DOLFIJN-KURINGEN
Open bankruptcyFinancials · financial year 2021, micro format
2021 annual accounts filed 45 days after the deadline Filed on 14 September 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20431415.
Annual accounts 2021 filed on 14-09-2022 PDF all 29 filings
Equity
-€16,491
2020 · €27,759
Total assets
€318,967▲ 68.8%
2020 · €188,968
Net result
-€44,250
2020 · €13,311
Working capital
-€140,569▼ 106%
2020 · -€68,166
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€31,138
2021
20182021
Net result
-€44,250
2021
lowest quarter of the sector
20182021
Equity
-€16,491
2021
lowest quarter of the sector
20182021
Total assets
€318,967
▲ 68.8%
2021
middle half of the sector
20182021
Debt
€335,458
▲ 108%
2021
20182021
Working capital
-€140,569
▼ 106%
2021
lowest quarter of the sector
20182021
Solvency
-5.2%
▼ 19.9pp
2021
middle half of the sector
20182021
Current ratio
0.38
▼ 0.14
2021
lowest quarter of the sector
20182021
Return on assets (ROA)
-13.9%
▼ 20.9pp
2021
lowest quarter of the sector
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€23,569--€27,242▼ 15.6%€22,838-€31,138
Net result-€24,668--€34,900▼ 41.5%€13,311within the sector's middle half-€44,250below the sector's middle half
Equity€49,348-€14,448▼ 70.7%€27,759within the sector's middle half▲ 92.1%-€16,491below the sector's middle half
Total assets€121,864-€185,029▲ 51.8%€188,968within the sector's middle half▲ 2.1%€318,967within the sector's middle half▲ 68.8%
Debt€72,516-€170,581▲ 135%€161,209▼ 5.5%€335,458▲ 108%
Working capital-€47,901--€82,856▼ 73.0%-€68,166below the sector's middle half▲ 17.7%-€140,569below the sector's middle half▼ 106%
Solvency40.5%-7.8%▼ 32.7pp14.7%within the sector's middle half▲ 6.9pp-5.2%within the sector's middle half▼ 19.9pp
Current ratio0.04-0.45▲ 0.410.52within the sector's middle half▲ 0.070.38below the sector's middle half▼ 0.14
Return on assets (ROA)-20.2%--18.9%▲ 1.4pp7.0%within the sector's middle half▲ 25.9pp-13.9%below the sector's middle half▼ 20.9pp
above
within
below
The sector band is the middle half of the companies in Sports, amusement and recreation activities (NACE 93). 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 €31,138, after a profit of €22,838 in 2020. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €318,967
Fixed assets
€233,902 ▲ 102%
Current assets
€85,065 ▲ 16.7%
Equity and liabilities
Equity-€16,491
Debt€335,458
Equity is negative. Debt (€335,458) exceeds the balance-sheet total (€318,967).
