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Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 88 days after the deadline Filed on 27 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00494086.
Annual accounts 2022 filed on 27-10-2023 PDF all 13 filings
Turnover
≈ €320,000
Estimated: probably between €160,000 and €430,000
Total assets
€334,492▲ 23.4%
2021 · €271,121
Net result
€27,748▼ 19.2%
2021 · €34,359
Working capital
€196,000▲ 2.6%
2021 · €191,027
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is 5% lower than in 2021.
Operating result€39,767
2022
Net result€27,748
2022
Total assets€334,492
2022
Equity€141,547
2022
Debt€192,945
2022
Working capital€196,000
2022
Return on assets (ROA)8.3%
2022
Solvency42.3%
2022
Current ratio2.71
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€550-€29,136▲ 53×€537▼ 98.2%€42,035▲ 78×€39,767▼ 5.4%
Net result€336-€20,009▲ 60×€668within the sector's middle half▼ 96.7%€34,359above the sector's middle half▲ 51×€27,748above the sector's middle half▼ 19.2%
Equity€58,775-€78,784▲ 34.0%€79,452within the sector's middle half▲ 0.8%€113,799within the sector's middle half▲ 43.2%€141,547above the sector's middle half▲ 24.4%
Total assets€213,270-€228,762▲ 7.3%€217,089within the sector's middle half▼ 5.1%€271,121within the sector's middle half▲ 24.9%€334,492above the sector's middle half▲ 23.4%
Debt€154,495-€149,978▼ 2.9%€137,637▼ 8.2%€157,322▲ 14.3%€192,945▲ 22.6%
Working capital€137,462-€162,659▲ 18.3%€161,817above the sector's middle half▼ 0.5%€191,027above the sector's middle half▲ 18.1%€196,000above the sector's middle half▲ 2.6%
Solvency27.6%-34.4%▲ 6.9pp36.6%within the sector's middle half▲ 2.2pp42.0%within the sector's middle half▲ 5.4pp42.3%within the sector's middle half▲ 0.3pp
Current ratio2.85-3.47▲ 0.623.93above the sector's middle half▲ 0.474.23above the sector's middle half▲ 0.292.71above the sector's middle half▼ 1.52
Return on assets (ROA)0.2%-8.7%▲ 8.6pp0.3%within the sector's middle half▼ 8.4pp12.7%within the sector's middle half▲ 12.4pp8.3%within the sector's middle half▼ 4.4pp
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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €334,492
Fixed assets
€23,713 ▲ 13.3%
Current assets
€310,779 ▲ 24.2%
Equity and liabilities €334,492
Equity
€141,547 ▲ 24.4%
Debt
€192,945 ▲ 22.6%
Debt's share of the balance-sheet total falls from 58.0% to 57.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,477▲
2021 · €44,783
Cash flow
€34,458▼
2021 · €37,107
Quick ratio
0.96▲
2021 · 0.21
Debt to equity
1.36▼
2021 · 1.38
ROE
19.6%▼
2021 · 30.2%
Interest coverage
19.53▼
2021 · 35.66
Debt ≤ 1 year
€114,779▲
2021 · €59,167
Debt > 1 year
€74,608▼
2021 · €95,665
Income taxes
€9,700▲
2021 · €7,500
Staff costs
€15,335
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €23,550 | €9,496 |
| Depreciation and write-downs of the year | €2,748 | €6,710 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11,730 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €15,335 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,563 | €1,188 | - | €2,748 | €6,710 | ▲ 144% |
| Other operating charges640/8 | - | - | - | €1,650 | €3,285 | ▲ 99.1% |
| Gross operating margin9900 | €3,934 | €34,015 | €2,606 | €46,433 | €65,097 | ▲ 40.2% |
| Operating profit (loss)9901 | €550 | €29,136 | €537 | €42,035 | €39,767 | ▼ 5.4% |
| Financial income75/76B | - | - | - | €1,080 | €61 | ▼ 94.4% |
| Recurring financial income75 | - | - | €239 | €1,080 | €61 | ▼ 94.4% |
| Financial charges65/66B | - | - | - | €1,256 | €2,380 | ▲ 89.5% |
| Recurring financial charges65 | €214 | €228 | €107 | €1,256 | €2,380 | ▲ 89.5% |
