K16
Annual accounts 2021
abbreviated format, filed on 22-07-2022, 9 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €6.2m. Estimated: probably between €4.7m and €8.2m.
Balance sheet
balance sheet total €6.7m on 31-12-2021in €m
in €m
Position in the sector
-6.6%
Lower than 95% of 6,572 companies in 2021.
1.19
Higher than 26% of 6,535 companies in 2021.
-18.3%
Lower than 95% of 6,556 companies in 2021.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
€67,314
Staff costs divided by the average number of full-time equivalents.
+5 people
In 2021, 40 people joined and 35 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
6.7m | 4.6m | 3.3m | 2.6m | 963,963 | |
21/28 |
2.0m | 812,360 | 966,947 | 1.1m | 362,287 | |
22/27 |
2.0m | 803,883 | 958,721 | 1.1m | 361,386 | |
22 |
16,633 | 2,214 | 2,530 | 2,846 | - | |
23 |
126,939 | 376,904 | 475,073 | 588,048 | 144,699 | |
24 |
42,931 | 136,354 | 158,851 | 184,108 | 56,704 | |
25 |
1.8m | - | - | - | - | |
28 |
19,627 | 8,477 | 8,227 | 7,589 | 901 | |
29/58 |
4.7m | 3.8m | 2.3m | 1.5m | 601,676 | |
3 |
1.4m | 1.0m | 511,753 | 306,943 | - | |
30/36 |
989,673 | 769,956 | 261,753 | 256,943 | - | |
37 |
387,791 | 250,718 | 250,000 | 50,000 | - | |
40/41 |
2.8m | 2.3m | 1.3m | 918,921 | 432,160 | |
40 |
2.4m | 2.0m | 1.2m | 643,357 | 369,034 | |
41 |
374,316 | 273,651 | 145,780 | 275,564 | 63,126 | |
54/58 |
429,960 | 457,344 | 461,585 | 276,703 | 169,516 | |
490/1 |
58,007 | 50,000 | 13,800 | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
6.7m | 4.6m | 3.3m | 2.6m | 963,963 | |
10/15 |
-441,070 | 786,044 | 759,913 | 477,740 | 245,710 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | 18,600 | 18,600 | 18,600 | |
13 |
767,444 | 767,444 | 741,313 | 459,140 | 227,110 | |
130/1 |
1,860 | 1,860 | - | - | - | |
130 |
- | - | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | - | - | - | |
133 |
765,584 | 765,584 | 739,453 | 457,280 | 225,250 | |
14 |
-1.2m | - | - | - | - | |
16 |
668,638 | - | - | - | - | |
160/5 |
668,638 | - | - | - | - | |
162 |
668,638 | - | - | - | - | |
17/49 |
6.5m | 3.9m | 2.5m | 2.2m | 718,253 | |
17 |
2.5m | 893,808 | 877,128 | 949,523 | 249,849 | |
170/4 |
2.5m | 893,808 | 877,128 | 949,523 | 249,849 | |
42/48 |
3.9m | 3.0m | 1.7m | 1.2m | 468,404 | |
42 |
777,067 | 365,133 | 314,365 | 292,547 | 96,367 | |
43 |
625,093 | 631,382 | 393,838 | 192,000 | - | |
430/8 |
625,093 | 631,382 | 393,838 | 192,000 | - | |
44 |
2.3m | 1.9m | 854,054 | 684,920 | 328,137 | |
440/4 |
2.3m | 1.9m | 854,054 | 684,920 | 328,137 | |
45 |
185,857 | 88,733 | 99,855 | 37,699 | 43,713 | |
450/3 |
13,087 | - | 42,710 | - | 43,713 | |
454/9 |
172,770 | 88,733 | 57,145 | 37,699 | - | |
47/48 |
- | - | 2,679 | 2,946 | 187 | |
492/3 |
90,339 | - | - | - | - | |
| Income statement | ||||||
76A |
148,201 | - | 14,004 | 5,156 | - | |
9900 |
