FLRX
Open bankruptcyFinancials · fiscal year 2022, abbreviated schema
Equity
-€5.8m▼ 95.6%
2021 · -€3.0m
Total assets
€10.8m▲ 14.1%
2021 · €9.5m
Net result
-€2.8m▼ 73.7%
2021 · -€1.6m
Working capital
-€1.7m
2021 · €208,723
Trend over the years
2020 to 2022, 3 fiscal years
The operating result stays negative: a loss of €2.6m in 2022 against €1.4m in 2021; the loss grows and 2022 has the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€2.6m
2022
Net result-€2.8m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€10.8m
2022
Equity-€5.8m
2022
Debt€16.6m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.7m
2022
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)-26.1%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-53.4%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.78
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)40.2
2022
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Operating result-€1.3m--€1.4m▼ 12.1%-€2.6m▼ 80.9%
Net result-€1.4mbelow the sector's middle half--€1.6mbelow the sector's middle half▼ 14.0%-€2.8mbelow the sector's middle half▼ 73.7%
Equity-€1.3mbelow the sector's middle half--€3.0mbelow the sector's middle half▼ 123%-€5.8mbelow the sector's middle half▼ 95.6%
Total assets€8.5mabove the sector's middle half-€9.5mabove the sector's middle half▲ 11.1%€10.8mabove the sector's middle half▲ 14.1%
Debt€9.9m-€12.4m▲ 26.1%€16.6m▲ 33.4%
Working capital€0.6mwithin the sector's middle half-€0.2mwithin the sector's middle half▼ 62.4%-€1.7mbelow the sector's middle half
Solvency-15.6%below the sector's middle half--31.2%below the sector's middle half▼ 15.6pp-53.4%below the sector's middle half▼ 22.3pp
Current ratio1.19within the sector's middle half-1.05below the sector's middle half▼ 0.150.78below the sector's middle half▼ 0.27
Return on assets (ROA)-16.7%below the sector's middle half--17.2%below the sector's middle half▼ 0.4pp-26.1%below the sector's middle half▼ 9.0pp
Staff (FTE)33above the sector's middle half-39above the sector's middle half▲ 18.2%40.2above the sector's middle half▲ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €10.8m
Fixed assets
€4.8m ▼ 2.8%
Current assets
€6.0m ▲ 32.5%
Equity and liabilities
Equity-€5.8m
Debt€16.6m
Equity is negative: debt (€16.6m) exceeds the balance-sheet total (€10.8m).
Key figures and ratios
EBITDA
-€1.8m▼
2021 · -€749,984
Cash flow
-€2.1m▼
2021 · -€962,055
Quick ratio
0.15▼
2021 · 0.27
Interest coverage
-6.52▼
2021 · -3.45
Debt ≤ 1 year
€7.7m▲
2021 · €4.3m
Debt > 1 year
€8.9m▲
2021 · €8.1m
Income taxes
€3,191▲
2021 · €2,992
Staff costs
€3.1m▲
2021 · €2.7m
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 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2.7m | €3.1m | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.8m | €0.7m | €0.7m | ▲ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0.02m | €0.06m | ▲ 156% |
| Other operating charges640/8 | - | €0.03m | €0.01m | ▼ 64.5% |
| Gross operating margin9900 | €2.6m | €2.0m | €1.3m | ▼ 35.5% |
| Operating profit (loss)9901 | -€1.3m | -€1.4m | -€2.6m | ▼ 80.9% |
| Financial income75/76B | - | €0.008m | €0.02m | ▲ 109% |
| Recurring financial income75 | €0.009m | €0.008m | €0.02m | ▲ 109% |
