LIGHTREC
InactiveFinancials · financial year 2022, abbreviated format
Turnover
€2.3m▼ 9.5%
2021 · €2.6m
EBIT margin
-95.2%▼ 39.4pp
2021 · -55.8%
Net result
-€2.2m▼ 62.2%
2021 · -€1.3m
Working capital
€29.6m▼ 10.0%
2021 · €32.9m
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result stays negative: a loss of €2.2m in 2022 against €1.4m in 2021; the loss grows and 2022 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.3m
2022
Operating result-€2.2m
2022
Net result-€2.2m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€29.8m
2022
Equity€24.8m
2022
Debt€0.1m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€29.6m
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-95.2%
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€2.6m-€2.6m▼ 0.3%€2.7m▲ 1.8%€2.6m▼ 3.8%€2.3m▼ 9.5%
Operating result-€0.8m--€0.7m▲ 9.4%€0.5m-€1.4m-€2.2m▼ 54.6%
Net result-€0.7m--€0.6m▲ 9.7%€0.5m-€1.3m-€2.2m▼ 62.2%
EBIT margin-29.1%--26.5%▲ 2.7pp18.7%▲ 45.2pp-55.8%▼ 74.5pp-95.2%▼ 39.4pp
Equity€28.4m-€27.8m▼ 2.3%€28.3m▲ 1.8%€27.0m▼ 4.7%€24.8m▼ 8.0%
Total assets€39.9m-€37.5m▼ 6.0%€35.8m▼ 4.4%€33.1m▼ 7.5%€29.8m▼ 10.2%
Debt€0.09m-€0.5m▲ 449%€0.1m▼ 78.0%€0.2m▲ 76.6%€0.1m▼ 40.7%
Working capital€39.8m-€37.0m▼ 7.1%€35.7m▼ 3.4%€32.9m▼ 7.8%€29.6m▼ 10.0%
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €29.8m
Equity
€24.8m ▼ 8.0%
Provisions
€4.8m ▼ 19.0%
Debt
€116,720 ▼ 40.7%
Debt's share of the balance-sheet total falls from 0.6% to 0.4%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2021 · 0.01
ROE
-8.7%▼
2021 · -4.9%
ROA
-7.2%▼
2021 · -4.0%
Debt ≤ 1 year
€116,717▼
2021 · €195,865
A ratio outside any meaningful range has been withheld (balance sheet total €29.8m, equity €24.8m).
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.8m | €2.3m | ▼ 16.0% |
| Turnover70 | €2.6m | €2.6m | €2.7m | €2.6m | €2.3m | ▼ 9.5% |
| Other operating income74 | - | - | - | €0.2m | - | - |
| Operating charges60/66A | - | - | - | €4.2m | €4.5m | ▲ 8.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €2.5m | €2.4m | ▼ 4.3% |
| Purchases600/8 | - | - | - | €2.5m | €2.4m | ▼ 4.3% |
| Services and other goods61 | - | - | - | €3.1m | €3.2m | ▲ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.01m | -€0.006m | ▲ 45.7% |
| Other operating charges640/8 | - | - | - | €0.07m | €0.08m | ▲ 13.4% |
| Operating profit (loss)9901 | -€0.8m | -€0.7m | €0.5m | -€1.4m | -€2.2m | ▼ 54.6% |
| Financial income75/76B | - | - | - | €0.1m | €0.06m | ▼ 42.1% |
| Recurring financial income75 | €0.06m | €0.05m | €0.02m | €0.1m | €0.06m | ▼ 42.1% |
| Income from current assets751 | - | - | - | €0.1m | €0.06m | ▼ 42.1% |
| Financial charges65/66B | - | - | - | €0.004m | €0.002m | ▼ 55.5% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.007m | €0.004m | €0.002m | ▼ 55.5% |
| Debt charges650 | - | €0.001m | €0.005m | €0.003m | €0.001m | ▼ 72.9% |
