EUTRACO LOGISTICS
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 23-01-2023, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
8 d early
2021
51 d early
2020
99 d early
2019
8 d early
2018
29 d late
2017
31 d late
2016
281 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€1.6m▲ 130%
2021 · €706,420
EBIT margin
-8.7%▲ 7.3pp
2021 · -16.0%
Net result
-€26,106▲ 31.4%
2021 · -€38,033
Working capital
€683,820▲ 66.2%
2021 · €411,375
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€1.2m-€1.4m▲ 15.8%€631,529▼ 53.4%€706,420▲ 11.9%€1.6m▲ 130%
Operating result-€319,863--€454,799▼ 42.2%€3.7m-€113,155-€141,390▼ 25.0%
Net result-€275,622--€281,925▼ 2.3%€3.1m-€38,033-€26,106▲ 31.4%
EBIT margin-27.4%--33.6%▼ 6.2pp585.3%▲ 618.9pp-16.0%▼ 601.3pp-8.7%▲ 7.3pp
Equity€3.0m-€2.6m▼ 10.7%€5.7m▲ 116%€5.7m▼ 0.7%€5.6m▼ 1.5%
Total assets€5.5m-€4.9m▼ 11.3%€7.7m▲ 57.0%€7.9m▲ 1.8%€9.1m▲ 16.4%
Debt€1.4m-€1.4m▼ 3.8%€1.2m▼ 9.2%€1.5m▲ 21.4%€2.9m▲ 94.7%
Working capital€4.6m-€4.3m▼ 7.5%-€620,107€411,375€683,820▲ 66.2%
Staff (FTE)24-15.2▼ 36.7%10.1▼ 33.6%9.1▼ 9.9%8.2▼ 9.9%
Why a figure moved sharply
- 2022 Turnover +130% on 2021. This fiscal year ran 6 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €141,390 in 2022 against €113,155 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €9.1m
Fixed assets
€7.1m ▲ 1.0%
Current assets
€2.0m ▲ 146%
Equity and liabilities €9.1m
Equity
€5.6m ▼ 1.5%
Provisions
€588,026 ▼ 9.9%
Debt
€2.9m ▲ 94.7%
Debt's share of the balance-sheet total rises from 19.3% to 32.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€11,332▼
2021 · €130,910
Cash flow
€103,952▼
2021 · €206,032
Current ratio
1.50▼
2021 · 1.98
Debt to equity
0.53▲
2021 · 0.27
ROE
-0.5%▲
2021 · -0.7%
ROA
-0.3%▲
2021 · -0.5%
Interest coverage
-0.80▼
2021 · 5.78
Debt ≤ 1 year
€1.4m▲
2021 · €421,693
Debt > 1 year
€1.6m▲
2021 · €1.1m
Income taxes
€28,432▲
2021 · €21,793
Staff costs
€125,589▼
2021 · €235,250
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.1m | €1.6m | ▲ 48.8% |
| Turnover70 | €1.2m | €1.4m | €631,529 | €706,420 | €1.6m | ▲ 130% |
| Other operating income74 | - | - | - | €393,598 | €8,842 | ▼ 97.8% |
| Operating charges60/66A | - | - | - | €1.2m | €1.8m | ▲ 46.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0 | €265 | - |
| Purchases600/8 | - | - | - | €0 | €265 | - |
| Services and other goods61 | - | - | - | €592,989 | €1.4m | ▲ 137% |
| Remuneration, social security and pensions62 | - | - | - | €235,250 | €125,589 | ▼ 46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €222,643 | €169,942 | €17,287 | €244,065 | €130,058 | ▼ 46.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€36,000 | €0 | ▲ 100% |
| Other operating charges640/8 | - | - | - | €176,869 | €116,283 | ▼ 34.3% |
| Non-recurring operating charges66A | - | - | - | €0 | €1,435 | - |
| Operating profit (loss)9901 | -€319,863 | -€454,799 | €3.7m | -€113,155 | -€141,390 | ▼ 25.0% |
| Financial income75/76B | - | - | - | €109,925 | €113,364 | ▲ 3.1% |
| Recurring financial income75 | €35,978 | €182,985 | €84,089 | €109,925 | €113,364 | ▲ 3.1% |
