LA PIPE
InactiveFinancials · financial year 2022, abbreviated format
Turnover
≈ €240,000
Estimated: probably between €150,000 and €470,000
Total assets
€86,778▼ 33.2%
2021 · €129,901
Net result
-€14,521▼ 72.5%
2021 · -€8,417
Working capital
-€9,688
2021 · €14,386
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result stays negative: a loss of €9,636 in 2022 against €2,836 in 2021; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€9,636
2022
Net result-€14,521
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€86,778
2022
Equity€7,299
2022
Debt€79,479
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€9,688
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)2.1
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€5,186--€21,505-€2,836▲ 86.8%-€9,636▼ 240%
Net result-€468--€25,035▼ 5,250%-€8,417▲ 66.4%-€14,521▼ 72.5%
Equity€55,273-€30,238▼ 45.3%€21,821▼ 27.8%€7,299▼ 66.5%
Total assets€119,474-€119,436=€129,901▲ 8.8%€86,778▼ 33.2%
Debt€64,201-€89,198▲ 38.9%€108,080▲ 21.2%€79,479▼ 26.5%
Working capital€38,269-€20,461▼ 46.5%€14,386▼ 29.7%-€9,688
Staff (FTE)1.1-2▲ 81.8%1.7▼ 15.0%2.1▲ 23.5%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €86,778
Fixed assets
€30,929 ▼ 28.5%
Current assets
€55,850 ▼ 35.6%
Equity and liabilities €86,778
Equity
€7,299 ▼ 66.5%
Debt
€79,479 ▼ 26.5%
Debt's share of the balance-sheet total rises from 83.2% to 91.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€912▼
2021 · €14,125
Cash flow
-€3,973▼
2021 · €8,543
Current ratio
0.85▼
2021 · 1.20
Quick ratio
0.74▼
2021 · 1.10
Debt to equity
10.89▲
2021 · 1.53
ROE
-198.9%▼
2021 · -38.6%
ROA
-16.7%▼
2021 · -6.5%
Interest coverage
0.18
Debt ≤ 1 year
€65,538▼
2021 · €72,286
Debt > 1 year
€13,941▼
2021 · €33,433
Income taxes
€148▼
2021 · €151
Staff costs
€80,331
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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €80,331 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,226 | €14,102 | €16,960 | €10,548 | ▼ 37.8% |
| Other operating charges640/8 | - | - | - | €2,506 | - |
| Non-recurring operating charges66A | - | - | - | €3,078 | - |
| Gross operating margin9900 | €70,744 | €58,244 | €42,518 | €86,827 | ▲ 104% |
| Operating profit (loss)9901 | €5,186 | -€21,505 | -€2,836 | -€9,636 | ▼ 240% |
| Financial income75/76B | - | - | - | €227 | - |
| Recurring financial income75 | €1,200 | €361 | €12 | €227 | ▲ 19× |
| Financial charges65/66B | - | - | - | €4,964 | - |
| Recurring financial charges65 | €5,950 | €3,698 | €5,443 | €4,964 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | €436 | -€24,842 | -€8,266 | -€14,373 | ▼ 73.9% |
| Income taxes67/77 | €904 | €193 | €151 | €148 | ▼ 2.2% |
| Profit (loss) for the period9904 | -€468 | -€25,035 | -€8,417 | -€14,521 | ▼ 72.5% |
| Profit (loss) for the period to be appropriated9905 | -€468 | -€25,035 | -€8,417 | -€14,521 | ▼ 72.5% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €119,474 | €119,436 | €129,901 | €86,778 | ▼ 33.2% |
| Fixed assets21/28 | €29,755 | €17,653 | €43,229 | €30,929 | ▼ 28.5% |
| Tangible fixed assets22/27 | €29,755 | €17,653 | €43,229 | €30,929 | ▼ 28.5% |
| Plant, machinery and equipment23 | - | - | - | €16,076 | - |
| Furniture and vehicles24 | - | - | - | €0 | - |
| Other tangible fixed assets26 | - | - | - | €14,852 | - |
| Current assets29/58 | €89,719 | €101,783 | €86,672 | €55,850 | ▼ 35.6% |
| Stocks and contracts in progress3 | €6,776 | €5,746 | €7,074 | €7,074 | = |
| Stocks30/36 | - | - | - | €7,074 | - |
| Amounts receivable within one year40/41 | €40,190 | €33,770 | €34,596 | €21,852 | ▼ 36.8% |
| Trade receivables40 | - | - | - | €2,941 | - |
| Other amounts receivable41 | - | - | - | €18,910 | - |
| Current investments50/53 | - | - | €2,748 | €2,748 | = |
| Cash at bank and in hand54/58 | €39,832 | €58,257 | €40,969 | €22,684 | ▼ 44.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,491 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €119,474 | €119,436 | €129,901 | €86,778 | ▼ 33.2% |
| Equity10/15 | €55,273 | €30,238 | €21,821 | €7,299 | ▼ 66.5% |
| Contributions10/11 | €18,600 | - | - | €18,600 | - |
| Reserves13 | €36,673 | €11,638 | €3,221 | €1,860 | ▼ 42.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €0 | - |
| Profit (loss) carried forward14 | - | - | - | -€13,161 | - |
| Amounts payable17/49 | €64,201 | €89,198 | €108,080 | €79,479 | ▼ 26.5% |
| Amounts payable after more than one year17 | €12,415 | €7,631 | €33,433 | €13,941 | ▼ 58.3% |
| Financial debts170/4 | - | - | - | €13,941 | - |
| Amounts payable within one year42/48 | €51,450 | €81,323 | €72,286 | €65,538 | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,491 | - |
| Financial debts43 | - | - | - | €2,850 | - |
| Credit institutions430/8 | - | - | - | €2,850 | - |
| Trade debts44 | €29,810 | €34,537 | €35,817 | €28,489 | ▼ 20.5% |
| Suppliers440/4 | - | - | - | €28,489 | - |
| Taxes, remuneration and social security45 | - | - | - | €14,368 | - |
| Taxes450/3 | - | - | - | €3,726 | - |
| Remuneration and social security454/9 | - | - | - | €10,642 | - |
| Other amounts payable47/48 | - | - | - | €339 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€468 | -€25,035 | -€8,417 | -€14,521 | ▼ 72.5% |
| + Depreciation and write-downs630 | €16,226 | €14,102 | €16,960 | €10,548 | ▼ 37.8% |
| Operating cash flow (approximation) | €15,758 | -€10,933 | €8,543 | -€3,973 | - |
| Investment in fixed assets (approximation) | - | -€2,000 | -€42,537 | €1,752 | - |
| Change in cash | - | €18,425 | -€17,288 | -€18,285 | ▼ 5.8% |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2022 | abbreviated format | 07-12-2022 | 2022-20536331 |
| 30-06-2021 | micro format | 03-01-2022 | 2022-00300329 |
| 30-06-2020 | abbreviated format | 13-01-2021 | 2021-00900537 |
| 30-06-2019 | micro format | 14-01-2020 | 2020-01300260 |
| 30-06-2018 | micro format | 28-01-2019 | 2019-03200525 |
| 30-06-2017 | micro format | 08-01-2018 | 2018-00700577 |
| 30-06-2016 | abbreviated format | 22-12-2016 | 2016-71500006 |
| 30-06-2015 | abbreviated format | 14-12-2015 | 2015-68900346 |
| 30-06-2014 | abbreviated format | 30-12-2014 | 2014-70500528 |
| 30-06-2013 | abbreviated format | 27-02-2014 | 2014-05800092 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.