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InactiveFinancials · financial year 2021, abbreviated format
Annual accounts 2021 filed on 05-05-2022 PDF all 42 filings
Turnover
≈ €1.2m
Estimated: probably between €720,000 and €2.0m
Total assets
€12.2m▼ 7.4%
2020 · €13.1m
Net result
-€63
2020 · €1.7m
Working capital
€1.4m▼ 55.9%
2020 · €3.1m
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€21,533
▼ 98.2%
2021
20182021
Net result
-€63
2021
20182021
Equity
€9.2m
=
2021
20182021
Total assets
€12.2m
▼ 7.4%
2021
20182021
Debt
€1.8m
▼ 34.0%
2021
20182021
Working capital
€1.4m
▼ 55.9%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.4m--€0.2m€1.2m€0.02m▼ 98.2%
Net result€0.3m-€0.1m▼ 68.9%€1.7m▲ 18×-€63
Equity€7.4m-€7.5m▲ 1.3%€9.2m▲ 22.8%€9.2m=
Total assets€15.8m-€15.7m▼ 0.5%€13.1m▼ 16.4%€12.2m▼ 7.4%
Debt€7.4m-€7.3m▼ 1.4%€2.8m▼ 62.1%€1.8m▼ 34.0%
Working capital€1.3m-€0.9m▼ 32.5%€3.1m▲ 245%€1.4m▼ 55.9%
The operating result for 2021 is 98% lower than in 2020.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €12.2m
Fixed assets
€9.0m ▲ 9.2%
Current assets
€3.2m ▼ 35.1%
Equity and liabilities €12.2m
Equity
€9.2m =
Provisions
€1.2m ▼ 2.4%
Debt
€1.8m ▼ 34.0%
Debt's share of the balance-sheet total falls from 21.0% to 14.9%. Debt is lower.
Key figures and ratios
EBITDA
€450,057▼
2020 · €1.6m
Cash flow
€428,460▼
2020 · €2.1m
Current ratio
1.76▼
2020 · 2.74
Debt to equity
0.20▲
2020 · 0.10
ROE
0.0%▼
2020 · 18.6%
ROA
0.0%▼
2020 · 13.0%
Interest coverage
5.32
Debt ≤ 1 year
€1.8m▲
2020 · €1.8m
Income taxes
€8,493▼
2020 · €89,139
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €1.2m |
| Depreciation and write-downs of the year | €428,524 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.2m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.03m | - |
| Other operating charges640/8 | - | - | - | €0.03m | - |
| Gross operating margin9900 | €0.8m | €0.2m | €1.7m | €0.5m | ▼ 69.4% |
| Operating profit (loss)9901 | €0.4m | -€0.2m | €1.2m | €0.02m | ▼ 98.2% |
| Financial income75/76B | - | - | - | €0.04m | - |
| Recurring financial income75 | €0.7m | €0.6m | €1.3m | €0.04m | ▼ 96.8% |
| Financial charges65/66B | - | - | - | €0.08m | - |
| Recurring financial charges65 | €0.6m | €0.3m | €0.5m | €0.08m | ▼ 83.2% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.03m | €2.0m | -€0.02m | - |
| Transfer from deferred taxes780 | - | - | - | €0.08m | - |
| Transfer to deferred taxes680 | - | - | - | €0.05m | - |
| Income taxes67/77 | €0.04m | €0.002m | €0.09m | €0.008m | ▼ 90.5% |
| Profit (loss) for the period9904 | €0.3m | €0.1m | €1.7m | -€63 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.2m | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.9m | €0.02m | ▼ 97.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €15.8m | €15.7m | €13.1m | €12.2m | ▼ 7.4% |
| Fixed assets21/28 | €8.4m | €8.7m | €8.2m | €9.0m | ▲ 9.2% |
| Tangible fixed assets22/27 | €7.6m | €7.9m | €7.4m | €8.1m | ▲ 10.2% |
| Land and buildings22 | - | - | - | €8.1m | - |
| Plant, machinery and equipment23 | - | - | - | €0.002m | - |