| Income from current assets751 | - | - | - | €107,455 | €54,141 | ▼ 49.6% |
| Other financial income752/9 | - | - | - | €2,470 | €59,223 | ▲ 2,298% |
| Financial charges65/66B | - | - | - | €64,421 | €34,017 | ▼ 47.2% |
| Recurring financial charges65 | €4,011 | €23,114 | €31,576 | €64,421 | €34,017 | ▼ 47.2% |
| Debt charges650 | €3,463 | €23,108 | €30,515 | €22,642 | €14,101 | ▼ 37.7% |
| Other financial charges652/9 | - | - | - | €41,779 | €19,916 | ▼ 52.3% |
| Profit (loss) for the period before taxes9903 | -€287,897 | -€294,928 | €3.7m | -€67,651 | -€62,043 | ▲ 8.3% |
| Transfer from deferred taxes780 | - | - | - | €51,411 | €64,369 | ▲ 25.2% |
| Transfer to deferred taxes680 | - | - | - | €0 | - | - |
| Income taxes67/77 | €728 | - | €6,436 | €21,793 | €28,432 | ▲ 30.5% |
| Taxes670/3 | - | - | - | €21,793 | €28,432 | ▲ 30.5% |
| Profit (loss) for the period9904 | -€275,622 | -€281,925 | €3.1m | -€38,033 | -€26,106 | ▲ 31.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €154,234 | €88,153 | ▼ 42.8% |
| Transfer to tax-exempt reserves689 | - | - | - | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€275,622 | -€303,425 | €1.1m | €116,201 | €62,047 | ▼ 46.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.5m | €4.9m | €7.7m | €7.9m | €9.1m | ▲ 16.4% |
| Fixed assets21/28 | €670,957 | €370,165 | €7.1m | €7.0m | €7.1m | ▲ 1.0% |
| Tangible fixed assets22/27 | €525,602 | €353,075 | €943,690 | €1.6m | €1.5m | ▼ 5.8% |
| Land and buildings22 | - | - | - | €3,627 | €3,177 | ▼ 12.4% |
| Plant, machinery and equipment23 | - | - | - | €725,072 | €637,866 | ▼ 12.0% |
| Furniture and vehicles24 | - | - | - | €145,507 | €138,377 | ▼ 4.9% |
| Leasing and similar rights25 | - | - | - | €704,727 | €708,268 | ▲ 0.5% |
| Financial fixed assets28 | €145,355 | €17,090 | €6.1m | €5.4m | €5.6m | ▲ 3.0% |
| Affiliated companies280/1 | - | - | - | €5.4m | €5.5m | ▲ 3.0% |
| Amounts receivable281 | - | - | - | €5.4m | €5.5m | ▲ 3.0% |
| Other financial fixed assets284/8 | - | - | - | €67,090 | €67,090 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €67,090 | €67,090 | = |
| Current assets29/58 | €4.9m | €4.5m | €618,268 | €833,068 | €2.0m | ▲ 146% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €4.3m | €4.2m | €596,951 | €780,778 | €2.0m | ▲ 160% |
| Trade receivables40 | - | - | - | €671,888 | €2.0m | ▲ 196% |
| Other amounts receivable41 | - | - | - | €108,890 | €38,509 | ▼ 64.6% |
| Cash at bank and in hand54/58 | €505,970 | €186,338 | €21,317 | €51,732 | €16,749 | ▼ 67.6% |
| Deferred charges and accrued income490/1 | - | - | - | €559 | €2,320 | ▲ 315% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.5m | €4.9m | €7.7m | €7.9m | €9.1m | ▲ 16.4% |
| Equity10/15 | €3.0m | €2.6m | €5.7m | €5.7m | €5.6m | ▼ 1.5% |
| Contributions10/11 | €325,004 | €325,004 | €325,004 | €325,004 | €325,004 | = |
| Capital10 | - | - | - | €325,004 | €325,004 | = |
| Issued capital100 | - | - | - | €325,004 | €325,004 | = |
| Reserves13 | €2.0m | €2.2m | €5.3m | €5.3m | €5.3m | ▼ 0.5% |
| Non-distributable reserves130/1 | - | - | - | €32,504 | €32,504 | = |
