M-Tech Services
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 24-05-2024 PDF all 11 filings
Equity
-€6,104
2022 · €35,000
Total assets
€17,418▼ 70.1%
2022 · €58,226
Net result
-€41,104
2022 · €28,426
Working capital
-€6,454
2022 · €27,775
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a loss of €41,104, after a profit of €38,691 in 2022. It is the lowest result since 2019.
Operating result-€41,104
2023
Net result-€41,104
2023
Total assets€17,418
2023
Equity-€6,104
2023
Debt€23,523
2023
Working capital-€6,454
2023
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.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€2,174-€3,784▲ 74.1%€7,309▲ 93.2%€26,144▲ 258%€38,691▲ 48.0%-€41,104
Net result€2,174-€3,784▲ 74.1%€7,022▲ 85.6%€24,275▲ 246%€28,426▲ 17.1%-€41,104
Equity€6,587-€10,371▲ 57.4%€17,393▲ 67.7%€41,668▲ 140%€35,000▼ 16.0%-€6,104
Total assets€7,453-€13,470▲ 80.7%€23,993▲ 78.1%€54,551▲ 127%€58,226▲ 6.7%€17,418▼ 70.1%
Debt€866-€3,099▲ 258%€6,601▲ 113%€12,883▲ 95.2%€23,226▲ 80.3%€23,523▲ 1.3%
Working capital€6,587-€6,683▲ 1.5%€5,591▼ 16.3%€30,558▲ 447%€27,775▼ 9.1%-€6,454
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €17,418
Fixed assets
€350 ▼ 95.2%
Current assets
€17,069 ▼ 66.5%
Equity and liabilities
Equity-€6,104
Debt€23,523
Equity is negative. Debt (€23,523) exceeds the balance-sheet total (€17,418).
Key figures and ratios
EBITDA
-€36,522▼
2022 · €43,273
Cash flow
-€36,522▼
2022 · €33,009
Solvency
-35.0%▼
2022 · 60.1%
Current ratio
0.73▼
2022 · 2.20
ROA
-236.0%▼
2022 · 48.8%
Debt ≤ 1 year
€23,523▲
2022 · €23,226
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €3,293 | - | - |
| Depreciation and write-downs of the year | €3,287 | €4,582 | €4,582 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €5,722 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,816 | €4,300 | €3,287 | €4,582 | €4,582 | = |
| Other operating charges640/8 | - | - | - | €6,680 | €2,054 | - | - |
| Non-recurring operating charges66A | - | - | - | - | - | €2,293 | - |
| Gross operating margin9900 | €2,174 | €5,600 | €12,164 | €36,111 | €51,049 | -€34,229 | - |
| Operating profit (loss)9901 | €2,174 | €3,784 | €7,309 | €26,144 | €38,691 | -€41,104 | - |
| Financial income75/76B | - | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €269 | €789 | - | - |
| Recurring financial charges65 | - | - | €288 | €269 | €789 | - | - |
| Profit (loss) for the period before taxes9903 | €2,174 | €3,784 | €7,022 | €25,875 | €37,902 | -€41,104 | - |
| Income taxes67/77 | - | - | - | €1,600 | €9,475 | - | - |
| Profit (loss) for the period9904 | €2,174 | €3,784 | €7,022 | €24,275 | €28,426 | -€41,104 | - |
| Profit (loss) for the period to be appropriated9905 | €2,174 | €3,784 | €7,022 | €24,275 | €28,426 | -€41,104 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €7,453 | €13,470 | €23,993 | €54,551 | €58,226 | €17,418 | ▼ 70.1% |
| Fixed assets21/28 | - | €3,688 | €11,802 | €11,808 | €7,225 | €350 | ▼ 95.2% |
| Tangible fixed assets22/27 | - | €3,688 | €11,802 | €11,808 | €7,225 | €350 | ▼ 95.2% |
| Plant, machinery and equipment23 | - | - | - | €3,751 | €1,902 | €53 | ▼ 97.2% |
| Furniture and vehicles24 | - | - | - | €8,057 | €5,324 | €297 | ▼ 94.4% |
| Current assets29/58 | €7,453 | €9,782 | €12,192 | €42,743 | €51,000 | €17,069 | ▼ 66.5% |
| Amounts receivable within one year40/41 | €5,703 | - | €10,189 | €38,631 | €44,856 | €17,069 | ▼ 61.9% |
| Trade receivables40 | - | - | - | €0 | €17,069 | €17,069 | = |
| Other amounts receivable41 | - | - | - | €38,631 | €27,788 | - | - |
| Cash at bank and in hand54/58 | €1,750 | €9,782 | €2,003 | - | €6,144 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €4,112 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €7,453 | €13,470 | €23,993 | €54,551 | €58,226 | €17,418 | ▼ 70.1% |
| Equity10/15 | €6,587 | €10,371 | €17,393 | €41,668 | €35,000 | -€6,104 | - |
| Contributions10/11 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Capital10 | - | - | - | €35,000 | €35,000 | €35,000 | = |
| Issued capital100 | - | - | - | €35,000 | €35,000 | €35,000 | = |
| Profit (loss) carried forward14 | -€28,413 | -€24,629 | -€17,607 | €6,668 | - | -€41,104 | - |
| Amounts payable17/49 | €866 | €3,099 | €6,601 | €12,883 | €23,226 | €23,523 | ▲ 1.3% |
| Amounts payable within one year42/48 | €866 | €3,099 | €6,601 | €12,185 | €23,226 | €23,523 | ▲ 1.3% |
| Trade debts44 | €866 | €1,243 | €6,601 | €0 | €3,084 | €940 | ▼ 69.5% |
| Suppliers440/4 | - | - | - | €0 | €3,084 | €940 | ▼ 69.5% |
| Taxes, remuneration and social security45 | - | - | - | €7,835 | €20,142 | €15,167 | ▼ 24.7% |
| Taxes450/3 | - | - | - | €3,287 | €20,142 | €15,167 | ▼ 24.7% |
| Remuneration and social security454/9 | - | - | - | €4,548 | - | - | - |
| Other amounts payable47/48 | - | - | - | €4,350 | - | €7,415 | - |
| Accrued charges and deferred income492/3 | - | - | - | €698 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,174 | €3,784 | €7,022 | €24,275 | €28,426 | -€41,104 | - |
| + Depreciation and write-downs630 | - | €1,816 | €4,300 | €3,287 | €4,582 | €4,582 | = |
| Operating cash flow (approximation) | €2,174 | €5,600 | €11,322 | €27,562 | €33,009 | -€36,522 | - |
| Investment in fixed assets (approximation) | - | - | -€12,414 | -€3,293 | €0 | €2,293 | - |
| Change in cash | - | €8,032 | -€7,779 | - | - | -€6,144 | - |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 24-05-2024 | 2024-00097295 | |
| 31-12-2022 | micro format | 24-05-2024 | 2024-00097294 | |
| 31-12-2021 | micro format | 06-03-2023 | 2023-00036565 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61300226 | |
| 31-12-2019 | micro format | 08-02-2021 | 2021-05000069 | |
| 31-12-2018 | micro format | 18-09-2019 | 2019-65300065 | |
| 31-12-2017 | micro format | 27-05-2019 | 2019-14600488 | |
| 31-12-2016 | micro format | 11-07-2017 | 2017-30100411 | |
| 31-12-2015 | abbreviated format | 01-07-2016 | 2016-25800294 | |
| 31-12-2014 | abbreviated format | 09-06-2015 | 2015-16100243 |