HYDROPLAN
Open bankruptcyFinancials · financial year 2023, abbreviated format
2023 annual accounts filed late (31 days) Filed on 31 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00424294.
Turnover
€2.9m▲ 19.6%
2020 · €2.4m
EBIT margin
8.2%▲ 0.6pp
2020 · 7.7%
Net result
-€314,018▼ 565%
2022 · -€47,231
Working capital
-€112,852
2022 · €423,473
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result turns negative in 2023: a loss of €243,219 after €7,618 in 2022, 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.
Turnover€2.9m
2021
Operating result-€0.2m
2023
Net result-€0.3m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.2m
2023
Equity€0.2m
2023
Debt€1.9m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin8.2%
2021
Return on assets (ROA)-14.6%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency10.0%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.94
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)13.9
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 01, Crop and animal production, hunting and related service 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
Line20192020202120222023
Turnover€2.2m-€2.4m▲ 11.3%€2.9m▲ 19.6%
Operating result€0.2m-€0.2m▼ 17.7%€0.2m▲ 28.3%€0.008m▼ 96.8%-€0.2m
Net result€0.2m-€0.1mwithin the sector's middle half▼ 25.8%€0.2mabove the sector's middle half▲ 43.7%-€0.05mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 565%
EBIT margin10.4%-7.7%▼ 2.7pp8.2%▲ 0.6pp
Equity€0.3m-€0.4mwithin the sector's middle half▲ 40.0%€0.6mwithin the sector's middle half▲ 41.1%€0.5mwithin the sector's middle half▼ 8.2%€0.2mwithin the sector's middle half▼ 59.4%
Total assets€0.9m-€1.1mwithin the sector's middle half▲ 21.2%€1.9mwithin the sector's middle half▲ 76.4%€2.2mwithin the sector's middle half▲ 18.4%€2.2mwithin the sector's middle half▼ 4.0%
Debt€0.6m-€0.7m▲ 12.0%€1.3m▲ 98.0%€1.7m▲ 30.0%€1.9m▲ 13.1%
Working capital€0.3m-€0.4mwithin the sector's middle half▲ 21.2%€0.5mabove the sector's middle half▲ 44.6%€0.4mwithin the sector's middle half▼ 22.4%-€0.1mbelow the sector's middle half
Solvency32.9%-38.0%within the sector's middle half▲ 5.1pp30.4%within the sector's middle half▼ 7.6pp23.5%within the sector's middle half▼ 6.8pp10.0%below the sector's middle half▼ 13.6pp
Current ratio1.56-1.57within the sector's middle half▲ 0.011.41within the sector's middle half▼ 0.151.27within the sector's middle half▼ 0.140.94within the sector's middle half▼ 0.33
Return on assets (ROA)17.7%-10.9%above the sector's middle half▼ 6.9pp8.8%above the sector's middle half▼ 2.0pp-2.1%below the sector's middle half▼ 10.9pp-14.6%below the sector's middle half▼ 12.5pp
Staff (FTE)11-11.9above the sector's middle half▲ 8.2%12.9above the sector's middle half▲ 8.4%13.6above the sector's middle half▲ 5.4%13.9above the sector's middle half▲ 2.2%
above
within
below
the middle half of NACE 01, Crop and animal production, hunting and related service 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.
Why a figure moved sharply
- 2023 Net result -565% on 2022. The previous financial year ran 15 months, this one 12.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.2m
Fixed assets
€446,768 ▲ 65.8%
Current assets
€1.7m ▼ 13.5%
Equity and liabilities €2.2m
Equity
€214,618 ▼ 59.4%
Debt
€1.9m ▲ 13.1%
Debt's share of the balance-sheet total rises from 76.5% to 90.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€154,591▼
2022 · €51,634
Cash flow
-€225,390▼
2022 · -€3,215
Quick ratio
0.36▲
2022 · 0.32
Debt to equity
9.05▲
2022 · 3.25
ROE
-146.3%▼
2022 · -8.9%
Interest coverage
-2.18▼
2022 · 0.94
Debt ≤ 1 year
€1.8m▲
2022 · €1.6m
Debt > 1 year
€119,298▼
2022 · €164,233
Staff costs
€947,682▼
2022 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.2m | €2.4m | €2.9m | - | - | - |
| Non-recurring operating income76A | - | - | - | €0.005m | €0.004m | ▼ 13.9% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €2.0m | - | - | - |
| Remuneration, social security and pensions62 | - | - | €0.7m | €1.1m | €0.9m | ▼ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.004m | €0.01m | €0.009m | €0.04m | €0.09m | ▲ 101% |
| Other operating charges640/8 | - | - | €0.004m | €0.005m | €0.006m | ▲ 18.8% |
| Gross operating margin9900 | €0.8m | €0.9m | €0.9m | €1.1m | €0.8m | ▼ 30.3% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.2m | €0.008m | -€0.2m | - |
| Financial income75/76B | - | - | €32 | €72 | €5 | ▼ 92.8% |
| Recurring financial income75 | €63 | €45 | €32 | €72 | €5 | ▼ 92.8% |
| Financial charges65/66B | - | - | €0.009m | €0.05m | €0.07m | ▲ 28.9% |
| Recurring financial charges65 | €0.006m | €0.007m | €0.009m | €0.05m | €0.07m | ▲ 28.9% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.2m | -€0.05m | -€0.3m | ▼ 565% |
