ELGEE
ActiveFinancials · financial year 2022, abbreviated format
2023 annual accounts not yet filed, deadline passed on 31 January 2024 The financial year closed on 30 June 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2022 filed on 31-12-2022 PDF all 25 filings
Turnover
€4,507
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€3,341▲ 79.5%
2021 · -€16,264
Working capital
€77,128▼ 4.2%
2021 · €80,469
Multi-year overview
2019 to 2022, 4 financial yearsTurnover
no figure
2022
20192022
Operating result
-€3,311
▲ 82.3%
2022
20192022
Net result
-€3,341
▲ 79.5%
2022
20192022
Equity
€77,128
▼ 4.2%
2022
20192022
Total assets
€81,651
▼ 12.7%
2022
20192022
Debt
€4,523
▼ 65.2%
2022
20192022
Working capital
€77,128
▼ 4.2%
2022
20192022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Turnover€4,507-
Operating result-€33,277--€5,228▲ 84.3%-€18,654▼ 257%-€3,311▲ 82.3%
Net result-€30,248--€5,240▲ 82.7%-€16,264▼ 210%-€3,341▲ 79.5%
Equity€101,973-€96,733▼ 5.1%€80,469▼ 16.8%€77,128▼ 4.2%
Total assets€109,901-€97,620▼ 11.2%€93,476▼ 4.2%€81,651▼ 12.7%
Debt€7,928-€887▼ 88.8%€13,007▲ 15×€4,523▼ 65.2%
Working capital€101,973-€96,733▼ 5.1%€80,469▼ 16.8%€77,128▼ 4.2%
The operating result for 2022 is a loss of €3,311, smaller than the loss of €18,654 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €81,651
Equity
€77,128 ▼ 4.2%
Debt
€4,523 ▼ 65.2%
Debt's share of the balance-sheet total falls from 13.9% to 5.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
18.05▲
2021 · 7.19
Debt to equity
0.06
ROE
-4.3%▲
2021 · -20.2%
ROA
-4.1%▲
2021 · -17.4%
Debt ≤ 1 year
€4,523▼
2021 · €13,007
Supplier credit
4578 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €4,507 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €290 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €92 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €410 | - |
| Gross operating margin9900 | -€32,415 | -€5,023 | -€18,244 | -€2,901 | ▲ 84.1% |
| Operating profit (loss)9901 | -€33,277 | -€5,228 | -€18,654 | -€3,311 | ▲ 82.3% |
| Financial charges65/66B | - | - | - | €30 | - |
| Recurring financial charges65 | €15 | €12 | €12 | €17 | ▲ 41.7% |
| Non-recurring financial charges66B | - | - | - | €13 | - |
| Profit (loss) for the period before taxes9903 | -€30,248 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| Profit (loss) for the period9904 | -€30,248 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| Profit (loss) for the period to be appropriated9905 | -€30,248 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €109,901 | €97,620 | €93,476 | €81,651 | ▼ 12.7% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - |
| Current assets29/58 | €109,901 | €97,620 | €93,476 | €81,651 | ▼ 12.7% |
| Amounts receivable within one year40/41 | €10,382 | €10,389 | €10,458 | €10 | ▼ 99.9% |
| Other amounts receivable41 | - | - | - | €10 | - |
| Current investments50/53 | €9,500 | - | - | - | - |
| Cash at bank and in hand54/58 | €89,192 | €87,231 | €83,018 | €81,641 | ▼ 1.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €109,901 | €97,620 | €93,476 | €81,651 | ▼ 12.7% |
| Equity10/15 | €101,973 | €96,733 | €80,469 | €77,128 | ▼ 4.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | - | €12,400 | - |
| Issued capital100 | - | - | - | €18,592 | - |
| Uncalled capital101 | - | - | - | €6,192 | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - |
| Legal reserve130 | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | €87,714 | €82,474 | €66,210 | €62,869 | ▼ 5.0% |
| Amounts payable17/49 | €7,928 | €887 | €13,007 | €4,523 | ▼ 65.2% |
| Amounts payable within one year42/48 | €7,928 | €887 | €13,007 | €4,523 | ▼ 65.2% |
| Trade debts44 | €887 | - | €12,120 | €3,637 | ▼ 70.0% |
| Suppliers440/4 | - | - | - | €3,637 | - |
| Other amounts payable47/48 | - | - | - | €886 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,248 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| + Depreciation and write-downs630 | €92 | - | - | - | - |
| Operating cash flow (approximation) | -€30,156 | -€5,240 | -€16,264 | -€3,341 | ▲ 79.5% |
| Change in cash | - | -€1,961 | -€4,213 | -€1,377 | ▲ 67.3% |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2022 | abbreviated format | 31-12-2022 | 2023-20553248 | |
| 30-06-2021 | micro format | 31-12-2021 | 2021-82400202 | |
| 30-06-2020 | micro format | 26-12-2020 | 2020-77500017 | |
| 30-06-2019 | abbreviated format | 29-12-2019 | 2019-78000059 | |
| 30-06-2018 | abbreviated format | 29-12-2018 | 2018-76100507 | |
| 30-06-2017 | abbreviated format | 28-12-2017 | 2017-73400450 | |
| 30-06-2016 | abbreviated format | 31-12-2016 | 2016-72200477 | |
| 30-06-2015 | abbreviated format | 30-12-2015 | 2015-71000447 | |
| 30-06-2014 | abbreviated format | 27-12-2014 | 2014-70800575 | |
| 30-06-2013 | abbreviated format | 29-12-2013 | 2013-70200478 |