FLIGHT-CASE
Open bankruptcyFinancials · financial year 2023, micro format
Equity
-€49,274
2022 · €1,736
Total assets
€106,448▲ 31.7%
2022 · €80,845
Net result
-€51,010▼ 19.9%
2022 · -€42,541
Working capital
-€50,189
2022 · €218
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €45,222 in 2023 against €65,083 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€45,222
2023
Net result-€51,010
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€106,448
2023
Equity-€49,274
2023
Debt€155,722
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€50,189
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-47.9%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-46.3%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.68
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€4,270-€9,406▲ 120%€17,360▲ 84.6%€11,529▼ 33.6%-€65,083-€45,222▲ 30.5%
Net result€1,187-€9,299▲ 683%€21,891within the sector's middle half▲ 135%€22,515within the sector's middle half▲ 2.9%-€42,541below the sector's middle half-€51,010below the sector's middle half▼ 19.9%
Equity-€7,829-€1,471€23,362within the sector's middle half▲ 16×€44,277within the sector's middle half▲ 89.5%€1,736below the sector's middle half▼ 96.1%-€49,274below the sector's middle half
Total assets€40,647-€64,772▲ 59.4%€104,639within the sector's middle half▲ 61.5%€222,456within the sector's middle half▲ 113%€80,845within the sector's middle half▼ 63.7%€106,448within the sector's middle half▲ 31.7%
Debt€48,475-€63,301▲ 30.6%€81,277▲ 28.4%€178,178▲ 119%€79,109▼ 55.6%€155,722▲ 96.8%
Working capital-€5,689-€4,015€22,952within the sector's middle half▲ 472%€42,156within the sector's middle half▲ 83.7%€218within the sector's middle half▼ 99.5%-€50,189below the sector's middle half
Solvency-19.3%-2.3%▲ 21.5pp22.3%within the sector's middle half▲ 20.1pp19.9%within the sector's middle half▼ 2.4pp2.1%below the sector's middle half▼ 17.8pp-46.3%below the sector's middle half▼ 48.4pp
Current ratio0.88-1.07▲ 0.191.28within the sector's middle half▲ 0.221.24within the sector's middle half▼ 0.051.00within the sector's middle half▼ 0.230.68below the sector's middle half▼ 0.33
Return on assets (ROA)2.9%-14.4%▲ 11.4pp20.9%above the sector's middle half▲ 6.6pp10.1%within the sector's middle half▼ 10.8pp-52.6%below the sector's middle half▼ 62.7pp-47.9%below the sector's middle half▲ 4.7pp
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €106,448
Fixed assets
€915 ▼ 39.7%
Current assets
€105,533 ▲ 33.0%
Equity and liabilities
Equity-€49,274
Debt€155,722
Equity is negative: debt (€155,722) exceeds the balance-sheet total (€106,448).
Key figures and ratios
EBITDA
-€44,619▲
2022 · -€64,480
Cash flow
-€50,406▼
2022 · -€41,938
Quick ratio
0.61▼
2022 · 0.81
Interest coverage
-7.38▲
2022 · -130.16
Debt ≤ 1 year
€155,722▲
2022 · €79,109
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €570 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €800 | €336 | €603 | €603 | = |
| Other operating charges640/8 | - | - | - | €814 | €516 | €132 | ▼ 74.5% |
| Gross operating margin9900 | €5,057 | €10,882 | €18,792 | €12,678 | -€63,964 | -€44,487 | ▲ 30.4% |
| Operating profit (loss)9901 | €4,270 | €9,406 | €17,360 | €11,529 | -€65,083 | -€45,222 | ▲ 30.5% |
| Financial income75/76B | - | - | - | €17,875 | €25,035 | €255 | ▼ 99.0% |
| Recurring financial income75 | €186 | €844 | €8,458 | €17,875 | €25,035 | €255 | ▼ 99.0% |
| Financial charges65/66B | - | - | - | €668 | €495 | €6,043 | ▲ 12× |
| Recurring financial charges65 | €3,268 | €952 | €427 | €668 | €495 | €6,043 | ▲ 12× |
| Profit (loss) for the period before taxes9903 | €1,187 | €9,299 | €25,391 | €28,736 | -€40,544 | -€51,010 | ▼ 25.8% |
| Income taxes67/77 | - | - | €3,500 | €6,221 | €1,998 | - | - |
| Profit (loss) for the period9904 | €1,187 | €9,299 | €21,891 | €22,515 | -€42,541 | -€51,010 | ▼ 19.9% |
