Turnover—
EBIT margin—
Net result€-652k-3.6%
Working capital€-233k+12.3%
Directors1
Annual accounts & ratios
Source: NBB · 2021Annual accounts filed on 24-06-2022 with the NBB · fiscal year 2021 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2022 — assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2021 · NACE 46 — Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 2.2% | 10.7% | |
| Net result | €-652k | €11k | |
| Equity | €104k | €58k | |
| Gross operating margin | €323k | €90k | |
| Total assets | €4.65M | €921k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-339k
+21.3%
-3918% vs sector
€-652k
-3.6%
-12193% vs sector
€-266k
+35.0%
-4041% vs sector
€4.65M
+8.3%
+836% vs sector
€104k
-83.5%
+119% vs sector
€-233k
+12.3%
-403% vs sector
9
-22.5%
+272% vs sector
€654k
—
+183% vs sector
€1k
-19.7%
-69% vs sector
€45k
—
18–21
€4.54M
+24.1%
+934% vs sector
€3.70M
+20.8%
+884% vs sector
€826k
+56.2%
+245% vs sector
0.94
+2.6%
-24% vs sector
0.56
-18.0%
-42% vs sector
2.2%
-84.8%
-83% vs sector
43.76
+5116.3%
+477% vs sector
-628.4%
-528.5%
-5877% vs sector
-14.0%
+4.4%
-679% vs sector
-3.40
—
-105% vs sector
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Revenue | — |
| EBITDA | €-339k |
| Net profit | €-652k |
| Cash flow | €-266k |
| Staff costs | €654k |
| Income taxes | €1k |
| Dividends | — |
| Total assets | €4.65M |
| Equity | €104k |
| Debt | €4.54M |
| of which ≤ 1y | €3.70M |
| of which > 1y | €826k |
| Working capital | €-233k |
| Employees (FTE) | 9.3 |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 0.94 |
| Quick ratio | 0.56 |
| Working capital ratio | -5.0% |
| Solvency | 2.2% |
| Debt / equity | 43.76 |
| Long-term debt ratio | 7.95 |
| Interest coverage | -3.40 |
| Gross margin | — |
| Net margin | — |
| ROA | -14.0% |
| ROE | -628.4% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €4.65M |
| Fixed assets | 21/28 | €1.18M |
| Intangible fixed assets | 21 | €1.16M |
| Tangible fixed assets | 22/27 | €23k |
| Current assets | 29/58 | €3.47M |
| Stocks & contracts in progress | 3 | €1.41M |
| Amounts receivable within one year | 40/41 | €1.79M |
| Cash & bank | 54/58 | €222k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.65M |
| Equity | 10/15 | €104k |
| Contributions / capital | 10/11 | €369k |
| Reserves | 13 | €70k |
| Accumulated profits (losses) | 14 | €-893k |
| Amounts payable | 17/49 | €4.54M |
| Amounts payable after one year | 17 | €826k |
| Amounts payable within one year | 42/48 | €3.70M |
| Trade debts payable within one year | 44 | €1.65M |
| Income statement | ||
| Gross operating margin | 9900 | €323k |
| Operating result | 9901 | €-725k |
| Financial income | 75 | €174k |
| Financial charges | 65 | €100k |
| Result before taxes | 9903 | €-651k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €-652k |
| Result to be appropriated | 9905 | €-652k |
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Ratios computed by Checked.
Health barometer
FY 2021 · computed0
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See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.