FERNEL-DIS
InactiveFinancials · financial year 2021, full format
2021 annual accounts filed 78 days after the deadline Filed on 17 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20467465.
Annual accounts 2021 filed on 17-10-2022 PDF all 19 filings
Turnover
≈ €2.9m
Estimated: probably between €1.9m and €4.7m
EBIT margin
Not included in this filing
Net result
€302,598▼ 24.5%
2020 · €400,916
Working capital
€298,719
2020 · -€71,996
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€458,367
▼ 31.3%
2021
20182021
Net result
€302,598
▼ 24.5%
2021
20182021
Equity
€2.2m
▲ 16.2%
2021
20182021
Total assets
€4.7m
▼ 2.2%
2021
20182021
Debt
€2.5m
▼ 14.0%
2021
20182021
Working capital
€298,719
2021
20182021
Staff (FTE)
24.5
▲ 14.5%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.3m-€0.2m▼ 33.7%€0.7m▲ 217%€0.5m▼ 31.3%
Net result€0.2m-€0.1m▼ 43.0%€0.4m▲ 264%€0.3m▼ 24.5%
Equity€1.4m-€1.5m▲ 6.5%€1.9m▲ 27.3%€2.2m▲ 16.2%
Total assets€4.6m-€4.2m▼ 7.7%€4.8m▲ 14.0%€4.7m▼ 2.2%
Debt€3.2m-€2.7m▼ 13.9%€2.9m▲ 6.8%€2.5m▼ 14.0%
Working capital-€0.8m--€0.7m▲ 7.2%-€0.07m▲ 89.9%€0.3m
Staff (FTE)19.1-20.1▲ 5.2%21.4▲ 6.5%24.5▲ 14.5%
The operating result for 2021 is 31% lower than in 2020.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.7m
Fixed assets
€2.3m ▼ 12.7%
Current assets
€2.4m ▲ 10.7%
Equity and liabilities €4.7m
Equity
€2.2m ▲ 16.2%
Debt
€2.5m ▼ 14.0%
Debt's share of the balance-sheet total falls from 61.0% to 53.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€833,245▼
2020 · €1.0m
Cash flow
€677,475▼
2020 · €770,685
Current ratio
1.14▲
2020 · 0.97
Quick ratio
0.99▲
2020 · 0.85
Debt to equity
1.16▲
2020 · 0.26
ROE
13.9%▼
2020 · 21.4%
ROA
6.5%▼
2020 · 8.4%
Interest coverage
17.96
Debt ≤ 1 year
€2.1m▼
2020 · €2.2m
Debt > 1 year
€244,412▼
2020 · €488,679
Income taxes
€111,336▼
2020 · €217,795
Staff costs
€805,996
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 27 |
| full-time | 16 |
| part-time | 11 |
| in full-time equivalents | 24.7 |
| Average over the year, in full-time equivalents | 24.5 |
| On a permanent contract | 16 |
| Joined | 9 |
| Left | 9 |
| Training hours | 60 |
Source: social balance sheet in the 2021 annual accounts
Securities and guarantees
| Item | 2021 |
|---|---|
| Debts secured on the company's own assets | €512,593 |
| Pledge on other assets, amount secured | €100,000 |
| Carrying value of the other pledged assets | €799,258 |
Source: notes to the 2021 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €39,509 |
| Depreciation and write-downs of the year | €374,878 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.01m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 1.4% |
| Other operating charges640/8 | - | - | - | €0.02m | - |
| Gross operating margin9900 | €1.4m | €1.3m | €1.7m | €1.7m | ▼ 4.4% |
| Operating profit (loss)9901 | €0.3m | €0.2m | €0.7m | €0.5m | ▼ 31.3% |
| Financial income75/76B | - | - | - | €0.002m | - |
| Recurring financial income75 | €0.002m | €0.003m | €0.002m | €0.002m | ▲ 3.0% |
| Financial charges65/66B | - | - | - | €0.05m | - |
| Recurring financial charges65 | €0.06m | €0.06m | €0.05m | €0.05m | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.2m | €0.6m | €0.4m | ▼ 33.1% |
| Income taxes67/77 | €0.06m | €0.04m | €0.2m | €0.1m | ▼ 48.9% |
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.4m | €0.3m | ▼ 24.5% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.1m | €0.4m | €0.3m | ▼ 24.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.6m | €4.2m | €4.8m | €4.7m | ▼ 2.2% |
| Fixed assets21/28 | €3.2m | €2.9m | €2.6m | €2.3m | ▼ 12.7% |
| Tangible fixed assets22/27 | €3.2m | €2.9m | €2.6m | €2.3m | ▼ 12.7% |
| Land and buildings22 | - | - | - | €1.0m | - |
| Plant, machinery and equipment23 | - | - | - | €1.2m | - |
| Furniture and vehicles24 | - | - | - | €0.06m | - |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €1.4m | €1.3m | €2.2m | €2.4m | ▲ 10.7% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 27.3% |
| Stocks30/36 | - | - | - | €0.3m | - |
| Amounts receivable within one year40/41 | €0.3m | €0.6m | €0.3m | €0.4m | ▲ 23.6% |
| Trade receivables40 | - | - | - | €0.2m | - |
| Other amounts receivable41 | - | - | - | €0.2m | - |
| Cash at bank and in hand54/58 | €0.8m | €0.4m | €1.6m | €1.7m | ▲ 5.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.6m | €4.2m | €4.8m | €4.7m | ▼ 2.2% |
| Equity10/15 | €1.4m | €1.5m | €1.9m | €2.2m | ▲ 16.2% |
| Contributions10/11 | €0.3m | €0.3m | - | €0.3m | - |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | - |
| Reserves not available under the articles1311 | - | - | - | €0.03m | - |
| Profit (loss) carried forward14 | €1.1m | €1.2m | €1.6m | €1.9m | ▲ 19.5% |
| Amounts payable17/49 | €3.2m | €2.7m | €2.9m | €2.5m | ▼ 14.0% |
| Amounts payable after more than one year17 | €1.0m | €0.8m | €0.5m | €0.2m | ▼ 50.0% |
| Financial debts170/4 | - | - | - | €0.2m | - |
| Amounts payable within one year42/48 | €2.1m | €2.0m | €2.2m | €2.1m | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | - |
| Trade debts44 | €1.3m | €1.2m | €1.3m | €1.3m | ▲ 3.3% |
| Suppliers440/4 | - | - | - | €1.3m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | - |
| Taxes450/3 | - | - | - | €0.005m | - |
| Remuneration and social security454/9 | - | - | - | €0.09m | - |
| Other amounts payable47/48 | - | - | - | €0.4m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.4m | €0.3m | ▼ 24.5% |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 1.4% |
| Operating cash flow (approximation) | €0.6m | €0.5m | €0.8m | €0.7m | ▼ 12.1% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.06m | -€0.04m | ▲ 38.9% |
| Change in cash | - | -€0.4m | €1.2m | €0.09m | ▼ 92.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | full format | 17-10-2022 | 2022-20467465 | |
| 31-12-2020 | full format | 31-10-2021 | 2021-76600228 | |
| 31-12-2019 | full format | 09-10-2020 | 2020-60500204 | |
| 31-12-2018 | full format | 27-09-2019 | 2019-66800361 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-54600483 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-54800285 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-51000574 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-61700123 | |
| 31-12-2013 | full format | 30-09-2014 | 2014-61500143 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-52300243 |