INTERMEDIUM
InactiveFinancials · financial year 2022, micro format
Annual accounts 2022 filed on 26-05-2023 PDF all 20 filings
Turnover
≈ €280,000
Estimated: probably between €190,000 and €430,000
Total assets
€339,173▼ 11.5%
2021 · €383,227
Net result
€86,474▼ 30.5%
2021 · €124,424
Working capital
€219,645▲ 75.0%
2021 · €125,506
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is 34% lower than in 2021. It is the second fall in a row.
Operating result€108,395
2022
Net result€86,474
2022
Total assets€339,173
2022
Equity€217,231
2022
Debt€121,942
2022
Working capital€219,645
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€7,831-€82,645▲ 955%€173,312▲ 110%€163,848▼ 5.5%€108,395▼ 33.8%
Net result€6,521-€66,641▲ 922%€136,790▲ 105%€124,424▼ 9.0%€86,474▼ 30.5%
Equity€67,902-€69,543▲ 2.4%€106,333▲ 52.9%€130,758▲ 23.0%€217,231▲ 66.1%
Total assets€177,536-€202,526▲ 14.1%€343,523▲ 69.6%€383,227▲ 11.6%€339,173▼ 11.5%
Debt€109,634-€132,983▲ 21.3%€237,190▲ 78.4%€252,469▲ 6.4%€121,942▼ 51.7%
Working capital€90,054-€71,303▼ 20.8%€102,610▲ 43.9%€125,506▲ 22.3%€219,645▲ 75.0%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €339,173
Fixed assets
€2,282 ▼ 77.3%
Current assets
€336,891 ▼ 9.7%
Equity and liabilities €339,173
Equity
€217,231 ▲ 66.1%
Debt
€121,942 ▼ 51.7%
Debt's share of the balance-sheet total falls from 65.9% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109,619▼
2021 · €169,409
Cash flow
€87,698▼
2021 · €129,986
Current ratio
2.87▲
2021 · 1.51
Quick ratio
2.84▲
2021 · 1.49
Debt to equity
0.56▼
2021 · 1.93
ROE
39.8%▼
2021 · 95.2%
ROA
25.5%▼
2021 · 32.5%
Interest coverage
over 100▲
2021 · 40.21
Debt ≤ 1 year
€117,246▼
2021 · €247,646
Debt > 1 year
€1,000=
2021 · €1,000
Income taxes
€23,775▼
2021 · €40,858
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €6,011 | €2,203 |
| Depreciation and write-downs of the year | €5,561 | €1,224 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,093 | €8,786 | €7,852 | €5,561 | €1,224 | ▼ 78.0% |
| Other operating charges640/8 | - | - | - | €1,708 | €2,628 | ▲ 53.9% |
| Non-recurring operating charges66A | - | - | - | €3,678 | - | - |
| Gross operating margin9900 | €16,403 | €93,436 | €182,178 | €174,795 | €112,247 | ▼ 35.8% |
| Operating profit (loss)9901 | €7,831 | €82,645 | €173,312 | €163,848 | €108,395 | ▼ 33.8% |
| Financial income75/76B | - | - | - | €5,647 | €2,868 | ▼ 49.2% |
| Recurring financial income75 | €4,576 | €6,028 | €9,292 | €5,647 | €2,868 | ▼ 49.2% |
| Financial charges65/66B | - | - | - | €4,213 | €1,014 | ▼ 75.9% |
| Recurring financial charges65 | €1,889 | €1,681 | €900 | €4,213 | €1,014 | ▼ 75.9% |
| Profit (loss) for the period before taxes9903 | €10,518 | €86,993 | €181,704 | €165,283 | €110,249 | ▼ 33.3% |
| Income taxes67/77 | €3,996 | €20,351 | €44,914 | €40,858 | €23,775 | ▼ 41.8% |
| Profit (loss) for the period9904 | €6,521 | €66,641 | €136,790 | €124,424 | €86,474 | ▼ 30.5% |
| Profit (loss) for the period to be appropriated9905 | €6,437 | €66,641 | €136,790 | €124,424 | €86,474 | ▼ 30.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177,536 | €202,526 | €343,523 | €383,227 | €339,173 | ▼ 11.5% |
| Fixed assets21/28 | €18,480 | €20,644 | €15,792 | €10,075 | €2,282 | ▼ 77.3% |
| Intangible fixed assets21 | €772 | €386 | - | - | - | - |
| Tangible fixed assets22/27 | €17,708 | €20,258 | €15,792 | €10,075 | €2,282 | ▼ 77.3% |
