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ActiveFinancials · financial year 2022, micro format
2023 annual accounts not yet filed, deadline passed on 31 July 2024 The financial year closed on 31 December 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2022 filed on 30-11-2023 PDF all 17 filings
Turnover
≈ €140,000
Estimated: probably between €68,000 and €270,000
Total assets
€155,322▼ 6.6%
2021 · €166,369
Net result
€10,477
2021 · -€1,348
Working capital
€98,040▲ 13.8%
2021 · €86,177
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€17,639
▲ 410%
2022
20182022
Net result
€10,477
2022
middle half of the sector
20182022
Equity
€106,364
▲ 10.9%
2022
middle half of the sector
20182022
Total assets
€155,322
▼ 6.6%
2022
middle half of the sector
20182022
Debt
€48,958
▼ 30.5%
2022
20182022
Working capital
€98,040
▲ 13.8%
2022
highest quarter of the sector
20182022
Solvency
68.5%
▲ 10.8pp
2022
middle half of the sector
20182022
Current ratio
3.29
▲ 0.90
2022
middle half of the sector
20182022
Return on assets (ROA)
6.7%
▲ 7.6pp
2022
middle half of the sector
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€82,863-€81,966▼ 1.1%€35,874▼ 56.2%€3,458▼ 90.4%€17,639▲ 410%
Net result€58,660-€57,401▼ 2.1%€27,051above the sector's middle half▼ 52.9%-€1,348below the sector's middle half€10,477within the sector's middle half
Equity€47,782-€80,184▲ 67.8%€97,235within the sector's middle half▲ 21.3%€95,887within the sector's middle half▼ 1.4%€106,364within the sector's middle half▲ 10.9%
Total assets€156,946-€208,652▲ 32.9%€198,805within the sector's middle half▼ 4.7%€166,369within the sector's middle half▼ 16.3%€155,322within the sector's middle half▼ 6.6%
Debt€109,164-€128,468▲ 17.7%€101,569▼ 20.9%€70,482▼ 30.6%€48,958▼ 30.5%
Working capital€37,287-€70,856▲ 90.0%€90,747above the sector's middle half▲ 28.1%€86,177above the sector's middle half▼ 5.0%€98,040above the sector's middle half▲ 13.8%
Solvency30.4%-38.4%▲ 8.0pp48.9%within the sector's middle half▲ 10.5pp57.6%within the sector's middle half▲ 8.7pp68.5%within the sector's middle half▲ 10.8pp
Current ratio1.46-1.64▲ 0.182.00within the sector's middle half▲ 0.362.39within the sector's middle half▲ 0.393.29within the sector's middle half▲ 0.90
Return on assets (ROA)37.4%-27.5%▼ 9.9pp13.6%within the sector's middle half▼ 13.9pp-0.8%below the sector's middle half▼ 14.4pp6.7%within the sector's middle half▲ 7.6pp
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). 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 2022 is 5.1 times that of 2021. It is a recovery after the fall in 2021.
Turnover and EBIT margin are 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 €155,322
Fixed assets
€14,405 ▼ 20.4%
Current assets
€140,916 ▼ 5.0%
Equity and liabilities €155,322
Equity
€106,364 ▲ 10.9%
Debt
€48,958 ▼ 30.5%
Debt's share of the balance-sheet total falls from 42.4% to 31.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,897▲
2021 · €16,151
Cash flow
€14,735▲
2021 · €11,344
Debt to equity
0.46▼
2021 · 0.74
ROE
9.8%▲
2021 · -1.4%
Interest coverage
8.56▲
2021 · 5.16
Debt ≤ 1 year
€42,877▼
2021 · €62,089
Debt > 1 year
€5,061▼
2021 · €8,394
Income taxes
€4,607▲
2021 · €1,688
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 2021 | 2022 |
|---|---|---|
| Overdue tax debts | €14,720 | - |
Source: notes to the 2021 to 2022 annual accounts (statement of debts)
Securities and guarantees
| Item | 2021 | 2022 |
|---|---|---|
| Pledge on other assets, amount secured | €10,118 | - |
| Carrying value of the other pledged assets | €10,118 | - |
Source: notes to the 2021 to 2022 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €13,578 | €560 |
| Depreciation and write-downs of the year | €12,693 | €4,258 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,200 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,781 | €12,811 | €11,934 | €12,693 | €4,258 | ▼ 66.5% |
| Other operating charges640/8 | - | - | - | €819 | €927 | ▲ 13.2% |
| Gross operating margin9900 | €97,718 | €94,922 | €48,795 | €16,969 | €22,824 | ▲ 34.5% |
