DLD Technics
Open bankruptcyFinancials · financial year 2021, micro format
2021 annual accounts filed 75 days after the deadline Filed on 14 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20464523.
Annual accounts 2021 filed on 14-10-2022 PDF all 4 filings
Turnover
≈ €160,000
Estimated: probably between €88,000 and €400,000
Total assets
€633,200▲ 164%
2020 · €239,664
Net result
-€61,782
2020 · €61,854
Working capital
-€6,787
2020 · €39,671
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€54,283
2021
20182021
Net result
-€61,782
2021
lowest quarter of the sector
20182021
Equity
€19,375
▼ 76.1%
2021
middle half of the sector
20182021
Total assets
€633,200
▲ 164%
2021
highest quarter of the sector
20182021
Debt
€613,826
▲ 287%
2021
20182021
Working capital
-€6,787
2021
middle half of the sector
20182021
Solvency
3.1%
▼ 30.8pp
2021
lowest quarter of the sector
20182021
Current ratio
0.99
▼ 0.29
2021
middle half of the sector
20182021
Return on assets (ROA)
-9.8%
▼ 35.6pp
2021
lowest quarter of the sector
20182021
Staff (FTE)
1
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€8,476-€2,181▼ 74.3%€80,642▲ 37×-€54,283
Net result€4,948--€46€61,854above the sector's middle half-€61,782below the sector's middle half
Equity€17,348-€17,302▼ 0.3%€81,156within the sector's middle half▲ 369%€19,375within the sector's middle half▼ 76.1%
Total assets€31,869-€98,639▲ 210%€239,664within the sector's middle half▲ 143%€633,200above the sector's middle half▲ 164%
Debt€14,521-€81,337▲ 460%€158,507▲ 94.9%€613,826▲ 287%
Working capital€7,820-€6,246▼ 20.1%€39,671within the sector's middle half▲ 535%-€6,787within the sector's middle half
Solvency54.4%-17.5%▼ 36.9pp33.9%within the sector's middle half▲ 16.3pp3.1%below the sector's middle half▼ 30.8pp
Current ratio1.76-1.11▼ 0.651.28within the sector's middle half▲ 0.170.99within the sector's middle half▼ 0.29
Return on assets (ROA)15.5%-0.0%▼ 15.6pp25.8%above the sector's middle half▲ 25.9pp-9.8%below the sector's middle half▼ 35.6pp
Staff (FTE)1
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 2021 is a loss of €54,283, after a profit of €80,642 in 2020. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro 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 €633,200
Fixed assets
€37,267 ▼ 36.4%
Current assets
€595,933 ▲ 229%
Equity and liabilities €633,200
Equity
€19,375 ▼ 76.1%
Debt
€613,826 ▲ 287%
Debt's share of the balance-sheet total rises from 66.1% to 96.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€45,489▼
2020 · €87,952
Cash flow
-€52,987▼
2020 · €69,164
Quick ratio
0.52▼
2020 · 0.88
Debt to equity
31.68▲
2020 · 0.21
ROE
-318.9%▼
2020 · 76.2%
Interest coverage
-6.01
Debt ≤ 1 year
€602,720▲
2020 · €141,356
Debt > 1 year
€11,106▼
2020 · €17,152
Income taxes
€67▼
2020 · €16,885
Staff costs
€44,813
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €2,554 |
| Depreciation and write-downs of the year | €8,794 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €44,813 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,422 | €5,037 | €7,310 | €8,794 | ▲ 20.3% |
| Other operating charges640/8 | - | - | - | €15,453 | - |
| Non-recurring operating charges66A | - | - | - | €1,030 | - |
| Gross operating margin9900 | €11,738 | €8,015 | €91,373 | €15,808 | ▼ 82.7% |
| Operating profit (loss)9901 | €8,476 | €2,181 | €80,642 | -€54,283 | - |
| Financial income75/76B | - | - | - | €137 | - |
| Recurring financial income75 | €362 | - | €266 | €137 | ▼ 48.6% |
| Financial charges65/66B | - | - | - | €7,569 | - |
| Recurring financial charges65 | €493 | €1,102 | €2,169 | €7,569 | ▲ 249% |
| Profit (loss) for the period before taxes9903 | €8,345 | €1,079 | €78,740 | -€61,714 | - |
| Income taxes67/77 | €3,397 | €1,125 | €16,885 | €67 | ▼ 99.6% |
| Profit (loss) for the period9904 | €4,948 | -€46 | €61,854 | -€61,782 | - |
| Profit (loss) for the period to be appropriated9905 | €4,948 | -€46 | €61,854 | -€61,782 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31,869 | €98,639 | €239,664 | €633,200 | ▲ 164% |
| Fixed assets21/28 | €13,798 | €34,910 | €58,637 | €37,267 | ▼ 36.4% |
| Tangible fixed assets22/27 | €13,798 | €34,910 | €58,637 | €37,267 | ▼ 36.4% |
| Land and buildings22 | - | - | - | €4,932 | - |
| Plant, machinery and equipment23 | - | - | - | €19,905 | - |
| Furniture and vehicles24 | - | - | - | €12,431 | - |
| Current assets29/58 | €18,071 | €63,729 | €181,027 | €595,933 | ▲ 229% |
| Stocks and contracts in progress3 | €6,320 | €42,431 | €56,383 | €280,123 | ▲ 397% |
| Stocks30/36 | - | - | - | €280,123 | - |
| Amounts receivable within one year40/41 | €5,234 | €12,828 | €22,530 | €311,525 | ▲ 14× |
| Trade receivables40 | - | - | - | €311,425 | - |
| Other amounts receivable41 | - | - | - | €100 | - |
| Cash at bank and in hand54/58 | €17 | - | €102,114 | €4,285 | ▼ 95.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31,869 | €98,639 | €239,664 | €633,200 | ▲ 164% |
| Equity10/15 | €17,348 | €17,302 | €81,156 | €19,375 | ▼ 76.1% |
| Contributions10/11 | €12,400 | €12,400 | - | €14,400 | - |
| Reserves13 | €4,948 | €4,902 | €66,756 | €4,975 | ▼ 92.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €3,115 | - |
| Amounts payable17/49 | €14,521 | €81,337 | €158,507 | €613,826 | ▲ 287% |
| Amounts payable after more than one year17 | €4,270 | €23,854 | €17,152 | €11,106 | ▼ 35.2% |
| Financial debts170/4 | - | - | - | €11,106 | - |
| Amounts payable within one year42/48 | €10,251 | €57,483 | €141,356 | €602,720 | ▲ 326% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,046 | - |
| Financial debts43 | - | - | - | €99,500 | - |
| Credit institutions430/8 | - | - | - | €99,500 | - |
| Trade debts44 | €3,116 | €19,652 | €13,384 | €332,947 | ▲ 25× |
| Suppliers440/4 | - | - | - | €332,947 | - |
| Taxes, remuneration and social security45 | - | - | - | €102,605 | - |
| Taxes450/3 | - | - | - | €99,834 | - |
| Remuneration and social security454/9 | - | - | - | €2,771 | - |
| Other amounts payable47/48 | - | - | - | €61,622 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,948 | -€46 | €61,854 | -€61,782 | - |
| + Depreciation and write-downs630 | €2,422 | €5,037 | €7,310 | €8,794 | ▲ 20.3% |
| Operating cash flow (approximation) | €7,370 | €4,991 | €69,164 | -€52,987 | - |
| Investment in fixed assets (approximation) | - | -€26,149 | -€31,036 | €12,575 | - |
| Change in cash | - | - | - | -€97,829 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.