| Profit (loss) for the period to be appropriated9905 | €1,187 | €9,299 | €21,891 | €22,515 | -€42,541 | -€51,010 | ▼ 19.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €40,647 | €64,772 | €104,639 | €222,456 | €80,845 | €106,448 | ▲ 31.7% |
| Fixed assets21/28 | €410 | €410 | €410 | €2,121 | €1,518 | €915 | ▼ 39.7% |
| Tangible fixed assets22/27 | - | - | - | €1,474 | €871 | €268 | ▼ 69.3% |
| Plant, machinery and equipment23 | - | - | - | €1,474 | €871 | €268 | ▼ 69.3% |
| Financial fixed assets28 | €410 | €410 | €410 | €647 | €647 | €647 | = |
| Current assets29/58 | €40,237 | €64,362 | €104,229 | €220,334 | €79,327 | €105,533 | ▲ 33.0% |
| Stocks and contracts in progress3 | €13,132 | €4,300 | €5,026 | €11,394 | €15,031 | €9,836 | ▼ 34.6% |
| Stocks30/36 | - | - | - | €11,394 | €15,031 | €9,836 | ▼ 34.6% |
| Amounts receivable within one year40/41 | €11,960 | €35,756 | €45,645 | €93,307 | €64,251 | €30,533 | ▼ 52.5% |
| Trade receivables40 | - | - | - | €57,978 | €35,332 | - | - |
| Other amounts receivable41 | - | - | - | €35,329 | €28,919 | €30,533 | ▲ 5.6% |
| Cash at bank and in hand54/58 | €13,287 | €24,306 | €53,541 | €113,074 | €45 | €65,164 | ▲ 1,450× |
| Deferred charges and accrued income490/1 | - | - | - | €2,559 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €40,647 | €64,772 | €104,639 | €222,456 | €80,845 | €106,448 | ▲ 31.7% |
| Equity10/15 | -€7,829 | €1,471 | €23,362 | €44,277 | €1,736 | -€49,274 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €4,762 | €25,677 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €23,817 | - | - | - |
| Profit (loss) carried forward14 | -€28,289 | -€18,989 | - | - | -€18,724 | -€69,734 | ▼ 272% |
| Amounts payable17/49 | €48,475 | €63,301 | €81,277 | €178,178 | €79,109 | €155,722 | ▲ 96.8% |
| Amounts payable after more than one year17 | €2,550 | €2,550 | - | - | - | - | - |
| Amounts payable within one year42/48 | €45,925 | €60,347 | €81,277 | €178,178 | €79,109 | €155,722 | ▲ 96.8% |
| Financial debts43 | - | - | - | - | €3,185 | - | - |
| Credit institutions430/8 | - | - | - | - | €3,185 | - | - |
| Trade debts44 | €32,683 | €40,782 | €68,021 | €141,441 | €60,746 | €131,371 | ▲ 116% |
| Suppliers440/4 | - | - | - | €141,441 | €60,746 | €131,371 | ▲ 116% |
| Taxes, remuneration and social security45 | - | - | - | €35,138 | €15,178 | €24,350 | ▲ 60.4% |
| Taxes450/3 | - | - | - | €29,438 | €15,178 | €19,650 | ▲ 29.5% |
| Remuneration and social security454/9 | - | - | - | €5,700 | - | €4,700 | - |
| Other amounts payable47/48 | - | - | - | €1,600 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,187 | €9,299 | €21,891 | €22,515 | -€42,541 | -€51,010 | ▼ 19.9% |
| + Depreciation and write-downs630 | - | - | €800 | €336 | €603 | €603 | = |
| Operating cash flow (approximation) | €1,187 | €9,299 | €22,691 | €22,851 | -€41,938 | -€50,406 | ▼ 20.2% |
| Investment in fixed assets (approximation) | - | €0 | -€800 | -€2,047 | €0 | €0 | - |
| Change in cash | - | €11,019 | €29,235 | €59,533 | -€113,029 | €65,119 | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 29-07-2024 | 2024-00293851 |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00499479 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20426832 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65500007 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-67000065 |
| 31-12-2018 | micro format | 11-09-2019 | 2019-64000511 |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-36100349 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-59800490 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55500517 |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-54300428 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of the 12,404 active companies whose main activity is other non-specialised retail sale (NACE 47120), figures are known for 2,221. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.