LIPRO
InactiveFinancials · financial year 2022, abbreviated format
Annual accounts 2022 filed on 31-07-2023 PDF all 32 filings
Turnover
≈ €610,000
Estimated: probably between €370,000 and €1.0m
Total assets
€2.3m▲ 5.9%
2021 · €2.1m
Net result
€123,184▲ 4.8%
2021 · €117,561
Working capital
€1.5m▲ 12.7%
2021 · €1.3m
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€141,430
▲ 28.3%
2022
20182022
Net result
€123,184
▲ 4.8%
2022
20182022
Equity
€2.1m
▲ 6.3%
2022
20182022
Total assets
€2.3m
▲ 5.9%
2022
20182022
Debt
€178,319
▲ 1.0%
2022
20182022
Working capital
€1.5m
▲ 12.7%
2022
20182022
Staff (FTE)
1
=
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€0.1m-€0.1m▲ 33.3%€0.09m▼ 36.1%€0.1m▲ 25.7%€0.1m▲ 28.3%
Net result€0.1m-€0.1m▲ 24.8%€0.1m▼ 20.2%€0.1m▲ 19.3%€0.1m▲ 4.8%
Equity€1.6m-€1.7m▲ 7.7%€1.8m▲ 5.7%€2.0m▲ 6.4%€2.1m▲ 6.3%
Total assets€1.7m-€1.9m▲ 11.6%€1.9m▲ 2.5%€2.1m▲ 10.3%€2.3m▲ 5.9%
Debt€0.07m-€0.1m▲ 97.1%€0.1m▼ 34.5%€0.2m▲ 83.4%€0.2m▲ 1.0%
Working capital€0.9m-€1.0m▲ 20.3%€1.2m▲ 17.2%€1.3m▲ 9.0%€1.5m▲ 12.7%
Staff (FTE)11=1=
The operating result for 2022 is 28% higher than in 2021 and the highest since 2018. It is the second rise in a row, 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
2022 in colour, 2021 as the grey bar beneath
Assets €2.3m
Fixed assets
€617,809 ▼ 5.3%
Current assets
€1.6m ▲ 10.8%
Equity and liabilities €2.3m
Equity
€2.1m ▲ 6.3%
Debt
€178,319 ▲ 1.0%
Debt's share of the balance-sheet total falls from 8.3% to 7.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€176,103▲
2021 · €148,626
Cash flow
€157,858▲
2021 · €155,933
Current ratio
12.80▲
2021 · 10.68
Debt to equity
0.09▼
2021 · 0.09
ROE
5.9%▼
2021 · 6.0%
ROA
5.5%▼
2021 · 5.5%
Interest coverage
over 100
2021 · over 100
Debt ≤ 1 year
€127,683▼
2021 · €138,100
Debt > 1 year
€28,500▼
2021 · €33,150
Income taxes
€41,251▲
2021 · €39,259
Staff costs
€45,623▼
2021 · €55,448
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | - | 0 |
| Left | - | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €55,448 | €45,623 | ▼ 17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101,607 | €85,590 | €87,064 | €38,372 | €34,673 | ▼ 9.6% |
| Other operating charges640/8 | - | - | - | €37,281 | €37,909 | ▲ 1.7% |
| Gross operating margin9900 | €235,690 | €255,169 | €242,392 | €241,355 | €259,635 | ▲ 7.6% |
| Operating profit (loss)9901 | €102,937 | €137,226 | €87,701 | €110,254 | €141,430 | ▲ 28.3% |
| Financial income75/76B | - | - | - | €46,914 | €23,393 | ▼ 50.1% |
| Recurring financial income75 | €41,008 | €37,417 | €44,047 | €46,914 | €23,393 | ▼ 50.1% |
| Financial charges65/66B | - | - | - | €348 | €387 | ▲ 11.3% |
| Recurring financial charges65 | €47 | €32 | €199 | €348 | €387 | ▲ 11.3% |
| Profit (loss) for the period before taxes9903 | €143,898 | €174,611 | €131,549 | €156,820 | €164,436 | ▲ 4.9% |
| Income taxes67/77 | €44,965 | €51,107 | €33,023 | €39,259 | €41,251 | ▲ 5.1% |
| Profit (loss) for the period9904 | €98,934 | €123,504 | €98,526 | €117,561 | €123,184 | ▲ 4.8% |
| Profit (loss) for the period to be appropriated9905 | €98,934 | €123,504 | €98,526 | €117,561 | €123,184 | ▲ 4.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.9m | €1.9m | €2.1m | €2.3m | ▲ 5.9% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 5.3% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 5.3% |
