INFOROAD
InactiveFinancials · fiscal year 2022, abbreviated schema
Turnover
€733,870▼ 17.7%
2021 · €891,416
EBIT margin
5.5%▼ 1.4pp
2021 · 6.8%
Net result
€27,353▼ 36.6%
2021 · €43,138
Working capital
€260,936▲ 11.9%
2021 · €233,226
Trend over the years
2020 to 2022, 3 fiscal years
The operating result has fallen two years in a row; 2022 is 34% below 2021 and is the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€0.7m
2022
Operating result€0.04m
2022
Net result€0.03m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.4m
2022
Equity€0.3m
2022
Debt€0.1m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin5.5%
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)0.9
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Turnover€2.0m-€0.9m▼ 56.1%€0.7m▼ 17.7%
Operating result€0.2m-€0.06m▼ 67.5%€0.04m▼ 34.1%
Net result€0.1m-€0.04m▼ 66.5%€0.03m▼ 36.6%
EBIT margin9.2%-6.8%▼ 2.4pp5.5%▼ 1.4pp
Equity€0.2m-€0.2m▲ 22.6%€0.3m▲ 11.7%
Total assets€0.4m-€0.4m▼ 9.2%€0.4m▲ 0.2%
Debt€0.3m-€0.2m▼ 32.9%€0.1m▼ 15.4%
Working capital€0.2m-€0.2m▲ 22.1%€0.3m▲ 11.9%
Staff (FTE)10.9▼ 10.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €407,388
Fixed assets
€496 ▼ 41.9%
Current assets
€406,893 ▲ 0.3%
Equity and liabilities €407,388
Equity
€261,432 ▲ 11.7%
Debt
€145,957 ▼ 15.4%
Debt's share of the balance-sheet total falls from 42.4% to 35.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,519▼
2021 · €61,172
Cash flow
€27,710▼
2021 · €43,357
Current ratio
2.79▲
2021 · 2.35
Debt to equity
0.56▼
2021 · 0.74
ROE
10.5%▼
2021 · 18.4%
ROA
6.7%▼
2021 · 10.6%
Interest coverage
26.49▼
2021 · 51.94
Debt ≤ 1 year
€145,957▼
2021 · €172,568
Income taxes
€11,645▼
2021 · €16,977
Staff costs
€67,996▲
2021 · €37,392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €2.0m | €0.9m | €0.7m | ▼ 17.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €0.8m | €0.7m | ▼ 19.5% |
| Remuneration, social security and pensions62 | - | €0.04m | €0.07m | ▲ 81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €220 | €358 | ▲ 62.9% |
| Other operating charges640/8 | - | €0.001m | €0.001m | ▲ 8.1% |
| Gross operating margin9900 | €0.2m | €0.1m | €0.1m | ▲ 10.1% |
| Operating profit (loss)9901 | €0.2m | €0.06m | €0.04m | ▼ 34.1% |
| Financial income75/76B | - | €340 | €366 | ▲ 7.7% |
| Recurring financial income75 | €349 | €340 | €366 | ▲ 7.7% |
| Financial charges65/66B | - | €0.001m | €0.002m | ▲ 29.9% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.002m | ▲ 29.9% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.06m | €0.04m | ▼ 35.1% |
| Income taxes67/77 | €0.06m | €0.02m | €0.01m | ▼ 31.4% |
| Profit (loss) for the period9904 | €0.1m | €0.04m | €0.03m | ▼ 36.6% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.04m | €0.03m | ▼ 36.6% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €448,055 | €406,647 | €407,388 | ▲ 0.2% |
| Fixed assets21/28 | - | €853 | €496 | ▼ 41.9% |
| Tangible fixed assets22/27 | - | €853 | €496 | ▼ 41.9% |
| Plant, machinery and equipment23 | - | €853 | €496 | ▼ 41.9% |
| Current assets29/58 | €448,055 | €405,794 | €406,893 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €437,955 | €395,533 | €401,695 | ▲ 1.6% |
| Trade receivables40 | - | €194,655 | €104,521 | ▼ 46.3% |
| Other amounts receivable41 | - | €200,878 | €297,174 | ▲ 47.9% |
| Cash at bank and in hand54/58 | €10,100 | €10,116 | €5,053 | ▼ 50.0% |
| Deferred charges and accrued income490/1 | - | €145 | €145 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €448,055 | €406,647 | €407,388 | ▲ 0.2% |
| Equity10/15 | €190,941 | €234,079 | €261,432 | ▲ 11.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | = |
| Reserves13 | €127,200 | €170,200 | €198,200 | ▲ 16.5% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €164,000 | €192,000 | ▲ 17.1% |
| Profit (loss) carried forward14 | €1,741 | €1,879 | €1,232 | ▼ 34.4% |
| Amounts payable17/49 | €257,114 | €172,568 | €145,957 | ▼ 15.4% |
| Amounts payable within one year42/48 | €257,114 | €172,568 | €145,957 | ▼ 15.4% |
| Trade debts44 | €217,773 | €102,685 | €109,666 | ▲ 6.8% |
| Suppliers440/4 | - | €102,685 | €109,666 | ▲ 6.8% |
| Taxes, remuneration and social security45 | - | €69,883 | €36,290 | ▼ 48.1% |
| Taxes450/3 | - | €65,656 | €28,645 | ▼ 56.4% |
| Remuneration and social security454/9 | - | €4,226 | €7,645 | ▲ 80.9% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €128,941 | €43,138 | €27,353 | ▼ 36.6% |
| + Depreciation and write-downs630 | €1,074 | €220 | €358 | ▲ 62.9% |
| Operating cash flow (approximation) | €130,016 | €43,357 | €27,710 | ▼ 36.1% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €15 | -€5,063 | ▼ 32,783% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.