FULL-TECHNICS
Annual accounts 2023
abbreviated format, filed on 20-02-2024, 20 days lateGross margin
€259,725
▼ 50.6%
Operating result
€17,764
▼ 84.2%
Profit
€7,380
▼ 89.8%
Working capital
€624,859
▼ 1.9%
Solvency
24.6%
▼ 1.9 percentage points
Current ratio
1.33
▼ 0.05
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €610,000. Estimated: probably between €370,000 and €1.0m.
Balance sheet
balance sheet total €2.8m on 30-06-2023What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Staff
Staff cost per FTE€24,371
Staff costs divided by the average number of full-time equivalents.
Joined and left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
Total assets20/58 |
2.8m | 2.5m | 3.9m | 2.7m | 2.0m | 1.8m | 2.2m | 2.2m | 2.3m | 2.1m | 2.1m | 2.1m | 1.7m | 1.5m | 1.5m | |
Fixed assets21/28 |
237,226 | 240,776 | 252,528 | 278,000 | 58,583 | 18,609 | 27,070 | 30,770 | 15,284 | 12,779 | 13,827 | 12,080 | 21,992 | 25,529 | 34,733 | |
Intangible fixed assets21 |
- | - | - | - | 4,000 | 8,000 | 12,000 | 16,000 | 316 | 930 | 1,844 | 2,771 | 2,899 | 2,803 | 2,398 | |
Tangible fixed assets22/27 |
234,588 | 238,138 | 249,890 | 277,880 | 54,463 | 10,489 | 14,950 | 14,650 | 14,848 | 11,729 | 11,863 | 9,189 | 18,973 | 22,646 | 32,254 | |
Land and buildings22 |
224,930 | 225,186 | 217,520 | 217,520 | - | - | - | - | - | - | - | - | - | - | - | |
Plant, machinery and equipment23 |
4,600 | 2,976 | 4,805 | 4,974 | 7,778 | 4,997 | 8,065 | 6,272 | 6,576 | 9,756 | 7,095 | 6,143 | 5,913 | 2,059 | 1,911 | |
Furniture and vehicles24 |
5,058 | 9,975 | 19,661 | 37,602 | 17,046 | 5,492 | 6,885 | 8,378 | 8,272 | 1,973 | 4,768 | 2,976 | 8,734 | 12,004 | 17,505 | |
Financial fixed assets28 |
2,638 | 2,638 | 2,638 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 80 | 80 | |
Current assets29/58 |
2.5m | 2.3m | 3.7m | 2.5m | 1.9m | 1.8m | 2.2m | 2.2m | 2.3m | 2.0m | 2.0m | 2.1m | 1.7m | 1.5m | 1.4m | |
Stocks and contracts in progress3 |
850,198 | 998,845 | 1.4m | 962,391 | 826,914 | 803,426 | 791,682 | 731,969 | 922,919 | 791,867 | 756,620 | 876,603 | 791,465 | 755,352 | 603,248 | |
Stocks30/36 |
850,198 | 998,845 | 1.4m | 962,391 | 826,914 | 803,426 | 791,682 | 725,143 | 922,919 | 786,468 | 749,799 | 861,855 | 751,677 | 718,337 | 603,248 | |
Contracts in progress37 |
- | - | - | - | - | - | - | 6,826 | - | 5,398 | 6,821 | 14,748 | 39,788 | 37,015 | - | |
Amounts receivable within one year40/41 |
1.6m | 1.2m | 2.2m | 1.4m | 1.0m | 972,983 | 1.3m | 1.4m | 1.3m | 1.0m | 1.2m | 1.1m | 796,664 | 692,602 | 723,864 | |
Trade receivables40 |
1.6m | 1.2m | 2.2m | 1.4m | 1.0m | 972,061 | 1.3m | 1.4m | 1.3m | 1.0m | 1.2m | 1.1m | 796,664 | 668,289 | 723,864 | |
Other amounts receivable41 |
12,019 | 16,054 | 1,743 | 3,150 | 1,147 | 922 | 933 | - | - | - | - | - | - | 24,313 | - | |
Cash at bank and in hand54/58 |
77,655 | 51,782 | 33,373 | 120,571 | 43,226 | 21,370 | 73,371 | 35,788 | 141,038 | 198,905 | 85,301 | 156,438 | 64,676 | 65,529 | 114,816 | |
