JECATH
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 29-04-2024 PDF all 33 filings
Turnover
≈ €270,000
Estimated: probably between €230,000 and €360,000
Total assets
€140,344▼ 23.5%
2022 · €183,542
Net result
-€43,375
2022 · €986
Working capital
€12,939▼ 77.8%
2022 · €58,355
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
-€41,304
2023
20192023
Net result
-€43,375
2023
lowest quarter of the sector
20192023
Equity
€26,973
▼ 61.7%
2023
middle half of the sector
20192023
Total assets
€140,344
▼ 23.5%
2023
middle half of the sector
20192023
Debt
€113,371
▲ 0.2%
2023
20192023
Working capital
€12,939
▼ 77.8%
2023
middle half of the sector
20192023
Solvency
19.2%
▼ 19.1pp
2023
middle half of the sector
20192023
Current ratio
1.11
▼ 0.40
2023
middle half of the sector
20192023
Return on assets (ROA)
-30.9%
▼ 31.4pp
2023
lowest quarter of the sector
20192023
Staff (FTE)
1.8
▼ 25.0%
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€16,939-€3,119▼ 81.6%€24,650▲ 690%€9,911▼ 59.8%-€41,304
Net result€15,303-€1,713within the sector's middle half▼ 88.8%€22,318within the sector's middle half▲ 13×€986within the sector's middle half▼ 95.6%-€43,375below the sector's middle half
Equity€45,331-€47,044within the sector's middle half▲ 3.8%€69,362within the sector's middle half▲ 47.4%€70,348within the sector's middle half▲ 1.4%€26,973within the sector's middle half▼ 61.7%
Total assets€171,491-€139,286within the sector's middle half▼ 18.8%€149,560within the sector's middle half▲ 7.4%€183,542within the sector's middle half▲ 22.7%€140,344within the sector's middle half▼ 23.5%
Debt€126,160-€92,242▼ 26.9%€80,198▼ 13.1%€113,194▲ 41.1%€113,371▲ 0.2%
Working capital€16,759-€27,221within the sector's middle half▲ 62.4%€58,287above the sector's middle half▲ 114%€58,355above the sector's middle half▲ 0.1%€12,939within the sector's middle half▼ 77.8%
Solvency26.4%-33.8%within the sector's middle half▲ 7.3pp46.4%within the sector's middle half▲ 12.6pp38.3%within the sector's middle half▼ 8.0pp19.2%within the sector's middle half▼ 19.1pp
Current ratio1.13-1.30within the sector's middle half▲ 0.161.73within the sector's middle half▲ 0.431.52within the sector's middle half▼ 0.211.11within the sector's middle half▼ 0.40
Return on assets (ROA)8.9%-1.2%within the sector's middle half▼ 7.7pp14.9%within the sector's middle half▲ 13.7pp0.5%within the sector's middle half▼ 14.4pp-30.9%below the sector's middle half▼ 31.4pp
Staff (FTE)2.1-2.7within the sector's middle half▲ 28.6%1.7▼ 37.0%2.4▲ 41.2%1.8▼ 25.0%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €41,304, after a profit of €9,911 in 2022. It is the lowest result since 2019.
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
2023 in colour, 2022 as the grey bar beneath
Assets €140,344
Fixed assets
€14,034 ▲ 17.0%
Current assets
€126,310 ▼ 26.4%
Equity and liabilities €140,344
Equity
€26,973 ▼ 61.7%
Debt
€113,371 ▲ 0.2%
Debt's share of the balance-sheet total rises from 61.7% to 80.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€39,254▼
2022 · €11,695
Cash flow
-€41,326▼
2022 · €2,769
Quick ratio
0.89▼
2022 · 1.29
Debt to equity
4.20▲
2022 · 1.61
ROE
-160.8%▼
2022 · 1.4%
Interest coverage
-7.12▼
2022 · 1.02
Debt ≤ 1 year
€113,371▲
2022 · €113,194
Staff costs
€76,395▼
2022 · €81,403
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 6 | 1 |
| full-time | 1 | 2 | 1 |
| part-time | 2 | 4 | - |
| in full-time equivalents | 1.5 | 3.8 | 1 |
| Average over the year, in full-time equivalents | 1.7 | 2.4 | 1.8 |
| On a permanent contract | 1 | 2 | 1 |
| Joined | 8 | 14 | 8 |
| Left | 7 | 11 | 13 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Tangible fixed assets | - | €2,701 | €4,090 |
| Depreciation and write-downs of the year | €8,748 | €1,783 | €2,050 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €23,064 | €81,403 | €76,395 | ▼ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,748 | €8,748 | €8,748 | €1,783 | €2,050 | ▲ 14.9% |
| Other operating charges640/8 | - | - | €2,833 | €2,593 | €4,068 | ▲ 56.9% |
| Non-recurring operating charges66A | - | - | - | - | €43,281 | - |
| Gross operating margin9900 | €89,249 | €61,516 | €59,296 | €95,690 | €84,490 | ▼ 11.7% |
| Operating profit (loss)9901 | €16,939 | €3,119 | €24,650 | €9,911 | -€41,304 | - |
| Financial income75/76B | - | - | €1,224 | €2,525 | €3,440 | ▲ 36.2% |