2.2m | 2.1m | 2.3m | 1.5m | 774,151 | |
62 |
2.1m | 1.6m | 1.4m | 848,017 | 189,743 | |
630 |
328,604 | 337,388 | 346,057 | 334,963 | 182,746 | |
635/8 |
668,638 | - | - | - | - | |
640/8 |
54,789 | 30,841 | 35,307 | 24,278 | 37,455 | |
66A |
147,000 | - | 31,479 | 16,237 | - | |
9901 |
-1.1m | 84,878 | 440,223 | 304,065 | 364,207 | |
75/76B |
10,577 | 7,541 | 3,723 | 531 | 7 | |
75 |
10,577 | 7,541 | 3,723 | 531 | 7 | |
65/66B |
130,057 | 51,869 | 44,063 | 32,315 | 18,391 | |
65 |
130,057 | 51,869 | 44,063 | 32,315 | 18,391 | |
9903 |
-1.2m | 40,550 | 399,883 | 272,281 | 345,824 | |
67/77 |
-7,599 | 14,419 | 117,710 | 40,251 | 118,713 | |
9904 |
-1.2m | 26,131 | 282,173 | 232,030 | 227,110 | |
9905 |
-1.2m | 26,131 | 282,173 | 232,030 | 227,110 | |
| Appropriation of the result | ||||||
9906 |
-1.2m | 26,131 | 282,173 | 232,030 | 227,110 | |
691/2 |
0 | 26,131 | 282,173 | 232,030 | 227,110 | |
6920 |
- | - | - | - | 1,860 | |
6921 |
0 | 26,131 | 282,173 | 232,030 | 225,250 | |
| Social balance sheet | ||||||
9087 |
31.3 | 22.1 | 21.7 | 15.5 | 3.5 | |
Hours worked1013 |
54,296 | 44,604 | 41,890 | 27,082 | 6,474 | |
| Document | ||||||
The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 22-07-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 22-07-2022 | 2022-20250933 | |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-25100377 | |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-25200420 | |
| 31-12-2018 | abbreviated format | 11-07-2019 | 2019-32300314 | |
| 31-12-2017 | abbreviated format | 07-06-2018 | 2018-17000384 |
Subsidies and aid
Flemish government 2022, 1 entry, €2,688 awarded, €2,688 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| -786,628 | 422,265 | 786,280 | 639,029 | 546,953 | ||
| -898,510 | 363,519 | 628,229 | 566,993 | 409,856 | ||
| 1.9m | 182,800 | 315,172 | 1.2m | 545,032 | ||
| -27,384 | -4,241 | 184,881 | 107,187 | - | ||
| 751,286 | 867,492 | 670,093 | 292,456 | 133,273 | ||
| -6.6% | 16.9% | 23.0% | 18.1% | 25.5% | ||
| 1.19 | 1.29 | 1.40 | 1.24 | 1.28 | ||
| 0.84 | 0.95 | 1.10 | 0.99 | 1.28 | ||
| - | 4.91 | 3.35 | 4.52 | 2.92 | ||
| - | 3.3% | 37.1% | 48.6% | 92.4% | ||
| -18.3% | 0.6% | 8.5% | 8.8% | 23.6% | ||
| -6.05 | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 32 |
| full-time | 31 |
| part-time | 1 |
| in full-time equivalents | 31.3 |
| 31.2 | |
| On a permanent contract | 28 |
| Joined | 40 |
| Left | 35 |
Source: social balance sheet in the 2021 annual accounts
Investments
fixed assets acquired| Item | 2021 |
|---|---|
| Tangible fixed assets | €1.9m |
| Financial fixed assets | €11,150 |
| €328,604 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Insights on K16
The operating result for 2021 is a loss of €1.1m, after a profit of €84,878 in 2020. It is the lowest result since 2017.
Equity is negative. Debt (€6.5m) exceeds the balance-sheet total (€6.7m).