Delasoft Engineering
Open bankruptcyFinancials · financial year 2021, micro format
2021 annual accounts filed 26 days after the deadline Filed on 26 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20321237.
Annual accounts 2021 filed on 26-08-2022 PDF all 3 filings
Turnover
≈ €92,000
Estimated: probably between €42,000 and €220,000
Total assets
€135,966▲ 7.9%
2020 · €125,993
Net result
€8,816▼ 83.9%
2020 · €54,757
Working capital
€116,123▲ 13.1%
2020 · €102,643
Multi-year overview
2019 to 2021, 3 financial yearsOperating result
€9,022
▼ 87.8%
2021
20192021
Net result
€8,816
▼ 83.9%
2021
20192021
Equity
€117,617
▲ 8.1%
2021
20192021
Total assets
€135,966
▲ 7.9%
2021
20192021
Debt
€18,348
▲ 6.7%
2021
20192021
Working capital
€116,123
▲ 13.1%
2021
20192021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021
Operating result€67,164-€73,833▲ 9.9%€9,022▼ 87.8%
Net result€47,844-€54,757▲ 14.4%€8,816▼ 83.9%
Equity€54,044-€108,802▲ 101%€117,617▲ 8.1%
Total assets€63,447-€125,993▲ 98.6%€135,966▲ 7.9%
Debt€9,403-€17,191▲ 82.8%€18,348▲ 6.7%
Working capital€51,201-€102,643▲ 100%€116,123▲ 13.1%
The operating result for 2021 is 88% lower than in 2020 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
2021 in colour, 2020 as the grey bar beneath
Assets €135,742
Fixed assets
€2,931 ▼ 57.7%
Current assets
€132,811 ▲ 12.0%
Equity and liabilities €135,966
Equity
€117,617 ▲ 8.1%
Debt
€18,348 ▲ 6.7%
Debt's share of the balance-sheet total falls from 13.6% to 13.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,057▼
2020 · €75,286
Cash flow
€9,851▼
2020 · €56,210
Current ratio
7.96▲
2020 · 7.43
Debt to equity
0.16
ROE
7.5%▼
2020 · 50.3%
ROA
6.5%▼
2020 · 43.5%
Interest coverage
7.45
Debt ≤ 1 year
€16,688▲
2020 · €15,971
Income taxes
€2,724▼
2020 · €21,057
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,559 | €1,453 | €1,035 | ▼ 28.7% |
| Other operating charges640/8 | - | - | €449 | - |
| Non-recurring operating charges66A | - | - | €1,524 | - |
| Gross operating margin9900 | €71,587 | €77,033 | €12,030 | ▼ 84.4% |
| Operating profit (loss)9901 | €67,164 | €73,833 | €9,022 | ▼ 87.8% |
| Financial income75/76B | - | - | €3,868 | - |
| Recurring financial income75 | €830 | €2,012 | €3,868 | ▲ 92.2% |
| Financial charges65/66B | - | - | €1,351 | - |
| Recurring financial charges65 | €331 | €31 | €1,351 | ▲ 43× |
| Profit (loss) for the period before taxes9903 | €67,663 | €75,814 | €11,539 | ▼ 84.8% |
| Income taxes67/77 | €19,819 | €21,057 | €2,724 | ▼ 87.1% |
| Profit (loss) for the period9904 | €47,844 | €54,757 | €8,816 | ▼ 83.9% |
| Profit (loss) for the period to be appropriated9905 | €47,844 | €54,757 | €8,816 | ▼ 83.9% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €63,447 | €125,993 | €135,966 | ▲ 7.9% |
| Formation expenses20 | €672 | €448 | €224 | ▼ 50.0% |
| Fixed assets21/28 | €3,371 | €6,931 | €2,931 | ▼ 57.7% |
| Tangible fixed assets22/27 | €3,291 | €6,851 | €2,931 | ▼ 57.2% |
| Furniture and vehicles24 | - | - | €2,931 | - |
| Financial fixed assets28 | €80 | €80 | - | - |
| Current assets29/58 | €59,404 | €118,614 | €132,811 | ▲ 12.0% |
| Amounts receivable within one year40/41 | €44,054 | €97,393 | €128,569 | ▲ 32.0% |
| Other amounts receivable41 | - | - | €128,569 | - |
| Cash at bank and in hand54/58 | €14,972 | €20,433 | €2,750 | ▼ 86.5% |
| Deferred charges and accrued income490/1 | - | - | €1,492 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €63,447 | €125,993 | €135,966 | ▲ 7.9% |
| Equity10/15 | €54,044 | €108,802 | €117,617 | ▲ 8.1% |
| Contributions10/11 | €6,200 | - | €6,200 | - |
| Reserves13 | €46,860 | €101,560 | €101,560 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - |
| Distributable reserves133 | - | - | €99,700 | - |
| Profit (loss) carried forward14 | €984 | €1,042 | €9,857 | ▲ 846% |
| Amounts payable17/49 | €9,403 | €17,191 | €18,348 | ▲ 6.7% |
| Amounts payable within one year42/48 | €8,203 | €15,971 | €16,688 | ▲ 4.5% |
| Trade debts44 | €768 | €7,260 | €7,532 | ▲ 3.8% |
| Suppliers440/4 | - | - | €7,532 | - |
| Taxes, remuneration and social security45 | - | - | €9,156 | - |
| Taxes450/3 | - | - | €9,156 | - |
| Accrued charges and deferred income492/3 | - | - | €1,660 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,844 | €54,757 | €8,816 | ▼ 83.9% |
| + Depreciation and write-downs630 | €1,559 | €1,453 | €1,035 | ▼ 28.7% |
| Operating cash flow (approximation) | €49,404 | €56,210 | €9,851 | ▼ 82.5% |
| Investment in fixed assets (approximation) | - | -€5,012 | €2,965 | - |
| Change in cash | - | €5,461 | -€17,683 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.