e-Necto
ActiveFinancials · financial year 2022, micro format
2023 annual accounts not yet filed, deadline passed on 31 July 2024 The financial year closed on 31 December 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2022 filed on 18-08-2023 PDF all 4 filings
Turnover
≈ €100,000
Estimated: probably between €59,000 and €140,000
Total assets
€33,852▲ 25.1%
2021 · €27,059
Net result
€20,213▲ 116%
2021 · €9,354
Working capital
-€5,852▼ 112%
2021 · -€2,758
Multi-year overview
2019 to 2022, 4 financial yearsOperating result
€28,428
▲ 66.2%
2022
20192022
Net result
€20,213
▲ 116%
2022
middle half of the sector
20192022
Equity
€1,000
▼ 47.0%
2022
lowest quarter of the sector
20192022
Total assets
€33,852
▲ 25.1%
2022
lowest quarter of the sector
20192022
Debt
€32,852
▲ 30.5%
2022
20192022
Working capital
-€5,852
▼ 112%
2022
lowest quarter of the sector
20192022
Solvency
3.0%
▼ 4.0pp
2022
lowest quarter of the sector
20192022
Current ratio
0.81
▼ 0.06
2022
lowest quarter of the sector
20192022
Return on assets (ROA)
59.7%
▲ 25.1pp
2022
highest quarter of the sector
20192022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result-€2,249-€2,101€17,102▲ 714%€28,428▲ 66.2%
Net result-€3,924-€456below the sector's middle half€9,354within the sector's middle half▲ 21×€20,213within the sector's middle half▲ 116%
Equity-€2,924--€2,468below the sector's middle half▲ 15.6%€1,887below the sector's middle half€1,000below the sector's middle half▼ 47.0%
Total assets€7,797-€9,157below the sector's middle half▲ 17.4%€27,059below the sector's middle half▲ 196%€33,852below the sector's middle half▲ 25.1%
Debt€10,720-€11,624▲ 8.4%€25,172▲ 117%€32,852▲ 30.5%
Working capital-€5,678--€5,844below the sector's middle half▼ 2.9%-€2,758below the sector's middle half▲ 52.8%-€5,852below the sector's middle half▼ 112%
Solvency-37.5%--26.9%below the sector's middle half▲ 10.5pp7.0%below the sector's middle half▲ 33.9pp3.0%below the sector's middle half▼ 4.0pp
Current ratio0.47-0.50below the sector's middle half▲ 0.030.87below the sector's middle half▲ 0.370.81below the sector's middle half▼ 0.06
Return on assets (ROA)-50.3%-5.0%within the sector's middle half▲ 55.3pp34.6%above the sector's middle half▲ 29.6pp59.7%above the sector's middle half▲ 25.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2022 is 66% higher than in 2021 and the highest since 2019. It is the third rise in a row.
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
2022 in colour, 2021 as the grey bar beneath
Assets €33,852
Fixed assets
€9,282 ▲ 2.6%
Current assets
€24,570 ▲ 36.4%
Equity and liabilities €33,852
Equity
€1,000 ▼ 47.0%
Debt
€32,852 ▲ 30.5%
Debt's share of the balance-sheet total rises from 93.0% to 97.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31,911▲
2021 · €19,478
Cash flow
€23,696▲
2021 · €11,730
Debt to equity
32.85▲
2021 · 13.34
Interest coverage
22.07▲
2021 · 14.26
Debt ≤ 1 year
€30,422▲
2021 · €20,772
Debt > 1 year
€2,430▼
2021 · €4,400
Income taxes
€6,824▲
2021 · €3,713
A ratio outside any meaningful range has been withheld (balance sheet total €33,852, equity €1,000).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €11,341 | €4,048 |
| Depreciation and write-downs of the year | €2,375 | €3,483 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €976 | €1,088 | €2,375 | €3,483 | ▲ 46.6% |
