FAQBOT
InactiveFinancials · financial year 2021, full format
Turnover
≈ €110,000
Estimated: probably between €58,000 and €210,000
EBIT margin
Not included in this filing
Net result
-€56,053▼ 67.6%
2020 · -€33,438
Working capital
€127,706▲ 16.4%
2020 · €109,749
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result stays negative: a loss of €27,715 in 2021 against €28,253 in 2020; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€27,715
2021
Net result-€56,053
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€145,763
2021
Equity€65,417
2021
Debt€80,346
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€127,706
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)0.7
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€144,522--€82,583▲ 42.9%-€28,253▲ 65.8%-€27,715▲ 1.9%
Net result-€145,510--€86,267▲ 40.7%-€33,438▲ 61.2%-€56,053▼ 67.6%
Equity€241,176-€199,653▼ 17.2%€126,383▼ 36.7%€65,417▼ 48.2%
Total assets€306,762-€289,335▼ 5.7%€177,013▼ 38.8%€145,763▼ 17.7%
Debt€65,586-€89,682▲ 36.7%€50,631▼ 43.5%€80,346▲ 58.7%
Working capital€200,761-€172,432▼ 14.1%€109,749▼ 36.4%€127,706▲ 16.4%
Staff (FTE)10.7▼ 30.0%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €145,763
Fixed assets
€3,978 ▼ 76.1%
Current assets
€141,785 ▼ 11.6%
Equity and liabilities €145,763
Equity
€65,417 ▼ 48.2%
Debt
€80,346 ▲ 58.7%
Debt's share of the balance-sheet total rises from 28.6% to 55.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€15,234▲
2020 · -€15,623
Cash flow
-€43,572▼
2020 · -€20,809
Current ratio
10.07▲
2020 · 3.17
Debt to equity
1.23
ROE
-85.7%▼
2020 · -26.5%
ROA
-38.5%▼
2020 · -18.9%
Interest coverage
-0.52
Debt ≤ 1 year
€14,079▼
2020 · €50,631
Debt > 1 year
€23,929
Staff costs
€44,278
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €44,278 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,194 | €13,194 | €12,630 | €12,481 | ▼ 1.2% |
| Other operating charges640/8 | - | - | - | €1,364 | - |
| Gross operating margin9900 | -€111,170 | -€69,041 | €19,689 | €30,408 | ▲ 54.4% |
| Operating profit (loss)9901 | -€144,522 | -€82,583 | -€28,253 | -€27,715 | ▲ 1.9% |
| Financial income75/76B | - | - | - | €1,171 | - |
| Recurring financial income75 | €647 | €424 | €387 | €1,171 | ▲ 203% |
| Financial charges65/66B | - | - | - | €29,509 | - |
| Recurring financial charges65 | €1,582 | €4,067 | €5,481 | €29,509 | ▲ 438% |
| Profit (loss) for the period before taxes9903 | -€145,457 | -€86,226 | -€33,347 | -€56,053 | ▼ 68.1% |
| Income taxes67/77 | €53 | €41 | €91 | - | - |
| Profit (loss) for the period9904 | -€145,510 | -€86,267 | -€33,438 | -€56,053 | ▼ 67.6% |
| Profit (loss) for the period to be appropriated9905 | -€145,510 | -€86,267 | -€33,438 | -€56,053 | ▼ 67.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €306,762 | €289,335 | €177,013 | €145,763 | ▼ 17.7% |
| Fixed assets21/28 | €40,414 | €27,221 | €16,634 | €3,978 | ▼ 76.1% |
| Intangible fixed assets21 | €36,563 | €24,705 | €12,846 | €988 | ▼ 92.3% |
| Tangible fixed assets22/27 | €1,749 | €413 | €1,510 | €887 | ▼ 41.3% |
| Furniture and vehicles24 | - | - | - | €887 | - |
| Financial fixed assets28 | €2,103 | €2,103 | €2,278 | €2,103 | ▼ 7.7% |
| Current assets29/58 | €266,347 | €262,114 | €160,379 | €141,785 | ▼ 11.6% |
| Amounts receivable within one year40/41 | €79,528 | €130,335 | €18,109 | €21,809 | ▲ 20.4% |
| Trade receivables40 | - | - | - | €21,809 | - |
| Cash at bank and in hand54/58 | €186,819 | €131,779 | €142,156 | €119,939 | ▼ 15.6% |
| Deferred charges and accrued income490/1 | - | - | - | €37 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €306,762 | €289,335 | €177,013 | €145,763 | ▼ 17.7% |
| Equity10/15 | €241,176 | €199,653 | €126,383 | €65,417 | ▼ 48.2% |
| Contributions10/11 | €400,044 | €400,044 | €400,044 | €400,044 | = |
| Capital10 | - | - | - | €400,044 | - |
| Issued capital100 | - | - | - | €400,044 | - |
| Profit (loss) carried forward14 | -€158,868 | -€245,135 | -€278,573 | -€334,627 | ▼ 20.1% |
| Amounts payable17/49 | €65,586 | €89,682 | €50,631 | €80,346 | ▲ 58.7% |
| Amounts payable after more than one year17 | - | - | - | €23,929 | - |
| Other amounts payable178/9 | - | - | - | €23,929 | - |
| Amounts payable within one year42/48 | €65,586 | €89,682 | €50,631 | €14,079 | ▼ 72.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,873 | - |
| Trade debts44 | €16,857 | €43,166 | €6,235 | €4,810 | ▼ 22.9% |
| Suppliers440/4 | - | - | - | €4,810 | - |
| Taxes, remuneration and social security45 | - | - | - | €5,396 | - |
| Taxes450/3 | - | - | - | €5,396 | - |
| Accrued charges and deferred income492/3 | - | - | - | €42,338 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€145,510 | -€86,267 | -€33,438 | -€56,053 | ▼ 67.6% |
| + Depreciation and write-downs630 | €13,194 | €13,194 | €12,630 | €12,481 | ▼ 1.2% |
| Operating cash flow (approximation) | -€132,316 | -€73,073 | -€20,809 | -€43,572 | ▼ 109% |
| Investment in fixed assets (approximation) | - | €0 | -€2,043 | €175 | - |
| Change in cash | - | -€55,040 | €10,377 | -€22,217 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | full format | 24-07-2022 | 2022-20223546 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-54400444 |
| 31-12-2019 | micro format | 29-09-2020 | 2020-56200164 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59900005 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58200244 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.