Flex Floor
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 15-12-2023 PDF all 2 filings
Turnover
≈ €210,000
Estimated: probably between €140,000 and €350,000
Total assets
€65,769▲ 146%
2022 · €26,754
Net result
€20,123▲ 58.6%
2022 · €12,689
Working capital
€44,816▲ 223%
2022 · €13,889
Multi-year overview
2022 to 2023, 2 financial yearsOperating result
€30,186
▲ 53.1%
2023
20222023
Net result
€20,123
▲ 58.6%
2023
middle half of the sector
20222023
Equity
€34,012
▲ 145%
2023
middle half of the sector
20222023
Total assets
€65,769
▲ 146%
2023
lowest quarter of the sector
20222023
Debt
€31,757
▲ 147%
2023
20222023
Working capital
€44,816
▲ 223%
2023
middle half of the sector
20222023
Solvency
51.7%
▼ 0.2pp
2023
middle half of the sector
20222023
Current ratio
5.35
▲ 3.27
2023
highest quarter of the sector
20222023
Return on assets (ROA)
30.6%
▼ 16.8pp
2023
highest quarter of the sector
20222023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20222023
Operating result€19,711-€30,186▲ 53.1%
Net result€12,689within the sector's middle half-€20,123within the sector's middle half▲ 58.6%
Equity€13,889below the sector's middle half-€34,012within the sector's middle half▲ 145%
Total assets€26,754below the sector's middle half-€65,769below the sector's middle half▲ 146%
Debt€12,865-€31,757▲ 147%
Working capital€13,889within the sector's middle half-€44,816within the sector's middle half▲ 223%
Solvency51.9%within the sector's middle half-51.7%within the sector's middle half▼ 0.2pp
Current ratio2.08within the sector's middle half-5.35above the sector's middle half▲ 3.27
Return on assets (ROA)47.4%above the sector's middle half-30.6%above the sector's middle half▼ 16.8pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 2023 is 53% higher than in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €65,769
Fixed assets
€10,653
Current assets
€55,117
Equity and liabilities €65,769
Equity
€34,012 ▲ 145%
Debt
€31,757 ▲ 147%
Debt's share of the balance-sheet total rises from 48.1% to 48.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34,283
Cash flow
€24,221
Debt to equity
0.93▲
2022 · 0.93
ROE
59.2%▼
2022 · 91.4%
Interest coverage
7.35
Debt ≤ 1 year
€10,300▼
2022 · €12,865
Debt > 1 year
€21,457
Income taxes
€5,401▲
2022 · €3,580
Staff costs
€95▲
2022 · €67
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 |
|---|---|---|
| Tangible fixed assets | - | €14,750 |
| Depreciation and write-downs of the year | - | €4,097 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €67 | €95 | ▲ 40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,097 | - |
| Other operating charges640/8 | €846 | €384 | ▼ 54.6% |
| Gross operating margin9900 | €20,624 | €34,761 | ▲ 68.5% |
| Operating profit (loss)9901 | €19,711 | €30,186 | ▲ 53.1% |
| Financial income75/76B | €184 | - | - |
| Recurring financial income75 | €184 | - | - |
| Financial charges65/66B | €3,626 | €4,662 | ▲ 28.6% |
| Recurring financial charges65 | €3,626 | €4,662 | ▲ 28.6% |
| Profit (loss) for the period before taxes9903 | €16,269 | €25,524 | ▲ 56.9% |
| Income taxes67/77 | €3,580 | €5,401 | ▲ 50.9% |
| Profit (loss) for the period9904 | €12,689 | €20,123 | ▲ 58.6% |
| Profit (loss) for the period to be appropriated9905 | €12,689 | €20,123 | ▲ 58.6% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €26,754 | €65,769 | ▲ 146% |
| Fixed assets21/28 | - | €10,653 | - |
| Tangible fixed assets22/27 | - | €10,653 | - |
| Furniture and vehicles24 | - | €10,653 | - |
| Current assets29/58 | €26,754 | €55,117 | ▲ 106% |
| Amounts receivable within one year40/41 | €24,800 | €46,798 | ▲ 88.7% |
| Trade receivables40 | €1,279 | €5,478 | ▲ 328% |
| Other amounts receivable41 | €23,521 | €41,321 | ▲ 75.7% |
| Cash at bank and in hand54/58 | €1,954 | €8,319 | ▲ 326% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €26,754 | €65,769 | ▲ 146% |
| Equity10/15 | €13,889 | €34,012 | ▲ 145% |
| Contributions10/11 | €1,200 | €1,200 | = |
| Profit (loss) carried forward14 | €12,689 | €32,812 | ▲ 159% |
| Amounts payable17/49 | €12,865 | €31,757 | ▲ 147% |
| Amounts payable after more than one year17 | - | €21,457 | - |
| Financial debts170/4 | - | €21,457 | - |
| Amounts payable within one year42/48 | €12,865 | €10,300 | ▼ 19.9% |
| Trade debts44 | €8,850 | - | - |
| Suppliers440/4 | €8,850 | - | - |
| Taxes, remuneration and social security45 | €3,580 | €10,300 | ▲ 188% |
| Taxes450/3 | €3,580 | €10,300 | ▲ 188% |
| Other amounts payable47/48 | €435 | - | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,689 | €20,123 | ▲ 58.6% |
| + Depreciation and write-downs630 | - | €4,097 | - |
| Operating cash flow (approximation) | €12,689 | €24,221 | ▲ 90.9% |
| Change in cash | - | €6,364 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.