Evecocoleo
Annual accounts 2020
micro format, filed on 27-08-2021, 27 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €110,000 and €510,000.
Balance sheet
balance sheet total €47,579 on 31-12-2020Change in equityin euro
Change in cashin euro
Position in the sector
Solvency-156.6%
Higher than 5% of 18,809 companies in 2020.
Current ratio0.13
Lower than 95% of 18,246 companies in 2020.
Return on assets-40.8%
Lower than 95% of 18,380 companies in 2020.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: middle half
Staff
Staff cost per FTE€28,590
Staff costs divided by the average number of full-time equivalents.
Joined and left-1
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
Total assets20/58 |
47,579 | 48,798 | 62,460 | 55,345 | 58,668 | 69,745 | |
Formation expenses20 |
- | 1,419 | 4,256 | 7,094 | 9,931 | 12,769 | |
Fixed assets21/28 |
31,310 | 33,783 | 36,724 | 18,665 | 21,606 | 36,040 | |
Tangible fixed assets22/27 |
7,910 | 10,383 | 13,324 | 16,265 | 19,206 | 20,871 | |
Furniture and vehicles24 |
21 | 741 | 1,929 | 3,117 | 4,305 | 4,217 | |
Other tangible fixed assets26 |
7,889 | 9,642 | 11,395 | 13,148 | 14,901 | 16,654 | |
Financial fixed assets28 |
23,400 | 23,400 | 23,400 | 2,400 | 2,400 | 2,400 | |
Current assets29/58 |
16,269 | 13,596 | 21,480 | 29,586 | 27,130 | 33,705 | |
Stocks and contracts in progress3 |
3,300 | 2,734 | 2,918 | 11,187 | 4,059 | 8,881 | |
Stocks30/36 |
3,300 | 2,734 | 2,918 | 11,187 | 4,059 | 8,881 | |
Amounts receivable within one year40/41 |
973 | 1,858 | 4,553 | 6,467 | 4,070 | 3,933 | |
Trade receivables40 |
973 | 1,836 | 4,553 | 6,467 | 4,069 | 3,933 | |
Other amounts receivable41 |
- | 22 | - | - | 1 | - | |
Cash at bank and in hand54/58 |
11,732 | 9,004 | 14,009 | 11,454 | 18,526 | 16,071 | |
Deferred charges and accrued income490/1 |
265 | - | - | 478 | 475 | 4,820 | |
| Balance sheet: equity and liabilities | |||||||
Total equity and liabilities10/49 |
47,579 | 48,798 | 62,460 | 55,345 | 58,668 | 69,745 | |
Equity10/15 |
-74,523 | -55,119 | -41,620 | -26,634 | -16,695 | -3,311 | |
Contributions10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
Issued capital100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
Uncalled capital101 |
- | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
Profit (loss) carried forward14 |
-80,723 | -61,319 | -47,820 | -32,834 | -22,895 | -9,511 | |
Amounts payable17/49 |
122,102 | 103,917 | 104,081 | 81,979 | 75,363 | 73,056 | |
Amounts payable within one year42/48 |
121,884 | 103,917 | 104,081 | 81,979 | 74,308 | 73,056 | |
Financial debts43 |
574 | 81 | 3,766 | - | - | - | |
Credit institutions430/8 |
574 | 81 | 3,766 | - | - | - | |
Trade debts44 |
44,407 | 27,646 | 17,533 | 23,810 | 17,042 | 26,524 | |
Suppliers440/4 |
44,407 | 27,646 | 17,533 | 23,810 | 17,042 | 26,524 | |
Advances received on contracts in progress46 |
- | - | - | 17 | - | - | |
Taxes, remuneration and social security45 |
14,203 | 13,299 | 14,167 | 8,388 | 7,340 | 4,482 | |
Taxes450/3 |
8,726 | 4,987 | 3,262 | 1,798 | 2,330 | 2,384 | |
Remuneration and social security454/9 |
5,476 | 8,313 | 10,905 | 6,591 | 5,010 | 2,098 | |
Other amounts payable47/48 |
62,701 | 62,890 | 68,615 | 49,764 | 49,926 | 42,050 | |
