MAROZO
InactiveFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 24-04-2024 PDF all 31 filings
Turnover
≈ €170,000
Estimated: probably between €70,000 and €420,000
Total assets
€1.8m▲ 6.1%
2022 · €1.7m
Net result
€10,886▼ 65.5%
2022 · €31,574
Working capital
€281,512▲ 12.5%
2022 · €250,133
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€16,907
▼ 71.2%
2023
20182023
Net result
€10,886
▼ 65.5%
2023
20182023
Equity
€685,102
▲ 1.6%
2023
20182023
Total assets
€1.8m
▲ 6.1%
2023
20182023
Debt
€1.0m
▲ 10.2%
2023
20182023
Working capital
€281,512
▲ 12.5%
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.05m-€0.04m▼ 16.6%€0.5m▲ 12×€0.02m▼ 96.3%€0.06m▲ 222%€0.02m▼ 71.2%
Net result€0.04m-€0.03m▼ 24.6%€0.4m▲ 12×€0.004m▼ 98.8%€0.03m▲ 628%€0.01m▼ 65.5%
Equity€0.2m-€0.3m▲ 11.9%€0.6m▲ 130%€0.6m▲ 0.7%€0.7m▲ 4.9%€0.7m▲ 1.6%
Total assets€0.3m-€0.3m▲ 17.4%€1.4m▲ 358%€1.3m▼ 2.4%€1.7m▲ 29.1%€1.8m▲ 6.1%
Debt€0.006m-€0.02m▲ 264%€0.6m▲ 30×€0.6m▼ 5.8%€0.9m▲ 63.4%€1.0m▲ 10.2%
Working capital€0.1m-€0.2m▲ 27.7%€0.4m▲ 136%€0.3m▼ 31.0%€0.3m▼ 11.3%€0.3m▲ 12.5%
The operating result for 2023 is 71% lower than in 2022 and the lowest since 2019.
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
2023 in colour, 2022 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.5m ▲ 6.6%
Current assets
€368,348 ▲ 4.0%
Equity and liabilities €1.8m
Equity
€685,102 ▲ 1.6%
Provisions
€113,852 ▼ 1.2%
Debt
€1.0m ▲ 10.2%
Debt's share of the balance-sheet total rises from 54.0% to 56.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,036▼
2022 · €78,121
Cash flow
€18,015▼
2022 · €50,892
Current ratio
4.24▲
2022 · 3.40
Debt to equity
1.49▲
2022 · 1.38
ROE
1.6%▼
2022 · 4.7%
ROA
0.6%▼
2022 · 1.8%
Interest coverage
9.44▲
2022 · 4.53
Debt ≤ 1 year
€86,836▼
2022 · €104,158
Debt > 1 year
€929,879▲
2022 · €822,842
Income taxes
€5,053▼
2022 · €14,787
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 19-12-2023 |
|---|---|---|---|
| Debts secured on the company's own assets | €560,057 | €779,431 | €766,248 |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | €1.5m | €1.5m | €1.5m |
| Carrying value of the mortgaged assets | €970,084 | €1.4m | €1.5m |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 19-12-2023 |
|---|---|---|---|
| Tangible fixed assets | €60,501 | €411,550 | €97,270 |
| Depreciation and write-downs of the year | €12,262 | €19,319 | €7,128 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,135 | €8,075 | €100,587 | €12,262 | €19,319 | €7,128 | ▼ 63.1% |
| Other operating charges640/8 | - | - | - | €3,041 | €1,551 | €640 | ▼ 58.7% |
| Gross operating margin9900 | €60,935 | €52,616 | €592,148 | €33,561 | €79,673 | €24,676 | ▼ 69.0% |
| Operating profit (loss)9901 | €49,926 | €41,619 | €487,289 | €18,257 | €58,803 | €16,907 | ▼ 71.2% |
| Financial income75/76B | - | - | - | €217 | €551 | €148 | ▼ 73.2% |
| Recurring financial income75 | €869 | €1,920 | €1,737 | €217 | €551 | €148 | ▼ 73.2% |
| Financial charges65/66B | - | - | - | €14,712 | €17,250 | €2,545 | ▼ 85.2% |
| Recurring financial charges65 | €314 | €457 | €5,801 | €14,712 | €17,250 | €2,545 | ▼ 85.2% |
| Profit (loss) for the period before taxes9903 | €50,481 | €43,082 | €483,225 | €3,762 | €42,104 | €14,509 | ▼ 65.5% |
| Transfer from deferred taxes780 | - | - | - | €2,782 | €4,257 | €1,430 | ▼ 66.4% |
| Transfer to deferred taxes680 | - | - | - | €0 | - | - | - |
| Income taxes67/77 | €11,329 | €13,568 | €142 | €2,208 | €14,787 | €5,053 | ▼ 65.8% |
