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InactiveFinancials · financial year 2021, full format
Annual accounts 2021 filed on 21-03-2022 PDF all 17 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €2.1m
Estimated: probably between €1.3m and €3.5m
EBIT margin
Not included in this filing
Net result
€398,695▲ 20.1%
2020 · €331,946
Working capital
€313,200▲ 79.6%
2020 · €174,424
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€505,885
▲ 16.0%
2021
20182021
Net result
€398,695
▲ 20.1%
2021
20182021
Equity
€316,084
▼ 9.3%
2021
20182021
Total assets
€607,103
▼ 24.6%
2021
20182021
Debt
€291,018
▼ 36.3%
2021
20182021
Working capital
€313,200
▲ 79.6%
2021
20182021
Staff (FTE)
6.8
▼ 19.0%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.4m-€0.5m▲ 33.3%€0.4m▼ 7.0%€0.5m▲ 16.0%
Net result€0.2m-€0.3m▲ 35.7%€0.3m▼ 1.0%€0.4m▲ 20.1%
Equity€0.8m-€1.0m▲ 23.2%€0.3m▼ 65.8%€0.3m▼ 9.3%
Total assets€1.0m-€1.3m▲ 36.7%€0.8m▼ 38.9%€0.6m▼ 24.6%
Debt€0.1m-€0.3m▲ 118%€0.5m▲ 52.3%€0.3m▼ 36.3%
Working capital€0.6m-€0.8m▲ 35.3%€0.2m▼ 79.1%€0.3m▲ 79.6%
Staff (FTE)8.6-8.9▲ 3.5%8.4▼ 5.6%6.8▼ 19.0%
The operating result for 2021 is 16% higher than in 2020 and the highest since 2018. It is a recovery after the fall in 2020.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €607,103
Fixed assets
€2,885 ▼ 98.4%
Current assets
€604,218 ▼ 4.1%
Equity and liabilities €607,103
Equity
€316,084 ▼ 9.3%
Debt
€291,018 ▼ 36.3%
Debt's share of the balance-sheet total falls from 56.7% to 47.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€538,283▲
2020 · €476,777
Cash flow
€431,092▲
2020 · €372,800
Current ratio
2.08▲
2020 · 1.38
Quick ratio
1.72▲
2020 · 1.20
ROE
126.1%▲
2020 · 95.3%
ROA
65.7%▲
2020 · 41.2%
Debt ≤ 1 year
€291,018▼
2020 · €455,848
Income taxes
€127,050▲
2020 · €107,970
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,689 | €42,199 | €40,855 | €32,397 | ▼ 20.7% |
| Gross operating margin9900 | €788,945 | €910,107 | €824,339 | €883,631 | ▲ 7.2% |
| Operating profit (loss)9901 | €351,640 | €468,804 | €435,922 | €505,885 | ▲ 16.0% |
| Recurring financial income75 | €10,631 | €12,053 | €8,550 | €21,040 | ▲ 146% |
| Recurring financial charges65 | €1,663 | €2,681 | €4,557 | €1,180 | ▼ 74.1% |
| Profit (loss) for the period before taxes9903 | €360,607 | €478,176 | €439,916 | €525,744 | ▲ 19.5% |
| Income taxes67/77 | €113,547 | €142,968 | €107,970 | €127,050 | ▲ 17.7% |
| Profit (loss) for the period9904 | €247,060 | €335,208 | €331,946 | €398,695 | ▲ 20.1% |
| Profit (loss) for the period to be appropriated9905 | €185,116 | €335,208 | €331,946 | €476,195 | ▲ 43.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.0m | €1.3m | €0.8m | €0.6m | ▼ 24.6% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.003m | ▼ 98.4% |
| Intangible fixed assets21 | €0.001m | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.002m | ▼ 98.7% |
| Financial fixed assets28 | €496 | €496 | €496 | €0.001m | ▲ 18.5% |
| Current assets29/58 | €0.7m | €1.1m | €0.6m | €0.6m | ▼ 4.1% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.08m | €0.1m | ▲ 23.1% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 37.0% |
| Current investments50/53 | €0 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €0.3m | €0.7m | €0.2m | €0.3m | ▲ 27.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.0m | €1.3m | €0.8m | €0.6m | ▼ 24.6% |
| Equity10/15 | €0.8m | €1.0m | €0.3m | €0.3m | ▼ 9.3% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.7m | €0.9m | €0.2m | €0.2m | ▼ 6.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.1m | €0.3m | €0.5m | €0.3m | ▼ 36.3% |
| Amounts payable after more than one year17 | €0.007m | €0.004m | €0.001m | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.3m | €0.5m | €0.3m | ▼ 36.2% |
| Trade debts44 | €0.04m | €0.02m | €0.02m | €0.01m | ▼ 39.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €247,060 | €335,208 | €331,946 | €398,695 | ▲ 20.1% |
| + Depreciation and write-downs630 | €45,689 | €42,199 | €40,855 | €32,397 | ▼ 20.7% |
| Operating cash flow (approximation) | €292,749 | €377,407 | €372,800 | €431,092 | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | -€13,058 | -€27,716 | €139,575 | - |
| Change in cash | - | €328,451 | -€436,925 | €59,212 | - |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | full format | 21-03-2022 | 2022-08200309 | |
| 31-12-2020 | full format | 10-06-2021 | 2021-18700471 | |
| 31-12-2019 | full format | 22-09-2020 | 2020-54600366 | |
| 31-12-2018 | full format | 21-05-2019 | 2019-13900167 | |
| 31-12-2017 | full format | 10-07-2018 | 2018-32200032 | |
| 31-12-2016 | full format | 17-05-2017 | 2017-12300394 | |
| 31-12-2015 | full format | 12-05-2016 | 2016-11900438 | |
| 31-12-2014 | full format | 13-05-2015 | 2015-11900099 | |
| 31-12-2013 | full format | 20-05-2014 | 2014-12900379 | |
| 31-12-2012 | full format | 06-05-2013 | 2013-11200277 |