HIBER TECH
Open bankruptcyFinancials · financial year 2022, micro format
Turnover
≈ €820,000
Estimated: probably between €620,000 and €1.1m
Total assets
€107,096▼ 31.2%
2021 · €155,711
Net result
-€109,455
2021 · €13,211
Working capital
-€85,411
2021 · €24,919
Trend over the years
2020 to 2022, 3 financial years
The operating result turns negative in 2022: a loss of €80,706 after €41,495 in 2021, 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-€80,706
2022
Net result-€109,455
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€107,096
2022
Equity-€36,057
2022
Debt€143,153
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€85,411
2022
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)-102.2%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-33.7%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.40
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)9.3
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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
Line202020212022
Operating result€87,823-€41,495▼ 52.8%-€80,706
Net result€59,187above the sector's middle half-€13,211within the sector's middle half▼ 77.7%-€109,455below the sector's middle half
Equity€60,187within the sector's middle half-€73,398within the sector's middle half▲ 22.0%-€36,057below the sector's middle half
Total assets€141,206within the sector's middle half-€155,711within the sector's middle half▲ 10.3%€107,096within the sector's middle half▼ 31.2%
Debt€81,019-€82,313▲ 1.6%€143,153▲ 73.9%
Working capital€30,996within the sector's middle half-€24,919within the sector's middle half▼ 19.6%-€85,411below the sector's middle half
Solvency42.6%within the sector's middle half-47.1%within the sector's middle half▲ 4.5pp-33.7%below the sector's middle half▼ 80.8pp
Current ratio1.47within the sector's middle half-1.30within the sector's middle half▼ 0.160.40below the sector's middle half▼ 0.90
Return on assets (ROA)41.9%above the sector's middle half-8.5%within the sector's middle half▼ 33.4pp-102.2%below the sector's middle half▼ 110.7pp
Staff (FTE)3.1above the sector's middle half-9.3
above
within
below
the middle half of NACE 43, Specialised construction activities: 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 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 €107,096
Fixed assets
€49,354 ▲ 1.8%
Current assets
€57,743 ▼ 46.2%
Equity and liabilities
Equity-€36,057
Debt€143,153
Equity is negative: debt (€143,153) exceeds the balance-sheet total (€107,096).
Key figures and ratios
EBITDA
-€65,892▼
2021 · €52,380
Cash flow
-€94,641▼
2021 · €24,096
Interest coverage
-2.36▼
2021 · 1.97
Debt ≤ 1 year
€143,153▲
2021 · €82,313
Income taxes
€801▼
2021 · €6,803
Staff costs
€387,092▲
2021 · €256,371
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 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | €256,371 | €387,092 | ▲ 51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,397 | €10,885 | €14,814 | ▲ 36.1% |
| Other operating charges640/8 | - | €4,885 | €8,120 | ▲ 66.2% |
| Gross operating margin9900 | €215,088 | €313,636 | €329,320 | ▲ 5.0% |
| Operating profit (loss)9901 | €87,823 | €41,495 | -€80,706 | - |
| Financial income75/76B | - | €5,110 | €6 | ▼ 99.9% |
| Recurring financial income75 | €397 | €6 | €6 | ▲ 5.4% |
| Non-recurring financial income76B | - | €5,104 | - | - |
| Financial charges65/66B | - | €26,590 | €27,954 | ▲ 5.1% |
| Recurring financial charges65 | €14,381 | €26,590 | €27,954 | ▲ 5.1% |
| Profit (loss) for the period before taxes9903 | €73,839 | €20,015 | -€108,654 | - |
| Income taxes67/77 | €14,652 | €6,803 | €801 | ▼ 88.2% |
| Profit (loss) for the period9904 | €59,187 | €13,211 | -€109,455 | - |
| Profit (loss) for the period to be appropriated9905 | €59,187 | €13,211 | -€109,455 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €141,206 | €155,711 | €107,096 | ▼ 31.2% |
| Fixed assets21/28 | €43,694 | €48,479 | €49,354 | ▲ 1.8% |
| Tangible fixed assets22/27 | €43,694 | €46,729 | €47,604 | ▲ 1.9% |
| Plant, machinery and equipment23 | - | €1,468 | €3,687 | ▲ 151% |
| Furniture and vehicles24 | - | €45,262 | €32,229 | ▼ 28.8% |
| Other tangible fixed assets26 | - | - | €11,687 | - |
| Financial fixed assets28 | - | €1,750 | €1,750 | = |
| Current assets29/58 | €97,512 | €107,232 | €57,743 | ▼ 46.2% |
| Amounts receivable within one year40/41 | €90,747 | €50,613 | €52,896 | ▲ 4.5% |
| Trade receivables40 | - | €9,320 | €24,332 | ▲ 161% |
| Other amounts receivable41 | - | €41,293 | €28,564 | ▼ 30.8% |
| Cash at bank and in hand54/58 | €5,505 | €50,361 | €50 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | €6,258 | €4,797 | ▼ 23.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €141,206 | €155,711 | €107,096 | ▼ 31.2% |
| Equity10/15 | €60,187 | €73,398 | -€36,057 | - |
| Contributions10/11 | - | €1,000 | €1,000 | = |
| Reserves13 | €20,000 | €20,000 | €20,000 | = |
| Distributable reserves133 | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €39,187 | €52,398 | -€57,057 | - |
| Amounts payable17/49 | €81,019 | €82,313 | €143,153 | ▲ 73.9% |
| Amounts payable within one year42/48 | €66,516 | €82,313 | €143,153 | ▲ 73.9% |
| Financial debts43 | - | - | €46,486 | - |
| Credit institutions430/8 | - | - | €46,486 | - |
| Trade debts44 | €20,164 | €16,478 | €45,570 | ▲ 177% |
| Suppliers440/4 | - | €16,478 | €45,570 | ▲ 177% |
| Taxes, remuneration and social security45 | - | €65,835 | €45,765 | ▼ 30.5% |
| Taxes450/3 | - | €43,769 | €1,342 | ▼ 96.9% |
| Remuneration and social security454/9 | - | €22,065 | €44,423 | ▲ 101% |
| Other amounts payable47/48 | - | - | €5,332 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,187 | €13,211 | -€109,455 | - |
| + Depreciation and write-downs630 | €2,397 | €10,885 | €14,814 | ▲ 36.1% |
| Operating cash flow (approximation) | €61,585 | €24,096 | -€94,641 | - |
| Investment in fixed assets (approximation) | - | -€15,670 | -€15,688 | ▼ 0.1% |
| Change in cash | - | €44,856 | -€50,311 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 12-07-2023 | 2023-00227462 |
| 31-12-2021 | micro format | 09-11-2022 | 2022-20517397 |
| 31-12-2020 | micro format | 13-10-2021 | 2021-71900598 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,107 active companies whose main activity is electrical installation work in industrial facilities (NACE 43212), figures are known for 431. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.