DATASIGHT
InactiveFinancials · financial year 2023, abbreviated format
Turnover
€1.4m▼ 29.8%
2022 · €2.0m
EBIT margin
1.4%▼ 5.7pp
2022 · 7.0%
Net result
€11,599▼ 87.8%
2022 · €94,766
Working capital
€237,068▲ 3.7%
2022 · €228,681
Trend over the years
2021 to 2023, 3 financial years
The operating result has fallen two years in a row; 2023 is 87% below 2022 and is the lowest 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.
Turnover€1.4m
2023
Operating result€0.02m
2023
Net result€0.01m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.6m
2023
Equity€0.2m
2023
Debt€0.4m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.4%
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)3.9
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
Line202120222023
Turnover€1.5m-€2.0m▲ 30.2%€1.4m▼ 29.8%
Operating result€0.2m-€0.1m▼ 23.2%€0.02m▼ 86.5%
Net result€0.1m-€0.09m▼ 25.5%€0.01m▼ 87.8%
EBIT margin11.9%-7.0%▼ 4.9pp1.4%▼ 5.7pp
Equity€0.1m-€0.2m▲ 68.1%€0.2m▲ 5.0%
Total assets€0.5m-€0.5m▲ 0.1%€0.6m▲ 15.4%
Debt€0.4m-€0.3m▼ 24.8%€0.4m▲ 23.9%
Working capital€0.1m-€0.2m▲ 67.9%€0.2m▲ 3.7%
Staff (FTE)5.9-7.4▲ 25.4%3.9▼ 47.3%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €599,681
Fixed assets
€8,432 ▲ 61.6%
Current assets
€591,249 ▲ 14.9%
Equity and liabilities €599,681
Equity
€245,499 ▲ 5.0%
Debt
€354,182 ▲ 23.9%
Debt's share of the balance-sheet total rises from 55.0% to 59.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,805▼
2022 · €141,703
Cash flow
€14,439▼
2022 · €95,907
Current ratio
1.67▼
2022 · 1.80
Debt to equity
1.44▲
2022 · 1.22
ROE
4.7%▼
2022 · 40.5%
ROA
1.9%▼
2022 · 18.2%
Interest coverage
3.56▼
2022 · 19.14
Debt ≤ 1 year
€354,182▲
2022 · €285,808
Income taxes
€4,794▼
2022 · €38,618
Staff costs
€291,729▼
2022 · €568,813
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Turnover70 | €1.5m | €2.0m | €1.4m | ▼ 29.8% |
| Goods, raw materials, services and sundry goods60/61 | €1.0m | €1.3m | €1.1m | ▼ 15.6% |
| Remuneration, social security and pensions62 | €0.4m | €0.6m | €0.3m | ▼ 48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.001m | €0.003m | ▲ 149% |
| Other operating charges640/8 | €0.004m | €0.003m | €0.002m | ▼ 27.9% |
| Gross operating margin9900 | €0.6m | €0.7m | €0.3m | ▼ 55.8% |
| Operating profit (loss)9901 | €0.2m | €0.1m | €0.02m | ▼ 86.5% |
| Financial income75/76B | €246 | €224 | €0.004m | ▲ 1,487% |
| Recurring financial income75 | €246 | €224 | €0.004m | ▲ 1,487% |
| Financial charges65/66B | €0.005m | €0.007m | €0.006m | ▼ 17.3% |
| Recurring financial charges65 | €0.005m | €0.007m | €0.006m | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.1m | €0.02m | ▼ 87.7% |
| Income taxes67/77 | €0.05m | €0.04m | €0.005m | ▼ 87.6% |
| Profit (loss) for the period9904 | €0.1m | €0.09m | €0.01m | ▼ 87.8% |
| Transfer to tax-exempt reserves689 | - | €0.02m | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.08m | €0.01m | ▼ 85.1% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €519,389 | €519,709 | €599,681 | ▲ 15.4% |
| Fixed assets21/28 | €2,898 | €5,219 | €8,432 | ▲ 61.6% |
| Tangible fixed assets22/27 | €2,898 | €5,219 | €8,432 | ▲ 61.6% |
| Plant, machinery and equipment23 | €2,898 | €5,219 | €8,432 | ▲ 61.6% |
| Current assets29/58 | €516,491 | €514,490 | €591,249 | ▲ 14.9% |
| Amounts receivable within one year40/41 | €498,592 | €501,069 | €575,318 | ▲ 14.8% |
| Trade receivables40 | €194,782 | €271,520 | €271,695 | ▲ 0.1% |
| Other amounts receivable41 | €303,810 | €229,549 | €303,623 | ▲ 32.3% |
| Cash at bank and in hand54/58 | €13,440 | €9,346 | €12,482 | ▲ 33.5% |
| Deferred charges and accrued income490/1 | €4,459 | €4,075 | €3,449 | ▼ 15.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €519,389 | €519,709 | €599,681 | ▲ 15.4% |
| Equity10/15 | €139,135 | €233,901 | €245,499 | ▲ 5.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €76,200 | €171,040 | €183,040 | ▲ 7.0% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €16,840 | €16,840 | = |
| Distributable reserves133 | €70,000 | €148,000 | €160,000 | ▲ 8.1% |
| Profit (loss) carried forward14 | €935 | €861 | €459 | ▼ 46.6% |
| Amounts payable17/49 | €380,254 | €285,808 | €354,182 | ▲ 23.9% |
| Amounts payable within one year42/48 | €380,254 | €285,808 | €354,182 | ▲ 23.9% |
| Trade debts44 | €204,655 | €149,397 | €276,416 | ▲ 85.0% |
| Suppliers440/4 | €204,655 | €149,397 | €276,416 | ▲ 85.0% |
| Taxes, remuneration and social security45 | €125,599 | €136,412 | €77,766 | ▼ 43.0% |
| Taxes450/3 | €81,531 | €74,294 | €42,697 | ▼ 42.5% |
| Remuneration and social security454/9 | €44,068 | €62,118 | €35,069 | ▼ 43.5% |
| Other amounts payable47/48 | €50,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €127,135 | €94,766 | €11,599 | ▼ 87.8% |
| + Depreciation and write-downs630 | €1,361 | €1,141 | €2,840 | ▲ 149% |
| Operating cash flow (approximation) | €128,496 | €95,907 | €14,439 | ▼ 84.9% |
| Investment in fixed assets (approximation) | - | -€3,462 | -€6,053 | ▼ 74.8% |
| Change in cash | - | -€4,094 | €3,136 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00283715 |
| 31-12-2022 | abbreviated format | 04-08-2023 | 2023-00313461 |
| 31-12-2021 | abbreviated format | 05-08-2022 | 2022-20272370 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.