HTD
InactiveFinancials · financial year 2022, full format
Turnover
≈ €1.5m
Estimated: probably between €910,000 and €2.6m
EBIT margin
Not included in this filing
Net result
€162,596▲ 289%
2021 · €41,807
Working capital
€143,801▲ 42.1%
2021 · €101,183
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 185% above 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€195,929
2022
Net result€162,596
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€612,493
2022
Equity€225,589
2022
Debt€386,904
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€143,801
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)11.8
2022
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
Operating result€163,863-€220,309▲ 34.4%€17,811▼ 91.9%€68,699▲ 286%€195,929▲ 185%
Net result€135,827-€188,951▲ 39.1%€17,723▼ 90.6%€41,807▲ 136%€162,596▲ 289%
Equity€238,075-€271,605▲ 14.1%€223,186▼ 17.8%€216,493▼ 3.0%€225,589▲ 4.2%
Total assets€724,554-€885,222▲ 22.2%€738,325▼ 16.6%€678,804▼ 8.1%€612,493▼ 9.8%
Debt€486,479-€613,617▲ 26.1%€515,139▼ 16.0%€462,311▼ 10.3%€386,904▼ 16.3%
Working capital€122,860-€79,402▼ 35.4%€66,227▼ 16.6%€101,183▲ 52.8%€143,801▲ 42.1%
Staff (FTE)8.9-13.7▲ 53.9%13.7=12.2▼ 10.9%11.8▼ 3.3%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €612,493
Fixed assets
€132,108 ▼ 27.8%
Current assets
€480,385 ▼ 3.1%
Equity and liabilities €612,493
Equity
€225,589 ▲ 4.2%
Debt
€386,904 ▼ 16.3%
Debt's share of the balance-sheet total falls from 68.1% to 63.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€247,288▲
2021 · €122,215
Cash flow
€213,955▲
2021 · €95,323
Current ratio
1.43▲
2021 · 1.26
Quick ratio
1.09▲
2021 · 0.98
Debt to equity
1.72▼
2021 · 2.14
ROE
72.1%▲
2021 · 19.3%
ROA
26.5%▲
2021 · 6.2%
Interest coverage
10.13▲
2021 · 4.72
Debt ≤ 1 year
€336,583▼
2021 · €394,720
Debt > 1 year
€42,738▼
2021 · €57,034
Income taxes
€20,560▲
2021 · €12,521
Staff costs
€392,649▲
2021 · €328,121
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €328,121 | €392,649 | ▲ 19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,077 | €64,462 | €65,011 | €53,516 | €51,359 | ▼ 4.0% |
| Other operating charges640/8 | - | - | - | €3,324 | €2,744 | ▼ 17.4% |
| Gross operating margin9900 | €520,842 | €720,278 | €414,232 | €453,660 | €642,681 | ▲ 41.7% |
| Operating profit (loss)9901 | €163,863 | €220,309 | €17,811 | €68,699 | €195,929 | ▲ 185% |
| Financial income75/76B | - | - | - | €11,531 | €11,638 | ▲ 0.9% |
| Recurring financial income75 | €7,741 | €5,690 | €15,313 | €11,531 | €11,638 | ▲ 0.9% |
| Financial charges65/66B | - | - | - | €25,902 | €24,411 | ▼ 5.8% |
| Recurring financial charges65 | €16,778 | €5,317 | €13,225 | €25,902 | €24,411 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €154,605 | €220,682 | €19,899 | €54,328 | €183,156 | ▲ 237% |
| Income taxes67/77 | €18,778 | €31,731 | €2,176 | €12,521 | €20,560 | ▲ 64.2% |
| Profit (loss) for the period9904 | €135,827 | €188,951 | €17,723 | €41,807 | €162,596 | ▲ 289% |
| Profit (loss) for the period to be appropriated9905 | €135,827 | €188,951 | €17,723 | €41,807 | €162,596 | ▲ 289% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €724,554 | €885,222 | €738,325 | €678,804 | €612,493 | ▼ 9.8% |
| Fixed assets21/28 | €166,287 | €281,938 | €234,750 | €182,901 | €132,108 | ▼ 27.8% |
| Tangible fixed assets22/27 | €118,226 | €233,154 | €185,419 | €133,053 | €81,694 | ▼ 38.6% |
| Plant, machinery and equipment23 | - | - | - | €72,788 | €38,496 | ▼ 47.1% |
| Furniture and vehicles24 | - | - | - | €32,243 | €22,491 | ▼ 30.2% |
| Other tangible fixed assets26 | - | - | - | €28,022 | €20,707 | ▼ 26.1% |
| Financial fixed assets28 | €48,061 | €48,784 | €49,331 | €49,848 | €50,414 | ▲ 1.1% |
| Current assets29/58 | €558,267 | €603,284 | €503,575 | €495,903 | €480,385 | ▼ 3.1% |
