LJT Trans
Open bankruptcyFinancials · financial year 2022, abbreviated format
Annual accounts 2022 filed on 20-07-2023 PDF all 4 filings
Turnover
≈ €130,000
Estimated: probably between €100,000 and €210,000
Total assets
€126,887▼ 23.6%
2021 · €166,084
Net result
€20,532▼ 7.7%
2021 · €22,236
Working capital
€6,870
2021 · -€11,921
Trend over the years
2019 to 2022, 4 financial years
The operating result for 2022 is 22% higher than in 2021 and the highest since 2019. It is the third rise in a row.
Operating result€39,792
2022
Net result€20,532
2022
Total assets€126,887
2022
Equity€21,781
2022
Debt€105,105
2022
Working capital€6,870
2022
Return on assets (ROA)16.2%
2022
Solvency17.2%
2022
Current ratio1.12
2022
Staff (FTE)1.1
2020
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result-€7,527-€14,942€32,654▲ 119%€39,792▲ 21.9%
Net result-€14,174--€13,013below the sector's middle half▲ 8.2%€22,236within the sector's middle half€20,532within the sector's middle half▼ 7.7%
Equity-€7,974--€20,987below the sector's middle half▼ 163%€1,249below the sector's middle half€21,781below the sector's middle half▲ 17×
Total assets€180,672-€157,539below the sector's middle half▼ 12.8%€166,084below the sector's middle half▲ 5.4%€126,887below the sector's middle half▼ 23.6%
Debt€188,645-€178,526▼ 5.4%€164,834▼ 7.7%€105,105▼ 36.2%
Working capital-€52,126--€33,293below the sector's middle half▲ 36.1%-€11,921below the sector's middle half▲ 64.2%€6,870within the sector's middle half
Solvency-4.4%--13.3%below the sector's middle half▼ 8.9pp0.8%below the sector's middle half▲ 14.1pp17.2%below the sector's middle half▲ 16.4pp
Current ratio0.46-0.60below the sector's middle half▲ 0.140.87below the sector's middle half▲ 0.271.12within the sector's middle half▲ 0.25
Return on assets (ROA)-7.8%--8.3%below the sector's middle half▼ 0.4pp13.4%above the sector's middle half▲ 21.6pp16.2%above the sector's middle half▲ 2.8pp
Staff (FTE)1-1.1below the sector's middle half▲ 10.0%
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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.
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 €126,887
Fixed assets
€64,627 ▼ 25.0%
Current assets
€62,259 ▼ 22.1%
Equity and liabilities €126,887
Equity
€21,781 ▲ 17×
Debt
€105,105 ▼ 36.2%
Debt's share of the balance-sheet total falls from 99.2% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61,309▲
2021 · €54,171
Cash flow
€42,049▼
2021 · €43,753
Debt to equity
4.83
ROE
94.3%
Interest coverage
4.88▼
2021 · 5.69
Debt ≤ 1 year
€55,390▼
2021 · €91,860
Debt > 1 year
€49,716▼
2021 · €72,974
Income taxes
€6,694▲
2021 · €907
Staff costs
-€31,973▼
2021 · €3,195
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2022 · 1 entry · €453 awarded · €453 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €3,195 | -€31,973 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,872 | €21,517 | €21,517 | €21,517 | = |
| Other operating charges640/8 | - | - | €25,052 | €8,524 | ▼ 66.0% |
| Gross operating margin9900 | €78,905 | €70,537 | €82,419 | €37,859 | ▼ 54.1% |
| Operating profit (loss)9901 | -€7,527 | €14,942 | €32,654 | €39,792 | ▲ 21.9% |