| Legal reserve130 | - | - | - | €32,504 | €32,504 | = |
| Tax-exempt reserves132 | - | - | - | €1.9m | €1.8m | ▼ 4.6% |
| Distributable reserves133 | - | - | - | €3.3m | €3.4m | ▲ 1.9% |
| Profit (loss) carried forward14 | €573,271 | €69,846 | €0 | - | - | - |
| Investment grants15 | - | - | - | €57,950 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €1.1m | €888,805 | €739,807 | €652,395 | €588,026 | ▼ 9.9% |
| Provisions for liabilities and charges160/5 | - | - | - | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | €0 | - | - |
| Deferred taxes168 | - | - | - | €652,395 | €588,026 | ▼ 9.9% |
| Amounts payable17/49 | €1.4m | €1.4m | €1.2m | €1.5m | €2.9m | ▲ 94.7% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €8,594 | €1.1m | €1.6m | ▲ 44.9% |
| Financial debts170/4 | - | - | - | €1.1m | €1.6m | ▲ 45.3% |
| Leasing and similar obligations172 | - | - | - | €427,099 | €437,090 | ▲ 2.3% |
| Other loans174 | - | - | - | €657,014 | €1.1m | ▲ 73.2% |
| Other amounts payable178/9 | - | - | - | €8,594 | €8,594 | = |
| Amounts payable within one year42/48 | €237,065 | €257,406 | €1.2m | €421,693 | €1.4m | ▲ 224% |
| Current portion of amounts payable after more than one year42 | - | - | - | €89,922 | €40,148 | ▼ 55.4% |
| Financial debts43 | - | - | - | €13,140 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €13,140 | €0 | ▼ 100% |
| Trade debts44 | €71,937 | €121,189 | €1.2m | €249,482 | €1.2m | ▲ 380% |
| Suppliers440/4 | - | - | - | €249,482 | €1.2m | ▲ 380% |
| Taxes, remuneration and social security45 | - | - | - | €69,150 | €106,831 | ▲ 54.5% |
| Taxes450/3 | - | - | - | €32,249 | €69,423 | ▲ 115% |
| Remuneration and social security454/9 | - | - | - | €36,901 | €37,408 | ▲ 1.4% |
| Other amounts payable47/48 | - | - | - | €0 | €20,133 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€275,622 | -€281,925 | €3.1m | -€38,033 | -€26,106 | ▲ 31.4% |
| + Depreciation and write-downs630 | €222,643 | €169,942 | €17,287 | €244,065 | €130,058 | ▼ 46.7% |
| Operating cash flow (approximation) | -€52,979 | -€111,983 | €3.1m | €206,032 | €103,952 | ▼ 49.5% |
| Investment in fixed assets (approximation) | - | €130,850 | -€6.7m | -€171,252 | -€200,319 | ▼ 17.0% |
| Change in cash | - | -€319,633 | -€165,020 | €30,415 | -€34,984 | ▼ 215% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 1.98
Current ratio from 0.50 to 1.98; short-term debt falls from €1.2m to €421,693.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €3.1m
Net result €3.1m after 2 loss-making years.
31-12
Financial
Equity above €5mEq €5.7m ▲116%
Equity rises from €2.6m to €5.7m.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€281,925
Net result drops to -€281,925, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 281 days late
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
13-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- JOMALI
- EUTRACO LOGISTICS
Highest known parent: JOMALI. The sources do not say who stands above it.
Owners 1
- JOMALIparentSourceaccounts JOMALI 202199.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.