DEVAMAT
InactiveFinancials · financial year 2021, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
≈ €1.8m
Estimated: probably between €1.2m and €3.0m
Total assets
€2.0m▼ 20.9%
2020 · €2.5m
Net result
€391,231▲ 179%
2020 · €139,978
Working capital
€1.8m▲ 34.5%
2020 · €1.4m
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 over 5.1 times 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.
Operating result€0.4m
2021
Net result€0.4m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.0m
2021
Equity€1.8m
2021
Debt€0.2m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.8m
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)10.6
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
Operating result-€0.07m--€0.1m▼ 55.1%€0.08m€0.4m▲ 414%
Net result€0.04m-€0.007m▼ 82.2%€0.1m▲ 20×€0.4m▲ 179%
Equity€1.5m-€1.4m▼ 7.9%€1.5m▲ 4.2%€1.8m▲ 25.2%
Total assets€2.5m-€2.4m▼ 3.4%€2.5m▲ 4.9%€2.0m▼ 20.9%
Debt€1.0m-€1.0m▲ 3.7%€1.1m▲ 5.8%€0.2m▼ 84.7%
Working capital€0.8m-€1.0m▲ 32.4%€1.4m▲ 30.8%€1.8m▲ 34.5%
Staff (FTE)9.5-9.1▼ 4.2%9.6▲ 5.5%10.6▲ 10.4%
Turnover and EBIT margin 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 €2.0m
Fixed assets
€135 ▼ 99.9%
Current assets
€2.0m ▼ 17.6%
Equity and liabilities €2.0m
Equity
€1.8m ▲ 25.2%
Debt
€162,115 ▼ 84.7%
Debt's share of the balance-sheet total falls from 42.0% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€484,290▲
2020 · €339,414
Cash flow
€489,724▲
2020 · €404,386
Current ratio
12.27▲
2020 · 2.29
Debt to equity
0.09
ROE
21.4%▲
2020 · 9.6%
ROA
19.7%▲
2020 · 5.6%
Interest coverage
27.49
Debt ≤ 1 year
€162,115▼
2020 · €1.1m
Staff costs
€567,449
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 |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.03m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.6m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.3m | €0.1m | ▼ 62.7% |
| Other operating charges640/8 | - | - | - | €0.001m | - |
| Non-recurring operating charges66A | - | - | - | €0.001m | - |
| Gross operating margin9900 | €0.8m | €0.8m | €0.8m | €1.1m | ▲ 32.6% |
| Operating profit (loss)9901 | -€0.07m | -€0.1m | €0.08m | €0.4m | ▲ 414% |
| Financial income75/76B | - | - | - | €0.02m | - |
| Recurring financial income75 | €0.1m | €0.1m | €0.08m | €0.02m | ▼ 71.8% |
| Financial charges65/66B | - | - | - | €0.02m | - |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 4.7% |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.007m | €0.1m | €0.4m | ▲ 179% |
| Income taxes67/77 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €0.04m | €0.007m | €0.1m | €0.4m | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.003m | €0.1m | €0.4m | ▲ 179% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.5m | €2.4m | €2.5m | €2.0m | ▼ 20.9% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €0.7m | €0.4m | €0.1m | €135 | ▼ 99.9% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0.7m | €0.4m | €0.1m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0 | - |
| Furniture and vehicles24 | - | - | - | €0 | - |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €1.7m | €2.0m | €2.4m | €2.0m | ▼ 17.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.2m | €1.4m | €1.1m | €1.3m | ▲ 19.1% |
| Trade receivables40 | - | - | - | €0.4m | - |
| Other amounts receivable41 | - | - | - | €0.9m | - |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €1.3m | €0.7m | ▼ 47.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.5m | €2.4m | €2.5m | €2.0m | ▼ 20.9% |
| Equity10/15 | €1.5m | €1.4m | €1.5m | €1.8m | ▲ 25.2% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | - |
| Reserves13 | €0.2m | €0.2m | €0.4m | €0.8m | ▲ 107% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | - |
| Distributable reserves133 | - | - | - | €0.7m | - |
| Profit (loss) carried forward14 | €0 | - | - | - | - |
| Investment grants15 | - | - | - | €1.0m | - |
| Amounts payable17/49 | €1.0m | €1.0m | €1.1m | €0.2m | ▼ 84.7% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €1.1m | €0.2m | ▼ 84.7% |
| Trade debts44 | €0.04m | €0.04m | €0.07m | €0.03m | ▼ 51.7% |
| Suppliers440/4 | - | - | - | €0.03m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | - |
| Taxes450/3 | - | - | - | €0.1m | - |
| Remuneration and social security454/9 | - | - | - | €0.02m | - |
| Other amounts payable47/48 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,759 | €6,905 | €139,978 | €391,231 | ▲ 179% |
| + Depreciation and write-downs630 | €377,242 | €373,792 | €264,408 | €98,492 | ▼ 62.7% |
| Operating cash flow (approximation) | €416,001 | €380,696 | €404,386 | €489,724 | ▲ 21.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €1,829 | - |
| Change in cash | - | €68,358 | €736,601 | -€633,197 | - |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | abbreviated format | 14-07-2022 | 2022-20185433 |
| 31-12-2020 | abbreviated format | 15-07-2021 | 2021-37200262 |
| 31-12-2019 | abbreviated format | 07-10-2020 | 2020-59600186 |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56900121 |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-35200596 |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-37000120 |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-38200174 |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-52100019 |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-56400447 |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-47300474 |
Subsidies and aid
Flemish government
2022 · 1 entry · €617 awarded · €617 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.