| Financial income75/76B | - | - | €9 | €0 | ▼ 99.3% |
| Recurring financial income75 | €3 | €8 | €9 | €0 | ▼ 99.3% |
| Financial charges65/66B | - | - | €9,520 | €12,566 | ▲ 32.0% |
| Recurring financial charges65 | €5,155 | €8,395 | €9,520 | €12,566 | ▲ 32.0% |
| Profit (loss) for the period before taxes9903 | -€14,174 | -€13,013 | €23,143 | €27,226 | ▲ 17.6% |
| Income taxes67/77 | - | - | €907 | €6,694 | ▲ 638% |
| Profit (loss) for the period9904 | -€14,174 | -€13,013 | €22,236 | €20,532 | ▼ 7.7% |
| Profit (loss) for the period to be appropriated9905 | -€14,174 | -€13,013 | €22,236 | €20,532 | ▼ 7.7% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €180,672 | €157,539 | €166,084 | €126,887 | ▼ 23.6% |
| Fixed assets21/28 | €136,491 | €107,661 | €86,144 | €64,627 | ▼ 25.0% |
| Tangible fixed assets22/27 | €136,356 | €104,926 | €83,409 | €61,892 | ▼ 25.8% |
| Furniture and vehicles24 | - | - | €5,788 | €2,843 | ▼ 50.9% |
| Leasing and similar rights25 | - | - | €77,621 | €59,050 | ▼ 23.9% |
| Financial fixed assets28 | €135 | €2,735 | €2,735 | €2,735 | = |
| Current assets29/58 | €44,181 | €49,877 | €79,939 | €62,259 | ▼ 22.1% |
| Amounts receivable within one year40/41 | €31,754 | €37,862 | €67,234 | €40,669 | ▼ 39.5% |
| Trade receivables40 | - | - | €49,055 | €24,240 | ▼ 50.6% |
| Other amounts receivable41 | - | - | €18,180 | €16,429 | ▼ 9.6% |
| Cash at bank and in hand54/58 | €10,118 | €9,351 | €11,615 | €18,817 | ▲ 62.0% |
| Deferred charges and accrued income490/1 | - | - | €1,090 | €2,773 | ▲ 154% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €180,672 | €157,539 | €166,084 | €126,887 | ▼ 23.6% |
| Equity10/15 | -€7,974 | -€20,987 | €1,249 | €21,781 | ▲ 17× |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€14,174 | -€27,187 | -€4,951 | €15,581 | - |
| Amounts payable17/49 | €188,645 | €178,526 | €164,834 | €105,105 | ▼ 36.2% |
| Amounts payable after more than one year17 | €92,338 | €95,356 | €72,974 | €49,716 | ▼ 31.9% |
| Financial debts170/4 | - | - | €72,974 | €49,716 | ▼ 31.9% |
| Amounts payable within one year42/48 | €96,307 | €83,170 | €91,860 | €55,390 | ▼ 39.7% |
| Current portion of amounts payable after more than one year42 | - | - | €19,170 | €19,951 | ▲ 4.1% |
| Financial debts43 | - | - | €10,638 | €13,260 | ▲ 24.6% |
| Credit institutions430/8 | - | - | €10,638 | €13,260 | ▲ 24.6% |
| Trade debts44 | €50,751 | €42,039 | €55,070 | €15,064 | ▼ 72.6% |
| Suppliers440/4 | - | - | €55,070 | €15,064 | ▼ 72.6% |
| Taxes, remuneration and social security45 | - | - | €680 | €7,115 | ▲ 946% |
| Taxes450/3 | - | - | €680 | €7,115 | ▲ 946% |
| Other amounts payable47/48 | - | - | €6,302 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,174 | -€13,013 | €22,236 | €20,532 | ▼ 7.7% |
| + Depreciation and write-downs630 | €20,872 | €21,517 | €21,517 | €21,517 | = |
| Operating cash flow (approximation) | €6,698 | €8,504 | €43,753 | €42,049 | ▼ 3.9% |
| Investment in fixed assets (approximation) | - | €7,313 | €0 | €0 | - |
| Change in cash | - | -€768 | €2,264 | €7,203 | ▲ 218% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.