Skip to content

EXPOSE IT

Dissolved and wound up on 16-06-2023 KBO/BCE: BE 0899.453.779
EXPOSE IT
Financial year 2023
Follow Report

Annual accounts 2023

micro format, filed on 22-08-2023, 147 days before the deadline
Gross margin
€12,494
▼ 93.7%
Operating result
€872
▼ 99.6%
Loss
-€8,603
▼ €211,222
Working capital
€6,200
▼ 99.7%
Solvency
0.4%
▼ 98.6 percentage points
Current ratio
1.00
▼ 74.42

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €95,000. Estimated: probably between €44,000 and €230,000.

Balance sheet

balance sheet total €1.8m on 16-06-2023
What the company ownsHow it is paid for

Change in equityin €m

Change in cashin €m

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20232022202120202019201820172016201520142013201220112010
Balance sheet: assets
Total assets20/58 1.8m2.3m2.4m932,156924,445569,547194,133140,431147,386111,164159,293148,26657,35038,959
Formation expenses20 -----------180360540
Fixed assets21/28 -428,775421,957804,088804,219385,0143,1453,5265,6428,2026,3577,2569761,168
Tangible fixed assets22/27 -428,775421,957422,088422,2193,0143,1453,5265,6428,2026,3577,036616628
Land and buildings22 -419,336419,336419,336419,336---------
Plant, machinery and equipment23 -------250499749999---
Furniture and vehicles24 -6,949------1,7363,9151,6903,236616628
Other tangible fixed assets26 -2,4902,6212,7522,8833,0143,1453,2763,4073,5383,6693,800--
Financial fixed assets28 ---382,000382,000382,000-----40--
Current assets29/58 1.8m1.8m2.0m128,068120,226184,533190,988136,905141,744102,962152,935141,01056,37437,791
Stocks and contracts in progress3 ------------7,438-
Contracts in progress37 ------------7,438-
Amounts receivable within one year40/41 2,88242466,87523,79123,35325,73554,90137,57837,55014,39254,95499,68846,63934,731
Trade receivables40 --39,93023,35323,35325,16854,90137,57837,55014,15754,62599,68845,45134,695
Other amounts receivable41 2,88242426,945438-567---235329-1,18936
Cash at bank and in hand54/58 1.8m1.8m1.9m103,37895,973158,798136,08799,328104,19488,56997,98241,3222,2963,060
Deferred charges and accrued income490/1 -1,771900900900---------
Balance sheet: equity and liabilities
Total equity and liabilities10/49 1.8m2.3m2.4m932,156924,445569,547194,133140,431147,386111,164159,293148,26657,35038,959
Equity10/15 6,2002.3m2.0m422,602342,976266,036149,498105,725118,30982,45874,04859,34214,215-2,944
Contributions10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
Issued capital100 ---18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Uncalled capital101 ---12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
Reserves13 -2.2m2.0m416,402336,776259,836143,29839,63122,2242,1102,0161,9571,860-
Non-distributable reserves130/1 -1,8601,860-----------
Legal reserve130 ---1,8601,8601,8601,8601,8601,8601,8601,8601,8601,860-
Reserves not available under the articles1311 -1,8601,860-----------
Tax-exempt reserves132 -47947947947947947942136425015697--
Distributable reserves133 -2.2m2.0m414,064334,437257,497140,96037,35020,000-----
Profit (loss) carried forward14 -------59,89489,88574,14865,83251,1856,155-9,144
Amounts payable17/49 1.8m24,491383,942509,553581,469303,51144,63534,70629,07628,70685,24588,92443,13541,903
Amounts payable after more than one year17 --197,421396,382478,232224,600--------
Financial debts170/4 --197,421396,382478,232224,600--------
Amounts payable within one year42/48 1.8m24,491186,520112,130101,41778,91144,63534,70629,07628,70685,24588,92443,13541,903
Current portion of amounts payable after more than one year42 --15,35462,97164,38741,006--------
Trade debts44 -2,0231,3381001,14510,7269,35716,7521,1887159,79220,5106,67912,974
Suppliers440/4 -2,0231,3381001,14510,7269,35716,7521,1887159,79220,5106,67912,974
Advances received on contracts in progress46 ------146323--42,79742,79729,00026,300
Taxes, remuneration and social security45 -21,576169,82828,89035,81827,03334,82617,53627,81217,99119,00418,5497,1872,227
Taxes450/3 -21,576169,82828,89035,81827,03334,82617,53627,81217,99119,00418,5497,1872,227
Other amounts payable47/48 1.8m892-20,16967146305967710,00013,6537,069270402
Accrued charges and deferred income492/3 ---1,0411,820---------
Income statement
Non-recurring operating income76A 58,174-------------
Gross operating margin9900 12,494199,330-48,251112,588102,99088,23769,96133,74957,95425,76637,65486,16468,655184,290
Remuneration, social security and pensions62 ----------28917,73644,207190,386
