IC +
InactiveFinancials · financial year 2022, micro format
Equity
€223,667▼ 10.4%
2021 · €249,495
Total assets
€261,258▼ 12.0%
2021 · €296,841
Net result
€1,172▼ 94.9%
2021 · €23,165
Working capital
€218,977▼ 9.8%
2021 · €242,834
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result has fallen two years in a row; 2022 is 90% below 2021 and is 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.
Operating result€3,932
2022
Net result€1,172
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€261,258
2022
Equity€223,667
2022
Debt€37,590
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€218,977
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
Line2019202020212022
Operating result€38,624-€116,708▲ 202%€37,997▼ 67.4%€3,932▼ 89.7%
Net result€21,933-€77,415▲ 253%€23,165▼ 70.1%€1,172▼ 94.9%
Equity€208,916-€256,331▲ 22.7%€249,495▼ 2.7%€223,667▼ 10.4%
Total assets€225,154-€303,875▲ 35.0%€296,841▼ 2.3%€261,258▼ 12.0%
Debt€16,238-€47,544▲ 193%€47,345▼ 0.4%€37,590▼ 20.6%
Working capital€193,175-€243,518▲ 26.1%€242,834▼ 0.3%€218,977▼ 9.8%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €261,258
Fixed assets
€4,690 ▼ 29.6%
Current assets
€256,568 ▼ 11.6%
Equity and liabilities €261,258
Equity
€223,667 ▼ 10.4%
Debt
€37,590 ▼ 20.6%
Debt's share of the balance-sheet total falls from 15.9% to 14.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,832▼
2021 · €44,148
Cash flow
€4,072▼
2021 · €29,316
Current ratio
6.83▲
2021 · 6.13
Debt to equity
0.17
ROE
0.5%▼
2021 · 9.3%
ROA
0.4%▼
2021 · 7.8%
Interest coverage
33.05
Debt ≤ 1 year
€37,590▼
2021 · €47,345
Income taxes
€2,561▼
2021 · €14,418
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,968 | €6,563 | €6,151 | €2,900 | ▼ 52.9% |
| Other operating charges640/8 | - | - | - | €1,136 | - |
| Gross operating margin9900 | €47,231 | €123,924 | €49,806 | €7,967 | ▼ 84.0% |
| Operating profit (loss)9901 | €38,624 | €116,708 | €37,997 | €3,932 | ▼ 89.7% |
| Financial income75/76B | - | - | - | €8 | - |
| Recurring financial income75 | €1 | €1 | €74 | €8 | ▼ 89.9% |
| Financial charges65/66B | - | - | - | €207 | - |
| Recurring financial charges65 | €2,949 | €790 | €488 | €207 | ▼ 57.7% |
| Profit (loss) for the period before taxes9903 | €35,676 | €115,919 | €37,583 | €3,733 | ▼ 90.1% |
| Income taxes67/77 | €13,743 | €38,504 | €14,418 | €2,561 | ▼ 82.2% |
| Profit (loss) for the period9904 | €21,933 | €77,415 | €23,165 | €1,172 | ▼ 94.9% |
| Profit (loss) for the period to be appropriated9905 | €21,933 | €77,415 | €23,165 | €1,172 | ▼ 94.9% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €225,154 | €303,875 | €296,841 | €261,258 | ▼ 12.0% |
| Fixed assets21/28 | €15,741 | €12,812 | €6,662 | €4,690 | ▼ 29.6% |
| Tangible fixed assets22/27 | €15,741 | €12,812 | €6,662 | €4,690 | ▼ 29.6% |
| Furniture and vehicles24 | - | - | - | €2,946 | - |
| Other tangible fixed assets26 | - | - | - | €1,744 | - |
| Current assets29/58 | €209,413 | €291,063 | €290,179 | €256,568 | ▼ 11.6% |
| Amounts receivable within one year40/41 | €72,271 | €53,618 | €71,064 | €28,800 | ▼ 59.5% |
| Trade receivables40 | - | - | - | €18,261 | - |
| Other amounts receivable41 | - | - | - | €10,539 | - |
| Cash at bank and in hand54/58 | €117,692 | €228,771 | €211,681 | €227,531 | ▲ 7.5% |
| Deferred charges and accrued income490/1 | - | - | - | €236 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €225,154 | €303,875 | €296,841 | €261,258 | ▼ 12.0% |
| Equity10/15 | €208,916 | €256,331 | €249,495 | €223,667 | ▼ 10.4% |
| Contributions10/11 | €18,600 | - | - | €18,600 | - |
| Reserves13 | €188,760 | €237,731 | €230,895 | €205,067 | ▼ 11.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €203,207 | - |
| Profit (loss) carried forward14 | €1,556 | - | - | - | - |
| Amounts payable17/49 | €16,238 | €47,544 | €47,345 | €37,590 | ▼ 20.6% |
| Amounts payable within one year42/48 | €16,238 | €47,544 | €47,345 | €37,590 | ▼ 20.6% |
| Trade debts44 | €6,241 | €1,143 | €3,438 | €9,480 | ▲ 176% |
| Suppliers440/4 | - | - | - | €9,480 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,110 | - |
| Taxes450/3 | - | - | - | €1,110 | - |
| Other amounts payable47/48 | - | - | - | €27,000 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,933 | €77,415 | €23,165 | €1,172 | ▼ 94.9% |
| + Depreciation and write-downs630 | €6,968 | €6,563 | €6,151 | €2,900 | ▼ 52.9% |
| Operating cash flow (approximation) | €28,901 | €83,978 | €29,316 | €4,072 | ▼ 86.1% |
| Investment in fixed assets (approximation) | - | -€3,635 | €0 | -€928 | - |
| Change in cash | - | €111,079 | -€17,090 | €15,850 | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2022 | micro format | 06-04-2023 | 2023-00058490 |
| 30-09-2021 | micro format | 21-02-2022 | 2022-06100061 |
| 30-09-2020 | micro format | 22-02-2021 | 2021-05800284 |
| 30-09-2019 | micro format | 24-02-2020 | 2020-05600365 |
| 30-09-2018 | micro format | 18-03-2019 | 2019-07300122 |
| 30-09-2017 | micro format | 12-03-2018 | 2018-06800020 |
| 30-09-2016 | abbreviated format | 27-03-2017 | 2017-07800376 |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-08100494 |
| 30-09-2014 | abbreviated format | 31-03-2015 | 2015-08900256 |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-10900079 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.