| Profit (loss) for the period9904 | €39,152 | €29,514 | €360,762 | €4,336 | €31,574 | €10,886 | ▼ 65.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €8,346 | €12,772 | €4,289 | ▼ 66.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €39,152 | €29,514 | -€6,201 | €12,682 | €44,345 | €15,175 | ▼ 65.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.3m | €0.3m | €1.4m | €1.3m | €1.7m | €1.8m | ▲ 6.1% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.9m | €1.0m | €1.4m | €1.5m | ▲ 6.6% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.9m | €1.0m | €1.4m | €1.5m | ▲ 6.6% |
| Land and buildings22 | - | - | - | €1.0m | €1.4m | €1.5m | ▲ 6.6% |
| Current assets29/58 | €0.1m | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 4.0% |
| Amounts receivable within one year40/41 | €0.006m | €0.1m | €0.4m | €0.02m | €0.01m | €0.04m | ▲ 262% |
| Trade receivables40 | - | - | - | €0.007m | €0 | €0.03m | - |
| Other amounts receivable41 | - | - | - | €0.02m | €0.01m | €0.01m | ▼ 9.8% |
| Current investments50/53 | €0.01m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.05m | €0.08m | €0.3m | €0.3m | €0.3m | ▼ 4.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | ▲ 0.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €1.4m | €1.3m | €1.7m | €1.8m | ▲ 6.1% |
| Equity10/15 | €0.2m | €0.3m | €0.6m | €0.6m | €0.7m | €0.7m | ▲ 1.6% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | - | €318 | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 1.2% |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.003m | €0.003m | = |
| Legal reserve130 | - | - | - | €0.001m | €0.003m | €0.003m | = |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.3m | €0.3m | ▼ 1.2% |
| Profit (loss) carried forward14 | -€0.02m | €0.006m | -€154 | €0.01m | €0.05m | €0.07m | ▲ 28.1% |
| Provisions and deferred taxes16 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 1.2% |
| Deferred taxes168 | - | - | - | €0.1m | €0.1m | €0.1m | ▼ 1.2% |
| Amounts payable17/49 | €0.006m | €0.02m | €0.6m | €0.6m | €0.9m | €1.0m | ▲ 10.2% |
| Amounts payable after more than one year17 | - | - | €0.6m | €0.5m | €0.8m | €0.9m | ▲ 13.0% |
| Financial debts170/4 | - | - | - | €0.5m | €0.8m | €0.9m | ▲ 13.0% |
| Amounts payable within one year42/48 | €0.006m | €0.02m | €0.03m | €0.08m | €0.1m | €0.09m | ▼ 16.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.08m | €0.06m | ▼ 25.1% |
| Trade debts44 | €194 | €0.001m | €135 | €0.001m | €0.01m | €0.02m | ▲ 80.8% |
| Suppliers440/4 | - | - | - | €0.001m | €0.01m | €0.02m | ▲ 80.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.02m | €0.01m | ▼ 37.7% |
| Taxes450/3 | - | - | - | €0.006m | €0.02m | €0.01m | ▼ 37.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €109 | €0.005m | ▲ 47× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,152 | €29,514 | €360,762 | €4,336 | €31,574 | €10,886 | ▼ 65.5% |
| + Depreciation and write-downs630 | €8,135 | €8,075 | €100,587 | €12,262 | €19,319 | €7,128 | ▼ 63.1% |
| Operating cash flow (approximation) | €47,287 | €37,589 | €461,348 | €16,598 | €50,892 | €18,015 | ▼ 64.6% |
| Investment in fixed assets (approximation) | - | €0 | -€918,216 | -€60,501 | -€411,550 | -€97,270 | ▲ 76.4% |
| Change in cash | - | -€77,384 | €36,296 | €253,815 | €6,638 | -€15,444 | - |
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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 19-12-2023 | abbreviated format | 24-04-2024 | 2024-00069466 | |
| 31-12-2022 | abbreviated format | 26-06-2023 | 2023-00157364 | |
| 31-12-2021 | abbreviated format | 23-06-2022 | 2022-20085566 | |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-25300084 | |
| 31-12-2019 | abbreviated format | 16-06-2020 | 2020-17400380 | |
| 31-12-2018 | abbreviated format | 21-06-2019 | 2019-20900313 | |
| 31-12-2017 | abbreviated format | 27-07-2018 | 2018-39700410 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-46100453 | |
| 31-12-2015 | abbreviated format | 16-03-2016 | 2016-06400188 | |
| 31-12-2014 | abbreviated format | 03-08-2015 | 2015-39700357 |