ITEM
InactiveFinancials · financial year 2022, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,180▼ 97.7%
2021 · €530,709
Working capital
€722,836▼ 0.4%
2021 · €725,656
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result turns negative in 2022: a loss of €5,027 after €705,969 in 2021, 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-€5,027
2022
Net result€12,180
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€734,259
2022
Equity€548,948
2022
Debt€11,423
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€722,836
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
Line20182019202020212022
Operating result€26,757-€207,574▲ 676%€32,230▼ 84.5%€705,969▲ 22×-€5,027
Net result€17,654-€132,935▲ 653%€23,630▼ 82.2%€530,709▲ 22×€12,180▼ 97.7%
Equity€79,495-€212,430▲ 167%€236,059▲ 11.1%€551,768▲ 134%€548,948▼ 0.5%
Total assets€128,325-€257,471▲ 101%€271,216▲ 5.3%€728,528▲ 169%€734,259▲ 0.8%
Debt€48,830-€45,041▼ 7.8%€35,157▼ 21.9%€2,872▼ 91.8%€11,423▲ 298%
Working capital€63,143-€194,818▲ 209%€216,489▲ 11.1%€725,656▲ 235%€722,836▼ 0.4%
Why a figure moved sharply
- 2022 Net result -98% on 2021. The accounts now follow the full format, last year the micro format.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €734,259
Equity
€548,948 ▼ 0.5%
Provisions
€173,888 =
Debt
€11,423 ▲ 298%
Debt's share of the balance-sheet total rises from 0.4% to 1.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
64.28
Debt to equity
0.02
ROE
2.2%▼
2021 · 96.2%
ROA
1.7%▼
2021 · 72.8%
Debt ≤ 1 year
€11,423▲
2021 · €2,872
Income taxes
€4,434▲
2021 · €3,015
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,037 | €7,037 | €7,037 | - | - | - |
| Gross operating margin9900 | €37,212 | €217,916 | €41,964 | €710,448 | -€5,027 | - |
| Operating profit (loss)9901 | €26,757 | €207,574 | €32,230 | €705,969 | -€5,027 | - |
| Financial income75/76B | - | - | - | - | €21,793 | - |
| Recurring financial income75 | - | €1,681 | €3,323 | €2,170 | €21,793 | ▲ 904% |
| Financial charges65/66B | - | - | - | - | €153 | - |
| Recurring financial charges65 | €956 | €810 | €624 | €527 | €153 | ▼ 71.0% |
| Profit (loss) for the period before taxes9903 | €25,801 | €208,445 | €34,929 | €707,611 | €16,614 | ▼ 97.7% |
| Income taxes67/77 | €8,147 | €75,510 | €11,299 | €3,015 | €4,434 | ▲ 47.0% |
| Profit (loss) for the period9904 | €17,654 | €132,935 | €23,630 | €530,709 | €12,180 | ▼ 97.7% |
| Profit (loss) for the period to be appropriated9905 | €17,654 | €132,935 | €23,630 | €9,046 | €12,180 | ▲ 34.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,325 | €257,471 | €271,216 | €728,528 | €734,259 | ▲ 0.8% |
| Fixed assets21/28 | €41,794 | €34,261 | €27,224 | - | - | - |
| Tangible fixed assets22/27 | €41,298 | €34,261 | €27,224 | - | - | - |
| Financial fixed assets28 | €496 | - | - | - | - | - |
| Current assets29/58 | €86,531 | €223,210 | €243,992 | €728,528 | €734,259 | ▲ 0.8% |
| Amounts receivable within one year40/41 | - | - | - | €728,510 | €733,243 | ▲ 0.6% |
| Other amounts receivable41 | - | - | - | - | €733,243 | - |
| Cash at bank and in hand54/58 | €76,531 | €171,529 | €189,005 | €18 | €1,016 | ▲ 57× |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,325 | €257,471 | €271,216 | €728,528 | €734,259 | ▲ 0.8% |
| Equity10/15 | €79,495 | €212,430 | €236,059 | €551,768 | €548,948 | ▼ 0.5% |
| Contributions10/11 | €22,311 | €22,311 | - | - | €22,310 | - |
| Reserves13 | €34,851 | €167,751 | €191,351 | €524,514 | €524,514 | = |
| Non-distributable reserves130/1 | - | - | - | - | €2,851 | - |
| Reserves not available under the articles1311 | - | - | - | - | €2,851 | - |
| Tax-exempt reserves132 | - | - | - | - | €521,663 | - |
| Profit (loss) carried forward14 | €22,333 | €22,368 | €22,398 | €4,944 | €2,124 | ▼ 57.0% |
| Provisions and deferred taxes16 | - | - | - | €173,888 | €173,888 | = |
| Deferred taxes168 | - | - | - | - | €173,888 | - |
| Amounts payable17/49 | €48,830 | €45,041 | €35,157 | €2,872 | €11,423 | ▲ 298% |
| Amounts payable after more than one year17 | €25,442 | €16,649 | €7,654 | - | - | - |
| Amounts payable within one year42/48 | €23,388 | €28,392 | €27,503 | €2,872 | €11,423 | ▲ 298% |
| Trade debts44 | - | €78 | €199 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €4,434 | - |
| Taxes450/3 | - | - | - | - | €4,434 | - |
| Other amounts payable47/48 | - | - | - | - | €6,989 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,654 | €132,935 | €23,630 | €530,709 | €12,180 | ▼ 97.7% |
| + Depreciation and write-downs630 | €7,037 | €7,037 | €7,037 | - | - | - |
| Operating cash flow (approximation) | €24,691 | €139,972 | €30,667 | €530,709 | €12,180 | ▼ 97.7% |
| Investment in fixed assets (approximation) | - | €496 | €0 | - | - | - |
| Change in cash | - | €94,998 | €17,476 | -€188,987 | €998 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 08-03-2023 | 2023-00037630 |
| 31-12-2021 | micro format | 07-02-2022 | 2022-05100036 |
| 31-12-2020 | micro format | 29-07-2021 | 2021-42100431 |
| 31-12-2019 | micro format | 27-10-2020 | 2020-64000002 |
| 31-12-2018 | micro format | 20-08-2019 | 2019-48200060 |
| 31-12-2017 | micro format | 06-08-2018 | 2018-44100408 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-50200226 |
| 31-12-2015 | full format | 28-08-2016 | 2016-49200161 |
| 31-12-2014 | full format | 08-08-2015 | 2015-40700204 |
| 31-12-2013 | full format | 12-06-2014 | 2014-17800512 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.