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ActiveFinancials · financial year 2022, micro format
2023 annual accounts not yet filed, deadline passed on 31 July 2024 The financial year closed on 31 December 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2022 filed on 27-06-2023 PDF all 39 filings
Turnover
≈ €200,000
Estimated: probably between €150,000 and €250,000
Total assets
€118,329▼ 24.6%
2021 · €156,973
Net result
-€9,304▲ 37.1%
2021 · -€14,803
Working capital
-€85,113▼ 3.5%
2021 · -€82,245
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
-€4,578
▲ 63.0%
2022
20182022
Net result
-€9,304
▲ 37.1%
2022
lowest quarter of the sector
20182022
Equity
-€50,711
▼ 22.5%
2022
lowest quarter of the sector
20182022
Total assets
€118,329
▼ 24.6%
2022
lowest quarter of the sector
20182022
Debt
€162,043
▼ 15.0%
2022
20182022
Working capital
-€85,113
▼ 3.5%
2022
lowest quarter of the sector
20182022
Solvency
-42.9%
▼ 16.5pp
2022
lowest quarter of the sector
20182022
Current ratio
0.21
▼ 0.10
2022
lowest quarter of the sector
20182022
Return on assets (ROA)
-7.9%
▲ 1.6pp
2022
lowest quarter of the sector
20182022
Staff (FTE)
3.2
▲ 39.1%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€21,591-€11,344▼ 47.5%€929▼ 91.8%-€12,385-€4,578▲ 63.0%
Net result€11,916-€4,149▼ 65.2%-€4,907below the sector's middle half-€14,803below the sector's middle half▼ 202%-€9,304below the sector's middle half▲ 37.1%
Equity-€25,845--€21,696▲ 16.1%-€26,604below the sector's middle half▼ 22.6%-€41,406below the sector's middle half▼ 55.6%-€50,711below the sector's middle half▼ 22.5%
Total assets€196,614-€181,119▼ 7.9%€152,726within the sector's middle half▼ 15.7%€156,973within the sector's middle half▲ 2.8%€118,329below the sector's middle half▼ 24.6%
Debt€212,353-€193,487▼ 8.9%€170,778▼ 11.7%€190,606▲ 11.6%€162,043▼ 15.0%
Working capital-€58,331--€59,905▼ 2.7%-€64,949below the sector's middle half▼ 8.4%-€82,245below the sector's middle half▼ 26.6%-€85,113below the sector's middle half▼ 3.5%
Solvency-13.1%--12.0%▲ 1.2pp-17.4%below the sector's middle half▼ 5.4pp-26.4%below the sector's middle half▼ 9.0pp-42.9%below the sector's middle half▼ 16.5pp
Current ratio0.39-0.35▼ 0.040.23below the sector's middle half▼ 0.120.32below the sector's middle half▲ 0.090.21below the sector's middle half▼ 0.10
Return on assets (ROA)6.1%-2.3%▼ 3.8pp-3.2%below the sector's middle half▼ 5.5pp-9.4%below the sector's middle half▼ 6.2pp-7.9%below the sector's middle half▲ 1.6pp
Staff (FTE)1.4-1.6▲ 14.3%1.3above the sector's middle half▼ 18.8%2.3▲ 76.9%3.2▲ 39.1%
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). 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 2022 is a loss of €4,578, smaller than the loss of €12,385 in 2021.
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
2022 in colour, 2021 as the grey bar beneath
Assets €118,329
Fixed assets
€95,379 ▼ 19.9%
Current assets
€22,950 ▼ 39.5%
Equity and liabilities
Equity-€50,711
Debt€162,043
Equity is negative. Debt (€162,043) exceeds the balance-sheet total (€118,329).
Key figures and ratios
EBITDA
€20,455▲
2021 · €12,617
Cash flow
€15,729▲
2021 · €10,199
Quick ratio
0.08▼
2021 · 0.20
Interest coverage
3.70▲
2021 · 3.70
Debt ≤ 1 year
€108,063▼
2021 · €120,177
Debt > 1 year
€53,979▼
2021 · €70,429
Staff costs
€78,148▲
2021 · €40,200
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|---|
| Employees at the balance-sheet date | 4 | 4 |
| full-time | 1 | 1 |
| part-time | 3 | 3 |
| in full-time equivalents | 2.5 | 2.5 |
| Average over the year, in full-time equivalents | 2 | 2.7 |
| On a permanent contract | 4 | 3 |
| Joined | 206 | 217 |
| Left | 204 | 216 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €10,712 | €1,369 |
| Depreciation and write-downs of the year | €25,002 | €25,033 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €40,200 | €78,148 | ▲ 94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,729 | €24,256 | €23,364 | €25,002 | €25,033 | ▲ 0.1% |
| Other operating charges640/8 | - | - | - | €5,737 | €3,068 | ▼ 46.5% |
| Gross operating margin9900 | €80,832 | €72,385 | €57,296 | €58,554 | €101,671 | ▲ 73.6% |
| Operating profit (loss)9901 | €21,591 | €11,344 | €929 | -€12,385 | -€4,578 | ▲ 63.0% |
| Financial income75/76B | - | - | - | €353 | €23 | ▼ 93.6% |
| Recurring financial income75 | €2 | €69 | €9 | €353 | €23 | ▼ 93.6% |
| Financial charges65/66B | - | - | - | €3,412 | €5,526 | ▲ 62.0% |
