DECOM
Absorbed by MALAMAFinancials · financial year 2021, abbreviated format
2021 annual accounts filed 61 days after the deadline Filed on 30 September 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20444239.
Annual accounts 2021 filed on 30-09-2022 PDF all 30 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €240,000
Estimated: probably between €150,000 and €470,000
Total assets
€1.4m▼ 23.5%
2020 · €1.9m
Net result
-€184,972
2020 · €130,414
Working capital
-€189,089▲ 69.3%
2020 · -€616,775
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€210,933
2021
20182021
Net result
-€184,972
2021
20182021
Equity
€611,183
▼ 23.2%
2021
20182021
Total assets
€1.4m
▼ 23.5%
2021
20182021
Debt
€823,027
▼ 21.4%
2021
20182021
Working capital
-€189,089
▲ 69.3%
2021
20182021
Staff (FTE)
no figure
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.3m-€0.3m▼ 8.8%€0.2m▼ 39.5%-€0.2m
Net result€0.004m--€0.07m€0.1m-€0.2m
Equity€0.7m-€0.7m▼ 8.3%€0.8m▲ 21.3%€0.6m▼ 23.2%
Total assets€2.2m-€2.0m▼ 9.2%€1.9m▼ 4.3%€1.4m▼ 23.5%
Debt€1.4m-€1.3m▼ 9.0%€1.0m▼ 16.7%€0.8m▼ 21.4%
Working capital-€0.5m--€0.8m▼ 60.3%-€0.6m▲ 22.2%-€0.2m▲ 69.3%
Staff (FTE)0.6-0.6=0.1▼ 83.3%
The operating result for 2021 is a loss of €210,933, after a profit of €162,862 in 2020. It is the lowest result since 2018.
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
2021 in colour, 2020 as the grey bar beneath
Assets €1.4m
Fixed assets
€814,236 ▼ 49.1%
Current assets
€633,938 ▲ 117%
Equity and liabilities €1.4m
Equity
€611,183 ▼ 23.2%
Provisions
€13,965 ▼ 71.5%
Debt
€823,027 ▼ 21.4%
Debt's share of the balance-sheet total rises from 55.3% to 56.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€116,641▼
2020 · €289,396
Cash flow
-€90,681▼
2020 · €256,948
Current ratio
0.77▲
2020 · 0.32
Debt to equity
1.35▲
2020 · 1.32
ROE
-30.3%▼
2020 · 16.4%
ROA
-12.8%▼
2020 · 6.9%
Interest coverage
-8.40▼
2020 · 18.25
Debt ≤ 1 year
€823,027▼
2020 · €908,254
Staff costs
€28▼
2020 · €3,289
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2020 |
|---|---|
| Average over the year, in full-time equivalents | 0.1 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2020 annual accounts
Investments
| Item | 2020 | 2021 |
|---|---|---|
| Tangible fixed assets | €21,196 | €3,895 |
| Financial fixed assets | €713 | - |
| Depreciation and write-downs of the year | €126,534 | €94,292 |
Source: notes to the 2020 to 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €12,413 | €72,344 | ▲ 483% |
| Remuneration, social security and pensions62 | - | - | €3,289 | €28 | ▼ 99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €147,761 | €135,434 | €126,534 | €94,292 | ▼ 25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€75,395 | - | - |
| Other operating charges640/8 | - | - | €34,742 | €26,585 | ▼ 23.5% |
| Non-recurring operating charges66A | - | - | €25,612 | €177,947 | ▲ 595% |
| Gross operating margin9900 | €504,156 | €475,485 | €277,645 | €87,918 | ▼ 68.3% |
| Operating profit (loss)9901 | €295,180 | €269,278 | €162,862 | -€210,933 | - |
| Financial income75/76B | - | - | €7,201 | €4,828 | ▼ 33.0% |
| Recurring financial income75 | €30,145 | €5,606 | €7,201 | €4,828 | ▼ 33.0% |
| Financial charges65/66B | - | - | €15,858 | €13,887 | ▼ 12.4% |
| Recurring financial charges65 | €326,171 | €349,712 | €15,858 | €13,887 | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | -€846 | -€74,828 | €154,206 | -€219,992 | - |
| Transfer from deferred taxes780 | - | - | €7,173 | €35,020 | ▲ 388% |
| Income taxes67/77 | €2,010 | €0 | €30,964 | - | - |
| Profit (loss) for the period9904 | €4,317 | -€67,655 | €130,414 | -€184,972 | - |
| Transfer from tax-exempt reserves789 | - | - | €14,563 | €105,953 | ▲ 628% |
| Transfer to tax-exempt reserves689 | - | - | €303 | €213 | ▼ 29.5% |
