E-TECH

Inactive KBO/BCE: BE 0478.411.621

E-TECH

Financial year 2020

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Annual accounts 2020

micro format, filed on 26-08-2021, 26 days late

Gross margin

€1,809

▼ 93.8%

Operating result

€1,391

▼ 94.5%

Profit

€1,404

▼ 94.1%

Working capital

€139,341

▲ 0.6%

Solvency

84.4%

▲ 2.3 percentage points

Current ratio

6.40

▲ 0.81

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €14,000. Estimated: probably between €6,300 and €33,000.

Balance sheet

balance sheet total €165,833 on 31-12-2020

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	165,833	168,821	151,335	121,313	95,444	83,656	69,785	53,812	47,968	48,811	38,183	31,866	32,346	40,371	58,984
Formation expenses`20`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fixed assets`21/28`	674	150	3,160	6,169	536	307	725	794	391	3,150	356	751	5,650	10,879	15,551
Intangible fixed assets`21`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	524	-	3,010	6,019	386	157	575	644	241	3,000	206	601	5,500	10,729	15,401
Land and buildings`22`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	524	-	509	1,019	386	157	575	644	241	-	206	601	688	1,104	964
Furniture and vehicles`24`	0	-	2,501	5,000	-	-	-	-	-	3,000	-	-	-	-	-
Other tangible fixed assets`26`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets under construction and advance payments`27`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	150	150	150	150	150	150	150	150	150	150	150	150	150	150	150
Current assets`29/58`	165,159	168,671	148,175	115,144	94,908	83,349	69,060	53,018	47,577	45,661	37,827	31,115	26,696	29,492	43,433
Trade receivables`290`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stocks`30/36`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contracts in progress`37`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	154,252	167,545	147,915	110,961	94,312	83,287	66,925	40,782	47,219	45,337	35,970	30,616	26,661	27,656	42,892
Trade receivables`40`	0	19,525	17,963	15,330	10,103	18,275	15,821	11,211	18,337	27,392	17,561	21,728	15,033	24,076	40,456
Other amounts receivable`41`	154,252	148,020	129,952	95,631	84,209	65,012	51,104	29,571	28,882	17,945	18,409	8,888	11,628	3,580	2,436
Current investments`50/53`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	10,244	1,126	260	4,183	596	62	2,135	12,236	358	324	1,857	499	35	1,836	541
Deferred charges and accrued income`490/1`	663	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	165,833	168,821	151,335	121,313	95,444	83,656	69,785	53,812	47,968	48,811	38,183	31,866	32,346	40,371	58,984
Equity`10/15`	140,015	138,611	114,929	88,127	68,123	59,772	46,311	33,871	35,666	35,322	26,041	17,355	10,665	12,033	27,326
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Contributions outside capital`11`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share premium`1100/10`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1109/19`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revaluation surpluses`12`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	133,815	132,411	108,729	81,927	61,923	53,572	40,111	29,466	29,466	29,122	21,126	21,126	21,126	21,126	21,126
Non-distributable reserves`130/1`	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial assistance`1313`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000
Distributable reserves`133`	121,955	120,551	96,869	70,067	50,063	41,712	28,251	17,606	17,606	17,262	9,266	9,266	9,266	9,266	9,266
Profit (loss) carried forward`14`	0	-	-	-	-	-	-	-1,795	-	-	-1,285	-9,971	-16,661	-15,293	-
Investment grants`15`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance to shareholders on the distribution of net assets`19`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pensions and similar obligations`160`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes`161`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Major repairs and maintenance`162`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Environmental obligations`163`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities and charges`164/5`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred taxes`168`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	25,818	30,210	36,406	33,186	27,321	23,884	23,474	19,941	12,302	13,489	12,142	14,511	21,681	28,338	31,658
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	-	4,084	8,039	11,772
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	4,084	8,039	11,772
Trade debts`175`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances received on contracts in progress`176`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`178/9`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	25,818	30,210	36,406	33,186	27,052	23,884	23,059	19,941	12,302	13,489	12,142	14,511	17,597	20,299	19,886
Current portion of amounts payable after more than one year`42`	0	-	-	-	-	-	-	-	-	-	-	4,084	3,955	3,733	3,523
Credit institutions`430/8`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loans`439`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	24,309	5,514	7,132	8,619	9,393	10,495	10,739	8,597	8,752	10,046	11,519	10,427	13,642	16,171	9,437
Suppliers`440/4`	24,309	5,514	7,132	8,619	9,393	10,495	10,739	8,597	8,752	10,046	11,519	10,427	13,642	16,171	9,437
Bills of exchange payable`441`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances received on contracts in progress`46`	1,509	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	-	24,696	29,274	24,567	17,659	13,389	12,320	11,344	3,550	3,443	623	-	-	395	3,550
Taxes`450/3`	0	24,696	29,274	24,567	17,659	13,389	12,320	11,344	3,550	3,443	623	-	-	375	1,215
Remuneration and social security`454/9`	0	-	-	-	-	-	-	-	-	-	-	-	-	20	2,335
Other amounts payable`47/48`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	3,376
Accrued charges and deferred income`492/3`	0	-	-	-	269	-	415	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	1,809	29,186	33,777	30,583	9,076	18,094	22,003	3,502	7,521	23,103	9,634	38,178	31,172	30,020	30,261
Remuneration, social security and pensions`62`	0	-	-	-	279	135	1,306	1,302	1,302	536	-	25,071	26,102	38,030	22,164
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	79	3,010	3,009	3,395	350	418	539	382	3,121	3,206	395	5,518	5,794	5,606	5,491
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	339	965	764	1,226	809	709	1,038	632	1,300	1,346	618	540	525	624	446
Operating charges capitalised as restructuring costs`649`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating charges`66A`	0	-	-	-	-	-	-	-	-	4,948	-	-	-	-	-
Operating profit (loss)`9901`	1,391	25,211	30,004	25,962	7,638	16,832	19,120	1,186	1,798	18,015	8,621	7,049	-1,249	-14,240	2,160
Financial income`75/76B`	0	11,690	9,652	7,563	7,034	4,552	-	1	1	-	1,247	696	561	7	21
Recurring financial income`75`	0	11,690	9,652	7,563	7,034	4,552	-	1	1	-	1,247	696	561	7	21
Non-recurring financial income`76B`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	0	1,724	1,545	2,371	2,379	2,799	1,880	1,891	655	1,036	1,182	1,055	680	1,244	1,050
Recurring financial charges`65`	0	1,724	1,545	2,371	2,379	2,799	1,880	1,891	655	1,036	1,182	1,055	680	1,244	1,050
Non-recurring financial charges`66B`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	1,391	35,177	38,111	31,154	12,293	18,585	17,240	-704	1,144	12,031	8,686	6,690	-1,368	-15,477	1,131
Income taxes`67/77`	-13	11,495	11,309	11,150	3,942	5,124	4,800	1,091	800	2,750	-	-	-	-184	600
Profit (loss) for the period`9904`	1,404	23,682	26,802	20,004	8,351	13,461	12,440	-1,795	344	9,281	8,686	6,690	-1,368	-15,293	531
Transfer from tax-exempt reserves`789`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	1,404	23,682	26,802	20,004	8,351	13,461	12,440	-1,795	344	9,281	8,686	6,690	-1,368	-15,293	531
Appropriation of the result
Profit (loss) to be appropriated`9906`	1,404	23,682	26,802	20,004	8,351	13,461	10,645	-1,795	344	7,996	-1,285	-9,971	-16,661	-15,293	531
Transfer from equity`791/2`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	1,404	23,682	26,802	20,004	8,351	13,461	10,645	-	344	7,996	-	-	-	-	531
Addition to contributions`691`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	1,404	-	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	0	23,682	26,802	20,004	8,351	13,461	10,645	-	344	7,996	-	-	-	-	531
Return on contributions (dividend)`694`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employees`696`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,102
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2020 (PDF), filed on 26-08-2021.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2020 annual accounts filed 26 days after the deadline. Filed on 26 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-54000359.

