EFI
Open bankruptcyFinancials · financial year 2020, micro format
2020 annual accounts filed 88 days after the deadline Filed on 27 October 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-74400050.
Annual accounts 2020 filed on 27-10-2021 PDF all 2 filings
Turnover
€241,230▼ 14.7%
2019 · €282,658
EBIT margin
-4.6%▼ 47.0pp
2019 · 42.5%
Net result
-€11,168
2019 · €92,613
Working capital
€68,923▲ 4.8%
2019 · €65,744
Multi-year overview
2019 to 2020, 2 financial yearsTurnover
€241,230
▼ 14.7%
2020
20192020
Operating result
-€11,014
2020
20192020
Net result
-€11,168
2020
lowest quarter of the sector
20192020
EBIT margin
-4.6%
▼ 47.0pp
2020
20192020
Equity
€93,845
▼ 5.0%
2020
middle half of the sector
20192020
Total assets
€190,793
▲ 17.8%
2020
middle half of the sector
20192020
Debt
€96,948
▲ 53.4%
2020
20192020
Working capital
€68,923
▲ 4.8%
2020
highest quarter of the sector
20192020
Solvency
49.2%
▼ 11.8pp
2020
middle half of the sector
20192020
Current ratio
1.71
▼ 0.33
2020
middle half of the sector
20192020
Return on assets (ROA)
-5.9%
▼ 63.0pp
2020
lowest quarter of the sector
20192020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020
Turnover€282,658-€241,230▼ 14.7%
Operating result€120,067--€11,014
Net result€92,613--€11,168below the sector's middle half
EBIT margin42.5%--4.6%▼ 47.0pp
Equity€98,813-€93,845within the sector's middle half▼ 5.0%
Total assets€161,994-€190,793within the sector's middle half▲ 17.8%
Debt€63,181-€96,948▲ 53.4%
Working capital€65,744-€68,923above the sector's middle half▲ 4.8%
Solvency61.0%-49.2%within the sector's middle half▼ 11.8pp
Current ratio2.04-1.71within the sector's middle half▼ 0.33
Return on assets (ROA)57.2%--5.9%below the sector's middle half▼ 63.0pp
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2020 is a loss of €11,014, after a profit of €120,067 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €190,793
Fixed assets
€24,922 ▼ 24.6%
Current assets
€165,871 ▲ 28.7%
Equity and liabilities €190,793
Equity
€93,845 ▼ 5.0%
Debt
€96,948 ▲ 53.4%
Debt's share of the balance-sheet total rises from 39.0% to 50.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,067▼
2019 · €131,622
Cash flow
-€5,221▼
2019 · €104,168
ROE
-11.9%▼
2019 · 93.7%
Debt ≤ 1 year
€96,948▲
2019 · €63,181
Customer credit
160 days▲
2019 · 140 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €282,658 | €241,230 | ▼ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,555 | €5,947 | ▼ 48.5% |
| Gross operating margin9900 | €222,400 | €135,665 | ▼ 39.0% |
| Operating profit (loss)9901 | €120,067 | -€11,014 | - |
| Recurring financial income75 | €6 | €0 | ▼ 99.8% |
| Recurring financial charges65 | €228 | €154 | ▼ 32.3% |
| Profit (loss) for the period before taxes9903 | €119,845 | -€11,168 | - |
| Income taxes67/77 | €27,232 | - | - |
| Profit (loss) for the period9904 | €92,613 | -€11,168 | - |
| Profit (loss) for the period to be appropriated9905 | €92,613 | -€11,168 | - |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €161,994 | €190,793 | ▲ 17.8% |
| Fixed assets21/28 | €33,070 | €24,922 | ▼ 24.6% |
| Tangible fixed assets22/27 | €33,070 | €17,422 | ▼ 47.3% |
| Financial fixed assets28 | - | €7,500 | - |
| Current assets29/58 | €128,925 | €165,871 | ▲ 28.7% |
| Amounts receivable within one year40/41 | €108,201 | €105,892 | ▼ 2.1% |
| Cash at bank and in hand54/58 | €20,724 | €59,979 | ▲ 189% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €161,994 | €190,793 | ▲ 17.8% |
| Equity10/15 | €98,813 | €93,845 | ▼ 5.0% |
| Contributions10/11 | €6,200 | €12,400 | ▲ 100% |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €90,753 | €79,585 | ▼ 12.3% |
| Amounts payable17/49 | €63,181 | €96,948 | ▲ 53.4% |
| Amounts payable within one year42/48 | €63,181 | €96,948 | ▲ 53.4% |
| Trade debts44 | €22,233 | €54,449 | ▲ 145% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €92,613 | -€11,168 | - |
| + Depreciation and write-downs630 | €11,555 | €5,947 | ▼ 48.5% |
| Operating cash flow (approximation) | €104,168 | -€5,221 | - |
| Investment in fixed assets (approximation) | - | €2,201 | - |
| Change in cash | - | €39,255 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.