| Recurring financial charges65 | €4,814 | €4,672 | €3,959 | €3,412 | €5,526 | ▲ 62.0% |
| Profit (loss) for the period before taxes9903 | €16,779 | €6,740 | -€3,022 | -€15,444 | -€10,081 | ▲ 34.7% |
| Transfer from deferred taxes780 | - | - | - | €777 | €777 | = |
| Income taxes67/77 | €5,641 | €3,369 | €2,663 | €136 | - | - |
| Profit (loss) for the period9904 | €11,916 | €4,149 | -€4,907 | -€14,803 | -€9,304 | ▲ 37.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €2,335 | €2,335 | = |
| Profit (loss) for the period to be appropriated9905 | €14,250 | €6,483 | -€2,573 | -€12,468 | -€6,969 | ▲ 44.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196,614 | €181,119 | €152,726 | €156,973 | €118,329 | ▼ 24.6% |
| Fixed assets21/28 | €159,778 | €149,545 | €133,331 | €119,042 | €95,379 | ▼ 19.9% |
| Tangible fixed assets22/27 | €159,499 | €149,016 | €133,052 | €118,763 | €95,099 | ▼ 19.9% |
| Land and buildings22 | - | - | - | €102,258 | €82,612 | ▼ 19.2% |
| Plant, machinery and equipment23 | - | - | - | €11,068 | €10,266 | ▼ 7.3% |
| Furniture and vehicles24 | - | - | - | €5,437 | €2,222 | ▼ 59.1% |
| Financial fixed assets28 | €279 | €529 | €279 | €279 | €279 | = |
| Current assets29/58 | €36,836 | €31,574 | €19,394 | €37,931 | €22,950 | ▼ 39.5% |
| Stocks and contracts in progress3 | €20,933 | €13,338 | €13,338 | €13,338 | €14,457 | ▲ 8.4% |
| Stocks30/36 | - | - | - | €13,338 | €14,457 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €1,718 | €6,459 | €2,725 | €4,676 | €1,490 | ▼ 68.1% |
| Trade receivables40 | - | - | - | €2,773 | - | - |
| Other amounts receivable41 | - | - | - | €1,903 | €1,490 | ▼ 21.7% |
| Cash at bank and in hand54/58 | €13,733 | €11,673 | €3,290 | €19,917 | €7,003 | ▼ 64.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196,614 | €181,119 | €152,726 | €156,973 | €118,329 | ▼ 24.6% |
| Equity10/15 | -€25,845 | -€21,696 | -€26,604 | -€41,406 | -€50,711 | ▼ 22.5% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Reserves13 | €51,228 | €48,894 | €46,559 | €44,225 | €41,890 | ▼ 5.3% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | - | - | €28,328 | €25,993 | ▼ 8.2% |
| Distributable reserves133 | - | - | - | €14,037 | €14,037 | = |
| Profit (loss) carried forward14 | -€95,665 | -€89,182 | -€91,755 | -€104,223 | -€111,192 | ▼ 6.7% |
| Provisions and deferred taxes16 | €10,106 | €9,329 | €8,551 | €7,774 | €6,997 | ▼ 10.0% |
| Deferred taxes168 | - | - | - | €7,774 | €6,997 | ▼ 10.0% |
| Amounts payable17/49 | €212,353 | €193,487 | €170,778 | €190,606 | €162,043 | ▼ 15.0% |
| Amounts payable after more than one year17 | €117,186 | €102,008 | €86,435 | €70,429 | €53,979 | ▼ 23.4% |
| Financial debts170/4 | - | - | - | €70,429 | €53,979 | ▼ 23.4% |
| Amounts payable within one year42/48 | €95,167 | €91,479 | €84,343 | €120,177 | €108,063 | ▼ 10.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,006 | €16,450 | ▲ 2.8% |
| Trade debts44 | €22,302 | €21,768 | €6,813 | €19,618 | €19,227 | ▼ 2.0% |
| Suppliers440/4 | - | - | - | €19,618 | €19,227 | ▼ 2.0% |
| Taxes, remuneration and social security45 | - | - | - | €5,976 | €16,180 | ▲ 171% |
| Taxes450/3 | - | - | - | €2,152 | €2,140 | ▼ 0.5% |
| Remuneration and social security454/9 | - | - | - | €3,824 | €14,040 | ▲ 267% |
| Other amounts payable47/48 | - | - | - | €78,577 | €56,207 | ▼ 28.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,916 | €4,149 | -€4,907 | -€14,803 | -€9,304 | ▲ 37.1% |
| + Depreciation and write-downs630 | €22,729 | €24,256 | €23,364 | €25,002 | €25,033 | ▲ 0.1% |
| Operating cash flow (approximation) | €34,644 | €28,405 | €18,457 | €10,199 | €15,729 | ▲ 54.2% |
| Investment in fixed assets (approximation) | - | -€14,024 | -€7,150 | -€10,712 | -€1,369 | ▲ 87.2% |
| Change in cash | - | -€2,059 | -€8,383 | €16,627 | -€12,914 | - |
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 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 27-06-2023 | 2023-00163063 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20371416 | |
| 31-12-2020 | micro format | 04-08-2021 | 2021-45500192 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-22900199 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34600247 | |
| 31-12-2017 | micro format | 22-07-2018 | 2018-36500350 | |
| 31-12-2016 | micro format | 12-07-2017 | 2017-31100005 | |
| 31-12-2015 | abbreviated format | 28-07-2016 | 2016-37300299 | |
| 31-12-2014 | abbreviated format | 03-08-2015 | 2015-39100086 | |
| 31-12-2013 | abbreviated format | 01-08-2014 | 2014-39000214 |