MAY22
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 22 days after the deadline Filed on 22 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00340655.
Annual accounts 2022 filed on 22-08-2023 PDF
Turnover
≈ €230,000
Estimated: probably between €120,000 and €500,000
Total assets
€241,417
Net result
-€6,132
Working capital
-€84,024
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
Assets €241,417
Fixed assets
€79,892
Current assets
€161,525
Equity and liabilities
Equity-€4,132
Debt€245,549
Equity is negative. Debt (€245,549) exceeds the balance-sheet total (€241,417).
Key figures and ratios
EBITDA
-€8,066
Cash flow
-€5,979
Solvency
-1.7%
Current ratio
0.66
ROA
-2.5%
Interest coverage
-11.14
Debt
€245,549
Debt ≤ 1 year
€245,549
Income taxes
€427
Staff costs
€28,885
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Staff
| Item | 31-12-2022 |
|---|---|
| Employees at the balance-sheet date | 3 |
| full-time | 3 |
| in full-time equivalents | 3 |
| Average over the year, in full-time equivalents | 3.8 |
| On a permanent contract | 3 |
| Joined | 0 |
| Left | 2 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 2022 |
|---|---|
| Tangible fixed assets | €78,745 |
| Financial fixed assets | €1,300 |
| Depreciation and write-downs of the year | €153 |
Source: notes to the 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 |
|---|---|
| Remuneration, social security and pensions62 | €28,885 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €153 |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €70,000 |
| Other operating charges640/8 | €695 |
| Gross operating margin9900 | €91,513 |
| Operating profit (loss)9901 | -€8,219 |
| Financial income75/76B | €3,239 |
| Recurring financial income75 | €3,239 |
| Financial charges65/66B | €724 |
| Recurring financial charges65 | €724 |
| Profit (loss) for the period before taxes9903 | -€5,704 |
| Income taxes67/77 | €427 |
| Profit (loss) for the period9904 | -€6,132 |
| Profit (loss) for the period to be appropriated9905 | -€6,132 |
| Line | 2022 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €241,417 | |
| Fixed assets21/28 | €79,892 | |
| Tangible fixed assets22/27 | €78,592 | |
| Plant, machinery and equipment23 | €3,592 | |
| Furniture and vehicles24 | €75,000 | |
| Financial fixed assets28 | €1,300 | |
| Current assets29/58 | €161,525 | |
| Amounts receivable within one year40/41 | €158,754 | |
| Trade receivables40 | €9,544 | |
| Other amounts receivable41 | €149,210 | |
| Cash at bank and in hand54/58 | €2,771 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €241,417 | |
| Equity10/15 | -€4,132 | |
| Contributions10/11 | €2,000 | |
| Profit (loss) carried forward14 | -€6,132 | |
| Amounts payable17/49 | €245,549 | |
| Amounts payable within one year42/48 | €245,549 | |
| Trade debts44 | €66,612 | |
| Suppliers440/4 | €66,612 | |
| Advances received on contracts in progress46 | €169,935 | |
| Taxes, remuneration and social security45 | €9,001 | |
| Taxes450/3 | €547 | |
| Remuneration and social security454/9 | €8,454 | |
| Line | 2022 |
|---|---|
| Profit (loss) for the period9904 | -€6,132 |
| + Depreciation and write-downs630 | €153 |
| Operating cash flow (approximation) | -€5,979 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 22-08-2023 | 2023-00340655 |