DEVOTEAM MANAGEMENT CONSULTING
InactiveFinancials · financial year 2022, full format
Turnover
€1.4m▼ 63.0%
2021 · €3.7m
EBIT margin
3.7%▲ 8.7pp
2021 · -5.1%
Net result
€64,579
2021 · -€190,131
Working capital
€341,913▲ 27.7%
2021 · €267,668
Trend over the years
2018 to 2022, 5 financial years
The operating result returns to profit in 2022: €49,548 after a loss of €186,689 in 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€1.4m
2022
Operating result€0.05m
2022
Net result€0.06m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.8m
2022
Equity€0.4m
2022
Debt€0.4m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin3.7%
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)11.6
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
Turnover€0.8m-€2.9m▲ 241%€4.9m▲ 71.9%€3.7m▼ 25.8%€1.4m▼ 63.0%
Operating result-€0.4m-€0.05m€0.6m▲ 13×-€0.2m€0.05m
Net result-€0.4m-€0.04m€0.5m▲ 12×-€0.2m€0.06m
EBIT margin-42.2%-1.7%▲ 43.9pp12.3%▲ 10.7pp-5.1%▼ 17.4pp3.7%▲ 8.7pp
Equity-€0.06m-€0.1m€0.5m▲ 260%€0.3m▼ 39.9%€0.4m▲ 22.6%
Total assets€0.4m-€1.0m▲ 143%€1.3m▲ 36.4%€0.8m▼ 40.3%€0.8m▼ 6.2%
Debt€0.5m-€0.9m▲ 84.4%€0.9m▲ 1.9%€0.5m▼ 40.5%€0.4m▼ 22.0%
Working capital€0.08m-€0.2m▲ 152%€0.5m▲ 154%€0.3m▼ 49.2%€0.3m▲ 27.7%
Staff (FTE)4.5-10.6▲ 136%15.9▲ 50.0%16.9▲ 6.3%11.6▼ 31.4%
Why a figure moved sharply
- 2022 Turnover -63% on 2021. This financial year ran 6 months, the previous one 12.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €755,930
Fixed assets
€8,513 ▼ 55.5%
Current assets
€747,417 ▼ 5.0%
Equity and liabilities €755,930
Equity
€350,426 ▲ 22.6%
Debt
€405,504 ▼ 22.0%
Debt's share of the balance-sheet total falls from 64.5% to 53.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,364▲
2021 · -€172,658
Cash flow
€70,395▲
2021 · -€176,100
Current ratio
1.84▲
2021 · 1.52
Debt to equity
1.16▼
2021 · 1.82
ROE
18.4%▲
2021 · -66.5%
ROA
8.5%▲
2021 · -23.6%
Interest coverage
over 100▲
2021 · -125.84
Debt ≤ 1 year
€405,504▼
2021 · €519,133
Income taxes
€1,582▼
2021 · €2,070
Staff costs
€473,226▼
2021 · €1.6m
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €0.8m | €2.9m | €5.0m | €3.7m | €1.4m | ▼ 62.0% |
| Turnover70 | €0.8m | €2.9m | €4.9m | €3.7m | €1.4m | ▼ 63.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €0.009m | -€0.009m | €0.04m | -€0.04m | - |
| Other operating income74 | €0.005m | €0.03m | €0.09m | €0.04m | €0.1m | ▲ 169% |
| Operating charges60/66A | €1.2m | €2.9m | €4.4m | €3.9m | €1.4m | ▼ 65.0% |
| Goods for resale, raw materials and consumables60 | €0.7m | €1.7m | €2.6m | €1.8m | €0.6m | ▼ 65.8% |
| Services and other goods61 | €0.2m | €0.3m | €0.5m | €0.5m | €0.3m | ▼ 45.3% |
| Remuneration, social security and pensions62 | €0.3m | €0.8m | €1.3m | €1.6m | €0.5m | ▼ 70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.002m | €0.008m | €0.01m | €0.01m | €0.006m | ▼ 58.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.003m | - | - | - |
| Other operating charges640/8 | €0.001m | €478 | €348 | €0.001m | €141 | ▼ 85.4% |
| Operating profit (loss)9901 | -€0.4m | €0.05m | €0.6m | -€0.2m | €0.05m | - |
| Recurring financial income75 | - | - | €1 | - | €0.02m | - |
| Other financial income752/9 | - | - | €1 | - | €0.02m | - |
| Financial charges65/66B | €0.003m | €0.007m | €0.007m | €0.001m | €27 | ▼ 98.0% |
| Recurring financial charges65 | €0.003m | €0.007m | €0.007m | €0.001m | €27 | ▼ 98.0% |
| Debt charges650 | €0.003m | €0.007m | €0.007m | €0.001m | €27 | ▼ 98.0% |
| Profit (loss) for the period before taxes9903 | -€0.4m | €0.04m | €0.6m | -€0.2m | €0.07m | - |
| Income taxes67/77 | - | €0.001m | €0.1m | €0.002m | €0.002m | ▼ 23.6% |
