LE PUTTEATING
Open bankruptcyFinancials · financial year 2021, full format
Turnover
≈ €210,000
Estimated: probably between €160,000 and €270,000
EBIT margin
Not included in this filing
Net result
-€18,823▼ 34.3%
2020 · -€14,018
Working capital
-€40,233▼ 64.0%
2020 · -€24,532
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result stays negative: a loss of €12,366 in 2021 against €7,983 in 2020; 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-€12,366
2021
Net result-€18,823
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€79,301
2021
Equity-€39,680
2021
Debt€118,981
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€40,233
2021
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)-23.7%
2021
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-50.0%
2021
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.62
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)3.3
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€7,412--€13,061-€7,983▲ 38.9%-€12,366▼ 54.9%
Net result€1,391--€17,273-€14,018within the sector's middle half▲ 18.8%-€18,823below the sector's middle half▼ 34.3%
Equity€10,434--€6,839-€20,857below the sector's middle half▼ 205%-€39,680below the sector's middle half▼ 90.2%
Total assets€64,275-€75,382▲ 17.3%€64,660within the sector's middle half▼ 14.2%€79,301within the sector's middle half▲ 22.6%
Debt€53,841-€82,221▲ 52.7%€85,517▲ 4.0%€118,981▲ 39.1%
Working capital-€17,383--€41,193▼ 137%-€24,532within the sector's middle half▲ 40.4%-€40,233below the sector's middle half▼ 64.0%
Solvency16.2%--9.1%▼ 25.3pp-32.3%below the sector's middle half▼ 23.2pp-50.0%below the sector's middle half▼ 17.8pp
Current ratio0.64-0.48▼ 0.160.61within the sector's middle half▲ 0.130.62below the sector's middle half=
Return on assets (ROA)2.2%--22.9%▼ 25.1pp-21.7%below the sector's middle half▲ 1.2pp-23.7%below the sector's middle half▼ 2.1pp
Staff (FTE)5.1-6.2▲ 21.6%4.4within the sector's middle half▼ 29.0%3.3within the sector's middle half▼ 25.0%
above
within
below
the middle half of NACE 56, Food and beverage service 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.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €79,301
Fixed assets
€13,854 ▼ 45.7%
Current assets
€65,447 ▲ 67.2%
Equity and liabilities
Equity-€39,680
Debt€118,981
Equity is negative: debt (€118,981) exceeds the balance-sheet total (€79,301).
Key figures and ratios
EBITDA
-€703▼
2020 · €4,230
Cash flow
-€7,160▼
2020 · -€1,805
Quick ratio
0.57▲
2020 · 0.55
Interest coverage
-0.11
Debt ≤ 1 year
€105,681▲
2020 · €63,676
Debt > 1 year
€11,300▼
2020 · €21,841
Income taxes
€0
Staff costs
€41,928
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 | - | - | - | €41,928 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,162 | €12,477 | €12,213 | €11,662 | ▼ 4.5% |
| Other operating charges640/8 | - | - | - | €835 | - |
| Gross operating margin9900 | €89,339 | €119,277 | €63,954 | €42,060 | ▼ 34.2% |
| Operating profit (loss)9901 | €7,412 | -€13,061 | -€7,983 | -€12,366 | ▼ 54.9% |
| Recurring financial income75 | - | €26 | €251 | - | - |
| Financial charges65/66B | - | - | - | €6,457 | - |
| Recurring financial charges65 | €4,490 | €5,592 | €6,286 | €6,457 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €2,922 | -€18,627 | -€14,018 | -€18,822 | ▼ 34.3% |
| Income taxes67/77 | €1,531 | -€1,354 | - | €0 | - |
| Profit (loss) for the period9904 | €1,391 | -€17,273 | -€14,018 | -€18,823 | ▼ 34.3% |
| Profit (loss) for the period to be appropriated9905 | €1,391 | -€17,273 | -€14,018 | -€18,823 | ▼ 34.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €64,275 | €75,382 | €64,660 | €79,301 | ▲ 22.6% |
