DENIMO
InactiveFinancials · financial year 2022, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€307,920▲ 1,154%
2021 · €24,558
Working capital
-€578,878▼ 64.4%
2021 · -€352,117
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 846% above 2021 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.
Operating result€0.3m
2022
Net result€0.3m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.5m
2022
Equity€2.3m
2022
Debt€3.1m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.6m
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€0.3m-€0.02m▼ 94.0%€0.01m▼ 37.8%€0.03m▲ 259%€0.3m▲ 846%
Net result€0.2m-€0.03m▼ 82.8%€0.006m▼ 82.6%€0.02m▲ 344%€0.3m▲ 1,154%
Equity€0.4m-€0.4m▲ 8.2%€0.4m▲ 1.3%€0.4m▲ 5.8%€2.3m▲ 422%
Total assets€1.8m-€1.2m▼ 30.4%€1.1m▼ 11.7%€1.0m▼ 6.4%€5.5m▲ 434%
Debt€1.4m-€0.8m▼ 41.1%€0.7m▼ 18.3%€0.6m▼ 14.1%€3.1m▲ 444%
Working capital-€0.4m--€0.4m▲ 9.2%-€0.4m▲ 0.3%-€0.4m▲ 6.8%-€0.6m▼ 64.4%
Why a figure moved sharply
- 2019 Net result -83% on 2018. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €5.5m
Fixed assets
€5.3m ▲ 423%
Current assets
€182,000 ▲ 1,343%
Equity and liabilities €5.5m
Equity
€2.3m ▲ 422%
Debt
€3.1m ▲ 444%
Debt's share of the balance-sheet total rises from 56.3% to 57.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€402,541▲
2021 · €110,712
Cash flow
€384,291▲
2021 · €100,797
Current ratio
0.24▲
2021 · 0.03
Debt to equity
1.34▲
2021 · 1.29
ROE
13.2%▲
2021 · 5.5%
ROA
5.6%▲
2021 · 2.4%
Interest coverage
22.03▼
2021 · over 100
Debt ≤ 1 year
€760,877▲
2021 · €364,726
Debt > 1 year
€2.4m▲
2021 · €212,500
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,236 | €76,236 | €76,237 | €76,239 | €76,372 | ▲ 0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€1,247 | - | - |
| Other operating charges640/8 | - | - | - | €11,494 | €10,918 | ▼ 5.0% |
| Gross operating margin9900 | €346,487 | €103,467 | €101,470 | €120,959 | €413,459 | ▲ 242% |
| Operating profit (loss)9901 | €257,226 | €15,469 | €9,615 | €34,473 | €326,169 | ▲ 846% |
| Financial income75/76B | - | - | - | €94 | €26 | ▼ 72.7% |
| Recurring financial income75 | €1 | €40,104 | €36 | €94 | €26 | ▼ 72.7% |
| Financial charges65/66B | - | - | - | €726 | €18,275 | ▲ 2,418% |
| Recurring financial charges65 | €45,964 | €1,796 | €1,215 | €726 | €18,275 | ▲ 2,418% |
| Profit (loss) for the period before taxes9903 | €211,263 | €53,777 | €8,436 | €33,841 | €307,920 | ▲ 810% |
| Income taxes67/77 | €27,000 | €22,055 | €2,907 | €9,283 | - | - |
| Profit (loss) for the period9904 | €184,263 | €31,722 | €5,529 | €24,558 | €307,920 | ▲ 1,154% |
| Profit (loss) for the period to be appropriated9905 | €184,263 | €31,722 | €5,529 | €24,558 | €307,920 | ▲ 1,154% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.2m | €1.1m | €1.0m | €5.5m | ▲ 434% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.0m | €5.3m | ▲ 423% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €1.0m | €3.2m | ▲ 213% |
| Land and buildings22 | - | - | - | €1.0m | €3.2m | ▲ 213% |
| Financial fixed assets28 | - | - | - | - | €2.1m | - |
| Current assets29/58 | €0.5m | €0.08m | €0.006m | €0.01m | €0.2m | ▲ 1,343% |
| Amounts receivable within one year40/41 | €0.001m | - | - | €0.01m | €0.2m | ▲ 1,235% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.2m | ▲ 1,235% |
| Current investments50/53 | €0.5m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.09m | €0.08m | €0.006m | €205 | €0.02m | ▲ 7,903% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.2m | €1.1m | €1.0m | €5.5m | ▲ 434% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.4m | €2.3m | ▲ 422% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | = |
| Revaluation surpluses12 | - | - | - | - | €2.2m | - |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.3m | €0.001m | ▼ 99.6% |
| Amounts payable17/49 | €1.4m | €0.8m | €0.7m | €0.6m | €3.1m | ▲ 444% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.3m | €0.2m | €2.4m | ▲ 1,019% |
| Financial debts170/4 | - | - | - | €0.2m | €2.4m | ▲ 1,019% |
| Amounts payable within one year42/48 | €1.0m | €0.5m | €0.4m | €0.4m | €0.8m | ▲ 109% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.03m | ▼ 61.3% |
| Trade debts44 | €0.008m | €0.008m | €0.02m | €0.004m | €0.005m | ▲ 22.6% |
| Suppliers440/4 | - | - | - | €0.004m | €0.005m | ▲ 22.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.009m | ▼ 20.0% |
| Taxes450/3 | - | - | - | €0.01m | €0.009m | ▼ 20.0% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.7m | ▲ 167% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.03m | €0.006m | €0.02m | €0.3m | ▲ 1,154% |
| + Depreciation and write-downs630 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 0.2% |
| Operating cash flow (approximation) | €0.3m | €0.1m | €0.08m | €0.1m | €0.4m | ▲ 281% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4.4m | - |
| Change in cash | - | -€0.01m | -€0.07m | -€0.006m | €0.02m | - |
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 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 08-03-2023 | 2023-00036952 |
| 31-12-2021 | full format | 27-04-2022 | 2022-20012169 |
| 31-12-2020 | micro format | 11-04-2021 | 2021-10200014 |
| 31-12-2019 | micro format | 28-05-2020 | 2020-13400130 |
| 31-12-2018 | abbreviated format | 28-05-2019 | 2019-14900420 |
| 31-12-2017 | abbreviated format | 07-05-2018 | 2018-12400140 |
| 31-12-2016 | abbreviated format | 15-06-2017 | 2017-17700542 |
| 31-12-2015 | abbreviated format | 16-05-2016 | 2016-12500040 |
| 31-12-2014 | abbreviated format | 12-05-2015 | 2015-11700070 |
| 31-12-2013 | abbreviated format | 22-05-2014 | 2014-13000162 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.