MASTER SOLUTIONS
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 30 days after the deadline Filed on 30 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00445557.
Annual accounts 2023 filed on 30-08-2024 PDF all 2 filings
Turnover
€524,267
EBIT margin
8.8%
Net result
€45,671▲ 90.9%
2022 · €23,924
Working capital
€69,597▲ 191%
2022 · €23,925
Multi-year overview
2022 to 2023, 2 financial yearsTurnover
€524,267
2023
20222023
Operating result
€45,920
▲ 91.9%
2023
20222023
Net result
€45,671
▲ 90.9%
2023
highest quarter of the sector
20222023
EBIT margin
8.8%
2023
20222023
Equity
€69,597
▲ 191%
2023
middle half of the sector
20222023
Total assets
€206,598
▲ 282%
2023
middle half of the sector
20222023
Debt
€137,001
▲ 354%
2023
20222023
Working capital
€69,597
▲ 191%
2023
middle half of the sector
20222023
Solvency
33.7%
▼ 10.6pp
2023
middle half of the sector
20222023
Current ratio
1.51
▼ 0.29
2023
middle half of the sector
20222023
Return on assets (ROA)
22.1%
▼ 22.1pp
2023
middle half of the sector
20222023
Staff (FTE)
1
2023
20222023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20222023
Turnover€524,267
Operating result€23,924-€45,920▲ 91.9%
Net result€23,924within the sector's middle half-€45,671above the sector's middle half▲ 90.9%
EBIT margin8.8%
Equity€23,925below the sector's middle half-€69,597within the sector's middle half▲ 191%
Total assets€54,071below the sector's middle half-€206,598within the sector's middle half▲ 282%
Debt€30,146-€137,001▲ 354%
Working capital€23,925below the sector's middle half-€69,597within the sector's middle half▲ 191%
Solvency44.2%within the sector's middle half-33.7%within the sector's middle half▼ 10.6pp
Current ratio1.79within the sector's middle half-1.51within the sector's middle half▼ 0.29
Return on assets (ROA)44.2%above the sector's middle half-22.1%within the sector's middle half▼ 22.1pp
Staff (FTE)1
above
within
below
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). 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 2023 is 92% higher than in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €206,598
Equity
€69,597 ▲ 191%
Debt
€137,001 ▲ 354%
Debt's share of the balance-sheet total rises from 55.8% to 66.3%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.97▲
2022 · 1.26
ROE
65.6%▼
2022 · 100.0%
Debt ≤ 1 year
€137,001▲
2022 · €30,146
Customer credit
141 days
Supplier credit
95 days▼
2022 · 408 days
Staff costs
€11,614
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2023 annual accounts
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Turnover70 | - | €524,267 | - |
| Goods, raw materials, services and sundry goods60/61 | €26,984 | €466,596 | ▲ 17× |
| Remuneration, social security and pensions62 | - | €11,614 | - |
| Other operating charges640/8 | €350 | €137 | ▼ 60.8% |
| Gross operating margin9900 | €24,274 | €57,671 | ▲ 138% |
| Operating profit (loss)9901 | €23,924 | €45,920 | ▲ 91.9% |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Financial charges65/66B | - | €251 | - |
| Recurring financial charges65 | - | €251 | - |
| Profit (loss) for the period before taxes9903 | €23,924 | €45,671 | ▲ 90.9% |
| Profit (loss) for the period9904 | €23,924 | €45,671 | ▲ 90.9% |
| Profit (loss) for the period to be appropriated9905 | €23,924 | €45,671 | ▲ 90.9% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €54,071 | €206,598 | ▲ 282% |
| Current assets29/58 | €54,071 | €206,598 | ▲ 282% |
| Amounts receivable within one year40/41 | €54,070 | €205,975 | ▲ 281% |
| Trade receivables40 | €52,588 | €202,472 | ▲ 285% |
| Other amounts receivable41 | €1,482 | €3,504 | ▲ 136% |
| Cash at bank and in hand54/58 | €1 | €623 | ▲ 623× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €54,071 | €206,598 | ▲ 282% |
| Equity10/15 | €23,925 | €69,597 | ▲ 191% |
| Contributions10/11 | €1 | €1 | = |
| Profit (loss) carried forward14 | €23,924 | €69,596 | ▲ 191% |
| Amounts payable17/49 | €30,146 | €137,001 | ▲ 354% |
| Amounts payable within one year42/48 | €30,146 | €137,001 | ▲ 354% |
| Trade debts44 | €30,146 | €120,833 | ▲ 301% |
| Suppliers440/4 | €30,146 | €120,833 | ▲ 301% |
| Taxes, remuneration and social security45 | - | €16,168 | - |
| Taxes450/3 | - | €15,766 | - |
| Remuneration and social security454/9 | - | €402 | - |