DRINATEX
InactiveFinancials · financial year 2020, full format
2020 annual accounts filed 177 days after the deadline Filed on 24 January 2022, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2022-01500264.
Annual accounts 2020 filed on 24-01-2022 PDF all 12 filings
Turnover
≈ €410,000
Estimated: probably between €250,000 and €760,000
EBIT margin
Not included in this filing
Net result
-€24,931
2019 · €72,893
Working capital
-€187,267▼ 9.4%
2019 · -€171,149
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
-€15,610
2020
20182020
Net result
-€24,931
2020
20182020
Equity
€44,678
▼ 35.8%
2020
20182020
Total assets
€724,752
▼ 9.6%
2020
20182020
Debt
€680,074
▼ 7.1%
2020
20182020
Working capital
-€187,267
▼ 9.4%
2020
20182020
Staff (FTE)
11.9
▲ 6.3%
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result€86,662-€130,465▲ 50.5%-€15,610
Net result€51,904-€72,893▲ 40.4%-€24,931
Equity-€3,284-€69,609€44,678▼ 35.8%
Total assets€736,351-€801,961▲ 8.9%€724,752▼ 9.6%
Debt€739,635-€732,352▼ 1.0%€680,074▼ 7.1%
Working capital-€292,062--€171,149▲ 41.4%-€187,267▼ 9.4%
Staff (FTE)11.9-11.2▼ 5.9%11.9▲ 6.3%
The operating result for 2020 is a loss of €15,610, after a profit of €130,465 in 2019. It is the lowest result since 2018.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €724,752
Fixed assets
€303,627 ▼ 10.6%
Current assets
€421,125 ▼ 8.9%
Equity and liabilities €724,752
Equity
€44,678 ▼ 35.8%
Debt
€680,074 ▼ 7.1%
Debt's share of the balance-sheet total rises from 91.3% to 93.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,514▼
2019 · €166,589
Cash flow
€11,193▼
2019 · €109,017
Current ratio
0.69▼
2019 · 0.73
Quick ratio
0.69▼
2019 · 0.73
Debt to equity
0.95▲
2019 · 0.77
ROE
-55.8%▼
2019 · 104.7%
ROA
-3.4%▼
2019 · 9.1%
Debt ≤ 1 year
€608,392▼
2019 · €633,359
Debt > 1 year
€42,282▼
2019 · €53,440
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,124 | €36,124 | €36,124 | = |
| Gross operating margin9900 | €420,155 | €467,852 | €159,959 | ▼ 65.8% |
| Operating profit (loss)9901 | €86,662 | €130,465 | -€15,610 | - |
| Recurring financial charges65 | €32,509 | €21,331 | €9,321 | ▼ 56.3% |
| Profit (loss) for the period before taxes9903 | €54,153 | €109,135 | -€24,931 | - |
| Income taxes67/77 | €2,249 | €36,242 | - | - |
| Profit (loss) for the period9904 | €51,904 | €72,893 | -€24,931 | - |
| Profit (loss) for the period to be appropriated9905 | €51,904 | €72,893 | -€24,931 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €736,351 | €801,961 | €724,752 | ▼ 9.6% |
| Fixed assets21/28 | €375,875 | €339,751 | €303,627 | ▼ 10.6% |
| Tangible fixed assets22/27 | €364,531 | €328,407 | €292,283 | ▼ 11.0% |
| Financial fixed assets28 | €11,344 | €11,344 | €11,344 | = |
| Current assets29/58 | €360,476 | €462,210 | €421,125 | ▼ 8.9% |
| Stocks and contracts in progress3 | €280 | €175 | €163 | ▼ 6.9% |
| Amounts receivable within one year40/41 | €349,049 | €430,445 | €392,010 | ▼ 8.9% |
| Cash at bank and in hand54/58 | €11,033 | €31,055 | €28,427 | ▼ 8.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €736,351 | €801,961 | €724,752 | ▼ 9.6% |
| Equity10/15 | -€3,284 | €69,609 | €44,678 | ▼ 35.8% |
| Contributions10/11 | €30,000 | €30,000 | - | - |
| Reserves13 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€77,043 | -€4,150 | -€29,081 | ▼ 601% |
| Amounts payable17/49 | €739,635 | €732,352 | €680,074 | ▼ 7.1% |
| Amounts payable after more than one year17 | €68,889 | €53,440 | €42,282 | ▼ 20.9% |
| Amounts payable within one year42/48 | €652,538 | €633,359 | €608,392 | ▼ 3.9% |
| Trade debts44 | €400,819 | €411,698 | €391,671 | ▼ 4.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,904 | €72,893 | -€24,931 | - |
| + Depreciation and write-downs630 | €36,124 | €36,124 | €36,124 | = |
| Operating cash flow (approximation) | €88,028 | €109,017 | €11,193 | ▼ 89.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €20,022 | -€2,628 | - |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | full format | 24-01-2022 | 2022-01500264 | |
| 31-12-2019 | full format | 29-10-2020 | 2020-64600437 | |
| 31-12-2018 | full format | 22-11-2019 | 2019-74200295 | |
| 31-12-2017 | full format | 05-12-2018 | 2018-73700431 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-65300552 | |
| 31-12-2015 | full format | 20-12-2016 | 2016-70900458 | |
| 31-12-2014 | full format | 15-09-2015 | 2015-58700404 | |
| 31-12-2013 | full format | 16-12-2014 | 2014-69300525 | |
| 31-12-2012 | full format | 18-12-2013 | 2013-69000090 | |
| 31-12-2011 | full format | 27-11-2012 | 2012-65300521 |