DIME
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 31-05-2024 PDF all 20 filings
Equity
€202,204▼ 27.5%
2022 · €278,789
Total assets
€629,840▼ 5.5%
2022 · €666,757
Net result
-€76,585▼ 223%
2022 · -€23,728
Working capital
€241,806▼ 25.9%
2022 · €326,238
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€64,682
▼ 347%
2023
20182023
Net result
-€76,585
▼ 223%
2023
lowest quarter of the sector
20182023
Equity
€202,204
▼ 27.5%
2023
highest quarter of the sector
20182023
Total assets
€629,840
▼ 5.5%
2023
highest quarter of the sector
20182023
Debt
€427,637
▲ 10.2%
2023
20182023
Working capital
€241,806
▼ 25.9%
2023
highest quarter of the sector
20182023
Solvency
32.1%
▼ 9.7pp
2023
middle half of the sector
20182023
Current ratio
1.78
▼ 0.48
2023
middle half of the sector
20182023
Return on assets (ROA)
-12.2%
▼ 8.6pp
2023
lowest quarter of the sector
20182023
Staff (FTE)
2
=
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€851-€4,885▲ 474%€26,178▲ 436%€4,265▼ 83.7%-€14,473-€64,682▼ 347%
Net result-€5,511--€1,694▲ 69.3%€18,458within the sector's middle half€1,319within the sector's middle half▼ 92.9%-€23,728below the sector's middle half-€76,585below the sector's middle half▼ 223%
Equity€284,433-€282,740▼ 0.6%€301,198above the sector's middle half▲ 6.5%€302,517above the sector's middle half▲ 0.4%€278,789above the sector's middle half▼ 7.8%€202,204above the sector's middle half▼ 27.5%
Total assets€604,167-€574,580▼ 4.9%€544,508above the sector's middle half▼ 5.2%€540,598above the sector's middle half▼ 0.7%€666,757above the sector's middle half▲ 23.3%€629,840above the sector's middle half▼ 5.5%
Debt€319,734-€291,841▼ 8.7%€243,310▼ 16.6%€238,081▼ 2.1%€387,968▲ 63.0%€427,637▲ 10.2%
Working capital€212,242-€209,531▼ 1.3%€230,685above the sector's middle half▲ 10.1%€238,061above the sector's middle half▲ 3.2%€326,238above the sector's middle half▲ 37.0%€241,806above the sector's middle half▼ 25.9%
Solvency47.1%-49.2%▲ 2.1pp55.3%within the sector's middle half▲ 6.1pp56.0%within the sector's middle half▲ 0.6pp41.8%within the sector's middle half▼ 14.1pp32.1%within the sector's middle half▼ 9.7pp
Current ratio1.75-1.75=1.95within the sector's middle half▲ 0.202.00within the sector's middle half▲ 0.052.25within the sector's middle half▲ 0.251.78within the sector's middle half▼ 0.48
Return on assets (ROA)-0.9%--0.3%▲ 0.6pp3.4%within the sector's middle half▲ 3.7pp0.2%within the sector's middle half▼ 3.1pp-3.6%below the sector's middle half▼ 3.8pp-12.2%below the sector's middle half▼ 8.6pp
Staff (FTE)2.6-3.2▲ 23.1%2.8above the sector's middle half▼ 12.5%2.4▼ 14.3%2▼ 16.7%2=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €64,682, larger than the loss of €14,473 in 2022. It is the lowest result since 2019.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €629,840
Fixed assets
€76,189 ▼ 4.5%
Current assets
€553,652 ▼ 5.7%
Equity and liabilities €629,840
Equity
€202,204 ▼ 27.5%
Debt
€427,637 ▲ 10.2%
Debt's share of the balance-sheet total rises from 58.2% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€53,602▼
2022 · -€4,118
Cash flow
-€65,505▼
2022 · -€13,374
Quick ratio
0.50▼
2022 · 0.71
Debt to equity
2.11▲
2022 · 1.39
ROE
-37.9%▼
2022 · -8.5%
Interest coverage
-4.44▼
2022 · -0.56
Debt ≤ 1 year
