ESPRESSO SYSTEM
Dissolution or liquidationFinancials · financial year 2020, micro format
2020 annual accounts filed late (30 days) Filed on 30 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-57700183.
Turnover
≈ €120,000
Estimated: probably between €72,000 and €220,000
Total assets
€99,957▼ 2.5%
2019 · €102,567
Net result
€17,487▼ 34.7%
2019 · €26,775
Working capital
€59,551▲ 42.3%
2019 · €41,850
Trend over the years
2018 to 2020, 3 financial years 2018 to 2020, 3 financial years
The operating result falls in 2020; 2020 is 22% below 2019.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€26,621
2020
Net result€17,487
2020
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€99,957
2020
Equity€60,110
2020
Debt€39,847
2020
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€59,551
2020
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result€15,557-€34,128▲ 119%€26,621▼ 22.0%
Net result€11,982-€26,775▲ 123%€17,487▼ 34.7%
Equity€27,547-€42,623▲ 54.7%€60,110▲ 41.0%
Total assets€80,448-€102,567▲ 27.5%€99,957▼ 2.5%
Debt€52,901-€59,945▲ 13.3%€39,847▼ 33.5%
Working capital€24,422-€41,850▲ 71.4%€59,551▲ 42.3%
Turnover and EBIT margin not published: the micro 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 €99,957
Fixed assets
€2,519 ▼ 50.0%
Current assets
€97,438 ▼ 0.1%
Equity and liabilities €99,957
Equity
€60,110 ▲ 41.0%
Debt
€39,847 ▼ 33.5%
Debt's share of the balance-sheet total falls from 58.4% to 39.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,140▼
2019 · €38,822
Cash flow
€20,006▼
2019 · €31,469
Current ratio
2.57▲
2019 · 1.75
Debt to equity
0.03▼
2019 · 0.10
ROE
29.1%▼
2019 · 62.8%
ROA
17.5%▼
2019 · 26.1%
Debt ≤ 1 year
€37,887▼
2019 · €55,679
Debt > 1 year
€1,950▼
2019 · €4,259
Income taxes
€8,614▲
2019 · €6,891
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,694 | €4,694 | €2,519 | ▼ 46.3% |
| Gross operating margin9900 | €21,426 | €39,728 | €29,894 | ▼ 24.8% |
| Operating profit (loss)9901 | €15,557 | €34,128 | €26,621 | ▼ 22.0% |
| Recurring financial income75 | €29 | €0 | - | - |
| Recurring financial charges65 | €1,112 | €462 | €519 | ▲ 12.5% |
| Profit (loss) for the period before taxes9903 | €14,474 | €33,666 | €26,101 | ▼ 22.5% |
| Income taxes67/77 | €2,493 | €6,891 | €8,614 | ▲ 25.0% |
| Profit (loss) for the period9904 | €11,982 | €26,775 | €17,487 | ▼ 34.7% |
| Profit (loss) for the period to be appropriated9905 | €11,982 | €26,775 | €17,487 | ▼ 34.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €80,448 | €102,567 | €99,957 | ▼ 2.5% |
| Fixed assets21/28 | €9,732 | €5,038 | €2,519 | ▼ 50.0% |
| Tangible fixed assets22/27 | €9,732 | €5,038 | €2,519 | ▼ 50.0% |
| Current assets29/58 | €70,716 | €97,529 | €97,438 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €66,127 | €70,512 | €94,414 | ▲ 33.9% |
| Cash at bank and in hand54/58 | €3,706 | €26,386 | €2,419 | ▼ 90.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €80,448 | €102,567 | €99,957 | ▼ 2.5% |
| Equity10/15 | €27,547 | €42,623 | €60,110 | ▲ 41.0% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €18,860 | €33,860 | €51,860 | ▲ 53.2% |
| Profit (loss) carried forward14 | €2,487 | €2,563 | €2,050 | ▼ 20.0% |
| Amounts payable17/49 | €52,901 | €59,945 | €39,847 | ▼ 33.5% |
| Amounts payable after more than one year17 | €6,534 | €4,259 | €1,950 | ▼ 54.2% |
| Amounts payable within one year42/48 | €46,294 | €55,679 | €37,887 | ▼ 32.0% |
| Trade debts44 | €27,301 | €32,320 | €10,759 | ▼ 66.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,982 | €26,775 | €17,487 | ▼ 34.7% |
| + Depreciation and write-downs630 | €4,694 | €4,694 | €2,519 | ▼ 46.3% |
| Operating cash flow (approximation) | €16,676 | €31,469 | €20,006 | ▼ 36.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €22,679 | -€23,967 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2020 | micro format | 30-08-2021 | 2021-57700183 |
| 31-12-2019 | micro format | 13-08-2020 | 2020-40900546 |
| 31-12-2018 | micro format | 25-07-2019 | 2019-37800127 |
| 31-12-2017 | micro format | 16-08-2018 | 2018-46000274 |
| 31-12-2016 | micro format | 25-08-2017 | 2017-50800568 |
| 31-12-2015 | full format | 05-09-2016 | 2016-59100545 |
| 31-12-2014 | abbreviated format | 19-08-2015 | 2015-44900491 |
| 31-12-2013 | abbreviated format | 30-07-2014 | 2014-37800019 |
| 31-12-2012 | full format | 08-08-2013 | 2013-41200010 |
| 31-12-2011 | full format | 06-09-2012 | 2012-55900578 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.