LAUBEN
BankruptcyFinancials · financial year 2021, micro format
2021 annual accounts filed late (59 days) Filed on 28 September 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20452799.
Turnover
≈ €170,000
Estimated: probably between €100,000 and €300,000
Total assets
€123,979▼ 12.6%
2020 · €141,867
Net result
€16,601▼ 9.3%
2020 · €18,298
Working capital
€2,051▼ 54.0%
2020 · €4,461
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 3% above 2020 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€28,619
2021
Net result€16,601
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€123,979
2021
Equity-€19,930
2021
Debt€143,909
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2,051
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)0.2
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€8,577--€13,295€27,702€28,619▲ 3.3%
Net result-€694--€23,036▼ 3,218%€18,298€16,601▼ 9.3%
Equity-€31,793--€54,829▼ 72.5%-€36,532▲ 33.4%-€19,930▲ 45.4%
Total assets€160,714-€144,325▼ 10.2%€141,867▼ 1.7%€123,979▼ 12.6%
Debt€192,507-€199,154▲ 3.5%€178,398▼ 10.4%€143,909▼ 19.3%
Working capital€45,132-€3,626▼ 92.0%€4,461▲ 23.0%€2,051▼ 54.0%
Staff (FTE)0.10.2▲ 100%
Turnover and EBIT margin 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 €123,979
Fixed assets
€7,898 ▼ 43.5%
Current assets
€116,081 ▼ 9.2%
Equity and liabilities
Equity-€19,930
Debt€143,909
Equity is negative: debt (€143,909) exceeds the balance-sheet total (€123,979).
Key figures and ratios
EBITDA
€34,699▲
2020 · €34,408
Cash flow
€22,681▼
2020 · €25,004
Solvency
-16.1%▲
2020 · -25.8%
Current ratio
1.02▼
2020 · 1.04
Quick ratio
0.59▲
2020 · 0.57
ROA
13.4%▲
2020 · 12.9%
Interest coverage
3.56
Debt ≤ 1 year
€114,030▼
2020 · €123,428
Debt > 1 year
€29,879▼
2020 · €54,971
Income taxes
€3,885▲
2020 · €502
Staff costs
€2,340
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2,340 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,128 | €6,707 | €6,707 | €6,080 | ▼ 9.3% |
| Other operating charges640/8 | - | - | - | €4,087 | - |
| Gross operating margin9900 | €31,903 | €1,543 | €51,187 | €41,126 | ▼ 19.7% |
| Operating profit (loss)9901 | €8,577 | -€13,295 | €27,702 | €28,619 | ▲ 3.3% |
| Financial income75/76B | - | - | - | €1,626 | - |
| Recurring financial income75 | €1,573 | €1,246 | €1,178 | €1,626 | ▲ 38.0% |
| Financial charges65/66B | - | - | - | €9,759 | - |
| Recurring financial charges65 | €10,384 | €10,525 | €10,080 | €9,759 | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | -€235 | -€22,575 | €18,799 | €20,486 | ▲ 9.0% |
| Income taxes67/77 | €460 | €461 | €502 | €3,885 | ▲ 675% |
| Profit (loss) for the period9904 | -€694 | -€23,036 | €18,298 | €16,601 | ▼ 9.3% |
| Profit (loss) for the period to be appropriated9905 | -€694 | -€23,036 | €18,298 | €16,601 | ▼ 9.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €160,714 | €144,325 | €141,867 | €123,979 | ▼ 12.6% |
| Fixed assets21/28 | €27,641 | €20,934 | €13,978 | €7,898 | ▼ 43.5% |
| Intangible fixed assets21 | €9,253 | €6,627 | €4,000 | €2,000 | ▼ 50.0% |
| Tangible fixed assets22/27 | €16,320 | €12,240 | €8,160 | €4,080 | ▼ 50.0% |
| Leasing and similar rights25 | - | - | - | €4,080 | - |
| Financial fixed assets28 | €2,068 | €2,068 | €1,818 | €1,818 | = |
| Current assets29/58 | €133,073 | €123,390 | €127,889 | €116,081 | ▼ 9.2% |
| Amounts receivable after more than one year29 | - | - | - | €27,200 | - |
| Other amounts receivable291 | - | - | - | €27,200 | - |
| Stocks and contracts in progress3 | €57,985 | €56,862 | €57,974 | €48,741 | ▼ 15.9% |
| Stocks30/36 | - | - | - | €48,741 | - |
| Amounts receivable within one year40/41 | €20,943 | €12,097 | €21,208 | €25,677 | ▲ 21.1% |
| Other amounts receivable41 | - | - | - | €25,677 | - |
| Cash at bank and in hand54/58 | €3,394 | €10,917 | €11,948 | €10,728 | ▼ 10.2% |
| Deferred charges and accrued income490/1 | - | - | - | €3,736 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €160,714 | €144,325 | €141,867 | €123,979 | ▼ 12.6% |
| Equity10/15 | -€31,793 | -€54,829 | -€36,532 | -€19,930 | ▲ 45.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €20,460 | - |
| Reserves13 | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | -€52,253 | -€75,289 | -€56,992 | -€40,390 | ▲ 29.1% |
| Amounts payable17/49 | €192,507 | €199,154 | €178,398 | €143,909 | ▼ 19.3% |
| Amounts payable after more than one year17 | €104,435 | €79,277 | €54,971 | €29,879 | ▼ 45.6% |
| Financial debts170/4 | - | - | - | €29,879 | - |
| Amounts payable within one year42/48 | €87,941 | €119,764 | €123,428 | €114,030 | ▼ 7.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,738 | - |
| Financial debts43 | - | - | - | €3,487 | - |
| Credit institutions430/8 | - | - | - | €3,487 | - |
| Trade debts44 | €37,974 | €67,976 | €87,101 | €67,069 | ▼ 23.0% |
| Suppliers440/4 | - | - | - | €67,069 | - |
| Taxes, remuneration and social security45 | - | - | - | €17,134 | - |
| Taxes450/3 | - | - | - | €16,940 | - |
| Remuneration and social security454/9 | - | - | - | €194 | - |
| Other amounts payable47/48 | - | - | - | €602 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€694 | -€23,036 | €18,298 | €16,601 | ▼ 9.3% |
| + Depreciation and write-downs630 | €7,128 | €6,707 | €6,707 | €6,080 | ▼ 9.3% |
| Operating cash flow (approximation) | €6,434 | -€16,329 | €25,004 | €22,681 | ▼ 9.3% |
| Investment in fixed assets (approximation) | - | €0 | €250 | €0 | ▼ 100% |
| Change in cash | - | €7,523 | €1,031 | -€1,220 | - |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 28-09-2022 | 2022-20452799 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63400265 |
| 31-12-2019 | micro format | 10-09-2020 | 2020-52400361 |
| 31-12-2018 | micro format | 27-09-2019 | 2019-67700101 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56900259 |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39900304 |
| 31-12-2015 | full format | 30-08-2016 | 2016-52800025 |
| 31-12-2014 | full format | 24-06-2015 | 2015-21000282 |
| 31-12-2013 | full format | 20-08-2014 | 2014-44600399 |
| 31-12-2012 | full format | 13-08-2013 | 2013-42100130 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.