MAGOO
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 60 days after the deadline Filed on 29 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00471168.
Annual accounts 2022 filed on 29-09-2023 PDF all 12 filings
Turnover
≈ €97,000
Estimated: probably between €47,000 and €190,000
EBIT margin
Not included in this filing
Net result
€3,320
2021 · -€5,223
Working capital
€45,676▲ 10.1%
2021 · €41,486
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€17,013
▲ 1,003×
2022
20182022
Net result
€3,320
2022
middle half of the sector
20182022
Equity
€51,930
▲ 6.8%
2022
middle half of the sector
20182022
Total assets
€118,729
▲ 23.5%
2022
middle half of the sector
20182022
Debt
€66,799
▲ 40.6%
2022
20182022
Working capital
€45,676
▲ 10.1%
2022
middle half of the sector
20182022
Solvency
43.7%
▼ 6.8pp
2022
middle half of the sector
20182022
Current ratio
1.68
▼ 0.19
2022
middle half of the sector
20182022
Return on assets (ROA)
2.8%
▲ 8.2pp
2022
middle half of the sector
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€33,468--€2,936€30,771€17▼ 99.9%€17,013▲ 1,003×
Net result€20,954--€10,408€14,749within the sector's middle half-€5,223below the sector's middle half€3,320within the sector's middle half
Equity€49,492-€39,084▼ 21.0%€53,833below the sector's middle half▲ 37.7%€48,610within the sector's middle half▼ 9.7%€51,930within the sector's middle half▲ 6.8%
Total assets€84,737-€85,848▲ 1.3%€81,875below the sector's middle half▼ 4.6%€96,117within the sector's middle half▲ 17.4%€118,729within the sector's middle half▲ 23.5%
Debt€35,245-€46,764▲ 32.7%€28,042▼ 40.0%€47,507▲ 69.4%€66,799▲ 40.6%
Working capital€30,459-€23,224▼ 23.8%€44,375within the sector's middle half▲ 91.1%€41,486within the sector's middle half▼ 6.5%€45,676within the sector's middle half▲ 10.1%
Solvency58.4%-45.5%▼ 12.9pp65.8%within the sector's middle half▲ 20.2pp50.6%within the sector's middle half▼ 15.2pp43.7%within the sector's middle half▼ 6.8pp
Current ratio1.86-1.50▼ 0.362.58within the sector's middle half▲ 1.081.87within the sector's middle half▼ 0.711.68within the sector's middle half▼ 0.19
Return on assets (ROA)24.7%--12.1%▼ 36.9pp18.0%above the sector's middle half▲ 30.1pp-5.4%below the sector's middle half▼ 23.4pp2.8%within the sector's middle half▲ 8.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 operating result for 2022 is 1,003 times that of 2021. It is a recovery after the fall in 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €118,729
Fixed assets
€6,254 ▼ 12.2%
Current assets
€112,475 ▲ 26.4%
Equity and liabilities €118,729
Equity
€51,930 ▲ 6.8%
Debt
€66,799 ▲ 40.6%
Debt's share of the balance-sheet total rises from 49.4% to 56.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,384▲
2021 · €3,506
Cash flow
€6,690▲
2021 · -€1,733
Debt to equity
1.29▲
2021 · 0.98
ROE
6.4%▲
2021 · -10.7%
Interest coverage
1.84▲
2021 · 0.96
Debt ≤ 1 year
€66,799▲
2021 · €47,507
Income taxes
€4,579▲
2021 · €1,626
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €1,155 | - |
| Financial fixed assets | - | €2,500 |
| Depreciation and write-downs of the year | €3,489 | €3,370 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,453 | €8,775 | €3,539 | €3,489 | €3,370 | ▼ 3.4% |
| Other operating charges640/8 | - | - | - | €975 | €397 | ▼ 59.3% |
| Gross operating margin9900 | €42,305 | €9,175 | €35,518 | €4,482 | €20,780 | ▲ 364% |
| Operating profit (loss)9901 | €33,468 | -€2,936 | €30,771 | €17 | €17,013 | ▲ 1,003× |
| Financial income75/76B | - | - | - | €40 | €1,960 | ▲ 49× |
| Recurring financial income75 | - | - | - | €40 | €1,960 | ▲ 49× |
| Financial charges65/66B | - | - | - | €3,654 | €11,075 | ▲ 203% |
| Recurring financial charges65 | €2,666 | €5,644 | €2,773 | €3,654 | €11,075 | ▲ 203% |
