ENGAGE BBDO
abbreviatedN BBDOInactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 13-06-2024, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
48 d early
2022
3 d early
2021
54 d late
2020
9 d early
2019
26 d late
2018
22 d early
2017
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, abbreviated schema
Turnover
€5.9m
EBIT margin
8.5%
Net result
€47,865▼ 82.0%
2022 · €266,302
Working capital
€827,850▲ 9.2%
2022 · €757,962
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover
Operating result€139,020▼ 72.3%€69,863▼ 49.7%€159,376▲ 128%€379,296▲ 138%€59,196▼ 84.4%
Net result€84,507▼ 73.9%€35,460▼ 58.0%€105,206▲ 197%€266,302▲ 153%€47,865▼ 82.0%
EBIT margin
Equity€534,086▼ 30.6%€569,546▲ 6.6%€614,752▲ 7.9%€781,053▲ 27.1%€828,918▲ 6.1%
Total assets€2.7m▲ 9.0%€1.5m▼ 46.0%€1.8m▲ 19.1%€1.6m▼ 10.8%€1.0m▼ 36.1%
Debt€2.2m▲ 26.3%€915,069▼ 58.7%€1.2m▲ 26.0%€796,146▼ 31.0%€178,925▼ 77.5%
Working capital€451,111▼ 32.4%€508,890▲ 12.8%€576,398▲ 13.3%€757,962▲ 31.5%€827,850▲ 9.2%
Staff (FTE)12.6▼ 17.6%10.6▼ 15.9%9.5▼ 10.4%8.1▼ 14.7%6.7▼ 17.3%
Why a figure moved sharply
- 2023 Net result -82% on 2022. Cause not known from the registers.
- 2022 Net result +153% on 2021. Cause not known from the registers.
- 2019 Net result -74% on 2018. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 84% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.0m
Fixed assets
€8,857 ▼ 72.7%
Current assets
€998,986 ▼ 35.3%
Equity and liabilities €1.0m
Equity
€828,918 ▲ 6.1%
Debt
€178,925 ▼ 77.5%
Debt's share of the balance-sheet total falls from 50.5% to 17.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81,818▼
2022 · €409,325
Cash flow
€70,486▼
2022 · €296,331
Current ratio
5.84▲
2022 · 1.96
Debt to equity
0.22▼
2022 · 1.02
ROE
5.8%▼
2022 · 34.1%
ROA
4.7%▼
2022 · 16.9%
Interest coverage
12.92▼
2022 · 97.46
Debt ≤ 1 year
€171,136▼
2022 · €786,832
Debt > 1 year
€7,789▼
2022 · €9,314
Income taxes
€18,325▼
2022 · €110,214
Staff costs
€521,680▼
2022 · €594,540
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 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €528,165 | €594,540 | €521,680 | ▼ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,391 | €26,718 | €29,625 | €30,029 | €22,621 | ▼ 24.7% |
| Other operating charges640/8 | - | - | €2,699 | €4,353 | €3,651 | ▼ 16.1% |
| Gross operating margin9900 | €1.3m | €1.0m | €719,865 | €1.0m | €607,148 | ▼ 39.8% |
| Operating profit (loss)9901 | €139,020 | €69,863 | €159,376 | €379,296 | €59,196 | ▼ 84.4% |
| Financial income75/76B | - | - | €135 | €1,420 | €13,324 | ▲ 838% |
| Recurring financial income75 | €118 | €242 | €135 | €1,420 | €13,324 | ▲ 838% |
| Financial charges65/66B | - | - | €6,210 | €4,200 | €6,331 | ▲ 50.7% |
| Recurring financial charges65 | €5,552 | €5,544 | €6,210 | €4,200 | €6,331 | ▲ 50.7% |
| Profit (loss) for the period before taxes9903 | €133,586 | €64,561 | €153,301 | €376,516 | €66,190 | ▼ 82.4% |
| Income taxes67/77 | €49,079 | €29,101 | €48,096 | €110,214 | €18,325 | ▼ 83.4% |
| Profit (loss) for the period9904 | €84,507 | €35,460 | €105,206 | €266,302 | €47,865 | ▼ 82.0% |
| Profit (loss) for the period to be appropriated9905 | €84,507 | €35,460 | €105,206 | €266,302 | €47,865 | ▼ 82.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €1.5m | €1.8m | €1.6m | €1.0m | ▼ 36.1% |
| Fixed assets21/28 | €93,289 | €83,776 | €57,308 | €32,405 | €8,857 | ▼ 72.7% |
| Tangible fixed assets22/27 | €93,289 | €83,776 | €57,308 | €32,405 | €8,857 | ▼ 72.7% |
| Furniture and vehicles24 | - | - | €3,080 | €2,907 | €1,010 | ▼ 65.3% |
| Leasing and similar rights25 | - | - | €19,633 | €14,672 | €7,846 | ▼ 46.5% |
| Other tangible fixed assets26 | - | - | €34,594 | €14,826 | - | - |
| Current assets29/58 | €2.7m | €1.4m | €1.7m | €1.5m | €998,986 | ▼ 35.3% |
