%
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€120-€3,737▲ 31×€3,087▼ 17.4%€25,512▲ 727%€135,529▲ 431%€2,040▼ 98.5%
Net result-€1,091-€2,568€1,652within the sector's middle half▼ 35.7%€23,968within the sector's middle half▲ 15×€112,992above the sector's middle half▲ 371%-€1,829within the sector's middle half
Equity€31,822-€34,390▲ 8.1%€36,042within the sector's middle half▲ 4.8%€60,010within the sector's middle half▲ 66.5%€173,002above the sector's middle half▲ 188%€171,174above the sector's middle half▼ 1.1%
Total assets€93,655-€78,320▼ 16.4%€66,670within the sector's middle half▼ 14.9%€268,712above the sector's middle half▲ 303%€384,459above the sector's middle half▲ 43.1%€489,820above the sector's middle half▲ 27.4%
Debt€61,833-€43,929▼ 29.0%€30,628▼ 30.3%€208,702▲ 581%€211,457▲ 1.3%€318,647▲ 50.7%
Working capital€15,525-€19,700▲ 26.9%€22,957within the sector's middle half▲ 16.5%-€147,297below the sector's middle half-€11,460within the sector's middle half▲ 92.2%€44,026above the sector's middle half
Solvency34.0%-43.9%▲ 9.9pp54.1%within the sector's middle half▲ 10.2pp22.3%within the sector's middle half▼ 31.7pp45.0%within the sector's middle half▲ 22.7pp34.9%within the sector's middle half▼ 10.1pp
Current ratio1.25-1.45▲ 0.201.75within the sector's middle half▲ 0.300.29below the sector's middle half▼ 1.460.95within the sector's middle half▲ 0.651.14within the sector's middle half▲ 0.20
Return on assets (ROA)-1.2%-3.3%▲ 4.4pp2.5%within the sector's middle half▼ 0.8pp8.9%within the sector's middle half▲ 6.4pp29.4%above the sector's middle half▲ 20.5pp-0.4%within the sector's middle half▼ 29.8pp
Staff (FTE)0.6-1.1▲ 83.3%0.3below the sector's middle half▼ 72.7%3.8▲ 13×9.5▲ 150%12.2▲ 28.4%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 98% lower than in 2022 and the lowest since 2019.
Turnover and EBIT margin are not published. The micro 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 €489,820
Fixed assets
€135,553 ▼ 26.8%
Current assets
€354,268 ▲ 77.9%
Equity and liabilities €489,820
Equity
€171,174 ▼ 1.1%
Debt
€318,647 ▲ 50.7%
Debt's share of the balance-sheet total rises from 55.0% to 65.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,533▼
2022 · €158,389
Cash flow
€1,665▼
2022 · €135,853
Quick ratio
1.11▲
2022 · 0.89
Debt to equity
1.86▲
2022 · 1.22
ROE
-1.1%▼
2022 · 65.3%
Interest coverage
1.36▼
2022 · 37.38
Debt ≤ 1 year
€310,241▲
2022 · €210,653
Income taxes
-€182▼
2022 · €21,150
Staff costs
€367,136▲
2022 · €253,355
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 10 | 12 | 19 |
| full-time | 4 | 5 | 12 |
| part-time | 6 | 7 | 7 |
| in full-time equivalents | 7.8 | 9.5 | 15.3 |
| Average over the year, in full-time equivalents | 2.8 | 9.1 | 12.2 |
| On a permanent contract | 2 | 6 | 10 |
| Joined | 24 | 57 | - |
| Left | 15 | 55 | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €5,203 | €2,554 | €4,537 |
| Intangible fixed assets | €200,000 | - | €115,702 |
| Financial fixed assets | - | - | €4,500 |
| Depreciation and write-downs of the year | €10,981 | €22,861 | €3,493 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €29,041 | - |
| Remuneration, social security and pensions62 | - | - | - | €66,050 | €253,355 | €367,136 | ▲ 44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,606 | €1,606 | €1,606 | €10,981 | €22,861 | €3,493 | ▼ 84.7% |
| Other operating charges640/8 | - | - | - | €1,681 | €6,505 | €5,361 | ▼ 17.6% |
| Gross operating margin9900 | €14,416 | €22,691 | €8,634 | €104,223 | €418,249 | €378,031 | ▼ 9.6% |
| Operating profit (loss)9901 | €120 | €3,737 | €3,087 | €25,512 | €135,529 | €2,040 | ▼ 98.5% |
| Financial income75/76B | - | - | - | €228 | €2,850 | €32 | ▼ 98.9% |
| Recurring financial income75 | - | - | €25 | €228 | €2,850 | €32 | ▼ 98.9% |
| Financial charges65/66B | - | - | - | €1,772 | €4,238 | €4,082 | ▼ 3.7% |
| Recurring financial charges65 | €1,211 | €1,169 | €1,459 | €1,772 | €4,238 | €4,082 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | -€1,091 | €2,568 | €1,652 | €23,968 | €134,142 | -€2,010 | - |