Deferred charges and accrued income490/1 |
4,052 | 15,199 | 9,869 | 8,809 | 16,411 | 8,671 | 11,420 | 5,076 | 4,610 | 4,191 | 12,694 | 6,457 | 8,291 | 7,222 | 3,668 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
Total equity and liabilities10/49 |
2.8m | 2.5m | 3.9m | 2.7m | 2.0m | 1.8m | 2.2m | 2.2m | 2.3m | 2.1m | 2.1m | 2.1m | 1.7m | 1.5m | 1.5m | |
Equity10/15 |
682,173 | 674,792 | 602,420 | 509,086 | 475,046 | 432,360 | 395,326 | 381,761 | 334,318 | 306,105 | 298,319 | 235,106 | 178,096 | 157,319 | 113,499 | |
Contributions10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
Capital10 |
62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Issued capital100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
Reserves13 |
620,000 | 612,000 | 540,000 | 447,000 | 413,000 | 370,000 | 333,000 | 319,000 | 272,000 | 244,000 | 236,000 | 173,000 | 116,000 | 95,000 | 51,000 | |
Non-distributable reserves130/1 |
6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 5,805 | 4,766 | 2,575 | |
Tax-exempt reserves132 |
116 | 116 | 116 | 116 | 52 | - | - | - | - | - | - | - | - | - | - | |
Distributable reserves133 |
613,684 | 605,684 | 533,684 | 440,684 | 406,748 | 363,800 | 326,800 | 312,800 | 265,800 | 237,800 | 229,800 | 166,800 | 110,195 | 90,234 | 48,425 | |
Profit (loss) carried forward14 |
173 | 792 | 420 | 86 | 46 | 360 | 326 | 761 | 318 | 105 | 319 | 106 | 96 | 319 | 499 | |
Amounts payable17/49 |
2.1m | 1.9m | 3.3m | 2.2m | 1.5m | 1.4m | 1.8m | 1.8m | 2.0m | 1.8m | 1.8m | 1.9m | 1.5m | 1.4m | 1.4m | |
Amounts payable after more than one year17 |
179,912 | 195,387 | 224,999 | 258,023 | 42,950 | - | - | - | - | - | 3,571 | 46,428 | 94,786 | 143,643 | 192,500 | |
Financial debts170/4 |
179,912 | 195,387 | 224,999 | 258,023 | 42,950 | - | - | - | - | - | 3,571 | 46,428 | 94,786 | 143,643 | 192,500 | |
Amounts payable within one year42/48 |
1.9m | 1.7m | 3.1m | 2.0m | 1.5m | 1.4m | 1.8m | 1.8m | 2.0m | 1.7m | 1.7m | 1.8m | 1.3m | 1.2m | 1.2m | |
Current portion of amounts payable after more than one year42 |
29,573 | 29,612 | 33,025 | 28,180 | 15,269 | - | - | - | - | 3,571 | 42,857 | 48,357 | 48,857 | 48,857 | 56,218 | |
Financial debts43 |
350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 390,000 | 420,000 | 425,000 | 425,000 | 275,000 | 200,000 | 200,000 | |
Credit institutions430/8 |
350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 390,000 | 420,000 | 425,000 | 425,000 | 275,000 | 200,000 | 200,000 | |
Trade debts44 |
716,738 | 1.0m | 1.6m | 1.3m | 1.0m | 838,444 | 1.0m | 1.1m | 1.5m | 1.1m | 1.2m | 1.3m | 922,837 | 939,479 | 795,838 | |
Suppliers440/4 |
716,738 | 1.0m | 1.6m | 1.3m | 1.0m | 838,444 | 1.0m | 1.1m | 1.5m | 1.1m | 1.2m | 1.3m | 922,837 | 939,479 | 795,838 | |
Advances received on contracts in progress46 |
596,522 | 170,000 | 829,000 | 140,750 | - | 121,303 | 380,686 | 297,000 | - | 147,569 | - | - | - | - | - | |
Taxes, remuneration and social security45 |
