IRKA SECURITY
InactiveFinancials · financial year 2020, abbreviated format
2020 annual accounts filed 13 days after the deadline Filed on 13 November 2020, deadline 31 October 2020 (7 months after the close on 31 March 2020, Companies Code art. 3:10). Source: NBB, 2020-70500263.
Annual accounts 2020 filed on 13-11-2020 PDF all 28 filings
Turnover
≈ €390,000
Estimated: probably between €240,000 and €730,000
Total assets
€189,864▲ 13.1%
2019 · €167,834
Net result
€14,237
2019 · -€20,843
Working capital
€103,744▲ 36.7%
2019 · €75,873
Multi-year overview
2019 to 2020, 2 financial yearsOperating result
€13,391
2020
20192020
Net result
€14,237
2020
20192020
Equity
€100,219
▲ 25.3%
2020
20192020
Total assets
€189,864
▲ 13.1%
2020
20192020
Debt
€89,646
▲ 2.0%
2020
20192020
Working capital
€103,744
▲ 36.7%
2020
20192020
Staff (FTE)
4.8
▲ 4.3%
2020
20192020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020
Operating result-€10,218-€13,391
Net result-€20,843-€14,237
Equity€79,981-€100,219▲ 25.3%
Total assets€167,834-€189,864▲ 13.1%
Debt€87,852-€89,646▲ 2.0%
Working capital€75,873-€103,744▲ 36.7%
Staff (FTE)4.6-4.8▲ 4.3%
The operating result for 2020 is a profit of €13,391, after a loss of €10,218 in 2019.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €189,864
Fixed assets
€10,027 ▼ 25.4%
Current assets
€179,837 ▲ 16.5%
Equity and liabilities €189,864
Equity
€100,219 ▲ 25.3%
Debt
€89,646 ▲ 2.0%
Debt's share of the balance-sheet total falls from 52.3% to 47.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,806▲
2019 · -€2,436
Cash flow
€17,652▲
2019 · -€13,061
Current ratio
2.36▲
2019 · 1.97
Quick ratio
1.95▲
2019 · 1.57
Debt to equity
0.14▲
2019 · 0.12
ROE
14.2%▲
2019 · -26.1%
ROA
7.5%▲
2019 · -12.4%
Debt ≤ 1 year
€76,093▼
2019 · €78,519
Debt > 1 year
€13,553▲
2019 · €9,333
Income taxes
-€2,746▼
2019 · €10,599
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,782 | €3,415 | ▼ 56.1% |
| Gross operating margin9900 | €157,650 | €152,254 | ▼ 3.4% |
| Operating profit (loss)9901 | -€10,218 | €13,391 | - |
| Recurring financial income75 | €573 | €41 | ▼ 92.8% |
| Recurring financial charges65 | €1,800 | €1,941 | ▲ 7.8% |
| Profit (loss) for the period before taxes9903 | -€10,245 | €11,492 | - |
| Income taxes67/77 | €10,599 | -€2,746 | - |
| Profit (loss) for the period9904 | -€20,843 | €14,237 | - |
| Profit (loss) for the period to be appropriated9905 | -€20,843 | €14,237 | - |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €167,834 | €189,864 | ▲ 13.1% |
| Fixed assets21/28 | €13,442 | €10,027 | ▼ 25.4% |
| Tangible fixed assets22/27 | €12,669 | €9,254 | ▼ 27.0% |
| Financial fixed assets28 | €773 | €773 | = |
| Current assets29/58 | €154,392 | €179,837 | ▲ 16.5% |
| Stocks and contracts in progress3 | €31,424 | €31,424 | = |
| Amounts receivable within one year40/41 | €119,095 | €114,862 | ▼ 3.6% |
| Cash at bank and in hand54/58 | €552 | €33,487 | ▲ 61× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €167,834 | €189,864 | ▲ 13.1% |
| Equity10/15 | €79,981 | €100,219 | ▲ 25.3% |
| Contributions10/11 | €49,579 | €49,579 | = |
| Reserves13 | €54,299 | €54,299 | = |
| Profit (loss) carried forward14 | -€23,896 | -€3,659 | ▲ 84.7% |
| Amounts payable17/49 | €87,852 | €89,646 | ▲ 2.0% |
| Amounts payable after more than one year17 | €9,333 | €13,553 | ▲ 45.2% |
| Amounts payable within one year42/48 | €78,519 | €76,093 | ▼ 3.1% |
| Trade debts44 | €36,465 | €33,676 | ▼ 7.6% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€20,843 | €14,237 | - |
| + Depreciation and write-downs630 | €7,782 | €3,415 | ▼ 56.1% |
| Operating cash flow (approximation) | -€13,061 | €17,652 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €32,935 | - |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2020 | abbreviated format | 13-11-2020 | 2020-70500263 | |
| 31-03-2019 | micro format | 10-12-2019 | 2019-75800433 | |
| 31-03-2018 | micro format | 28-11-2018 | 2018-73100074 | |
| 31-03-2017 | micro format | 31-05-2018 | 2018-15100408 | |
| 31-03-2016 | abbreviated format | 31-05-2018 | 2018-15100406 | |
| 31-03-2015 | abbreviated format | 22-05-2017 | 2017-12900466 | |
| 31-03-2014 | abbreviated format | 16-03-2015 | 2015-06300163 | |
| 31-03-2013 | abbreviated format | 18-11-2013 | 2013-66200273 | |
| 31-03-2012 | abbreviated format | 22-03-2013 | 2013-07000565 | |
| 31-03-2011 | abbreviated format | 25-11-2011 | 2011-61800036 |