FLC
InactiveFinancials · financial year 2022, full format
Turnover
€0▼ 100%
2021 · €1,803
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€113,844▲ 7.6%
2021 · €105,778
Working capital
-€37,918▲ 75.0%
2021 · -€151,762
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 14% above 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.
Turnover€0
2022
Operating result€156,567
2022
Net result€113,844
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€634,490
2022
Equity€265,198
2022
Debt€369,292
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€37,918
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
Line20182019202020212022
Turnover€11,155-€11,155=€11,155=€1,803▼ 83.8%€0▼ 100%
Operating result€6,842-€6,530▼ 4.6%€4,134▼ 36.7%€137,634▲ 33×€156,567▲ 13.8%
Net result€1,844-€2,041▲ 10.7%€26▼ 98.7%€105,778▲ 4,068×€113,844▲ 7.6%
Equity€43,509-€45,550▲ 4.7%€45,576▲ 0.1%€151,354▲ 232%€265,198▲ 75.2%
Total assets€326,694-€328,975▲ 0.7%€330,035▲ 0.3%€471,616▲ 42.9%€634,490▲ 34.5%
Debt€283,185-€283,425▲ 0.1%€284,459▲ 0.4%€320,262▲ 12.6%€369,292▲ 15.3%
Working capital-€259,607--€257,566▲ 0.8%-€257,540=-€151,762▲ 41.1%-€37,918▲ 75.0%
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €634,490
Fixed assets
€303,116 =
Current assets
€331,374 ▲ 96.7%
Equity and liabilities €634,490
Equity
€265,198 ▲ 75.2%
Debt
€369,292 ▲ 15.3%
Debt's share of the balance-sheet total falls from 67.9% to 58.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.90▲
2021 · 0.53
Debt to equity
1.39▼
2021 · 2.12
ROE
42.9%▼
2021 · 69.9%
ROA
17.9%▼
2021 · 22.4%
Debt ≤ 1 year
€369,292▲
2021 · €320,262
Income taxes
€37,948▲
2021 · €27,811
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €152,428 | €180,750 | ▲ 18.6% |
| Turnover70 | €11,155 | €11,155 | €11,155 | €1,803 | €0 | ▼ 100% |
| Other operating income74 | - | - | - | €150,625 | €180,750 | ▲ 20.0% |
| Operating charges60/66A | - | - | - | €14,794 | €24,183 | ▲ 63.5% |
| Services and other goods61 | - | - | - | €14,336 | €23,723 | ▲ 65.5% |
| Other operating charges640/8 | - | - | - | €458 | €460 | ▲ 0.4% |
| Operating profit (loss)9901 | €6,842 | €6,530 | €4,134 | €137,634 | €156,567 | ▲ 13.8% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | €1 | - |
| Other financial income752/9 | - | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €4,045 | €4,776 | ▲ 18.1% |
| Recurring financial charges65 | €4,998 | €4,489 | €4,108 | €4,045 | €4,776 | ▲ 18.1% |
| Debt charges650 | €4,998 | €4,489 | €4,108 | €4,045 | €4,776 | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €1,844 | €2,041 | €26 | €133,589 | €151,792 | ▲ 13.6% |
| Income taxes67/77 | - | - | - | €27,811 | €37,948 | ▲ 36.4% |
| Taxes670/3 | - | - | - | €27,811 | €37,948 | ▲ 36.4% |
| Profit (loss) for the period9904 | €1,844 | €2,041 | €26 | €105,778 | €113,844 | ▲ 7.6% |
| Profit (loss) for the period to be appropriated9905 | €1,844 | €2,041 | €26 | €105,778 | €113,844 | ▲ 7.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €326,694 | €328,975 | €330,035 | €471,616 | €634,490 | ▲ 34.5% |
| Fixed assets21/28 | €303,116 | €303,116 | €303,116 | €303,116 | €303,116 | = |
| Tangible fixed assets22/27 | €303,116 | €303,116 | €303,116 | €303,116 | €303,116 | = |
| Land and buildings22 | - | - | - | €303,116 | €303,116 | = |
| Current assets29/58 | €23,578 | €25,859 | €26,919 | €168,500 | €331,374 | ▲ 96.7% |
| Amounts receivable within one year40/41 | €9,352 | €9,352 | €9,352 | €150,625 | €331,374 | ▲ 120% |
| Trade receivables40 | - | - | - | €0 | - | - |
| Other amounts receivable41 | - | - | - | €150,625 | €331,374 | ▲ 120% |
| Cash at bank and in hand54/58 | €14,226 | €16,507 | €17,567 | €17,875 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €326,694 | €328,975 | €330,035 | €471,616 | €634,490 | ▲ 34.5% |
| Equity10/15 | €43,509 | €45,550 | €45,576 | €151,354 | €265,198 | ▲ 75.2% |
| Contributions10/11 | €73,500 | €73,500 | €73,500 | €73,500 | €73,500 | = |
| Capital10 | - | - | - | €73,500 | €73,500 | = |
| Issued capital100 | - | - | - | €73,500 | €73,500 | = |
| Reserves13 | €4,169 | €6,210 | €6,236 | €7,350 | €7,350 | = |
| Non-distributable reserves130/1 | - | - | - | €7,350 | €7,350 | = |
| Legal reserve130 | - | - | - | €7,350 | €7,350 | = |
| Profit (loss) carried forward14 | -€34,160 | -€34,160 | -€34,160 | €70,504 | €184,348 | ▲ 161% |
| Amounts payable17/49 | €283,185 | €283,425 | €284,459 | €320,262 | €369,292 | ▲ 15.3% |
| Amounts payable within one year42/48 | €283,185 | €283,425 | €284,459 | €320,262 | €369,292 | ▲ 15.3% |
| Trade debts44 | €1,500 | €1,860 | €3,000 | €11,006 | €20,581 | ▲ 87.0% |
| Suppliers440/4 | - | - | - | €11,006 | €20,581 | ▲ 87.0% |
| Taxes, remuneration and social security45 | - | - | - | €27,811 | €35,759 | ▲ 28.6% |
| Taxes450/3 | - | - | - | €27,811 | €35,759 | ▲ 28.6% |
| Other amounts payable47/48 | - | - | - | €281,445 | €312,952 | ▲ 11.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,844 | €2,041 | €26 | €105,778 | €113,844 | ▲ 7.6% |
| Operating cash flow (approximation) | €1,844 | €2,041 | €26 | €105,778 | €113,844 | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,281 | €1,060 | €308 | - | - |
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 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 06-07-2023 | 2023-00221605 |
| 31-12-2021 | full format | 08-07-2022 | 2022-20187665 |
| 31-12-2020 | full format | 17-06-2021 | 2021-21800510 |
| 31-12-2019 | full format | 02-07-2020 | 2020-26400419 |
| 31-12-2018 | full format | 01-07-2019 | 2019-28400374 |
| 31-12-2017 | full format | 02-07-2018 | 2018-28700085 |
| 31-12-2016 | full format | 20-06-2017 | 2017-20600249 |
| 31-12-2015 | full format | 23-06-2016 | 2016-21500396 |
| 31-12-2014 | full format | 09-07-2015 | 2015-28700092 |
| 31-12-2013 | full format | 19-06-2014 | 2014-18900191 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.