DOUBLE G

Active

Private limited company (pre-2019)founded 201511 years activeRue Gaston Grégoire(AMA) 19, 4540 Amay, BelgiumKBO/BCE: BE 0633.965.967

Summary

The computed 12-month bankruptcy probability of DOUBLE G is 6.3% (elevated). For DOUBLE G, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €134,459 and a net result of -€23,228. Equity is growing by ~41.2% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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DOUBLE GActive

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Financials · fiscal year 2023, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

-€23,228

2022 · €46,478

Working capital

-€181,473▼ 13.3%

2022 · -€160,222

Trend over the years

Last 5 years All years

2019 to 2023, 5 fiscal years 2018 to 2023, 6 fiscal years

The operating result has fallen two years in a row; 2023 is 11% below 2022.

Turnover and resultEquity and debtWorking capitalStaff

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€82,025 2023 Net result-€23,228 2023

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before

favourable unfavourable

Line201820192020202120222023

Operating result-€4,164-€26,135€2,500▼ 90.4%€104,655▲ 4,087%€92,530▼ 11.6%€82,025▼ 11.4%

Net result-€4,511-€15,852€199▼ 98.7%€75,023▲ 37,602%€46,478▼ 38.0%-€23,228

Equity€20,135-€35,988▲ 78.7%€36,187▲ 0.6%€111,209▲ 207%€157,687▲ 41.8%€134,459▼ 14.7%

Total assets€25,584-€353,017▲ 1,280%€356,496▲ 1.0%€495,564▲ 39.0%€533,958▲ 7.7%€570,434▲ 6.8%

Debt€5,448-€317,030▲ 5,719%€320,310▲ 1.0%€384,355▲ 20.0%€376,270▼ 2.1%€435,975▲ 15.9%

Working capital€20,043--€266,145-€266,395▼ 0.1%-€192,270▲ 27.8%-€160,222▲ 16.7%-€181,473▼ 13.3%

Staff (FTE)0.5-2.8▲ 460%1.2▼ 57.1%1.5▲ 25.0%1.6▲ 6.7%

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €570,434

55.4%

44.6%

Fixed assets €315,932 ▼ 0.7%

Current assets €254,501 ▲ 18.0%

Equity and liabilities €570,434

23.6%

76.4%

Equity €134,459 ▼ 14.7%

Debt €435,975 ▲ 15.9%

Debt's share of the balance-sheet total rises from 70.5% to 76.4%. Equity is lower and debt is higher.

Key figures and ratios

2023 value · change against 2022

EBITDA

€86,440▼

2022 · €95,649

Cash flow

-€18,813▼

2022 · €49,597

Current ratio

0.58▲

2022 · 0.57

Debt to equity

3.24▲

2022 · 2.39

ROE

-17.3%▼

2022 · 29.5%

ROA

-4.1%▼

2022 · 8.7%

Interest coverage

213.43▼

2022 · 313.06

Debt ≤ 1 year

€435,975▲

2022 · €375,973

Income taxes

€104,848▲

2022 · €45,831

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2023 against 2022 · 44 lines

Balance sheet Code20222023

Assets

Total assets20/58€533,958€570,434▲

Fixed assets21/28€318,207€315,932▼

Tangible fixed assets22/27€18,207€15,932▼

Land and buildings22€13,915€12,415▼

Furniture and vehicles24€4,292€3,517▼

Financial fixed assets28€300,000€300,000=

Current assets29/58€215,751€254,501▲

Amounts receivable within one year40/41€196,068€249,294▲

Trade receivables40-€104

Other amounts receivable41€196,068€249,190▲

Cash at bank and in hand54/58€16,798€4,759▼

Deferred charges and accrued income490/1€2,885€449▼

Equity and liabilities

Total equity and liabilities10/49€533,958€570,434▲

Equity10/15€157,687€134,459▼

Contributions10/11€18,660€18,660=

Reserves13€1,860€1,860=

Non-distributable reserves130/1€1,860€1,860=

Reserves not available under the articles1311€1,860€1,860=

Profit (loss) carried forward14€137,167€113,939▼

Amounts payable17/49€376,270€435,975▲

Amounts payable within one year42/48€375,973€435,975▲

Trade debts44€30,363€12,397▼

Suppliers440/4€30,363€12,397▼

Taxes, remuneration and social security45€26,791€85,514▲

Taxes450/3€20,831€85,514▲

Remuneration and social security454/9€5,960-

Other amounts payable47/48€318,819€338,064▲

Accrued charges and deferred income492/3€298-

Income statement Code20222023

Remuneration, social security and pensions62€48,109-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,119€4,415▲

