MASTER DRINKS
InactiveFinancials · financial year 2023, micro format
2023 annual accounts filed 41 days after the deadline Filed on 10 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00460612.
Annual accounts 2023 filed on 10-09-2024 PDF all 2 filings
Turnover
≈ €230,000
Estimated: probably between €150,000 and €390,000
Total assets
€399,094▲ 119%
2022 · €182,353
Net result
€36,388▲ 27.1%
2022 · €28,621
Working capital
€94,915▲ 109%
2022 · €45,492
Trend over the years
2022 to 2023, 2 financial years
The operating result for 2023 is 38% higher than in 2022.
Operating result€49,761
2023
Net result€36,388
2023
Total assets€399,094
2023
Equity€85,009
2023
Debt€314,085
2023
Working capital€94,915
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
Line20222023
Operating result€35,976-€49,761▲ 38.3%
Net result€28,621-€36,388▲ 27.1%
Equity€48,621-€85,009▲ 74.8%
Total assets€182,353-€399,094▲ 119%
Debt€133,732-€314,085▲ 135%
Working capital€45,492-€94,915▲ 109%
Turnover and EBIT margin are not published. The micro 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 €399,094
Fixed assets
€2,094 ▼ 33.1%
Current assets
€397,000 ▲ 122%
Equity and liabilities €399,094
Equity
€85,009 ▲ 74.8%
Debt
€314,085 ▲ 135%
Debt's share of the balance-sheet total rises from 73.3% to 78.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,961▲
2022 · €37,448
Cash flow
€37,588▲
2022 · €30,092
Current ratio
1.31▼
2022 · 1.34
Quick ratio
0.52▼
2022 · 0.69
Debt to equity
3.69▲
2022 · 2.75
ROE
42.8%▼
2022 · 58.9%
ROA
9.1%▼
2022 · 15.7%
Interest coverage
11.61▼
2022 · 85.03
Debt ≤ 1 year
€302,085▲
2022 · €133,732
Income taxes
€9,097▲
2022 · €6,930
Staff costs
€23,974▲
2022 · €278
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Tangible fixed assets | €3,600 | - |
| Financial fixed assets | - | €165 |
| Depreciation and write-downs of the year | €1,472 | €1,200 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €278 | €23,974 | ▲ 86× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,472 | €1,200 | ▼ 18.5% |
| Other operating charges640/8 | - | €226 | - |
| Gross operating margin9900 | €37,726 | €75,161 | ▲ 99.2% |
| Operating profit (loss)9901 | €35,976 | €49,761 | ▲ 38.3% |
| Financial income75/76B | €15 | €113 | ▲ 646% |
| Recurring financial income75 | €15 | €113 | ▲ 646% |
| Financial charges65/66B | €440 | €4,389 | ▲ 897% |
| Recurring financial charges65 | €440 | €4,389 | ▲ 897% |
| Profit (loss) for the period before taxes9903 | €35,551 | €45,485 | ▲ 27.9% |
| Income taxes67/77 | €6,930 | €9,097 | ▲ 31.3% |
| Profit (loss) for the period9904 | €28,621 | €36,388 | ▲ 27.1% |
| Profit (loss) for the period to be appropriated9905 | €28,621 | €36,388 | ▲ 27.1% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €182,353 | €399,094 | ▲ 119% |
| Fixed assets21/28 | €3,129 | €2,094 | ▼ 33.1% |
| Tangible fixed assets22/27 | €3,129 | €1,929 | ▼ 38.3% |
| Furniture and vehicles24 | €3,129 | €1,929 | ▼ 38.3% |
| Financial fixed assets28 | - | €165 | - |
| Current assets29/58 | €179,223 | €397,000 | ▲ 122% |
| Stocks and contracts in progress3 | €86,603 | €239,965 | ▲ 177% |
| Stocks30/36 | €86,603 | €239,965 | ▲ 177% |
| Amounts receivable within one year40/41 | €26,563 | €68,724 | ▲ 159% |
| Trade receivables40 | €18,877 | €61,205 | ▲ 224% |
| Other amounts receivable41 | €7,686 | €7,519 | ▼ 2.2% |
| Cash at bank and in hand54/58 | €66,058 | €88,312 | ▲ 33.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €182,353 | €399,094 | ▲ 119% |
| Equity10/15 | €48,621 | €85,009 | ▲ 74.8% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | - |
| Issued capital100 | - | €20,000 | - |
| Reserves13 | - | €2,000 | - |
| Non-distributable reserves130/1 | - | €2,000 | - |
| Legal reserve130 | - | €2,000 | - |
| Profit (loss) carried forward14 | €28,621 | €63,009 | ▲ 120% |
| Amounts payable17/49 | €133,732 | €314,085 | ▲ 135% |
| Amounts payable within one year42/48 | €133,732 | €302,085 | ▲ 126% |
| Trade debts44 | €30,534 | €155,456 | ▲ 409% |
| Suppliers440/4 | €30,534 | €155,456 | ▲ 409% |
| Taxes, remuneration and social security45 | €6,930 | €28,686 | ▲ 314% |
| Taxes450/3 | €6,930 | €18,898 | ▲ 173% |
| Remuneration and social security454/9 | - | €9,788 | - |
| Other amounts payable47/48 | €96,267 | €117,943 | ▲ 22.5% |
| Accrued charges and deferred income492/3 | - | €12,000 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €28,621 | €36,388 | ▲ 27.1% |
| + Depreciation and write-downs630 | €1,472 | €1,200 | ▼ 18.5% |
| Operating cash flow (approximation) | €30,092 | €37,588 | ▲ 24.9% |
| Investment in fixed assets (approximation) | - | -€165 | - |
| Change in cash | - | €22,254 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.