€311,845▲
2022 · €260,731
Debt > 1 year
€115,791▼
2022 · €127,237
Income taxes
€847▼
2022 · €2,538
Staff costs
€46,536▲
2022 · €43,379
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 | 3 | 2 | 2 |
| full-time | 1 | - | - |
| part-time | 2 | 2 | 2 |
| in full-time equivalents | 2.4 | 1.4 | 1.4 |
| Average over the year, in full-time equivalents | 2.4 | 1.4 | 1.4 |
| On a permanent contract | 3 | 2 | 2 |
| Joined | - | 1 | - |
| Left | - | 2 | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 |
| Carrying value of the mortgaged assets | €57,138 | €53,333 | €57,850 |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €1,768 | €25,477 | €7,481 |
| Financial fixed assets | - | €50 | - |
| Depreciation and write-downs of the year | €8,816 | €10,355 | €11,080 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,694 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €77,730 | €43,379 | €46,536 | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,065 | €22,065 | €22,482 | €8,816 | €10,355 | €11,080 | ▲ 7.0% |
| Other operating charges640/8 | - | - | - | €2,492 | €3,765 | €3,476 | ▼ 7.7% |
| Non-recurring operating charges66A | - | - | - | - | €743 | - | - |
| Gross operating margin9900 | €108,734 | €126,448 | €121,244 | €93,303 | €43,770 | -€3,591 | - |
| Operating profit (loss)9901 | €851 | €4,885 | €26,178 | €4,265 | -€14,473 | -€64,682 | ▼ 347% |
| Financial income75/76B | - | - | - | €31 | €599 | €1,009 | ▲ 68.5% |
| Recurring financial income75 | €296 | €128 | €75 | €31 | €599 | €1,009 | ▲ 68.5% |
| Financial charges65/66B | - | - | - | €3,605 | €7,316 | €12,065 | ▲ 64.9% |
| Recurring financial charges65 | €5,949 | €5,941 | €5,290 | €3,605 | €7,316 | €12,065 | ▲ 64.9% |
| Profit (loss) for the period before taxes9903 | -€4,801 | -€929 | €20,963 | €691 | -€21,190 | -€75,738 | ▼ 257% |
| Transfer to deferred taxes680 | - | - | - | - | €0 | - | - |
| Income taxes67/77 | €709 | €765 | €2,505 | -€628 | €2,538 | €847 | ▼ 66.6% |
| Profit (loss) for the period9904 | -€5,511 | -€1,694 | €18,458 | €1,319 | -€23,728 | -€76,585 | ▼ 223% |
| Profit (loss) for the period to be appropriated9905 | -€5,511 | -€1,694 | €18,458 | €1,319 | -€23,728 | -€76,585 | ▼ 223% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €604,167 | €574,580 | €544,508 | €540,598 | €666,757 | €629,840 | ▼ 5.5% |
| Fixed assets21/28 | €109,477 | €87,412 | €71,662 | €64,615 | €79,788 | €76,189 | ▼ 4.5% |
| Tangible fixed assets22/27 | €109,457 | €87,392 | €71,642 | €64,595 | €79,718 | €76,119 | ▼ 4.5% |
| Land and buildings22 | - | - | - | €58,116 | €53,333 | €56,618 | ▲ 6.2% |
| Plant, machinery and equipment23 | - | - | - | €3,302 | €2,402 | €1,502 | ▼ 37.5% |
| Furniture and vehicles24 | - | - | - | €3,177 | €23,983 | €17,999 | ▼ 25.0% |
| Financial fixed assets28 | €20 | €20 | €20 | €20 | €70 | €70 | = |
| Current assets29/58 | €494,690 | €487,168 | €472,846 | €475,983 | €586,969 | €553,652 | ▼ 5.7% |
| Stocks and contracts in progress3 | €404,491 | €420,259 | €417,483 | €416,538 | €403,112 | €398,623 | ▼ 1.1% |
| Stocks30/36 | - | - | - | €416,538 | €403,112 | €398,623 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €17,990 | €42,374 | €14,823 | €13,441 | €141,680 | €120,429 | ▼ 15.0% |
