De Heide
Open bankruptcyFinancials · financial year 2021, abbreviated format
2021 annual accounts filed late (64 days) Filed on 3 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20449672.
Turnover
€2.6m▲ 280%
2020 · €692,433
EBIT margin
36.0%▲ 3.5pp
2020 · 32.5%
Net result
-€225,397
2020 · €122,439
Working capital
€320,461▼ 63.4%
2020 · €874,575
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 321% above 2020 and is 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.
Turnover€2.6m
2021
Operating result€0.9m
2021
Net result-€0.2m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€10.0m
2021
Equity€4.2m
2021
Debt€5.8m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2021
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin36.0%
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)107.6
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€1.0m-€0.9m▼ 15.3%€0.7m▼ 19.7%€2.6m▲ 280%
Operating result€0.1m-€0.1m▼ 9.2%€0.2m▲ 78.3%€0.9m▲ 321%
Net result€0.02m-€0.5m▲ 1,913%€0.1m▼ 75.6%-€0.2m
EBIT margin13.6%-14.6%▲ 1.0pp32.5%▲ 17.8pp36.0%▲ 3.5pp
Equity€2.9m-€3.4m▲ 15.2%€3.5m▲ 2.0%€4.2m▲ 20.8%
Total assets€6.4m-€7.3m▲ 12.8%€8.2m▲ 13.4%€10.0m▲ 21.7%
Debt€3.5m-€3.9m▲ 10.8%€4.8m▲ 23.4%€5.8m▲ 22.3%
Working capital€0.6m-€0.7m▲ 17.6%€0.9m▲ 21.0%€0.3m▼ 63.4%
Staff (FTE)86.6-89.3▲ 3.1%96.1▲ 7.6%107.6▲ 12.0%
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €10.0m
Fixed assets
€5.6m ▲ 47.5%
Current assets
€4.4m ▼ 0.7%
Equity and liabilities €10.0m
Equity
€4.2m ▲ 20.8%
Debt
€5.8m ▲ 22.3%
Debt's share of the balance-sheet total rises from 58.0% to 58.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▲
2020 · €631,824
Cash flow
€172,887▼
2020 · €529,465
Current ratio
1.08▼
2020 · 1.25
Debt to equity
1.40▲
2020 · 0.36
ROE
-5.4%▼
2020 · 3.5%
ROA
-2.2%▼
2020 · 1.5%
Interest coverage
10.15▼
2020 · 10.72
Debt ≤ 1 year
€4.1m▲
2020 · €3.5m
Debt > 1 year
€1.8m▲
2020 · €1.2m
Staff costs
€6.2m
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 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €10.5m | - |
| Turnover70 | €1.0m | €0.9m | €0.7m | €2.6m | ▲ 280% |
| Membership fees, donations, legacies and grants73 | - | - | - | €6.3m | - |
| Other operating income74 | - | - | - | €0.04m | - |
| Non-recurring operating income76A | - | - | - | €1.6m | - |
| Operating charges60/66A | - | - | - | €9.5m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €2.3m | - |
| Purchases600/8 | - | - | - | €2.3m | - |
| Services and other goods61 | - | - | - | €0.5m | - |
| Remuneration, social security and pensions62 | - | - | - | €6.2m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.09m | - |
| Other operating charges640/8 | - | - | - | €0.05m | - |
| Non-recurring operating charges66A | - | - | - | €0 | - |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.2m | €0.9m | ▲ 321% |
| Financial income75/76B | - | - | - | €45 | - |
| Recurring financial income75 | €288 | €0.04m | €0.001m | €45 | ▼ 95.9% |
| Income from financial fixed assets750 | - | - | - | €0 | - |
| Other financial income752/9 | - | - | - | €45 | - |
| Financial charges65/66B | - | - | - | €1.2m | - |
| Recurring financial charges65 | €0.1m | €0.06m | €0.06m | €1.2m | ▲ 1,721% |
| Debt charges650 | €0.1m | €0.06m | €0.06m | €0.1m | ▲ 125% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €1.0m | - |
| Other financial charges652/9 | - | - | - | €0.003m | - |
| Non-recurring financial charges66B | - | - | - | €0.002m | - |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.1m | €0.1m | -€0.2m | - |
| Profit (loss) for the period9904 | €0.02m | €0.5m | €0.1m | -€0.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.5m | €0.1m | -€0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6.4m | €7.3m | €8.2m | €10.0m | ▲ 21.7% |
| Fixed assets21/28 | €3.9m | €4.1m | €3.8m | €5.6m | ▲ 47.5% |
| Intangible fixed assets21 | €0.008m | €0.004m | €0.002m | €0.001m | ▼ 46.1% |