| Land and buildings22 | - | - | - | €0.7m | €0.6m | ▼ 5.2% |
| Plant, machinery and equipment23 | - | - | - | €473 | - | - |
| Furniture and vehicles24 | - | - | - | €103 | €86 | ▼ 15.8% |
| Current assets29/58 | €0.9m | €1.1m | €1.2m | €1.5m | €1.6m | ▲ 10.8% |
| Amounts receivable within one year40/41 | €0.9m | €1.1m | €0.9m | €1.5m | €1.3m | ▼ 12.6% |
| Trade receivables40 | - | - | - | - | €0.02m | - |
| Other amounts receivable41 | - | - | - | €1.5m | €1.3m | ▼ 13.8% |
| Cash at bank and in hand54/58 | €0.006m | €0.007m | €0.3m | €0.006m | €0.3m | ▲ 59× |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.005m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.9m | €1.9m | €2.1m | €2.3m | ▲ 5.9% |
| Equity10/15 | €1.6m | €1.7m | €1.8m | €2.0m | €2.1m | ▲ 6.3% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | - | - | €1.0m | €1.0m | = |
| Issued capital100 | - | - | - | €1.0m | €1.0m | = |
| Reserves13 | €0.6m | €0.8m | €0.9m | €1.0m | €1.1m | ▲ 12.5% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.05m | ▲ 14.6% |
| Legal reserve130 | - | - | - | €0.04m | €0.05m | ▲ 14.6% |
| Distributable reserves133 | - | - | - | €0.9m | €1.1m | ▲ 12.4% |
| Amounts payable17/49 | €0.07m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 1.0% |
| Amounts payable after more than one year17 | €0.06m | €0.07m | €0.08m | €0.03m | €0.03m | ▼ 14.0% |
| Other amounts payable178/9 | - | - | - | €0.03m | €0.03m | ▼ 14.0% |
| Amounts payable within one year42/48 | €0.007m | €0.06m | €0.01m | €0.1m | €0.1m | ▼ 7.5% |
| Trade debts44 | €0.005m | €0.05m | €0.003m | €0.1m | €0.1m | ▼ 0.7% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | ▼ 0.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.002m | ▼ 84.4% |
| Taxes450/3 | - | - | - | €0.007m | €0.002m | ▼ 67.9% |
| Remuneration and social security454/9 | - | - | - | €0.007m | - | - |
| Other amounts payable47/48 | - | - | - | - | €0.003m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.02m | ▲ 319% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €98,934 | €123,504 | €98,526 | €117,561 | €123,184 | ▲ 4.8% |
| + Depreciation and write-downs630 | €101,607 | €85,590 | €87,064 | €38,372 | €34,673 | ▼ 9.6% |
| Operating cash flow (approximation) | €200,540 | €209,094 | €185,590 | €155,933 | €157,858 | ▲ 1.2% |
| Investment in fixed assets (approximation) | - | -€55,132 | €0 | €0 | €0 | - |
| Change in cash | - | €1,535 | €300,887 | -€302,437 | €339,568 | - |
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 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00300629 | |
| 31-12-2021 | abbreviated format | 22-06-2022 | 2022-20086650 | |
| 31-12-2020 | abbreviated format | 17-06-2021 | 2021-21300057 | |
| 31-12-2019 | abbreviated format | 06-07-2020 | 2020-27000175 | |
| 31-12-2018 | abbreviated format | 02-07-2019 | 2019-26900582 | |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-40800574 | |
| 31-12-2016 | full format | 27-07-2017 | 2017-38100400 | |
| 31-12-2015 | full format | 29-07-2016 | 2016-38600543 | |
| 31-12-2014 | full format | 30-07-2015 | 2015-38800021 | |
| 31-12-2013 | full format | 31-07-2014 | 2014-38800512 |