EWA NOVA
InactiveFinancials · financial year 2021, full format
Annual accounts 2021 filed on 26-07-2022 PDF all 25 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€0▼ 100%
2020 · €282,504
EBIT margin
69.4%
Net result
€3.9m▲ 32×
2020 · €122,284
Working capital
€2.9m
2020 · -€968,425
Multi-year overview
2018 to 2021, 4 financial yearsTurnover
€0
▼ 100%
2021
20182021
Operating result
€78,985
▼ 59.7%
2021
20182021
Net result
€3.9m
▲ 32×
2021
20182021
EBIT margin
no figure
2021
20182021
Equity
€6.7m
▲ 138%
2021
20182021
Total assets
€6.7m
▲ 48.7%
2021
20182021
Debt
€57,821
▼ 96.6%
2021
20182021
Working capital
€2.9m
2021
20182021
Staff (FTE)
no figure
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€0.3m€0▼ 100%
Operating result€0.2m-€0.2m▲ 3.2%€0.2m▲ 5.5%€0.08m▼ 59.7%
Net result€0.1m-€0.1m▲ 7.7%€0.1m▲ 5.8%€3.9m▲ 32×
EBIT margin69.4%
Equity€2.6m-€2.7m▲ 4.5%€2.8m▲ 4.6%€6.7m▲ 138%
Total assets€3.5m-€3.5m▲ 0.2%€4.5m▲ 28.7%€6.7m▲ 48.7%
Debt€0.8m-€0.7m▼ 14.4%€1.7m▲ 161%€0.06m▼ 96.6%
Working capital-€0.5m--€0.4m▲ 20.8%-€1.0m▼ 148%€2.9m
Staff (FTE)0-
The operating result for 2021 is 60% lower than in 2020 and the lowest since 2018.
Large changes and their cause
- 2021 Turnover -100% on 2020. Last accounts before the absorption by THERCON (Official Gazette 10-10-2022).
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €6.7m
Fixed assets
€3.7m ▼ 0.8%
Current assets
€3.0m ▲ 299%
Equity and liabilities €6.7m
Equity
€6.7m ▲ 138%
Debt
€57,821 ▼ 96.6%
Debt's share of the balance-sheet total falls from 38.0% to 0.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€99,617▼
2020 · €218,527
Cash flow
€3.9m▲
2020 · €144,801
Current ratio
51.58▲
2020 · 0.44
Debt to equity
0.01▼
2020 · 0.61
ROE
57.9%▲
2020 · 4.4%
ROA
57.4%▲
2020 · 2.7%
Interest coverage
25.28▲
2020 · 6.19
Debt ≤ 1 year
€57,658▼
2020 · €1.7m
Income taxes
€26,002▼
2020 · €38,188
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2020 | 2021 |
|---|---|---|
| Mortgages, amount registered | - | €1.0m |
| Carrying value of the mortgaged assets | - | €827,636 |
Source: notes to the 2020 to 2021 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2020 | 2021 |
|---|---|---|
| Tangible fixed assets | €412,651 | - |
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €22,517 | €20,633 |
Source: notes to the 2020 to 2021 annual accounts (statement of fixed assets)
Auditor
The auditor is Baker Tilly Bedrijfsrevisoren.
| Item | 2020 | 2021 |
|---|---|---|
| Fee for the audit | €1,500 | €1,545 |
| Work by persons linked to the auditor | - | €2,385 |
Source: notes to the 2020 to 2021 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | €0.4m | €0.1m | ▼ 66.2% |
| Turnover70 | - | - | €0.3m | €0 | ▼ 100% |
| Other operating income74 | - | - | €0.08m | €0.1m | ▲ 56.6% |
| Operating charges60/66A | - | - | €0.2m | €0.04m | ▼ 73.9% |
| Services and other goods61 | - | - | €0.3m | €0.01m | ▼ 96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.003m | €0.02m | €0.02m | ▼ 8.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€0.2m | €0 | - |
| Other operating charges640/8 | - | - | €0.001m | €0.01m | ▲ 664% |
| Gross operating margin9900 | €0.2m | €0.2m | - | - | - |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.2m | €0.08m | ▼ 59.7% |
| Financial income75/76B | - | - | €0.001m | €3.8m | ▲ 5,029× |
| Recurring financial income75 | €0 | €2 | €0.001m | €0.02m | ▲ 21× |
| Income from financial fixed assets750 | - | - | - | €0.02m | - |
| Income from current assets751 | - | - | €0.001m | €0 | ▼ 100% |
| Other financial income752/9 | - | - | €0 | €1 | - |
| Non-recurring financial income76B | - | - | - | €3.8m | - |
| Financial charges65/66B | - | - | €0.04m | €0.005m | ▼ 85.4% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.04m | €0.005m | ▼ 85.4% |
| Debt charges650 | - | - | €0.04m | €0.004m | ▼ 88.8% |
| Other financial charges652/9 | - | - | €0.001m | €0.001m | ▲ 34.3% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.2m | €3.9m | ▲ 24× |