| Profit (loss) for the period to be appropriated9905 | €19,098 | -€53,423 | €144,675 | -€79,232 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.2m | €2.0m | €1.9m | €1.4m | ▼ 23.5% |
| Formation expenses20 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €1.8m | €1.7m | €1.6m | €0.8m | ▼ 49.1% |
| Intangible fixed assets21 | €0.001m | €0.001m | - | - | - |
| Tangible fixed assets22/27 | €1.8m | €1.7m | €1.6m | €0.8m | ▼ 49.1% |
| Land and buildings22 | - | - | €1.6m | €0.8m | ▼ 49.2% |
| Plant, machinery and equipment23 | - | - | €195 | €175 | ▼ 10.3% |
| Furniture and vehicles24 | - | - | €0.006m | €0.004m | ▼ 32.3% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.002m | €168 | ▼ 90.1% |
| Current assets29/58 | €0.4m | €0.3m | €0.3m | €0.6m | ▲ 117% |
| Stocks and contracts in progress3 | €0.09m | €0.06m | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 2.6% |
| Trade receivables40 | - | - | €0.005m | €0.002m | ▼ 65.1% |
| Other amounts receivable41 | - | - | €0.2m | €0.2m | ▼ 1.2% |
| Current investments50/53 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.03m | €0.05m | €0.4m | ▲ 739% |
| Deferred charges and accrued income490/1 | - | - | €0.005m | €0.003m | ▼ 51.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.2m | €2.0m | €1.9m | €1.4m | ▼ 23.5% |
| Equity10/15 | €0.7m | €0.7m | €0.8m | €0.6m | ▼ 23.2% |
| Contributions10/11 | €0.09m | €0.09m | €0.2m | €0.2m | = |
| Capital10 | - | - | €0.09m | €0.09m | = |
| Issued capital100 | - | - | €0.09m | €0.09m | = |
| Contributions outside capital11 | - | - | €0.09m | €0.09m | = |
| Share premium1100/10 | - | - | €0.09m | €0.09m | = |
| Reserves13 | €0.5m | €0.5m | €0.6m | €0.5m | ▼ 17.2% |
| Non-distributable reserves130/1 | - | - | €0.009m | €0.009m | = |
| Legal reserve130 | - | - | €0.009m | €0.009m | = |
| Tax-exempt reserves132 | - | - | €0.2m | €0.09m | ▼ 54.9% |
| Distributable reserves133 | - | - | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | €0 | -€0.05m | - | -€0.08m | - |
| Provisions and deferred taxes16 | €0.08m | €0.07m | €0.05m | €0.01m | ▼ 71.5% |
| Deferred taxes168 | - | - | €0.05m | €0.01m | ▼ 71.5% |
| Amounts payable17/49 | €1.4m | €1.3m | €1.0m | €0.8m | ▼ 21.4% |
| Amounts payable after more than one year17 | €0.5m | €0.2m | €0.1m | - | - |
| Financial debts170/4 | - | - | €0.1m | - | - |
| Amounts payable within one year42/48 | €0.8m | €1.1m | €0.9m | €0.8m | ▼ 9.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0.06m | - | - |
| Trade debts44 | €0.08m | €0.03m | €96 | €0.01m | ▲ 132× |
| Suppliers440/4 | - | - | €96 | €0.01m | ▲ 132× |
| Taxes, remuneration and social security45 | - | - | €0.001m | €0.005m | ▲ 241% |
| Taxes450/3 | - | - | €0.001m | €0.005m | ▲ 241% |
| Other amounts payable47/48 | - | - | €0.8m | €0.8m | ▼ 4.9% |
| Accrued charges and deferred income492/3 | - | - | €0.005m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,317 | -€67,655 | €130,414 | -€184,972 | - |
| + Depreciation and write-downs630 | €147,761 | €135,434 | €126,534 | €94,292 | ▼ 25.5% |
| Operating cash flow (approximation) | €152,079 | €67,779 | €256,948 | -€90,681 | - |
| Investment in fixed assets (approximation) | - | -€27,505 | -€8,918 | €692,554 | - |
| Change in cash | - | -€9,999 | €17,851 | €351,450 | ▲ 20× |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 30-09-2022 | 2022-20444239 | |
| 31-12-2020 | abbreviated format | 30-09-2022 | 2022-20443884 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-47800496 | |
| 31-12-2018 | abbreviated format | 06-01-2020 | 2020-00300396 | |
| 31-12-2017 | abbreviated format | 27-09-2018 | 2018-65300236 | |
| 31-12-2016 | abbreviated format | 02-03-2018 | 2018-06300099 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-26200482 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-53300539 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-55300506 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-55500299 |