KC TECH
Open bankruptcyFinancials · financial year 2021, micro format
2021 annual accounts filed 78 days after the deadline Filed on 17 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20468760.
Annual accounts 2021 filed on 17-10-2022 PDF all 2 filings
Turnover
≈ €120,000
Estimated: probably between €56,000 and €290,000
Total assets
€67,451▲ 12.4%
2020 · €60,005
Net result
€6,302▼ 74.5%
2020 · €24,698
Working capital
€14,119▲ 804%
2020 · €1,562
Multi-year overview
2020 to 2021, 2 financial yearsOperating result
€8,748
▼ 71.9%
2021
20202021
Net result
€6,302
▼ 74.5%
2021
middle half of the sector
20202021
Equity
€33,000
▲ 23.6%
2021
middle half of the sector
20202021
Total assets
€67,451
▲ 12.4%
2021
middle half of the sector
20202021
Debt
€34,451
▲ 3.4%
2021
20202021
Working capital
€14,119
▲ 804%
2021
middle half of the sector
20202021
Solvency
48.9%
▲ 4.4pp
2021
middle half of the sector
20202021
Current ratio
1.41
▲ 0.36
2021
middle half of the sector
20202021
Return on assets (ROA)
9.3%
▼ 31.8pp
2021
middle half of the sector
20202021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021
Operating result€31,109-€8,748▼ 71.9%
Net result€24,698within the sector's middle half-€6,302within the sector's middle half▼ 74.5%
Equity€26,698within the sector's middle half-€33,000within the sector's middle half▲ 23.6%
Total assets€60,005below the sector's middle half-€67,451within the sector's middle half▲ 12.4%
Debt€33,307-€34,451▲ 3.4%
Working capital€1,562below the sector's middle half-€14,119within the sector's middle half▲ 804%
Solvency44.5%within the sector's middle half-48.9%within the sector's middle half▲ 4.4pp
Current ratio1.05below the sector's middle half-1.41within the sector's middle half▲ 0.36
Return on assets (ROA)41.2%above the sector's middle half-9.3%within the sector's middle half▼ 31.8pp
above
within
below
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). 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 2021 is 72% lower than in 2020.
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
2021 in colour, 2020 as the grey bar beneath
Assets €67,451
Fixed assets
€18,881 ▼ 24.9%
Current assets
€48,570 ▲ 39.3%
Equity and liabilities €67,451
Equity
€33,000 ▲ 23.6%
Debt
€34,451 ▲ 3.4%
Debt's share of the balance-sheet total falls from 55.5% to 51.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,003▼
2020 · €32,289
Cash flow
€12,557▼
2020 · €25,878
Debt to equity
1.04
ROE
19.1%▼
2020 · 92.5%
Interest coverage
20.05
Debt ≤ 1 year
€34,451▲
2020 · €33,307
Income taxes
€1,697▼
2020 · €6,411
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,180 | €6,255 | ▲ 430% |
| Other operating charges640/8 | - | €872 | - |
| Gross operating margin9900 | €32,824 | €15,875 | ▼ 51.6% |
| Operating profit (loss)9901 | €31,109 | €8,748 | ▼ 71.9% |
| Financial charges65/66B | - | €748 | - |
| Recurring financial charges65 | - | €748 | - |
| Profit (loss) for the period before taxes9903 | €31,109 | €8,000 | ▼ 74.3% |
| Income taxes67/77 | €6,411 | €1,697 | ▼ 73.5% |
| Profit (loss) for the period9904 | €24,698 | €6,302 | ▼ 74.5% |
| Profit (loss) for the period to be appropriated9905 | €24,698 | €6,302 | ▼ 74.5% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60,005 | €67,451 | ▲ 12.4% |
| Fixed assets21/28 | €25,136 | €18,881 | ▼ 24.9% |
| Tangible fixed assets22/27 | €25,136 | €18,881 | ▼ 24.9% |
| Plant, machinery and equipment23 | - | €17,641 | - |
| Furniture and vehicles24 | - | €1,240 | - |
| Current assets29/58 | €34,870 | €48,570 | ▲ 39.3% |
| Amounts receivable within one year40/41 | €30,907 | €48,034 | ▲ 55.4% |
| Trade receivables40 | - | €44,858 | - |
| Other amounts receivable41 | - | €3,176 | - |
| Cash at bank and in hand54/58 | €3,697 | €364 | ▼ 90.2% |
| Deferred charges and accrued income490/1 | - | €172 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60,005 | €67,451 | ▲ 12.4% |
| Equity10/15 | €26,698 | €33,000 | ▲ 23.6% |
| Contributions10/11 | - | €2,000 | - |
| Profit (loss) carried forward14 | €24,698 | €31,000 | ▲ 25.5% |
| Amounts payable17/49 | €33,307 | €34,451 | ▲ 3.4% |
| Amounts payable within one year42/48 | €33,307 | €34,451 | ▲ 3.4% |
| Trade debts44 | €26,897 | €26,343 | ▼ 2.1% |
| Suppliers440/4 | - | €26,343 | - |
| Taxes, remuneration and social security45 | - | €8,108 | - |
| Taxes450/3 | - | €8,108 | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €24,698 | €6,302 | ▼ 74.5% |
| + Depreciation and write-downs630 | €1,180 | €6,255 | ▲ 430% |
| Operating cash flow (approximation) | €25,878 | €12,557 | ▼ 51.5% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€3,333 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.