DIVEMAR
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed late (32 days) Filed on 1 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00439898.
Equity
-€321,376
2021 · €145,797
Total assets
€526,017▼ 39.1%
2021 · €863,155
Net result
-€467,173▼ 454%
2021 · -€84,381
Working capital
-€535,508
2021 · €48,023
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result stays negative: a loss of €340,165 in 2022 against €35,504 in 2021; the loss grows and 2022 has the lowest 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-€340,165
2022
Net result-€467,173
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€526,017
2022
Equity-€321,376
2022
Debt€847,393
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€535,508
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-88.8%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-61.1%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.12
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€26,164--€4,194€11,465-€35,504-€340,165▼ 858%
Net result€15,793--€5,069€6,334within the sector's middle half-€84,381below the sector's middle half-€467,173below the sector's middle half▼ 454%
Equity€228,910-€223,841▼ 2.2%€230,175within the sector's middle half▲ 2.8%€145,797within the sector's middle half▼ 36.7%-€321,376below the sector's middle half
Total assets€911,346-€858,368▼ 5.8%€865,387within the sector's middle half▲ 0.8%€863,155within the sector's middle half▼ 0.3%€526,017within the sector's middle half▼ 39.1%
Debt€682,436-€634,527▼ 7.0%€635,212▲ 0.1%€717,358▲ 12.9%€847,393▲ 18.1%
Working capital€238,081-€219,483▼ 7.8%€182,045above the sector's middle half▼ 17.1%€48,023within the sector's middle half▼ 73.6%-€535,508below the sector's middle half
Solvency25.1%-26.1%▲ 1.0pp26.6%within the sector's middle half▲ 0.5pp16.9%within the sector's middle half▼ 9.7pp-61.1%below the sector's middle half▼ 78.0pp
Current ratio2.43-2.80▲ 0.372.21within the sector's middle half▼ 0.591.17within the sector's middle half▼ 1.040.12below the sector's middle half▼ 1.05
Return on assets (ROA)1.7%--0.6%▼ 2.3pp0.7%within the sector's middle half▲ 1.3pp-9.8%below the sector's middle half▼ 10.5pp-88.8%below the sector's middle half▼ 79.0pp
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €526,017
Fixed assets
€456,272 ▼ 14.1%
Current assets
€69,745 ▼ 79.0%
Equity and liabilities
Equity-€321,376
Debt€847,393
Equity is negative: debt (€847,393) exceeds the balance-sheet total (€526,017).
Key figures and ratios
EBITDA
-€312,218
Cash flow
-€439,226
Interest coverage
-3.19
Debt ≤ 1 year
€605,252▲
2021 · €284,147
Debt > 1 year
€242,140▼
2021 · €433,211
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | €75,460 | €20,780 | €12,238 | - | €27,947 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €204,348 | - |
| Other operating charges640/8 | - | - | - | €14,391 | €16,939 | ▲ 17.7% |
| Gross operating margin9900 | €109,389 | €39,237 | €34,452 | -€21,113 | -€90,931 | ▼ 331% |
| Operating profit (loss)9901 | €26,164 | -€4,194 | €11,465 | -€35,504 | -€340,165 | ▼ 858% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | €28,693 | €13,011 | €26,633 | €0 | - | - |
| Financial charges65/66B | - | - | - | €48,877 | €127,008 | ▲ 160% |
| Recurring financial charges65 | €36,448 | €13,887 | €34,431 | €48,877 | €97,758 | ▲ 100% |
| Non-recurring financial charges66B | - | - | - | - | €29,250 | - |
| Profit (loss) for the period before taxes9903 | €18,409 | -€5,069 | €3,667 | -€84,381 | -€467,173 | ▼ 454% |
| Income taxes67/77 | €2,616 | - | -€2,667 | - | - | - |
| Profit (loss) for the period9904 | €15,793 | -€5,069 | €6,334 | -€84,381 | -€467,173 | ▼ 454% |
| Profit (loss) for the period to be appropriated9905 | €15,793 | -€5,069 | €6,334 | -€84,381 | -€467,173 | ▼ 454% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €911,346 | €858,368 | €865,387 | €863,155 | €526,017 | ▼ 39.1% |
| Fixed assets21/28 | €506,315 | €516,929 | €532,309 | €530,986 | €456,272 | ▼ 14.1% |
| Intangible fixed assets21 | €662 | €6,370 | €6,039 | €6,039 | - | - |
