E5-MODE
Inactive1 interim measureFinancials · financial year 2020, full format
2020 annual accounts filed 43 days after the deadline Filed on 12 November 2020, deadline 30 September 2020 (7 months after the close on 29 February 2020, Companies Code art. 3:10). Source: NBB, 2020-70100412.
Annual accounts 2020 filed on 12-11-2020 PDF all 52 filings
Turnover
€79.9m▲ 4.3%
2019 · €76.7m
EBIT margin
-6.4%▲ 2.6pp
2019 · -9.0%
Net result
-€5.5m▲ 23.4%
2019 · -€7.1m
Working capital
-€7.4m▼ 98.8%
2019 · -€3.7m
Multi-year overview
2019 to 2020, 2 financial yearsTurnover
€79.9m
▲ 4.3%
2020
20192020
Operating result
-€5.1m
▲ 25.8%
2020
20192020
Net result
-€5.5m
▲ 23.4%
2020
20192020
EBIT margin
-6.4%
▲ 2.6pp
2020
20192020
Equity
-€4.4m
2020
20192020
Total assets
€22.7m
▼ 3.4%
2020
20192020
Debt
€25.5m
▲ 13.9%
2020
20192020
Working capital
-€7.4m
▼ 98.8%
2020
20192020
Staff (FTE)
401.5
▲ 3.6%
2020
20192020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020
Turnover€76.7m-€79.9m▲ 4.3%
Operating result-€6.9m--€5.1m▲ 25.8%
Net result-€7.1m--€5.5m▲ 23.4%
EBIT margin-9.0%--6.4%▲ 2.6pp
Equity€1.1m--€4.4m
Total assets€23.5m-€22.7m▼ 3.4%
Debt€22.4m-€25.5m▲ 13.9%
Working capital-€3.7m--€7.4m▼ 98.8%
Staff (FTE)387.6-401.5▲ 3.6%
The operating result for 2020 is a loss of €5.1m, smaller than the loss of €6.9m in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €22.7m
Fixed assets
€5.1m ▼ 1.6%
Current assets
€17.6m ▼ 3.9%
Equity and liabilities
Equity-€4.4m
Debt€25.5m
Equity is negative. Debt (€25.5m) exceeds the balance-sheet total (€22.7m).
Key figures and ratios
EBITDA
-€3.4m▲
2019 · -€4.9m
Cash flow
-€3.7m▲
2019 · -€5.1m
Solvency
-19.3%▼
2019 · 4.6%
Current ratio
0.70▼
2019 · 0.83
Quick ratio
0.11▲
2019 · 0.10
ROA
-24.0%▲
2019 · -30.3%
Interest coverage
-21.18▲
2019 · -71.01
Debt ≤ 1 year
€25.0m▲
2019 · €22.1m
Income taxes
€6,618▲
2019 · €6,361
Customer credit
4 days▲
2019 · 3 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Revenue breakdown
By activity 2020
- Winkelverkopen €77,978,99897.5%
- Online Verkopen €1,962,2452.5%
Total €79,941,243
Source: 2020 accounts, page 22, filing 2020-70100412
By geographic market 2020
- Omzet België €79,901,16599.9%
- Omzet Europa €40,0780.1%
Total €79,941,243
Source: 2020 accounts, page 22, filing 2020-70100412
All years (2014 to 2020)
By activity
| By activity | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|
| Winkelverkopen | €93,582,218 | €89,106,454 | €89,978,684 | €80,970,963 | €82,486,952 | €75,465,170 | €77,978,998 |
| Online Verkopen | €835,416 | €793,488 | €1,230,718 | €1,371,614 | €1,161,395 | €1,209,936 | €1,962,245 |
| Total | €94,417,635 | €89,899,942 | €91,209,402 | €82,342,577 | €83,648,347 | €76,675,106 | €79,941,243 |
By geographic market
| By geographic market | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|
| Omzet België | - | - | - | - | €82,887,000 | €76,650,748 | €79,901,165 |
| Omzet Europa | - | - | - | - | €761,347 | €24,358 | €40,078 |
| BE | €94,210,383 | €89,801,238 | €91,170,379 | €82,303,927 | - | - | - |
