LAUNCHPAD 5
Bankruptcy closedFinancials · financial year 2022, full format
Annual accounts 2022 filed on 26-06-2023 PDF all 2 filings
Turnover
≈ €140,000
Estimated: probably between €74,000 and €260,000
EBIT margin
Not included in this filing
Net result
€1,318▼ 90.7%
2021 · €14,200
Working capital
€6,328▲ 209%
2021 · €2,051
Trend over the years
2021 to 2022, 2 financial years
The operating result for 2022 is 82% lower than in 2021.
Operating result€3,678
2022
Net result€1,318
2022
Total assets€45,589
2022
Equity€18,518
2022
Debt€27,070
2022
Working capital€6,328
2022
Staff (FTE)1
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022
Operating result€19,985-€3,678▼ 81.6%
Net result€14,200-€1,318▼ 90.7%
Equity€17,200-€18,518▲ 7.7%
Total assets€61,842-€45,589▼ 26.3%
Debt€44,642-€27,070▼ 39.4%
Working capital€2,051-€6,328▲ 209%
Staff (FTE)1-1=
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €45,589
Fixed assets
€12,203 ▼ 19.4%
Current assets
€33,386 ▼ 28.5%
Equity and liabilities €45,589
Equity
€18,518 ▲ 7.7%
Debt
€27,070 ▼ 39.4%
Debt's share of the balance-sheet total falls from 72.2% to 59.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,148▼
2021 · €22,134
Cash flow
€5,788▼
2021 · €16,349
Current ratio
1.23▲
2021 · 1.05
Debt to equity
1.46▼
2021 · 2.60
ROE
7.1%▼
2021 · 82.6%
ROA
2.9%▼
2021 · 23.0%
Interest coverage
20.11▼
2021 · over 100
Debt ≤ 1 year
€27,057▼
2021 · €44,642
Income taxes
€1,968▼
2021 · €5,681
Staff costs
€29,576▲
2021 · €27,534
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 0 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €17,298 | €1,523 |
| Depreciation and write-downs of the year | €2,149 | €4,470 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €27,534 | €29,576 | ▲ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,149 | €4,470 | ▲ 108% |
| Other operating charges640/8 | €1,035 | €1,138 | ▲ 9.9% |
| Gross operating margin9900 | €50,702 | €38,861 | ▼ 23.4% |
| Operating profit (loss)9901 | €19,985 | €3,678 | ▼ 81.6% |
| Financial income75/76B | €5 | €13 | ▲ 155% |
| Recurring financial income75 | €5 | €13 | ▲ 155% |
| Financial charges65/66B | €109 | €405 | ▲ 272% |
| Recurring financial charges65 | €109 | €405 | ▲ 272% |
| Profit (loss) for the period before taxes9903 | €19,881 | €3,286 | ▼ 83.5% |
| Income taxes67/77 | €5,681 | €1,968 | ▼ 65.4% |
| Profit (loss) for the period9904 | €14,200 | €1,318 | ▼ 90.7% |
| Profit (loss) for the period to be appropriated9905 | €14,200 | €1,318 | ▼ 90.7% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €61,842 | €45,589 | ▼ 26.3% |
| Fixed assets21/28 | €15,150 | €12,203 | ▼ 19.4% |
| Tangible fixed assets22/27 | €15,150 | €12,203 | ▼ 19.4% |
| Furniture and vehicles24 | €15,150 | €12,203 | ▼ 19.4% |
| Current assets29/58 | €46,693 | €33,386 | ▼ 28.5% |
| Amounts receivable within one year40/41 | €20,267 | €17,870 | ▼ 11.8% |
| Trade receivables40 | €16,763 | €8,422 | ▼ 49.8% |
| Other amounts receivable41 | €3,504 | €9,449 | ▲ 170% |
| Cash at bank and in hand54/58 | €24,127 | €13,590 | ▼ 43.7% |
| Deferred charges and accrued income490/1 | €2,299 | €1,925 | ▼ 16.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €61,842 | €45,589 | ▼ 26.3% |
| Equity10/15 | €17,200 | €18,518 | ▲ 7.7% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €10,000 | €10,000 | = |
| Distributable reserves133 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €4,200 | €5,518 | ▲ 31.4% |
| Amounts payable17/49 | €44,642 | €27,070 | ▼ 39.4% |
| Amounts payable within one year42/48 | €44,642 | €27,057 | ▼ 39.4% |
| Trade debts44 | €1,920 | €2,776 | ▲ 44.6% |
| Suppliers440/4 | €1,920 | €2,776 | ▲ 44.6% |
| Taxes, remuneration and social security45 | €19,874 | €11,362 | ▼ 42.8% |
| Taxes450/3 | €14,842 | €6,348 | ▼ 57.2% |
| Remuneration and social security454/9 | €5,033 | €5,014 | ▼ 0.4% |
| Other amounts payable47/48 | €22,848 | €12,919 | ▼ 43.5% |
| Accrued charges and deferred income492/3 | - | €13 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €14,200 | €1,318 | ▼ 90.7% |
| + Depreciation and write-downs630 | €2,149 | €4,470 | ▲ 108% |
| Operating cash flow (approximation) | €16,349 | €5,788 | ▼ 64.6% |
| Investment in fixed assets (approximation) | - | -€1,523 | - |
| Change in cash | - | -€10,537 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.