EDULINGE
InactiveFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 10-05-2024 PDF all 16 filings
Equity
€4.1m▼ 30.5%
2022 · €5.9m
Total assets
€4.1m▼ 30.0%
2022 · €5.9m
Net result
-€1.8m
2022 · €1.9m
Working capital
€4.1m▲ 123%
2022 · €1.8m
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€20,471
▼ 875%
2023
20182023
Net result
-€1.8m
2023
20182023
Equity
€4.1m
▼ 30.5%
2023
20182023
Total assets
€4.1m
▼ 30.0%
2023
20182023
Debt
€57,401
▲ 34.4%
2023
20182023
Working capital
€4.1m
▲ 123%
2023
20182023
Staff (FTE)
0
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€0.002m--€0.003m▼ 4.1%-€0.002m▲ 1.6%-€0.002m▲ 3.1%-€0.002m▲ 12.6%-€0.02m▼ 875%
Net result-€0.002m--€0.003m▼ 4.2%-€0.002m▲ 1.4%-€0.002m▲ 3.0%€1.9m-€1.8m
Equity€4.0m-€4.0m▼ 0.1%€4.0m▼ 0.1%€4.0m▼ 0.1%€5.9m▲ 46.5%€4.1m▼ 30.5%
Total assets€4.0m-€4.0m▼ 0.1%€4.0m=€4.0m=€5.9m▲ 46.2%€4.1m▼ 30.0%
Debt€0.03m-€0.03m▲ 0.3%€0.03m▲ 3.1%€0.04m▲ 13.4%€0.04m▲ 17.1%€0.06m▲ 34.4%
Working capital-€0.03m--€0.03m▼ 9.5%-€0.03m▼ 8.6%-€0.03m▼ 7.7%€1.8m€4.1m▲ 123%
Staff (FTE)00
The operating result for 2023 is a loss of €20,471, larger than the loss of €2,100 in 2022. It is the lowest result since 2019.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €4.1m
Equity
€4.1m ▼ 30.5%
Debt
€57,401 ▲ 34.4%
Debt's share of the balance-sheet total rises from 0.7% to 1.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
72.09▲
2022 · 43.83
Debt to equity
0.01▲
2022 · 0.01
ROE
-43.8%▼
2022 · 31.7%
ROA
-43.2%▼
2022 · 31.5%
Debt ≤ 1 year
€57,401▲
2022 · €42,700
Income taxes
€19,223▼
2022 · €42,700
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | ▲ 10.2% |
| Gross operating margin9900 | -€0.001m | -€0.002m | -€0.002m | -€0.001m | -€0.001m | -€0.02m | ▼ 1,617% |
| Operating profit (loss)9901 | -€0.002m | -€0.003m | -€0.002m | -€0.002m | -€0.002m | -€0.02m | ▼ 875% |
| Financial income75/76B | - | - | - | - | €1.9m | €0.09m | ▼ 95.3% |
| Recurring financial income75 | - | - | - | - | €1.9m | €0.09m | ▼ 95.3% |
| Financial charges65/66B | - | - | - | €23 | €24 | €1.8m | ▲ 76,663× |
| Recurring financial charges65 | €15 | €17 | €21 | €23 | €24 | €0.001m | ▲ 43× |
| Non-recurring financial charges66B | - | - | - | - | - | €1.8m | - |
| Profit (loss) for the period before taxes9903 | -€0.002m | -€0.003m | -€0.002m | -€0.002m | €1.9m | -€1.8m | - |
| Income taxes67/77 | - | - | - | - | €0.04m | €0.02m | ▼ 55.0% |
| Profit (loss) for the period9904 | -€0.002m | -€0.003m | -€0.002m | -€0.002m | €1.9m | -€1.8m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.002m | -€0.003m | -€0.002m | -€0.002m | €1.9m | -€1.8m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €4.0m | €4.0m | €4.0m | €4.0m | €5.9m | €4.1m | ▼ 30.0% |
| Fixed assets21/28 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | €0 | ▼ 100% |
| Financial fixed assets28 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | €0 | ▼ 100% |
| Current assets29/58 | €0.005m | €0.002m | €0.001m | €0.002m | €1.9m | €4.1m | ▲ 121% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.5m | €0.5m | = |
| Other amounts receivable291 | - | - | - | - | €0.5m | €0.5m | = |
| Amounts receivable within one year40/41 | - | - | - | €0.001m | €0.5m | €1.0m | ▲ 96.7% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.5m | €1.0m | ▲ 96.7% |
| Current investments50/53 | - | - | - | - | €0.5m | €2.5m | ▲ 405% |
| Cash at bank and in hand54/58 | €0.005m | €0.002m | €0.001m | €0.002m | €0.3m | €0.01m | ▼ 96.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.02m | €0.07m | ▲ 185% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €4.0m | €4.0m | €4.0m | €4.0m | €5.9m | €4.1m | ▼ 30.0% |
| Equity10/15 | €4.0m | €4.0m | €4.0m | €4.0m | €5.9m | €4.1m | ▼ 30.5% |
| Contributions10/11 | €3.6m | €3.6m | - | €3.6m | €3.6m | €3.6m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.6m | €0.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.2m | €0.2m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | €0.4m | €0.6m | ▲ 48.7% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €1.6m | -€0.1m | - |
| Amounts payable17/49 | €0.03m | €0.03m | €0.03m | €0.04m | €0.04m | €0.06m | ▲ 34.4% |
| Amounts payable within one year42/48 | €0.03m | €0.03m | €0.03m | €0.04m | €0.04m | €0.06m | ▲ 34.4% |
| Trade debts44 | - | €89 | €61 | €164 | €0 | €0.002m | - |
| Suppliers440/4 | - | - | - | €164 | €0 | €0.002m | - |
| Taxes, remuneration and social security45 | - | - | - | - | €0.04m | €0.06m | ▲ 30.1% |
| Taxes450/3 | - | - | - | - | €0.04m | €0.06m | ▲ 30.1% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.002m | -€0.003m | -€0.002m | -€0.002m | €1.9m | -€1.8m | - |
| Operating cash flow (approximation) | -€0.002m | -€0.003m | -€0.002m | -€0.002m | €1.9m | -€1.8m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €4.0m | - |
| Change in cash | - | -€0.002m | -€0.002m | €0.001m | €0.3m | -€0.3m | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 10-05-2024 | 2024-00085578 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00400131 | |
| 31-12-2021 | abbreviated format | 27-07-2022 | 2022-20230127 | |
| 31-12-2020 | abbreviated format | 26-07-2021 | 2021-40500093 | |
| 31-12-2019 | abbreviated format | 20-08-2020 | 2020-42700504 | |
| 31-12-2018 | abbreviated format | 08-07-2019 | 2019-29900051 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-35400527 | |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-31100415 | |
| 31-12-2015 | abbreviated format | 04-07-2016 | 2016-27900059 | |
| 31-12-2014 | abbreviated format | 17-07-2015 | 2015-32000563 |