KAMVAS
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (31 days) Filed on 31 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00437790.
Equity
€55,971▼ 3.0%
2022 · €57,702
Total assets
€96,123▲ 20.2%
2022 · €79,966
Net result
-€1,731
2022 · €19,680
Working capital
€53,629▼ 0.6%
2022 · €53,959
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result has fallen two years in a row; 2023 is 94% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€1,776
2023
Net result-€1,731
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€96,123
2023
Equity€55,971
2023
Debt€40,153
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€53,629
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)-1.8%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency58.2%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.34
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€3,556--€12,513€8,433€31,645▲ 275%€30,367▼ 4.0%€1,776▼ 94.2%
Net result€2,340--€12,831€7,941within the sector's middle half€26,940within the sector's middle half▲ 239%€19,680within the sector's middle half▼ 26.9%-€1,731below the sector's middle half
Equity€9,571-€9,140▼ 4.5%€17,081below the sector's middle half▲ 86.9%€38,022within the sector's middle half▲ 123%€57,702within the sector's middle half▲ 51.8%€55,971within the sector's middle half▼ 3.0%
Total assets€50,028-€49,707▼ 0.6%€27,467below the sector's middle half▼ 44.7%€56,617below the sector's middle half▲ 106%€79,966within the sector's middle half▲ 41.2%€96,123within the sector's middle half▲ 20.2%
Debt€40,457-€40,567▲ 0.3%€10,385▼ 74.4%€18,595▲ 79.1%€22,265▲ 19.7%€40,153▲ 80.3%
Working capital-€7,871--€2,470▲ 68.6%€8,049within the sector's middle half€34,895within the sector's middle half▲ 334%€53,959within the sector's middle half▲ 54.6%€53,629within the sector's middle half▼ 0.6%
Solvency19.1%-18.4%▼ 0.7pp62.2%within the sector's middle half▲ 43.8pp67.2%above the sector's middle half▲ 5.0pp72.2%above the sector's middle half▲ 5.0pp58.2%within the sector's middle half▼ 13.9pp
Current ratio0.81-0.94▲ 0.131.78within the sector's middle half▲ 0.842.88within the sector's middle half▲ 1.103.42above the sector's middle half▲ 0.552.34within the sector's middle half▼ 1.09
Return on assets (ROA)4.7%--25.8%▼ 30.5pp28.9%above the sector's middle half▲ 54.7pp47.6%above the sector's middle half▲ 18.7pp24.6%above the sector's middle half▼ 23.0pp-1.8%below the sector's middle half▼ 26.4pp
above
within
below
the middle half of NACE 43, Specialised construction 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.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €96,123
Fixed assets
€2,342 ▼ 37.4%
Current assets
€93,781 ▲ 23.0%
Equity and liabilities €96,123
Equity
€55,971 ▼ 3.0%
Debt
€40,153 ▲ 80.3%
Debt's share of the balance-sheet total rises from 27.8% to 41.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,581▼
2022 · €31,827
Cash flow
€75▼
2022 · €21,140
Quick ratio
2.30▼
2022 · 3.36
Debt to equity
0.72▲
2022 · 0.39
ROE
-3.1%▼
2022 · 34.1%
Interest coverage
0.71▼
2022 · 7.75
Debt ≤ 1 year
€40,153▲
2022 · €22,265
Income taxes
€270▼
2022 · €8,106
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,832 | €5,832 | €6,211 | €6,428 | €1,460 | €1,806 | ▲ 23.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,682 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €7,013 | €3,113 | €1,771 | ▼ 43.1% |
| Gross operating margin9900 | €10,053 | -€4,837 | €27,169 | €45,086 | €36,622 | €5,352 | ▼ 85.4% |
| Operating profit (loss)9901 | €3,556 | -€12,513 | €8,433 | €31,645 | €30,367 | €1,776 | ▼ 94.2% |
| Financial income75/76B | - | - | - | €11 | €1,525 | €1,812 | ▲ 18.8% |
| Recurring financial income75 | €1 | €1 | €1 | €11 | €1,525 | €1,812 | ▲ 18.8% |
| Financial charges65/66B | - | - | - | €2,929 | €4,106 | €5,048 | ▲ 22.9% |
| Recurring financial charges65 | €1,067 | €319 | €493 | €2,929 | €4,106 | €5,048 | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €2,491 | -€12,831 | €7,941 | €28,727 | €27,786 | -€1,461 | - |
| Income taxes67/77 | €151 | - | €0 | €1,787 | €8,106 | €270 | ▼ 96.7% |
