FÉE
Dissolution or liquidationFinancials · financial year 2021, full format
Turnover
€0
EBIT margin
Not included in this filing
Net result
-€426,973
2020 · €857,897
Working capital
€101,397▲ 32.7%
2020 · €76,424
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result stays negative: a loss of €426,732 in 2021 against €167,814 in 2020; the loss grows and 2021 has the lowest 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-€0.4m
2021
Net result-€0.4m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.1m
2021
Equity€0.1m
2021
Debt€0.01m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.1m
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
Turnover€0
Operating result-€0.2m--€0.2m▲ 27.7%-€0.2m▼ 8.6%-€0.4m▼ 154%
Net result-€0.2m--€0.1m▲ 27.6%€0.9m-€0.4m
Equity€0.7m-€0.7m▼ 5.5%€0.5m▼ 24.1%€0.1m▼ 80.8%
Total assets€2.8m-€2.7m▼ 5.7%€0.5m▼ 80.0%€0.1m▼ 79.0%
Debt€2.1m-€2.0m▼ 5.8%€0.01m▼ 99.5%€0.01m▲ 19.3%
Working capital€0.1m-€0.07m▼ 44.0%€0.08m▲ 6.0%€0.1m▲ 32.7%
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €112,933
Equity
€101,397 ▼ 80.8%
Debt
€11,536 ▲ 19.3%
Debt's share of the balance-sheet total rises from 1.8% to 10.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€426,732▼
2020 · -€155,070
Cash flow
-€426,973▼
2020 · €870,640
Current ratio
9.79▲
2020 · 8.90
Debt to equity
0.11▲
2020 · 0.00
ROE
-421.1%▼
2020 · 162.4%
ROA
-378.1%▼
2020 · 159.4%
Interest coverage
-1576.81
Debt ≤ 1 year
€11,536▲
2020 · €9,672
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 |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0 | - |
| Non-recurring operating income76A | - | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.01m | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €0.006m | - |
| Gross operating margin9900 | -€0.07m | -€0.04m | €0.03m | -€0.4m | - |
| Operating profit (loss)9901 | -€0.2m | -€0.2m | -€0.2m | -€0.4m | ▼ 154% |
| Financial income75/76B | - | - | - | €29 | - |
| Recurring financial income75 | €0.04m | €0.04m | €1.0m | €29 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €271 | - |
| Recurring financial charges65 | €0.001m | €0.001m | €290 | €271 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | -€0.2m | -€0.1m | €0.9m | -€0.4m | - |
| Profit (loss) for the period9904 | -€0.2m | -€0.1m | €0.9m | -€0.4m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | -€0.1m | €0.9m | -€0.4m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.8m | €2.7m | €0.5m | €0.1m | ▼ 79.0% |
| Formation expenses20 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | €2.7m | €2.6m | €0.5m | - | - |
| Tangible fixed assets22/27 | €2.7m | €2.6m | €0.5m | - | - |
| Financial fixed assets28 | €0.003m | €0.003m | €0 | - | - |
| Current assets29/58 | €0.1m | €0.08m | €0.09m | €0.1m | ▲ 31.2% |
| Amounts receivable within one year40/41 | €0 | - | €0 | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.08m | €0.09m | €0.1m | ▲ 31.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.8m | €2.7m | €0.5m | €0.1m | ▼ 79.0% |
| Equity10/15 | €0.7m | €0.7m | €0.5m | €0.1m | ▼ 80.8% |
| Profit (loss) carried forward14 | -€0.3m | -€0.3m | €0.5m | €0.09m | ▼ 82.4% |
| Amounts payable17/49 | €2.1m | €2.0m | €0.01m | €0.01m | ▲ 19.3% |
| Amounts payable after more than one year17 | €2.1m | €2.0m | €0 | - | - |
| Amounts payable within one year42/48 | €0.02m | €0.004m | €0.01m | €0.01m | ▲ 19.3% |
| Trade debts44 | €0.01m | €0.004m | €0.004m | €0.006m | ▲ 41.4% |
| Suppliers440/4 | - | - | - | €0.006m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | -€0.1m | €0.9m | -€0.4m | - |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.01m | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€0.06m | -€0.02m | €0.9m | -€0.4m | - |
| Investment in fixed assets (approximation) | - | -€0.003m | €2.1m | - | - |
| Change in cash | - | -€0.07m | €0.01m | €0.03m | ▲ 168% |
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 (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | full format | 22-07-2022 | 2022-20219672 |
| 31-12-2020 | full format | 29-10-2021 | 2021-75100361 |
| 31-12-2019 | full format | 24-07-2020 | 2020-33700154 |
| 31-12-2018 | full format | 31-07-2019 | 2019-42800509 |
| 31-12-2017 | full format | 30-08-2018 | 2018-54400155 |
| 31-12-2016 | full format | 18-09-2017 | 2017-61200400 |
| 31-12-2014 | full format | 05-01-2016 | 2016-00400110 |
| 31-12-2013 | full format | 23-05-2014 | 2014-13800503 |
| 31-12-2012 | full format | 11-09-2013 | 2013-58100261 |
| 31-12-2011 | full format | 16-05-2013 | 2013-12200378 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.