GERMO
Annual accounts 2021
abbreviated format, filed on 22-04-2022, 81 days lateTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.2m. Estimated: probably between €710,000 and €2.0m.
Balance sheet
balance sheet total €589,518 on 30-06-2021in euro
in euro
Staff
€9,798
Staff costs divided by the average number of full-time equivalents.
14 hours per contract
In 2021, 195 short contracts started and 198 ended, on average 14 hours worked per contract. Staff averaged 3.8 full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
589,518 | 687,995 | 837,535 | |
20 |
3,721 | 6,656 | 10,055 | |
21/28 |
485,925 | 614,315 | 720,327 | |
21 |
358,058 | 443,144 | 528,231 | |
22/27 |
127,867 | 171,171 | 192,096 | |
23 |
20,633 | 38,960 | 52,873 | |
24 |
21,100 | 26,121 | 33,043 | |
25 |
11,138 | - | - | |
26 |
74,995 | 90,001 | 85,141 | |
29/58 |
99,873 | 67,024 | 107,154 | |
3 |
8,250 | 6,750 | 23,550 | |
30/36 |
8,250 | 6,750 | 23,550 | |
40/41 |
66,717 | 46,179 | 50,540 | |
40 |
30,283 | 18,747 | 22,674 | |
41 |
36,434 | 27,433 | 27,866 | |
54/58 |
24,190 | 11,711 | 29,165 | |
490/1 |
716 | 2,383 | 3,898 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
589,518 | 687,995 | 837,535 | |
10/15 |
-344,360 | -648,829 | -240,476 | |
10/11 |
72,000 | 72,000 | 72,000 | |
100 |
- | - | 72,000 | |
14 |
-416,360 | -720,829 | -312,476 | |
17/49 |
933,878 | 1.3m | 1.1m | |
17 |
429,481 | 473,447 | 487,197 | |
170/4 |
429,481 | 473,447 | 487,197 | |
42/48 |
504,397 | 863,377 | 590,814 | |
42 |
207,784 | 109,975 | 121,615 | |
43 |
0 | 68,139 | - | |
430/8 |
0 | 68,139 | - | |
44 |
190,170 | 574,918 | 327,111 | |
440/4 |
190,170 | 574,918 | 327,111 | |
45 |
96,443 | 89,506 | 133,509 | |
450/3 |
18,714 | 32,977 | 10,882 | |
454/9 |
77,729 | 56,529 | 122,626 | |
47/48 |
10,000 | 20,840 | 8,580 | |
| Income statement | ||||
76A |
416,355 | - | - | |
9900 |
501,212 | 409,418 | 230,249 | |
62 |
37,234 | 665,330 | 450,366 | |
630 |
128,094 | 132,853 | 73,811 | |
640/8 |
5,486 | 3,585 | 8,281 | |
66A |
3,232 | - | - | |
9901 |
327,166 | -392,351 | -302,209 | |
75/76B |
156 | 91 | 13 | |
75 |
156 | 91 | 13 | |
65/66B |
22,763 | 15,887 | 10,280 | |
65 |
22,763 | 15,887 | 10,280 | |
9903 |
304,559 | -408,147 | -312,476 | |
67/77 |
90 | 206 | - | |
9904 |
304,469 | -408,353 | -312,476 | |
9905 |
304,469 | -408,353 | -312,476 | |
| Appropriation of the result | ||||
9906 |
-416,360 | -720,829 | -312,476 | |
14P |
-720,829 | - | - | |
| Social balance sheet | ||||
9087 |
3.8 | 16.3 | 26.5 | |
Hours worked1013 |
2,669 | 28,838 | 21,633 | |
| Document | ||||
The notes to these accounts have 16 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 2021 (PDF), filed on 22-04-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank2021 annual accounts filed 81 days after the deadline. Filed on 22 April 2022, deadline 31 January 2022 (7 months after the close on 30 June 2021, Companies Code art. 3:10). Source: NBB, 2022-20006338.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| 455,260 | -259,498 | -228,398 | ||
| 432,563 | -275,499 | -238,665 | ||
| -297 | 23,443 | 817,519 | ||
| 12,478 | -17,454 | - | ||
| -404,524 | -796,353 | -483,661 | ||
| -58.4% | -94.3% | -28.7% | ||
| 0.20 | 0.08 | 0.18 | ||
| 0.18 | 0.07 | 0.14 | ||
| 51.6% | -59.4% | -37.3% | ||
| 20.00 | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 30-06-2021 |
|---|---|
| Employees at the balance-sheet date | 5 |
| full-time | 3 |
| part-time | 2 |
| in full-time equivalents | 3.9 |
| 3.8 | |
| On a permanent contract | 5 |
| Joined | 195 |
| Left | 198 |
Source: social balance sheet in the 2021 annual accounts
Insights on GERMO
The operating result for 2021 is a profit of €327,166, after a loss of €392,351 in 2020. It is the highest result since 2019.
Equity is negative. Debt (€933,878) exceeds the balance-sheet total (€589,518).