DEVATRA
InactiveFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 03-07-2024 PDF all 47 filings
Turnover
≈ €2.5m
Estimated: probably between €1.7m and €4.2m
Total assets
€1.6m▼ 32.0%
2022 · €2.4m
Net result
€175,928▲ 92.5%
2022 · €91,405
Working capital
€1.2m▲ 31.9%
2022 · €916,570
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€244,443
▲ 108%
2023
20182023
Net result
€175,928
▲ 92.5%
2023
20182023
Equity
€1.5m
▲ 13.6%
2023
20182023
Total assets
€1.6m
▼ 32.0%
2023
20182023
Debt
€139,849
▼ 87.0%
2023
20182023
Working capital
€1.2m
▲ 31.9%
2023
20182023
Staff (FTE)
16.3
=
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.04m-€0.1m▲ 211%€0.2m▲ 24.8%€0.1m▼ 33.3%€0.1m▲ 16.5%€0.2m▲ 108%
Net result€0.02m-€0.1m▲ 327%€0.1m▲ 0.7%€0.09m▼ 8.1%€0.09m▲ 3.0%€0.2m▲ 92.5%
Equity€1.4m-€1.0m▼ 28.0%€1.1m▲ 9.5%€1.2m▲ 8.0%€1.3m▲ 7.6%€1.5m▲ 13.6%
Total assets€2.2m-€2.2m▲ 2.3%€1.9m▼ 11.9%€2.1m▲ 8.0%€2.4m▲ 12.8%€1.6m▼ 32.0%
Debt€0.7m-€1.2m▲ 60.2%€0.8m▼ 30.2%€0.9m▲ 8.0%€1.1m▲ 19.9%€0.1m▼ 87.0%
Working capital€1.0m-€0.7m▼ 31.8%€0.8m▲ 17.6%€0.8m▼ 2.2%€0.9m▲ 15.7%€1.2m▲ 31.9%
Staff (FTE)16.3-15.8▼ 3.1%15.9▲ 0.6%16.2▲ 1.9%16.3▲ 0.6%16.3=
The operating result for 2023 is 108% higher than in 2022 and the highest since 2019. It is the second rise in a row, after the fall in 2021.
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
2023 in colour, 2022 as the grey bar beneath
Assets €1.6m
Fixed assets
€262,938 ▼ 60.8%
Current assets
€1.3m ▼ 20.7%
Equity and liabilities €1.6m
Equity
€1.5m ▲ 13.6%
Debt
€139,849 ▼ 87.0%
Debt's share of the balance-sheet total falls from 45.4% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€332,070▲
2022 · €285,433
Cash flow
€263,555▲
2022 · €259,398
Current ratio
9.64▲
2022 · 2.17
Debt to equity
0.10▼
2022 · 0.83
ROE
12.0%▲
2022 · 7.1%
ROA
10.9%▲
2022 · 3.9%
Interest coverage
21.87▼
2022 · 23.14
Debt ≤ 1 year
€139,849▼
2022 · €784,137
Income taxes
€64,805▲
2022 · €19,372
Staff costs
€1.0m▼
2022 · €1.1m
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 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 16 | 16 | 6 |
| full-time | 16 | 16 | 6 |
| part-time | 0 | 0 | - |
| in full-time equivalents | 16 | 16 | 6 |
| Average over the year, in full-time equivalents | 16.2 | 16.3 | 13.8 |
| On a permanent contract | 16 | 16 | 6 |
| Joined | 4 | 3 | 4 |
| Left | 4 | 3 | 14 |
| Training hours | 269 | 247 | 8 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €316,875 | €125,884 | €15,234 |
| Financial fixed assets | €270 | - | - |
| Depreciation and write-downs of the year | €186,668 | €167,994 | €87,627 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €5,690 awarded · €5,250 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €3,000 | €3,000 |
| 2022 | 1 | €2,690 | €2,250 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.001m | €0.006m | €0.3m | ▲ 55× |
| Remuneration, social security and pensions62 | - | - | - | €1.1m | €1.1m | €1.0m | ▼ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.09m | ▼ 47.8% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | ▲ 5.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.08m | - |
| Gross operating margin9900 | €1.3m | €1.4m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 4.9% |
| Operating profit (loss)9901 | €0.04m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 108% |
| Financial income75/76B | - | - | - | €0.005m | €0.006m | €0.01m | ▲ 102% |
| Recurring financial income75 | €0.005m | €0.005m | €0.005m | €0.005m | €0.006m | €0.01m | ▲ 102% |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.02m | ▲ 23.1% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 23.1% |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.1m | €0.1m | €0.09m | €0.1m | €0.2m | ▲ 117% |
| Income taxes67/77 | €0.003m | €0.01m | €0.05m | €0.003m | €0.02m | €0.06m | ▲ 235% |
