HIGHSKY
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 104 days after the deadline Filed on 12 November 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00533271.
Annual accounts 2023 filed on 12-11-2024 PDF all 29 filings
Turnover
≈ €12,000
Estimated: probably between €5,300 and €20,000
Total assets
€15,413▼ 65.1%
2022 · €44,183
Net result
€1,186▼ 95.4%
2022 · €25,690
Working capital
-€3,580▲ 24.9%
2022 · -€4,766
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€1,339
▼ 94.5%
2023
20182023
Net result
€1,186
▼ 95.4%
2023
middle half of the sector
20182023
Equity
-€177,698
▲ 0.7%
2023
lowest quarter of the sector
20182023
Total assets
€15,413
▼ 65.1%
2023
lowest quarter of the sector
20182023
Debt
€193,111
▼ 13.4%
2023
20182023
Working capital
-€3,580
▲ 24.9%
2023
middle half of the sector
20182023
Solvency
no figure
2023
20182023
Current ratio
0.81
▼ 0.09
2023
middle half of the sector
20182023
Return on assets (ROA)
7.7%
▼ 50.4pp
2023
middle half of the sector
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€6,088--€5,815▲ 4.5%-€9,125▼ 56.9%-€6,127▲ 32.9%€24,549€1,339▼ 94.5%
Net result-€6,256--€5,815▲ 7.0%-€9,368below the sector's middle half▼ 61.1%-€7,438below the sector's middle half▲ 20.6%€25,690above the sector's middle half€1,186within the sector's middle half▼ 95.4%
Equity-€181,953--€187,768▼ 3.2%-€197,136below the sector's middle half▼ 5.0%-€204,574below the sector's middle half▼ 3.8%-€178,884below the sector's middle half▲ 12.6%-€177,698below the sector's middle half▲ 0.7%
Total assets€30,661-€33,995▲ 10.9%€24,194below the sector's middle half▼ 28.8%€28,237below the sector's middle half▲ 16.7%€44,183below the sector's middle half▲ 56.5%€15,413below the sector's middle half▼ 65.1%
Debt€212,614-€221,763▲ 4.3%€221,330▼ 0.2%€232,811▲ 5.2%€223,067▼ 4.2%€193,111▼ 13.4%
Working capital-€10,041--€13,668▼ 36.1%-€23,018below the sector's middle half▼ 68.4%-€30,456below the sector's middle half▼ 32.3%-€4,766within the sector's middle half▲ 84.4%-€3,580within the sector's middle half▲ 24.9%
Solvency-593.4%--552.3%▲ 41.1pp-814.8%below the sector's middle half▼ 262.5pp-724.5%below the sector's middle half▲ 90.3pp-404.9%below the sector's middle half▲ 319.6pp
Current ratio0.75-0.71▼ 0.040.51below the sector's middle half▼ 0.200.48below the sector's middle half▼ 0.030.90within the sector's middle half▲ 0.420.81within the sector's middle half▼ 0.09
Return on assets (ROA)-20.4%--17.1%▲ 3.3pp-38.7%below the sector's middle half▼ 21.6pp-26.3%below the sector's middle half▲ 12.4pp58.1%above the sector's middle half▲ 84.5pp7.7%within the sector's middle half▼ 50.4pp
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 95% lower than in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
Quick ratio
0.25▼
2022 · 0.68
Debt ≤ 1 year
€18,993▼
2022 · €48,949
Debt > 1 year
€174,118=
2022 · €174,118
A ratio outside any meaningful range has been withheld (balance sheet total €15,413, equity -€177,698).
