F.B.E.
InactiveFinancials · financial year 2022, micro format
Equity
€486,525▲ 17.4%
2021 · €414,293
Total assets
€1.0m▲ 9.6%
2021 · €929,702
Net result
€72,233▲ 151%
2021 · €28,735
Working capital
-€442,733▲ 4.6%
2021 · -€463,860
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result has risen three years in a row; 2022 is over 5.3 times 2021 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.09m
2022
Net result€0.07m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.0m
2022
Equity€0.5m
2022
Debt€0.5m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result-€0.007m--€0.001m▲ 84.3%€0.02m€0.09m▲ 434%
Net result-€0.02m--€0.03m▼ 52.3%€0.03m€0.07m▲ 151%
Equity€0.4m-€0.4m▼ 7.9%€0.4m▲ 7.5%€0.5m▲ 17.4%
Total assets€0.9m-€0.9m▼ 2.2%€0.9m▲ 1.2%€1.0m▲ 9.6%
Debt€0.5m-€0.5m▲ 2.5%€0.5m▼ 3.3%€0.5m▲ 3.3%
Working capital-€0.5m--€0.5m▼ 0.6%-€0.5m▲ 6.6%-€0.4m▲ 4.6%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.0m
Fixed assets
€929,258 ▲ 5.8%
Current assets
€89,510 ▲ 73.6%
Equity and liabilities €1.0m
Equity
€486,525 ▲ 17.4%
Debt
€532,243 ▲ 3.3%
Debt's share of the balance-sheet total falls from 55.4% to 52.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€98,626▲
2021 · €27,548
Cash flow
€85,668▲
2021 · €40,330
Current ratio
0.17▲
2021 · 0.10
Debt to equity
1.09
ROE
14.8%▲
2021 · 6.9%
ROA
7.1%▲
2021 · 3.1%
Interest coverage
7.61
Debt ≤ 1 year
€532,243▲
2021 · €515,409
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,358 | €11,358 | €11,594 | €13,436 | ▲ 15.9% |
| Other operating charges640/8 | - | - | - | €4,908 | - |
| Gross operating margin9900 | €8,781 | €14,836 | €32,305 | €103,534 | ▲ 220% |
| Operating profit (loss)9901 | -€7,114 | -€1,116 | €15,954 | €85,190 | ▲ 434% |
| Recurring financial income75 | - | €0 | €13,123 | - | - |
| Financial charges65/66B | - | - | - | €12,957 | - |
| Recurring financial charges65 | €14,577 | €13,320 | €342 | €12,957 | ▲ 38× |
| Profit (loss) for the period before taxes9903 | -€21,691 | -€33,035 | €28,735 | €72,233 | ▲ 151% |
| Profit (loss) for the period9904 | -€21,691 | -€33,035 | €28,735 | €72,233 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | -€21,691 | -€33,035 | €28,735 | €72,233 | ▲ 151% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 9.6% |
| Fixed assets21/28 | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 5.8% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 7.0% |
| Land and buildings22 | - | - | - | €0.8m | - |
| Plant, machinery and equipment23 | - | - | - | €0.005m | - |
| Financial fixed assets28 | €0.2m | €0.1m | €0.1m | €0.1m | = |
| Current assets29/58 | €0.03m | €0.04m | €0.05m | €0.09m | ▲ 73.6% |
| Amounts receivable within one year40/41 | €0.02m | €0.03m | €0.04m | €0.08m | ▲ 83.9% |
| Trade receivables40 | - | - | - | €0.08m | - |
| Cash at bank and in hand54/58 | €0.008m | €0.007m | €0.008m | €0.01m | ▲ 19.7% |
| Deferred charges and accrued income490/1 | - | - | - | €122 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 9.6% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 17.4% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | - |
| Issued capital100 | - | - | - | €0.5m | - |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | - | €0.04m | - |
| Legal reserve130 | - | - | - | €0.04m | - |
| Profit (loss) carried forward14 | -€0.1m | -€0.2m | -€0.1m | -€0.07m | ▲ 50.4% |
| Amounts payable17/49 | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 3.3% |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 3.3% |
| Trade debts44 | €0.001m | €0.03m | €0.005m | €0.001m | ▼ 82.6% |
| Suppliers440/4 | - | - | - | €0.001m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | - |
| Taxes450/3 | - | - | - | €0.009m | - |
| Other amounts payable47/48 | - | - | - | €0.5m | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,691 | -€33,035 | €28,735 | €72,233 | ▲ 151% |
| + Depreciation and write-downs630 | €11,358 | €11,358 | €11,594 | €13,436 | ▲ 15.9% |
| Operating cash flow (approximation) | -€10,333 | -€21,677 | €40,330 | €85,668 | ▲ 112% |
| Investment in fixed assets (approximation) | - | €18,600 | -€7,701 | -€64,541 | ▼ 738% |
| Change in cash | - | -€309 | €625 | €1,600 | ▲ 156% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2022 | micro format | 04-10-2022 | 2022-20450242 |
| 31-03-2021 | micro format | 28-09-2021 | 2021-68800171 |
| 31-03-2020 | abbreviated format | 15-10-2020 | 2020-61500600 |
| 31-03-2019 | abbreviated format | 03-10-2019 | 2019-68400421 |
| 31-03-2018 | abbreviated format | 21-09-2018 | 2018-63600416 |
| 31-03-2017 | micro format | 28-09-2017 | 2017-62700113 |
| 31-03-2016 | abbreviated format | 11-10-2016 | 2016-64900558 |
| 31-03-2015 | abbreviated format | 23-09-2015 | 2015-59300298 |
| 31-03-2014 | abbreviated format | 15-09-2014 | 2014-58400248 |
| 31-03-2013 | abbreviated format | 23-09-2013 | 2013-58700260 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.