| Plant, machinery and equipment23 | - | - | - | €5,333 | €1,312 | ▼ 75.4% |
| Furniture and vehicles24 | - | - | - | €4,742 | €970 | ▼ 79.5% |
| Current assets29/58 | €159,056 | €181,881 | €327,731 | €373,152 | €336,891 | ▼ 9.7% |
| Stocks and contracts in progress3 | €8,305 | €10,105 | €4,000 | €4,000 | €4,000 | = |
| Stocks30/36 | - | - | - | €4,000 | €4,000 | = |
| Amounts receivable within one year40/41 | €72,219 | €124,323 | €200,379 | €105,494 | €88,340 | ▼ 16.3% |
| Trade receivables40 | - | - | - | €26,321 | €86,003 | ▲ 227% |
| Other amounts receivable41 | - | - | - | €79,174 | €2,337 | ▼ 97.0% |
| Cash at bank and in hand54/58 | €41,458 | €45,550 | €120,927 | €262,566 | €242,111 | ▼ 7.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,092 | €2,440 | ▲ 123% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177,536 | €202,526 | €343,523 | €383,227 | €339,173 | ▼ 11.5% |
| Equity10/15 | €67,902 | €69,543 | €106,333 | €130,758 | €217,231 | ▲ 66.1% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | = |
| Reserves13 | €6,402 | €6,402 | €6,402 | €30,826 | €30,826 | = |
| Non-distributable reserves130/1 | - | - | - | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | - | - | €252 | €252 | = |
| Distributable reserves133 | - | - | - | €24,424 | €24,424 | = |
| Profit (loss) carried forward14 | - | €1,641 | €38,431 | €38,431 | €124,905 | ▲ 225% |
| Amounts payable17/49 | €109,634 | €132,983 | €237,190 | €252,469 | €121,942 | ▼ 51.7% |
| Amounts payable after more than one year17 | €29,959 | €18,571 | €5,993 | €1,000 | €1,000 | = |
| Other amounts payable178/9 | - | - | - | €1,000 | €1,000 | = |
| Amounts payable within one year42/48 | €69,002 | €110,579 | €225,121 | €247,646 | €117,246 | ▼ 52.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,398 | €5,869 | ▼ 37.5% |
| Trade debts44 | €19,216 | €17,199 | €39,214 | €30,477 | €10,005 | ▼ 67.2% |
| Suppliers440/4 | - | - | - | €30,477 | €10,005 | ▼ 67.2% |
| Taxes, remuneration and social security45 | - | - | - | €107,771 | €101,372 | ▼ 5.9% |
| Taxes450/3 | - | - | - | €107,771 | €101,372 | ▼ 5.9% |
| Other amounts payable47/48 | - | - | - | €100,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €3,823 | €3,696 | ▼ 3.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,521 | €66,641 | €136,790 | €124,424 | €86,474 | ▼ 30.5% |
| + Depreciation and write-downs630 | €7,093 | €8,786 | €7,852 | €5,561 | €1,224 | ▼ 78.0% |
| Operating cash flow (approximation) | €13,614 | €75,428 | €144,642 | €129,986 | €87,698 | ▼ 32.5% |
| Investment in fixed assets (approximation) | - | -€10,950 | -€3,000 | €156 | €6,569 | ▲ 42× |
| Change in cash | - | €4,092 | €75,377 | €141,639 | -€20,455 | - |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 26-05-2023 | 2023-00096832 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20442898 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70000486 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-65000026 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-66500381 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-65400409 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-63600511 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55700159 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-54100273 | |
| 31-12-2013 | abbreviated format | 30-08-2014 | 2014-57500283 |