E & K
InactiveFinancials · financial year 2020, micro format
2020 annual accounts filed 298 days after the deadline Filed on 25 May 2022, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2022-20034503.
Annual accounts 2020 filed on 25-05-2022 PDF all 3 filings
Turnover
≈ €160,000
Estimated: probably between €99,000 and €300,000
Total assets
€60,008▲ 64.5%
2019 · €36,480
Net result
€17,174
2019 · -€638
Working capital
€4,635
2019 · -€4,785
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
€21,674
2020
20182020
Net result
€17,174
2020
20182020
Equity
€12,253
2020
20182020
Total assets
€60,008
▲ 64.5%
2020
20182020
Debt
€47,755
▲ 15.3%
2020
20182020
Working capital
€4,635
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result-€4,456--€638▲ 85.7%€21,674
Net result-€4,456--€638▲ 85.7%€17,174
Equity-€4,283--€4,921▼ 14.9%€12,253
Total assets€35,561-€36,480▲ 2.6%€60,008▲ 64.5%
Debt€39,844-€41,401▲ 3.9%€47,755▲ 15.3%
Working capital-€18,898--€4,785▲ 74.7%€4,635
The operating result for 2020 is a profit of €21,674, after a loss of €638 in 2019. It is the highest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €60,008
Fixed assets
€7,618 ▼ 32.0%
Current assets
€52,390 ▲ 107%
Equity and liabilities €60,008
Equity
€12,253
Debt
€47,755
Debt's share of the balance-sheet total is 79.6%.
Key figures and ratios
EBITDA
€25,252▲
2019 · €1,460
Cash flow
€20,752▲
2019 · €1,460
Current ratio
1.10▲
2019 · 0.84
Quick ratio
0.90▲
2019 · 0.35
Debt to equity
3.90
ROE
140.2%
ROA
28.6%▲
2019 · -1.7%
Debt ≤ 1 year
€47,755▲
2019 · €30,069
Income taxes
€4,500
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 | €4,279 | €2,099 | €3,579 | ▲ 70.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €15,713 | - |
| Gross operating margin9900 | -€177 | €1,460 | €40,965 | ▲ 28× |
| Operating profit (loss)9901 | -€4,456 | -€638 | €21,674 | - |
| Profit (loss) for the period before taxes9903 | -€4,456 | -€638 | €21,674 | - |
| Income taxes67/77 | - | - | €4,500 | - |
| Profit (loss) for the period9904 | -€4,456 | -€638 | €17,174 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,456 | -€638 | €17,174 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35,561 | €36,480 | €60,008 | ▲ 64.5% |
| Fixed assets21/28 | €14,615 | €11,197 | €7,618 | ▼ 32.0% |
| Tangible fixed assets22/27 | €14,615 | €11,197 | €7,618 | ▼ 32.0% |
| Plant, machinery and equipment23 | - | - | €677 | - |
| Furniture and vehicles24 | - | - | €6,941 | - |
| Current assets29/58 | €20,946 | €25,283 | €52,390 | ▲ 107% |
| Stocks and contracts in progress3 | €11,886 | €14,779 | €9,605 | ▼ 35.0% |
| Stocks30/36 | - | - | €9,605 | - |
| Amounts receivable within one year40/41 | €2,390 | €5,721 | €12,662 | ▲ 121% |
| Trade receivables40 | - | - | €12,528 | - |
| Other amounts receivable41 | - | - | €135 | - |
| Cash at bank and in hand54/58 | €6,670 | €4,784 | €30,123 | ▲ 530% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35,561 | €36,480 | €60,008 | ▲ 64.5% |
| Equity10/15 | -€4,283 | -€4,921 | €12,253 | - |
| Contributions10/11 | €100 | €100 | €100 | = |
| Reserves13 | €20 | €20 | €20 | = |
| Non-distributable reserves130/1 | - | - | €20 | - |
| Reserves not available under the articles1311 | - | - | €20 | - |
| Profit (loss) carried forward14 | -€4,403 | -€5,041 | €12,133 | - |
| Amounts payable17/49 | €39,844 | €41,401 | €47,755 | ▲ 15.3% |
| Amounts payable within one year42/48 | €39,844 | €30,069 | €47,755 | ▲ 58.8% |
| Trade debts44 | €3,324 | €1,479 | €19,334 | ▲ 13× |
| Suppliers440/4 | - | - | €19,334 | - |
| Taxes, remuneration and social security45 | - | - | €4,500 | - |
| Taxes450/3 | - | - | €4,500 | - |
| Other amounts payable47/48 | - | - | €23,922 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,456 | -€638 | €17,174 | - |
| + Depreciation and write-downs630 | €4,279 | €2,099 | €3,579 | ▲ 70.5% |
| Operating cash flow (approximation) | -€177 | €1,460 | €20,752 | ▲ 14× |
| Investment in fixed assets (approximation) | - | €1,320 | €0 | ▼ 100% |
| Change in cash | - | -€1,887 | €25,339 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.