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Open bankruptcyFinancials · financial year 2020, abbreviated format
2020 annual accounts filed 20 days after the deadline Filed on 20 November 2020, deadline 31 October 2020 (7 months after the close on 31 March 2020, Companies Code art. 3:10). Source: NBB, 2020-72000023.
Annual accounts 2020 filed on 20-11-2020 PDF all 20 filings
Turnover
≈ €260,000
Estimated: probably between €190,000 and €410,000
Total assets
€263,976▲ 7.5%
2019 · €245,623
Net result
-€4,019▲ 92.8%
2019 · -€55,842
Working capital
€110,578▼ 2.1%
2019 · €112,976
Multi-year overview
2019 to 2020, 2 financial yearsOperating result
€1,968
2020
20192020
Net result
-€4,019
▲ 92.8%
2020
lowest quarter of the sector
20192020
Equity
€117,963
▼ 3.3%
2020
middle half of the sector
20192020
Total assets
€263,976
▲ 7.5%
2020
lowest quarter of the sector
20192020
Debt
€146,013
▲ 18.1%
2020
20192020
Working capital
€110,578
▼ 2.1%
2020
middle half of the sector
20192020
Solvency
44.7%
▼ 5.0pp
2020
middle half of the sector
20192020
Current ratio
1.76
▼ 0.16
2020
middle half of the sector
20192020
Return on assets (ROA)
-1.5%
▲ 21.2pp
2020
lowest quarter of the sector
20192020
Staff (FTE)
1
=
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
Operating result-€53,610-€1,968
Net result-€55,842--€4,019below the sector's middle half▲ 92.8%
Equity€121,982-€117,963within the sector's middle half▼ 3.3%
Total assets€245,623-€263,976below the sector's middle half▲ 7.5%
Debt€123,641-€146,013▲ 18.1%
Working capital€112,976-€110,578within the sector's middle half▼ 2.1%
Solvency49.7%-44.7%within the sector's middle half▼ 5.0pp
Current ratio1.92-1.76within the sector's middle half▼ 0.16
Return on assets (ROA)-22.7%--1.5%below the sector's middle half▲ 21.2pp
Staff (FTE)1-1below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 profit of €1,968, after a loss of €53,610 in 2019.
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
2020 in colour, 2019 as the grey bar beneath
Assets €263,976
Fixed assets
€7,724 ▼ 18.3%
Current assets
€256,252 ▲ 8.5%
Equity and liabilities €263,976
Equity
€117,963 ▼ 3.3%
Debt
€146,013 ▲ 18.1%
Debt's share of the balance-sheet total rises from 50.3% to 55.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,692▲
2019 · -€50,289
Cash flow
-€2,295▲
2019 · -€52,520
Quick ratio
0.92▼
2019 · 0.92
Debt to equity
1.24
ROE
-3.4%▲
2019 · -45.8%
Interest coverage
0.49
Debt ≤ 1 year
€145,674▲
2019 · €123,198
Staff costs
€34,827
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 31-03-2020 |
|---|---|
| Overdue tax debts | €2,934 |
| Overdue social security (RSZ) debts | €4,741 |
Source: notes to the 2020 annual accounts (statement of debts)
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €1,239 | - |
| Remuneration, social security and pensions62 | - | €34,827 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,321 | €1,724 | ▼ 48.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,295 | - |
| Other operating charges640/8 | - | €3,361 | - |
| Gross operating margin9900 | -€11,276 | €45,175 | - |
| Operating profit (loss)9901 | -€53,610 | €1,968 | - |
| Financial income75/76B | - | €1,562 | - |
| Recurring financial income75 | €1,015 | €1,562 | ▲ 53.8% |
| Financial charges65/66B | - | €7,549 | - |
| Recurring financial charges65 | €3,247 | €7,549 | ▲ 132% |
| Profit (loss) for the period before taxes9903 | -€55,842 | -€4,019 | ▲ 92.8% |
| Profit (loss) for the period9904 | -€55,842 | -€4,019 | ▲ 92.8% |
| Profit (loss) for the period to be appropriated9905 | -€55,842 | -€4,019 | ▲ 92.8% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €245,623 | €263,976 | ▲ 7.5% |
| Fixed assets21/28 | €9,449 | €7,724 | ▼ 18.3% |
| Tangible fixed assets22/27 | €3,449 | €1,724 | ▼ 50.0% |
| Furniture and vehicles24 | - | €512 | - |
| Other tangible fixed assets26 | - | €1,212 | - |
| Financial fixed assets28 | €6,000 | €6,000 | = |
| Current assets29/58 | €236,174 | €256,252 | ▲ 8.5% |
| Stocks and contracts in progress3 | €122,280 | €122,863 | ▲ 0.5% |
| Stocks30/36 | - | €122,863 | - |
| Amounts receivable within one year40/41 | €97,313 | €120,648 | ▲ 24.0% |
| Trade receivables40 | - | €77,676 | - |
| Other amounts receivable41 | - | €42,972 | - |
| Cash at bank and in hand54/58 | €15,481 | €10,368 | ▼ 33.0% |
| Deferred charges and accrued income490/1 | - | €2,373 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €245,623 | €263,976 | ▲ 7.5% |
| Equity10/15 | €121,982 | €117,963 | ▼ 3.3% |
| Contributions10/11 | €74,368 | €74,368 | = |
| Capital10 | - | €74,368 | - |
| Issued capital100 | - | €74,368 | - |
| Reserves13 | €47,614 | €43,595 | ▼ 8.4% |
| Non-distributable reserves130/1 | - | €7,437 | - |
| Legal reserve130 | - | €7,437 | - |
| Distributable reserves133 | - | €36,158 | - |
| Amounts payable17/49 | €123,641 | €146,013 | ▲ 18.1% |
| Amounts payable within one year42/48 | €123,198 | €145,674 | ▲ 18.2% |
| Financial debts43 | - | €44,644 | - |
| Credit institutions430/8 | - | €44,644 | - |
| Trade debts44 | €90,223 | €86,595 | ▼ 4.0% |
| Suppliers440/4 | - | €86,595 | - |
| Taxes, remuneration and social security45 | - | €14,435 | - |
| Taxes450/3 | - | €3,006 | - |
| Remuneration and social security454/9 | - | €11,429 | - |
| Accrued charges and deferred income492/3 | - | €339 | - |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€55,842 | -€4,019 | ▲ 92.8% |
| + Depreciation and write-downs630 | €3,321 | €1,724 | ▼ 48.1% |
| Operating cash flow (approximation) | -€52,520 | -€2,295 | ▲ 95.6% |
| Investment in fixed assets (approximation) | - | €1 | - |
| Change in cash | - | -€5,113 | - |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2020 | abbreviated format | 20-11-2020 | 2020-72000023 | |
| 31-03-2019 | abbreviated format | 31-10-2019 | 2019-72900275 | |
| 31-03-2018 | abbreviated format | 16-10-2018 | 2018-69600075 | |
| 31-03-2017 | abbreviated format | 24-10-2017 | 2017-67800445 | |
| 31-03-2016 | abbreviated format | 27-10-2016 | 2016-66400176 | |
| 31-03-2015 | abbreviated format | 29-09-2015 | 2015-61000434 | |
| 31-03-2014 | abbreviated format | 29-09-2014 | 2014-60300481 | |
| 31-03-2013 | abbreviated format | 28-11-2013 | 2013-67000557 | |
| 31-03-2012 | abbreviated format | 27-10-2012 | 2012-61800555 | |
| 31-03-2011 | abbreviated format | 27-10-2011 | 2011-59000467 |