JECATH
Open bankruptcyFrom the official registers: KBO 33 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, micro format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 30-09-2023
- Filed on
- 29-04-2024
- Format
- micro format
- Reference
- 2024-00073276
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
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result turns negative in 2023: a loss of €41,304 after €9,911 in 2022, 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-€41,304
2023
Net result-€43,375
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€140,344
2023
Equity€26,973
2023
Debt€113,371
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€12,939
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-30.9%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency19.2%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.11
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)1.8
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
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 middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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.
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% |
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 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 |
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Of the 20,095 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,857. 9,634 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.