GUILTEA
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 119 days after the deadline Filed on 27 November 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00518636.
Annual accounts 2022 filed on 27-11-2023 PDF all 3 filings
Turnover
≈ €120,000
Estimated: probably between €54,000 and €280,000
Total assets
€73,838▲ 40.2%
2021 · €52,675
Net result
€12,141
2021 · -€8,950
Working capital
€11,022
2021 · -€3,237
Multi-year overview
2020 to 2022, 3 financial yearsOperating result
€12,405
2022
20202022
Net result
€12,141
2022
highest quarter of the sector
20202022
Equity
€14,751
▲ 465%
2022
middle half of the sector
20202022
Total assets
€73,838
▲ 40.2%
2022
middle half of the sector
20202022
Debt
€59,088
▲ 18.0%
2022
20202022
Working capital
€11,022
2022
middle half of the sector
20202022
Solvency
20.0%
▲ 15.0pp
2022
middle half of the sector
20202022
Current ratio
1.19
▲ 0.25
2022
middle half of the sector
20202022
Return on assets (ROA)
16.4%
▲ 33.4pp
2022
highest quarter of the sector
20202022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022
Operating result€171--€8,567€12,405
Net result€60within the sector's middle half--€8,950within the sector's middle half€12,141above the sector's middle half
Equity€11,560within the sector's middle half-€2,610within the sector's middle half▼ 77.4%€14,751within the sector's middle half▲ 465%
Total assets€31,697below the sector's middle half-€52,675within the sector's middle half▲ 66.2%€73,838within the sector's middle half▲ 40.2%
Debt€20,137-€50,065▲ 149%€59,088▲ 18.0%
Working capital€11,118within the sector's middle half--€3,237within the sector's middle half€11,022within the sector's middle half
Solvency36.5%within the sector's middle half-5.0%within the sector's middle half▼ 31.5pp20.0%within the sector's middle half▲ 15.0pp
Current ratio1.63within the sector's middle half-0.94within the sector's middle half▼ 0.691.19within the sector's middle half▲ 0.25
Return on assets (ROA)0.2%within the sector's middle half--17.0%below the sector's middle half▼ 17.2pp16.4%above the sector's middle half▲ 33.4pp
above
within
below
The sector band is the middle half of the companies in Manufacture of beverages (NACE 11). 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 profit of €12,405, after a loss of €8,567 in 2021. It is the highest result since 2020.
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 €73,838
Fixed assets
€3,729 ▼ 36.2%
Current assets
€70,109 ▲ 49.7%
Equity and liabilities €73,838
Equity
€14,751 ▲ 465%
Debt
€59,088 ▲ 18.0%
Debt's share of the balance-sheet total falls from 95.0% to 80.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,191▲
2021 · -€6,647
Cash flow
€14,927▲
2021 · -€7,030
Quick ratio
0.47▼
2021 · 0.67
Debt to equity
4.01▼
2021 · 19.18
ROE
82.3%▲
2021 · -343.0%
Interest coverage
57.66▲
2021 · -17.33
Debt ≤ 1 year
€59,088▲
2021 · €50,065
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €2,550 | €669 |
| Intangible fixed assets | €2,370 | - |
| Depreciation and write-downs of the year | €1,920 | €2,786 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15,910 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €459 | €1,920 | €2,786 | ▲ 45.1% |
| Other operating charges640/8 | - | €345 | €147 | ▼ 57.5% |
| Gross operating margin9900 | €877 | €9,607 | €15,337 | ▲ 59.6% |
| Operating profit (loss)9901 | €171 | -€8,567 | €12,405 | - |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | - | €384 | €263 | ▼ 31.3% |
| Recurring financial charges65 | €111 | €384 | €263 | ▼ 31.3% |
| Profit (loss) for the period before taxes9903 | €60 | -€8,950 | €12,141 | - |
| Profit (loss) for the period9904 | €60 | -€8,950 | €12,141 | - |
| Profit (loss) for the period to be appropriated9905 | €60 | -€8,950 | €12,141 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €31,697 | €52,675 | €73,838 | ▲ 40.2% |
| Fixed assets21/28 | €2,847 | €5,847 | €3,729 | ▼ 36.2% |
| Intangible fixed assets21 | - | €1,983 | €1,193 | ▼ 39.8% |
| Tangible fixed assets22/27 | €2,847 | €3,864 | €2,536 | ▼ 34.4% |
| Plant, machinery and equipment23 | - | €2,119 | €1,269 | ▼ 40.1% |
| Furniture and vehicles24 | - | €1,745 | €1,267 | ▼ 27.4% |
| Current assets29/58 | €28,850 | €46,828 | €70,109 | ▲ 49.7% |
| Stocks and contracts in progress3 | €4,710 | €13,460 | €42,065 | ▲ 213% |
| Stocks30/36 | - | €13,460 | €42,065 | ▲ 213% |
| Amounts receivable within one year40/41 | €5,209 | €31,130 | €22,454 | ▼ 27.9% |
| Trade receivables40 | - | €23,074 | €16,465 | ▼ 28.6% |
| Other amounts receivable41 | - | €8,057 | €5,990 | ▼ 25.7% |
| Cash at bank and in hand54/58 | €18,857 | €2,164 | €5,516 | ▲ 155% |
| Deferred charges and accrued income490/1 | - | €74 | €74 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €31,697 | €52,675 | €73,838 | ▲ 40.2% |
| Equity10/15 | €11,560 | €2,610 | €14,751 | ▲ 465% |
| Contributions10/11 | - | €11,500 | €11,500 | = |
| Profit (loss) carried forward14 | €60 | -€8,890 | €3,251 | - |
| Amounts payable17/49 | €20,137 | €50,065 | €59,088 | ▲ 18.0% |
| Amounts payable after more than one year17 | €2,404 | - | - | - |
| Amounts payable within one year42/48 | €17,732 | €50,065 | €59,088 | ▲ 18.0% |
| Current portion of amounts payable after more than one year42 | - | €2,404 | - | - |
| Trade debts44 | €14,260 | €21,975 | €38,698 | ▲ 76.1% |
| Suppliers440/4 | - | €21,975 | €38,698 | ▲ 76.1% |
| Taxes, remuneration and social security45 | - | €2,124 | €216 | ▼ 89.8% |
| Taxes450/3 | - | €216 | €216 | = |
| Remuneration and social security454/9 | - | €1,908 | - | - |
| Other amounts payable47/48 | - | €23,561 | €20,174 | ▼ 14.4% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €60 | -€8,950 | €12,141 | - |
| + Depreciation and write-downs630 | €459 | €1,920 | €2,786 | ▲ 45.1% |
| Operating cash flow (approximation) | €519 | -€7,030 | €14,927 | - |
| Investment in fixed assets (approximation) | - | -€4,920 | -€669 | ▲ 86.4% |
| Change in cash | - | -€16,693 | €3,352 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.