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IHVANS

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Private limited company (pre-2019)·Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk· 10 yrs active
Engelbert van Arenbergstraat 30 ·9000 Gent, Belgium
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BE 0655.764.639
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Turnover€189k
EBIT margin9.2%
Net result€12k-65.5%
Working capital€72k+17.0%
Directors1
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Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 25-03-2025 with the NBB · fiscal year 2023 · micro
€-50k€0€50k€100k€150k€200kOperating result 2019: €6k€6kNet result 2019: €7k€7kOperating result 2020: €-2k€-2kNet result 2020: €7k€7kRevenue 2021: €189k€189kOperating result 2021: €18k€18kNet result 2021: €15k€15kOperating result 2022: €38k€38kNet result 2022: €34k€34kOperating result 2023: €14k€14kNet result 2023: €12k€12k20192020202120222023
RevenueOperating resultNet result
Sector comparison
Fiscal year 2023 · NACE 10 — Food manufacturing · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 51.2% 19.4%
better than 80% of 101 sector peers
Net result €12k €5k
better than 59% of 101 sector peers
Equity €88k €18k
better than 90% of 101 sector peers
Gross operating margin €81k €36k
better than 68% of 101 sector peers
Staff costs €54k €35k
higher than 66% of 64 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€189k
18–23
EBITDA
€16k
-61.7% 18–23
Net profit
€12k
-65.5% 18–23
Cash flow
€15k
-62.2% 18–23
Total assets
€171k
+24.3% 18–23
Equity
€88k
+15.5% 18–23
Working capital
€72k
+17.0% 18–23
Employees (FTE)
2
+50.0% 18–23
Staff costs
€54k
-31.6% 18–23
Income taxes
€2k
+4.4% 18–23
Dividends
€0
18–23
Debt
€84k
+35.1% 18–23
Debt ≤ 1y
€84k
+35.1% 18–23
Current ratio
1.86
-6.7% 18–23
Quick ratio
1.85
-6.4% 18–23
Solvency
51.2%
-7.1% 18–23
Debt / equity
0.95
+17.0% 18–23
ROE
13.4%
-70.2% 18–23
ROA
6.9%
-72.3% 18–23
Net margin
7.9%
18–23
EBITDA margin
11.4%
18–23
Interest coverage
9.49
-72.9% 18–23
Figures by fiscal year
Fiscal year2023
Revenue
EBITDA€16k
Net profit€12k
Cash flow€15k
Staff costs€54k
Income taxes
Dividends
Total assets€171k
Equity€88k
Debt€84k
of which ≤ 1y€84k
of which > 1y
Working capital€72k
Employees (FTE)
Ratios (computed)
2023
Current ratio1.86
Quick ratio1.85
Working capital ratio42.2%
Solvency51.2%
Debt / equity0.95
Long-term debt ratio
Interest coverage9.49
Gross margin
Net margin
ROA6.9%
ROE13.4%
EBITDA margin
Days sales outstanding
Days payable outstanding
Inventory turnover
Days inventory (DSI)
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet — Assets
TOTAL ASSETS 20/58€171k
Fixed assets 21/28€16k
Tangible fixed assets 22/27€7k
Financial fixed assets 28€9k
Current assets 29/58€156k
Stocks & contracts in progress 3€2k
Amounts receivable within one year 40/41€112k
Cash & bank 54/58€42k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€171k
Equity 10/15€88k
Contributions / capital 10/11€19k
Reserves 13€960
Accumulated profits (losses) 14€68k
Amounts payable 17/49€84k
Amounts payable within one year 42/48€84k
Trade debts payable within one year 44€15k
Income statement
Gross operating margin 9900€81k
Operating result 9901€14k
Financial charges 65€2k
Result before taxes 9903€12k
Net result for the period 9904€12k
Result to be appropriated 9905€12k
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Ratios computed by Checked.

Health barometer

FY 2023 · computed
33 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.