LIGHT
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed late (18 days) 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.
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 falls in 2022; 2022 is 68% below 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€867,458
2022
Operating result€3,262
2022
Net result-€519
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€108,631
2022
Equity€31,365
2022
Debt€77,266
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€21,926
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.4%
2022
Return on assets (ROA)-0.5%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency28.9%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.28
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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).
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 middle half of NACE 47, Retail trade: 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.
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
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 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 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 |
Similar companies · same sector, comparable size
DOK TRADING
BE 0480.155.938
Fléron · equity €31,381
SMT FOOD
BE 0844.778.542
Sint-Jans-Molenbeek · equity €31,346
NOY GROUP
BE 0805.947.066
Antwerpen · equity €31,338
ZF GENERAL TRADING
BE 0676.976.460
Anderlecht · equity €31,402
Meher Brothers
BE 0661.773.491
Mechelen · equity €31,326
Of the 10,336 active companies whose main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110), figures are known for 6,013. 4,559 are within a factor 10 of this equity. 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.