| Income taxes67/77 | - | - | - | - | €21,150 | -€182 | - |
| Profit (loss) for the period9904 | -€1,091 | €2,568 | €1,652 | €23,968 | €112,992 | -€1,829 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,091 | €2,568 | €1,652 | €23,968 | €112,992 | -€1,829 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €93,655 | €78,320 | €66,670 | €268,712 | €384,459 | €489,820 | ▲ 27.4% |
| Fixed assets21/28 | €16,297 | €14,691 | €13,085 | €207,307 | €185,266 | €135,553 | ▼ 26.8% |
| Intangible fixed assets21 | - | - | - | €190,959 | €170,959 | €115,702 | ▼ 32.3% |
| Tangible fixed assets22/27 | €14,454 | €12,848 | €11,242 | €14,506 | €14,199 | €15,243 | ▲ 7.4% |
| Plant, machinery and equipment23 | - | - | - | €12,690 | €12,228 | €10,524 | ▼ 13.9% |
| Furniture and vehicles24 | - | - | - | €1,815 | €1,971 | €1,470 | ▼ 25.4% |
| Other tangible fixed assets26 | - | - | - | - | - | €3,249 | - |
| Financial fixed assets28 | €1,843 | €1,843 | €1,843 | €1,843 | €108 | €4,608 | ▲ 43× |
| Current assets29/58 | €77,358 | €63,629 | €53,585 | €61,405 | €199,193 | €354,268 | ▲ 77.9% |
| Stocks and contracts in progress3 | €1,930 | €1,087 | - | €8,235 | €11,343 | €9,589 | ▼ 15.5% |
| Stocks30/36 | - | - | - | €8,235 | €11,343 | €9,589 | ▼ 15.5% |
| Amounts receivable within one year40/41 | €63,888 | €50,751 | €45,365 | €28,894 | €121,300 | €286,493 | ▲ 136% |
| Trade receivables40 | - | - | - | €6,910 | €19,819 | €59,323 | ▲ 199% |
| Other amounts receivable41 | - | - | - | €21,984 | €101,482 | €227,171 | ▲ 124% |
| Cash at bank and in hand54/58 | €11,541 | €11,707 | €8,220 | €18,657 | €57,218 | €55,445 | ▼ 3.1% |
| Deferred charges and accrued income490/1 | - | - | - | €5,619 | €9,332 | €2,741 | ▼ 70.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €93,655 | €78,320 | €66,670 | €268,712 | €384,459 | €489,820 | ▲ 27.4% |
| Equity10/15 | €31,822 | €34,390 | €36,042 | €60,010 | €173,002 | €171,174 | ▼ 1.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€36,378 | -€33,810 | -€32,158 | -€8,190 | €104,802 | €102,974 | ▼ 1.7% |
| Amounts payable17/49 | €61,833 | €43,929 | €30,628 | €208,702 | €211,457 | €318,647 | ▲ 50.7% |
| Amounts payable within one year42/48 | €61,833 | €43,929 | €30,628 | €208,702 | €210,653 | €310,241 | ▲ 47.3% |
| Trade debts44 | €2,261 | €2,000 | €2,098 | €179,258 | €112,934 | €199,422 | ▲ 76.6% |
| Suppliers440/4 | - | - | - | €179,258 | €112,934 | €199,422 | ▲ 76.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | €67 | - |
| Taxes, remuneration and social security45 | - | - | - | €29,444 | €86,660 | €110,752 | ▲ 27.8% |
| Taxes450/3 | - | - | - | €20,962 | €47,117 | €52,110 | ▲ 10.6% |
| Remuneration and social security454/9 | - | - | - | €8,481 | €39,543 | €58,641 | ▲ 48.3% |
| Other amounts payable47/48 | - | - | - | - | €11,060 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €804 | €8,406 | ▲ 946% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,091 | €2,568 | €1,652 | €23,968 | €112,992 | -€1,829 | - |
| + Depreciation and write-downs630 | €1,606 | €1,606 | €1,606 | €10,981 | €22,861 | €3,493 | ▼ 84.7% |
| Operating cash flow (approximation) | €515 | €4,174 | €3,258 | €34,949 | €135,853 | €1,665 | ▼ 98.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€205,203 | -€819 | €46,219 | - |
| Change in cash | - | €167 | -€3,488 | €10,437 | €38,561 | -€1,773 | - |
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 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 24-09-2024 | 2024-00471959 | |
| 31-12-2022 | micro format | 25-09-2023 | 2023-00454709 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20340314 | |
| 31-12-2020 | micro format | 29-09-2021 | 2021-69100332 | |
| 31-12-2019 | micro format | 01-07-2020 | 2020-25400056 | |
| 31-12-2018 | micro format | 21-06-2019 | 2019-22400235 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-24800564 | |
| 31-12-2016 | micro format | 04-07-2017 | 2017-28100076 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-52900559 | |
| 31-12-2014 | full format | 20-08-2015 | 2015-44500387 |