E-VOLUTION
InactiveFinancials · financial year 2022, abbreviated format
Equity
€687,442▲ 7.0%
2021 · €642,596
Total assets
€722,473▲ 9.0%
2021 · €663,098
Net result
€44,846
2021 · -€17,407
Working capital
€270,531▼ 16.6%
2021 · €324,442
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result returns to profit in 2022: €37,809 after a loss of €16,073 in 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€37,809
2022
Net result€44,846
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€722,473
2022
Equity€687,442
2022
Debt€35,031
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€270,531
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€404,793-€193,658▼ 52.2%-€5,740-€16,073▼ 180%€37,809
Net result€257,788-€126,285▼ 51.0%-€18,836-€17,407▲ 7.6%€44,846
Equity€552,554-€678,839▲ 22.9%€660,003▼ 2.8%€642,596▼ 2.6%€687,442▲ 7.0%
Total assets€693,252-€789,900▲ 13.9%€702,286▼ 11.1%€663,098▼ 5.6%€722,473▲ 9.0%
Debt€120,141-€91,507▼ 23.8%€23,690▼ 74.1%€2,840▼ 88.0%€35,031▲ 12×
Working capital€273,307-€362,627▲ 32.7%€329,844▼ 9.0%€324,442▼ 1.6%€270,531▼ 16.6%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €722,473
Fixed assets
€416,911 ▲ 24.1%
Current assets
€305,562 ▼ 6.6%
Equity and liabilities €722,473
Equity
€687,442 ▲ 7.0%
Provisions
€0 ▼ 100%
Debt
€35,031 ▲ 12×
Debt's share of the balance-sheet total rises from 0.4% to 4.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,809▲
2021 · €1,527
Cash flow
€44,846▲
2021 · €193
Current ratio
8.72
Debt to equity
0.05▲
2021 · 0.00
ROE
6.5%▲
2021 · -2.7%
ROA
6.2%▲
2021 · -2.6%
Interest coverage
5.45▲
2021 · 0.17
Debt ≤ 1 year
€35,031▲
2021 · €2,840
Income taxes
€47,120
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €91,146 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,167 | €19,875 | €18,265 | €17,600 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €1,297 | €21,239 | ▲ 16× |
| Non-recurring operating charges66A | - | - | - | - | €522 | - |
| Gross operating margin9900 | €428,206 | €215,247 | €15,824 | €2,824 | €59,570 | ▲ 21× |
| Operating profit (loss)9901 | €404,793 | €193,658 | -€5,740 | -€16,073 | €37,809 | - |
| Financial income75/76B | - | - | - | €6,618 | €43,435 | ▲ 556% |
| Recurring financial income75 | €1,428 | €1,400 | €2,430 | €6,618 | €43,435 | ▲ 556% |
| Financial charges65/66B | - | - | - | €8,883 | €6,940 | ▼ 21.9% |
| Recurring financial charges65 | €3,942 | €2,129 | €7,464 | €8,883 | €6,940 | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €402,280 | €192,929 | -€10,774 | -€18,338 | €74,304 | - |
| Transfer from deferred taxes780 | - | - | - | €931 | €17,662 | ▲ 19× |
| Income taxes67/77 | €146,255 | €67,646 | €9,025 | - | €47,120 | - |
| Profit (loss) for the period9904 | €257,788 | €126,285 | -€18,836 | -€17,407 | €44,846 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €1,807 | €52,215 | ▲ 29× |
| Profit (loss) for the period to be appropriated9905 | €261,214 | €128,230 | -€16,967 | -€15,600 | €97,061 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €693,252 | €789,900 | €702,286 | €663,098 | €722,473 | ▲ 9.0% |
| Fixed assets21/28 | €299,804 | €335,767 | €348,752 | €335,815 | €416,911 | ▲ 24.1% |
| Tangible fixed assets22/27 | €299,754 | €335,717 | €348,702 | €335,765 | €416,911 | ▲ 24.2% |
| Land and buildings22 | - | - | - | €302,403 | €392,043 | ▲ 29.6% |
