IDEA
InactiveFinancials · financial year 2021, abbreviated format
Turnover
≈ €320,000
Estimated: probably between €190,000 and €590,000
Total assets
€18.7m▼ 0.8%
2020 · €18.8m
Net result
-€473
2020 · €30,376
Working capital
€18.4m=
2020 · €18.4m
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result stays negative: a loss of €328,960 in 2021 against €301,423 in 2020; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.3m
2021
Net result-€473
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€18.7m
2021
Equity€18.5m
2021
Debt€0.1m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€18.4m
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)7.4
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€0.3m--€0.4m▼ 16.2%-€0.3m▲ 17.8%-€0.3m▼ 9.1%
Net result€0.08m-€0.001m▼ 98.7%€0.03m▲ 28×-€473
Equity€20.2m-€18.5m▼ 8.5%€18.5m▲ 0.2%€18.5m=
Total assets€20.6m-€18.7m▼ 9.1%€18.8m▲ 0.7%€18.7m▼ 0.8%
Debt€0.3m-€0.2m▼ 45.8%€0.3m▲ 50.0%€0.1m▼ 56.3%
Working capital€20.1m-€18.4m▼ 8.5%€18.4m▲ 0.2%€18.4m=
Staff (FTE)7.4-7.4=7.3▼ 1.4%7.4▲ 1.4%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €18.7m
Fixed assets
€148,153 =
Current assets
€18.5m ▼ 0.8%
Equity and liabilities €18.7m
Equity
€18.5m =
Debt
€120,362 ▼ 56.3%
Debt's share of the balance-sheet total falls from 1.5% to 0.6%. Debt is lower.
Key figures and ratios
Debt to equity
0.01▲
2020 · 0.00
ROE
0.0%▼
2020 · 0.2%
ROA
0.0%▼
2020 · 0.2%
Debt ≤ 1 year
€104,210▼
2020 · €259,993
Debt > 1 year
€15,404▲
2020 · €15,190
Income taxes
€3,785▼
2020 · €14,130
Staff costs
€451,703
A ratio outside any meaningful range has been withheld (balance sheet total €18.7m, equity €18.5m).
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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €451,703 | - |
| Other operating charges640/8 | - | - | - | €2,459 | - |
| Gross operating margin9900 | €106,021 | €70,636 | €89,618 | €125,202 | ▲ 39.7% |
| Operating profit (loss)9901 | -€315,444 | -€366,563 | -€301,423 | -€328,960 | ▼ 9.1% |
| Financial income75/76B | - | - | - | €343,977 | - |
| Recurring financial income75 | €427,723 | €370,423 | €360,347 | €343,977 | ▼ 4.5% |
| Financial charges65/66B | - | - | - | €11,706 | - |
| Recurring financial charges65 | €2,166 | €2,414 | €14,419 | €11,706 | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | €110,113 | €1,447 | €44,506 | €3,312 | ▼ 92.6% |
| Income taxes67/77 | €28,497 | €360 | €14,130 | €3,785 | ▼ 73.2% |
| Profit (loss) for the period9904 | €81,616 | €1,088 | €30,376 | -€473 | - |
| Profit (loss) for the period to be appropriated9905 | €81,616 | €1,088 | €30,376 | -€473 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €20.6m | €18.7m | €18.8m | €18.7m | ▼ 0.8% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Current assets29/58 | €20.4m | €18.5m | €18.7m | €18.5m | ▼ 0.8% |
| Amounts receivable after more than one year29 | - | - | - | €0.3m | - |
| Trade receivables290 | - | - | - | €0.3m | - |
| Amounts receivable within one year40/41 | €17.9m | €16.4m | €16.2m | €17.6m | ▲ 8.7% |
| Trade receivables40 | - | - | - | €0.3m | - |
| Other amounts receivable41 | - | - | - | €17.3m | - |
| Cash at bank and in hand54/58 | €0.8m | €0.5m | €1.0m | €0.6m | ▼ 38.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €20.6m | €18.7m | €18.8m | €18.7m | ▼ 0.8% |
| Equity10/15 | €20.2m | €18.5m | €18.5m | €18.5m | = |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Capital10 | - | - | - | €0.7m | - |
| Issued capital100 | - | - | - | €0.7m | - |
| Reserves13 | €19.5m | €17.8m | €17.8m | €17.8m | = |
| Non-distributable reserves130/1 | - | - | - | €0.07m | - |
| Legal reserve130 | - | - | - | €0.07m | - |
| Distributable reserves133 | - | - | - | €17.7m | - |
| Profit (loss) carried forward14 | €0.005m | €0.006m | €0.006m | €0.005m | ▼ 8.1% |
| Amounts payable17/49 | €0.3m | €0.2m | €0.3m | €0.1m | ▼ 56.3% |
| Amounts payable after more than one year17 | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 1.4% |
| Other amounts payable178/9 | - | - | - | €0.02m | - |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.3m | €0.1m | ▼ 59.9% |
| Trade debts44 | €0.3m | €0.07m | €0.05m | €0.04m | ▼ 34.1% |
| Suppliers440/4 | - | - | - | €0.04m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | - |
| Taxes450/3 | - | - | - | €308 | - |
| Remuneration and social security454/9 | - | - | - | €0.07m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,616 | €1,088 | €30,376 | -€473 | - |
| Operating cash flow (approximation) | €81,616 | €1,088 | €30,376 | -€473 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€261,536 | €480,640 | -€396,885 | - |
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 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | abbreviated format | 31-05-2022 | 2022-20043924 |
| 31-12-2020 | abbreviated format | 26-07-2021 | 2021-39700531 |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-22700342 |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-36300107 |
| 31-12-2017 | abbreviated format | 26-07-2018 | 2018-38800387 |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-33900556 |
| 31-12-2015 | abbreviated format | 09-05-2016 | 2016-11700085 |
| 31-12-2014 | abbreviated format | 20-07-2015 | 2015-32600246 |
| 31-12-2013 | abbreviated format | 22-07-2014 | 2014-33000119 |
| 31-12-2012 | abbreviated format | 22-07-2013 | 2013-33000180 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.