| Taxes670/3 | - | €0.001m | €0.1m | €0.003m | €0.002m | ▼ 46.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.001m | - | - |
| Profit (loss) for the period9904 | -€0.4m | €0.04m | €0.5m | -€0.2m | €0.06m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.4m | €0.04m | €0.5m | -€0.2m | €0.06m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.4m | €1.0m | €1.3m | €0.8m | €0.8m | ▼ 6.2% |
| Fixed assets21/28 | €0.01m | €0.02m | €0.02m | €0.02m | €0.009m | ▼ 55.5% |
| Tangible fixed assets22/27 | €0.01m | €0.02m | €0.02m | €0.02m | €0.009m | ▼ 55.5% |
| Plant, machinery and equipment23 | €0.01m | €0.02m | €0.02m | €0.01m | €0.009m | ▼ 38.3% |
| Furniture and vehicles24 | - | €0.003m | €0.005m | €0.005m | - | - |
| Current assets29/58 | €0.4m | €1.0m | €1.3m | €0.8m | €0.7m | ▼ 5.0% |
| Stocks and contracts in progress3 | - | €0.009m | - | €0.04m | - | - |
| Contracts in progress37 | - | €0.009m | - | €0.04m | - | - |
| Amounts receivable within one year40/41 | €0.4m | €0.8m | €1.0m | €0.5m | €0.4m | ▼ 16.6% |
| Trade receivables40 | €0.4m | €0.8m | €1.0m | €0.5m | €0.4m | ▼ 16.6% |
| Other amounts receivable41 | - | €0.03m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.09m | €0.3m | €0.3m | €0.3m | ▲ 26.8% |
| Deferred charges and accrued income490/1 | €0.01m | €0.02m | €0.02m | €0.008m | €0.02m | ▲ 145% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.4m | €1.0m | €1.3m | €0.8m | €0.8m | ▼ 6.2% |
| Equity10/15 | -€0.06m | €0.1m | €0.5m | €0.3m | €0.4m | ▲ 22.6% |
| Contributions10/11 | €0.3m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | €0.3m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | €0.3m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | - | - | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | -€0.4m | €0.03m | €0.4m | €0.2m | €0.2m | ▲ 40.1% |
| Amounts payable17/49 | €0.5m | €0.9m | €0.9m | €0.5m | €0.4m | ▼ 22.0% |
| Amounts payable after more than one year17 | €0.2m | - | - | - | - | - |
| Other amounts payable178/9 | €0.2m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.8m | €0.8m | €0.5m | €0.4m | ▼ 21.9% |
| Trade debts44 | €0.2m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 0.1% |
| Suppliers440/4 | €0.2m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 0.1% |
| Taxes, remuneration and social security45 | €0.07m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 50.0% |
| Taxes450/3 | €0.03m | - | €0.03m | €0.02m | €0.006m | ▼ 71.0% |
| Remuneration and social security454/9 | €0.05m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 47.9% |
| Other amounts payable47/48 | - | €0.3m | €0.2m | - | - | - |
| Accrued charges and deferred income492/3 | - | €0.1m | €0.08m | €0.001m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€357,976 | €40,042 | €493,912 | -€190,131 | €64,579 | - |
| + Depreciation and write-downs630 | €2,396 | €7,526 | €13,541 | €14,031 | €5,816 | ▼ 58.5% |
| Operating cash flow (approximation) | -€355,580 | €47,568 | €507,453 | -€176,100 | €70,395 | - |
| Investment in fixed assets (approximation) | - | -€17,484 | -€15,291 | -€9,309 | €4,811 | - |
| Change in cash | - | €70,149 | €238,632 | -€78,593 | €67,447 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2022 | full format | 15-12-2022 | 2022-20540172 |
| 31-12-2021 | full format | 22-06-2022 | 2022-20095989 |
| 31-12-2020 | full format | 28-06-2021 | 2021-28200273 |
| 31-12-2019 | full format | 02-07-2020 | 2020-25000536 |
| 31-12-2018 | full format | 20-06-2019 | 2019-20300430 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.