| Income taxes67/77 | €0.06m | €0.06m | €0.06m | - | - | - |
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.2m | -€0.05m | -€0.3m | ▼ 565% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.1m | €0.2m | -€0.05m | -€0.3m | ▼ 565% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.9m | €1.1m | €1.9m | €2.2m | €2.2m | ▼ 4.0% |
| Fixed assets21/28 | €0.02m | €0.03m | €0.03m | €0.3m | €0.4m | ▲ 65.8% |
| Tangible fixed assets22/27 | €0.01m | €0.02m | €0.02m | €0.3m | €0.4m | ▲ 68.7% |
| Plant, machinery and equipment23 | - | - | €0.01m | €0.02m | €0.03m | ▲ 67.2% |
| Furniture and vehicles24 | - | - | €0.004m | €0.03m | €0.02m | ▼ 23.4% |
| Leasing and similar rights25 | - | - | - | €0.2m | €0.4m | ▲ 82.1% |
| Other tangible fixed assets26 | - | - | €0.003m | €0.003m | €0.002m | ▼ 30.2% |
| Financial fixed assets28 | €0.009m | €0.009m | €0.009m | €0.01m | €0.01m | = |
| Current assets29/58 | €0.9m | €1.0m | €1.9m | €2.0m | €1.7m | ▼ 13.5% |
| Stocks and contracts in progress3 | €0.4m | €0.6m | €1.1m | €1.5m | €1.0m | ▼ 29.2% |
| Stocks30/36 | - | - | €1.1m | €1.5m | €1.0m | ▼ 29.2% |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €0.5m | €0.4m | €0.6m | ▲ 53.9% |
| Trade receivables40 | - | - | €0.4m | €0.4m | €0.6m | ▲ 55.3% |
| Other amounts receivable41 | - | - | €0.1m | €0.007m | €0.005m | ▼ 26.3% |
| Cash at bank and in hand54/58 | €0.09m | €0.08m | €0.3m | €0.1m | €0.06m | ▼ 33.2% |
| Deferred charges and accrued income490/1 | - | - | €0.003m | €0.02m | €0.01m | ▼ 48.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.9m | €1.1m | €1.9m | €2.2m | €2.2m | ▼ 4.0% |
| Equity10/15 | €0.3m | €0.4m | €0.6m | €0.5m | €0.2m | ▼ 59.4% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €0.4m | €0.6m | €0.5m | €0.2m | ▼ 61.7% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | €0.5m | €0.5m | €0.2m | ▼ 67.0% |
| Profit (loss) carried forward14 | €0.04m | €0.07m | - | - | - | - |
| Amounts payable17/49 | €0.6m | €0.7m | €1.3m | €1.7m | €1.9m | ▲ 13.1% |
| Amounts payable after more than one year17 | €0.04m | - | - | €0.2m | €0.1m | ▼ 27.4% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | ▼ 27.4% |
| Amounts payable within one year42/48 | €0.6m | €0.7m | €1.3m | €1.6m | €1.8m | ▲ 17.3% |
| Current portion of amounts payable after more than one year42 | - | - | €0.02m | €0.07m | €0.07m | ▼ 1.3% |
| Financial debts43 | - | - | €0.8m | €1.2m | €1.3m | ▲ 1.6% |
| Credit institutions430/8 | - | - | €0.4m | €0.8m | €0.8m | = |
| Other loans439 | - | - | €0.4m | €0.4m | €0.5m | ▲ 4.7% |
| Trade debts44 | €0.1m | €0.2m | €0.4m | €0.2m | €0.5m | ▲ 111% |
| Suppliers440/4 | - | - | €0.4m | €0.2m | €0.5m | ▲ 111% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.02m | €0.005m | ▼ 72.0% |
| Taxes450/3 | - | - | €0.09m | €0.01m | €0.005m | ▼ 55.3% |
| Remuneration and social security454/9 | - | - | €0.06m | €0.006m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €6 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €157,270 | €116,709 | €167,668 | -€47,231 | -€314,018 | ▼ 565% |
| + Depreciation and write-downs630 | €4,259 | €9,859 | €8,822 | €44,015 | €88,628 | ▲ 101% |
| Operating cash flow (approximation) | €161,529 | €126,568 | €176,490 | -€3,215 | -€225,390 | ▼ 6,910% |
| Investment in fixed assets (approximation) | - | -€20,516 | -€8,105 | -€283,277 | -€266,000 | ▲ 6.1% |
| Change in cash | - | -€3,430 | €231,593 | -€220,544 | -€31,743 | ▲ 85.6% |
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 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 31-08-2024 | 2024-00424294 |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00294620 |
| 30-09-2021 | abbreviated format | 28-04-2022 | 2022-20011462 |
| 30-09-2020 | abbreviated format | 28-04-2021 | 2021-11600309 |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11000465 |
| 30-09-2018 | abbreviated format | 30-04-2019 | 2019-11900160 |
| 30-09-2017 | abbreviated format | 26-04-2018 | 2018-11200074 |
| 30-09-2016 | abbreviated format | 29-04-2017 | 2017-11100292 |
| 30-09-2015 | abbreviated format | 08-04-2016 | 2016-09700230 |
| 30-09-2014 | abbreviated format | 15-04-2015 | 2015-09800447 |
Similar companies · same sector, comparable size
ONGENA
BE 0772.991.020
Zele · equity €214,548
CODULEC
BE 0430.697.024
Braine-le-Comte · equity €214,967
GEOFFAGRI
BE 0553.910.085
Oupeye · equity €213,893
COUSA
BE 0820.512.508
Houthulst · equity €213,750
Dries Trans
BE 0746.767.069
Amel · equity €213,620
Of the 4,639 active companies whose main activity is support activities for crop production (NACE 01610), figures are known for 1,385. 1,152 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 · 1 entry · €861 awarded · €861 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.