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ActiveFinancials · financial year 2020, micro format
2021 annual accounts not yet filed, deadline passed on 31 July 2022 The financial year closed on 31 December 2021. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 5 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2020 filed on 20-08-2021 PDF all 9 filings
Turnover
€59,994▼ 18.2%
2019 · €73,312
EBIT margin
-30.6%▼ 36.0pp
2019 · 5.4%
Net result
-€13,596
2019 · €2,017
Working capital
-€11,027
2019 · €21,503
Multi-year overview
2018 to 2020, 3 financial yearsTurnover
€59,994
▼ 18.2%
2020
20182020
Operating result
-€18,348
2020
20182020
Net result
-€13,596
2020
lowest quarter of the sector
20182020
EBIT margin
-30.6%
▼ 36.0pp
2020
20182020
Equity
€8,912
▼ 60.4%
2020
lowest quarter of the sector
20182020
Total assets
€80,853
▲ 150%
2020
middle half of the sector
20182020
Debt
€71,941
▲ 628%
2020
20182020
Working capital
-€11,027
2020
lowest quarter of the sector
20182020
Solvency
11.0%
▼ 58.5pp
2020
lowest quarter of the sector
20182020
Current ratio
0.61
▼ 2.57
2020
lowest quarter of the sector
20182020
Return on assets (ROA)
-16.8%
▼ 23.0pp
2020
lowest quarter of the sector
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Turnover€82,336-€73,312▼ 11.0%€59,994▼ 18.2%
Operating result€18,429-€3,986▼ 78.4%-€18,348
Net result€15,046-€2,017▼ 86.6%-€13,596below the sector's middle half
EBIT margin22.4%-5.4%▼ 16.9pp-30.6%▼ 36.0pp
Equity€20,491-€22,508▲ 9.8%€8,912below the sector's middle half▼ 60.4%
Total assets€28,269-€32,393▲ 14.6%€80,853within the sector's middle half▲ 150%
Debt€7,779-€9,885▲ 27.1%€71,941▲ 628%
Working capital€18,015-€21,503▲ 19.4%-€11,027below the sector's middle half
Solvency72.5%-69.5%▼ 3.0pp11.0%below the sector's middle half▼ 58.5pp
Current ratio3.32-3.18▼ 0.140.61below the sector's middle half▼ 2.57
Return on assets (ROA)53.2%-6.2%▼ 47.0pp-16.8%below the sector's middle half▼ 23.0pp
above
within
below
The sector band is the middle half of the companies in Other manufacturing (NACE 32). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2020 is a loss of €18,348, after a profit of €3,986 in 2019. It is the lowest result since 2018.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €80,853
Fixed assets
€63,917 ▲ 64×
Current assets
€16,936 ▼ 46.0%
Equity and liabilities €80,853
Equity
€8,912 ▼ 60.4%
Debt
€71,941 ▲ 628%
Debt's share of the balance-sheet total rises from 30.5% to 89.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,514▼
2019 · €5,457
Cash flow
-€5,762▼
2019 · €3,488
Quick ratio
0.57▼
2019 · 3.09
Debt to equity
4.93
ROE
-152.6%▼
2019 · 9.0%
Debt ≤ 1 year
€27,962▲
2019 · €9,885
Debt > 1 year
€43,979
Income taxes
€10▼
2019 · €1,984
Customer credit
27 days▼
2019 · 51 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €82,336 | €73,312 | €59,994 | ▼ 18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,471 | €1,471 | €7,834 | ▲ 433% |
| Gross operating margin9900 | €20,695 | €5,921 | -€5,953 | - |
| Operating profit (loss)9901 | €18,429 | €3,986 | -€18,348 | - |
| Recurring financial income75 | €77 | €154 | €9 | ▼ 94.0% |
| Recurring financial charges65 | €173 | €184 | €726 | ▲ 296% |
| Profit (loss) for the period before taxes9903 | €18,405 | €4,001 | -€13,585 | - |
| Income taxes67/77 | €3,358 | €1,984 | €10 | ▼ 99.5% |
| Profit (loss) for the period9904 | €15,046 | €2,017 | -€13,596 | - |
| Profit (loss) for the period to be appropriated9905 | €15,046 | €2,017 | -€13,596 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €28,269 | €32,393 | €80,853 | ▲ 150% |
| Fixed assets21/28 | €2,476 | €1,005 | €63,917 | ▲ 64× |
| Tangible fixed assets22/27 | €2,476 | €1,005 | €63,917 | ▲ 64× |
| Current assets29/58 | €25,793 | €31,388 | €16,936 | ▼ 46.0% |
| Stocks and contracts in progress3 | €590 | €872 | €979 | ▲ 12.3% |
| Amounts receivable within one year40/41 | €11,073 | €10,197 | €4,383 | ▼ 57.0% |
| Cash at bank and in hand54/58 | €14,056 | €19,092 | €11,268 | ▼ 41.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €28,269 | €32,393 | €80,853 | ▲ 150% |
| Equity10/15 | €20,491 | €22,508 | €8,912 | ▼ 60.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €1,356 | €1,457 | €1,457 | = |
| Profit (loss) carried forward14 | €17,135 | €19,051 | €5,455 | ▼ 71.4% |
| Amounts payable17/49 | €7,779 | €9,885 | €71,941 | ▲ 628% |
| Amounts payable after more than one year17 | - | - | €43,979 | - |
| Amounts payable within one year42/48 | €7,779 | €9,885 | €27,962 | ▲ 183% |
| Trade debts44 | €2,736 | €2,828 | €2,508 | ▼ 11.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,046 | €2,017 | -€13,596 | - |
| + Depreciation and write-downs630 | €1,471 | €1,471 | €7,834 | ▲ 433% |
| Operating cash flow (approximation) | €16,517 | €3,488 | -€5,762 | - |
| Investment in fixed assets (approximation) | - | €0 | -€70,746 | - |
| Change in cash | - | €5,036 | -€7,823 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 20-08-2021 | 2021-51900090 | |
| 31-12-2019 | micro format | 02-09-2020 | 2020-50800300 | |
| 31-12-2018 | micro format | 13-08-2019 | 2019-46700524 | |
| 31-12-2017 | micro format | 07-08-2018 | 2018-44500505 | |
| 31-12-2016 | micro format | 27-07-2017 | 2017-38000205 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-59000440 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-56700061 | |
| 31-12-2013 | full format | 27-08-2014 | 2014-52700270 | |
| 31-12-2012 | full format | 10-07-2013 | 2013-29400188 |