218,999 | 85,813 | 247,908 | 92,135 | 81,812 | 72,300 | 73,721 | 105,376 | 60,686 | 94,974 | 80,204 | 91,877 | 97,713 | 55,716 | 117,496 | |
Taxes450/3 |
184,564 | 58,120 | 210,844 | 35,589 | 32,861 | 28,898 | 39,194 | 55,427 | 22,315 | 61,321 | 43,002 | 61,880 | 59,527 | 21,460 | 78,404 | |
Remuneration and social security454/9 |
34,435 | 27,693 | 37,064 | 56,546 | 48,951 | 43,402 | 34,527 | 49,949 | 38,371 | 33,653 | 37,202 | 29,997 | 38,186 | 34,256 | 39,092 | |
Accrued charges and deferred income492/3 |
- | 7,438 | 12,893 | 10,114 | 11,519 | 10,654 | 11,678 | 15,714 | 15,224 | 11,056 | 13,412 | 44,099 | 65,799 | 1,219 | 4,778 | |
| Income statement | ||||||||||||||||
Non-recurring operating income76A |
- | - | - | - | 3,500 | - | - | - | - | - | - | - | - | - | - | |
Gross operating margin9900 |
259,725 | 525,283 | 702,146 | 651,492 | 592,163 | 585,153 | 468,192 | 580,303 | 472,005 | 426,332 | 470,207 | 471,799 | 412,384 | 471,937 | 870,877 | |
Remuneration, social security and pensions62 |
146,225 | 374,586 | 544,247 | 498,034 | 449,110 | 445,379 | 418,989 | 468,817 | 401,200 | 384,073 | 343,802 | 345,779 | 343,342 | 364,106 | 705,664 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
6,210 | 20,829 | 31,310 | 38,578 | 38,597 | 11,441 | 14,222 | 13,615 | 10,496 | 7,992 | 7,779 | 16,117 | 14,999 | 13,487 | 24,853 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
-58,172 | 6,500 | -20,634 | 23,267 | 32,177 | 58,200 | -2,984 | 11,645 | - | - | - | - | - | - | - | |
Other operating charges640/8 |
145,698 | 2,897 | 3,447 | 2,713 | 2,632 | 3,698 | 6,370 | 3,552 | 2,113 | 2,653 | 1,922 | 1,616 | 1,685 | 1,334 | 3,065 | |
Non-recurring operating charges66A |
2,000 | 7,789 | 1,694 | 30,558 | 1,312 | 1,745 | 514 | 2,051 | 1,353 | 1,766 | 1,884 | 2,543 | 1,231 | 2,512 | 825 | |
Operating profit (loss)9901 |
17,764 | 112,683 | 142,081 | 58,342 | 68,336 | 64,689 | 31,082 | 82,674 | 58,196 | 31,615 | 116,704 | 108,287 | 52,358 | 93,011 | 137,295 | |
Financial income75/76B |
5 | 974 | 6 | 49 | 341 | 2,213 | 42 | 3,595 | 1,186 | 1,296 | 3,653 | 5,197 | 3,066 | 2,620 | 3,600 | |
Recurring financial income75 |
5 | 974 | 6 | 49 | 341 | 2,213 | 42 | 3,595 | 1,186 | 1,296 | 3,653 | 5,197 | 3,066 | 2,620 | 3,600 | |
Financial charges65/66B |
6,830 | 11,333 | 12,156 | 10,872 | 9,419 | 7,720 | 11,175 | 12,580 | 14,460 | 19,600 | 22,119 | 23,419 | 22,564 | 24,031 | 52,445 | |
Recurring financial charges65 |
6,830 | 11,333 | 12,156 | 10,872 | 8,419 | 7,720 | 11,175 | 12,580 | 14,460 | 19,600 | 22,119 | 23,419 | 22,564 | 24,031 | 52,445 | |
Non-recurring financial charges66B |
- | - | - | - | 1,000 | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period before taxes9903 |
10,939 | 102,323 | 129,931 | 47,518 | 59,258 | 59,182 | 19,950 | 71,638 | 43,569 | 11,545 | 96,354 | 87,522 | 31,629 | 69,088 | 87,625 | |
Income taxes67/77 |
3,559 | 29,951 | 36,598 | 13,478 | 16,572 | 22,149 | 6,384 | 24,195 | 15,355 | 3,759 | 33,141 | 30,512 | 10,852 | 25,268 | 36,127 | |
