FORM
InactiveFinancials · financial year 2023, full format
Annual accounts 2023 filed on 04-03-2024 PDF all 15 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€9,370
2022 · €900
Working capital
-€33,846▼ 33.0%
2022 · -€25,440
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a loss of €9,052, after a profit of €2,804 in 2022. It is the lowest result since 2019.
Operating result-€9,052
2023
Net result-€9,370
2023
Total assets€286,212
2023
Equity€125,330
2023
Debt€65,457
2023
Working capital-€33,846
2023
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.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€3,502-€21,772€884▼ 95.9%-€655€2,804-€9,052
Net result-€4,577-€14,540-€596-€1,587▼ 166%€900-€9,370
Equity€183,443-€135,983▼ 25.9%€135,387▼ 0.4%€133,801▼ 1.2%€134,700▲ 0.7%€125,330▼ 7.0%
Total assets€303,532-€329,878▲ 8.7%€247,743▼ 24.9%€244,439▼ 1.3%€295,693▲ 21.0%€286,212▼ 3.2%
Debt€24,664-€98,470▲ 299%€16,931▼ 82.8%€15,214▼ 10.1%€65,568▲ 331%€65,457▼ 0.2%
Working capital€68,161-€21,987▼ 67.7%€22,676▲ 3.1%€22,375▼ 1.3%-€25,440-€33,846▼ 33.0%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €286,212
Fixed assets
€254,602 ▼ 0.4%
Current assets
€31,611 ▼ 21.2%
Equity and liabilities €286,212
Equity
€125,330 ▼ 7.0%
Provisions
€95,425 =
Debt
€65,457 ▼ 0.2%
Debt's share of the balance-sheet total rises from 22.2% to 22.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,088▼
2022 · €4,089
Cash flow
-€8,406▼
2022 · €2,185
Current ratio
0.48▼
2022 · 0.61
Debt to equity
0.52▲
2022 · 0.49
ROE
-7.5%▼
2022 · 0.7%
ROA
-3.3%▼
2022 · 0.3%
Interest coverage
-74.27▼
2022 · 19.79
Debt ≤ 1 year
€65,457▼
2022 · €65,568
Income taxes
€209▼
2022 · €1,698
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 |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,031 | €1,285 | €1,285 | €1,285 | €1,285 | €964 | ▼ 25.0% |
| Other operating charges640/8 | - | - | - | €790 | €810 | €284 | ▼ 65.0% |
| Gross operating margin9900 | €6,778 | €23,838 | €2,955 | €1,420 | €4,900 | -€7,805 | - |
| Operating profit (loss)9901 | -€3,502 | €21,772 | €884 | -€655 | €2,804 | -€9,052 | - |
| Financial charges65/66B | - | - | - | €208 | €207 | €109 | ▼ 47.3% |
| Recurring financial charges65 | €221 | €681 | €332 | €208 | €207 | €109 | ▼ 47.3% |
| Profit (loss) for the period before taxes9903 | -€3,723 | €21,092 | €551 | -€863 | €2,597 | -€9,161 | - |
| Income taxes67/77 | €855 | €6,551 | €1,147 | €724 | €1,698 | €209 | ▼ 87.7% |
| Profit (loss) for the period9904 | -€4,577 | €14,540 | -€596 | -€1,587 | €900 | -€9,370 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,577 | €14,540 | -€596 | -€1,587 | €900 | -€9,370 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €303,532 | €329,878 | €247,743 | €244,439 | €295,693 | €286,212 | ▼ 3.2% |
| Fixed assets21/28 | €210,707 | €209,422 | €208,136 | €206,851 | €255,566 | €254,602 | ▼ 0.4% |
| Tangible fixed assets22/27 | €7,712 | €6,427 | €5,141 | €3,856 | €2,571 | €1,607 | ▼ 37.5% |
| Other tangible fixed assets26 | - | - | - | €3,856 | €2,571 | €1,607 | ▼ 37.5% |
| Financial fixed assets28 | €202,995 | €202,995 | €202,995 | €202,995 | €252,995 | €252,995 | = |
| Current assets29/58 | €92,825 | €120,457 | €39,607 | €37,588 | €40,127 | €31,611 | ▼ 21.2% |
| Amounts receivable within one year40/41 | €29,974 | €2,053 | €358 | €348 | €18,452 | €705 | ▼ 96.2% |
| Trade receivables40 | - | - | - | - | €17,000 | - | - |
| Other amounts receivable41 | - | - | - | €348 | €1,452 | €705 | ▼ 51.5% |
| Cash at bank and in hand54/58 | €62,260 | €117,440 | €38,654 | €36,650 | €21,048 | €30,180 | ▲ 43.4% |
| Deferred charges and accrued income490/1 | - | - | - | €591 | €628 | €726 | ▲ 15.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €303,532 | €329,878 | €247,743 | €244,439 | €295,693 | €286,212 | ▼ 3.2% |
| Equity10/15 | €183,443 | €135,983 | €135,387 | €133,801 | €134,700 | €125,330 | ▼ 7.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €86,660 | €38,660 | €38,660 | €38,660 | €38,660 | €38,660 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €36,800 | €36,800 | €36,800 | = |
| Profit (loss) carried forward14 | €90,583 | €91,123 | €90,527 | €88,941 | €89,840 | €80,470 | ▼ 10.4% |
| Provisions and deferred taxes16 | €95,425 | €95,425 | €95,425 | €95,425 | €95,425 | €95,425 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €95,425 | €95,425 | €95,425 | = |
| Pensions and similar obligations160 | - | - | - | €95,425 | €95,425 | €95,425 | = |
| Amounts payable17/49 | €24,664 | €98,470 | €16,931 | €15,214 | €65,568 | €65,457 | ▼ 0.2% |
| Amounts payable within one year42/48 | €24,664 | €98,470 | €16,931 | €15,214 | €65,568 | €65,457 | ▼ 0.2% |
| Trade debts44 | €5,383 | €1,953 | €327 | €142 | €424 | €104 | ▼ 75.5% |
| Suppliers440/4 | - | - | - | €142 | €424 | €104 | ▼ 75.5% |
| Taxes, remuneration and social security45 | - | - | - | €1,625 | €1,698 | €1,907 | ▲ 12.3% |
| Taxes450/3 | - | - | - | €1,625 | €1,698 | €1,907 | ▲ 12.3% |
| Other amounts payable47/48 | - | - | - | €13,447 | €63,447 | €63,447 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,577 | €14,540 | -€596 | -€1,587 | €900 | -€9,370 | - |
| + Depreciation and write-downs630 | €9,031 | €1,285 | €1,285 | €1,285 | €1,285 | €964 | ▼ 25.0% |
| Operating cash flow (approximation) | €4,454 | €15,826 | €689 | -€301 | €2,185 | -€8,406 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€50,000 | €0 | - |
| Change in cash | - | €55,180 | -€78,786 | -€2,004 | -€15,602 | €9,132 | - |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | full format | 04-03-2024 | 2024-00038502 | |
| 31-12-2022 | full format | 26-05-2023 | 2023-00098250 | |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20047366 | |
| 31-12-2020 | micro format | 27-07-2021 | 2021-40500586 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-36500008 | |
| 31-12-2018 | micro format | 12-07-2019 | 2019-32400227 | |
| 31-12-2017 | micro format | 19-06-2018 | 2018-20600302 | |
| 31-12-2016 | micro format | 17-07-2017 | 2017-32300248 | |
| 31-12-2015 | full format | 15-07-2016 | 2016-32200383 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-53900390 |