IMMO-VANACK
InactiveFinancials · financial year 2023, abbreviated format
Turnover
≈ €610,000
Estimated: probably between €370,000 and €1.0m
Total assets
€711,872▼ 34.9%
2022 · €1.1m
Net result
€196,477▼ 51.7%
2022 · €406,710
Working capital
€596,675▼ 31.4%
2022 · €870,185
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result falls in 2023; 2023 is 53% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2023
Net result€0.2m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.7m
2023
Equity€0.7m
2023
Debt€0.04m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.6m
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.03m-€0.02m▼ 38.9%€0.02m▲ 6.9%€0.2m▲ 958%€0.5m▲ 178%€0.2m▼ 52.7%
Net result€0.02m-€0.004m▼ 81.6%€0.009m▲ 116%€0.1m▲ 16×€0.4m▲ 181%€0.2m▼ 51.7%
Equity€0.5m-€0.5m▲ 0.8%€0.5m▲ 1.8%€0.7m▲ 28.0%€1.1m▲ 61.5%€0.7m▼ 37.8%
Total assets€0.5m-€0.5m▼ 0.7%€0.6m▲ 11.8%€0.7m▲ 15.5%€1.1m▲ 62.3%€0.7m▼ 34.9%
Debt€0.02m-€0.01m▼ 13.4%€0.07m▲ 377%€0.01m▼ 81.7%€0.01m▲ 23.0%€0.04m▲ 147%
Working capital€0.1m-€0.1m▲ 20.5%€0.2m▲ 68.5%€0.3m▲ 56.5%€0.9m▲ 149%€0.6m▼ 31.4%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
- 2022 Net result +181% on 2021. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €711,872
Fixed assets
€79,000 ▼ 62.2%
Current assets
€632,872 ▼ 28.4%
Equity and liabilities €711,872
Equity
€664,954 ▼ 37.8%
Provisions
€10,000 =
Debt
€36,917 ▲ 147%
Debt's share of the balance-sheet total rises from 1.4% to 5.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€252,590▼
2022 · €528,133
Cash flow
€206,116▼
2022 · €420,669
Current ratio
17.48▼
2022 · 62.12
Debt to equity
0.06▲
2022 · 0.01
ROE
29.5%▼
2022 · 38.1%
ROA
27.6%▼
2022 · 37.2%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€36,197▲
2022 · €14,238
Income taxes
€67,275▼
2022 · €139,503
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 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €161,362 | €499,799 | €247,733 | ▼ 50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,132 | €28,132 | €28,132 | €24,825 | €13,959 | €9,638 | ▼ 31.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €10,000 | - | - |
| Other operating charges640/8 | - | - | - | €7,717 | €6,080 | €4,788 | ▼ 21.2% |
| Gross operating margin9900 | €62,069 | €51,808 | €53,489 | €217,272 | €544,213 | €257,379 | ▼ 52.7% |
| Operating profit (loss)9901 | €26,748 | €16,338 | €17,460 | €184,730 | €514,174 | €242,952 | ▼ 52.7% |
| Financial income75/76B | - | - | - | €10,628 | €33,862 | €21,271 | ▼ 37.2% |
| Recurring financial income75 | €86 | €2,233 | €4,620 | €10,628 | €33,862 | €21,271 | ▼ 37.2% |
| Financial charges65/66B | - | - | - | €1,434 | €1,823 | €470 | ▼ 74.2% |
| Recurring financial charges65 | €98 | -€34 | €2,055 | €1,434 | €1,823 | €470 | ▼ 74.2% |
| Profit (loss) for the period before taxes9903 | €26,736 | €18,604 | €20,026 | €193,924 | €546,213 | €263,752 | ▼ 51.7% |
| Income taxes67/77 | €3,546 | €14,328 | €10,799 | €49,317 | €139,503 | €67,275 | ▼ 51.8% |
| Profit (loss) for the period9904 | €23,190 | €4,276 | €9,227 | €144,607 | €406,710 | €196,477 | ▼ 51.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €5,915 | €5,915 | €2,837 | ▼ 52.0% |
| Profit (loss) for the period to be appropriated9905 | €29,105 | €10,191 | €15,142 | €150,522 | €412,625 | €199,314 | ▼ 51.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.5m | €0.5m | €0.6m | €0.7m | €1.1m | €0.7m | ▼ 34.9% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 62.2% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 62.3% |