| Tangible fixed assets22/27 | €3.7m | €3.4m | €3.1m | €5.1m | ▲ 62.2% |
| Land and buildings22 | - | - | - | €4.8m | - |
| Plant, machinery and equipment23 | - | - | - | €0.2m | - |
| Furniture and vehicles24 | - | - | - | €0.02m | - |
| Other tangible fixed assets26 | - | - | - | €0.03m | - |
| Financial fixed assets28 | €0.1m | €0.7m | €0.7m | €0.6m | ▼ 17.9% |
| Affiliated companies280/1 | - | - | - | €0.6m | - |
| Participating interests280 | - | - | - | €0.009m | - |
| Amounts receivable281 | - | - | - | €0.6m | - |
| Other financial fixed assets284/8 | - | - | - | €0.005m | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.005m | - |
| Current assets29/58 | €2.6m | €3.2m | €4.4m | €4.4m | ▼ 0.7% |
| Amounts receivable after more than one year29 | - | - | - | €1.2m | - |
| Other amounts receivable291 | - | - | - | €1.2m | - |
| Stocks and contracts in progress3 | - | - | €0.2m | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €0 | - |
| Property held for sale35 | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €1.8m | €1.8m | €2.8m | €3.0m | ▲ 6.1% |
| Trade receivables40 | - | - | - | €1.2m | - |
| Other amounts receivable41 | - | - | - | €1.8m | - |
| Current investments50/53 | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Cash at bank and in hand54/58 | €0.1m | €0.06m | €0.05m | €0.03m | ▼ 25.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6.4m | €7.3m | €8.2m | €10.0m | ▲ 21.7% |
| Equity10/15 | €2.9m | €3.4m | €3.5m | €4.2m | ▲ 20.8% |
| Revaluation surpluses12 | - | - | - | €1.0m | - |
| Profit (loss) carried forward14 | -€1.1m | -€0.6m | -€0.5m | -€0.7m | ▼ 46.6% |
| Investment grants15 | - | - | - | €0.5m | - |
| Amounts payable17/49 | €3.5m | €3.9m | €4.8m | €5.8m | ▲ 22.3% |
| Amounts payable after more than one year17 | €1.6m | €1.4m | €1.2m | €1.8m | ▲ 42.2% |
| Financial debts170/4 | - | - | - | €1.8m | - |
| Credit institutions173 | - | - | - | €1.0m | - |
| Other loans174 | - | - | - | €0.7m | - |
| Amounts payable within one year42/48 | €1.9m | €2.4m | €3.5m | €4.1m | ▲ 14.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | - |
| Financial debts43 | - | - | - | €0.4m | - |
| Credit institutions430/8 | - | - | - | €0.2m | - |
| Other loans439 | - | - | - | €0.2m | - |
| Trade debts44 | €0.08m | €0.5m | €1.2m | €0.5m | ▼ 62.1% |
| Suppliers440/4 | - | - | - | €0.5m | - |
| Taxes, remuneration and social security45 | - | - | - | €3.0m | - |
| Taxes450/3 | - | - | - | €0.6m | - |
| Remuneration and social security454/9 | - | - | - | €2.5m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.5m | €0.1m | -€0.2m | - |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 2.1% |
| Operating cash flow (approximation) | €0.4m | €0.9m | €0.5m | €0.2m | ▼ 67.3% |
| Investment in fixed assets (approximation) | - | -€0.6m | -€0.1m | -€2.2m | ▼ 1,547% |
| Change in cash | - | -€0.06m | -€0.02m | -€0.01m | ▲ 29.7% |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | abbreviated format | 03-10-2022 | 2022-20449672 |
| 31-12-2020 | abbreviated format | 09-08-2021 | 2021-47100029 |
| 31-12-2019 | abbreviated format | 01-10-2020 | 2020-58200304 |
| 31-12-2018 | abbreviated format | 11-07-2019 | 2019-33000060 |
| 31-12-2017 | abbreviated format | 22-05-2018 | 2018-13300525 |
| 31-12-2016 | abbreviated format | 29-06-2017 | 2017-25900284 |
| 31-12-2015 | abbreviated format | 31-05-2016 | 2016-14200431 |
| 31-12-2014 | abbreviated format | 18-05-2015 | 2015-12400543 |
| 31-12-2013 | abbreviated format | 28-05-2014 | 2014-14300237 |
| 31-12-2012 | abbreviated format | 04-06-2013 | 2013-14800129 |
Subsidies and aid
Flemish government
2022 to 2024 · 16 entries · €6.2m awarded · €6.2m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0.004m | €0.004m |
| 2023 | 4 | €0.004m | €0.004m |
| 2022 | 11 | €6.2m | €6.2m |
Schemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.