HIGH-TECH SOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of HIGH-TECH SOLUTION is 2.3% (moderate). For HIGH-TECH SOLUTION, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €158,746 and a net result of €57,953. Equity is growing by about 63% per year across the filed financial years. The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2022, micro format
Turnover
€193,128▲ 161%
2020 · €74,086
EBIT margin
49.5%▲ 32.2pp
2020 · 17.4%
Net result
€57,953▼ 10.8%
2021 · €64,936
Working capital
€151,260▲ 68.8%
2021 · €89,605
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result falls in 2022; 2022 is 27% below 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€193,128
2021
Operating result€70,303
2022
Net result€57,953
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€221,376
2022
Equity€158,746
2022
Debt€62,630
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€151,260
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin49.5%
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€135,895-€94,841▼ 30.2%€74,086▼ 21.9%€193,128▲ 161%
Operating result-€7,736-€19,665€12,856▼ 34.6%€95,658▲ 644%€70,303▼ 26.5%
Net result-€13,208-€3,012€9,973▲ 231%€64,936▲ 551%€57,953▼ 10.8%
EBIT margin-5.7%-20.7%▲ 26.4pp17.4%▼ 3.4pp49.5%▲ 32.2pp
Equity€22,872-€25,883▲ 13.2%€35,857▲ 38.5%€100,793▲ 181%€158,746▲ 57.5%
Total assets€42,828-€52,259▲ 22.0%€64,655▲ 23.7%€172,025▲ 166%€221,376▲ 28.7%
Debt€19,956-€26,376▲ 32.2%€28,798▲ 9.2%€71,232▲ 147%€62,630▼ 12.1%
Working capital€5,116-€19,688▲ 285%€24,083▲ 22.3%€89,605▲ 272%€151,260▲ 68.8%
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €221,376
Fixed assets
€7,486 ▼ 33.1%
Current assets
€213,890 ▲ 33.0%
Equity and liabilities €221,376
Equity
€158,746 ▲ 57.5%
Debt
€62,630 ▼ 12.1%
Debt's share of the balance-sheet total falls from 41.4% to 28.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74,643▼
2021 · €101,177
Cash flow
€62,293▼
2021 · €70,455
Current ratio
3.42▲
2021 · 2.26
Debt to equity
0.39▼
2021 · 0.71
ROE
36.5%▼
2021 · 64.4%
ROA
26.2%▼
2021 · 37.7%
Interest coverage
40.41▼
2021 · over 100
Debt ≤ 1 year
€62,630▼
2021 · €71,232
Income taxes
€20,134▼
2021 · €33,991
Staff costs
€101
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 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €135,895 | €94,841 | €74,086 | €193,128 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €93,661 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €101 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,465 | €4,632 | €4,298 | €5,519 | €4,339 | ▼ 21.4% |
| Other operating charges640/8 | - | - | - | €9,263 | €2,065 | ▼ 77.7% |
| Gross operating margin9900 | €8,341 | €29,083 | €20,758 | €110,439 | €76,808 | ▼ 30.5% |
| Operating profit (loss)9901 | -€7,736 | €19,665 | €12,856 | €95,658 | €70,303 | ▼ 26.5% |
| Financial income75/76B | - | - | - | €4,177 | €9,632 | ▲ 131% |
| Recurring financial income75 | €1,149 | €904 | €2,208 | €4,177 | €9,632 | ▲ 131% |
| Financial charges65/66B | - | - | - | €908 | €1,847 | ▲ 104% |
| Recurring financial charges65 | €1,525 | €1,126 | €1,117 | €908 | €1,847 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | -€8,112 | €19,444 | €13,947 | €98,927 | €78,088 | ▼ 21.1% |
| Income taxes67/77 | €5,096 | €16,432 | €3,974 | €33,991 | €20,134 | ▼ 40.8% |
| Profit (loss) for the period9904 | -€13,208 | €3,012 | €9,973 | €64,936 | €57,953 | ▼ 10.8% |
| Profit (loss) for the period to be appropriated9905 | -€13,208 | €3,012 | €9,973 | €64,936 | €57,953 | ▼ 10.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,828 | €52,259 | €64,655 | €172,025 | €221,376 | ▲ 28.7% |
| Fixed assets21/28 | €17,756 | €6,196 | €11,774 | €11,187 | €7,486 | ▼ 33.1% |
| Tangible fixed assets22/27 | €17,756 | €6,196 | €11,774 | €11,187 | €7,486 | ▼ 33.1% |
| Plant, machinery and equipment23 | - | - | - | - | €1,818 | - |
| Furniture and vehicles24 | - | - | - | €11,187 | €5,668 | ▼ 49.3% |
| Current assets29/58 | €25,072 | €46,064 | €52,881 | €160,837 | €213,890 | ▲ 33.0% |
| Amounts receivable within one year40/41 | €14,902 | €44,753 | €46,105 | €140,995 | €196,797 | ▲ 39.6% |
| Trade receivables40 | - | - | - | €36,946 | €21,677 | ▼ 41.3% |
| Other amounts receivable41 | - | - | - | €104,049 | €175,121 | ▲ 68.3% |
| Cash at bank and in hand54/58 | €7,031 | - | €6,776 | €18,395 | €16,207 | ▼ 11.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,447 | €886 | ▼ 38.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,828 | €52,259 | €64,655 | €172,025 | €221,376 | ▲ 28.7% |
| Equity10/15 | €22,872 | €25,883 | €35,857 | €100,793 | €158,746 | ▲ 57.5% |
| Contributions10/11 | €10,000 | €10,000 | - | €10,000 | €10,000 | = |
| Reserves13 | €10,038 | €10,038 | €10,038 | €10,038 | €10,038 | = |
| Non-distributable reserves130/1 | - | - | - | €10,038 | €10,038 | = |
| Reserves not available under the articles1311 | - | - | - | €10,038 | €10,038 | = |
| Profit (loss) carried forward14 | €2,833 | €5,845 | €15,818 | €80,754 | €138,708 | ▲ 71.8% |
| Amounts payable17/49 | €19,956 | €26,376 | €28,798 | €71,232 | €62,630 | ▼ 12.1% |
| Amounts payable within one year42/48 | €19,956 | €26,376 | €28,798 | €71,232 | €62,630 | ▼ 12.1% |
| Financial debts43 | - | - | - | €1,749 | €1,178 | ▼ 32.6% |
| Credit institutions430/8 | - | - | - | €1,749 | €1,178 | ▼ 32.6% |
| Trade debts44 | €815 | €2,708 | €1,864 | €7,812 | €5,817 | ▼ 25.5% |
| Suppliers440/4 | - | - | - | €7,812 | €5,817 | ▼ 25.5% |
| Taxes, remuneration and social security45 | - | - | - | €61,671 | €55,634 | ▼ 9.8% |
| Taxes450/3 | - | - | - | €61,671 | €55,634 | ▼ 9.8% |
| Other amounts payable47/48 | - | - | - | €0 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,208 | €3,012 | €9,973 | €64,936 | €57,953 | ▼ 10.8% |
| + Depreciation and write-downs630 | €11,465 | €4,632 | €4,298 | €5,519 | €4,339 | ▼ 21.4% |
| Operating cash flow (approximation) | -€1,743 | €7,644 | €14,271 | €70,455 | €62,293 | ▼ 11.6% |
| Investment in fixed assets (approximation) | - | €6,928 | -€9,876 | -€4,932 | -€638 | ▲ 87.1% |
| Change in cash | - | - | - | €11,619 | -€2,188 | ▼ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.