LICTORES
InactiveFinancials · financial year 2021, abbreviated format
Annual accounts 2021 filed on 20-07-2022 PDF all 14 filings
Turnover
≈ €2.2m
Estimated: probably between €1.5m and €3.6m
Total assets
€3.9m▼ 9.8%
2020 · €4.3m
Net result
€372,728
2020 · -€6,424
Working capital
€982,407▲ 35.6%
2020 · €724,235
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€542,990
▲ 15×
2021
20182021
Net result
€372,728
2021
20182021
Equity
€1.4m
▲ 35.3%
2021
20182021
Total assets
€3.9m
▼ 9.8%
2021
20182021
Debt
€2.4m
▼ 24.5%
2021
20182021
Working capital
€982,407
▲ 35.6%
2021
20182021
Staff (FTE)
9.2
▼ 19.3%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.2m-€0.4m▲ 113%€0.04m▼ 91.7%€0.5m▲ 15×
Net result€0.2m-€0.3m▲ 71.1%-€0.006m€0.4m
Equity€0.8m-€1.1m▲ 37.6%€1.1m▼ 0.6%€1.4m▲ 35.3%
Total assets€5.1m-€4.9m▼ 3.7%€4.3m▼ 12.1%€3.9m▼ 9.8%
Debt€4.3m-€3.8m▼ 11.4%€3.2m▼ 15.3%€2.4m▼ 24.5%
Working capital-€0.2m-€0.7m€0.7m▲ 3.7%€1.0m▲ 35.6%
Staff (FTE)11.6-11.7▲ 0.9%11.4▼ 2.6%9.2▼ 19.3%
The operating result for 2021 is 15 times that of 2020 and the highest since 2018. It is a recovery after the fall in 2020.
Turnover and EBIT margin are not published. The abbreviated 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 €3.9m
Fixed assets
€2.5m ▼ 8.8%
Current assets
€1.4m ▼ 11.5%
Equity and liabilities €3.9m
Equity
€1.4m ▲ 35.3%
Provisions
€12,400 ▼ 6.0%
Debt
€2.4m ▼ 24.5%
Debt's share of the balance-sheet total falls from 75.2% to 63.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€814,249▲
2020 · €325,190
Cash flow
€643,988▲
2020 · €282,531
Current ratio
3.43▲
2020 · 1.86
Debt to equity
1.72▼
2020 · 2.27
ROE
26.1%▲
2020 · -0.6%
ROA
9.6%▲
2020 · -0.1%
Interest coverage
23.20
Debt ≤ 1 year
€404,060▼
2020 · €842,936
Debt > 1 year
€2.0m▼
2020 · €2.4m
Income taxes
€135,990▲
2020 · €9,233
Staff costs
€434,984
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 12 |
| full-time | 5 |
| part-time | 7 |
| in full-time equivalents | 9.5 |
| Average over the year, in full-time equivalents | 9.2 |
| On a permanent contract | 12 |
| Joined | 2 |
| Left | 3 |
Source: social balance sheet in the 2021 annual accounts
Securities and guarantees
| Item | 2021 |
|---|---|
| Debts secured on the company's own assets | €2.0m |
Source: notes to the 2021 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €10,238 |
| Intangible fixed assets | €3,662 |
| Financial fixed assets | €40,200 |
| Depreciation and write-downs of the year | €271,259 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.4m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 6.1% |
| Other operating charges640/8 | - | - | - | €0.01m | - |
| Gross operating margin9900 | €1.1m | €1.3m | €0.9m | €1.3m | ▲ 47.5% |
| Operating profit (loss)9901 | €0.2m | €0.4m | €0.04m | €0.5m | ▲ 15× |
| Financial income75/76B | - | - | - | €29 | - |
| Recurring financial income75 | €21 | - | €0 | €29 | ▲ 69× |
| Financial charges65/66B | - | - | - | €0.04m | - |
| Recurring financial charges65 | €0.03m | €0.04m | €0.04m | €0.04m | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.4m | €0.001m | €0.5m | ▲ 488× |
| Transfer from deferred taxes780 | - | - | - | €0.001m | - |
| Income taxes67/77 | €0.001m | €0.09m | €0.009m | €0.1m | ▲ 15× |
