INFINITY PHARMA
InactiveFinancials · financial year 2020, full format
Annual accounts 2020 filed on 25-05-2021 PDF all 14 filings
Turnover
€5.8m▲ 11.3%
2019 · €5.2m
EBIT margin
6.9%▼ 4.0pp
2019 · 10.9%
Net result
€177,320▼ 38.9%
2019 · €290,417
Working capital
€1.5m▲ 15.0%
2019 · €1.3m
Multi-year overview
2018 to 2020, 3 financial yearsTurnover
€5.8m
▲ 11.3%
2020
20182020
Operating result
€404,614
▼ 29.1%
2020
20182020
Net result
€177,320
▼ 38.9%
2020
20182020
EBIT margin
6.9%
▼ 4.0pp
2020
20182020
Equity
€1.5m
▲ 13.6%
2020
20182020
Total assets
€3.2m
▲ 14.9%
2020
20182020
Debt
€1.7m
▲ 16.4%
2020
20182020
Working capital
€1.5m
▲ 15.0%
2020
20182020
Staff (FTE)
9
▲ 7.1%
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Turnover€5.1m-€5.2m▲ 2.6%€5.8m▲ 11.3%
Operating result€0.7m-€0.6m▼ 17.3%€0.4m▼ 29.1%
Net result€0.4m-€0.3m▼ 26.4%€0.2m▼ 38.9%
EBIT margin13.5%-10.9%▼ 2.6pp6.9%▼ 4.0pp
Equity€1.0m-€1.3m▲ 28.5%€1.5m▲ 13.6%
Total assets€5.0m-€2.8m▼ 44.2%€3.2m▲ 14.9%
Debt€4.0m-€1.5m▼ 62.8%€1.7m▲ 16.4%
Working capital€1.0m-€1.3m▲ 31.7%€1.5m▲ 15.0%
Staff (FTE)7.6-8.4▲ 10.5%9▲ 7.1%
The operating result for 2020 is 29% lower than in 2019 and the lowest since 2018. It is the second fall in a row.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €3.2m
Fixed assets
€16,852 ▼ 43.7%
Current assets
€3.2m ▲ 15.5%
Equity and liabilities €3.2m
Equity
€1.5m ▲ 13.6%
Provisions
€3,603 ▼ 54.5%
Debt
€1.7m ▲ 16.4%
Debt's share of the balance-sheet total rises from 53.0% to 53.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€417,687▼
2019 · €603,989
Cash flow
€190,394▼
2019 · €323,547
Current ratio
1.86▼
2019 · 1.87
Quick ratio
1.47▲
2019 · 1.27
ROE
11.9%▼
2019 · 22.2%
ROA
5.5%▼
2019 · 10.4%
Interest coverage
27.21▼
2019 · 29.70
Debt ≤ 1 year
€1.7m▲
2019 · €1.5m
Income taxes
€85,584▼
2019 · €153,292
Customer credit
1 day▼
2019 · 7 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €5.1m | €5.2m | €5.8m | ▲ 11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.03m | €0.01m | ▼ 60.5% |
| Operating profit (loss)9901 | €0.7m | €0.6m | €0.4m | ▼ 29.1% |
| Recurring financial income75 | €0.02m | €309 | €80 | ▼ 74.2% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.1m | ▲ 11.2% |
| Debt charges650 | €0.05m | €0.02m | €0.02m | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.4m | €0.3m | ▼ 40.7% |
| Income taxes67/77 | €0.2m | €0.2m | €0.09m | ▼ 44.2% |
| Profit (loss) for the period9904 | €0.4m | €0.3m | €0.2m | ▼ 38.9% |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.3m | €0.2m | ▼ 38.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5.0m | €2.8m | €3.2m | ▲ 14.9% |
| Fixed assets21/28 | €0.06m | €0.03m | €0.02m | ▼ 43.7% |
| Intangible fixed assets21 | €0.02m | €0.008m | €0.003m | ▼ 64.0% |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.01m | ▼ 37.3% |
| Financial fixed assets28 | €364 | €364 | €364 | = |
| Current assets29/58 | €5.0m | €2.8m | €3.2m | ▲ 15.5% |
| Stocks and contracts in progress3 | €0.7m | €0.9m | €0.7m | ▼ 22.9% |
| Amounts receivable within one year40/41 | €0.07m | €0.09m | €0.02m | ▼ 76.7% |
| Cash at bank and in hand54/58 | €4.2m | €1.8m | €2.5m | ▲ 41.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5.0m | €2.8m | €3.2m | ▲ 14.9% |
| Equity10/15 | €1.0m | €1.3m | €1.5m | ▲ 13.6% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.01m | €1.2m | €1.4m | ▲ 14.7% |
| Profit (loss) carried forward14 | €0.9m | - | - | - |
| Provisions and deferred taxes16 | €0.01m | €0.008m | €0.004m | ▼ 54.5% |
| Amounts payable17/49 | €4.0m | €1.5m | €1.7m | ▲ 16.4% |
| Amounts payable within one year42/48 | €4.0m | €1.5m | €1.7m | ▲ 15.9% |
| Trade debts44 | €0.8m | €0.9m | €1.2m | ▲ 43.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.3m | €0.2m | ▼ 38.9% |
| + Depreciation and write-downs630 | €0.04m | €0.03m | €0.01m | ▼ 60.5% |
| Operating cash flow (approximation) | €0.4m | €0.3m | €0.2m | ▼ 41.2% |
| Investment in fixed assets (approximation) | - | -€0.006m | €0 | - |
| Change in cash | - | -€2.5m | €0.7m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | full format | 25-05-2021 | 2021-15200033 | |
| 31-12-2019 | full format | 31-05-2020 | 2020-13900407 | |
| 31-12-2018 | full format | 16-05-2019 | 2019-13300507 | |
| 31-12-2017 | full format | 23-05-2018 | 2018-13600433 | |
| 31-12-2016 | full format | 24-05-2017 | 2017-13300316 | |
| 31-12-2015 | full format | 10-06-2016 | 2016-16900566 | |
| 31-12-2014 | full format | 16-06-2015 | 2015-17600600 | |
| 31-12-2013 | full format | 04-07-2014 | 2014-27800085 | |
| 31-12-2012 | full format | 26-06-2013 | 2013-23600542 | |
| 31-12-2011 | full format | 31-05-2012 | 2012-14700482 |