Profit (loss) for the period9904 |
7,380 | 72,372 | 93,334 | 34,040 | 42,687 | 37,033 | 13,565 | 47,443 | 28,213 | 7,786 | 63,212 | 57,010 | 20,777 | 43,820 | 51,499 | |
Transfer to tax-exempt reserves689 |
- | - | - | 64 | 52 | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period to be appropriated9905 |
7,380 | 72,372 | 93,334 | 33,976 | 42,635 | 37,033 | 13,565 | 47,443 | 28,213 | 7,786 | 63,212 | 57,010 | 20,777 | 43,820 | 51,499 | |
| Appropriation of the result | ||||||||||||||||
Profit (loss) to be appropriated9906 |
8,173 | 72,792 | 93,420 | 34,022 | 42,995 | 37,360 | 14,326 | 47,761 | 28,318 | 8,105 | 63,319 | 57,106 | 21,096 | 44,319 | 51,499 | |
Profit (loss) brought forward from the previous period14P |
792 | 420 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
8,000 | 72,000 | 93,000 | 33,936 | 42,948 | 37,000 | 14,000 | 47,000 | 28,000 | 8,000 | 63,000 | 57,000 | 21,000 | 44,000 | 51,000 | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | - | - | - | 395 | 1,039 | 2,191 | 2,575 | |
To other reserves6921 |
8,000 | 72,000 | 93,000 | 33,936 | 42,948 | 37,000 | 14,000 | 47,000 | 28,000 | 8,000 | 63,000 | 56,605 | 19,961 | 41,809 | 48,425 | |
| Social balance sheet | ||||||||||||||||
Average staff (FTE)9087 |
6 | 6 | 7.6 | 7.4 | 7.1 | 7.1 | 7.2 | 7.8 | 7.3 | 7.2 | 6.6 | 6.8 | 6.8 | 7.3 | 7.4 | |
Hours worked1013 |
4,921 | 9,842 | 13,249 | 13,033 | 12,668 | 12,279 | 11,992 | 13,484 | 12,994 | 12,177 | 10,819 | 11,221 | 11,934 | 12,425 | 23,823 | |
| Document | ||||||||||||||||
The notes to these accounts have 19 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 2023 (PDF), filed on 20-02-2024.
Filings
each dot is a set of accounts, on the day it reached the National Bank2023 annual accounts filed 20 days after the deadline. Filed on 20 February 2024, deadline 31 January 2024 (7 months after the close on 30 June 2023, Companies Code art. 3:10). Source: NBB, 2024-00032095.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | abbreviated format | 20-02-2024 | 2024-00032095 | |
| 30-06-2022 | abbreviated format | 23-01-2023 | 2023-00002754 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-03400173 | |
| 30-06-2020 | abbreviated format | 02-02-2021 | 2021-04500427 | |
| 30-06-2019 | abbreviated format | 12-02-2020 | 2020-04900015 | |
| 30-06-2018 | abbreviated format | 13-02-2019 | 2019-05100028 | |
| 30-06-2017 | abbreviated format | 07-02-2018 | 2018-04700063 | |
| 30-06-2016 | abbreviated format | 08-02-2017 | 2017-04300058 | |
| 30-06-2015 | abbreviated format | 04-02-2016 | 2016-04000384 | |
| 30-06-2014 | abbreviated format | 16-01-2015 | 2015-01900132 | |
| 30-06-2013 | abbreviated format | 07-03-2014 | 2014-06000562 | |
| 30-06-2012 | abbreviated format | 01-03-2013 | 2013-05600157 | |
| 30-06-2011 | abbreviated format | 14-02-2012 | 2012-03900389 | |
| 30-06-2010 | abbreviated format | 11-02-2011 | 2011-03100554 | |