| Stocks and contracts in progress3 | €16,750 | €7,900 | €2,375 | €620 | - | - |
| Contracts in progress37 | - | - | €2,375 | €620 | - | - |
| Amounts receivable within one year40/41 | €1.8m | €951,820 | €912,918 | €1.2m | €493,564 | ▼ 57.6% |
| Trade receivables40 | - | - | €912,918 | €1.1m | €488,564 | ▼ 53.7% |
| Other amounts receivable41 | - | - | - | €109,845 | €5,000 | ▼ 95.4% |
| Cash at bank and in hand54/58 | €803,442 | €437,455 | €789,937 | €371,455 | €500,339 | ▲ 34.7% |
| Deferred charges and accrued income490/1 | - | - | €5,481 | €8,125 | €5,083 | ▼ 37.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €1.5m | €1.8m | €1.6m | €1.0m | ▼ 36.1% |
| Equity10/15 | €534,086 | €569,546 | €614,752 | €781,053 | €828,918 | ▲ 6.1% |
| Contributions10/11 | €373,947 | €373,947 | €373,947 | €373,947 | €373,947 | = |
| Capital10 | - | - | €373,947 | €373,947 | €373,947 | = |
| Issued capital100 | - | - | €373,947 | €373,947 | €373,947 | = |
| Reserves13 | €37,395 | €37,395 | €37,395 | €37,395 | €37,395 | = |
| Non-distributable reserves130/1 | - | - | €37,395 | €37,395 | €37,395 | = |
| Legal reserve130 | - | - | €37,395 | €37,395 | €37,395 | = |
| Profit (loss) carried forward14 | €122,744 | €158,205 | €203,410 | €369,712 | €417,577 | ▲ 12.9% |
| Amounts payable17/49 | €2.2m | €915,069 | €1.2m | €796,146 | €178,925 | ▼ 77.5% |
| Amounts payable after more than one year17 | €10,314 | €23,120 | €18,954 | €9,314 | €7,789 | ▼ 16.4% |
| Financial debts170/4 | - | - | €18,954 | €9,314 | €7,789 | ▼ 16.4% |
| Amounts payable within one year42/48 | €2.2m | €891,949 | €1.1m | €786,832 | €171,136 | ▼ 78.2% |
| Current portion of amounts payable after more than one year42 | - | - | €1,197 | €6,064 | €620 | ▼ 89.8% |
| Trade debts44 | €1.3m | €247,048 | €775,848 | €418,477 | €101,381 | ▼ 75.8% |
| Suppliers440/4 | - | - | €775,848 | €418,477 | €101,381 | ▼ 75.8% |
| Advances received on contracts in progress46 | - | - | €78,940 | €162,311 | €7,821 | ▼ 95.2% |
| Taxes, remuneration and social security45 | - | - | €278,328 | €199,980 | €61,314 | ▼ 69.3% |
| Taxes450/3 | - | - | €123,784 | €100,328 | €7 | ▼ 100.0% |
| Remuneration and social security454/9 | - | - | €154,544 | €99,652 | €61,307 | ▼ 38.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,507 | €35,460 | €105,206 | €266,302 | €47,865 | ▼ 82.0% |
| + Depreciation and write-downs630 | €25,391 | €26,718 | €29,625 | €30,029 | €22,621 | ▼ 24.7% |
| Operating cash flow (approximation) | €109,898 | €62,178 | €134,831 | €296,331 | €70,486 | ▼ 76.2% |
| Investment in fixed assets (approximation) | - | -€17,204 | -€3,157 | -€5,127 | €927 | ▲ 118% |
| Change in cash | - | -€365,986 | €352,482 | -€418,483 | €128,884 | ▲ 131% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
20-08
State Gazette act
General meeting · Merger
Accounting effect · Name change
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
27-05
State Gazette act
Board meeting · Merger
Accounting effect · Merger basis
2023
31-12
Financial
Liquidity triplescurrent ratio 5.84
Current ratio from 1.96 to 5.84; short-term debt falls from €786,832 to €171,136.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 54 days late
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €35,460 ▼58%
Net result drops to €35,460, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
03-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
1 ownerChain of control
- BATTEN, BARTON, DURSTINE AND OSBORN BELGIUM
- ENGAGE BBDO, AFGEKORT : N BBDO
Highest known parent: BATTEN, BARTON, DURSTINE AND OSBORN BELGIUM. The sources do not say who stands above it.
Owners 1
- 100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionRecognitions · licences · registrations
Legal Entity Identifier
549300WEUZO12PG56M95