INNOLOGIC
InactiveFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 10-07-2024 PDF all 4 filings
Turnover
≈ €1.3m
Estimated: probably between €760,000 and €2.2m
Total assets
€691,649▼ 3.5%
2022 · €716,553
Net result
-€5,958
2022 · €44,563
Working capital
€265,052▼ 10.6%
2022 · €296,335
Multi-year overview
2020 to 2023, 4 financial yearsOperating result
-€4,127
2023
20202023
Net result
-€5,958
2023
20202023
Equity
€336,431
▼ 1.7%
2023
20202023
Total assets
€691,649
▼ 3.5%
2023
20202023
Debt
€355,219
▼ 5.1%
2023
20202023
Working capital
€265,052
▼ 10.6%
2023
20202023
Staff (FTE)
8.2
▲ 1.2%
2023
20202023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Operating result€110,336-€295,380▲ 168%€63,010▼ 78.7%-€4,127
Net result€72,973-€214,852▲ 194%€44,563▼ 79.3%-€5,958
Equity€82,973-€297,825▲ 259%€342,388▲ 15.0%€336,431▼ 1.7%
Total assets€205,860-€496,981▲ 141%€716,553▲ 44.2%€691,649▼ 3.5%
Debt€122,887-€199,156▲ 62.1%€374,164▲ 87.9%€355,219▼ 5.1%
Working capital€82,973-€322,888▲ 289%€296,335▼ 8.2%€265,052▼ 10.6%
Staff (FTE)9.5-9.1▼ 4.2%8.1▼ 11.0%8.2▲ 1.2%
The operating result for 2023 is a loss of €4,127, after a profit of €63,010 in 2022. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €691,649
Fixed assets
€71,378 ▼ 8.0%
Current assets
€620,271 ▼ 2.9%
Equity and liabilities €691,649
Equity
€336,431 ▼ 1.7%
Debt
€355,219 ▼ 5.1%
Debt's share of the balance-sheet total falls from 52.2% to 51.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15,325▼
2022 · €77,145
Cash flow
€13,493▼
2022 · €58,698
Current ratio
1.75▼
2022 · 1.86
Debt to equity
1.06▼
2022 · 1.09
ROE
-1.8%▼
2022 · 13.0%
ROA
-0.9%▼
2022 · 6.2%
Interest coverage
5.24▼
2022 · 23.53
Debt ≤ 1 year
€355,219▲
2022 · €342,633
Income taxes
€7,613▼
2022 · €15,169
Staff costs
€518,913▲
2022 · €467,710
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 9 | 8 |
| full-time | 8 | 7 |
| part-time | 1 | 1 |
| in full-time equivalents | 8.4 | 7.4 |
| Average over the year, in full-time equivalents | 8.1 | 8.2 |
| On a permanent contract | 9 | 8 |
| Joined | 5 | 0 |
| Left | 3 | 1 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Securities and guarantees
| Item | 2022 | 2023 |
|---|---|---|
| Debts secured on the company's own assets | €14,296 | - |
Source: notes to the 2022 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Tangible fixed assets | €85,252 | €13,245 |
| Depreciation and write-downs of the year | €14,135 | €19,451 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €25,000 awarded · €25,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | -€25,000 | €0 |
| 2022 | 1 | €50,000 | €25,000 |
Schemes
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €467,710 | €518,913 | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,418 | €14,135 | €19,451 | ▲ 37.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €9,980 | - | - |
| Other operating charges640/8 | - | - | €998 | €1,036 | ▲ 3.8% |
| Gross operating margin9900 | €544,347 | €774,885 | €555,834 | €535,275 | ▼ 3.7% |
| Operating profit (loss)9901 | €110,336 | €295,380 | €63,010 | -€4,127 | - |
| Financial income75/76B | - | - | - | €8,709 | - |
| Recurring financial income75 | - | €7 | - | €8,709 | - |
| Financial charges65/66B | - | - | €3,278 | €2,927 | ▼ 10.7% |
| Recurring financial charges65 | €1,928 | €3,004 | €3,278 | €2,927 | ▼ 10.7% |
| Profit (loss) for the period before taxes9903 | €108,408 | €292,383 | €59,732 | €1,655 | ▼ 97.2% |
| Income taxes67/77 | €35,435 | €77,531 | €15,169 | €7,613 | ▼ 49.8% |
| Profit (loss) for the period9904 | €72,973 | €214,852 | €44,563 | -€5,958 | - |
| Profit (loss) for the period to be appropriated9905 | €72,973 | €214,852 | €44,563 | -€5,958 | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €205,860 | €496,981 | €716,553 | €691,649 | ▼ 3.5% |
| Fixed assets21/28 | - | €6,468 | €77,585 | €71,378 | ▼ 8.0% |
| Tangible fixed assets22/27 | - | €6,468 | €77,585 | €71,378 | ▼ 8.0% |
| Land and buildings22 | - | - | €8,734 | €7,585 | ▼ 13.2% |
| Plant, machinery and equipment23 | - | - | €36,126 | €57,336 | ▲ 58.7% |
| Furniture and vehicles24 | - | - | €9,053 | €6,457 | ▼ 28.7% |
| Leasing and similar rights25 | - | - | €23,671 | - | - |
| Current assets29/58 | €205,860 | €490,513 | €638,968 | €620,271 | ▼ 2.9% |
| Amounts receivable within one year40/41 | €188,698 | €413,641 | €625,552 | €598,681 | ▼ 4.3% |
| Trade receivables40 | - | - | €625,552 | €586,293 | ▼ 6.3% |
| Other amounts receivable41 | - | - | - | €12,387 | - |
| Cash at bank and in hand54/58 | €16,462 | €73,674 | €12,732 | €21,590 | ▲ 69.6% |
| Deferred charges and accrued income490/1 | - | - | €685 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €205,860 | €496,981 | €716,553 | €691,649 | ▼ 3.5% |
| Equity10/15 | €82,973 | €297,825 | €342,388 | €336,431 | ▼ 1.7% |
| Contributions10/11 | - | - | €10,000 | €10,000 | = |
| Reserves13 | €72,973 | €287,825 | €332,388 | €326,431 | ▼ 1.8% |
| Distributable reserves133 | - | - | €332,388 | €326,431 | ▼ 1.8% |
| Amounts payable17/49 | €122,887 | €199,156 | €374,164 | €355,219 | ▼ 5.1% |
| Amounts payable within one year42/48 | €122,887 | €167,625 | €342,633 | €355,219 | ▲ 3.7% |
| Current portion of amounts payable after more than one year42 | - | - | €14,296 | - | - |
| Trade debts44 | €72,978 | €50,011 | €194,041 | €337,347 | ▲ 73.9% |
| Suppliers440/4 | - | - | €194,041 | €337,347 | ▲ 73.9% |
| Taxes, remuneration and social security45 | - | - | €134,296 | €17,871 | ▼ 86.7% |
| Taxes450/3 | - | - | €82,901 | €17,871 | ▼ 78.4% |
| Remuneration and social security454/9 | - | - | €51,396 | - | - |
| Accrued charges and deferred income492/3 | - | - | €31,531 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,973 | €214,852 | €44,563 | -€5,958 | - |
| + Depreciation and write-downs630 | - | €1,418 | €14,135 | €19,451 | ▲ 37.6% |
| Operating cash flow (approximation) | €72,973 | €216,270 | €58,698 | €13,493 | ▼ 77.0% |
| Investment in fixed assets (approximation) | - | - | -€85,252 | -€13,245 | ▲ 84.5% |
| Change in cash | - | €57,212 | -€60,942 | €8,859 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.