IVOLVE
InactiveFinancials · financial year 2021, micro format
2021 annual accounts filed 2 days after the deadline Filed on 2 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20260802.
Annual accounts 2021 filed on 02-08-2022 PDF all 6 filings
Turnover
≈ €140,000
Estimated: probably between €87,000 and €260,000
Total assets
€244,004▲ 0.8%
2020 · €241,963
Net result
-€10,987
2020 · €10,171
Working capital
€21,955▼ 68.2%
2020 · €68,995
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€10,843
2021
20182021
Net result
-€10,987
2021
20182021
Equity
€75,502
▼ 12.7%
2021
20182021
Total assets
€244,004
▲ 0.8%
2021
20182021
Debt
€168,501
▲ 8.4%
2021
20182021
Working capital
€21,955
▼ 68.2%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€159-€11,056€10,265▼ 7.2%-€10,843
Net result-€226-€10,265€10,171▼ 0.9%-€10,987
Equity€4,637-€13,902▲ 200%€86,489▲ 522%€75,502▼ 12.7%
Total assets€8,865-€29,136▲ 229%€241,963▲ 730%€244,004▲ 0.8%
Debt€4,228-€15,234▲ 260%€155,473▲ 921%€168,501▲ 8.4%
Working capital€4,637-€13,902▲ 200%€68,995▲ 396%€21,955▼ 68.2%
The operating result for 2021 is a loss of €10,843, after a profit of €10,265 in 2020. It is the lowest result since 2018.
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
2021 in colour, 2020 as the grey bar beneath
Assets €244,004
Fixed assets
€203,548 ▲ 21.5%
Current assets
€40,456 ▼ 45.7%
Equity and liabilities €244,004
Equity
€75,502 ▼ 12.7%
Debt
€168,501 ▲ 8.4%
Debt's share of the balance-sheet total rises from 64.3% to 69.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35,624▲
2020 · €23,938
Cash flow
€35,480▲
2020 · €23,844
Current ratio
2.19▼
2020 · 13.61
Debt to equity
2.23▲
2020 · 1.73
ROE
-14.6%▼
2020 · 11.8%
ROA
-4.5%▼
2020 · 4.2%
Interest coverage
over 100
Debt ≤ 1 year
€18,501▲
2020 · €5,473
Debt > 1 year
€150,000=
2020 · €150,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 |
|---|---|
| Intangible fixed assets | €82,520 |
| Depreciation and write-downs of the year | €46,467 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €628 | - | €13,673 | €46,467 | ▲ 240% |
| Other operating charges640/8 | - | - | - | €219 | - |
| Gross operating margin9900 | €1,177 | €11,536 | €24,465 | €35,843 | ▲ 46.5% |
| Operating profit (loss)9901 | -€159 | €11,056 | €10,265 | -€10,843 | - |
| Financial income75/76B | - | - | - | €17 | - |
| Recurring financial income75 | €14 | - | €0 | €17 | ▲ 206× |
| Financial charges65/66B | - | - | - | €160 | - |
| Recurring financial charges65 | €81 | €83 | €94 | €160 | ▲ 69.9% |
| Profit (loss) for the period before taxes9903 | -€226 | €10,973 | €10,171 | -€10,987 | - |
| Income taxes67/77 | - | €708 | - | - | - |
| Profit (loss) for the period9904 | -€226 | €10,265 | €10,171 | -€10,987 | - |
| Profit (loss) for the period to be appropriated9905 | -€226 | €10,265 | €10,171 | -€10,987 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €8,865 | €29,136 | €241,963 | €244,004 | ▲ 0.8% |
| Fixed assets21/28 | - | - | €167,495 | €203,548 | ▲ 21.5% |
| Intangible fixed assets21 | - | - | €167,495 | €203,548 | ▲ 21.5% |
| Current assets29/58 | €8,865 | €29,136 | €74,468 | €40,456 | ▼ 45.7% |
| Stocks and contracts in progress3 | - | - | €3,357 | - | - |
| Amounts receivable within one year40/41 | €6,436 | €27,169 | €11,920 | €15,659 | ▲ 31.4% |
| Trade receivables40 | - | - | - | €11,232 | - |
| Other amounts receivable41 | - | - | - | €4,427 | - |
| Cash at bank and in hand54/58 | €2,428 | €1,967 | €59,191 | €7,037 | ▼ 88.1% |
| Deferred charges and accrued income490/1 | - | - | - | €17,760 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €8,865 | €29,136 | €241,963 | €244,004 | ▲ 0.8% |
| Equity10/15 | €4,637 | €13,902 | €86,489 | €75,502 | ▼ 12.7% |
| Contributions10/11 | €7,200 | €6,200 | - | €68,616 | - |
| Profit (loss) carried forward14 | -€2,563 | €7,702 | €17,873 | €6,886 | ▼ 61.5% |
| Amounts payable17/49 | €4,228 | €15,234 | €155,473 | €168,501 | ▲ 8.4% |
| Amounts payable after more than one year17 | - | - | €150,000 | €150,000 | = |
| Financial debts170/4 | - | - | - | €150,000 | - |
| Amounts payable within one year42/48 | €4,228 | €15,234 | €5,473 | €18,501 | ▲ 238% |
| Trade debts44 | €460 | €3,255 | - | €18,398 | - |
| Suppliers440/4 | - | - | - | €18,398 | - |
| Other amounts payable47/48 | - | - | - | €103 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€226 | €10,265 | €10,171 | -€10,987 | - |
| + Depreciation and write-downs630 | €628 | - | €13,673 | €46,467 | ▲ 240% |
| Operating cash flow (approximation) | €401 | €10,265 | €23,844 | €35,480 | ▲ 48.8% |
| Investment in fixed assets (approximation) | - | - | - | -€82,520 | - |
| Change in cash | - | -€462 | €57,224 | -€52,154 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 02-08-2022 | 2022-20260802 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-22500229 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43800155 | |
| 31-12-2018 | micro format | 21-08-2019 | 2019-47900215 | |
| 31-12-2017 | micro format | 14-06-2018 | 2018-19500327 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56300460 |