IVCE D SERVICES
InactiveFinancials · financial year 2021, full format
2021 annual accounts filed late (150 days) Filed on 27 September 2022, deadline 30 April 2022 (7 months after the close on 30 September 2021, Companies Code art. 3:10). Source: NBB, 2022-20442821.
Turnover
≈ €610,000
Estimated: probably between €360,000 and €1.0m
EBIT margin
Not included in this filing
Net result
-€422,225▼ 447%
2020 · -€77,132
Working capital
-€12.1m▼ 113%
2020 · -€5.7m
Trend over the years
2019 to 2021, 3 financial years 2019 to 2021, 3 financial years
The operating result recovers in 2021; 2021 is 121% above 2020.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.03m
2021
Net result-€0.4m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€12.6m
2021
Equity-€0.09m
2021
Debt€12.7m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€12.1m
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021
Operating result€0.2m-€0.01m▼ 91.4%€0.03m▲ 121%
Net result€0.1m--€0.08m-€0.4m▼ 447%
Equity€0.4m-€0.3m▼ 18.8%-€0.09m
Total assets€0.5m-€7.1m▲ 16×€12.6m▲ 77.8%
Debt€0.04m-€6.7m▲ 153×€12.7m▲ 87.9%
Working capital€0.3m--€5.7m-€12.1m▼ 113%
Staff (FTE)2.3-0.2▼ 91.3%0▼ 100%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €12.6m
Fixed assets
€12.0m ▲ 99.7%
Current assets
€540,017 ▼ 48.3%
Equity and liabilities
Equity-€89,781
Debt€12.7m
Equity is negative: debt (€12.7m) exceeds the balance-sheet total (€12.6m).
Key figures and ratios
EBITDA
€46,886▼
2020 · €69,290
Cash flow
-€404,404▼
2020 · -€20,986
Solvency
-0.7%▼
2020 · 4.7%
Current ratio
0.04▼
2020 · 0.16
Quick ratio
0.04▼
2020 · 0.15
ROA
-3.4%▼
2020 · -1.1%
Interest coverage
0.10
Debt ≤ 1 year
€12.7m▲
2020 · €6.7m
Staff costs
€203,780
A ratio outside any meaningful range has been withheld (balance sheet total €12.6m, equity -€89,781).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €203,780 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,371 | €56,146 | €17,821 | ▼ 68.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,372 | - |
| Other operating charges640/8 | - | - | €3,887 | - |
| Gross operating margin9900 | €248,204 | €172,870 | €255,925 | ▲ 48.0% |
| Operating profit (loss)9901 | €153,707 | €13,144 | €29,064 | ▲ 121% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | €3 | €223 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | €0 | - |
| Financial charges65/66B | - | - | €451,289 | - |
| Recurring financial charges65 | €23,341 | €90,498 | €451,289 | ▲ 399% |
| Profit (loss) for the period before taxes9903 | €130,368 | -€77,132 | -€422,225 | ▼ 447% |
| Income taxes67/77 | €31,262 | €0 | - | - |
| Profit (loss) for the period9904 | €99,107 | -€77,132 | -€422,225 | ▼ 447% |
| Profit (loss) for the period to be appropriated9905 | €99,107 | -€77,132 | -€422,225 | ▼ 447% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.5m | €7.1m | €12.6m | ▲ 77.8% |
| Fixed assets21/28 | €0.07m | €6.0m | €12.0m | ▲ 99.7% |
| Tangible fixed assets22/27 | €0.07m | €0.06m | €0.05m | ▼ 20.0% |
| Plant, machinery and equipment23 | - | - | €0.002m | - |
| Furniture and vehicles24 | - | - | €0.05m | - |
| Financial fixed assets28 | €100 | €6.0m | €12.0m | ▲ 101% |
| Current assets29/58 | €0.4m | €1.0m | €0.5m | ▼ 48.3% |
| Stocks and contracts in progress3 | €0.09m | €0.06m | €0.06m | ▲ 3.8% |
| Stocks30/36 | - | - | €0.06m | - |
| Amounts receivable within one year40/41 | €0.2m | €0.8m | €0.2m | ▼ 74.1% |
| Trade receivables40 | - | - | €0.01m | - |
| Other amounts receivable41 | - | - | €0.2m | - |
| Cash at bank and in hand54/58 | €0.07m | €0.2m | €0.3m | ▲ 45.7% |
| Deferred charges and accrued income490/1 | - | - | €0.008m | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.5m | €7.1m | €12.6m | ▲ 77.8% |
| Equity10/15 | €0.4m | €0.3m | -€0.09m | - |
| Contributions10/11 | €0.1m | - | €0.1m | - |
| Reserves13 | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | €0.01m | - |
| Reserves not available under the articles1311 | - | - | €0.01m | - |
| Distributable reserves133 | - | - | €0.3m | - |
| Profit (loss) carried forward14 | - | -€0.08m | -€0.5m | ▼ 547% |
| Amounts payable17/49 | €0.04m | €6.7m | €12.7m | ▲ 87.9% |
| Amounts payable within one year42/48 | €0.04m | €6.7m | €12.7m | ▲ 87.9% |
| Trade debts44 | €0.01m | €0.1m | €0.2m | ▲ 58.4% |
| Suppliers440/4 | - | - | €0.2m | - |
| Taxes, remuneration and social security45 | - | - | €0.007m | - |
| Taxes450/3 | - | - | €0.002m | - |
| Remuneration and social security454/9 | - | - | €0.005m | - |
| Other amounts payable47/48 | - | - | €12.5m | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | -€0.08m | -€0.4m | ▼ 447% |
| + Depreciation and write-downs630 | €0.03m | €0.06m | €0.02m | ▼ 68.3% |
| Operating cash flow (approximation) | €0.1m | -€0.02m | -€0.4m | ▼ 1,827% |
| Investment in fixed assets (approximation) | - | -€6.0m | -€6.0m | ▼ 0.2% |
| Change in cash | - | €0.1m | €0.08m | ▼ 23.9% |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2021 | full format | 27-09-2022 | 2022-20442821 |
| 30-09-2020 | full format | 01-06-2021 | 2021-16100408 |
| 30-09-2019 | full format | 16-09-2020 | 2020-53700289 |
| 30-09-2018 | full format | 10-05-2019 | 2019-13000042 |
| 30-09-2017 | full format | 16-05-2018 | 2018-13200249 |
| 30-09-2016 | full format | 08-05-2017 | 2017-11400237 |
| 30-09-2015 | full format | 26-03-2016 | 2016-07500127 |
| 30-09-2014 | full format | 25-03-2015 | 2015-07100434 |
| 30-09-2013 | full format | 30-04-2014 | 2014-11200278 |
| 30-09-2012 | full format | 28-05-2013 | 2013-13500302 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.