| 30-06-2009 | abbreviated format | 26-02-2010 | 2010-05600214 |
Subsidies and aid
Flemish government 2022, 1 entry, €357 awarded, €357 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 23,974 | 133,512 | 173,392 | 96,920 | 106,933 | 76,130 | 45,304 | 96,289 | 68,692 | 39,607 | 124,483 | 124,404 | 67,357 | 106,498 | 162,149 | |
| Cash flow | 13,590 | 93,201 | 124,644 | 72,618 | 81,284 | 48,475 | 27,787 | 61,058 | 38,710 | 15,778 | 70,992 | 73,127 | 35,776 | 57,308 | 76,352 | |
| Investment in fixed assets | 2,660 | 9,077 | 5,838 | 288,048 | 78,571 | 2,980 | 10,523 | 29,100 | 13,001 | 6,944 | 9,527 | 6,205 | 11,462 | 4,284 | 59,586 | |
| Change in cash | 25,873 | 18,409 | -87,197 | 77,344 | 21,856 | -52,000 | 37,583 | -105,250 | -57,867 | 113,604 | -71,137 | 91,762 | -853 | -49,287 | - | |
| Working capital | 624,859 | 636,842 | 587,784 | 499,224 | 470,933 | 424,404 | 379,934 | 366,705 | 334,258 | 304,382 | 301,475 | 313,554 | 316,689 | 276,652 | 276,044 | |
| Solvency | 24.6% | 26.5% | 15.3% | 18.7% | 23.8% | 23.7% | 17.8% | 17.2% | 14.3% | 14.9% | 14.5% | 10.9% | 10.6% | 10.2% | 7.7% | |
| Current ratio | 1.33 | 1.38 | 1.19 | 1.26 | 1.32 | 1.31 | 1.21 | 1.20 | 1.17 | 1.17 | 1.17 | 1.17 | 1.24 | 1.22 | 1.24 | |
| Quick ratio | 0.88 | 0.78 | 0.73 | 0.76 | 0.76 | 0.73 | 0.77 | 0.80 | 0.70 | 0.72 | 0.74 | 0.69 | 0.65 | 0.62 | 0.72 | |
| Debt to equity | 3.07 | 2.78 | 5.55 | 4.36 | 3.20 | 3.22 | 4.61 | 4.81 | 6.01 | 5.72 | 5.89 | 8.14 | 8.45 | 8.83 | 12.04 | |
| ROE | 1.1% | 10.7% | 15.5% | 6.7% | 9.0% | 8.6% | 3.4% | 12.4% | 8.4% | 2.5% | 21.2% | 24.2% | 11.7% | 27.9% | 45.4% | |
| ROA | 0.3% | 2.8% | 2.4% | 1.2% | 2.1% | 2.0% | 0.6% | 2.1% | 1.2% | 0.4% | 3.1% | 2.7% | 1.2% | 2.8% | 3.5% | |
| Interest coverage | 3.51 | 11.78 | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Social balance sheet
| Item | 30-06-2023 | 30-06-2022 |
|---|---|---|
| Employees at the balance-sheet date | 5 | 5 |
| full-time | 4 | 4 |
| part-time | 1 | 1 |
| in full-time equivalents | 4.3 | 4.3 |
| Average over the year, in full-time equivalents | 6 | 6 |
| On a permanent contract | 5 | 5 |
| Joined | - | 3 |
| Left | - | 5 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-06-2023 | 30-06-2022 |
|---|---|---|
| Debts secured on the company's own assets | €209,485 | €554,953 |
| Mortgages, amount registered | €25,000 | €25,000 |
| Mortgage mandates | €175,000 | €175,000 |
| Carrying value of the mortgaged assets | €224,930 | €225,186 |
Source: notes to the 2022 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2023 | 30-06-2022 |
|---|---|---|
| Tangible fixed assets | €2,660 | €9,077 |
| Depreciation and write-downs of the year | €6,210 | €20,829 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Insights on FULL-TECHNICS
The operating result for 2023 is 84% lower than in 2022 and the lowest since 2009. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 73.5% to 75.4%. Equity and debt are higher.