INJECT
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed late (74 days) Filed on 13 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00486369.
Equity
€39,505▼ 7.0%
2021 · €42,487
Total assets
€210,884▲ 28.8%
2021 · €163,714
Net result
-€2,981
2021 · €30,265
Working capital
-€9,687▼ 637%
2021 · -€1,314
Trend over the years
2020 to 2022, 3 financial years
The operating result has fallen two years in a row; 2022 is 100% below 2021 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€49
2022
Net result-€2,981
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€210,884
2022
Equity€39,505
2022
Debt€171,379
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€9,687
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)6.2
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022
Operating result€88,355-€40,821▼ 53.8%€49▼ 99.9%
Net result€68,667-€30,265▼ 55.9%-€2,981
Equity€12,222-€42,487▲ 248%€39,505▼ 7.0%
Total assets€145,420-€163,714▲ 12.6%€210,884▲ 28.8%
Debt€133,198-€121,227▼ 9.0%€171,379▲ 41.4%
Working capital-€47,268--€1,314▲ 97.2%-€9,687▼ 637%
Staff (FTE)3.1-3.6▲ 16.1%6.2▲ 72.2%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €209,183
Fixed assets
€73,836 ▼ 8.9%
Current assets
€135,346 ▲ 69.2%
Equity and liabilities €210,884
Equity
€39,505 ▼ 7.0%
Debt
€171,379 ▲ 41.4%
Debt's share of the balance-sheet total rises from 74.0% to 81.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,360▼
2021 · €62,971
Cash flow
€22,329▼
2021 · €52,415
Current ratio
0.93▼
2021 · 0.98
Quick ratio
0.85▲
2021 · 0.82
Debt to equity
4.34▲
2021 · 2.85
ROE
-7.5%▼
2021 · 71.2%
ROA
-1.4%▼
2021 · 18.5%
Interest coverage
6.89▼
2021 · 29.29
Debt ≤ 1 year
€145,034▲
2021 · €81,299
Debt > 1 year
€10,023▼
2021 · €24,066
Income taxes
€239▼
2021 · €8,407
Staff costs
€107,545▲
2021 · €42,986
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 |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €42,986 | €107,545 | ▲ 150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,863 | €22,150 | €25,311 | ▲ 14.3% |
| Other operating charges640/8 | - | €5,351 | €9,106 | ▲ 70.2% |
| Gross operating margin9900 | €154,614 | €111,308 | €142,010 | ▲ 27.6% |
| Operating profit (loss)9901 | €88,355 | €40,821 | €49 | ▼ 99.9% |
| Financial income75/76B | - | €1 | €891 | ▲ 857× |
| Recurring financial income75 | €24 | €1 | €891 | ▲ 857× |
| Financial charges65/66B | - | €2,150 | €3,682 | ▲ 71.2% |
| Recurring financial charges65 | €8,649 | €2,150 | €3,682 | ▲ 71.2% |
| Profit (loss) for the period before taxes9903 | €79,730 | €38,672 | -€2,742 | - |
| Income taxes67/77 | €11,063 | €8,407 | €239 | ▼ 97.2% |
| Profit (loss) for the period9904 | €68,667 | €30,265 | -€2,981 | - |
| Profit (loss) for the period to be appropriated9905 | €68,667 | €30,265 | -€2,981 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €145,420 | €163,714 | €210,884 | ▲ 28.8% |
| Formation expenses20 | €3,660 | €2,681 | €1,701 | ▼ 36.5% |
| Fixed assets21/28 | €81,557 | €81,049 | €73,836 | ▼ 8.9% |
| Tangible fixed assets22/27 | €80,207 | €79,699 | €72,486 | ▼ 9.0% |
| Land and buildings22 | - | €42,933 | €32,937 | ▼ 23.3% |
| Plant, machinery and equipment23 | - | €3,626 | €2,225 | ▼ 38.6% |
| Furniture and vehicles24 | - | €33,140 | €37,325 | ▲ 12.6% |
| Financial fixed assets28 | €1,350 | €1,350 | €1,350 | = |
| Current assets29/58 | €60,202 | €79,985 | €135,346 | ▲ 69.2% |
| Stocks and contracts in progress3 | €8,648 | €13,145 | €12,221 | ▼ 7.0% |
| Stocks30/36 | - | €13,145 | €12,221 | ▼ 7.0% |
| Amounts receivable within one year40/41 | €45,215 | €60,872 | €110,543 | ▲ 81.6% |
| Trade receivables40 | - | €49,059 | €77,619 | ▲ 58.2% |
| Other amounts receivable41 | - | €11,812 | €32,924 | ▲ 179% |
| Cash at bank and in hand54/58 | €3,666 | €4,708 | €1,660 | ▼ 64.7% |
| Deferred charges and accrued income490/1 | - | €1,260 | €10,922 | ▲ 767% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €145,420 | €163,714 | €210,884 | ▲ 28.8% |
| Equity10/15 | €12,222 | €42,487 | €39,505 | ▼ 7.0% |
| Contributions10/11 | - | €500 | €500 | = |
| Reserves13 | €11,722 | €41,987 | €41,987 | = |
| Distributable reserves133 | - | €41,987 | €41,987 | = |
| Profit (loss) carried forward14 | €0 | - | -€2,981 | - |
| Amounts payable17/49 | €133,198 | €121,227 | €171,379 | ▲ 41.4% |
| Amounts payable after more than one year17 | €24,472 | €24,066 | €10,023 | ▼ 58.4% |
| Financial debts170/4 | - | €24,066 | €10,023 | ▼ 58.4% |
| Amounts payable within one year42/48 | €107,471 | €81,299 | €145,034 | ▲ 78.4% |
| Current portion of amounts payable after more than one year42 | - | €14,361 | €14,856 | ▲ 3.4% |
| Financial debts43 | - | €0 | - | - |
| Credit institutions430/8 | - | €0 | - | - |
| Trade debts44 | €20,313 | €29,413 | €26,716 | ▼ 9.2% |
| Suppliers440/4 | - | €29,413 | €26,716 | ▼ 9.2% |
| Taxes, remuneration and social security45 | - | €37,525 | €103,462 | ▲ 176% |
| Taxes450/3 | - | €19,033 | €71,952 | ▲ 278% |
| Remuneration and social security454/9 | - | €18,493 | €31,510 | ▲ 70.4% |
| Other amounts payable47/48 | - | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €15,863 | €16,323 | ▲ 2.9% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,667 | €30,265 | -€2,981 | - |
| + Depreciation and write-downs630 | €24,863 | €22,150 | €25,311 | ▲ 14.3% |
| Operating cash flow (approximation) | €93,530 | €52,415 | €22,329 | ▼ 57.4% |
| Investment in fixed assets (approximation) | - | -€21,641 | -€18,098 | ▲ 16.4% |
| Change in cash | - | €1,042 | -€3,048 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 13-10-2023 | 2023-00486369 |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20443009 |
| 31-12-2020 | micro format | 08-04-2021 | 2021-10100365 |
Subsidies and aid
Flemish government
2024 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.