Accrued charges and deferred income492/3 |
218 | - | - | - | 1,055 | - | |
| Income statement | |||||||
Gross operating margin9900 |
20,169 | 50,076 | 35,989 | 37,362 | 19,207 | 4,682 | |
Remuneration, social security and pensions62 |
34,308 | 44,909 | 43,848 | 40,200 | 25,851 | 11,286 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
3,891 | 5,779 | 5,779 | 5,779 | 5,758 | 2,764 | |
Other operating charges640/8 |
348 | - | 348 | 404 | 386 | - | |
Non-recurring operating charges66A |
- | 11,400 | - | - | - | - | |
Operating profit (loss)9901 |
-18,378 | -12,012 | -13,985 | -9,020 | -12,787 | -9,368 | |
Financial income75/76B |
4 | 190 | 17 | 535 | 42 | 2 | |
Recurring financial income75 |
4 | 190 | 17 | 535 | 42 | 2 | |
Financial charges65/66B |
1,031 | 1,676 | 1,019 | 1,454 | 639 | 144 | |
Recurring financial charges65 |
1,031 | 1,676 | 1,019 | 744 | 639 | 144 | |
Non-recurring financial charges66B |
- | - | - | 710 | - | - | |
Profit (loss) for the period before taxes9903 |
-19,404 | -13,498 | -14,986 | -9,939 | -13,384 | -9,510 | |
Income taxes67/77 |
- | - | - | - | - | 1 | |
Profit (loss) for the period9904 |
-19,404 | -13,498 | -14,986 | -9,939 | -13,384 | -9,511 | |
Profit (loss) for the period to be appropriated9905 |
-19,404 | -13,498 | -14,986 | -9,939 | -13,384 | -9,511 | |
| Appropriation of the result | |||||||
Profit (loss) to be appropriated9906 |
-80,723 | -61,319 | -47,820 | -32,834 | -22,895 | -9,511 | |
| Social balance sheet | |||||||
Average staff (FTE)9087 |
1.2 | 1.3 | 1.2 | 1 | 0.9 | 0.3 | |
Hours worked1013 |
1,472 | 1,983 | 2,092 | 2,060 | 1,688 | 690 | |
| Document | |||||||
Source: Annual accounts 2020 (PDF), filed on 27-08-2021.
Filings
each dot is a set of accounts, on the day it reached the National Bank2020 annual accounts filed 27 days after the deadline. Filed on 27 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-59200230.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 27-08-2021 | 2021-59200230 | |
| 31-12-2019 | micro format | 27-11-2020 | 2020-73100486 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-35500502 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52500593 | |
| 31-12-2016 | micro format | 23-06-2017 | 2017-20900044 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-52600286 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| EBITDA | -14,487 | -6,234 | -8,206 | -3,242 | -7,030 | -6,604 | |
| Cash flow | -15,513 | -7,720 | -9,207 | -4,160 | -7,627 | -6,747 | |
| Investment in fixed assets (approximation) | 1,419 | 2,838 | 21,000 | 2,838 | 1,256 | 24,616 | |
| Change in cash | 2,727 | -5,005 | 2,555 | -7,072 | 2,455 | - | |
| Working capital | -105,615 | -90,320 | -82,600 | -52,393 | -47,177 | -39,351 | |
| Solvency | -156.6% | -113.0% | -66.6% | -48.1% | -28.5% | -4.7% | |
| Current ratio | 0.13 | 0.13 | 0.21 | 0.36 | 0.37 | 0.46 | |
| Quick ratio | 0.11 | 0.10 | 0.18 | 0.22 | 0.31 | 0.34 | |
| ROA | -40.8% | -27.7% | -24.0% | -18.0% | -22.8% | -13.6% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on Evecocoleo
The operating result for 2020 is a loss of €18,378, larger than the loss of €12,012 in 2019. It is the lowest result since 2015.
Equity is negative. Debt (€122,102) exceeds the balance-sheet total (€47,579).