DPRO COATING
InactiveFinancials · financial year 2023, abbreviated format
Equity
€823,290▲ 120%
2022 · €373,747
Total assets
€1.8m▼ 17.8%
2022 · €2.2m
Net result
€586,325
2022 · -€114,511
Working capital
€1.3m
2022 · -€636,165
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result returns to profit in 2023: €759,093 after a loss of €96,317 in 2022, the highest 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€0.8m
2023
Net result€0.6m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.8m
2023
Equity€0.8m
2023
Debt€1.0m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.3m
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.05m-€0.3m▲ 415%€0.08m▼ 72.5%€0.5m▲ 625%-€0.1m€0.8m
Net result€0.04m--€0.2m€0.06m€0.4m▲ 640%-€0.1m€0.6m
Equity€0.07m-€0.002m▼ 96.8%€0.06m▲ 26×€0.5m▲ 711%€0.4m▼ 23.5%€0.8m▲ 120%
Total assets€0.6m-€1.8m▲ 192%€1.6m▼ 8.2%€2.3m▲ 38.7%€2.2m▼ 2.7%€1.8m▼ 17.8%
Debt€0.5m-€1.5m▲ 171%€1.2m▼ 14.1%€1.5m▲ 16.4%€1.5m▲ 3.7%€1.0m▼ 34.2%
Working capital-€0.09m-€0.06m€0.3m▲ 366%-€0.5m-€0.6m▼ 37.5%€1.3m
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.8m
Fixed assets
€145,436 ▼ 93.2%
Current assets
€1.7m ▲ 24×
Equity and liabilities €1.8m
Equity
€823,290 ▲ 120%
Provisions
€0 ▼ 100%
Debt
€991,210 ▼ 34.2%
Debt's share of the balance-sheet total falls from 68.3% to 54.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€772,833▲
2022 · -€20,063
Cash flow
€600,064▲
2022 · -€38,257
Current ratio
5.11▲
2022 · 0.10
Debt to equity
1.20▼
2022 · 4.03
ROE
71.2%▲
2022 · -30.6%
ROA
32.3%▲
2022 · -5.2%
Interest coverage
41.45▲
2022 · -0.99
Debt ≤ 1 year
€326,319▼
2022 · €705,526
Debt > 1 year
€664,891▼
2022 · €801,847
Income taxes
€171,752
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €636,200 | - | €734,198 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,312 | €172,203 | €109,290 | €49,010 | €76,254 | €13,739 | ▼ 82.0% |
| Other operating charges640/8 | - | - | - | €77,323 | €56,674 | €22,172 | ▼ 60.9% |
| Non-recurring operating charges66A | - | - | - | €3,100 | - | - | - |
| Gross operating margin9900 | €118,621 | €462,088 | €222,149 | €674,177 | €36,612 | €795,005 | ▲ 22× |
| Operating profit (loss)9901 | €53,043 | €273,261 | €75,104 | €544,744 | -€96,317 | €759,093 | - |
| Financial income75/76B | - | - | - | - | €2,100 | €17,629 | ▲ 739% |
| Recurring financial income75 | - | - | - | - | €2,100 | €17,629 | ▲ 739% |
| Financial charges65/66B | - | - | - | €18,443 | €20,294 | €18,646 | ▼ 8.1% |
| Recurring financial charges65 | €14,862 | €19,090 | €17,233 | €18,443 | €20,294 | €18,646 | ▼ 8.1% |
| Profit (loss) for the period before taxes9903 | €38,181 | €254,171 | €57,871 | €526,301 | -€114,511 | €758,077 | - |
| Income taxes67/77 | - | - | - | €98,241 | - | €171,752 | - |
| Profit (loss) for the period9904 | €38,181 | -€208,244 | €57,871 | €428,060 | -€114,511 | €586,325 | - |
| Profit (loss) for the period to be appropriated9905 | €38,181 | -€208,244 | €57,871 | €428,060 | -€114,511 | €586,325 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.6m | €1.8m | €1.6m | €2.3m | €2.2m | €1.8m | ▼ 17.8% |
| Fixed assets21/28 | €0.5m | €1.5m | €1.2m | €2.2m | €2.1m | €0.1m | ▼ 93.2% |
| Tangible fixed assets22/27 | €0.5m | €1.5m | €1.2m | €2.2m | €2.1m | €0.08m | ▼ 96.0% |
| Land and buildings22 | - | - | - | €2.2m | €2.1m | €0.08m | ▼ 96.0% |