| Tangible fixed assets22/27 | €450,050 | €454,954 | €470,665 | €469,342 | €429,918 | ▼ 8.4% |
| Land and buildings22 | - | - | - | €459,179 | €423,290 | ▼ 7.8% |
| Plant, machinery and equipment23 | - | - | - | €2,990 | €2,907 | ▼ 2.8% |
| Furniture and vehicles24 | - | - | - | €4,623 | €3,722 | ▼ 19.5% |
| Leasing and similar rights25 | - | - | - | €2,549 | - | - |
| Financial fixed assets28 | €55,604 | €55,604 | €55,604 | €55,604 | €26,354 | ▼ 52.6% |
| Current assets29/58 | €405,031 | €341,439 | €333,078 | €332,170 | €69,745 | ▼ 79.0% |
| Amounts receivable within one year40/41 | €373,497 | €309,174 | €288,121 | €313,476 | €69,424 | ▼ 77.9% |
| Trade receivables40 | - | - | - | €254,225 | €210 | ▼ 99.9% |
| Other amounts receivable41 | - | - | - | €59,251 | €69,213 | ▲ 16.8% |
| Cash at bank and in hand54/58 | €5,655 | €6,386 | €1,011 | €626 | €321 | ▼ 48.8% |
| Deferred charges and accrued income490/1 | - | - | - | €18,067 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €911,346 | €858,368 | €865,387 | €863,155 | €526,017 | ▼ 39.1% |
| Equity10/15 | €228,910 | €223,841 | €230,175 | €145,797 | -€321,376 | - |
| Contributions10/11 | €200,200 | €200,200 | €200,200 | €200,200 | €200,200 | = |
| Capital10 | - | - | - | €200,200 | €200,200 | = |
| Issued capital100 | - | - | - | €200,200 | €200,200 | = |
| Reserves13 | €28,710 | €28,710 | €29,975 | €29,978 | €29,978 | = |
| Non-distributable reserves130/1 | - | - | - | €20,200 | €20,200 | = |
| Legal reserve130 | - | - | - | €20,200 | €20,200 | = |
| Distributable reserves133 | - | - | - | €9,778 | €9,778 | = |
| Profit (loss) carried forward14 | - | -€5,069 | - | -€84,381 | -€551,553 | ▼ 554% |
| Amounts payable17/49 | €682,436 | €634,527 | €635,212 | €717,358 | €847,393 | ▲ 18.1% |
| Amounts payable after more than one year17 | €515,486 | €512,570 | €484,179 | €433,211 | €242,140 | ▼ 44.1% |
| Financial debts170/4 | - | - | - | €433,211 | €183,490 | ▼ 57.6% |
| Other amounts payable178/9 | - | - | - | - | €58,650 | - |
| Amounts payable within one year42/48 | €166,950 | €121,957 | €151,033 | €284,147 | €605,252 | ▲ 113% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,541 | €313,133 | ▲ 16× |
| Financial debts43 | - | - | - | €1,550 | €14,007 | ▲ 804% |
| Other loans439 | - | - | - | €1,550 | €14,007 | ▲ 804% |
| Trade debts44 | €54,966 | €57,970 | €63,790 | €71,334 | €145,954 | ▲ 105% |
| Suppliers440/4 | - | - | - | €71,334 | €145,954 | ▲ 105% |
| Taxes, remuneration and social security45 | - | - | - | €739 | - | - |
| Taxes450/3 | - | - | - | €739 | - | - |
| Other amounts payable47/48 | - | - | - | €190,982 | €132,158 | ▼ 30.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,793 | -€5,069 | €6,334 | -€84,381 | -€467,173 | ▼ 454% |
| + Depreciation and write-downs630 | €75,460 | €20,780 | €12,238 | - | €27,947 | - |
| Operating cash flow (approximation) | €91,253 | €15,711 | €18,572 | -€84,381 | -€439,226 | ▼ 421% |
| Investment in fixed assets (approximation) | - | -€31,393 | -€27,619 | €1,323 | €46,766 | ▲ 35× |
| Change in cash | - | €732 | -€5,375 | -€385 | -€305 | ▲ 20.6% |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 01-09-2023 | 2023-00439898 |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20245081 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66200434 |
| 31-12-2019 | micro format | 30-12-2020 | 2020-77400206 |
| 31-12-2018 | micro format | 23-09-2019 | 2019-65100101 |
| 31-12-2017 | micro format | 25-09-2018 | 2018-67200109 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57900528 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55100455 |
| 31-12-2014 | abbreviated format | 24-07-2015 | 2015-34000112 |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-48200421 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 12,071 active companies whose main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203), figures are known for 6,195. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.