GINGERWALD
Open bankruptcyFinancials · financial year 2022, micro format
Annual accounts 2022 filed on 17-07-2023 PDF all 7 filings
Turnover
≈ €290,000
Estimated: probably between €170,000 and €490,000
Total assets
€30,463▼ 26.2%
2021 · €41,264
Net result
-€5,400
2021 · €371
Working capital
-€32,257▲ 34.7%
2021 · -€49,367
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
-€3,748
2022
20182022
Net result
-€5,400
2022
lowest quarter of the sector
20182022
Equity
-€55,205
▼ 10.8%
2022
lowest quarter of the sector
20182022
Total assets
€30,463
▼ 26.2%
2022
lowest quarter of the sector
20182022
Debt
€85,668
▼ 5.9%
2022
20182022
Working capital
-€32,257
▲ 34.7%
2022
lowest quarter of the sector
20182022
Solvency
-181.2%
▼ 60.5pp
2022
lowest quarter of the sector
20182022
Current ratio
0.38
▲ 0.06
2022
lowest quarter of the sector
20182022
Return on assets (ROA)
-17.7%
▼ 18.6pp
2022
lowest quarter of the sector
20182022
Staff (FTE)
0.8
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€2,945--€23,434-€13,092▲ 44.1%€2,167-€3,748
Net result€2,829--€25,052-€14,213below the sector's middle half▲ 43.3%€371within the sector's middle half-€5,400below the sector's middle half
Equity-€23,311--€48,363▼ 107%-€62,576below the sector's middle half▼ 29.4%-€49,805below the sector's middle half▲ 20.4%-€55,205below the sector's middle half▼ 10.8%
Total assets€89,488-€57,726▼ 35.5%€54,256below the sector's middle half▼ 6.0%€41,264below the sector's middle half▼ 23.9%€30,463below the sector's middle half▼ 26.2%
Debt€112,798-€106,089▼ 5.9%€116,832▲ 10.1%€91,069▼ 22.1%€85,668▼ 5.9%
Working capital€45,979-€6,179▼ 86.6%-€13,623below the sector's middle half-€49,367below the sector's middle half▼ 262%-€32,257below the sector's middle half▲ 34.7%
Solvency-26.0%--83.8%▼ 57.7pp-115.3%below the sector's middle half▼ 31.6pp-120.7%below the sector's middle half▼ 5.4pp-181.2%below the sector's middle half▼ 60.5pp
Current ratio2.26-1.20▼ 1.060.67below the sector's middle half▼ 0.530.32below the sector's middle half▼ 0.350.38below the sector's middle half▲ 0.06
Return on assets (ROA)3.2%--43.4%▼ 46.6pp-26.2%below the sector's middle half▲ 17.2pp0.9%within the sector's middle half▲ 27.1pp-17.7%below the sector's middle half▼ 18.6pp
Staff (FTE)1.20.8
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 2022 is a loss of €3,748, after a profit of €2,167 in 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €30,463
Fixed assets
€10,642 ▼ 39.7%
Current assets
€19,821 ▼ 16.1%
Equity and liabilities
Equity-€55,205
Debt€85,668
Equity is negative. Debt (€85,668) exceeds the balance-sheet total (€30,463).
