ETS. E. DELFOSSE
ActiveFinancials · financial year 2020, micro format
2021 annual accounts not yet filed, deadline passed on 31 July 2022 The financial year closed on 31 December 2021. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 5 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2020 filed on 03-09-2021 PDF all 44 filings
Equity
€57,792▼ 33.0%
2019 · €86,244
Total assets
€482,359▲ 1.2%
2019 · €476,843
Net result
-€28,452▲ 74.7%
2019 · -€112,257
Working capital
€375,707▲ 11.3%
2019 · €337,510
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
-€20,155
▲ 80.7%
2020
20182020
Net result
-€28,452
▲ 74.7%
2020
20182020
Equity
€57,792
▼ 33.0%
2020
20182020
Total assets
€482,359
▲ 1.2%
2020
20182020
Debt
€424,568
▲ 8.7%
2020
20182020
Working capital
€375,707
▲ 11.3%
2020
20182020
Staff (FTE)
1
▼ 23.1%
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result-€74,943--€104,483▼ 39.4%-€20,155▲ 80.7%
Net result-€85,066--€112,257▼ 32.0%-€28,452▲ 74.7%
Equity€198,500-€86,244▼ 56.6%€57,792▼ 33.0%
Total assets€534,097-€476,843▼ 10.7%€482,359▲ 1.2%
Debt€335,597-€390,599▲ 16.4%€424,568▲ 8.7%
Working capital€380,451-€337,510▼ 11.3%€375,707▲ 11.3%
Staff (FTE)2-1.3▼ 35.0%1▼ 23.1%
The operating result for 2020 is a loss of €20,155, smaller than the loss of €104,483 in 2019.
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 €482,359
Fixed assets
€3,745 ▲ 510%
Current assets
€478,614 ▲ 0.5%
Equity and liabilities €482,359
Equity
€57,792 ▼ 33.0%
Debt
€424,568 ▲ 8.7%
Debt's share of the balance-sheet total rises from 81.9% to 88.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€19,287▲
2019 · -€103,859
Cash flow
-€27,584▲
2019 · -€111,633
Current ratio
4.65▲
2019 · 3.43
Quick ratio
0.40▲
2019 · 0.25
Debt to equity
5.49▲
2019 · 2.89
ROE
-49.2%▲
2019 · -130.2%
ROA
-5.9%▲
2019 · -23.5%
Debt ≤ 1 year
€102,907▼
2019 · €138,718
Debt > 1 year
€317,198▲
2019 · €248,906
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 | €623 | €623 | €868 | ▲ 39.3% |
| Gross operating margin9900 | €2,045 | -€317,802 | -€224 | ▲ 99.9% |
| Operating profit (loss)9901 | -€74,943 | -€104,483 | -€20,155 | ▲ 80.7% |
| Recurring financial income75 | €483 | €252 | €10 | ▼ 96.2% |
| Recurring financial charges65 | €10,606 | €8,026 | €8,307 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | -€85,066 | -€112,257 | -€28,452 | ▲ 74.7% |
| Profit (loss) for the period9904 | -€85,066 | -€112,257 | -€28,452 | ▲ 74.7% |
| Profit (loss) for the period to be appropriated9905 | -€85,066 | -€112,257 | -€28,452 | ▲ 74.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €534,097 | €476,843 | €482,359 | ▲ 1.2% |
| Fixed assets21/28 | €1,237 | €614 | €3,745 | ▲ 510% |
| Tangible fixed assets22/27 | €1,237 | €614 | €3,745 | ▲ 510% |
| Current assets29/58 | €532,860 | €476,228 | €478,614 | ▲ 0.5% |
| Stocks and contracts in progress3 | €495,436 | €441,176 | €437,506 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €33,539 | €32,153 | €33,907 | ▲ 5.5% |
| Current investments50/53 | €4 | €4 | €4 | = |
| Cash at bank and in hand54/58 | €941 | €204 | €4,996 | ▲ 25× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €534,097 | €476,843 | €482,359 | ▲ 1.2% |
| Equity10/15 | €198,500 | €86,244 | €57,792 | ▼ 33.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €588,323 | €588,323 | €588,323 | = |
| Profit (loss) carried forward14 | -€451,823 | -€564,080 | -€592,532 | ▼ 5.0% |
| Amounts payable17/49 | €335,597 | €390,599 | €424,568 | ▲ 8.7% |
| Amounts payable after more than one year17 | €178,906 | €248,906 | €317,198 | ▲ 27.4% |
| Amounts payable within one year42/48 | €152,409 | €138,718 | €102,907 | ▼ 25.8% |
| Trade debts44 | €85,871 | €70,438 | €27,138 | ▼ 61.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€85,066 | -€112,257 | -€28,452 | ▲ 74.7% |
| + Depreciation and write-downs630 | €623 | €623 | €868 | ▲ 39.3% |
| Operating cash flow (approximation) | -€84,443 | -€111,633 | -€27,584 | ▲ 75.3% |
| Investment in fixed assets (approximation) | - | €0 | -€3,999 | - |
| Change in cash | - | -€738 | €4,792 | - |
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 44 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 03-09-2021 | 2021-66100570 | |
| 31-12-2019 | micro format | 18-09-2020 | 2020-53900371 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-25200387 | |
| 31-12-2017 | micro format | 13-06-2018 | 2018-18900371 | |
| 31-12-2016 | micro format | 14-07-2017 | 2017-33300015 | |
| 31-12-2015 | full format | 06-07-2016 | 2016-28500202 | |
| 31-12-2014 | full format | 22-06-2015 | 2015-20400224 | |
| 31-12-2013 | full format | 28-07-2014 | 2014-36200111 | |
| 31-12-2012 | full format | 16-07-2013 | 2013-30800053 | |
| 31-12-2011 | full format | 06-07-2012 | 2012-26900377 |