LIGHT
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 18 days after the deadline Filed on 18 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00335119.
Annual accounts 2022 filed on 18-08-2023 PDF all 6 filings
Turnover
€867,458▲ 0.5%
2021 · €862,988
EBIT margin
0.4%▼ 0.8pp
2021 · 1.2%
Net result
-€519
2021 · €2,536
Working capital
€21,926▲ 15.8%
2021 · €18,938
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is 68% lower than in 2021.
Turnover€867,458
2022
Operating result€3,262
2022
Net result-€519
2022
Total assets€108,631
2022
Equity€31,365
2022
Debt€77,266
2022
Working capital€21,926
2022
EBIT margin0.4%
2022
Return on assets (ROA)-0.5%
2022
Solvency28.9%
2022
Current ratio1.28
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.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€649,870-€642,382▼ 1.2%€997,461▲ 55.3%€862,988▼ 13.5%€867,458▲ 0.5%
Operating result-€9,077-€997€10,080▲ 911%€10,289▲ 2.1%€3,262▼ 68.3%
Net result-€9,123--€7,110▲ 22.1%€2,284within the sector's middle half€2,536within the sector's middle half▲ 11.0%-€519within the sector's middle half
EBIT margin-1.4%-0.2%▲ 1.6pp1.0%▲ 0.9pp1.2%▲ 0.2pp0.4%▼ 0.8pp
Equity€9,550-€26,063▲ 173%€29,348within the sector's middle half▲ 12.6%€31,884within the sector's middle half▲ 8.6%€31,365within the sector's middle half▼ 1.6%
Total assets€52,989-€80,485▲ 51.9%€128,185within the sector's middle half▲ 59.3%€106,198within the sector's middle half▼ 17.2%€108,631within the sector's middle half▲ 2.3%
Debt€43,439-€54,421▲ 25.3%€98,838▲ 81.6%€74,314▼ 24.8%€77,266▲ 4.0%
Working capital€266-€3,799▲ 14×€11,243within the sector's middle half▲ 196%€18,938within the sector's middle half▲ 68.4%€21,926within the sector's middle half▲ 15.8%
Solvency18.0%-32.4%▲ 14.4pp22.9%within the sector's middle half▼ 9.5pp30.0%within the sector's middle half▲ 7.1pp28.9%within the sector's middle half▼ 1.1pp
Current ratio1.01-1.07▲ 0.061.11within the sector's middle half▲ 0.041.25within the sector's middle half▲ 0.141.28within the sector's middle half▲ 0.03
Return on assets (ROA)-17.2%--8.8%▲ 8.4pp1.8%within the sector's middle half▲ 10.6pp2.4%within the sector's middle half▲ 0.6pp-0.5%within the sector's middle half▼ 2.9pp
Staff (FTE)2.8
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €108,631
Fixed assets
€9,440 ▼ 27.1%
Current assets
€99,191 ▲ 6.4%
Equity and liabilities €108,631
Equity
€31,365 ▼ 1.6%
Debt
€77,266 ▲ 4.0%
Debt's share of the balance-sheet total rises from 70.0% to 71.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,768▼
2021 · €15,449
Cash flow
€2,987▼
2021 · €7,696
Quick ratio
0.75▲
2021 · 0.68
Debt to equity
2.46▲
2021 · 2.33
ROE
-1.7%▼
2021 · 8.0%
Interest coverage
0.95▼
2021 · 2.50
Debt ≤ 1 year
€77,266▲
2021 · €74,314
Customer credit
20 days▼
2021 · 21 days
Supplier credit
22 days▼
2021 · 23 days
Staff costs
€95,499▲
2021 · €80,026
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €649,870 | €642,382 | €997,461 | €862,988 | €867,458 | ▲ 0.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €773,241 | €769,081 | ▼ 0.5% |
| Remuneration, social security and pensions62 | - | - | - | €80,026 | €95,499 | ▲ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,760 | - | €5,160 | €5,160 | €3,506 | ▼ 32.0% |
| Other operating charges640/8 | - | - | - | €5,882 | €6,312 | ▲ 7.3% |
| Gross operating margin9900 | €11,373 | €62,078 | €83,176 | €101,357 | €108,580 | ▲ 7.1% |
| Operating profit (loss)9901 | -€9,077 | €997 | €10,080 | €10,289 | €3,262 | ▼ 68.3% |
| Financial income75/76B | - | - | - | €765 | €3,313 | ▲ 333% |
| Recurring financial income75 | - | - | - | €765 | €3,313 | ▲ 333% |
