HANS KEUKENS
Open bankruptcyFinancials · financial year 2023, abbreviated format
Equity
-€85,718
2022 · €106,841
Total assets
€676,465▼ 1.7%
2022 · €688,093
Net result
-€192,559
2022 · €16,747
Working capital
-€112,768
2022 · €86,338
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result turns negative in 2023: a loss of €188,963 after €13,514 in 2022, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€188,963
2023
Net result-€192,559
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€676,465
2023
Equity-€85,718
2023
Debt€762,183
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€112,768
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-28.5%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-12.7%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.85
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2.6
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 31, Manufacture of furniture: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€93,090-€32,937€47,364▲ 43.8%-€79,358€13,514-€188,963
Net result-€93,299-€38,481€51,441within the sector's middle half▲ 33.7%-€80,417below the sector's middle half€16,747within the sector's middle half-€192,559below the sector's middle half
Equity-€69,411--€30,930▲ 55.4%€20,511below the sector's middle half€90,094within the sector's middle half▲ 339%€106,841below the sector's middle half▲ 18.6%-€85,718below the sector's middle half
Total assets€395,811-€502,800▲ 27.0%€598,695within the sector's middle half▲ 19.1%€647,894above the sector's middle half▲ 8.2%€688,093within the sector's middle half▲ 6.2%€676,465within the sector's middle half▼ 1.7%
Debt€465,221-€533,730▲ 14.7%€578,184▲ 8.3%€557,801▼ 3.5%€581,252▲ 4.2%€762,183▲ 31.1%
Working capital-€80,012--€31,687▲ 60.4%€5,975below the sector's middle half€66,856within the sector's middle half▲ 11×€86,338within the sector's middle half▲ 29.1%-€112,768below the sector's middle half
Solvency-17.5%--6.2%▲ 11.4pp3.4%below the sector's middle half▲ 9.6pp13.9%within the sector's middle half▲ 10.5pp15.5%below the sector's middle half▲ 1.6pp-12.7%below the sector's middle half▼ 28.2pp
Current ratio0.82-0.94▲ 0.121.01below the sector's middle half▲ 0.071.12within the sector's middle half▲ 0.111.15within the sector's middle half▲ 0.030.85below the sector's middle half▼ 0.30
Return on assets (ROA)-23.6%-7.7%▲ 31.2pp8.6%within the sector's middle half▲ 0.9pp-12.4%below the sector's middle half▼ 21.0pp2.4%within the sector's middle half▲ 14.8pp-28.5%below the sector's middle half▼ 30.9pp
Staff (FTE)3-4.2▲ 40.0%3.6within the sector's middle half▼ 14.3%5▲ 38.9%4.3within the sector's middle half▼ 14.0%2.6below the sector's middle half▼ 39.5%
above
within
below
the middle half of NACE 31, Manufacture of furniture: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €676,465
Fixed assets
€27,050 ▼ 23.9%
Current assets
€649,415 ▼ 0.5%
Equity and liabilities
Equity-€85,718
Debt€762,183
Equity is negative: debt (€762,183) exceeds the balance-sheet total (€676,465).
Key figures and ratios
EBITDA
-€180,466▼
2022 · €24,461
Cash flow
-€184,062▼
2022 · €27,694
Quick ratio
0.38▼
2022 · 0.43
Interest coverage
-17.04▼
2022 · 5.06
Debt ≤ 1 year
€762,183▲
2022 · €566,207
Income taxes
€102▼
2022 · €266
Staff costs
€167,662▼
2022 · €275,587
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €305,776 | €275,587 | €167,662 | ▼ 39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,065 | €13,358 | €9,249 | €7,077 | €10,947 | €8,497 | ▼ 22.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€7,732 | -€10,548 | -€3,522 | ▲ 66.6% |
| Other operating charges640/8 | - | - | - | €2,557 | €1,271 | €1,991 | ▲ 56.7% |
| Gross operating margin9900 | €82,318 | €301,540 | €275,051 | €228,319 | €290,771 | -€14,334 | - |
| Operating profit (loss)9901 | -€93,090 | €32,937 | €47,364 | -€79,358 | €13,514 | -€188,963 | - |
| Financial income75/76B | - | - | - | €945 | €8,336 | €7,099 | ▼ 14.8% |
| Recurring financial income75 | €1,902 | €8,129 | €7,671 | €945 | €8,336 | €7,099 | ▼ 14.8% |
| Financial charges65/66B | - | - | - | €1,888 | €4,836 | €10,593 | ▲ 119% |
| Recurring financial charges65 | €1,982 | €2,471 | €3,478 | €1,888 | €4,836 | €10,593 | ▲ 119% |
| Profit (loss) for the period before taxes9903 | -€93,171 | €38,595 | €51,557 | -€80,301 | €17,014 | -€192,457 | - |
| Income taxes67/77 | €128 | €114 | €117 | €116 | €266 | €102 | ▼ 61.8% |
| Profit (loss) for the period9904 | -€93,299 | €38,481 | €51,441 | -€80,417 | €16,747 | -€192,559 | - |
| Profit (loss) for the period to be appropriated9905 | -€93,299 | €38,481 | €51,441 | -€80,417 | €16,747 | -€192,559 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €395,811 | €502,800 | €598,695 | €647,894 | €688,093 | €676,465 | ▼ 1.7% |
