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EXPRESS ROGIER

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Private limited company (pre-2019)founded 2017KBO/BCE: BE 0671.985.613
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Financials · financial year 2020, full format

2020 annual accounts filed 31 days after the deadline Filed on 31 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-64100367.

Annual accounts 2020 filed on 31-08-2021 PDF all 3 filings

Turnover
≈ €490,000
Estimated: probably between €330,000 and €730,000
EBIT margin
Not included in this filing
Net result
€10,219▲ 51.4%
2019 · €6,748
Working capital
€9,225▲ 188%
2019 · €3,200
Trend over the years

2018 to 2020, 3 financial years

The operating result for 2020 is 36% higher than in 2019. It is a recovery after the fall in 2019.

Operating result€30,039 2020 Net result€10,219 2020

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020
Operating result€31,037-€22,029▼ 29.0%€30,039▲ 36.4%
Net result€17,992-€6,748▼ 62.5%€10,219within the sector's middle half▲ 51.4%
Equity€24,192-€30,940▲ 27.9%€41,159within the sector's middle half▲ 33.0%
Total assets€441,866-€411,456▼ 6.9%€467,806within the sector's middle half▲ 13.7%
Debt€417,674-€380,516▼ 8.9%€426,648▲ 12.1%
Working capital-€3,415-€3,200€9,225within the sector's middle half▲ 188%
Solvency5.5%-7.5%▲ 2.0pp8.8%below the sector's middle half▲ 1.3pp
Current ratio0.98-1.02▲ 0.031.04within the sector's middle half▲ 0.02
Return on assets (ROA)4.1%-1.6%▼ 2.4pp2.2%within the sector's middle half▲ 0.5pp
above within below The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €467,806
Fixed assets €220,165 ▼ 4.3%
Current assets €247,642 ▲ 36.5%
Equity and liabilities €467,806
Equity €41,159 ▲ 33.0%
Debt €426,648 ▲ 12.1%
Debt's share of the balance-sheet total falls from 92.5% to 91.2%. Equity and debt are higher.
Key figures and ratios
2020 value · change against 2019
EBITDA
€39,931▲
2019 · €31,921
Cash flow
€20,111▲
2019 · €16,640
Quick ratio
0.91▲
2019 · 0.72
Debt to equity
4.55▼
2019 · 6.46
ROE
24.8%▲
2019 · 21.8%
Debt ≤ 1 year
€238,417▲
2019 · €178,199
Debt > 1 year
€187,112▼
2019 · €199,723
Income taxes
€10,275▲
2019 · €2,772
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines

Source: Annual accounts 2020 (PDF), filed on 31-08-2021.

Balance sheet Code20192020
Assets
Total assets20/58€411,456€467,806▲
Fixed assets21/28€230,057€220,165▼
Tangible fixed assets22/27€229,964€220,072▼
Financial fixed assets28€93€93=
Current assets29/58€181,399€247,642▲
Stocks and contracts in progress3€53,937€30,335▼
Amounts receivable within one year40/41€32,220€160,894▲
Cash at bank and in hand54/58€86,613€55,445▼
Equity and liabilities
Total equity and liabilities10/49€411,456€467,806▲
Equity10/15€30,940€41,159▲
Contributions10/11€6,200€6,200=
Reserves13€10,400€900▼
Profit (loss) carried forward14€14,340€34,059▲
Amounts payable17/49€380,516€426,648▲
Amounts payable after more than one year17€199,723€187,112▼
Amounts payable within one year42/48€178,199€238,417▲
Trade debts44€158,408€214,496▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,892€9,892=
Gross operating margin9900€61,463€42,966▼
Operating profit (loss)9901€22,029€30,039▲
Recurring financial income75€139€1▼
Recurring financial charges65€12,648€9,545▼
Profit (loss) for the period before taxes9903€9,520€20,495▲
Income taxes67/77€2,772€10,275▲
Profit (loss) for the period9904€6,748€10,219▲
Profit (loss) for the period to be appropriated9905-€2,752€10,219▲
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,135€9,892€9,892=
Gross operating margin9900€86,785€61,463€42,966▼ 30.1%
Operating profit (loss)9901€31,037€22,029€30,039▲ 36.4%
Recurring financial income75€213€139€1▼ 99.4%
Recurring financial charges65€8,496€12,648€9,545▼ 24.5%
Profit (loss) for the period before taxes9903€22,755€9,520€20,495▲ 115%
Income taxes67/77€4,763€2,772€10,275▲ 271%
Profit (loss) for the period9904€17,992€6,748€10,219▲ 51.4%
Profit (loss) for the period to be appropriated9905€17,992-€2,752€10,219-
Line201820192020Change
Assets
Total assets20/58€441,866€411,456€467,806▲ 13.7%
Fixed assets21/28€239,949€230,057€220,165▼ 4.3%
Tangible fixed assets22/27€239,856€229,964€220,072▼ 4.3%
Financial fixed assets28€93€93€93=
Current assets29/58€201,917€181,399€247,642▲ 36.5%
Stocks and contracts in progress3€46,694€53,937€30,335▼ 43.8%
Amounts receivable within one year40/41€86,603€32,220€160,894▲ 399%
Cash at bank and in hand54/58€65,237€86,613€55,445▼ 36.0%
Equity and liabilities
Total equity and liabilities10/49€441,866€411,456€467,806▲ 13.7%
Equity10/15€24,192€30,940€41,159▲ 33.0%
Contributions10/11€6,200€6,200€6,200=
Reserves13€900€10,400€900▼ 91.3%
Profit (loss) carried forward14€17,092€14,340€34,059▲ 138%
Amounts payable17/49€417,674€380,516€426,648▲ 12.1%
Amounts payable after more than one year17€211,966€199,723€187,112▼ 6.3%
Amounts payable within one year42/48€205,332€178,199€238,417▲ 33.8%
Trade debts44€182,170€158,408€214,496▲ 35.4%
Line201820192020Change
Profit (loss) for the period9904€17,992€6,748€10,219▲ 51.4%
+ Depreciation and write-downs630€18,135€9,892€9,892=
Operating cash flow (approximation)€36,127€16,640€20,111▲ 20.9%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€21,376-€31,168-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2020 full format 31-08-2021 2021-64100367 PDF
31-12-2019 full format 26-11-2020 2020-72200495 PDF
31-12-2018 full format 11-10-2019 2019-69800039 PDF