EIGEN GIFT, EIGEN HULP
InactiveFinancials · financial year 2022, full format
Annual accounts 2022 filed on 28-04-2023 PDF all 46 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€1.9m▼ 0.7%
2021 · €1.9m
EBIT margin
24.5%▼ 19.3pp
2021 · 43.8%
Net result
€185,205▼ 63.6%
2021 · €509,076
Working capital
€4.3m▼ 14.9%
2021 · €5.0m
Multi-year overview
2018 to 2022, 5 financial yearsTurnover
€1.9m
▼ 0.7%
2022
20182022
Operating result
€466,831
▼ 44.5%
2022
20182022
Net result
€185,205
▼ 63.6%
2022
20182022
EBIT margin
24.5%
▼ 19.3pp
2022
20182022
Equity
€8.9m
▲ 1.6%
2022
20182022
Total assets
€38.4m
▲ 5.0%
2022
20182022
Debt
€28.9m
▲ 6.4%
2022
20182022
Working capital
€4.3m
▼ 14.9%
2022
20182022
Staff (FTE)
6.5
▲ 6.6%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€2.0m-€2.1m▲ 1.6%€2.0m▼ 4.5%€1.9m▼ 2.2%€1.9m▼ 0.7%
Operating result€0.7m-€0.7m▲ 6.1%€0.8m▲ 13.3%€0.8m▲ 6.5%€0.5m▼ 44.5%
Net result€0.3m-€0.4m▲ 12.5%€0.5m▲ 28.0%€0.5m▲ 12.5%€0.2m▼ 63.6%
EBIT margin32.4%-33.9%▲ 1.5pp40.2%▲ 6.3pp43.8%▲ 3.6pp24.5%▼ 19.3pp
Equity€7.3m-€7.6m▲ 4.2%€8.1m▲ 5.9%€8.7m▲ 8.7%€8.9m▲ 1.6%
Total assets€33.5m-€33.2m▼ 0.9%€33.7m▲ 1.5%€36.5m▲ 8.5%€38.4m▲ 5.0%
Debt€25.3m-€24.7m▼ 2.4%€25.1m▲ 1.3%€27.2m▲ 8.6%€28.9m▲ 6.4%
Working capital€2.9m-€3.5m▲ 21.6%€3.8m▲ 9.8%€5.0m▲ 30.2%€4.3m▼ 14.9%
Staff (FTE)6.9-6.5▼ 5.8%6.2▼ 4.6%6.1▼ 1.6%6.5▲ 6.6%
The operating result for 2022 is 44% lower than in 2021 and the lowest since 2018.
Large changes and their cause
- 2022 Net result -64% on 2021. Last accounts before the absorption by EIGEN HAARD (effective 08-03-2023).
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €38.4m
Fixed assets
€32.4m ▲ 6.8%
Current assets
€6.0m ▼ 3.4%
Equity and liabilities €38.4m
Equity
€8.9m ▲ 1.6%
Provisions
€551,439 ▼ 5.1%
Debt
€28.9m ▲ 6.4%
Debt's share of the balance-sheet total rises from 74.5% to 75.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▼
2021 · €1.6m
Cash flow
€997,040▼
2021 · €1.3m
Current ratio
3.47▼
2021 · 5.21
Quick ratio
3.47▼
2021 · 5.21
Debt to equity
3.26▲
2021 · 3.11
ROE
2.1%▼
2021 · 5.8%
ROA
0.5%▼
2021 · 1.4%
Interest coverage
3.24▼
2021 · 4.25
Debt ≤ 1 year
€1.7m▲
2021 · €1.2m
Debt > 1 year
€27.2m▲
2021 · €26.0m
Income taxes
€3,696▲
2021 · €2,331
Customer credit
5 days▼
2021 · 5 days
Supplier credit
12665 days▲
2021 · 1809 days
Staff costs
€488,095▲
2021 · €456,040
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 7 | 7 |
| full-time | 4 | 5 |
| part-time | 3 | 2 |
| in full-time equivalents | 6.3 | 6.5 |
| Average over the year, in full-time equivalents | 6.1 | 6.5 |
| On a permanent contract | 7 | 7 |
| Joined | 3 | 1 |
| Left | 3 | 1 |
| Training hours | 46 | 36 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €3.3m | €3.0m |
| Depreciation and write-downs of the year | €757,541 | €811,836 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 |
|---|---|---|
| Fee for the audit | €4,350 | €4,350 |
| Work by persons linked to the auditor | €2,420 | €10,969 |
Source: notes to the 2021 to 2022 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 · 3 entries · €321,825 awarded · €321,825 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.9m | €2.7m | ▼ 4.6% |
| Turnover70 | €2.0m | €2.1m | €2.0m | €1.9m | €1.9m | ▼ 0.7% |
| Other operating income74 | - | - | - | €0.4m | €0.5m | ▲ 32.8% |
| Non-recurring operating income76A | - | - | - | €0.5m | €0.3m | ▼ 45.5% |