| Trade receivables40 | - | - | - | €6,737 | €14,099 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €6,704 | €127,581 | €120,429 | ▼ 5.6% |
| Cash at bank and in hand54/58 | €67,264 | €22,700 | €38,750 | €45,440 | €41,225 | €34,028 | ▼ 17.5% |
| Deferred charges and accrued income490/1 | - | - | - | €565 | €952 | €572 | ▼ 40.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €604,167 | €574,580 | €544,508 | €540,598 | €666,757 | €629,840 | ▼ 5.5% |
| Equity10/15 | €284,433 | €282,740 | €301,198 | €302,517 | €278,789 | €202,204 | ▼ 27.5% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €22,000 | ▲ 10.0% |
| Contributions outside capital11 | - | - | - | - | €20,000 | €22,000 | ▲ 10.0% |
| Other1109/19 | - | - | - | - | €20,000 | €22,000 | ▲ 10.0% |
| Reserves13 | €264,433 | €262,740 | €281,198 | €282,517 | €282,517 | €280,517 | ▼ 0.7% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | - | €37,500 | €37,500 | €37,500 | = |
| Distributable reserves133 | - | - | - | €243,017 | €243,017 | €243,017 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€23,728 | -€100,313 | ▼ 323% |
| Amounts payable17/49 | €319,734 | €291,841 | €243,310 | €238,081 | €387,968 | €427,637 | ▲ 10.2% |
| Amounts payable after more than one year17 | €36,658 | €13,357 | - | - | €127,237 | €115,791 | ▼ 9.0% |
| Financial debts170/4 | - | - | - | - | €127,237 | €115,791 | ▼ 9.0% |
| Amounts payable within one year42/48 | €282,448 | €277,636 | €242,161 | €237,922 | €260,731 | €311,845 | ▲ 19.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €185,000 | €196,246 | €196,445 | ▲ 0.1% |
| Trade debts44 | €11,844 | €27,766 | €11,444 | €14,307 | €36,054 | €28,202 | ▼ 21.8% |
| Suppliers440/4 | - | - | - | €14,307 | €36,054 | €28,202 | ▼ 21.8% |
| Taxes, remuneration and social security45 | - | - | - | €38,615 | €27,765 | €34,163 | ▲ 23.0% |
| Taxes450/3 | - | - | - | €26,859 | €18,295 | €25,965 | ▲ 41.9% |
| Remuneration and social security454/9 | - | - | - | €11,756 | €9,470 | €8,197 | ▼ 13.4% |
| Other amounts payable47/48 | - | - | - | €0 | €666 | €53,035 | ▲ 80× |
| Accrued charges and deferred income492/3 | - | - | - | €159 | €0 | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,511 | -€1,694 | €18,458 | €1,319 | -€23,728 | -€76,585 | ▼ 223% |
| + Depreciation and write-downs630 | €22,065 | €22,065 | €22,482 | €8,816 | €10,355 | €11,080 | ▲ 7.0% |
| Operating cash flow (approximation) | €16,554 | €20,371 | €40,940 | €10,135 | -€13,374 | -€65,505 | ▼ 390% |
| Investment in fixed assets (approximation) | - | €0 | -€6,731 | -€1,768 | -€25,527 | -€7,481 | ▲ 70.7% |
| Change in cash | - | -€44,564 | €16,049 | €6,690 | -€4,215 | -€7,197 | ▼ 70.8% |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 31-05-2024 | 2024-00106676 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00264281 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20387795 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-29100021 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-24600349 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-21900316 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-38400341 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-20800230 | |
| 31-12-2015 | full format | 29-06-2016 | 2016-26100561 | |
| 31-12-2014 | full format | 21-06-2015 | 2015-20300171 |