| Income taxes67/77 | €0.05m | €0.05m | €0.04m | €0.03m | ▼ 31.9% |
| Taxes670/3 | - | - | €0.04m | €0.03m | ▼ 31.9% |
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.1m | €3.9m | ▲ 32× |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.1m | €0.1m | €3.9m | ▲ 32× |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.5m | €3.5m | €4.5m | €6.7m | ▲ 48.7% |
| Formation expenses20 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €3.4m | €3.4m | €3.8m | €3.7m | ▼ 0.8% |
| Intangible fixed assets21 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.8m | €0.8m | ▼ 2.4% |
| Land and buildings22 | - | - | €0.8m | €0.8m | ▼ 2.4% |
| Furniture and vehicles24 | - | - | €0 | - | - |
| Financial fixed assets28 | €2.9m | €2.9m | €2.9m | €2.9m | ▼ 0.3% |
| Affiliated companies280/1 | - | - | €2.9m | €2.9m | ▼ 0.3% |
| Participating interests280 | - | - | €2.9m | €2.9m | ▼ 0.3% |
| Other financial fixed assets284/8 | - | - | €50 | €50 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €50 | €50 | = |
| Current assets29/58 | €0.1m | €0.1m | €0.7m | €3.0m | ▲ 299% |
| Stocks and contracts in progress3 | €0 | €0 | - | €0 | - |
| Amounts receivable within one year40/41 | €0.03m | €0.008m | €0.7m | €2.7m | ▲ 283% |
| Trade receivables40 | - | - | €0.01m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €0.7m | €2.7m | ▲ 288% |
| Current investments50/53 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.09m | €0.1m | €0.04m | €0.3m | ▲ 592% |
| Deferred charges and accrued income490/1 | - | - | €232 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.5m | €3.5m | €4.5m | €6.7m | ▲ 48.7% |
| Equity10/15 | €2.6m | €2.7m | €2.8m | €6.7m | ▲ 138% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €2.5m | €2.7m | €2.7m | €2.7m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | €2.7m | €2.7m | = |
| Profit (loss) carried forward14 | €0 | €0 | €0.1m | €4.0m | ▲ 33× |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €0 | - | - |
| Pensions and similar obligations160 | - | - | €0 | - | - |
| Amounts payable17/49 | €0.8m | €0.7m | €1.7m | €0.06m | ▼ 96.6% |
| Amounts payable after more than one year17 | €0.1m | €0.08m | €0 | - | - |
| Financial debts170/4 | - | - | €0 | - | - |
| Credit institutions173 | - | - | €0 | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.5m | €1.7m | €0.06m | ▼ 96.6% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | - | - |
| Trade debts44 | €0.001m | €0.001m | €0.03m | €0.009m | ▼ 71.8% |
| Suppliers440/4 | - | - | €0.03m | €0.009m | ▼ 71.8% |
| Taxes, remuneration and social security45 | - | - | €0.02m | €0.05m | ▲ 127% |
| Taxes450/3 | - | - | €0.02m | €0.05m | ▲ 127% |
| Other amounts payable47/48 | - | - | €1.7m | €210 | ▼ 100.0% |
| Accrued charges and deferred income492/3 | - | - | €163 | €163 | ▲ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.1m | €3.9m | ▲ 32× |
| + Depreciation and write-downs630 | €0.001m | €0.003m | €0.02m | €0.02m | ▼ 8.4% |
| Operating cash flow (approximation) | €0.1m | €0.1m | €0.1m | €3.9m | ▲ 27× |
| Investment in fixed assets (approximation) | - | -€0.004m | -€0.4m | €0.009m | - |
| Change in cash | - | €0.03m | -€0.08m | €0.2m | - |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | full format | 26-07-2022 | 2022-20228828 | |
| 31-12-2020 | full format | 20-07-2021 | 2021-37100244 | |
| 31-12-2019 | abbreviated format | 16-07-2020 | 2020-31900103 | |
| 31-12-2018 | abbreviated format | 12-07-2019 | 2019-32100402 | |
| 31-12-2017 | abbreviated format | 27-06-2018 | 2018-23500457 | |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31800327 | |
| 31-12-2015 | abbreviated format | 24-06-2016 | 2016-21700211 | |
| 31-12-2014 | abbreviated format | 09-07-2015 | 2015-29100374 | |
| 31-12-2013 | abbreviated format | 11-07-2014 | 2014-29800520 | |
| 31-12-2012 | abbreviated format | 12-07-2013 | 2013-29700447 |