FLUVA
InactiveFinancials · financial year 2022, abbreviated format
Annual accounts 2022 filed on 25-04-2023 PDF all 33 filings
Turnover
≈ €89,000
Estimated: probably between €37,000 and €220,000
Total assets
€3.5m▼ 0.2%
2021 · €3.5m
Net result
-€17,676
2021 · €62,023
Working capital
-€770,091▼ 0.8%
2021 · -€764,301
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is a loss of €8,844, after a profit of €92,392 in 2021. It is the lowest result since 2018.
Operating result-€0.009m
2022
Net result-€0.02m
2022
Total assets€3.5m
2022
Equity€2.5m
2022
Debt€1.0m
2022
Working capital-€0.8m
2022
Staff (FTE)1.4
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
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
Operating result€0.06m-€0.04m▼ 28.6%€0.02m▼ 52.6%€0.09m▲ 357%-€0.009m
Net result€0.008m--€0.004m-€0.003m▲ 16.8%€0.06m-€0.02m
Equity€2.5m-€2.5m▼ 0.1%€2.5m▼ 0.1%€2.5m▲ 2.5%€2.5m▼ 0.7%
Total assets€3.4m-€3.4m▼ 0.7%€3.2m▼ 5.7%€3.5m▲ 10.4%€3.5m▼ 0.2%
Debt€0.9m-€0.9m▼ 2.0%€0.7m▼ 20.5%€1.0m▲ 36.7%€1.0m▲ 1.0%
Working capital-€0.4m--€0.5m▼ 22.7%-€0.6m▼ 9.8%-€0.8m▼ 32.5%-€0.8m▼ 0.8%
Staff (FTE)1.4-1.5▲ 7.1%1.5=1.5=1.4▼ 6.7%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €3.5m
Fixed assets
€3.3m ▼ 0.3%
Current assets
€242,391 ▲ 0.9%
Equity and liabilities €3.5m
Equity
€2.5m ▼ 0.7%
Debt
€1.0m ▲ 1.0%
Debt's share of the balance-sheet total rises from 28.5% to 28.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€963▼
2021 · €134,420
Cash flow
-€7,868▼
2021 · €104,050
Current ratio
0.24▲
2021 · 0.24
Quick ratio
0.16▲
2021 · 0.16
Debt to equity
0.40▲
2021 · 0.40
ROE
-0.7%▼
2021 · 2.4%
ROA
-0.5%▼
2021 · 1.8%
Interest coverage
0.11▼
2021 · 4.45
Debt ≤ 1 year
€1.0m▲
2021 · €1.0m
Income taxes
€44▼
2021 · €162
Staff costs
€10,983▼
2021 · €47,399
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 1 |
| part-time | 1 |
| in full-time equivalents | 1.5 |
| Average over the year, in full-time equivalents | 1.5 |
| On a permanent contract | 2 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 | 03-11-2022 |
|---|---|---|
| Tangible fixed assets | €204,815 | - |
| Depreciation and write-downs of the year | €42,028 | €9,807 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 2 entries · €1,498 awarded · €1,498 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €86,873 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €47,399 | €10,983 | ▼ 76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,144 | €60,573 | €51,454 | €42,028 | €9,807 | ▼ 76.7% |
| Other operating charges640/8 | - | - | - | €4,827 | €1,197 | ▼ 75.2% |
| Gross operating margin9900 | €165,822 | €169,750 | €119,136 | €186,647 | €13,143 | ▼ 93.0% |
| Operating profit (loss)9901 | €59,672 | €42,634 | €20,206 | €92,392 | -€8,844 | - |
| Financial income75/76B | - | - | - | €14 | €11 | ▼ 20.7% |
| Recurring financial income75 | €2 | €822 | €1,242 | €14 | €11 | ▼ 20.7% |
| Financial charges65/66B | - | - | - | €30,222 | €8,799 | ▼ 70.9% |
| Recurring financial charges65 | €51,275 | €46,975 | €24,378 | €30,222 | €8,799 | ▼ 70.9% |
| Profit (loss) for the period before taxes9903 | €8,399 | -€3,518 | -€2,930 | €62,184 | -€17,632 | - |
| Income taxes67/77 | €191 | €183 | €150 | €162 | €44 | ▼ 72.9% |
| Profit (loss) for the period9904 | €8,208 | -€3,701 | -€3,080 | €62,023 | -€17,676 | - |