| Recurring financial income75 | €2,425 | €1,483 | €1,224 | €2,525 | €3,196 | ▲ 26.6% |
| Non-recurring financial income76B | - | - | - | - | €244 | - |
| Financial charges65/66B | - | - | €3,557 | €11,451 | €5,511 | ▼ 51.9% |
| Recurring financial charges65 | €4,061 | €2,888 | €3,557 | €11,451 | €5,511 | ▼ 51.9% |
| Profit (loss) for the period before taxes9903 | €15,303 | €1,713 | €22,318 | €986 | -€43,375 | - |
| Profit (loss) for the period9904 | €15,303 | €1,713 | €22,318 | €986 | -€43,375 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | €76,852 | - |
| Profit (loss) for the period to be appropriated9905 | €15,303 | €1,713 | €22,318 | €986 | €33,477 | ▲ 34× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €171,491 | €139,286 | €149,560 | €183,542 | €140,344 | ▼ 23.5% |
| Fixed assets21/28 | €28,572 | €19,823 | €11,075 | €11,993 | €14,034 | ▲ 17.0% |
| Tangible fixed assets22/27 | €28,451 | €19,703 | €10,955 | €11,873 | €13,914 | ▲ 17.2% |
| Plant, machinery and equipment23 | - | - | - | - | €1,733 | - |
| Other tangible fixed assets26 | - | - | €10,955 | €11,873 | €12,181 | ▲ 2.6% |
| Financial fixed assets28 | €120 | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €142,919 | €119,463 | €138,484 | €171,549 | €126,310 | ▼ 26.4% |
| Stocks and contracts in progress3 | €18,100 | €18,620 | €19,570 | €25,194 | €25,744 | ▲ 2.2% |
| Stocks30/36 | - | - | €19,570 | €25,194 | €25,744 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €58,975 | €40,935 | €37,454 | €83,083 | €82,690 | ▼ 0.5% |
| Trade receivables40 | - | - | €19,022 | €20,961 | €24,131 | ▲ 15.1% |
| Other amounts receivable41 | - | - | €18,433 | €62,122 | €58,559 | ▼ 5.7% |
| Cash at bank and in hand54/58 | €24,638 | €18,754 | €40,270 | €21,172 | €16,618 | ▼ 21.5% |
| Deferred charges and accrued income490/1 | - | - | €41,190 | €42,099 | €1,258 | ▼ 97.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €171,491 | €139,286 | €149,560 | €183,542 | €140,344 | ▼ 23.5% |
| Equity10/15 | €45,331 | €47,044 | €69,362 | €70,348 | €26,973 | ▼ 61.7% |
| Contributions10/11 | €45,860 | €45,860 | €45,860 | €45,860 | €45,860 | = |
| Capital10 | - | - | €45,860 | €45,860 | €45,860 | = |
| Issued capital100 | - | - | €45,860 | €45,860 | €45,860 | = |
| Reserves13 | €76,889 | €76,889 | €76,889 | €76,889 | €37 | ▼ 100.0% |
| Non-distributable reserves130/1 | - | - | €37 | €37 | €37 | = |
| Legal reserve130 | - | - | €37 | €37 | €37 | = |
| Tax-exempt reserves132 | - | - | €76,852 | €76,852 | - | - |
| Profit (loss) carried forward14 | -€77,419 | -€75,705 | -€53,388 | -€52,402 | -€18,925 | ▲ 63.9% |
| Amounts payable17/49 | €126,160 | €92,242 | €80,198 | €113,194 | €113,371 | ▲ 0.2% |
| Amounts payable within one year42/48 | €126,160 | €92,242 | €80,198 | €113,194 | €113,371 | ▲ 0.2% |
| Trade debts44 | €107,669 | €75,246 | €70,417 | €90,070 | €86,836 | ▼ 3.6% |
| Suppliers440/4 | - | - | €70,417 | €90,070 | €84,943 | ▼ 5.7% |
| Bills of exchange payable441 | - | - | - | - | €1,893 | - |
| Taxes, remuneration and social security45 | - | - | €9,780 | €23,123 | €26,536 | ▲ 14.8% |
| Taxes450/3 | - | - | €3,721 | €12,798 | €13,672 | ▲ 6.8% |
| Remuneration and social security454/9 | - | - | €6,060 | €10,326 | €12,864 | ▲ 24.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,303 | €1,713 | €22,318 | €986 | -€43,375 | - |
| + Depreciation and write-downs630 | €8,748 | €8,748 | €8,748 | €1,783 | €2,050 | ▲ 14.9% |
| Operating cash flow (approximation) | €24,051 | €10,462 | €31,066 | €2,769 | -€41,326 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,701 | -€4,090 | ▼ 51.4% |
| Change in cash | - | -€5,884 | €21,516 | -€19,098 | -€4,555 | ▲ 76.2% |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 29-04-2024 | 2024-00073276 | |
| 30-09-2022 | micro format | 26-04-2023 | 2023-00066620 | |
| 30-09-2021 | micro format | 28-04-2022 | 2022-20011483 | |
| 30-09-2020 | micro format | 27-04-2021 | 2021-11300588 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11100485 | |
| 30-09-2018 | micro format | 28-03-2019 | 2019-08400427 | |
| 30-09-2017 | micro format | 07-05-2018 | 2018-12400032 | |
| 30-09-2016 | full format | 19-04-2017 | 2017-09600480 | |
| 30-09-2015 | full format | 30-03-2016 | 2016-08100555 | |
| 30-09-2014 | full format | 28-04-2015 | 2015-10700283 |