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ECOLE EIM

Inactive
Non-profit associationKBO/BCE: BE 0890.181.965
ECOLE EIMInactive

Financials · financial year 2020, full format

2020 annual accounts filed 100 days after the deadline Filed on 8 November 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-77000396.

Annual accounts 2020 filed on 08-11-2021 PDF all 8 filings

Turnover
≈ €4.0m
Estimated: probably between €2.7m and €6.6m
EBIT margin
Not included in this filing
Net result
€569,931
2019 · -€185,507
Working capital
€22,072
2019 · -€289,166
Trend over the years

2019 to 2020, 2 financial years 2019 to 2020, 2 financial years

The operating result for 2020 is a profit of €588,036, after a loss of €181,660 in 2019.

Operating result€0.6m 2020 Net result€0.6m 2020

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20192020
Operating result-€0.2m-€0.6m
Net result-€0.2m-€0.6m
Equity-€0.6m-€0.007m
Total assets€0.7m-€2.8m▲ 268%
Debt€1.3m-€2.7m▲ 106%
Working capital-€0.3m-€0.02m
Staff (FTE)14.6-16.7▲ 14.4%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €2.8m
Fixed assets €22,765 ▼ 94.8%
Current assets €2.7m ▲ 777%
Equity and liabilities €2.8m
Equity €6,729
Provisions €37,400
Debt €2.7m
Debt's share of the balance-sheet total is 98.4%.
Key figures and ratios
2020 value · change against 2019
EBITDA
€601,017▲
2019 · -€96,964
Cash flow
€582,912▲
2019 · -€100,811
Current ratio
1.01▲
2019 · 0.52
ROA
20.7%▲
2019 · -24.8%
Debt ≤ 1 year
€2.7m▲
2019 · €600,470
Income taxes
€417
A ratio outside any meaningful range has been withheld (balance sheet total €2.8m, equity €6,729).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 24 lines
Balance sheet Code20192020
Assets
Total assets20/58€0.7m€2.8m▲
Fixed assets21/28€0.4m€0.02m▼
Intangible fixed assets21€0.01m-
Tangible fixed assets22/27€0.3m€0.004m▼
Financial fixed assets28€0.1m€0.02m▼
Current assets29/58€0.3m€2.7m▲
Amounts receivable within one year40/41€0.01m€1.7m▲
Cash at bank and in hand54/58€0.3m€1.0m▲
Equity and liabilities
Total equity and liabilities10/49€0.7m€2.8m▲
Equity10/15-€0.6m€0.007m▲
Profit (loss) carried forward14-€0.6m€0.007m▲
Provisions and deferred taxes16-€0.04m
Amounts payable17/49€1.3m€2.7m▲
Amounts payable within one year42/48€0.6m€2.7m▲
Trade debts44€0.1m€2.6m▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.08m€0.01m▼
Gross operating margin9900€0.8m€2.3m▲
Operating profit (loss)9901-€0.2m€0.6m▲
Recurring financial income75€154€13▼
Recurring financial charges65€0.005m€0.005m▼
Profit (loss) for the period before taxes9903-€0.2m€0.6m▲
Income taxes67/77-€417
Profit (loss) for the period9904-€0.2m€0.6m▲
Profit (loss) for the period to be appropriated9905-€0.2m€0.6m▲

Source: Annual accounts 2020 (PDF), filed on 08-11-2021.

Line20192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.08m€0.01m▼ 84.7%
Gross operating margin9900€0.8m€2.3m▲ 183%
Operating profit (loss)9901-€0.2m€0.6m-
Recurring financial income75€154€13▼ 91.4%
Recurring financial charges65€0.005m€0.005m▼ 4.6%
Profit (loss) for the period before taxes9903-€0.2m€0.6m-
Income taxes67/77-€417-
Profit (loss) for the period9904-€0.2m€0.6m-
Profit (loss) for the period to be appropriated9905-€0.2m€0.6m-
Line20192020Change
Assets
Total assets20/58€0.7m€2.8m▲ 268%
Fixed assets21/28€0.4m€0.02m▼ 94.8%
Intangible fixed assets21€0.01m--
Tangible fixed assets22/27€0.3m€0.004m▼ 98.7%
Financial fixed assets28€0.1m€0.02m▼ 81.4%
Current assets29/58€0.3m€2.7m▲ 777%
Amounts receivable within one year40/41€0.01m€1.7m▲ 138×
Cash at bank and in hand54/58€0.3m€1.0m▲ 278%
Equity and liabilities
Total equity and liabilities10/49€0.7m€2.8m▲ 268%
Equity10/15-€0.6m€0.007m-
Profit (loss) carried forward14-€0.6m€0.007m-
Provisions and deferred taxes16-€0.04m-
Amounts payable17/49€1.3m€2.7m▲ 106%
Amounts payable within one year42/48€0.6m€2.7m▲ 351%
Trade debts44€0.1m€2.6m▲ 20×
Line20192020Change
Profit (loss) for the period9904-€185,507€569,931-
+ Depreciation and write-downs630€84,696€12,981▼ 84.7%
Operating cash flow (approximation)-€100,811€582,912-
Investment in fixed assets (approximation)-€402,103-
Change in cash-€767,758-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (8)
Financial year Type Filed Reference Document
31-12-2020 full format 08-11-2021 2021-77000396 PDF
30-06-2019 full format 19-02-2020 2020-05300245 PDF
30-06-2018 full format 20-12-2018 2018-75400399 PDF
30-06-2017 full format 16-05-2018 2018-13000025 PDF
30-06-2016 full format 27-01-2017 2017-02700527 PDF
30-06-2015 full format 29-08-2016 2016-52200162 PDF
30-06-2014 full format 22-01-2015 2015-02300282 PDF
31-12-2013 full format 29-07-2014 2014-37100178 PDF