| Operating charges60/66A | - | - | - | €2.0m | €2.3m | ▲ 12.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.01m | €0.01m | ▲ 3.0% |
| Purchases600/8 | - | - | - | €0.01m | €0.01m | ▲ 3.0% |
| Services and other goods61 | - | - | - | €0.6m | €0.6m | ▲ 3.7% |
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.5m | ▲ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.8m | €0.8m | €0.7m | €0.8m | €0.8m | ▲ 7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.002m | €0.005m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.04m | -€0.03m | ▲ 17.7% |
| Other operating charges640/8 | - | - | - | €0.2m | €0.3m | ▲ 48.9% |
| Non-recurring operating charges66A | - | - | - | €0.08m | €0.1m | ▲ 42.3% |
| Operating profit (loss)9901 | €0.7m | €0.7m | €0.8m | €0.8m | €0.5m | ▼ 44.5% |
| Financial income75/76B | - | - | - | €0.07m | €0.1m | ▲ 73.7% |
| Recurring financial income75 | €0.05m | €0.05m | €0.05m | €0.07m | €0.1m | ▲ 73.7% |
| Income from current assets751 | - | - | - | €0.003m | €0.01m | ▲ 344% |
| Other financial income752/9 | - | - | - | €0.07m | €0.1m | ▲ 62.8% |
| Financial charges65/66B | - | - | - | €0.4m | €0.4m | ▲ 4.9% |
| Recurring financial charges65 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 4.9% |
| Debt charges650 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 4.9% |
| Other financial charges652/9 | - | - | - | €312 | €295 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.4m | €0.5m | €0.5m | €0.2m | ▼ 64.1% |
| Transfer from deferred taxes780 | - | - | - | €0.004m | €0.005m | ▲ 21.3% |
| Transfer to deferred taxes680 | - | - | - | €0.03m | €0.008m | ▼ 69.9% |
| Income taxes67/77 | €0.007m | €0.004m | €0.004m | €0.002m | €0.004m | ▲ 58.6% |
| Taxes670/3 | - | - | - | €0.002m | €0.004m | ▲ 92.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.001m | - |
| Profit (loss) for the period9904 | €0.3m | €0.4m | €0.5m | €0.5m | €0.2m | ▼ 63.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.04m | €0.05m | ▲ 46.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.5m | €0.1m | ▼ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.03m | €0.08m | €0.05m | €0.09m | ▲ 85.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33.5m | €33.2m | €33.7m | €36.5m | €38.4m | ▲ 5.0% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €29.6m | €28.5m | €28.5m | €30.3m | €32.4m | ▲ 6.8% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €29.6m | €28.5m | €28.5m | €30.3m | €32.4m | ▲ 6.8% |
| Land and buildings22 | - | - | - | €28.0m | €27.3m | ▼ 2.7% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | ▼ 49.0% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.2m | ▲ 56.9% |
| Assets under construction and advance payments27 | - | - | - | €2.2m | €4.9m | ▲ 127% |
| Financial fixed assets28 | - | - | €0.001m | €0.01m | €0.01m | = |
| Other financial fixed assets284/8 | - | - | - | €0.01m | €0.01m | = |
| Shares284 | - | - | - | €0.001m | €0.001m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.01m | €0.01m | = |
| Current assets29/58 | €3.9m | €4.7m | €5.2m | €6.2m | €6.0m | ▼ 3.4% |
| Stocks and contracts in progress3 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Stocks30/36 | - | - | - | €0.001m | €0.001m | = |
| Raw materials and consumables30/31 | - | - | - | €0.001m | €0.001m | = |
| Amounts receivable within one year40/41 | €0.04m | €0.04m | €0.09m | €0.1m | €0.1m | ▲ 26.4% |
| Trade receivables40 | - | - | - | €0.03m | €0.02m | ▼ 8.9% |
