Frederic Deloof
Open bankruptcyFinancials · financial year 2023, abbreviated format
Equity
€27,730▲ 6.5%
2022 · €26,034
Total assets
€555,415▼ 17.6%
2022 · €673,925
Net result
€1,696▲ 495%
2022 · €285
Working capital
€13,778▼ 70.3%
2022 · €46,457
Trend over the years
2019 to 2023, 5 financial years
The operating result recovers in 2023; 2023 is 52% above 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€14,286
2023
Net result€1,696
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€555,415
2023
Equity€27,730
2023
Debt€527,685
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€13,778
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)0.3%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency5.0%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.03
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2.2
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€82,462-€33,596€68,333▲ 103%€9,429▼ 86.2%€14,286▲ 51.5%
Net result-€85,177-€26,427within the sector's middle half€59,499within the sector's middle half▲ 125%€285below the sector's middle half▼ 99.5%€1,696below the sector's middle half▲ 495%
Equity-€60,177--€33,750below the sector's middle half▲ 43.9%€25,749below the sector's middle half€26,034below the sector's middle half▲ 1.1%€27,730below the sector's middle half▲ 6.5%
Total assets€554,601-€604,240within the sector's middle half▲ 9.0%€650,415within the sector's middle half▲ 7.6%€673,925within the sector's middle half▲ 3.6%€555,415below the sector's middle half▼ 17.6%
Debt€614,779-€637,990▲ 3.8%€624,666▼ 2.1%€647,891▲ 3.7%€527,685▼ 18.6%
Working capital€24,930-€18,483below the sector's middle half▼ 25.9%€28,657below the sector's middle half▲ 55.0%€46,457below the sector's middle half▲ 62.1%€13,778below the sector's middle half▼ 70.3%
Solvency-10.9%--5.6%below the sector's middle half▲ 5.3pp4.0%below the sector's middle half▲ 9.5pp3.9%below the sector's middle half▼ 0.1pp5.0%below the sector's middle half▲ 1.1pp
Current ratio1.08-1.05below the sector's middle half▼ 0.041.07below the sector's middle half▲ 0.021.10below the sector's middle half▲ 0.031.03below the sector's middle half▼ 0.07
Return on assets (ROA)-15.4%-4.4%within the sector's middle half▲ 19.7pp9.1%within the sector's middle half▲ 4.8pp0.0%below the sector's middle half▼ 9.1pp0.3%within the sector's middle half▲ 0.3pp
Staff (FTE)3.8-4.4within the sector's middle half▲ 15.8%3.4within the sector's middle half▼ 22.7%2.5within the sector's middle half▼ 26.5%2.2within the sector's middle half▼ 12.0%
above
within
below
the middle half of NACE 46, Wholesale 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 abbreviated format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €555,415
Fixed assets
€125,177 ▼ 24.1%
Current assets
€430,238 ▼ 15.5%
Equity and liabilities €555,415
Equity
€27,730 ▲ 6.5%
Debt
€527,685 ▼ 18.6%
Debt's share of the balance-sheet total falls from 96.1% to 95.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,077▲
2022 · €50,312
Cash flow
€41,487▲
2022 · €41,168
Quick ratio
0.34▼
2022 · 0.42
Debt to equity
19.03▼
2022 · 24.89
ROE
6.1%▲
2022 · 1.1%
Interest coverage
4.43▼
2022 · 4.61
Debt ≤ 1 year
€416,460▼
2022 · €462,500
Debt > 1 year
€111,225▼
2022 · €185,391
Income taxes
€1,447▲
2022 · €365
Staff costs
€147,398▼
2022 · €155,854
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,200 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €193,049 | €155,854 | €147,398 | ▼ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,349 | €37,316 | €41,608 | €40,883 | €39,791 | ▼ 2.7% |
| Other operating charges640/8 | - | - | €1,052 | €1,439 | €1,039 | ▼ 27.8% |
| Gross operating margin9900 | €165,630 | €309,637 | €304,042 | €207,605 | €202,515 | ▼ 2.5% |
| Operating profit (loss)9901 | -€82,462 | €33,596 | €68,333 | €9,429 | €14,286 | ▲ 51.5% |
| Financial income75/76B | - | - | €1,604 | €2,142 | €1,065 | ▼ 50.3% |
| Recurring financial income75 | €6,812 | €2,660 | €1,604 | €2,142 | €1,065 | ▼ 50.3% |
| Financial charges65/66B | - | - | €10,315 | €10,921 | €12,209 | ▲ 11.8% |
| Recurring financial charges65 | €9,527 | €9,828 | €10,315 | €10,921 | €12,209 | ▲ 11.8% |
| Profit (loss) for the period before taxes9903 | -€85,177 | €26,427 | €59,623 | €650 | €3,143 | ▲ 383% |
| Income taxes67/77 | €0 | - | €124 | €365 | €1,447 | ▲ 296% |
| Profit (loss) for the period9904 | -€85,177 | €26,427 | €59,499 | €285 | €1,696 | ▲ 495% |