Key figures and ratios
EBITDA
-€17,080▼
2020 · €40,100
Cash flow
-€30,192▼
2020 · €30,573
Interest coverage
-1.30
Debt ≤ 1 year
€225,634▲
2020 · €141,081
Debt > 1 year
€109,824▲
2020 · €20,128
Staff costs
€806
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €131,907 |
| Depreciation and write-downs of the year | €14,058 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €806 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,221 | €17,620 | €17,262 | €14,058 | ▼ 18.6% |
| Other operating charges640/8 | - | - | - | €6,754 | - |
| Gross operating margin9900 | €15,735 | €3,964 | €47,996 | -€9,520 | - |
| Operating profit (loss)9901 | -€23,569 | -€27,242 | €22,838 | -€31,138 | - |
| Financial income75/76B | - | - | - | €1 | - |
| Recurring financial income75 | - | €138 | €400 | €1 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | €13,113 | - |
| Recurring financial charges65 | €1,099 | €7,795 | €9,927 | €13,113 | ▲ 32.1% |
| Profit (loss) for the period before taxes9903 | -€24,668 | -€34,900 | €13,311 | -€44,250 | - |
| Profit (loss) for the period9904 | -€24,668 | -€34,900 | €13,311 | -€44,250 | - |
| Profit (loss) for the period to be appropriated9905 | -€24,668 | -€34,900 | €13,311 | -€44,250 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €121,864 | €185,029 | €188,968 | €318,967 | ▲ 68.8% |
| Fixed assets21/28 | €119,660 | €117,432 | €116,053 | €233,902 | ▲ 102% |
| Tangible fixed assets22/27 | €118,591 | €116,000 | €113,671 | €231,520 | ▲ 104% |
| Land and buildings22 | - | - | - | €201,971 | - |
| Plant, machinery and equipment23 | - | - | - | €29,550 | - |
| Financial fixed assets28 | €1,069 | €1,432 | €2,382 | €2,382 | = |
| Current assets29/58 | €2,204 | €67,597 | €72,915 | €85,065 | ▲ 16.7% |
| Amounts receivable within one year40/41 | €1,632 | €67,597 | €72,915 | €85,065 | ▲ 16.7% |
| Trade receivables40 | - | - | - | €220 | - |
| Other amounts receivable41 | - | - | - | €84,845 | - |
| Cash at bank and in hand54/58 | €572 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €121,864 | €185,029 | €188,968 | €318,967 | ▲ 68.8% |
| Equity10/15 | €49,348 | €14,448 | €27,759 | -€16,491 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €32,784 | €32,784 | €32,784 | €32,784 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | - |
| Tax-exempt reserves132 | - | - | - | €28,262 | - |
| Distributable reserves133 | - | - | - | €2,662 | - |
| Profit (loss) carried forward14 | -€2,036 | -€36,936 | -€23,625 | -€67,875 | ▼ 187% |
| Amounts payable17/49 | €72,516 | €170,581 | €161,209 | €335,458 | ▲ 108% |
| Amounts payable after more than one year17 | €22,411 | €20,128 | €20,128 | €109,824 | ▲ 446% |
| Financial debts170/4 | - | - | - | €109,824 | - |
| Amounts payable within one year42/48 | €50,105 | €150,453 | €141,081 | €225,634 | ▲ 59.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,496 | - |
| Financial debts43 | - | - | - | €159,771 | - |
| Credit institutions430/8 | - | - | - | €159,771 | - |
| Trade debts44 | €12,782 | €16,400 | €15,939 | €34,715 | ▲ 118% |
| Suppliers440/4 | - | - | - | €34,715 | - |
| Taxes, remuneration and social security45 | - | - | - | €73 | - |
| Taxes450/3 | - | - | - | €73 | - |
| Other amounts payable47/48 | - | - | - | €20,579 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,668 | -€34,900 | €13,311 | -€44,250 | - |
| + Depreciation and write-downs630 | €15,221 | €17,620 | €17,262 | €14,058 | ▼ 18.6% |
| Operating cash flow (approximation) | -€9,448 | -€17,279 | €30,573 | -€30,192 | - |
| Investment in fixed assets (approximation) | - | -€15,392 | -€15,883 | -€131,907 | ▼ 730% |
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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 14-09-2022 | 2022-20431415 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-52700372 | |
| 31-12-2019 | micro format | 24-09-2020 | 2020-55500325 | |
| 31-12-2018 | micro format | 24-09-2020 | 2020-55500324 | |
| 31-12-2017 | micro format | 18-07-2018 | 2018-34700396 | |
| 31-12-2016 | micro format | 24-07-2017 | 2017-34600187 | |
| 31-12-2015 | abbreviated format | 04-08-2016 | 2016-40500168 | |
| 31-12-2014 | abbreviated format | 29-07-2015 | 2015-37100451 | |
| 31-12-2013 | abbreviated format | 27-06-2014 | 2014-25600169 | |
| 31-12-2012 | abbreviated format | 05-08-2013 | 2013-40300402 |