| Financial charges65/66B | - | €0.2m | €0.3m | ▲ 28.9% |
| Recurring financial charges65 | €0.3m | €0.2m | €0.3m | ▲ 28.9% |
| Profit (loss) for the period before taxes9903 | -€1.4m | -€1.6m | -€2.8m | ▼ 73.8% |
| Income taxes67/77 | €0.002m | €0.003m | €0.003m | ▲ 6.6% |
| Profit (loss) for the period9904 | -€1.4m | -€1.6m | -€2.8m | ▼ 73.7% |
| Profit (loss) for the period to be appropriated9905 | -€1.4m | -€1.6m | -€2.8m | ▼ 73.7% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €8.5m | €9.5m | €10.8m | ▲ 14.1% |
| Fixed assets21/28 | €5.1m | €5.0m | €4.8m | ▼ 2.8% |
| Intangible fixed assets21 | €0.04m | €0.2m | €0.2m | ▲ 48.4% |
| Tangible fixed assets22/27 | €5.1m | €4.8m | €4.6m | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €4.4m | €4.1m | ▼ 6.4% |
| Furniture and vehicles24 | - | €0.2m | €0.2m | ▼ 22.2% |
| Leasing and similar rights25 | - | €0.04m | €0.04m | ▼ 13.1% |
| Other tangible fixed assets26 | - | €0.1m | €0.3m | ▲ 79.6% |
| Current assets29/58 | €3.4m | €4.5m | €6.0m | ▲ 32.5% |
| Stocks and contracts in progress3 | €2.1m | €3.4m | €4.8m | ▲ 42.6% |
| Stocks30/36 | - | €3.4m | €4.8m | ▲ 42.6% |
| Amounts receivable within one year40/41 | €0.7m | €0.8m | €0.9m | ▲ 22.7% |
| Trade receivables40 | - | €0.8m | €0.9m | ▲ 22.4% |
| Other amounts receivable41 | - | €0.009m | €0.01m | ▲ 48.4% |
| Cash at bank and in hand54/58 | €0.6m | €0.3m | €0.2m | ▼ 28.9% |
| Deferred charges and accrued income490/1 | - | €0.08m | €0.02m | ▼ 69.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €8.5m | €9.5m | €10.8m | ▲ 14.1% |
| Equity10/15 | -€1.3m | -€3.0m | -€5.8m | ▼ 95.6% |
| Contributions10/11 | - | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€1.4m | -€3.1m | -€5.9m | ▼ 92.5% |
| Amounts payable17/49 | €9.9m | €12.4m | €16.6m | ▲ 33.4% |
| Amounts payable after more than one year17 | €7.0m | €8.1m | €8.9m | ▲ 9.1% |
| Financial debts170/4 | - | €8.1m | €8.9m | ▲ 9.1% |
| Amounts payable within one year42/48 | €2.8m | €4.3m | €7.7m | ▲ 79.2% |
| Current portion of amounts payable after more than one year42 | - | €0.9m | €0.9m | = |
| Financial debts43 | - | €1.5m | €3.7m | ▲ 144% |
| Credit institutions430/8 | - | €1.5m | €3.7m | ▲ 144% |
| Trade debts44 | €1.0m | €1.6m | €2.7m | ▲ 66.3% |
| Suppliers440/4 | - | €1.6m | €2.7m | ▲ 66.3% |
| Taxes, remuneration and social security45 | - | €0.3m | €0.5m | ▲ 72.9% |
| Taxes450/3 | - | €0.002m | €0.09m | ▲ 5,125% |
| Remuneration and social security454/9 | - | €0.3m | €0.4m | ▲ 38.9% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.4m | -€1.6m | -€2.8m | ▼ 73.7% |
| + Depreciation and write-downs630 | €0.8m | €0.7m | €0.7m | ▲ 10.5% |
| Operating cash flow (approximation) | -€0.6m | -€1.0m | -€2.1m | ▼ 117% |
| Investment in fixed assets (approximation) | - | -€0.5m | -€0.6m | ▼ 21.5% |
| Change in cash | - | -€0.3m | -€0.09m | ▲ 67.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 691 companies in this sector we hold annual accounts for 445. 181 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2023 · 3 entries · €3,784 awarded · €3,509 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | €2,314 | €2,359 |
| 2022 | 1 | €1,470 | €1,150 |