| Profit (loss) for the period before taxes9903 | €336 | €28,909 | €668 | €41,859 | €37,448 | ▼ 10.5% |
| Income taxes67/77 | - | €8,900 | - | €7,500 | €9,700 | ▲ 29.3% |
| Profit (loss) for the period9904 | €336 | €20,009 | €668 | €34,359 | €27,748 | ▼ 19.2% |
| Profit (loss) for the period to be appropriated9905 | €336 | €20,009 | €668 | €34,359 | €27,748 | ▼ 19.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,270 | €228,762 | €217,089 | €271,121 | €334,492 | ▲ 23.4% |
| Fixed assets21/28 | €1,313 | €125 | €125 | €20,927 | €23,713 | ▲ 13.3% |
| Tangible fixed assets22/27 | €1,188 | - | - | €20,802 | €23,588 | ▲ 13.4% |
| Plant, machinery and equipment23 | - | - | - | - | €364 | - |
| Furniture and vehicles24 | - | - | - | €20,802 | €23,224 | ▲ 11.6% |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €211,957 | €228,637 | €216,964 | €250,194 | €310,779 | ▲ 24.2% |
| Stocks and contracts in progress3 | €208,006 | €219,256 | €210,183 | €237,983 | €200,229 | ▼ 15.9% |
| Stocks30/36 | - | - | - | €237,983 | €200,229 | ▼ 15.9% |
| Amounts receivable within one year40/41 | - | - | €469 | €4,888 | - | - |
| Other amounts receivable41 | - | - | - | €4,888 | - | - |
| Cash at bank and in hand54/58 | €3,951 | €8,382 | €5,312 | €6,323 | €109,550 | ▲ 17× |
| Deferred charges and accrued income490/1 | - | - | - | €1,000 | €1,000 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,270 | €228,762 | €217,089 | €271,121 | €334,492 | ▲ 23.4% |
| Equity10/15 | €58,775 | €78,784 | €79,452 | €113,799 | €141,547 | ▲ 24.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €51,602 | €60,184 | €60,852 | €95,199 | €122,947 | ▲ 29.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €93,339 | €121,087 | ▲ 29.7% |
| Profit (loss) carried forward14 | -€11,427 | - | - | - | - | - |
| Amounts payable17/49 | €154,495 | €149,978 | €137,637 | €157,322 | €192,945 | ▲ 22.6% |
| Amounts payable after more than one year17 | €80,000 | €80,000 | €80,000 | €95,665 | €74,608 | ▼ 22.0% |
| Financial debts170/4 | - | - | - | €95,665 | €74,608 | ▼ 22.0% |
| Amounts payable within one year42/48 | €74,495 | €65,978 | €55,147 | €59,167 | €114,779 | ▲ 94.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,439 | €4,557 | ▲ 2.7% |
| Trade debts44 | €16,269 | €23,873 | €18,925 | €36,103 | €81,353 | ▲ 125% |
| Suppliers440/4 | - | - | - | €36,103 | €81,353 | ▲ 125% |
| Taxes, remuneration and social security45 | - | - | - | €18,625 | €14,356 | ▼ 22.9% |
| Taxes450/3 | - | - | - | €18,625 | €14,356 | ▼ 22.9% |
| Other amounts payable47/48 | - | - | - | - | €14,513 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,490 | €3,558 | ▲ 42.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €336 | €20,009 | €668 | €34,359 | €27,748 | ▼ 19.2% |
| + Depreciation and write-downs630 | €1,563 | €1,188 | - | €2,748 | €6,710 | ▲ 144% |
| Operating cash flow (approximation) | €1,899 | €21,197 | €668 | €37,107 | €34,458 | ▼ 7.1% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | -€23,550 | -€9,496 | ▲ 59.7% |
| Change in cash | - | €4,431 | -€3,069 | €1,011 | €103,227 | ▲ 102× |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 27-10-2023 | 2023-00494086 | |
| 31-12-2021 | micro format | 24-11-2022 | 2022-20524551 | |
| 31-12-2020 | micro format | 17-12-2021 | 2021-81500335 | |
| 31-12-2019 | micro format | 04-03-2021 | 2021-06900235 | |
| 31-12-2018 | micro format | 31-12-2019 | 2019-78000069 | |
| 31-12-2017 | abbreviated format | 10-12-2018 | 2018-74000380 | |
| 31-12-2016 | abbreviated format | 11-07-2018 | 2018-31500136 | |
| 31-12-2015 | abbreviated format | 07-02-2017 | 2017-04100075 | |
| 31-12-2014 | abbreviated format | 10-09-2015 | 2015-58400199 | |
| 31-12-2013 | abbreviated format | 19-05-2015 | 2015-12400096 |