ESTER
InactiveFinancials · financial year 2020, micro format
Annual accounts 2020 filed on 15-06-2021 PDF all 3 filings
Equity
€75,180▼ 45.2%
2019 · €137,265
Total assets
€679,154▲ 119%
2019 · €310,301
Net result
-€146,912▼ 156%
2019 · -€57,392
Working capital
€266,180
2019 · -€64,651
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
-€145,718
▼ 166%
2020
20182020
Net result
-€146,912
▼ 156%
2020
20182020
Equity
€75,180
▼ 45.2%
2020
20182020
Total assets
€679,154
▲ 119%
2020
20182020
Debt
€603,974
▲ 249%
2020
20182020
Working capital
€266,180
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result-€12,731--€54,712▼ 330%-€145,718▼ 166%
Net result-€12,773--€57,392▼ 349%-€146,912▼ 156%
Equity€170,543-€137,265▼ 19.5%€75,180▼ 45.2%
Total assets€195,083-€310,301▲ 59.1%€679,154▲ 119%
Debt€24,540-€173,037▲ 605%€603,974▲ 249%
Working capital€99,059--€64,651€266,180
The operating result for 2020 is a loss of €145,718, larger than the loss of €54,712 in 2019. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €679,154
Fixed assets
€342,838 ▲ 35.7%
Current assets
€336,316 ▲ 483%
Equity and liabilities €679,154
Equity
€75,180 ▼ 45.2%
Debt
€603,974 ▲ 249%
Debt's share of the balance-sheet total rises from 55.8% to 88.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€73,267▼
2019 · €2,164
Cash flow
-€74,461▼
2019 · -€516
Current ratio
4.80▲
2019 · 0.47
Debt to equity
6.89▲
2019 · 0.36
ROE
-195.4%▼
2019 · -41.8%
ROA
-21.6%▼
2019 · -18.5%
Debt ≤ 1 year
€70,136▼
2019 · €122,334
Debt > 1 year
€517,853▲
2019 · €50,000
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 | €10,447 | €56,876 | €72,451 | ▲ 27.4% |
| Gross operating margin9900 | -€1,937 | €2,512 | -€14,891 | - |
| Operating profit (loss)9901 | -€12,731 | -€54,712 | -€145,718 | ▼ 166% |
| Recurring financial income75 | - | €132 | €1,265 | ▲ 860% |
| Recurring financial charges65 | €41 | €2,812 | €2,459 | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | -€12,773 | -€57,392 | -€146,912 | ▼ 156% |
| Profit (loss) for the period9904 | -€12,773 | -€57,392 | -€146,912 | ▼ 156% |
| Profit (loss) for the period to be appropriated9905 | -€12,773 | -€57,392 | -€146,912 | ▼ 156% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €195,083 | €310,301 | €679,154 | ▲ 119% |
| Fixed assets21/28 | €71,484 | €252,619 | €342,838 | ▲ 35.7% |
| Intangible fixed assets21 | €37,096 | €218,230 | €305,865 | ▲ 40.2% |
| Tangible fixed assets22/27 | - | - | €2,586 | - |
| Financial fixed assets28 | €34,388 | €34,388 | €34,388 | = |
| Current assets29/58 | €123,599 | €57,683 | €336,316 | ▲ 483% |
| Amounts receivable within one year40/41 | €71,299 | €27,311 | €83,370 | ▲ 205% |
| Cash at bank and in hand54/58 | €52,299 | €30,372 | €252,589 | ▲ 732% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €195,083 | €310,301 | €679,154 | ▲ 119% |
| Equity10/15 | €170,543 | €137,265 | €75,180 | ▼ 45.2% |
| Contributions10/11 | €83,360 | €128,808 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€12,773 | -€70,165 | -€217,077 | ▼ 209% |
| Amounts payable17/49 | €24,540 | €173,037 | €603,974 | ▲ 249% |
| Amounts payable after more than one year17 | - | €50,000 | €517,853 | ▲ 936% |
| Amounts payable within one year42/48 | €24,540 | €122,334 | €70,136 | ▼ 42.7% |
| Trade debts44 | €19,602 | €85,691 | €28,218 | ▼ 67.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,773 | -€57,392 | -€146,912 | ▼ 156% |
| + Depreciation and write-downs630 | €10,447 | €56,876 | €72,451 | ▲ 27.4% |
| Operating cash flow (approximation) | -€2,326 | -€516 | -€74,461 | ▼ 14,333% |
| Investment in fixed assets (approximation) | - | -€238,010 | -€162,671 | ▲ 31.7% |
| Change in cash | - | -€21,927 | €222,217 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.