| Land and buildings22 | - | - | - | €0.3m | €0.2m | €0.08m | ▼ 62.3% |
| Financial fixed assets28 | €281 | €281 | €281 | €281 | €248 | €248 | = |
| Current assets29/58 | €0.1m | €0.1m | €0.2m | €0.4m | €0.9m | €0.6m | ▼ 28.4% |
| Amounts receivable within one year40/41 | €84 | - | €0.001m | €0.009m | €0.4m | - | - |
| Other amounts receivable41 | - | - | - | €0.009m | €0.4m | - | - |
| Current investments50/53 | - | €0.1m | €0.2m | €0.3m | €0.4m | €0.6m | ▲ 49.4% |
| Cash at bank and in hand54/58 | €0.1m | €0.009m | €0.02m | €0.08m | €0.05m | €0.03m | ▼ 43.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.5m | €0.5m | €0.6m | €0.7m | €1.1m | €0.7m | ▼ 34.9% |
| Equity10/15 | €0.5m | €0.5m | €0.5m | €0.7m | €1.1m | €0.7m | ▼ 37.8% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.09m | €0.08m | €0.07m | €0.07m | €1.0m | €0.6m | ▼ 41.5% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.05m | €0.04m | €0.04m | ▼ 6.6% |
| Distributable reserves133 | - | - | - | - | €0.9m | €0.5m | ▼ 44.0% |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.5m | - | - | - |
| Provisions and deferred taxes16 | €0.006m | - | - | - | €0.01m | €0.01m | = |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0.01m | €0.01m | = |
| Major repairs and maintenance162 | - | - | - | - | €0.01m | €0.01m | = |
| Amounts payable17/49 | €0.02m | €0.01m | €0.07m | €0.01m | €0.01m | €0.04m | ▲ 147% |
| Amounts payable after more than one year17 | - | - | €0.05m | - | - | - | - |
| Amounts payable within one year42/48 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.04m | ▲ 154% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | - | - | - |
| Trade debts44 | - | €0.002m | - | €0.002m | - | - | - |
| Suppliers440/4 | - | - | - | €0.002m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €0.01m | €0.008m | ▼ 17.4% |
| Taxes450/3 | - | - | - | - | €0.01m | €0.008m | ▼ 17.4% |
| Other amounts payable47/48 | - | - | - | - | €0.004m | €0.03m | ▲ 599% |
| Accrued charges and deferred income492/3 | - | - | - | €85 | €0.001m | €0.001m | ▲ 5.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,190 | €4,276 | €9,227 | €144,607 | €406,710 | €196,477 | ▼ 51.7% |
| + Depreciation and write-downs630 | €28,132 | €28,132 | €28,132 | €24,825 | €13,959 | €9,638 | ▼ 31.0% |
| Operating cash flow (approximation) | €51,322 | €32,408 | €37,359 | €169,432 | €420,669 | €206,116 | ▼ 51.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €11,290 | €89,200 | €120,333 | ▲ 34.9% |
| Change in cash | - | -€112,280 | €13,873 | €62,271 | -€35,070 | -€21,552 | ▲ 38.5% |
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 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 19-07-2024 | 2024-00269901 |
| 31-12-2022 | abbreviated format | 30-07-2023 | 2023-00303337 |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20057038 |
| 31-12-2020 | micro format | 14-07-2021 | 2021-35100591 |
| 31-12-2019 | abbreviated format | 06-07-2020 | 2020-26500152 |
| 31-12-2018 | abbreviated format | 15-07-2019 | 2019-33000455 |
| 31-12-2017 | abbreviated format | 16-07-2018 | 2018-33600089 |
| 31-12-2016 | abbreviated format | 09-08-2017 | 2017-42400087 |
| 31-12-2015 | abbreviated format | 20-06-2016 | 2016-19600154 |
| 31-12-2014 | abbreviated format | 16-06-2015 | 2015-17900544 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.