FRONTFIRST
Annual accounts 2022
abbreviated format, filed on 07-08-2023, 7 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €96,000. Estimated: probably between €40,000 and €240,000.
Balance sheet
balance sheet total €271,341 on 31-12-2022in euro
in euro
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
271,341 | 270,294 | 1.0m | 414,740 | |
21/28 |
14,411 | 22,858 | 28,745 | 2,011 | |
22/27 |
6,536 | 14,983 | 20,870 | 2,011 | |
24 |
6,536 | 14,983 | 20,870 | 2,011 | |
28 |
7,875 | 7,875 | 7,875 | - | |
29/58 |
256,930 | 247,437 | 986,535 | 412,729 | |
3 |
- | - | 64,340 | - | |
30/36 |
- | - | 64,340 | - | |
40/41 |
252,164 | 229,119 | 880,392 | 228,872 | |
40 |
59,562 | 25,366 | 854,521 | 198,400 | |
41 |
192,602 | 203,753 | 25,872 | 30,472 | |
54/58 |
4,360 | 17,626 | 37,871 | 182,857 | |
490/1 |
406 | 692 | 3,931 | 1,000 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
271,341 | 270,294 | 1.0m | 414,740 | |
10/15 |
24,314 | 24,053 | 22,162 | 20,460 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | 18,600 | |
13 |
3,562 | 3,562 | 3,562 | 1,860 | |
130 |
- | - | - | 1,860 | |
133 |
3,562 | 3,562 | 3,562 | - | |
14 |
2,151 | 1,890 | - | - | |
17/49 |
247,027 | 246,242 | 993,118 | 394,280 | |
42/48 |
247,027 | 246,242 | 993,118 | 394,280 | |
44 |
238,006 | 235,072 | 949,815 | 202,197 | |
440/4 |
238,006 | 235,072 | 949,815 | 202,197 | |
45 |
1,021 | 2,955 | 35,088 | 51,524 | |
450/3 |
1,021 | 2,955 | 35,088 | 51,524 | |
47/48 |
8,000 | 8,215 | 8,215 | 140,560 | |
| Income statement | |||||
9900 |
14,264 | 12,319 | 94,456 | 259,410 | |
62 |
0 | -112 | 85,346 | 49,493 | |
630 |
8,447 | 9,217 | 4,360 | 1,280 | |
640/8 |
5,262 | 550 | 657 | 398 | |
66A |
- | - | - | 927 | |
9901 |
556 | 2,664 | 4,094 | 208,240 | |
75/76B |
24 | 0 | 28 | 47 | |
75 |
24 | 0 | 28 | 47 | |
65/66B |
57 | 14 | 224 | 987 | |
65 |
57 | 14 | 224 | 60 | |
66B |
- | - | - | 927 | |
9903 |
522 | 2,650 | 3,898 | 207,300 | |
67/77 |
262 | 760 | 2,195 | 62,667 | |
9904 |
261 | 1,890 | 1,702 | 144,634 | |
9905 |
261 | 1,890 | 1,702 | 144,634 | |
| Appropriation of the result | |||||
9906 |
2,151 | 1,890 | 1,702 | 144,634 | |
14P |
1,890 | - | - | - | |
691/2 |
- | - | 1,702 | 1,860 | |
6920 |
- | - | - | 1,860 | |
6921 |
- | - | 1,702 | - | |
694/7 |
- | - | - | 142,774 | |
694 |
- | - | - | 142,774 | |
| Social balance sheet | |||||
9087 |
0 | - | 3 | 1 | |
Hours worked1013 |
- | - | 3,780 | 1,608 | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2022 (PDF), filed on 07-08-2023.
Filings
each dot is a set of accounts, on the day it reached the National Bank2022 annual accounts filed 7 days after the deadline. Filed on 7 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00316097.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | abbreviated format | 07-08-2023 | 2023-00316097 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20266197 | |
| 31-12-2020 | micro format | 07-06-2021 | 2021-17400274 | |
| 31-03-2020 | micro format | 26-10-2020 | 2020-62800405 | |
| 31-03-2019 | abbreviated format | 24-10-2019 | 2019-71100236 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| 9,003 | 11,881 | 8,454 | 209,520 | ||
| 8,708 | 11,108 | 6,063 | 145,914 | ||
| 0 | 3,330 | 14,116 | 3,291 | ||
| -13,266 | -20,246 | -144,986 | - | ||
| 9,903 | 1,195 | -6,583 | 18,449 | ||
| 9.0% | 8.9% | 2.2% | 4.9% | ||
| 1.04 | 1.00 | 0.99 | 1.05 | ||
| 1.04 | 1.00 | 0.93 | 1.05 | ||
| 10.16 | 10.24 | 44.81 | 19.27 | ||
| 1.1% | 7.9% | 7.7% | 706.9% | ||
| 0.1% | 0.7% | 0.2% | 34.9% | ||
| over 100 | over 100 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2022 | 2021 |
|---|---|---|
| Tangible fixed assets | - | €3,330 |
| €8,447 | €9,217 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Insights on FRONTFIRST
The operating result for 2022 is 79% lower than in 2021 and the lowest since 2019. It is the third fall in a row.
Debt's share of the balance-sheet total falls from 91.1% to 91.0%. Equity and debt are higher.
- 2020 Net result -99% on 2019. The accounts now follow the micro format, last year the abbreviated format.