GUY GEMOETS
InactiveFinancials · financial year 2022, full format
Annual accounts 2022 filed on 26-07-2023 PDF all 21 filings
Turnover
≈ €340,000
Estimated: probably between €210,000 and €630,000
EBIT margin
Not included in this filing
Net result
€22,918▼ 52.5%
2021 · €48,299
Working capital
-€36,701
2021 · €6,840
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€33,786
▼ 49.3%
2022
20182022
Net result
€22,918
▼ 52.5%
2022
20182022
Equity
€119,722
▲ 23.7%
2022
20182022
Total assets
€286,926
▼ 29.5%
2022
20182022
Debt
€167,204
▼ 46.1%
2022
20182022
Working capital
-€36,701
2022
20182022
Staff (FTE)
1.5
▼ 28.6%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€76,271-€103,057▲ 35.1%€91,688▼ 11.0%€66,591▼ 27.4%€33,786▼ 49.3%
Net result€58,080-€78,262▲ 34.7%€67,803▼ 13.4%€48,299▼ 28.8%€22,918▼ 52.5%
Equity€152,425-€230,702▲ 51.4%€298,505▲ 29.4%€96,804▼ 67.6%€119,722▲ 23.7%
Total assets€266,720-€314,490▲ 17.9%€364,757▲ 16.0%€407,035▲ 11.6%€286,926▼ 29.5%
Debt€114,295-€83,788▼ 26.7%€66,252▼ 20.9%€310,231▲ 368%€167,204▼ 46.1%
Working capital€4,038-€113,499▲ 28×€194,564▲ 71.4%€6,840▼ 96.5%-€36,701
Staff (FTE)1.5-1.9▲ 26.7%1.8▼ 5.3%2.1▲ 16.7%1.5▼ 28.6%
The operating result for 2022 is 49% lower than in 2021 and the lowest since 2018. It is the third fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €286,926
Fixed assets
€234,783 ▲ 161%
Current assets
€52,143 ▼ 83.6%
Equity and liabilities €286,926
Equity
€119,722 ▲ 23.7%
Debt
€167,204 ▼ 46.1%
Debt's share of the balance-sheet total falls from 76.2% to 58.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,685▼
2021 · €89,275
Cash flow
€48,817▼
2021 · €70,983
Current ratio
0.59▼
2021 · 1.02
Debt to equity
1.40▼
2021 · 3.20
ROE
19.1%▼
2021 · 49.9%
ROA
8.0%▼
2021 · 11.9%
Interest coverage
27.66▼
2021 · 50.84
Debt ≤ 1 year
€88,844▼
2021 · €310,231
Debt > 1 year
€78,360
Income taxes
€8,863▼
2021 · €16,585
Staff costs
€57,845▼
2021 · €65,476
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 2 |
| full-time | - | 1 |
| part-time | 3 | 1 |
| in full-time equivalents | 2 | 1.8 |
| Average over the year, in full-time equivalents | 2.1 | 1.5 |
| On a permanent contract | 3 | 2 |
| Joined | 1 | 2 |
| Left | 1 | 3 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Overdue debts
| Item | 2021 | 2022 |
|---|---|---|
| Overdue tax debts | - | €237 |
| Overdue social security (RSZ) debts | - | €1,279 |
Source: notes to the 2021 to 2022 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €8,963 | €170,668 |
| Financial fixed assets | - | €50 |
| Depreciation and write-downs of the year | €22,684 | €25,899 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €65,476 | €57,845 | ▼ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,593 | €32,991 | €27,637 | €22,684 | €25,899 | ▲ 14.2% |
| Other operating charges640/8 | - | - | - | €2,442 | €2,377 | ▼ 2.7% |
| Non-recurring operating charges66A | - | - | - | €256 | €12,414 | ▲ 48× |
| Gross operating margin9900 | €182,666 | €200,076 | €168,655 | €157,449 | €132,321 | ▼ 16.0% |
| Operating profit (loss)9901 | €76,271 | €103,057 | €91,688 | €66,591 | €33,786 | ▼ 49.3% |
| Financial income75/76B | - | - | - | €49 | €153 | ▲ 212% |
| Recurring financial income75 | €112 | - | €181 | €49 | €153 | ▲ 212% |
| Financial charges65/66B | - | - | - | €1,756 | €2,158 | ▲ 22.9% |
| Recurring financial charges65 | €3,994 | €3,200 | €1,025 | €1,756 | €2,158 | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €72,389 | €99,857 | €90,844 | €64,884 | €31,781 | ▼ 51.0% |
| Income taxes67/77 | €14,310 | €21,595 | €23,041 | €16,585 | €8,863 | ▼ 46.6% |
| Profit (loss) for the period9904 | €58,080 | €78,262 | €67,803 | €48,299 | €22,918 | ▼ 52.5% |
