ESSEMI
InactiveFinancials · financial year 2022, micro format
Annual accounts 2022 filed on 24-07-2023 PDF all 35 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €160,000
Estimated: probably between €97,000 and €290,000
Total assets
€192,597▲ 14.1%
2021 · €168,749
Net result
€29,161▼ 62.5%
2021 · €77,752
Working capital
€20,692
2021 · -€8,957
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€39,512
▼ 49.3%
2022
20182022
Net result
€29,161
▼ 62.5%
2022
20182022
Equity
€22,612
2022
20182022
Total assets
€192,597
▲ 14.1%
2022
20182022
Debt
€169,985
▼ 3.0%
2022
20182022
Working capital
€20,692
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€989-€31,055€42,259▲ 36.1%€77,953▲ 84.5%€39,512▼ 49.3%
Net result-€1,019-€31,055€42,141▲ 35.7%€77,752▲ 84.5%€29,161▼ 62.5%
Equity-€157,497--€126,443▲ 19.7%-€84,301▲ 33.3%-€6,549▲ 92.2%€22,612
Total assets€4,946-€44,891▲ 808%€98,989▲ 121%€168,749▲ 70.5%€192,597▲ 14.1%
Debt€162,443-€171,333▲ 5.5%€183,291▲ 7.0%€175,298▼ 4.4%€169,985▼ 3.0%
Working capital-€157,497--€126,443▲ 19.7%-€84,301▲ 33.3%-€8,957▲ 89.4%€20,692
The operating result for 2022 is 49% lower than in 2021.
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 €192,597
Fixed assets
€1,920 ▼ 20.2%
Current assets
€190,677 ▲ 14.6%
Equity and liabilities €192,597
Equity
€22,612
Debt
€169,985
Debt's share of the balance-sheet total is 88.3%.
Key figures and ratios
EBITDA
€39,999▼
2021 · €77,983
Cash flow
€29,649▼
2021 · €77,782
Current ratio
1.12▲
2021 · 0.95
Debt to equity
7.52
ROE
129.0%
ROA
15.1%▼
2021 · 46.1%
Interest coverage
over 100
2021 · over 100
Debt ≤ 1 year
€169,985▼
2021 · €175,298
Income taxes
€10,257
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 | €2,437 | - |
| Depreciation and write-downs of the year | €29 | €487 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | €29 | €487 | ▲ 17× |
| Other operating charges640/8 | - | - | - | €55 | €199 | ▲ 262% |
| Gross operating margin9900 | €144 | €31,456 | €42,459 | €78,037 | €40,198 | ▼ 48.5% |
| Operating profit (loss)9901 | -€989 | €31,055 | €42,259 | €77,953 | €39,512 | ▼ 49.3% |
| Financial income75/76B | - | - | - | €3 | - | - |
| Recurring financial income75 | €0 | - | - | €3 | - | - |
| Financial charges65/66B | - | - | - | €203 | €94 | ▼ 53.9% |
| Recurring financial charges65 | €29 | - | €117 | €203 | €94 | ▼ 53.9% |
| Profit (loss) for the period before taxes9903 | -€1,019 | €31,055 | €42,141 | €77,752 | €39,418 | ▼ 49.3% |
| Income taxes67/77 | €0 | - | - | - | €10,257 | - |
| Profit (loss) for the period9904 | -€1,019 | €31,055 | €42,141 | €77,752 | €29,161 | ▼ 62.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,019 | €31,055 | €42,141 | €77,752 | €29,161 | ▼ 62.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,946 | €44,891 | €98,989 | €168,749 | €192,597 | ▲ 14.1% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | - | - | - | €2,408 | €1,920 | ▼ 20.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | - | - | €2,408 | €1,920 | ▼ 20.2% |
| Furniture and vehicles24 | - | - | - | €2,408 | €1,920 | ▼ 20.2% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €4,946 | €44,891 | €98,989 | €166,341 | €190,677 | ▲ 14.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €3,926 | €25,142 | €12,446 | €42,382 | €2,799 | ▼ 93.4% |
| Trade receivables40 | - | - | - | €42,382 | €2,039 | ▼ 95.2% |
| Other amounts receivable41 | - | - | - | - | €760 | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,020 | €19,748 | €86,543 | €123,959 | €187,878 | ▲ 51.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,946 | €44,891 | €98,989 | €168,749 | €192,597 | ▲ 14.1% |
| Equity10/15 | -€157,497 | -€126,443 | -€84,301 | -€6,549 | €22,612 | - |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Capital10 | - | - | - | €30,987 | €30,987 | = |
| Issued capital100 | - | - | - | €30,987 | €30,987 | = |
| Reserves13 | €3,122 | €3,122 | €3,122 | €3,122 | €3,122 | = |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | = |
| Legal reserve130 | - | - | - | €3,099 | €3,099 | = |
| Distributable reserves133 | - | - | - | €23 | €23 | = |
| Profit (loss) carried forward14 | -€191,606 | -€160,551 | -€118,410 | -€40,658 | -€11,496 | ▲ 71.7% |
| Amounts payable17/49 | €162,443 | €171,333 | €183,291 | €175,298 | €169,985 | ▼ 3.0% |
| Amounts payable within one year42/48 | €162,443 | €171,333 | €183,291 | €175,298 | €169,985 | ▼ 3.0% |
| Trade debts44 | €230 | €786 | €1,742 | €4,031 | €2,115 | ▼ 47.5% |
| Suppliers440/4 | - | - | - | €4,031 | €2,115 | ▼ 47.5% |
| Taxes, remuneration and social security45 | - | - | - | €7,441 | €11,450 | ▲ 53.9% |
| Taxes450/3 | - | - | - | €7,441 | €11,450 | ▲ 53.9% |
| Other amounts payable47/48 | - | - | - | €163,826 | €156,420 | ▼ 4.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,019 | €31,055 | €42,141 | €77,752 | €29,161 | ▼ 62.5% |
| + Depreciation and write-downs630 | €0 | - | - | €29 | €487 | ▲ 17× |
| Operating cash flow (approximation) | -€1,019 | €31,055 | €42,141 | €77,782 | €29,649 | ▼ 61.9% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €18,728 | €66,795 | €37,416 | €63,919 | ▲ 70.8% |
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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 24-07-2023 | 2023-00263465 | |
| 31-12-2021 | micro format | 17-07-2022 | 2022-20197479 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-46000310 | |
| 31-12-2019 | micro format | 09-08-2020 | 2020-40300312 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54300228 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-54100229 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-53200087 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-57000274 | |
| 31-12-2014 | full format | 07-09-2015 | 2015-58000315 | |
| 31-12-2013 | full format | 10-08-2014 | 2014-41000083 |