| Profit (loss) for the period9904 | €0.2m | €0.3m | -€0.006m | €0.4m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.003m | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.001m | €0.4m | ▲ 580× |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.1m | €4.9m | €4.3m | €3.9m | ▼ 9.8% |
| Fixed assets21/28 | €3.6m | €2.9m | €2.7m | €2.5m | ▼ 8.8% |
| Intangible fixed assets21 | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 24.2% |
| Tangible fixed assets22/27 | €2.8m | €2.2m | €2.1m | €1.9m | ▼ 9.2% |
| Land and buildings22 | - | - | - | €1.8m | - |
| Furniture and vehicles24 | - | - | - | €0.1m | - |
| Financial fixed assets28 | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 13.7% |
| Current assets29/58 | €1.5m | €2.0m | €1.6m | €1.4m | ▼ 11.5% |
| Amounts receivable within one year40/41 | €1.1m | €0.9m | €0.8m | €1.1m | ▲ 34.7% |
| Trade receivables40 | - | - | - | €1.1m | - |
| Cash at bank and in hand54/58 | €0.4m | €1.1m | €0.7m | €0.3m | ▼ 62.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.1m | €4.9m | €4.3m | €3.9m | ▼ 9.8% |
| Equity10/15 | €0.8m | €1.1m | €1.1m | €1.4m | ▲ 35.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | - |
| Reserves13 | €0.8m | €1.0m | €1.0m | €1.4m | ▲ 36.0% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - |
| Tax-exempt reserves132 | - | - | - | €0.05m | - |
| Distributable reserves133 | - | - | - | €1.4m | - |
| Profit (loss) carried forward14 | €0.001m | €66 | €0.001m | €0.001m | = |
| Provisions and deferred taxes16 | - | €0.01m | €0.01m | €0.01m | ▼ 6.0% |
| Deferred taxes168 | - | - | - | €0.01m | - |
| Amounts payable17/49 | €4.3m | €3.8m | €3.2m | €2.4m | ▼ 24.5% |
| Amounts payable after more than one year17 | €2.6m | €2.6m | €2.4m | €2.0m | ▼ 14.6% |
| Financial debts170/4 | - | - | - | €1.8m | - |
| Other amounts payable178/9 | - | - | - | €0.2m | - |
| Amounts payable within one year42/48 | €1.8m | €1.3m | €0.8m | €0.4m | ▼ 52.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | - |
| Trade debts44 | €1.2m | €1.0m | €0.5m | €0.02m | ▼ 95.5% |
| Suppliers440/4 | - | - | - | €0.02m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | - |
| Taxes450/3 | - | - | - | €0.1m | - |
| Remuneration and social security454/9 | - | - | - | €0.04m | - |
| Other amounts payable47/48 | - | - | - | €0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €169,576 | €290,072 | -€6,424 | €372,728 | - |
| + Depreciation and write-downs630 | €342,897 | €293,888 | €288,955 | €271,259 | ▼ 6.1% |
| Operating cash flow (approximation) | €512,473 | €583,961 | €282,531 | €643,988 | ▲ 128% |
| Investment in fixed assets (approximation) | - | €349,082 | -€99,601 | -€30,274 | ▲ 69.6% |
| Change in cash | - | €641,684 | -€317,477 | -€466,211 | ▼ 46.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 20-07-2022 | 2022-20203920 | |
| 31-12-2020 | abbreviated format | 27-07-2021 | 2021-41200279 | |
| 31-12-2019 | abbreviated format | 27-10-2020 | 2020-63500262 | |
| 31-12-2018 | abbreviated format | 20-08-2019 | 2019-47800389 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57400214 | |
| 31-12-2016 | abbreviated format | 24-07-2017 | 2017-34500505 | |
| 31-12-2015 | abbreviated format | 22-09-2016 | 2016-60800134 | |
| 31-12-2014 | abbreviated format | 29-09-2015 | 2015-62600583 | |
| 31-12-2013 | abbreviated format | 24-09-2014 | 2014-59800231 | |
| 31-12-2012 | abbreviated format | 27-09-2013 | 2013-60600339 |