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InactiveFinancials · financial year 2022, full format
2022 annual accounts filed 30 days after the deadline Filed on 30 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00379201.
Annual accounts 2022 filed on 30-08-2023 PDF all 4 filings
Turnover
≈ €6,200
Estimated: probably between €2,600 and €16,000
EBIT margin
Not included in this filing
Net result
€65▼ 100.0%
2021 · €239,729
Working capital
€127,461▼ 75.4%
2021 · €517,915
Multi-year overview
2019 to 2022, 4 financial yearsOperating result
€270
▼ 99.9%
2022
20192022
Net result
€65
▼ 100.0%
2022
20192022
Equity
€127,461
▼ 75.8%
2022
20192022
Total assets
€171,342
▼ 72.8%
2022
20192022
Debt
€43,881
▼ 57.5%
2022
20192022
Working capital
€127,461
▼ 75.4%
2022
20192022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€180,044-€173,867▼ 3.4%€320,515▲ 84.3%€270▼ 99.9%
Net result€132,622-€136,446▲ 2.9%€239,729▲ 75.7%€65▼ 100.0%
Equity€145,022-€287,668▲ 98.4%€527,397▲ 83.3%€127,461▼ 75.8%
Total assets€233,454-€380,666▲ 63.1%€630,750▲ 65.7%€171,342▼ 72.8%
Debt€88,432-€92,998▲ 5.2%€103,353▲ 11.1%€43,881▼ 57.5%
Working capital€122,868-€251,981▲ 105%€517,915▲ 106%€127,461▼ 75.4%
The operating result for 2022 is 100% lower than in 2021 and the lowest since 2019.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €171,342
Equity
€127,461 ▼ 75.8%
Debt
€43,881 ▼ 57.5%
Debt's share of the balance-sheet total rises from 16.4% to 25.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.90▼
2021 · 7.29
Debt to equity
0.34▲
2021 · 0.20
ROE
0.1%▼
2021 · 45.5%
ROA
0.0%▼
2021 · 38.0%
Debt ≤ 1 year
€43,881▼
2021 · €82,324
Income taxes
€159▼
2021 · €80,722
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,277 | €11,027 | €14,838 | - | - |
| Other operating charges640/8 | - | - | €789 | €649 | ▼ 17.7% |
| Gross operating margin9900 | €191,632 | €185,492 | €336,141 | €919 | ▼ 99.7% |
| Operating profit (loss)9901 | €180,044 | €173,867 | €320,515 | €270 | ▼ 99.9% |
| Financial income75/76B | - | - | €7 | - | - |
| Recurring financial income75 | €0 | €90 | €7 | - | - |
| Financial charges65/66B | - | - | €71 | €46 | ▼ 35.3% |
| Recurring financial charges65 | €238 | €90 | €71 | €46 | ▼ 35.3% |
| Profit (loss) for the period before taxes9903 | €179,807 | €173,867 | €320,451 | €224 | ▼ 99.9% |
| Income taxes67/77 | €47,185 | €37,421 | €80,722 | €159 | ▼ 99.8% |
| Profit (loss) for the period9904 | €132,622 | €136,446 | €239,729 | €65 | ▼ 100.0% |
| Profit (loss) for the period to be appropriated9905 | €132,622 | €136,446 | €239,729 | €65 | ▼ 100.0% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €233,454 | €380,666 | €630,750 | €171,342 | ▼ 72.8% |
| Fixed assets21/28 | €36,385 | €45,349 | €30,511 | - | - |
| Tangible fixed assets22/27 | €36,385 | €45,349 | €30,511 | - | - |
| Plant, machinery and equipment23 | - | - | €1,494 | - | - |
| Furniture and vehicles24 | - | - | €29,017 | - | - |
| Current assets29/58 | €197,068 | €335,317 | €600,239 | €171,342 | ▼ 71.5% |
| Stocks and contracts in progress3 | €11,586 | €21,053 | €18,927 | - | - |
| Stocks30/36 | - | - | €18,927 | - | - |
| Amounts receivable within one year40/41 | €75,314 | €119,759 | €168,633 | €136,345 | ▼ 19.1% |
| Trade receivables40 | - | - | €162,503 | - | - |
| Other amounts receivable41 | - | - | €6,130 | €136,345 | ▲ 22× |
| Cash at bank and in hand54/58 | €110,168 | €194,506 | €411,507 | €34,998 | ▼ 91.5% |
| Deferred charges and accrued income490/1 | - | - | €1,171 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €233,454 | €380,666 | €630,750 | €171,342 | ▼ 72.8% |
| Equity10/15 | €145,022 | €287,668 | €527,397 | €127,461 | ▼ 75.8% |
| Contributions10/11 | €12,400 | - | €18,600 | €18,600 | = |
| Reserves13 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Distributable reserves133 | - | - | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €102,622 | €239,068 | €478,797 | €78,861 | ▼ 83.5% |
| Amounts payable17/49 | €88,432 | €92,998 | €103,353 | €43,881 | ▼ 57.5% |
| Amounts payable within one year42/48 | €74,200 | €83,336 | €82,324 | €43,881 | ▼ 46.7% |
| Trade debts44 | €4,405 | €12,043 | €1,981 | - | - |
| Suppliers440/4 | - | - | €1,981 | - | - |
| Taxes, remuneration and social security45 | - | - | €80,343 | €43,881 | ▼ 45.4% |
| Taxes450/3 | - | - | €80,343 | €43,881 | ▼ 45.4% |
| Accrued charges and deferred income492/3 | - | - | €21,030 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €132,622 | €136,446 | €239,729 | €65 | ▼ 100.0% |
| + Depreciation and write-downs630 | €11,277 | €11,027 | €14,838 | - | - |
| Operating cash flow (approximation) | €143,898 | €147,472 | €254,567 | €65 | ▼ 100.0% |
| Investment in fixed assets (approximation) | - | -€19,990 | €0 | - | - |
| Change in cash | - | €84,337 | €217,001 | -€376,509 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.