| Financial fixed assets28 | - | - | €0.007m | €0.06m | €0.06m | €0.06m | = |
| Current assets29/58 | €0.1m | €0.3m | €0.5m | €0.05m | €0.07m | €1.7m | ▲ 24× |
| Stocks and contracts in progress3 | €0.03m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.009m | €0.05m | €0.06m | €0.03m | €0.04m | €0.9m | ▲ 24× |
| Trade receivables40 | - | - | - | €0.03m | €0.04m | €0.03m | ▼ 4.7% |
| Other amounts receivable41 | - | - | - | - | - | €0.9m | - |
| Current investments50/53 | - | - | - | - | - | €0.8m | - |
| Cash at bank and in hand54/58 | €0.01m | €0.3m | €0.4m | €0.02m | €0.03m | €0.01m | ▼ 59.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.005m | €0.003m | ▼ 40.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.6m | €1.8m | €1.6m | €2.3m | €2.2m | €1.8m | ▼ 17.8% |
| Equity10/15 | €0.07m | €0.002m | €0.06m | €0.5m | €0.4m | €0.8m | ▲ 120% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.05m | €0.2m | €0.2m | €0.5m | €0.5m | €0.8m | ▲ 71.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.1m | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.8m | ▲ 142% |
| Profit (loss) carried forward14 | - | -€0.2m | -€0.2m | - | -€0.1m | - | - |
| Provisions and deferred taxes16 | - | €0.3m | €0.3m | €0.3m | €0.3m | - | - |
| Deferred taxes168 | - | - | - | €0.3m | €0.3m | - | - |
| Amounts payable17/49 | €0.5m | €1.5m | €1.2m | €1.5m | €1.5m | €1.0m | ▼ 34.2% |
| Amounts payable after more than one year17 | €0.3m | €1.2m | €1.1m | €0.9m | €0.8m | €0.7m | ▼ 17.1% |
| Financial debts170/4 | - | - | - | €0.9m | €0.8m | €0.7m | ▼ 17.1% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.2m | €0.5m | €0.7m | €0.3m | ▼ 53.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | ▲ 1.4% |
| Financial debts43 | - | - | - | €0.3m | €0.3m | - | - |
| Credit institutions430/8 | - | - | - | €0.3m | €0.3m | - | - |
| Trade debts44 | €0.001m | €0.006m | €0.002m | €0.001m | €88 | - | - |
| Suppliers440/4 | - | - | - | €0.001m | €88 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.2m | ▲ 70.0% |
| Taxes450/3 | - | - | - | €0.1m | €0.1m | €0.2m | ▲ 70.0% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.2m | €0.02m | ▼ 90.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.04m | -€0.2m | €0.06m | €0.4m | -€0.1m | €0.6m | - |
| + Depreciation and write-downs630 | €0.06m | €0.2m | €0.1m | €0.05m | €0.08m | €0.01m | ▼ 82.0% |
| Operating cash flow (approximation) | €0.1m | -€0.04m | €0.2m | €0.5m | -€0.04m | €0.6m | - |
| Investment in fixed assets (approximation) | - | -€1.1m | €0.2m | -€1.1m | €0 | €2.0m | - |
| Change in cash | - | €0.3m | €0.1m | -€0.4m | €0.01m | -€0.02m | - |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 19-06-2024 | 2024-00145689 |
| 31-12-2022 | abbreviated format | 16-06-2023 | 2023-00136906 |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20102352 |
| 31-12-2020 | abbreviated format | 20-07-2021 | 2021-37800317 |
| 31-12-2019 | micro format | 28-08-2020 | 2020-48500001 |
| 31-12-2018 | abbreviated format | 12-08-2019 | 2019-45700321 |
| 31-12-2017 | abbreviated format | 04-07-2018 | 2018-29500065 |
| 31-12-2016 | abbreviated format | 10-08-2017 | 2017-42800410 |
| 31-12-2015 | abbreviated format | 21-06-2016 | 2016-20700005 |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-37800168 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.