| NL | €204,718 | €84,000 | €30,405 | €27,007 | - | - | - |
| FR | €1,830 | €12,361 | €7,467 | €10,609 | - | - | - |
| DE | €462 | €914 | €269 | €553 | - | - | - |
| LU | €174 | €238 | €777 | €481 | - | - | - |
| GB | €68 | €1,192 | €105 | €0 | - | - | - |
| Total | €94,417,635 | €89,899,942 | €91,209,402 | €82,342,577 | €83,648,347 | €76,675,106 | €79,941,243 |
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €76.7m | €79.9m | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.0m | €1.7m | ▼ 12.9% |
| Operating profit (loss)9901 | -€6.9m | -€5.1m | ▲ 25.8% |
| Recurring financial income75 | €0.03m | €0.04m | ▲ 34.2% |
| Recurring financial charges65 | €0.3m | €0.4m | ▲ 48.3% |
| Debt charges650 | €0.07m | €0.2m | ▲ 131% |
| Profit (loss) for the period before taxes9903 | -€7.1m | -€5.5m | ▲ 23.4% |
| Income taxes67/77 | €0.006m | €0.007m | ▲ 4.0% |
| Profit (loss) for the period9904 | -€7.1m | -€5.5m | ▲ 23.4% |
| Profit (loss) for the period to be appropriated9905 | -€7.1m | -€5.5m | ▲ 23.4% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €23.5m | €22.7m | ▼ 3.4% |
| Fixed assets21/28 | €5.2m | €5.1m | ▼ 1.6% |
| Intangible fixed assets21 | €0.7m | €1.7m | ▲ 160% |
| Tangible fixed assets22/27 | €4.5m | €3.4m | ▼ 24.9% |
| Financial fixed assets28 | €0.03m | €0.03m | = |
| Current assets29/58 | €18.3m | €17.6m | ▼ 3.9% |
| Stocks and contracts in progress3 | €16.1m | €14.9m | ▼ 7.7% |
| Amounts receivable within one year40/41 | €0.5m | €0.8m | ▲ 56.1% |
| Cash at bank and in hand54/58 | €0.9m | €0.7m | ▼ 14.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €23.5m | €22.7m | ▼ 3.4% |
| Equity10/15 | €1.1m | -€4.4m | - |
| Contributions10/11 | €4.8m | €4.8m | = |
| Reserves13 | €1.2m | €1.2m | = |
| Profit (loss) carried forward14 | -€4.9m | -€10.4m | ▼ 111% |
| Provisions and deferred taxes16 | €0.1m | €1.7m | ▲ 16× |
| Amounts payable17/49 | €22.4m | €25.5m | ▲ 13.9% |
| Amounts payable within one year42/48 | €22.1m | €25.0m | ▲ 13.4% |
| Trade debts44 | €14.5m | €17.6m | ▲ 21.6% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€7.1m | -€5.5m | ▲ 23.4% |
| + Depreciation and write-downs630 | €2.0m | €1.7m | ▼ 12.9% |
| Operating cash flow (approximation) | -€5.1m | -€3.7m | ▲ 27.4% |
| Investment in fixed assets (approximation) | - | -€1.6m | - |
| Change in cash | - | -€0.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 52 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 29-02-2020 | full format | 12-11-2020 | 2020-70100412 | |
| 28-02-2019 | full format | 14-01-2020 | 2020-01000463 | |
| 28-02-2018 | full format | 17-09-2018 | 2018-64000281 | |
| 28-02-2017 | full format | 31-10-2017 | 2017-69100534 | |
| 29-02-2016 | full format | 18-10-2016 | 2016-65800258 | |
| 28-02-2015 | full format | 02-09-2015 | 2015-57100228 | |
| 28-02-2014 | full format | 22-09-2014 | 2014-59200529 | |
| 28-02-2013 | full format | 23-09-2013 | 2013-59100305 | |
| 29-02-2012 | full format | 27-09-2012 | 2012-57700506 | |
| 28-02-2011 | full format | 22-09-2011 | 2011-55000459 |