ILTA
Bankruptcy closedFinancials · financial year 2022, micro format
2022 annual accounts filed 60 days after the deadline Filed on 29 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00474632.
Annual accounts 2022 filed on 29-09-2023 PDF all 10 filings
Turnover
≈ €49,000
Estimated: probably between €22,000 and €120,000
EBIT margin
Not included in this filing
Net result
-€12,677▼ 215%
2021 · -€4,019
Working capital
-€14,348▼ 659%
2021 · -€1,891
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is a loss of €12,555, larger than the loss of €3,860 in 2021. It is the lowest result since 2018.
Operating result-€12,555
2022
Net result-€12,677
2022
Total assets€5,437
2022
Equity-€10,903
2022
Debt€16,340
2022
Working capital-€14,348
2022
Staff (FTE)1
2021
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€6,051--€4,886-€455▲ 90.7%-€3,860▼ 748%-€12,555▼ 225%
Net result€5,801--€5,054-€657▲ 87.0%-€4,019▼ 512%-€12,677▼ 215%
Equity€11,504-€6,450▼ 43.9%€5,793▼ 10.2%€1,774▼ 69.4%-€10,903
Total assets€17,013-€10,547▼ 38.0%€33,123▲ 214%€9,373▼ 71.7%€5,437▼ 42.0%
Debt€5,510-€4,097▼ 25.6%€27,330▲ 567%€7,599▼ 72.2%€16,340▲ 115%
Working capital€6,138-€1,085▼ 82.3%€2,128▲ 96.2%-€1,891-€14,348▼ 659%
Staff (FTE)1-0.7▼ 30.0%0.6▼ 14.3%1▲ 66.7%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €5,437
Fixed assets
€3,445 ▼ 6.0%
Current assets
€1,992 ▼ 65.1%
Equity and liabilities
Equity-€10,903
Debt€16,340
Equity is negative. Debt (€16,340) exceeds the balance-sheet total (€5,437).
Key figures and ratios
Solvency
-200.5%▼
2021 · 18.9%
Current ratio
0.12▼
2021 · 0.75
Quick ratio
0.02▼
2021 · 0.69
ROA
-233.2%▼
2021 · -42.9%
Debt ≤ 1 year
€16,340▲
2021 · €7,599
Staff costs
€9,408▲
2021 · €762
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| Average over the year, in full-time equivalents | 0.3 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2021 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €25,900 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €762 | €9,408 | ▲ 12× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,417 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €221 | €1,632 | ▲ 638% |
| Non-recurring operating charges66A | - | - | - | - | €7,912 | - |
| Gross operating margin9900 | €45,846 | €34,401 | €8,403 | -€2,878 | €6,397 | - |
| Operating profit (loss)9901 | €6,051 | -€4,886 | -€455 | -€3,860 | -€12,555 | ▼ 225% |
| Recurring financial income75 | - | €1 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €159 | €122 | ▼ 23.2% |
| Recurring financial charges65 | €250 | €168 | €202 | €159 | €122 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €5,801 | -€5,054 | -€657 | -€4,019 | -€12,677 | ▼ 215% |
| Profit (loss) for the period9904 | €5,801 | -€5,054 | -€657 | -€4,019 | -€12,677 | ▼ 215% |
| Profit (loss) for the period to be appropriated9905 | €5,801 | -€5,054 | -€657 | -€4,019 | -€12,677 | ▼ 215% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,013 | €10,547 | €33,123 | €9,373 | €5,437 | ▼ 42.0% |
| Fixed assets21/28 | €5,365 | €5,365 | €3,665 | €3,665 | €3,445 | ▼ 6.0% |
| Financial fixed assets28 | €5,365 | €5,365 | €3,665 | €3,665 | €3,445 | ▼ 6.0% |
| Current assets29/58 | €11,648 | €5,182 | €29,458 | €5,708 | €1,992 | ▼ 65.1% |
| Stocks and contracts in progress3 | €402 | €587 | €467 | €467 | €1,595 | ▲ 242% |
| Stocks30/36 | - | - | - | €467 | €1,595 | ▲ 242% |
| Amounts receivable within one year40/41 | €977 | €4,058 | €28,560 | €3,836 | - | - |
| Trade receivables40 | - | - | - | €3,140 | - | - |
| Other amounts receivable41 | - | - | - | €697 | - | - |
| Cash at bank and in hand54/58 | €1,470 | €537 | €431 | €1,311 | €176 | ▼ 86.6% |
| Deferred charges and accrued income490/1 | - | - | - | €93 | €221 | ▲ 138% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,013 | €10,547 | €33,123 | €9,373 | €5,437 | ▼ 42.0% |
| Equity10/15 | €11,504 | €6,450 | €5,793 | €1,774 | -€10,903 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€7,096 | -€12,150 | -€12,807 | -€16,826 | -€29,503 | ▼ 75.3% |
| Amounts payable17/49 | €5,510 | €4,097 | €27,330 | €7,599 | €16,340 | ▲ 115% |
| Amounts payable within one year42/48 | €5,510 | €4,097 | €27,330 | €7,599 | €16,340 | ▲ 115% |
| Trade debts44 | €446 | €217 | €1,576 | - | €2,805 | - |
| Suppliers440/4 | - | - | - | - | €1,014 | - |
| Bills of exchange payable441 | - | - | - | - | €1,791 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,132 | €653 | ▼ 42.3% |
| Taxes450/3 | - | - | - | - | €595 | - |
| Remuneration and social security454/9 | - | - | - | €1,132 | €58 | ▼ 94.9% |
| Other amounts payable47/48 | - | - | - | €6,467 | €12,882 | ▲ 99.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,801 | -€5,054 | -€657 | -€4,019 | -€12,677 | ▼ 215% |
| + Depreciation and write-downs630 | €1,417 | - | - | - | - | - |
| Operating cash flow (approximation) | €7,219 | -€5,054 | -€657 | -€4,019 | -€12,677 | ▼ 215% |
| Investment in fixed assets (approximation) | - | €0 | €1,700 | €0 | €220 | - |
| Change in cash | - | -€933 | -€106 | €880 | -€1,135 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 29-09-2023 | 2023-00474632 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20421231 | |
| 31-12-2020 | micro format | 29-08-2021 | 2021-59300535 | |
| 31-12-2019 | full format | 23-06-2020 | 2020-19900280 | |
| 31-12-2018 | full format | 17-06-2019 | 2019-19200082 | |
| 31-12-2017 | full format | 14-06-2018 | 2018-18700061 | |
| 31-12-2016 | full format | 31-05-2017 | 2017-14100026 | |
| 31-12-2015 | full format | 09-08-2016 | 2016-41400192 | |
| 31-12-2014 | full format | 20-07-2015 | 2015-32600313 | |
| 31-12-2013 | full format | 06-08-2014 | 2014-40100393 |