| Profit (loss) for the period to be appropriated9905 | €8,208 | -€3,701 | -€3,080 | €62,023 | -€17,676 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.4m | €3.2m | €3.5m | €3.5m | ▼ 0.2% |
| Fixed assets21/28 | €2.9m | €3.0m | €3.0m | €3.3m | €3.3m | ▼ 0.3% |
| Tangible fixed assets22/27 | €1.4m | €1.5m | €1.5m | €1.8m | €1.8m | ▼ 0.5% |
| Land and buildings22 | - | - | - | €1.6m | €1.6m | ▼ 0.5% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | ▼ 12.4% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.001m | ▼ 7.9% |
| Leasing and similar rights25 | - | - | - | €0.1m | €0.1m | = |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €0.5m | €0.4m | €0.2m | €0.2m | €0.2m | ▲ 0.9% |
| Stocks and contracts in progress3 | €0.04m | €0.08m | €0.07m | €0.08m | €0.08m | ▼ 0.2% |
| Stocks30/36 | - | - | - | €0.08m | €0.08m | ▼ 0.2% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.04m | €0.09m | €0.03m | ▼ 70.3% |
| Trade receivables40 | - | - | - | €0.09m | €0.03m | ▼ 71.1% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | ▲ 19.9% |
| Cash at bank and in hand54/58 | €0.3m | €0.05m | €0.04m | €0.06m | €0.1m | ▲ 106% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.005m | ▲ 10.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.4m | €3.2m | €3.5m | €3.5m | ▼ 0.2% |
| Equity10/15 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | ▼ 0.7% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | = |
| Reserves13 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €2.6m | €2.6m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.3m | -€0.3m | -€0.2m | -€0.2m | ▼ 7.7% |
| Amounts payable17/49 | €0.9m | €0.9m | €0.7m | €1.0m | €1.0m | ▲ 1.0% |
| Amounts payable within one year42/48 | €0.9m | €0.9m | €0.7m | €1.0m | €1.0m | ▲ 0.8% |
| Trade debts44 | €0.02m | €0.02m | €0.006m | €0.008m | €0.001m | ▼ 81.0% |
| Suppliers440/4 | - | - | - | €0.008m | €0.001m | ▼ 81.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.02m | ▲ 59.2% |
| Taxes450/3 | - | - | - | €0.01m | €0.02m | ▲ 59.2% |
| Other amounts payable47/48 | - | - | - | €1.0m | €1.0m | ▲ 0.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.005m | ▲ 73.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,208 | -€3,701 | -€3,080 | €62,023 | -€17,676 | - |
| + Depreciation and write-downs630 | €64,144 | €60,573 | €51,454 | €42,028 | €9,807 | ▼ 76.7% |
| Operating cash flow (approximation) | €72,352 | €56,872 | €48,375 | €104,050 | -€7,868 | - |
| Investment in fixed assets (approximation) | - | -€154,383 | -€99,986 | -€291,689 | €0 | - |
| Change in cash | - | -€198,800 | -€9,080 | €19,294 | €66,925 | ▲ 247% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 03-11-2022 | abbreviated format | 25-04-2023 | 2023-00068984 | |
| 31-12-2021 | abbreviated format | 11-07-2022 | 2022-20188054 | |
| 31-12-2020 | abbreviated format | 19-07-2021 | 2021-37400219 | |
| 31-12-2019 | abbreviated format | 17-04-2020 | 2020-09400253 | |
| 31-12-2018 | abbreviated format | 21-06-2019 | 2019-21300040 | |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-26200021 | |
| 31-12-2016 | abbreviated format | 08-06-2017 | 2017-16100512 | |
| 31-12-2015 | abbreviated format | 12-07-2016 | 2016-30700105 | |
| 31-12-2014 | abbreviated format | 03-07-2015 | 2015-26200034 | |
| 31-12-2013 | abbreviated format | 25-07-2014 | 2014-35000349 |