| Plant, machinery and equipment23 | - | - | - | €13,422 | €13,422 | = |
| Furniture and vehicles24 | - | - | - | €8,494 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €11,446 | €11,446 | = |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €0 | ▼ 100% |
| Current assets29/58 | €393,448 | €454,133 | €353,534 | €327,283 | €305,562 | ▼ 6.6% |
| Amounts receivable after more than one year29 | - | - | - | €112,000 | €112,000 | = |
| Other amounts receivable291 | - | - | - | €112,000 | €112,000 | = |
| Amounts receivable within one year40/41 | €9,789 | €82,915 | €50,011 | €25,626 | €50,983 | ▲ 98.9% |
| Trade receivables40 | - | - | - | €9,075 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €16,551 | €50,983 | ▲ 208% |
| Current investments50/53 | €48,948 | €50,000 | €114,708 | €97,781 | €60,706 | ▼ 37.9% |
| Cash at bank and in hand54/58 | €301,406 | €273,201 | €74,916 | €91,875 | €81,873 | ▼ 10.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €693,252 | €789,900 | €702,286 | €663,098 | €722,473 | ▲ 9.0% |
| Equity10/15 | €552,554 | €678,839 | €660,003 | €642,596 | €687,442 | ▲ 7.0% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | = |
| Reserves13 | €467,720 | €594,005 | €592,136 | €590,328 | €635,164 | ▲ 7.6% |
| Non-distributable reserves130/1 | - | - | - | €24,360 | €24,360 | = |
| Reserves not available under the articles1311 | - | - | - | €24,360 | €24,360 | = |
| Tax-exempt reserves132 | - | - | - | €52,215 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €513,754 | €610,804 | ▲ 18.9% |
| Profit (loss) carried forward14 | €72,434 | €72,434 | €55,467 | €39,867 | €39,878 | = |
| Provisions and deferred taxes16 | €20,557 | €19,555 | €18,592 | €17,662 | €0 | ▼ 100% |
| Deferred taxes168 | - | - | - | €17,662 | €0 | ▼ 100% |
| Amounts payable17/49 | €120,141 | €91,507 | €23,690 | €2,840 | €35,031 | ▲ 12× |
| Amounts payable within one year42/48 | €120,141 | €91,507 | €23,690 | €2,840 | €35,031 | ▲ 12× |
| Trade debts44 | €8,275 | €6,650 | €4,062 | €536 | €6,006 | ▲ 11× |
| Suppliers440/4 | - | - | - | €536 | €6,006 | ▲ 11× |
| Taxes, remuneration and social security45 | - | - | - | €2,305 | €29,025 | ▲ 13× |
| Taxes450/3 | - | - | - | €2,305 | €29,025 | ▲ 13× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €257,788 | €126,285 | -€18,836 | -€17,407 | €44,846 | - |
| + Depreciation and write-downs630 | €21,167 | €19,875 | €18,265 | €17,600 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €278,956 | €146,160 | -€571 | €193 | €44,846 | ▲ 232× |
| Investment in fixed assets (approximation) | - | -€55,839 | -€31,250 | -€4,664 | -€81,096 | ▼ 1,639% |
| Change in cash | - | -€28,205 | -€198,285 | €16,959 | -€10,003 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 14-03-2023 | 2023-00039900 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20411953 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63000038 |
| 31-12-2019 | micro format | 03-07-2020 | 2020-26300441 |
| 31-12-2018 | micro format | 11-07-2019 | 2019-31500478 |
| 31-12-2017 | micro format | 20-06-2018 | 2018-20400073 |
| 31-12-2016 | micro format | 31-07-2017 | 2017-38600001 |
| 31-12-2015 | abbreviated format | 07-06-2016 | 2016-16000194 |
| 31-12-2014 | abbreviated format | 29-07-2015 | 2015-36000094 |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-53300248 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.