ECHO
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 20-12-2022 was due by 20-07-2023 and was filed on 17-01-2023, 184 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2022
184 d early
2021
4 d late
2020
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 58 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Turnover
€80,651▼ 57.1%
2021 · €187,894
EBIT margin
65.5%▲ 78.3pp
2021 · -12.8%
Net result
€49,446
2021 · -€25,346
Working capital
€13,284▼ 70.4%
2020 · €44,890
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Turnover€228,236-€187,894▼ 17.7%€80,651▼ 57.1%
Operating result-€14,629--€23,993▼ 64.0%€52,861
Net result-€15,547--€25,346▼ 63.0%€49,446
EBIT margin-6.4%--12.8%▼ 6.4pp65.5%▲ 78.3pp
Equity€46,453-€21,107▼ 54.6%€70,553▲ 234%
Total assets€97,787-€68,789▼ 29.7%€70,553▲ 2.6%
Debt€51,334-€47,681▼ 7.1%
Working capital€44,890-€13,284▼ 70.4%
Staff (FTE)1.2-1.5▲ 25.0%1▼ 33.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €52,861 after a loss of €23,993 in 2021, the highest result in the available series.
Key figures and ratios
EBITDA
€54,823▲
2021 · -€23,284
Cash flow
€51,408▲
2021 · -€24,638
Solvency
100.0%▲
2021 · 30.7%
ROE
70.1%▲
2021 · -120.1%
ROA
70.1%▲
2021 · -36.8%
Interest coverage
101.50▲
2021 · -17.33
Income taxes
€2,891▲
2021 · €10
Staff costs
€49,924▼
2021 · €96,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €228,236 | €187,894 | €80,651 | ▼ 57.1% |
| Non-recurring operating income76A | - | - | €87,443 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €115,376 | €46,530 | ▼ 59.7% |
| Remuneration, social security and pensions62 | - | €96,291 | €49,924 | ▼ 48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,340 | €708 | €1,962 | ▲ 177% |
| Other operating charges640/8 | - | €672 | €795 | ▲ 18.4% |
| Non-recurring operating charges66A | - | - | €15,701 | - |
| Gross operating margin9900 | €26,348 | €73,678 | €121,243 | ▲ 64.6% |
| Operating profit (loss)9901 | -€14,629 | -€23,993 | €52,861 | ▲ 320% |
| Financial income75/76B | - | - | €16 | - |
| Recurring financial income75 | €10 | - | €16 | - |
| Financial charges65/66B | - | €1,343 | €540 | ▼ 59.8% |
| Recurring financial charges65 | €830 | €1,343 | €540 | ▼ 59.8% |
| Profit (loss) for the period before taxes9903 | -€15,450 | -€25,336 | €52,336 | ▲ 307% |
| Income taxes67/77 | €97 | €10 | €2,891 | ▲ 29,426% |
| Profit (loss) for the period9904 | -€15,547 | -€25,346 | €49,446 | ▲ 295% |
| Profit (loss) for the period to be appropriated9905 | -€15,547 | -€25,346 | €49,446 | ▲ 295% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €97,787 | €68,789 | €70,553 | ▲ 2.6% |
| Fixed assets21/28 | €1,564 | €7,823 | - | - |
| Tangible fixed assets22/27 | €1,564 | €7,823 | - | - |
| Plant, machinery and equipment23 | - | €7,823 | - | - |
| Current assets29/58 | €96,223 | €60,966 | €70,553 | ▲ 15.7% |
| Amounts receivable within one year40/41 | €84,871 | €48,963 | €67,972 | ▲ 38.8% |
| Trade receivables40 | - | €48,963 | - | - |
| Other amounts receivable41 | - | - | €67,972 | - |
| Cash at bank and in hand54/58 | €10,054 | €10,247 | €2,581 | ▼ 74.8% |
| Deferred charges and accrued income490/1 | - | €1,755 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €97,787 | €68,789 | €70,553 | ▲ 2.6% |
| Equity10/15 | €46,453 | €21,107 | €70,553 | ▲ 234% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€15,547 | -€40,893 | €8,553 | ▲ 121% |
| Amounts payable17/49 | €51,334 | €47,681 | - | - |
| Amounts payable within one year42/48 | €51,334 | €47,681 | - | - |
| Trade debts44 | €36,900 | €19,609 | - | - |
| Suppliers440/4 | - | €19,609 | - | - |
| Taxes, remuneration and social security45 | - | €11,206 | - | - |
| Taxes450/3 | - | €6,986 | - | - |
| Remuneration and social security454/9 | - | €4,220 | - | - |
| Other amounts payable47/48 | - | €16,866 | - | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,547 | -€25,346 | €49,446 | ▲ 295% |
| + Depreciation and write-downs630 | €1,340 | €708 | €1,962 | ▲ 177% |
| Operating cash flow (approximation) | -€14,207 | -€24,638 | €51,408 | ▲ 309% |
| Investment in fixed assets (approximation) | - | -€6,968 | - | - |
| Change in cash | - | €193 | -€7,666 | ▼ 4,070% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-12
Financial
Back to profitnet €49,446
Net result €49,446 after 2 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet -€25,346
Net result drops to -€25,346, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerOwners 1
- Radarparent80%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of ECHO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.