DRIVEN
InactiveFinancials · financial year 2021, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€8,563
2020 · €23,545
Total assets
€27,934▼ 58.7%
2020 · €67,661
Net result
-€32,108▼ 136%
2020 · -€13,579
Working capital
€18,725▼ 48.2%
2020 · €36,145
Trend over the years
2018 to 2021, 4 financial years
The operating result stays negative: a loss of €32,169 in 2021 against €11,814 in 2020; the loss grows and 2021 has the lowest 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-€32,169
2021
Net result-€32,108
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€27,934
2021
Equity-€8,563
2021
Debt€36,497
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€18,725
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)1.5
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€27,529-€2,940▼ 89.3%-€11,814-€32,169▼ 172%
Net result€18,008-€516▼ 97.1%-€13,579-€32,108▼ 136%
Equity€24,308-€24,824▲ 2.1%€23,545▼ 5.2%-€8,563
Total assets€41,276-€42,621▲ 3.3%€67,661▲ 58.8%€27,934▼ 58.7%
Debt€16,968-€17,796▲ 4.9%€44,115▲ 148%€36,497▼ 17.3%
Working capital€11,695-€15,262▲ 30.5%€36,145▲ 137%€18,725▼ 48.2%
Staff (FTE)11.5
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €27,934
Fixed assets
€1,469 ▼ 88.2%
Current assets
€26,465 ▼ 52.1%
Equity and liabilities
Equity-€8,563
Debt€36,497
Equity is negative: debt (€36,497) exceeds the balance-sheet total (€27,934).
Key figures and ratios
EBITDA
-€29,549
Cash flow
-€29,488
Solvency
-30.7%▼
2020 · 34.8%
Current ratio
3.42▲
2020 · 2.89
ROA
-114.9%▼
2020 · -20.1%
Interest coverage
-143.64
Debt ≤ 1 year
€7,740▼
2020 · €19,115
Debt > 1 year
€28,757▲
2020 · €25,000
Income taxes
-€60▼
2020 · -€18
Staff costs
€38,342
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €25,516 | - |
| Remuneration, social security and pensions62 | - | - | - | €38,342 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,650 | €3,051 | - | €2,621 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,730 | - |
| Other operating charges640/8 | - | - | - | €1,966 | - |
| Gross operating margin9900 | €34,616 | €16,397 | -€11,399 | €14,490 | - |
| Operating profit (loss)9901 | €27,529 | €2,940 | -€11,814 | -€32,169 | ▼ 172% |
| Financial income75/76B | - | - | - | €207 | - |
| Recurring financial income75 | €223 | €0 | €0 | €207 | ▲ 690× |
| Financial charges65/66B | - | - | - | €206 | - |
| Recurring financial charges65 | €85 | €424 | €1,784 | €206 | ▼ 88.5% |
| Profit (loss) for the period before taxes9903 | €27,667 | €2,516 | -€13,597 | -€32,168 | ▼ 137% |
| Income taxes67/77 | €9,659 | €2,000 | -€18 | -€60 | ▼ 223% |
| Profit (loss) for the period9904 | €18,008 | €516 | -€13,579 | -€32,108 | ▼ 136% |
| Profit (loss) for the period to be appropriated9905 | €18,008 | €516 | -€13,579 | -€32,108 | ▼ 136% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41,276 | €42,621 | €67,661 | €27,934 | ▼ 58.7% |
| Fixed assets21/28 | €12,613 | €9,562 | €12,400 | €1,469 | ▼ 88.2% |
| Intangible fixed assets21 | - | - | €12,400 | - | - |
| Tangible fixed assets22/27 | €12,613 | €9,562 | - | €1,469 | - |
| Plant, machinery and equipment23 | - | - | - | €1,469 | - |
| Current assets29/58 | €28,663 | €33,058 | €55,261 | €26,465 | ▼ 52.1% |
| Amounts receivable within one year40/41 | €14,273 | €31,164 | €43,696 | €21,379 | ▼ 51.1% |
| Trade receivables40 | - | - | - | €17,601 | - |
| Other amounts receivable41 | - | - | - | €3,778 | - |
| Cash at bank and in hand54/58 | €14,390 | €1,062 | €11,564 | €5,086 | ▼ 56.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41,276 | €42,621 | €67,661 | €27,934 | ▼ 58.7% |
| Equity10/15 | €24,308 | €24,824 | €23,545 | -€8,563 | - |
| Contributions10/11 | €6,300 | €6,300 | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €16,148 | €16,664 | €3,085 | -€29,023 | - |
| Amounts payable17/49 | €16,968 | €17,796 | €44,115 | €36,497 | ▼ 17.3% |
| Amounts payable after more than one year17 | - | - | €25,000 | €28,757 | ▲ 15.0% |
| Financial debts170/4 | - | - | - | €28,757 | - |
| Amounts payable within one year42/48 | €16,968 | €17,796 | €19,115 | €7,740 | ▼ 59.5% |
| Financial debts43 | - | - | - | €415 | - |
| Credit institutions430/8 | - | - | - | €415 | - |
| Trade debts44 | €1,006 | €3,978 | €12,016 | €7,272 | ▼ 39.5% |
| Suppliers440/4 | - | - | - | €7,272 | - |
| Taxes, remuneration and social security45 | - | - | - | €53 | - |
| Taxes450/3 | - | - | - | €53 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,008 | €516 | -€13,579 | -€32,108 | ▼ 136% |
| + Depreciation and write-downs630 | €6,650 | €3,051 | - | €2,621 | - |
| Operating cash flow (approximation) | €24,658 | €3,567 | -€13,579 | -€29,488 | ▼ 117% |
| Investment in fixed assets (approximation) | - | €0 | -€2,838 | €8,310 | - |
| Change in cash | - | -€13,328 | €10,502 | -€6,479 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | abbreviated format | 24-06-2022 | 2022-20092307 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-71100335 |
| 31-12-2019 | micro format | 08-10-2020 | 2020-60400360 |
| 31-12-2018 | micro format | 08-08-2019 | 2019-44900062 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.