FLASH-SOLUTIONS
Open bankruptcyFinancials · financial year 2020, abbreviated format
2020 annual accounts filed 21 days after the deadline Filed on 21 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-52700022.
Annual accounts 2020 filed on 21-08-2021 PDF all 3 filings
Turnover
€379,818▲ 18×
2019 · €20,595
EBIT margin
-5.2%▲ 10.6pp
2019 · -15.8%
Net result
-€19,831▼ 509%
2019 · -€3,258
Working capital
-€32,209▼ 166%
2019 · -€12,108
Multi-year overview
2018 to 2020, 3 financial yearsTurnover
€379,818
▲ 18×
2020
20182020
Operating result
-€19,831
▼ 509%
2020
20182020
Net result
-€19,831
▼ 509%
2020
middle half of the sector
20182020
EBIT margin
-5.2%
▲ 10.6pp
2020
20182020
Equity
-€31,939
▼ 164%
2020
lowest quarter of the sector
20182020
Total assets
€23,401
▲ 29×
2020
lowest quarter of the sector
20182020
Debt
€55,340
▲ 328%
2020
20182020
Working capital
-€32,209
▼ 166%
2020
middle half of the sector
20182020
Solvency
-136.5%
2020
lowest quarter of the sector
20182020
Current ratio
0.42
2020
lowest quarter of the sector
20182020
Return on assets (ROA)
-84.7%
2020
lowest quarter of the sector
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Turnover€34,309-€20,595▼ 40.0%€379,818▲ 18×
Operating result-€27,450--€3,258▲ 88.1%-€19,831▼ 509%
Net result-€27,450--€3,258▲ 88.1%-€19,831within the sector's middle half▼ 509%
EBIT margin-80.0%--15.8%▲ 64.2pp-5.2%▲ 10.6pp
Equity-€8,850--€12,108▼ 36.8%-€31,939below the sector's middle half▼ 164%
Total assets€816-€816=€23,401below the sector's middle half▲ 29×
Debt€9,666-€12,925▲ 33.7%€55,340▲ 328%
Working capital-€8,850--€12,108▼ 36.8%-€32,209within the sector's middle half▼ 166%
Solvency-136.5%below the sector's middle half
Current ratio0.42below the sector's middle half
Return on assets (ROA)-84.7%below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 operating result for 2020 is a loss of €19,831, larger than the loss of €3,258 in 2019.
Balance-sheet composition
Assets €23,401
Fixed assets
€270
Current assets
€23,131
Equity and liabilities
Equity-€31,939
Debt€55,340
Equity is negative. Debt (€55,340) exceeds the balance-sheet total (€23,401).
Key figures and ratios
Debt ≤ 1 year
€55,340▲
2019 · €12,925
Customer credit
4 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €34,309 | €20,595 | €379,818 | ▲ 18× |
| Gross operating margin9900 | -€25,274 | -€3,038 | -€19,831 | ▼ 553% |
| Operating profit (loss)9901 | -€27,450 | -€3,258 | -€19,831 | ▼ 509% |
| Profit (loss) for the period before taxes9903 | -€27,450 | -€3,258 | -€19,831 | ▼ 509% |
| Profit (loss) for the period9904 | -€27,450 | -€3,258 | -€19,831 | ▼ 509% |
| Profit (loss) for the period to be appropriated9905 | -€27,450 | -€3,258 | -€19,831 | ▼ 509% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €816 | €816 | €23,401 | ▲ 29× |
| Fixed assets21/28 | - | - | €270 | - |
| Financial fixed assets28 | - | - | €270 | - |
| Current assets29/58 | €816 | €816 | €23,131 | ▲ 28× |
| Amounts receivable within one year40/41 | - | - | €4,115 | - |
| Cash at bank and in hand54/58 | €816 | €816 | €15,697 | ▲ 19× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €816 | €816 | €23,401 | ▲ 29× |
| Equity10/15 | -€8,850 | -€12,108 | -€31,939 | ▼ 164% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€27,450 | -€30,708 | -€50,539 | ▼ 64.6% |
| Amounts payable17/49 | €9,666 | €12,925 | €55,340 | ▲ 328% |
| Amounts payable within one year42/48 | €9,666 | €12,925 | €55,340 | ▲ 328% |
| Trade debts44 | - | - | €20,360 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,450 | -€3,258 | -€19,831 | ▼ 509% |
| Operating cash flow (approximation) | -€27,450 | -€3,258 | -€19,831 | ▼ 509% |
| Change in cash | - | €0 | €14,881 | ▲ 74,403× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.