| Other amounts receivable41 | - | - | - | €0.08m | €0.1m | ▲ 38.4% |
| Cash at bank and in hand54/58 | €3.8m | €4.3m | €4.9m | €5.9m | €5.6m | ▼ 4.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | ▲ 17.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33.5m | €33.2m | €33.7m | €36.5m | €38.4m | ▲ 5.0% |
| Equity10/15 | €7.3m | €7.6m | €8.1m | €8.7m | €8.9m | ▲ 1.6% |
| Contributions10/11 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | ▼ 1.8% |
| Capital10 | - | - | - | €0.007m | €0.007m | ▼ 1.8% |
| Issued capital100 | - | - | - | €0.03m | €0.03m | ▼ 1.8% |
| Uncalled capital101 | - | - | - | €0.02m | €0.02m | ▼ 1.8% |
| Reserves13 | €4.3m | €4.6m | €5.1m | €5.6m | €5.8m | ▲ 3.3% |
| Non-distributable reserves130/1 | - | - | - | €2.5m | €2.6m | ▲ 3.5% |
| Legal reserve130 | - | - | - | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €2.5m | €2.6m | ▲ 3.5% |
| Tax-exempt reserves132 | - | - | - | €3.1m | €3.2m | ▲ 3.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Investment grants15 | - | - | - | €3.1m | €3.1m | ▼ 1.5% |
| Provisions and deferred taxes16 | €0.8m | €0.9m | €0.6m | €0.6m | €0.6m | ▼ 5.1% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.3m | €0.3m | ▼ 10.6% |
| Major repairs and maintenance162 | - | - | - | €0.3m | €0.3m | ▼ 10.6% |
| Deferred taxes168 | - | - | - | €0.3m | €0.3m | ▲ 0.9% |
| Amounts payable17/49 | €25.3m | €24.7m | €25.1m | €27.2m | €28.9m | ▲ 6.4% |
| Amounts payable after more than one year17 | €24.3m | €23.5m | €23.6m | €26.0m | €27.2m | ▲ 4.6% |
| Financial debts170/4 | - | - | - | €25.6m | €26.8m | ▲ 4.7% |
| Credit institutions173 | - | - | - | €25.6m | €26.8m | ▲ 4.7% |
| Other amounts payable178/9 | - | - | - | €0.4m | €0.4m | ▼ 0.9% |
| Amounts payable within one year42/48 | €1.0m | €1.2m | €1.4m | €1.2m | €1.7m | ▲ 45.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.8m | €0.9m | ▲ 11.5% |
| Trade debts44 | €0.04m | €0.2m | €0.3m | €0.07m | €0.5m | ▲ 621% |
| Suppliers440/4 | - | - | - | €0.07m | €0.5m | ▲ 621% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | ▲ 10.4% |
| Taxes450/3 | - | - | - | €0.2m | €0.2m | ▲ 13.6% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.06m | ▲ 1.0% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.04m | ▲ 25.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | €0.06m | ▼ 2.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.4m | €0.5m | €0.5m | €0.2m | ▼ 63.6% |
| + Depreciation and write-downs630 | €0.8m | €0.8m | €0.7m | €0.8m | €0.8m | ▲ 7.2% |
| Operating cash flow (approximation) | €1.1m | €1.2m | €1.2m | €1.3m | €1.0m | ▼ 21.3% |
| Investment in fixed assets (approximation) | - | €0.3m | -€0.7m | -€2.6m | -€2.9m | ▼ 9.1% |
| Change in cash | - | €0.5m | €0.5m | €1.0m | -€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 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | full format | 28-04-2023 | 2023-00082870 | |
| 31-12-2021 | full format | 02-06-2022 | 2022-20051587 | |
| 31-12-2020 | full format | 29-06-2021 | 2021-27400190 | |
| 31-12-2019 | full format | 01-07-2020 | 2020-26100034 | |
| 31-12-2018 | full format | 12-06-2019 | 2019-18200298 | |
| 31-12-2017 | full format | 05-06-2018 | 2018-16600243 | |
| 31-12-2016 | full format | 07-06-2017 | 2017-16100174 | |
| 31-12-2015 | full format | 30-05-2016 | 2016-14200177 | |
| 31-12-2014 | full format | 02-06-2015 | 2015-14400098 | |
| 31-12-2013 | full format | 12-06-2014 | 2014-17200175 |