| Other operating charges640/8 | - | - | €1,057 | €2,473 | ▲ 134% |
| Non-recurring operating charges66A | - | - | €612 | €327 | ▼ 46.5% |
| Gross operating margin9900 | €3,115 | €6,873 | €21,147 | €34,711 | ▲ 64.1% |
| Operating profit (loss)9901 | -€2,249 | €2,101 | €17,102 | €28,428 | ▲ 66.2% |
| Financial income75/76B | - | - | €16 | €55 | ▲ 232% |
| Recurring financial income75 | €116 | €24 | €16 | €55 | ▲ 232% |
| Financial charges65/66B | - | - | €4,052 | €1,446 | ▼ 64.3% |
| Recurring financial charges65 | €1,791 | €1,669 | €1,366 | €1,446 | ▲ 5.9% |
| Non-recurring financial charges66B | - | - | €2,686 | - | - |
| Profit (loss) for the period before taxes9903 | -€3,924 | €456 | €13,067 | €27,037 | ▲ 107% |
| Income taxes67/77 | - | - | €3,713 | €6,824 | ▲ 83.8% |
| Profit (loss) for the period9904 | -€3,924 | €456 | €9,354 | €20,213 | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | -€3,924 | €456 | €9,354 | €20,213 | ▲ 116% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €7,797 | €9,157 | €27,059 | €33,852 | ▲ 25.1% |
| Fixed assets21/28 | €2,754 | €3,377 | €9,045 | €9,282 | ▲ 2.6% |
| Tangible fixed assets22/27 | €2,504 | €3,127 | €8,795 | €9,032 | ▲ 2.7% |
| Furniture and vehicles24 | - | - | €2,700 | €5,240 | ▲ 94.1% |
| Leasing and similar rights25 | - | - | €6,095 | €3,792 | ▼ 37.8% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €5,043 | €5,780 | €18,014 | €24,570 | ▲ 36.4% |
| Amounts receivable within one year40/41 | €1,435 | - | €4,058 | €13,371 | ▲ 229% |
| Trade receivables40 | - | - | - | €13,371 | - |
| Other amounts receivable41 | - | - | €4,058 | - | - |
| Cash at bank and in hand54/58 | €1,761 | €5,153 | €12,668 | €8,012 | ▼ 36.8% |
| Deferred charges and accrued income490/1 | - | - | €1,288 | €3,187 | ▲ 148% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €7,797 | €9,157 | €27,059 | €33,852 | ▲ 25.1% |
| Equity10/15 | -€2,924 | -€2,468 | €1,887 | €1,000 | ▼ 47.0% |
| Contributions10/11 | €1,000 | - | €1,000 | €1,000 | = |
| Contributions outside capital11 | - | - | €1,000 | €1,000 | = |
| Other1109/19 | - | - | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€3,924 | -€3,468 | €887 | - | - |
| Amounts payable17/49 | €10,720 | €11,624 | €25,172 | €32,852 | ▲ 30.5% |
| Amounts payable after more than one year17 | - | - | €4,400 | €2,430 | ▼ 44.8% |
| Financial debts170/4 | - | - | €4,400 | €2,430 | ▼ 44.8% |
| Amounts payable within one year42/48 | €10,720 | €11,624 | €20,772 | €30,422 | ▲ 46.5% |
| Current portion of amounts payable after more than one year42 | - | - | €560 | €1,949 | ▲ 248% |
| Trade debts44 | €7,653 | €3,121 | €5,596 | €2,414 | ▼ 56.9% |
| Suppliers440/4 | - | - | €5,596 | €2,414 | ▼ 56.9% |
| Taxes, remuneration and social security45 | - | - | €9,615 | €14,390 | ▲ 49.7% |
| Taxes450/3 | - | - | €9,615 | €14,390 | ▲ 49.7% |
| Other amounts payable47/48 | - | - | €5,000 | €11,670 | ▲ 133% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,924 | €456 | €9,354 | €20,213 | ▲ 116% |
| + Depreciation and write-downs630 | €976 | €1,088 | €2,375 | €3,483 | ▲ 46.6% |
| Operating cash flow (approximation) | -€2,947 | €1,543 | €11,730 | €23,696 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€1,710 | -€8,043 | -€3,721 | ▲ 53.7% |
| Change in cash | - | €3,392 | €7,515 | -€4,656 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.