| Financial charges65/66B | - | - | - | €6,182 | €7,094 | ▲ 14.8% |
| Recurring financial charges65 | €47 | €6,031 | €7,796 | €6,182 | €7,094 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | -€9,123 | -€5,034 | €2,284 | €4,872 | -€519 | - |
| Income taxes67/77 | - | €2,075 | - | €2,336 | - | - |
| Profit (loss) for the period9904 | -€9,123 | -€7,110 | €2,284 | €2,536 | -€519 | - |
| Profit (loss) for the period to be appropriated9905 | -€9,123 | -€7,110 | €2,284 | €2,536 | -€519 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,989 | €80,485 | €128,185 | €106,198 | €108,631 | ▲ 2.3% |
| Fixed assets21/28 | €20,284 | €22,264 | €18,105 | €12,945 | €9,440 | ▼ 27.1% |
| Tangible fixed assets22/27 | €17,584 | €17,584 | €13,425 | €8,265 | €4,760 | ▼ 42.4% |
| Plant, machinery and equipment23 | - | - | - | €200 | - | - |
| Furniture and vehicles24 | - | - | - | €8,065 | €4,760 | ▼ 41.0% |
| Financial fixed assets28 | €2,700 | €4,680 | €4,680 | €4,680 | €4,680 | = |
| Current assets29/58 | €32,704 | €58,220 | €110,080 | €93,252 | €99,191 | ▲ 6.4% |
| Stocks and contracts in progress3 | €28,174 | €40,325 | €66,917 | €42,931 | €41,386 | ▼ 3.6% |
| Stocks30/36 | - | - | - | €42,931 | €41,386 | ▼ 3.6% |
| Amounts receivable within one year40/41 | - | €8,154 | €32,438 | €48,830 | €47,289 | ▼ 3.2% |
| Other amounts receivable41 | - | - | - | €48,830 | €47,289 | ▼ 3.2% |
| Cash at bank and in hand54/58 | €4,095 | €9,742 | €10,725 | €1,430 | €10,013 | ▲ 600% |
| Deferred charges and accrued income490/1 | - | - | - | €61 | €503 | ▲ 727% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,989 | €80,485 | €128,185 | €106,198 | €108,631 | ▲ 2.3% |
| Equity10/15 | €9,550 | €26,063 | €29,348 | €31,884 | €31,365 | ▼ 1.6% |
| Contributions10/11 | €17,600 | €17,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €563 | €563 | €563 | €563 | €563 | = |
| Non-distributable reserves130/1 | - | - | - | €54 | €54 | = |
| Reserves not available under the articles1311 | - | - | - | €54 | €54 | = |
| Distributable reserves133 | - | - | - | €510 | €510 | = |
| Profit (loss) carried forward14 | -€8,613 | €7,900 | €10,184 | €12,720 | €12,202 | ▼ 4.1% |
| Amounts payable17/49 | €43,439 | €54,421 | €98,838 | €74,314 | €77,266 | ▲ 4.0% |
| Amounts payable after more than one year17 | €11,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €32,439 | €54,421 | €98,838 | €74,314 | €77,266 | ▲ 4.0% |
| Trade debts44 | €13,984 | €36,436 | €67,314 | €48,546 | €45,450 | ▼ 6.4% |
| Suppliers440/4 | - | - | - | €48,546 | €45,450 | ▼ 6.4% |
| Taxes, remuneration and social security45 | - | - | - | €25,768 | €31,816 | ▲ 23.5% |
| Taxes450/3 | - | - | - | €9,093 | €12,994 | ▲ 42.9% |
| Remuneration and social security454/9 | - | - | - | €16,675 | €18,822 | ▲ 12.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,123 | -€7,110 | €2,284 | €2,536 | -€519 | - |
| + Depreciation and write-downs630 | €4,760 | - | €5,160 | €5,160 | €3,506 | ▼ 32.0% |
| Operating cash flow (approximation) | -€4,364 | -€7,110 | €7,444 | €7,696 | €2,987 | ▼ 61.2% |
| Investment in fixed assets (approximation) | - | -€1,980 | -€1,000 | €0 | €0 | - |
| Change in cash | - | €5,647 | €984 | -€9,295 | €8,583 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 18-08-2023 | 2023-00335119 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20419132 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-41700495 | |
| 31-12-2019 | micro format | 25-08-2020 | 2020-44400343 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-59100208 | |
| 31-12-2017 | full format | 28-08-2018 | 2018-50700408 |