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 -1,4981311311311313812,1162,5603,3612,1142,0831,1161,617
Other operating charges640/8 11,6233,8814,0049751,9232,2968781,3951,0601,0951,820564602748
Operating profit (loss)9901 872193,951-52,386111,482100,93685,81068,70230,23754,33321,31033,43265,78222,729-8,461
Financial income75/76B 1,78586,8501.9m40,02125,06971,8352364586831,3743371132247
Recurring financial income75 1,78586,8501.9m40,02125,06971,8352364586831,3743371132247
Financial charges65/66B 7137,03614,83510,01912,1804,0642741532584121,296473720929
Recurring financial charges65 7137,03614,83510,01912,1804,0642741532584121,296473720929
Profit (loss) for the period before taxes9903 1,944273,7651.8m141,484113,825153,58168,66330,54254,75822,27332,47365,32022,041-9,144
Income taxes67/77 10,54671,146187,37341,85836,88437,04324,89013,12618,9073,8637,76720,1934,883-
Profit (loss) for the period9904 -8,603202,6191.6m99,62676,940116,53843,77317,41535,85118,41024,70645,12717,159-9,144
Transfer from tax-exempt reserves789 479-------------
Transfer to tax-exempt reserves689 ------5857114945997--
Profit (loss) for the period to be appropriated9905 -8,124202,6191.6m99,62676,940116,53843,71617,35835,73718,31724,64745,03117,159-9,144
Appropriation of the result
Profit (loss) to be appropriated9906 -8,124202,6191.6m99,62676,940116,538103,610107,244109,88584,14875,83251,1858,015-9,144
Transfer from equity791/2 2.2m--20,000----------
Transfer to equity691/2 -202,6191.6m99,62676,940116,538103,61017,35020,000---1,860-
To the legal reserve6920 ------------1,860-
To other reserves6921 -202,6191.6m99,62676,940116,538103,61017,35020,000-----
Profit to be distributed694/7 2.2m--20,000---30,000-10,00010,000---
Return on contributions (dividend)694 2.2m--20,000---30,000------
Directors or managers695 ---------10,00010,000---
Social balance sheet
Average staff (FTE)9087 -----------0.312.8
Hours worked1013 -----------3571,7248,675
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 22-08-2023.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
16-06-2023 micro format 22-08-2023 2023-00340076 PDF
30-06-2022 micro format 19-12-2022 2022-20539345 PDF
30-06-2021 micro format 21-12-2021 2021-81000130 PDF
30-06-2020 micro format 21-12-2020 2020-76300563 PDF
30-06-2019 micro format 26-12-2019 2019-77600035 PDF
30-06-2018 micro format 21-12-2018 2018-75300285 PDF
30-06-2017 micro format 15-12-2017 2017-72000575 PDF
30-06-2016 abbreviated format 21-12-2016 2016-71000062 PDF
30-06-2015 abbreviated format 23-12-2015 2015-70300040 PDF
30-06-2014 abbreviated format 19-12-2014 2014-70100317 PDF
30-06-2013 abbreviated format 24-12-2013 2013-69800577 PDF
30-06-2012 abbreviated format 21-12-2012 2012-67100179 PDF
30-06-2011 abbreviated format 20-12-2011 2011-64300146 PDF
30-06-2010 abbreviated format 20-12-2010 2010-63300400 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20232022202120202019201820172016201520142013201220112010
EBITDA -195,449-52,255111,613101,06785,94169,08332,35356,89324,67135,54567,86423,845-6,845
Cash flow -204,1181.6m99,75777,071116,66944,15419,53238,41221,77126,82047,21018,275-7,527
Investment in fixed assets (approximation) -8,316-382,0000419,336382,0005,835005,2062,5828,3639241,885
Change in cash -85,007-98,0691.8m7,404-62,82522,71136,760-4,86615,625-9,41256,65939,026-763-
Working capital 6,2001.8m1.8m15,93818,810105,622146,353102,199112,66874,25667,69152,08613,239-4,112
Solvency 0.4%98.9%84.2%45.3%37.1%46.7%77.0%75.3%80.3%74.2%46.5%40.0%24.8%-7.6%
Current ratio 1.0075.4310.781.141.192.344.283.944.873.591.791.591.310.90
Quick ratio 1.0075.4310.781.141.192.344.283.944.873.591.791.591.130.90
Debt to equity -0.010.191.211.701.140.300.330.250.351.151.503.03-
ROE -138.8%9.0%79.4%23.6%22.4%43.8%29.3%16.5%30.3%22.3%33.4%76.0%120.7%-
ROA -0.5%8.9%66.8%10.7%8.3%20.5%22.5%12.4%24.3%16.6%15.5%30.4%29.9%-23.5%
Interest coverage -27.78------------

A ratio outside any meaningful range has been withheld (balance sheet total €1.8m, equity €6,200).

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.

Investments

fixed assets acquired
Item16-06-202330-06-2022
Tangible fixed assets-€8,316
Depreciation and write-downs of the year-€1,498

Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)

Insights on EXPOSE IT

The operating result for 2023 is 100% lower than in 2022.

Debt's share of the balance-sheet total rises from 1.1% to 99.6%. Equity is lower and debt is higher.

We would like to set cookies. That happens only with your consent. What we measure