ERCANO
Annual accounts 2020
micro format, filed on 29-01-2021, 2 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €85,000 and €250,000.
Balance sheet
balance sheet total €103,867 on 30-06-2020in euro
in euro
Staff
€22,795
Staff costs divided by the average number of full-time equivalents.
-3 people
In 2020, 4 people joined and 7 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
103,867 | 121,533 | 175,692 | |
21/28 |
96,653 | 106,967 | 110,851 | |
21 |
40,000 | 45,000 | 50,000 | |
22/27 |
50,953 | 56,267 | 55,151 | |
23 |
3,373 | 54,783 | 54,151 | |
24 |
2,516 | 1,484 | 1,000 | |
26 |
45,064 | - | - | |
28 |
5,700 | 5,700 | 5,700 | |
29/58 |
7,214 | 14,566 | 64,841 | |
40/41 |
233 | 4,582 | 51,112 | |
40 |
- | 4,582 | 51,112 | |
41 |
233 | - | - | |
54/58 |
6,981 | 9,984 | 13,728 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
103,867 | 121,533 | 175,692 | |
10/15 |
-49,602 | -22,117 | 139 | |
10/11 |
- | 30,000 | 30,000 | |
100 |
- | 30,000 | 30,000 | |
11 |
30,000 | - | - | |
1100/10 |
30,000 | - | - | |
14 |
-79,602 | -52,117 | -29,861 | |
17/49 |
153,469 | 143,650 | 175,553 | |
42/48 |
145,669 | 133,650 | 167,953 | |
44 |
17,840 | 6,350 | 59,236 | |
440/4 |
17,840 | 6,350 | 59,236 | |
45 |
25,809 | 11,683 | 61 | |
450/3 |
18,832 | 9,539 | 61 | |
454/9 |
6,977 | 2,144 | - | |
47/48 |
102,019 | 115,617 | 108,656 | |
492/3 |
7,800 | 10,000 | 7,600 | |
| Income statement | ||||
9900 |
35,076 | 13,353 | -28,645 | |
62 |
41,032 | 20,927 | - | |
630 |
12,068 | 11,717 | - | |
640/8 |
5,308 | 1,914 | 1,122 | |
9901 |
-23,332 | -21,205 | -29,767 | |
75/76B |
1 | 0 | - | |
75 |
1 | 0 | - | |
65/66B |
4,009 | 1,051 | 94 | |
65 |
4,009 | 1,051 | 94 | |
9903 |
-27,339 | -22,256 | -29,861 | |
67/77 |
146 | - | - | |
9904 |
-27,485 | -22,256 | -29,861 | |
9905 |
-27,485 | -22,256 | -29,861 | |
| Appropriation of the result | ||||
9906 |
-79,602 | -52,117 | -29,861 | |
| Social balance sheet | ||||
9087 |
1.8 | 1.8 | - | |
Hours worked1013 |
2,144 | 1,287 | - | |
| Document | ||||
Source: Annual accounts 2020 (PDF), filed on 29-01-2021.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| -11,264 | -9,487 | - | ||
| -15,417 | -10,538 | - | ||
| 1,753 | 7,833 | 110,851 | ||
| -3,003 | -3,745 | - | ||
| -138,455 | -119,084 | -103,113 | ||
| -47.8% | -18.2% | 0.1% | ||
| 0.05 | 0.11 | 0.39 | ||
| -26.5% | -18.3% | -17.0% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on ERCANO
The operating result for 2020 is a loss of €23,332, larger than the loss of €21,205 in 2019.
Equity is negative. Debt (€153,469) exceeds the balance-sheet total (€103,867).