Key figures and ratios
EBITDA
€3,257▼
2021 · €10,692
Cash flow
€1,605▼
2021 · €8,896
Quick ratio
0.33▲
2021 · 0.29
Interest coverage
1.73▼
2021 · 5.83
Debt ≤ 1 year
€52,078▼
2021 · €72,984
Debt > 1 year
€33,590▲
2021 · €18,085
Staff costs
€26,558▲
2021 · €12,775
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 |
|---|---|
| Average over the year, in full-time equivalents | 0.8 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,566 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €12,775 | €26,558 | ▲ 108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,042 | €10,324 | €9,260 | €8,525 | €7,005 | ▼ 17.8% |
| Other operating charges640/8 | - | - | - | €457 | €513 | ▲ 12.3% |
| Gross operating margin9900 | €10,348 | €16,215 | €8,331 | €23,924 | €30,327 | ▲ 26.8% |
| Operating profit (loss)9901 | €2,945 | -€23,434 | -€13,092 | €2,167 | -€3,748 | - |
| Financial income75/76B | - | - | - | €38 | €233 | ▲ 510% |
| Recurring financial income75 | €21 | - | - | €38 | €233 | ▲ 510% |
| Financial charges65/66B | - | - | - | €1,834 | €1,885 | ▲ 2.8% |
| Recurring financial charges65 | €137 | €1,618 | €1,122 | €1,834 | €1,885 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €2,829 | -€25,052 | -€14,213 | €371 | -€5,400 | - |
| Profit (loss) for the period9904 | €2,829 | -€25,052 | -€14,213 | €371 | -€5,400 | - |
| Profit (loss) for the period to be appropriated9905 | €2,829 | -€25,052 | -€14,213 | €371 | -€5,400 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,488 | €57,726 | €54,256 | €41,264 | €30,463 | ▼ 26.2% |
| Fixed assets21/28 | €7,087 | €20,458 | €26,172 | €17,647 | €10,642 | ▼ 39.7% |
| Intangible fixed assets21 | - | €9,600 | €7,200 | €4,800 | €2,400 | ▼ 50.0% |
| Tangible fixed assets22/27 | €7,087 | €10,358 | €18,472 | €12,347 | €7,742 | ▼ 37.3% |
| Plant, machinery and equipment23 | - | - | - | €2,937 | €1,327 | ▼ 54.8% |
| Furniture and vehicles24 | - | - | - | €9,410 | €6,415 | ▼ 31.8% |
| Financial fixed assets28 | - | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €82,401 | €37,269 | €28,084 | €23,617 | €19,821 | ▼ 16.1% |
| Stocks and contracts in progress3 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Stocks30/36 | - | - | - | €2,500 | €2,500 | = |
| Amounts receivable within one year40/41 | €24,229 | €15,573 | €8,213 | €12,042 | €6,955 | ▼ 42.2% |
| Trade receivables40 | - | - | - | €11,630 | €4,403 | ▼ 62.1% |
| Other amounts receivable41 | - | - | - | €412 | €2,552 | ▲ 519% |
| Cash at bank and in hand54/58 | €55,672 | €19,195 | €16,745 | - | €5,355 | - |
| Deferred charges and accrued income490/1 | - | - | - | €9,075 | €5,011 | ▼ 44.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,488 | €57,726 | €54,256 | €41,264 | €30,463 | ▼ 26.2% |
| Equity10/15 | -€23,311 | -€48,363 | -€62,576 | -€49,805 | -€55,205 | ▼ 10.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€29,511 | -€54,563 | -€68,776 | -€68,405 | -€73,805 | ▼ 7.9% |
| Amounts payable17/49 | €112,798 | €106,089 | €116,832 | €91,069 | €85,668 | ▼ 5.9% |
| Amounts payable after more than one year17 | €75,000 | €75,000 | €75,125 | €18,085 | €33,590 | ▲ 85.7% |
| Financial debts170/4 | - | - | - | €18,085 | €33,590 | ▲ 85.7% |
| Amounts payable within one year42/48 | €36,421 | €31,089 | €41,708 | €72,984 | €52,078 | ▼ 28.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,394 | €18,742 | ▲ 683% |
| Financial debts43 | - | - | - | €44,748 | - | - |
| Credit institutions430/8 | - | - | - | €44,748 | - | - |
| Trade debts44 | - | €2,525 | €2,755 | €1,369 | €13,529 | ▲ 888% |
| Suppliers440/4 | - | - | - | €1,369 | €13,529 | ▲ 888% |
| Taxes, remuneration and social security45 | - | - | - | €3,973 | - | - |
| Taxes450/3 | - | - | - | €1,421 | - | - |
| Remuneration and social security454/9 | - | - | - | €2,552 | - | - |
| Other amounts payable47/48 | - | - | - | €20,499 | €19,807 | ▼ 3.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,829 | -€25,052 | -€14,213 | €371 | -€5,400 | - |
| + Depreciation and write-downs630 | €7,042 | €10,324 | €9,260 | €8,525 | €7,005 | ▼ 17.8% |
| Operating cash flow (approximation) | €9,870 | -€14,728 | -€4,953 | €8,896 | €1,605 | ▼ 82.0% |
| Investment in fixed assets (approximation) | - | -€23,695 | -€14,974 | €0 | €0 | - |
| Change in cash | - | -€36,476 | -€2,450 | - | - | - |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 17-07-2023 | 2023-00258986 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20271974 | |
| 31-12-2020 | micro format | 03-09-2021 | 2021-65500452 | |
| 31-12-2019 | micro format | 20-08-2020 | 2020-42900482 | |
| 31-12-2018 | micro format | 08-08-2019 | 2019-44900521 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-52800122 | |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-53600508 |