| Fixed assets21/28 | €33,402 | €37,396 | €25,516 | €13,854 | ▼ 45.7% |
| Intangible fixed assets21 | €13,500 | €9,000 | €4,500 | - | - |
| Tangible fixed assets22/27 | €19,445 | €27,939 | €20,560 | €13,397 | ▼ 34.8% |
| Plant, machinery and equipment23 | - | - | - | €10,590 | - |
| Furniture and vehicles24 | - | - | - | €1,921 | - |
| Other tangible fixed assets26 | - | - | - | €886 | - |
| Financial fixed assets28 | €457 | €457 | €457 | €457 | = |
| Current assets29/58 | €30,873 | €37,985 | €39,144 | €65,447 | ▲ 67.2% |
| Stocks and contracts in progress3 | €4,218 | €2,600 | €4,185 | €4,876 | ▲ 16.5% |
| Stocks30/36 | - | - | - | €4,876 | - |
| Amounts receivable within one year40/41 | €18,726 | €24,961 | €26,859 | €53,138 | ▲ 97.8% |
| Trade receivables40 | - | - | - | €28,486 | - |
| Other amounts receivable41 | - | - | - | €24,652 | - |
| Cash at bank and in hand54/58 | €7,929 | €10,244 | €7,918 | €7,433 | ▼ 6.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €64,275 | €75,382 | €64,660 | €79,301 | ▲ 22.6% |
| Equity10/15 | €10,434 | -€6,839 | -€20,857 | -€39,680 | ▼ 90.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €21,860 | €21,860 | €21,860 | €21,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €20,000 | - |
| Profit (loss) carried forward14 | -€17,626 | -€34,899 | -€48,917 | -€67,740 | ▼ 38.5% |
| Amounts payable17/49 | €53,841 | €82,221 | €85,517 | €118,981 | ▲ 39.1% |
| Amounts payable after more than one year17 | €5,585 | €3,043 | €21,841 | €11,300 | ▼ 48.3% |
| Financial debts170/4 | - | - | - | €11,300 | - |
| Amounts payable within one year42/48 | €48,256 | €79,178 | €63,676 | €105,681 | ▲ 66.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,541 | - |
| Financial debts43 | - | - | - | €6,507 | - |
| Credit institutions430/8 | - | - | - | €6,507 | - |
| Trade debts44 | €19,358 | €25,777 | €16,847 | €32,617 | ▲ 93.6% |
| Suppliers440/4 | - | - | - | €32,617 | - |
| Advances received on contracts in progress46 | - | - | - | €1,150 | - |
| Taxes, remuneration and social security45 | - | - | - | €53,366 | - |
| Taxes450/3 | - | - | - | €7,016 | - |
| Remuneration and social security454/9 | - | - | - | €46,350 | - |
| Other amounts payable47/48 | - | - | - | €1,500 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,391 | -€17,273 | -€14,018 | -€18,823 | ▼ 34.3% |
| + Depreciation and write-downs630 | €10,162 | €12,477 | €12,213 | €11,662 | ▼ 4.5% |
| Operating cash flow (approximation) | €11,554 | -€4,796 | -€1,805 | -€7,160 | ▼ 297% |
| Investment in fixed assets (approximation) | - | -€16,471 | -€333 | €0 | - |
| Change in cash | - | €2,315 | -€2,326 | -€484 | ▲ 79.2% |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | full format | 12-07-2022 | 2022-20174138 |
| 31-12-2020 | full format | 29-10-2021 | 2021-74900008 |
| 31-12-2019 | full format | 19-10-2020 | 2020-61900284 |
| 31-12-2018 | full format | 26-07-2019 | 2019-38600543 |
| 31-12-2017 | full format | 21-08-2018 | 2018-47400579 |
| 31-12-2016 | full format | 30-08-2017 | 2017-51800521 |
| 31-12-2015 | full format | 11-07-2016 | 2016-29700385 |
| 31-12-2014 | full format | 12-06-2015 | 2015-17100478 |
| 31-12-2013 | full format | 30-07-2014 | 2014-37300190 |
| 31-12-2012 | full format | 26-07-2013 | 2013-35200410 |
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Of the 20,098 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,845. 2,733 are within a factor 10 of this headcount. 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.