| Fixed assets21/28 | €25,796 | €16,401 | €30,390 | €44,433 | €35,548 | €27,050 | ▼ 23.9% |
| Tangible fixed assets22/27 | €25,490 | €16,096 | €30,084 | €44,128 | €35,242 | €26,745 | ▼ 24.1% |
| Land and buildings22 | - | - | - | €4,768 | €4,730 | €4,692 | ▼ 0.8% |
| Plant, machinery and equipment23 | - | - | - | €33,473 | €28,317 | €20,973 | ▼ 25.9% |
| Furniture and vehicles24 | - | - | - | €5,887 | €2,195 | €1,080 | ▼ 50.8% |
| Financial fixed assets28 | €305 | €305 | €305 | €305 | €305 | €305 | = |
| Current assets29/58 | €370,015 | €486,399 | €568,305 | €603,461 | €652,545 | €649,415 | ▼ 0.5% |
| Stocks and contracts in progress3 | €303,898 | €311,203 | €354,641 | €422,457 | €409,922 | €358,728 | ▼ 12.5% |
| Stocks30/36 | - | - | - | €422,457 | €409,922 | €358,728 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €61,869 | €143,988 | €166,313 | €169,649 | €231,966 | €261,746 | ▲ 12.8% |
| Trade receivables40 | - | - | - | €169,649 | €231,966 | €258,430 | ▲ 11.4% |
| Other amounts receivable41 | - | - | - | - | - | €3,316 | - |
| Cash at bank and in hand54/58 | €197 | €27,320 | €41,794 | €3,187 | €578 | €19,666 | ▲ 34× |
| Deferred charges and accrued income490/1 | - | - | - | €8,168 | €10,079 | €9,275 | ▼ 8.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €395,811 | €502,800 | €598,695 | €647,894 | €688,093 | €676,465 | ▼ 1.7% |
| Equity10/15 | -€69,411 | -€30,930 | €20,511 | €90,094 | €106,841 | -€85,718 | - |
| Contributions10/11 | €23,000 | €23,000 | - | €173,000 | €173,000 | €173,000 | = |
| Reserves13 | €2,860 | €2,860 | €2,860 | €2,860 | €2,860 | €2,860 | = |
| Non-distributable reserves130/1 | - | - | - | €560 | €560 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €560 | €560 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €2,300 | €2,300 | €2,860 | ▲ 24.3% |
| Profit (loss) carried forward14 | -€95,271 | -€56,790 | -€5,349 | -€85,766 | -€69,019 | -€261,578 | ▼ 279% |
| Amounts payable17/49 | €465,221 | €533,730 | €578,184 | €557,801 | €581,252 | €762,183 | ▲ 31.1% |
| Amounts payable after more than one year17 | €7,458 | €2,921 | €6,305 | €2,755 | €0 | - | - |
| Financial debts170/4 | - | - | - | €2,755 | €0 | - | - |
| Amounts payable within one year42/48 | €450,027 | €518,086 | €562,330 | €536,605 | €566,207 | €762,183 | ▲ 34.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,550 | €2,755 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €150,000 | €152,304 | ▲ 1.5% |
| Credit institutions430/8 | - | - | - | - | €150,000 | €2,304 | ▼ 98.5% |
| Other loans439 | - | - | - | - | - | €150,000 | - |
| Trade debts44 | €239,481 | €297,820 | €282,576 | €364,382 | €240,816 | €242,793 | ▲ 0.8% |
| Suppliers440/4 | - | - | - | €364,382 | €240,816 | €242,793 | ▲ 0.8% |
| Taxes, remuneration and social security45 | - | - | - | €38,542 | €21,017 | €34,676 | ▲ 65.0% |
| Taxes450/3 | - | - | - | €8,037 | €3,690 | €13,407 | ▲ 263% |
| Remuneration and social security454/9 | - | - | - | €30,505 | €17,327 | €21,269 | ▲ 22.8% |
| Other amounts payable47/48 | - | - | - | €130,130 | €151,620 | €332,410 | ▲ 119% |
| Accrued charges and deferred income492/3 | - | - | - | €18,441 | €15,045 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€93,299 | €38,481 | €51,441 | -€80,417 | €16,747 | -€192,559 | - |
| + Depreciation and write-downs630 | €23,065 | €13,358 | €9,249 | €7,077 | €10,947 | €8,497 | ▼ 22.4% |
| Operating cash flow (approximation) | -€70,234 | €51,839 | €60,690 | -€73,341 | €27,694 | -€184,062 | - |
| Investment in fixed assets (approximation) | - | -€3,963 | -€23,238 | -€21,120 | -€2,061 | €0 | - |
| Change in cash | - | €27,123 | €14,474 | -€38,607 | -€2,609 | €19,088 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 31-05-2024 | 2024-00102908 |
| 31-12-2022 | abbreviated format | 06-07-2023 | 2023-00208359 |
| 31-12-2021 | micro format | 01-08-2022 | 2022-20266834 |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-28800469 |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-23100041 |
| 31-12-2018 | abbreviated format | 28-06-2019 | 2019-24900085 |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-35500337 |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-18300528 |
| 31-12-2015 | abbreviated format | 12-09-2016 | 2016-59500110 |
| 31-12-2014 | abbreviated format | 11-09-2015 | 2015-58400318 |
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Of the 1,459 active companies whose main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004), figures are known for 624. 210 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 · 1 entry · €32 awarded · €32 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.