JedIT
Open bankruptcyFinancials · financial year 2020, micro format
2020 annual accounts filed 402 days after the deadline Filed on 6 September 2022, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2022-20417339.
Annual accounts 2020 filed on 06-09-2022 PDF all 3 filings
Turnover
≈ €150,000
Estimated: probably between €100,000 and €270,000
Total assets
€273,964▲ 42.1%
2019 · €192,774
Net result
€44,190▼ 24.5%
2019 · €58,495
Working capital
€119,229▲ 69.7%
2019 · €70,252
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
€46,546
▼ 56.6%
2020
20182020
Net result
€44,190
▼ 24.5%
2020
20182020
Equity
€124,140
▲ 55.3%
2020
20182020
Total assets
€273,964
▲ 42.1%
2020
20182020
Debt
€149,825
▲ 32.8%
2020
20182020
Working capital
€119,229
▲ 69.7%
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result€18,395-€107,188▲ 483%€46,546▼ 56.6%
Net result€9,055-€58,495▲ 546%€44,190▼ 24.5%
Equity€21,455-€79,950▲ 273%€124,140▲ 55.3%
Total assets€144,559-€192,774▲ 33.4%€273,964▲ 42.1%
Debt€123,104-€112,824▼ 8.4%€149,825▲ 32.8%
Working capital-€122,749-€70,252€119,229▲ 69.7%
The operating result for 2020 is 57% lower than in 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
2020 in colour, 2019 as the grey bar beneath
Assets €273,964
Fixed assets
€4,911 ▼ 49.2%
Current assets
€269,054 ▲ 47.0%
Equity and liabilities €273,964
Equity
€124,140 ▲ 55.3%
Debt
€149,825 ▲ 32.8%
Debt's share of the balance-sheet total falls from 58.5% to 54.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51,334▼
2019 · €112,407
Cash flow
€48,978▼
2019 · €63,715
Current ratio
1.80▲
2019 · 1.62
Debt to equity
1.21▼
2019 · 1.41
ROE
35.6%▼
2019 · 73.2%
ROA
16.1%▼
2019 · 30.3%
Interest coverage
51.22▼
2019 · over 100
Debt ≤ 1 year
€149,825▲
2019 · €112,824
Income taxes
€22,117▼
2019 · €51,982
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2019 | 2020 |
|---|---|---|
| Tangible fixed assets | €7,979 | - |
| Depreciation and write-downs of the year | €5,219 | €4,788 |
Source: notes to the 2019 to 2020 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,161 | €5,219 | €4,788 | ▼ 8.3% |
| Other operating charges640/8 | - | €65,706 | - | - |
| Gross operating margin9900 | €52,287 | €178,113 | €51,334 | ▼ 71.2% |
| Operating profit (loss)9901 | €18,395 | €107,188 | €46,546 | ▼ 56.6% |
| Financial income75/76B | - | €3,500 | €20,763 | ▲ 493% |
| Recurring financial income75 | €0 | €3,500 | €20,763 | ▲ 493% |
| Financial charges65/66B | - | €210 | €1,002 | ▲ 378% |
| Recurring financial charges65 | €103 | €210 | €1,002 | ▲ 378% |
| Profit (loss) for the period before taxes9903 | €18,293 | €110,478 | €66,307 | ▼ 40.0% |
| Income taxes67/77 | €9,238 | €51,982 | €22,117 | ▼ 57.5% |
| Profit (loss) for the period9904 | €9,055 | €58,495 | €44,190 | ▼ 24.5% |
| Profit (loss) for the period to be appropriated9905 | €9,055 | €58,495 | €44,190 | ▼ 24.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €144,559 | €192,774 | €273,964 | ▲ 42.1% |
| Formation expenses20 | €510 | €39 | - | - |
| Fixed assets21/28 | €143,694 | €9,659 | €4,911 | ▼ 49.2% |
| Tangible fixed assets22/27 | €143,504 | €9,469 | €4,721 | ▼ 50.1% |
| Furniture and vehicles24 | - | €9,469 | €4,721 | ▼ 50.1% |
| Financial fixed assets28 | €190 | €190 | €190 | = |
| Current assets29/58 | €355 | €183,075 | €269,054 | ▲ 47.0% |
| Amounts receivable within one year40/41 | - | €179,238 | €269,054 | ▲ 50.1% |
| Trade receivables40 | - | €787 | - | - |
| Other amounts receivable41 | - | €178,451 | €269,054 | ▲ 50.8% |
| Cash at bank and in hand54/58 | €355 | €3,837 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €144,559 | €192,774 | €273,964 | ▲ 42.1% |
| Equity10/15 | €21,455 | €79,950 | €124,140 | ▲ 55.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | €12,400 | €12,400 | = |
| Issued capital100 | - | €18,550 | €18,550 | = |
| Uncalled capital101 | - | €6,150 | €6,150 | = |
| Reserves13 | €1,860 | €59,860 | €103,860 | ▲ 73.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €58,000 | €102,000 | ▲ 75.9% |
| Profit (loss) carried forward14 | €7,195 | €7,690 | €7,880 | ▲ 2.5% |
| Amounts payable17/49 | €123,104 | €112,824 | €149,825 | ▲ 32.8% |
| Amounts payable within one year42/48 | €123,104 | €112,824 | €149,825 | ▲ 32.8% |
| Financial debts43 | - | - | €5,676 | - |
| Credit institutions430/8 | - | - | €5,676 | - |
| Trade debts44 | €7,768 | €3,461 | - | - |
| Suppliers440/4 | - | €3,461 | - | - |
| Taxes, remuneration and social security45 | - | €109,363 | €144,149 | ▲ 31.8% |
| Taxes450/3 | - | €109,363 | €144,149 | ▲ 31.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,055 | €58,495 | €44,190 | ▼ 24.5% |
| + Depreciation and write-downs630 | €33,161 | €5,219 | €4,788 | ▼ 8.3% |
| Operating cash flow (approximation) | €42,215 | €63,715 | €48,978 | ▼ 23.1% |
| Investment in fixed assets (approximation) | - | €128,816 | -€39 | - |
| Change in cash | - | €3,482 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.