Other operating charges640/8€3,081€1,178▼

Gross operating margin9900€146,838€87,618▼

Operating profit (loss)9901€92,530€82,025▼

Financial income75/76B€85-

Recurring financial income75€85-

Financial charges65/66B€306€405▲

Recurring financial charges65€306€405▲

Profit (loss) for the period before taxes9903€92,309€81,620▼

Income taxes67/77€45,831€104,848▲

Profit (loss) for the period9904€46,478-€23,228▼

Profit (loss) for the period to be appropriated9905€46,478-€23,228▼

Appropriation of the result

Profit (loss) to be appropriated9906€137,167€113,939▼

Profit (loss) brought forward from the previous period14P€90,689€137,167▲

Social balance

Average headcount (FTE)90871.6-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2018	2019	2020	2021	2022	2023	Change
Remuneration, social security and pensions62	-	-	€28,377	€47,743	€48,109	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€677	€1,185	€1,147	€1,702	€3,119	€4,415	▲ 41.6%
Other operating charges640/8	-	-	€8,589	€1,477	€3,081	€1,178	▼ 61.8%
Gross operating margin9900	€21,820	€71,771	€40,613	€155,576	€146,838	€87,618	▼ 40.3%
Operating profit (loss)9901	-€4,164	€26,135	€2,500	€104,655	€92,530	€82,025	▼ 11.4%
Financial income75/76B	-	-	€0	€43	€85	-	-
Recurring financial income75	-	€0	€0	€43	€85	-	-
Financial charges65/66B	-	-	€277	€206	€306	€405	▲ 32.6%
Recurring financial charges65	€287	€283	€277	€206	€306	€405	▲ 32.6%
Profit (loss) for the period before taxes9903	-€4,452	€25,852	€2,223	€104,492	€92,309	€81,620	▼ 11.6%
Income taxes67/77	€60	€10,000	€2,024	€29,470	€45,831	€104,848	▲ 129%
Profit (loss) for the period9904	-€4,511	€15,852	€199	€75,023	€46,478	-€23,228	▼ 150%
Profit (loss) for the period to be appropriated9905	-€4,511	€15,852	€199	€75,023	€46,478	-€23,228	▼ 150%

Line	2018	2019	2020	2021	2022	2023	Change
Assets
Total assets20/58	€25,584	€353,017	€356,496	€495,564	€533,958	€570,434	▲ 6.8%
Fixed assets21/28	€1,792	€302,133	€302,585	€303,480	€318,207	€315,932	▼ 0.7%
Tangible fixed assets22/27	€1,353	€1,693	€2,145	€3,040	€18,207	€15,932	▼ 12.5%
Land and buildings22	-	-	-	-	€13,915	€12,415	▼ 10.8%
Furniture and vehicles24	-	-	€2,145	€3,040	€4,292	€3,517	▼ 18.0%
Financial fixed assets28	€439	€300,439	€300,439	€300,439	€300,000	€300,000	=
Current assets29/58	€23,791	€50,885	€53,912	€192,084	€215,751	€254,501	▲ 18.0%
Amounts receivable within one year40/41	€17,322	€7,158	€5,840	€69,216	€196,068	€249,294	▲ 27.1%
Trade receivables40	-	-	€4,052	€1,490	-	€104	-
Other amounts receivable41	-	-	€1,788	€67,726	€196,068	€249,190	▲ 27.1%
Cash at bank and in hand54/58	€942	€35,942	€47,397	€121,838	€16,798	€4,759	▼ 71.7%
Deferred charges and accrued income490/1	-	-	€675	€1,030	€2,885	€449	▼ 84.4%
Equity and liabilities
Total equity and liabilities10/49	€25,584	€353,017	€356,496	€495,564	€533,958	€570,434	▲ 6.8%
Equity10/15	€20,135	€35,988	€36,187	€111,209	€157,687	€134,459	▼ 14.7%
Contributions10/11	€18,660	€18,660	€18,660	€18,660	€18,660	€18,660	=
Reserves13	€1,860	€1,860	€1,860	€1,860	€1,860	€1,860	=
Non-distributable reserves130/1	-	-	€1,860	€1,860	€1,860	€1,860	=
Reserves not available under the articles1311	-	-	€1,860	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	-€385	€15,468	€15,667	€90,689	€137,167	€113,939	▼ 16.9%
Amounts payable17/49	€5,448	€317,030	€320,310	€384,355	€376,270	€435,975	▲ 15.9%
Amounts payable within one year42/48	€3,748	€317,030	€320,306	€384,355	€375,973	€435,975	▲ 16.0%
Trade debts44	€2,197	€8,040	€11,769	€17,354	€30,363	€12,397	▼ 59.2%
Suppliers440/4	-	-	€11,769	€17,354	€30,363	€12,397	▼ 59.2%
Taxes, remuneration and social security45	-	-	€12,900	€2,642	€26,791	€85,514	▲ 219%
Taxes450/3	-	-	€11,300	-	€20,831	€85,514	▲ 311%
Remuneration and social security454/9	-	-	€1,600	€2,642	€5,960	-	-
Other amounts payable47/48	-	-	€295,638	€364,359	€318,819	€338,064	▲ 6.0%
Accrued charges and deferred income492/3	-	-	€3	-	€298	-	-

Line	2018	2019	2020	2021	2022	2023	Change
Profit (loss) for the period9904	-€4,511	€15,852	€199	€75,023	€46,478	-€23,228	▼ 150%
+ Depreciation and write-downs630	€677	€1,185	€1,147	€1,702	€3,119	€4,415	▲ 41.6%
Operating cash flow (approximation)	-€3,835	€17,037	€1,346	€76,725	€49,597	-€18,813	▼ 138%
Investment in fixed assets (approximation)	-	-€301,525	-€1,599	-€2,597	-€17,846	-€2,141	▲ 88.0%
Change in cash	-	€35,001	€11,455	€74,441	-€105,040	-€12,039	▲ 88.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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