| Profit (loss) for the period9904 | €0.02m | €0.1m | €0.1m | €0.09m | €0.09m | €0.2m | ▲ 92.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.1m | €0.2m | €0.09m | €0.09m | €0.2m | ▲ 92.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.2m | €2.2m | €1.9m | €2.1m | €2.4m | €1.6m | ▼ 32.0% |
| Fixed assets21/28 | €0.7m | €0.6m | €0.6m | €0.7m | €0.7m | €0.3m | ▼ 60.8% |
| Tangible fixed assets22/27 | €0.7m | €0.6m | €0.6m | €0.7m | €0.7m | €0.3m | ▼ 61.0% |
| Land and buildings22 | - | - | - | €0.3m | €0.2m | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €0.002m | €0.02m | ▲ 890% |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.4m | €0.2m | ▼ 41.7% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | ▼ 11.5% |
| Current assets29/58 | €1.5m | €1.6m | €1.4m | €1.4m | €1.7m | €1.3m | ▼ 20.7% |
| Stocks and contracts in progress3 | - | €179 | €179 | €179 | €179 | - | - |
| Contracts in progress37 | - | - | - | €179 | €179 | - | - |
| Amounts receivable within one year40/41 | €0.6m | €0.7m | €0.6m | €0.7m | €0.7m | €0.4m | ▼ 49.6% |
| Trade receivables40 | - | - | - | €0.7m | €0.6m | €0.3m | ▼ 54.1% |
| Other amounts receivable41 | - | - | - | €0.004m | €0.08m | €0.07m | ▼ 13.2% |
| Cash at bank and in hand54/58 | €0.8m | €0.8m | €0.7m | €0.7m | €0.9m | €1.0m | ▲ 9.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.08m | €0.008m | ▼ 90.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.2m | €2.2m | €1.9m | €2.1m | €2.4m | €1.6m | ▼ 32.0% |
| Equity10/15 | €1.4m | €1.0m | €1.1m | €1.2m | €1.3m | €1.5m | ▲ 13.6% |
| Contributions10/11 | €0.6m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.8m | €0.9m | €1.0m | €1.1m | €1.2m | €1.4m | ▲ 14.7% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.08m | €0.08m | €0.08m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.1m | €1.3m | ▲ 16.0% |
| Amounts payable17/49 | €0.7m | €1.2m | €0.8m | €0.9m | €1.1m | €0.1m | ▼ 87.0% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | - | - |
| Other amounts payable178/9 | - | - | - | €0.3m | €0.3m | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.9m | €0.6m | €0.6m | €0.8m | €0.1m | ▼ 82.2% |
| Trade debts44 | €0.3m | €0.8m | €0.4m | €0.4m | €0.6m | €0.006m | ▼ 99.0% |
| Suppliers440/4 | - | - | - | €0.4m | €0.6m | €0.006m | ▼ 99.0% |
| Advances received on contracts in progress46 | - | - | - | - | €200 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.09m | €0.1m | ▲ 49.4% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.06m | ▲ 216% |
| Remuneration and social security454/9 | - | - | - | €0.07m | €0.07m | €0.07m | ▼ 0.1% |
| Other amounts payable47/48 | - | - | - | €0.07m | €0.1m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.05m | €0.04m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,460 | €95,910 | €96,609 | €88,748 | €91,405 | €175,928 | ▲ 92.5% |
| + Depreciation and write-downs630 | €314,069 | €272,797 | €210,802 | €186,668 | €167,994 | €87,627 | ▼ 47.8% |
| Operating cash flow (approximation) | €336,528 | €368,707 | €307,411 | €275,416 | €259,398 | €263,555 | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | -€200,062 | -€178,236 | -€317,010 | -€125,884 | €319,677 | - |
| Change in cash | - | €54,523 | -€118,177 | -€27,309 | €210,000 | €83,431 | ▼ 60.3% |
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 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 03-07-2024 | 2024-00207968 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00255439 | |
| 31-12-2021 | abbreviated format | 18-08-2022 | 2022-20298534 | |
| 31-12-2020 | abbreviated format | 29-09-2021 | 2021-69500016 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-46500374 | |
| 31-12-2018 | abbreviated format | 05-06-2019 | 2019-16300286 | |
| 31-12-2017 | abbreviated format | 16-08-2018 | 2018-46200303 | |
| 31-12-2016 | abbreviated format | 23-06-2017 | 2017-20900589 | |
| 31-12-2015 | abbreviated format | 07-06-2016 | 2016-16000027 | |
| 31-12-2014 | abbreviated format | 08-06-2015 | 2015-15600257 |