| Operating profit (loss)9901 | €82,863 | €81,966 | €35,874 | €3,458 | €17,639 | ▲ 410% |
| Financial income75/76B | - | - | - | €11 | €1 | ▼ 89.6% |
| Recurring financial income75 | €4 | €2 | €355 | €11 | €1 | ▼ 89.6% |
| Financial charges65/66B | - | - | - | €3,129 | €2,557 | ▼ 18.3% |
| Recurring financial charges65 | €2,817 | €4,239 | €3,554 | €3,129 | €2,557 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | €80,050 | €77,728 | €32,675 | €340 | €15,084 | ▲ 44× |
| Income taxes67/77 | €21,390 | €20,327 | €5,624 | €1,688 | €4,607 | ▲ 173% |
| Profit (loss) for the period9904 | €58,660 | €57,401 | €27,051 | -€1,348 | €10,477 | - |
| Profit (loss) for the period to be appropriated9905 | €58,547 | €57,288 | €27,161 | -€1,348 | €10,477 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,946 | €208,652 | €198,805 | €166,369 | €155,322 | ▼ 6.6% |
| Fixed assets21/28 | €39,113 | €27,327 | €17,219 | €18,103 | €14,405 | ▼ 20.4% |
| Tangible fixed assets22/27 | €39,038 | €27,252 | €17,144 | €18,028 | €14,330 | ▼ 20.5% |
| Furniture and vehicles24 | - | - | - | €18,028 | €14,330 | ▼ 20.5% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €75 | €75 | €75 | €75 | €75 | = |
| Current assets29/58 | €117,833 | €181,325 | €181,586 | €148,266 | €140,916 | ▼ 5.0% |
| Amounts receivable within one year40/41 | €113,188 | €176,860 | €171,289 | €147,198 | €139,101 | ▼ 5.5% |
| Trade receivables40 | - | - | - | €27,640 | €11,403 | ▼ 58.7% |
| Other amounts receivable41 | - | - | - | €119,558 | €127,698 | ▲ 6.8% |
| Cash at bank and in hand54/58 | €501 | €1,530 | €9,255 | €1,068 | €1,815 | ▲ 70.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,946 | €208,652 | €198,805 | €166,369 | €155,322 | ▼ 6.6% |
| Equity10/15 | €47,782 | €80,184 | €97,235 | €95,887 | €106,364 | ▲ 10.9% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €41,582 | €73,984 | €91,035 | €89,687 | €100,164 | ▲ 11.7% |
| Tax-exempt reserves132 | - | - | - | €316 | €316 | = |
| Distributable reserves133 | - | - | - | €89,370 | €99,847 | ▲ 11.7% |
| Amounts payable17/49 | €109,164 | €128,468 | €101,569 | €70,482 | €48,958 | ▼ 30.5% |
| Amounts payable after more than one year17 | €28,469 | €17,021 | €9,862 | €8,394 | €5,061 | ▼ 39.7% |
| Financial debts170/4 | - | - | - | €8,394 | €5,061 | ▼ 39.7% |
| Amounts payable within one year42/48 | €80,546 | €110,469 | €90,839 | €62,089 | €42,877 | ▼ 30.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,862 | - | - |
| Financial debts43 | - | - | - | €27,796 | €33,689 | ▲ 21.2% |
| Credit institutions430/8 | - | - | - | €27,796 | €33,689 | ▲ 21.2% |
| Trade debts44 | €6,750 | €12,192 | €10,850 | €8,854 | €8,735 | ▼ 1.3% |
| Suppliers440/4 | - | - | - | €8,854 | €8,735 | ▼ 1.3% |
| Taxes, remuneration and social security45 | - | - | - | €15,576 | €453 | ▼ 97.1% |
| Taxes450/3 | - | - | - | €15,576 | €453 | ▼ 97.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,020 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,660 | €57,401 | €27,051 | -€1,348 | €10,477 | - |
| + Depreciation and write-downs630 | €12,781 | €12,811 | €11,934 | €12,693 | €4,258 | ▼ 66.5% |
| Operating cash flow (approximation) | €71,442 | €70,213 | €38,985 | €11,344 | €14,735 | ▲ 29.9% |
| Investment in fixed assets (approximation) | - | -€1,025 | -€1,826 | -€13,578 | -€560 | ▲ 95.9% |
| Change in cash | - | €1,029 | €7,725 | -€8,188 | €747 | - |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 30-11-2023 | 2023-00521694 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20379324 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57500385 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73600472 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59800512 | |
| 31-12-2017 | micro format | 13-08-2018 | 2018-45400374 | |
| 31-12-2016 | micro format | 18-08-2017 | 2017-44700427 | |
| 31-12-2015 | abbreviated format | 05-07-2016 | 2016-28000253 | |
| 31-12-2014 | abbreviated format | 19-06-2015 | 2015-19300094 | |
| 31-12-2013 | abbreviated format | 07-07-2014 | 2014-28100545 |