| Profit (loss) for the period9904 | €2,340 | -€12,831 | €7,941 | €26,940 | €19,680 | -€1,731 | - |
| Profit (loss) for the period to be appropriated9905 | €2,340 | -€12,831 | €7,941 | €26,940 | €19,680 | -€1,731 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €50,028 | €49,707 | €27,467 | €56,617 | €79,966 | €96,123 | ▲ 20.2% |
| Fixed assets21/28 | €17,442 | €11,610 | €9,032 | €3,126 | €3,743 | €2,342 | ▼ 37.4% |
| Tangible fixed assets22/27 | €17,042 | €11,210 | €8,632 | €2,726 | €3,743 | €2,342 | ▼ 37.4% |
| Plant, machinery and equipment23 | - | - | - | €444 | €1,089 | €915 | ▼ 16.0% |
| Furniture and vehicles24 | - | - | - | €2,283 | €2,654 | €1,427 | ▼ 46.2% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | - | - | - |
| Current assets29/58 | €32,586 | €38,096 | €18,434 | €53,490 | €76,224 | €93,781 | ▲ 23.0% |
| Amounts receivable after more than one year29 | - | - | - | €26,000 | €56,000 | €56,000 | = |
| Other amounts receivable291 | - | - | - | €26,000 | €56,000 | €56,000 | = |
| Stocks and contracts in progress3 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Stocks30/36 | - | - | - | €1,500 | €1,500 | €1,500 | = |
| Amounts receivable within one year40/41 | €1,128 | €11,847 | €7,042 | €23,095 | €10,549 | €30,641 | ▲ 190% |
| Trade receivables40 | - | - | - | €22,675 | €9,161 | €18,371 | ▲ 101% |
| Other amounts receivable41 | - | - | - | €420 | €1,388 | €12,271 | ▲ 784% |
| Cash at bank and in hand54/58 | €10,515 | - | €1,544 | €2,491 | €5,800 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €405 | €2,375 | €5,640 | ▲ 138% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €50,028 | €49,707 | €27,467 | €56,617 | €79,966 | €96,123 | ▲ 20.2% |
| Equity10/15 | €9,571 | €9,140 | €17,081 | €38,022 | €57,702 | €55,971 | ▼ 3.0% |
| Contributions10/11 | €6,200 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,371 | €3,371 | €3,371 | €19,422 | €39,102 | €37,371 | ▼ 4.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €17,562 | €37,242 | €37,371 | ▲ 0.3% |
| Profit (loss) carried forward14 | - | -€12,831 | -€4,890 | - | - | - | - |
| Amounts payable17/49 | €40,457 | €40,567 | €10,385 | €18,595 | €22,265 | €40,153 | ▲ 80.3% |
| Amounts payable within one year42/48 | €40,457 | €40,567 | €10,385 | €18,595 | €22,265 | €40,153 | ▲ 80.3% |
| Financial debts43 | - | - | - | - | - | €7,113 | - |
| Credit institutions430/8 | - | - | - | - | - | €7,113 | - |
| Trade debts44 | €1,768 | €17,245 | €5,858 | €9,004 | €7,779 | €21,685 | ▲ 179% |
| Suppliers440/4 | - | - | - | €9,004 | €7,779 | €21,685 | ▲ 179% |
| Taxes, remuneration and social security45 | - | - | - | €3,137 | €10,651 | €11,355 | ▲ 6.6% |
| Taxes450/3 | - | - | - | €3,137 | €10,651 | €11,355 | ▲ 6.6% |
| Other amounts payable47/48 | - | - | - | €6,454 | €3,835 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,340 | -€12,831 | €7,941 | €26,940 | €19,680 | -€1,731 | - |
| + Depreciation and write-downs630 | €5,832 | €5,832 | €6,211 | €6,428 | €1,460 | €1,806 | ▲ 23.7% |
| Operating cash flow (approximation) | €8,172 | -€6,999 | €14,152 | €33,368 | €21,140 | €75 | ▼ 99.6% |
| Investment in fixed assets (approximation) | - | €0 | -€3,633 | -€522 | -€2,076 | -€405 | ▲ 80.5% |
| Change in cash | - | - | - | €947 | €3,310 | -€5,800 | - |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 31-08-2024 | 2024-00437790 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00379664 |
| 31-12-2021 | micro format | 20-10-2022 | 2022-20467778 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57800460 |
| 31-12-2019 | micro format | 08-10-2020 | 2020-60000450 |
| 31-12-2018 | micro format | 31-08-2019 | 2019-63500393 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57400485 |
| 31-12-2016 | micro format | 28-04-2017 | 2017-10800402 |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-27200511 |
| 31-12-2014 | abbreviated format | 29-07-2015 | 2015-36500419 |
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Of the 7,805 active companies whose main activity is painting of buildings (NACE 43341), figures are known for 2,702. 2,349 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.