| Amounts receivable after more than one year29 | - | - | - | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | - | - | €100,000 | €100,000 | = |
| Stocks and contracts in progress3 | €47,745 | €105,592 | €92,701 | €108,500 | €114,116 | ▲ 5.2% |
| Stocks30/36 | - | - | - | €108,500 | €114,116 | ▲ 5.2% |
| Amounts receivable within one year40/41 | €184,179 | €336,206 | €164,864 | €118,065 | €85,098 | ▼ 27.9% |
| Trade receivables40 | - | - | - | €8,358 | €429 | ▼ 94.9% |
| Other amounts receivable41 | - | - | - | €109,707 | €84,670 | ▼ 22.8% |
| Current investments50/53 | - | - | €37,245 | €37,245 | €37,245 | = |
| Cash at bank and in hand54/58 | €52,797 | €89,083 | €71,256 | €97,349 | €105,770 | ▲ 8.7% |
| Deferred charges and accrued income490/1 | - | - | - | €34,744 | €38,155 | ▲ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €724,554 | €885,222 | €738,325 | €678,804 | €612,493 | ▼ 9.8% |
| Equity10/15 | €238,075 | €271,605 | €223,186 | €216,493 | €225,589 | ▲ 4.2% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | - | - | €150,000 | €150,000 | = |
| Issued capital100 | - | - | - | €150,000 | €150,000 | = |
| Reserves13 | €44,000 | €44,000 | €44,000 | €44,000 | €59,000 | ▲ 34.1% |
| Non-distributable reserves130/1 | - | - | - | €15,000 | €15,000 | = |
| Legal reserve130 | - | - | - | €15,000 | €15,000 | = |
| Distributable reserves133 | - | - | - | €29,000 | €44,000 | ▲ 51.7% |
| Profit (loss) carried forward14 | €44,075 | €58,026 | €749 | €2,556 | €5,152 | ▲ 102% |
| Investment grants15 | - | - | - | €19,937 | €11,437 | ▼ 42.6% |
| Amounts payable17/49 | €486,479 | €613,617 | €515,139 | €462,311 | €386,904 | ▼ 16.3% |
| Amounts payable after more than one year17 | €30,364 | €83,482 | €71,152 | €57,034 | €42,738 | ▼ 25.1% |
| Financial debts170/4 | - | - | - | €57,034 | €42,738 | ▼ 25.1% |
| Amounts payable within one year42/48 | €435,407 | €523,882 | €437,348 | €394,720 | €336,583 | ▼ 14.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,118 | €14,296 | ▲ 1.3% |
| Trade debts44 | €51,782 | €103,337 | €164,981 | €194,821 | €89,765 | ▼ 53.9% |
| Suppliers440/4 | - | - | - | €194,821 | €89,765 | ▼ 53.9% |
| Advances received on contracts in progress46 | - | - | - | - | €454 | - |
| Taxes, remuneration and social security45 | - | - | - | €47,408 | €54,210 | ▲ 14.3% |
| Taxes450/3 | - | - | - | €838 | €5,560 | ▲ 563% |
| Remuneration and social security454/9 | - | - | - | €46,570 | €48,650 | ▲ 4.5% |
| Other amounts payable47/48 | - | - | - | €138,373 | €177,858 | ▲ 28.5% |
| Accrued charges and deferred income492/3 | - | - | - | €10,557 | €7,583 | ▼ 28.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135,827 | €188,951 | €17,723 | €41,807 | €162,596 | ▲ 289% |
| + Depreciation and write-downs630 | €31,077 | €64,462 | €65,011 | €53,516 | €51,359 | ▼ 4.0% |
| Operating cash flow (approximation) | €166,904 | €253,413 | €82,734 | €95,323 | €213,955 | ▲ 124% |
| Investment in fixed assets (approximation) | - | -€180,113 | -€17,823 | -€1,667 | -€566 | ▲ 66.0% |
| Change in cash | - | €36,286 | -€17,827 | €26,093 | €8,421 | ▼ 67.7% |
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 |
|---|---|---|---|
| 31-12-2022 | full format | 25-07-2023 | 2023-00288567 |
| 31-12-2021 | full format | 28-07-2022 | 2022-20252437 |
| 31-12-2020 | full format | 11-08-2021 | 2021-47400507 |
| 31-12-2019 | full format | 25-08-2020 | 2020-43800173 |
| 31-12-2018 | full format | 30-08-2019 | 2019-61700089 |
| 31-12-2017 | full format | 13-08-2018 | 2018-45100537 |
| 31-12-2016 | full format | 25-08-2017 | 2017-47000183 |
| 31-12-2015 | full format | 23-08-2016 | 2016-45800043 |
| 31-12-2014 | full format | 12-08-2015 | 2015-42000061 |
| 31-12-2013 | full format | 27-08-2014 | 2014-49000352 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.