Financial year	Type	Filed	Reference	Document
31-12-2020	micro format	26-08-2021	2021-54000359	PDF
31-12-2019	micro format	24-07-2020	2020-33800100	PDF
31-12-2018	micro format	31-08-2019	2019-60700028	PDF
31-12-2017	micro format	24-07-2018	2018-37800276	PDF
31-12-2016	micro format	23-11-2017	2017-70600116	PDF
31-12-2015	abbreviated format	23-12-2016	2016-71700195	PDF
31-12-2014	abbreviated format	06-08-2015	2015-39700288	PDF
31-12-2013	abbreviated format	30-06-2014	2014-22700248	PDF
31-12-2012	abbreviated format	12-06-2013	2013-16600226	PDF
31-12-2011	abbreviated format	21-06-2012	2012-21200576	PDF
31-12-2010	abbreviated format	31-07-2011	2011-35400390	PDF
31-12-2009	abbreviated format	30-07-2010	2010-36000225	PDF
31-12-2008	abbreviated format	07-07-2009	2009-35200272	PDF
31-12-2007	abbreviated format	26-06-2008	2008-29900050	PDF
31-12-2006	abbreviated format	25-07-2007	2007-45400028	PDF
31-12-2005	abbreviated format	05-07-2006	2006-41200396	PDF
31-12-2004	abbreviated format	29-09-2005	2005-76100325	PDF
31-12-2003	abbreviated format	14-07-2004	2004-45601843	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	1,470	28,221	33,013	29,357	7,988	17,250	19,659	1,568	4,919	21,221	9,016	12,567	4,545	-8,634	7,651
Cash flow	1,483	26,692	29,811	23,399	8,701	13,879	12,979	-1,413	3,465	12,487	9,081	12,208	4,426	-9,687	6,022
Investment in fixed assets (approximation)	603	0	0	9,028	579	0	470	785	362	6,000	0	619	565	934	1,446
Change in cash	9,118	866	-3,923	3,587	534	-2,073	-10,101	11,878	34	-1,533	1,358	464	-1,801	1,295	-
Working capital	139,341	138,461	111,769	81,958	67,856	59,465	46,001	33,077	35,275	32,172	25,685	16,604	9,099	9,193	23,547
Solvency	84.4%	82.1%	75.9%	72.6%	71.4%	71.4%	66.4%	62.9%	74.4%	72.4%	68.2%	54.5%	33.0%	29.8%	46.3%
Current ratio	6.40	5.58	4.07	3.47	3.51	3.49	2.99	2.66	3.87	3.39	3.12	2.14	1.52	1.45	2.18
Debt to equity	0.18	0.22	0.32	0.38	0.40	0.40	0.51	0.59	0.34	0.38	0.47	0.84	2.03	2.36	1.16
ROE	1.0%	17.1%	23.3%	22.7%	12.3%	22.5%	26.9%	-5.3%	1.0%	26.3%	33.4%	38.5%	-12.8%	-127.1%	1.9%
ROA	0.8%	14.0%	17.7%	16.5%	8.7%	16.1%	17.8%	-3.3%	0.7%	19.0%	22.7%	21.0%	-4.2%	-37.9%	0.9%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on E-TECH

The operating result for 2020 is 94% lower than in 2019 and the lowest since 2013. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 17.9% to 15.6%. Equity is higher and debt is lower.