| Furniture and vehicles24 | - | - | - | €0.004m | - |
| Financial fixed assets28 | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Current assets29/58 | €7.4m | €7.0m | €4.9m | €3.2m | ▼ 35.1% |
| Amounts receivable after more than one year29 | - | - | - | €0.3m | - |
| Other amounts receivable291 | - | - | - | €0.3m | - |
| Amounts receivable within one year40/41 | €126 | €0.02m | €0.002m | €0.001m | ▼ 47.7% |
| Other amounts receivable41 | - | - | - | €0.001m | - |
| Current investments50/53 | €6.2m | €5.4m | €1.2m | €1.8m | ▲ 53.2% |
| Cash at bank and in hand54/58 | €0.9m | €1.3m | €3.4m | €1.1m | ▼ 69.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €15.8m | €15.7m | €13.1m | €12.2m | ▼ 7.4% |
| Equity10/15 | €7.4m | €7.5m | €9.2m | €9.2m | = |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 5.9% |
| Capital10 | - | - | - | €1.3m | - |
| Issued capital100 | - | - | - | €1.3m | - |
| Contributions outside capital11 | - | - | - | €0.07m | - |
| Share premium1100/10 | - | - | - | €0.07m | - |
| Reserves13 | €6.0m | €6.1m | €7.8m | €7.8m | = |
| Non-distributable reserves130/1 | - | - | - | €0.1m | - |
| Legal reserve130 | - | - | - | €0.1m | - |
| Tax-exempt reserves132 | - | - | - | €2.7m | - |
| Distributable reserves133 | - | - | - | €5.0m | - |
| Profit (loss) carried forward14 | €0.004m | €0.005m | €0.004m | €215 | ▼ 94.1% |
| Provisions and deferred taxes16 | €1.1m | €1.0m | €1.2m | €1.2m | ▼ 2.4% |
| Deferred taxes168 | - | - | - | €1.2m | - |
| Amounts payable17/49 | €7.4m | €7.3m | €2.8m | €1.8m | ▼ 34.0% |
| Amounts payable after more than one year17 | €1.3m | €1.2m | €1.0m | - | - |
| Amounts payable within one year42/48 | €6.0m | €6.1m | €1.8m | €1.8m | ▲ 1.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.0m | - |
| Trade debts44 | €0.002m | €0.01m | €0.002m | €0.01m | ▲ 479% |
| Suppliers440/4 | - | - | - | €0.01m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | - |
| Taxes450/3 | - | - | - | €0.1m | - |
| Other amounts payable47/48 | - | - | - | €0.7m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.1m | €1.7m | -€63 | - |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 7.5% |
| Operating cash flow (approximation) | €0.7m | €0.5m | €2.1m | €0.4m | ▼ 79.6% |
| Investment in fixed assets (approximation) | - | -€0.7m | €0.06m | -€1.2m | - |
| Change in cash | - | €0.5m | €2.1m | -€2.4m | - |
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 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 05-05-2022 | 2022-20020538 | |
| 31-12-2020 | abbreviated format | 03-06-2021 | 2021-16900529 | |
| 31-12-2019 | abbreviated format | 28-04-2020 | 2020-10300032 | |
| 31-12-2018 | abbreviated format | 04-06-2019 | 2019-15700576 | |
| 31-12-2017 | abbreviated format | 17-05-2018 | 2018-13000255 | |
| 31-12-2016 | abbreviated format | 09-05-2017 | 2017-11600313 | |
| 31-12-2015 | abbreviated format | 21-04-2016 | 2016-10500079 | |
| 31-12-2014 | abbreviated format | 27-04-2015 | 2015-10500302 | |
| 31-12-2013 | abbreviated format | 15-05-2014 | 2014-12500388 | |
| 31-12-2012 | abbreviated format | 26-04-2013 | 2013-10300341 |