| Profit (loss) for the period to be appropriated9905 | -€85,177 | €26,427 | €59,499 | €285 | €1,696 | ▲ 495% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €554,601 | €604,240 | €650,415 | €673,925 | €555,415 | ▼ 17.6% |
| Fixed assets21/28 | €226,948 | €193,874 | €197,179 | €164,968 | €125,177 | ▼ 24.1% |
| Intangible fixed assets21 | €172,011 | €150,182 | €129,031 | €109,915 | €90,800 | ▼ 17.4% |
| Tangible fixed assets22/27 | €52,687 | €41,442 | €65,898 | €52,803 | €32,128 | ▼ 39.2% |
| Plant, machinery and equipment23 | - | - | €16,880 | €12,133 | €7,797 | ▼ 35.7% |
| Furniture and vehicles24 | - | - | €49,018 | €40,670 | €24,330 | ▼ 40.2% |
| Financial fixed assets28 | €2,250 | €2,250 | €2,250 | €2,250 | €2,250 | = |
| Current assets29/58 | €327,654 | €410,367 | €453,237 | €508,957 | €430,238 | ▼ 15.5% |
| Stocks and contracts in progress3 | €163,911 | €216,969 | €268,827 | €316,999 | €287,171 | ▼ 9.4% |
| Stocks30/36 | - | - | €268,827 | €316,999 | €287,171 | ▼ 9.4% |
| Amounts receivable within one year40/41 | €33,044 | €44,333 | €149,510 | €122,504 | €123,848 | ▲ 1.1% |
| Trade receivables40 | - | - | €149,153 | €121,256 | €122,282 | ▲ 0.8% |
| Other amounts receivable41 | - | - | €357 | €1,248 | €1,566 | ▲ 25.4% |
| Cash at bank and in hand54/58 | €129,699 | €147,564 | €32,856 | €69,455 | €19,220 | ▼ 72.3% |
| Deferred charges and accrued income490/1 | - | - | €2,044 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €554,601 | €604,240 | €650,415 | €673,925 | €555,415 | ▼ 17.6% |
| Equity10/15 | -€60,177 | -€33,750 | €25,749 | €26,034 | €27,730 | ▲ 6.5% |
| Contributions10/11 | €25,000 | - | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | - | - | €749 | €1,034 | €2,730 | ▲ 164% |
| Distributable reserves133 | - | - | €749 | €1,034 | €2,730 | ▲ 164% |
| Profit (loss) carried forward14 | -€85,177 | -€58,750 | - | - | - | - |
| Amounts payable17/49 | €614,779 | €637,990 | €624,666 | €647,891 | €527,685 | ▼ 18.6% |
| Amounts payable after more than one year17 | €312,055 | €246,107 | €200,086 | €185,391 | €111,225 | ▼ 40.0% |
| Financial debts170/4 | - | - | €200,086 | €185,391 | €111,225 | ▼ 40.0% |
| Amounts payable within one year42/48 | €302,724 | €391,883 | €424,580 | €462,500 | €416,460 | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | - | - | €281,518 | €298,267 | €274,303 | ▼ 8.0% |
| Trade debts44 | €77,395 | €40,795 | €87,176 | €119,490 | €110,484 | ▼ 7.5% |
| Suppliers440/4 | - | - | €87,176 | €119,490 | €110,484 | ▼ 7.5% |
| Taxes, remuneration and social security45 | - | - | €32,561 | €33,913 | €31,250 | ▼ 7.8% |
| Taxes450/3 | - | - | €21,313 | €24,616 | €21,933 | ▼ 10.9% |
| Remuneration and social security454/9 | - | - | €11,248 | €9,297 | €9,317 | ▲ 0.2% |
| Other amounts payable47/48 | - | - | €23,325 | €10,830 | €423 | ▼ 96.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€85,177 | €26,427 | €59,499 | €285 | €1,696 | ▲ 495% |
| + Depreciation and write-downs630 | €46,349 | €37,316 | €41,608 | €40,883 | €39,791 | ▼ 2.7% |
| Operating cash flow (approximation) | -€38,828 | €63,743 | €101,107 | €41,168 | €41,487 | ▲ 0.8% |
| Investment in fixed assets (approximation) | - | -€4,242 | -€44,913 | -€8,672 | €0 | - |
| Change in cash | - | €17,866 | -€114,708 | €36,598 | -€50,235 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 10-07-2024 | 2024-00234332 |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00407985 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20386454 |
| 31-12-2020 | abbreviated format | 28-10-2021 | 2021-74900352 |
| 31-12-2019 | abbreviated format | 03-08-2020 | 2020-38400421 |
Similar companies · same sector, comparable size
Comaprex
BE 0402.536.637
Namur · equity €28,827
Kay Ventures International
BE 0817.207.776
Elsene · equity €29,082
BOIS & JARDIN
BE 0544.937.288
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MILINTER
BE 0459.266.492
Frasnes-lez-Anvaing · equity €29,275
FALISSE ET CIE
BE 0401.593.064
Fleurus · equity €29,661
Of the 797 active companies whose main activity is wholesale trade (NACE 46610), figures are known for 563. 179 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · €685 awarded · €685 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €375 | €375 |
| 2022 | 1 | €310 | €310 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.