| Profit (loss) for the period before taxes9903 | €30,802 | -€8,580 | €21,798 | -€3,597 | €7,898 | - |
| Income taxes67/77 | €9,848 | €1,828 | €7,049 | €1,626 | €4,579 | ▲ 182% |
| Profit (loss) for the period9904 | €20,954 | -€10,408 | €14,749 | -€5,223 | €3,320 | - |
| Profit (loss) for the period to be appropriated9905 | €20,954 | -€10,408 | €14,749 | -€5,223 | €3,320 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84,737 | €85,848 | €81,875 | €96,117 | €118,729 | ▲ 23.5% |
| Fixed assets21/28 | €19,033 | €16,207 | €9,458 | €7,124 | €6,254 | ▼ 12.2% |
| Tangible fixed assets22/27 | €12,833 | €10,007 | €9,458 | €7,124 | €3,754 | ▼ 47.3% |
| Plant, machinery and equipment23 | - | - | - | €982 | €597 | ▼ 39.2% |
| Furniture and vehicles24 | - | - | - | €5,163 | €2,668 | ▼ 48.3% |
| Other tangible fixed assets26 | - | - | - | €979 | €490 | ▼ 50.0% |
| Financial fixed assets28 | €6,200 | €6,200 | €0 | - | €2,500 | - |
| Current assets29/58 | €65,704 | €69,641 | €72,416 | €88,993 | €112,475 | ▲ 26.4% |
| Amounts receivable within one year40/41 | €46,362 | €48,385 | €49,159 | €47,581 | €97,637 | ▲ 105% |
| Trade receivables40 | - | - | - | €26,375 | €19,519 | ▼ 26.0% |
| Other amounts receivable41 | - | - | - | €21,207 | €78,118 | ▲ 268% |
| Current investments50/53 | - | €9,500 | €15,500 | €21,500 | - | - |
| Cash at bank and in hand54/58 | €19,291 | €10,642 | €6,908 | €19,603 | €14,838 | ▼ 24.3% |
| Deferred charges and accrued income490/1 | - | - | - | €309 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84,737 | €85,848 | €81,875 | €96,117 | €118,729 | ▲ 23.5% |
| Equity10/15 | €49,492 | €39,084 | €53,833 | €48,610 | €51,930 | ▲ 6.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €40,527 | €40,527 | €40,527 | €40,527 | €40,527 | = |
| Non-distributable reserves130/1 | - | - | - | €2,527 | €2,527 | = |
| Reserves not available under the articles1311 | - | - | - | €2,527 | €2,527 | = |
| Distributable reserves133 | - | - | - | €38,000 | €38,000 | = |
| Profit (loss) carried forward14 | €2,765 | -€7,643 | €7,106 | €1,884 | €5,203 | ▲ 176% |
| Amounts payable17/49 | €35,245 | €46,764 | €28,042 | €47,507 | €66,799 | ▲ 40.6% |
| Amounts payable within one year42/48 | €35,245 | €46,417 | €28,042 | €47,507 | €66,799 | ▲ 40.6% |
| Financial debts43 | - | - | - | €4 | €4 | = |
| Credit institutions430/8 | - | - | - | €4 | €4 | = |
| Trade debts44 | €1,519 | €18,353 | €7,196 | €16,178 | €14,615 | ▼ 9.7% |
| Suppliers440/4 | - | - | - | €16,178 | €14,615 | ▼ 9.7% |
| Taxes, remuneration and social security45 | - | - | - | €31,324 | €52,179 | ▲ 66.6% |
| Taxes450/3 | - | - | - | €31,324 | €52,179 | ▲ 66.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,954 | -€10,408 | €14,749 | -€5,223 | €3,320 | - |
| + Depreciation and write-downs630 | €7,453 | €8,775 | €3,539 | €3,489 | €3,370 | ▼ 3.4% |
| Operating cash flow (approximation) | €28,407 | -€1,633 | €18,289 | -€1,733 | €6,690 | - |
| Investment in fixed assets (approximation) | - | -€5,949 | €3,209 | -€1,155 | -€2,500 | ▼ 116% |
| Change in cash | - | -€8,649 | -€3,734 | €12,696 | -€4,765 | - |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 29-09-2023 | 2023-00471168 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20411996 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-66400352 | |
| 31-12-2019 | full format | 09-11-2020 | 2020-69500219 | |
| 31-12-2018 | full format | 12-08-2019 | 2019-45700131 | |
| 31-12-2017 | full format | 01-10-2018 | 2018-68000184 | |
| 31-12-2016 | full format | 01-10-2018 | 2018-68000166 | |
| 31-12-2015 | full format | 10-11-2016 | 2016-67700505 | |
| 31-12-2014 | full format | 20-06-2016 | 2016-21100372 | |
| 31-12-2013 | full format | 27-08-2014 | 2014-52700437 |