Debt to equity is not shown because equity is negative. Debt divided by negative 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 |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €711 | €137 | €62 | ▼ 54.7% |
| Gross operating margin9900 | -€5,926 | -€5,340 | -€4,406 | -€5,416 | €24,686 | €1,401 | ▼ 94.3% |
| Operating profit (loss)9901 | -€6,088 | -€5,815 | -€9,125 | -€6,127 | €24,549 | €1,339 | ▼ 94.5% |
| Financial income75/76B | - | - | - | - | €1,141 | - | - |
| Recurring financial income75 | - | - | - | - | €1,141 | - | - |
| Financial charges65/66B | - | - | - | €1,311 | - | €153 | - |
| Recurring financial charges65 | €168 | - | €243 | €153 | - | €153 | - |
| Non-recurring financial charges66B | - | - | - | €1,158 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€6,256 | -€5,815 | -€9,368 | -€7,438 | €25,690 | €1,186 | ▼ 95.4% |
| Profit (loss) for the period9904 | -€6,256 | -€5,815 | -€9,368 | -€7,438 | €25,690 | €1,186 | ▼ 95.4% |
| Profit (loss) for the period to be appropriated9905 | -€6,256 | -€5,815 | -€9,368 | -€7,438 | €25,690 | €1,186 | ▼ 95.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €30,661 | €33,995 | €24,194 | €28,237 | €44,183 | €15,413 | ▼ 65.1% |
| Current assets29/58 | €30,661 | €33,995 | €24,194 | €28,237 | €44,183 | €15,413 | ▼ 65.1% |
| Stocks and contracts in progress3 | €27,290 | €27,290 | €22,631 | €19,473 | €10,657 | €10,657 | = |
| Stocks30/36 | - | - | - | €19,473 | €10,657 | €10,657 | = |
| Amounts receivable within one year40/41 | €2,511 | €2,117 | €1,297 | €2,551 | €26,851 | €447 | ▼ 98.3% |
| Trade receivables40 | - | - | - | - | €997 | - | - |
| Other amounts receivable41 | - | - | - | €2,551 | €25,854 | €447 | ▼ 98.3% |
| Cash at bank and in hand54/58 | €860 | €4,410 | €266 | €6,213 | €6,675 | €4,309 | ▼ 35.4% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €30,661 | €33,995 | €24,194 | €28,237 | €44,183 | €15,413 | ▼ 65.1% |
| Equity10/15 | -€181,953 | -€187,768 | -€197,136 | -€204,574 | -€178,884 | -€177,698 | ▲ 0.7% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€202,404 | -€208,219 | -€217,587 | -€225,025 | -€199,335 | -€198,149 | ▲ 0.6% |
| Amounts payable17/49 | €212,614 | €221,763 | €221,330 | €232,811 | €223,067 | €193,111 | ▼ 13.4% |
| Amounts payable after more than one year17 | €171,912 | €174,100 | €174,118 | €174,118 | €174,118 | €174,118 | = |
| Financial debts170/4 | - | - | - | €174,118 | €174,118 | €174,118 | = |
| Amounts payable within one year42/48 | €40,702 | €47,663 | €47,212 | €58,693 | €48,949 | €18,993 | ▼ 61.2% |
| Trade debts44 | €26,099 | €23,524 | €15,912 | €17,612 | €16,909 | €2,625 | ▼ 84.5% |
| Suppliers440/4 | - | - | - | €17,612 | €16,909 | €2,625 | ▼ 84.5% |
| Taxes, remuneration and social security45 | - | - | - | - | €4,515 | - | - |
| Taxes450/3 | - | - | - | - | €4,515 | - | - |
| Other amounts payable47/48 | - | - | - | €41,081 | €27,525 | €16,368 | ▼ 40.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,256 | -€5,815 | -€9,368 | -€7,438 | €25,690 | €1,186 | ▼ 95.4% |
| Operating cash flow (approximation) | -€6,256 | -€5,815 | -€9,368 | -€7,438 | €25,690 | €1,186 | ▼ 95.4% |
| Change in cash | - | €3,550 | -€4,144 | €5,947 | €462 | -€2,366 | - |
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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 12-11-2024 | 2024-00533271 | |
| 31-12-2022 | micro format | 11-12-2023 | 2023-00528962 | |
| 31-12-2021 | micro format | 20-10-2022 | 2022-20467692 | |
| 31-12-2020 | micro format | 18-11-2021 | 2021-77800230 | |
| 31-12-2019 | micro format | 16-04-2021 | 2021-10500309 | |
| 31-12-2018 | micro format | 25-11-2019 | 2019-74300180 | |
| 31-12-2017 | micro format | 31-10-2018 | 2018-71400588 | |
| 31-12-2016 | micro format | 12-10-2017 | 2017-67200390 | |
| 31-12-2015 | abbreviated format | 27-01-2017 | 2017-03400261 | |
| 31-12-2014 | abbreviated format | 15-06-2015 | 2015-17800190 |