| Profit (loss) for the period to be appropriated9905 | €58,080 | €78,262 | €67,803 | €48,299 | €22,918 | ▼ 52.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €266,720 | €314,490 | €364,757 | €407,035 | €286,926 | ▼ 29.5% |
| Fixed assets21/28 | €148,441 | €126,939 | €103,941 | €89,964 | €234,783 | ▲ 161% |
| Tangible fixed assets22/27 | €148,342 | €126,840 | €103,842 | €89,865 | €234,634 | ▲ 161% |
| Land and buildings22 | - | - | - | €77,064 | €59,170 | ▼ 23.2% |
| Plant, machinery and equipment23 | - | - | - | €7,416 | €37,632 | ▲ 407% |
| Furniture and vehicles24 | - | - | - | €1,634 | €7,587 | ▲ 364% |
| Leasing and similar rights25 | - | - | - | - | €96,928 | - |
| Other tangible fixed assets26 | - | - | - | €3,751 | €33,317 | ▲ 788% |
| Financial fixed assets28 | €99 | €99 | €99 | €99 | €149 | ▲ 50.5% |
| Current assets29/58 | €118,278 | €187,551 | €260,816 | €317,071 | €52,143 | ▼ 83.6% |
| Amounts receivable within one year40/41 | - | - | €141,089 | €203,981 | €4,149 | ▼ 98.0% |
| Trade receivables40 | - | - | - | €1,103 | €403 | ▼ 63.5% |
| Other amounts receivable41 | - | - | - | €202,878 | €3,746 | ▼ 98.2% |
| Cash at bank and in hand54/58 | €115,044 | €186,005 | €119,727 | €112,768 | €7,744 | ▼ 93.1% |
| Deferred charges and accrued income490/1 | - | - | - | €322 | €40,250 | ▲ 125× |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €266,720 | €314,490 | €364,757 | €407,035 | €286,926 | ▼ 29.5% |
| Equity10/15 | €152,425 | €230,702 | €298,505 | €96,804 | €119,722 | ▲ 23.7% |
| Contributions10/11 | €12,385 | €12,400 | - | €12,400 | €12,400 | = |
| Reserves13 | €139,610 | €139,610 | €139,610 | €38,110 | €38,110 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €36,250 | €36,250 | = |
| Profit (loss) carried forward14 | €431 | €78,692 | €146,495 | €46,294 | €69,212 | ▲ 49.5% |
| Amounts payable17/49 | €114,295 | €83,788 | €66,252 | €310,231 | €167,204 | ▼ 46.1% |
| Amounts payable after more than one year17 | - | - | - | - | €78,360 | - |
| Financial debts170/4 | - | - | - | - | €78,360 | - |
| Amounts payable within one year42/48 | €114,241 | €74,053 | €66,252 | €310,231 | €88,844 | ▼ 71.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €16,980 | - |
| Trade debts44 | €8,054 | €5,749 | €52,559 | €40,311 | €56,232 | ▲ 39.5% |
| Suppliers440/4 | - | - | - | €40,311 | €56,232 | ▲ 39.5% |
| Advances received on contracts in progress46 | - | - | - | €3,634 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €16,286 | €15,632 | ▼ 4.0% |
| Taxes450/3 | - | - | - | €7,541 | €9,053 | ▲ 20.1% |
| Remuneration and social security454/9 | - | - | - | €8,745 | €6,579 | ▼ 24.8% |
| Other amounts payable47/48 | - | - | - | €250,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,080 | €78,262 | €67,803 | €48,299 | €22,918 | ▼ 52.5% |
| + Depreciation and write-downs630 | €53,593 | €32,991 | €27,637 | €22,684 | €25,899 | ▲ 14.2% |
| Operating cash flow (approximation) | €111,673 | €111,253 | €95,440 | €70,983 | €48,817 | ▼ 31.2% |
| Investment in fixed assets (approximation) | - | -€11,489 | -€4,639 | -€8,707 | -€170,718 | ▼ 1,861% |
| Change in cash | - | €70,961 | -€66,278 | -€6,959 | -€105,024 | ▼ 1,409% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | full format | 26-07-2023 | 2023-00281019 | |
| 31-12-2021 | full format | 01-09-2022 | 2022-20425727 | |
| 31-12-2020 | full format | 14-10-2021 | 2021-71900234 | |
| 31-12-2019 | micro format | 13-07-2020 | 2020-32100306 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-52500414 | |
| 31-12-2017 | micro format | 24-05-2018 | 2018-14700120 | |
| 31-12-2016 | micro format | 10-08-2017 | 2017-43200316 | |
| 31-12-2015 | full format | 06-06-2016 | 2016-15800240 | |
| 31-12-2014 | full format | 19-08-2015 | 2015-44000159 | |
| 31-12-2013 | full format | 22-08-2014 | 2014-46200391 |