| Other financial charges652/9 | - | - | - | €0.001m | €0.001m | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | -€0.7m | -€0.6m | €0.5m | -€1.3m | -€2.2m | ▼ 62.2% |
| Profit (loss) for the period9904 | -€0.7m | -€0.6m | €0.5m | -€1.3m | -€2.2m | ▼ 62.2% |
| Profit (loss) for the period to be appropriated9905 | -€0.7m | -€0.6m | €0.5m | -€1.3m | -€2.2m | ▼ 62.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39.9m | €37.5m | €35.8m | €33.1m | €29.8m | ▼ 10.2% |
| Current assets29/58 | €39.9m | €37.5m | €35.8m | €33.1m | €29.8m | ▼ 10.2% |
| Amounts receivable within one year40/41 | €1.3m | €1.2m | €1.6m | €1.2m | €0.9m | ▼ 27.1% |
| Trade receivables40 | - | - | - | €1.2m | €0.9m | ▼ 28.8% |
| Other amounts receivable41 | - | - | - | - | €0.02m | - |
| Current investments50/53 | €12.7m | €9.1m | €22.6m | €22.6m | €22.3m | ▼ 1.3% |
| Cash at bank and in hand54/58 | €25.9m | €27.2m | €11.6m | €9.3m | €6.5m | ▼ 29.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.02m | ▲ 549% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39.9m | €37.5m | €35.8m | €33.1m | €29.8m | ▼ 10.2% |
| Equity10/15 | €28.4m | €27.8m | €28.3m | €27.0m | €24.8m | ▼ 8.0% |
| Reserves13 | - | - | - | €4.9m | €4.9m | = |
| Profit (loss) carried forward14 | €22.2m | €21.5m | €23.4m | €22.1m | €19.9m | ▼ 9.8% |
| Provisions and deferred taxes16 | €11.4m | €9.2m | €7.4m | €6.0m | €4.8m | ▼ 19.0% |
| Provisions for liabilities and charges160/5 | - | - | - | €6.0m | €4.8m | ▼ 19.0% |
| Other liabilities and charges164/5 | - | - | - | €6.0m | €4.8m | ▼ 19.0% |
| Amounts payable17/49 | €0.09m | €0.5m | €0.1m | €0.2m | €0.1m | ▼ 40.7% |
| Amounts payable within one year42/48 | €0.09m | €0.5m | €0.1m | €0.2m | €0.1m | ▼ 40.4% |
| Trade debts44 | €0.06m | €0.1m | €0.07m | €0.2m | €0.09m | ▼ 42.5% |
| Suppliers440/4 | - | - | - | €0.2m | €0.09m | ▼ 42.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | ▼ 9.4% |
| Taxes450/3 | - | - | - | €0.03m | €0.03m | ▼ 9.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €3 | ▼ 99.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.7m | -€0.6m | €0.5m | -€1.3m | -€2.2m | ▼ 62.2% |
| Operating cash flow (approximation) | -€0.7m | -€0.6m | €0.5m | -€1.3m | -€2.2m | ▼ 62.2% |
| Change in cash | - | €1.3m | -€15.6m | -€2.4m | -€2.8m | ▼ 16.9% |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00185469 |
| 31-12-2021 | abbreviated format | 08-06-2022 | 2022-20053387 |
| 31-12-2020 | abbreviated format | 17-06-2021 | 2021-21600451 |
| 31-12-2019 | abbreviated format | 11-06-2020 | 2020-16100424 |
| 31-12-2018 | abbreviated format | 06-06-2019 | 2019-16700346 |
| 31-12-2017 | abbreviated format | 07-06-2018 | 2018-16500062 |
| 31-12-2016 | abbreviated format | 14-06-2017 | 2017-18500186 |
| 31-12-2015 | abbreviated format | 15-06-2016 | 2016-18400562 |
| 31-12-2014 | abbreviated format | 18-06-2015 | 2015-19700538 |
| 31-12-2013 | abbreviated format | 12-06-2014 | 2014-17900092 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.