MECANICAR
BankruptcyFinancials · financial year 2024, micro format
Equity
€260,620▲ 9.3%
2023 · €238,496
Total assets
€289,862▲ 2.3%
2023 · €283,279
Net result
€22,123▼ 83.8%
2023 · €136,179
Working capital
€244,690▲ 5.5%
2023 · €232,022
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €28,353 after a loss of €15,476 in 2023, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€28,353
2024
Net result€22,123
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€289,862
2024
Equity€260,620
2024
Debt€29,243
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€244,690
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)7.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency89.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio10.50
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)2.9
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€20,385-€1,180▼ 94.2%-€2,571-€82,326▼ 3,102%€1,854-€15,476€28,353
Net result€14,158--€379-€4,281below the sector's middle half▼ 1,029%-€93,770below the sector's middle half▼ 2,090%€1,153within the sector's middle half€136,179above the sector's middle half▲ 11,715%€22,123within the sector's middle half▼ 83.8%
Equity€199,594-€199,215▼ 0.2%€194,934above the sector's middle half▼ 2.1%€101,165within the sector's middle half▼ 48.1%€102,317within the sector's middle half▲ 1.1%€238,496above the sector's middle half▲ 133%€260,620above the sector's middle half▲ 9.3%
Total assets€257,505-€226,597▼ 12.0%€264,325within the sector's middle half▲ 16.6%€201,505within the sector's middle half▼ 23.8%€196,787within the sector's middle half▼ 2.3%€283,279within the sector's middle half▲ 44.0%€289,862within the sector's middle half▲ 2.3%
Debt€57,911-€27,382▼ 52.7%€69,391▲ 153%€100,340▲ 44.6%€94,470▼ 5.9%€44,782▼ 52.6%€29,243▼ 34.7%
Working capital€146,847-€156,529▲ 6.6%€184,637above the sector's middle half▲ 18.0%€82,119above the sector's middle half▼ 55.5%€78,765above the sector's middle half▼ 4.1%€232,022above the sector's middle half▲ 195%€244,690above the sector's middle half▲ 5.5%
Solvency77.5%-87.9%▲ 10.4pp73.7%above the sector's middle half▼ 14.2pp50.2%within the sector's middle half▼ 23.5pp52.0%within the sector's middle half▲ 1.8pp84.2%above the sector's middle half▲ 32.2pp89.9%above the sector's middle half▲ 5.7pp
Current ratio3.91-7.27▲ 3.364.76above the sector's middle half▼ 2.521.88within the sector's middle half▼ 2.871.86within the sector's middle half▼ 0.036.62above the sector's middle half▲ 4.7610.50above the sector's middle half▲ 3.88
Return on assets (ROA)5.5%--0.2%▼ 5.7pp-1.6%below the sector's middle half▼ 1.5pp-46.5%below the sector's middle half▼ 44.9pp0.6%within the sector's middle half▲ 47.1pp48.1%above the sector's middle half▲ 47.5pp7.6%within the sector's middle half▼ 40.4pp
Staff (FTE)1.5-1.6▲ 6.7%1.6within the sector's middle half=1.6=2▲ 25.0%3▲ 50.0%2.9▼ 3.3%
above
within
below
the middle half of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €289,862
Fixed assets
€19,423 ▲ 94.9%
Current assets
€270,439 ▼ 1.1%
Equity and liabilities €289,862
Equity
€260,620 ▲ 9.3%
Debt
€29,243 ▼ 34.7%
Debt's share of the balance-sheet total falls from 15.8% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32,417▲
2023 · -€14,334
Cash flow
€26,187▼
2023 · €137,321
Quick ratio
6.71▲
2023 · 5.27
Debt to equity
0.11▼
2023 · 0.19
ROE
8.5%▼
2023 · 57.1%
Interest coverage
17.84▲
2023 · -3.26
Debt ≤ 1 year
€25,750▼
2023 · €41,289
Income taxes
€6,197▼
2023 · €13,602
Staff costs
€100,967▼
2023 · €113,736
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €47,205 | €62,313 | €113,736 | €100,967 | ▼ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,589 | €15,370 | €14,593 | €3,168 | €2,038 | €1,142 | €4,064 | ▲ 256% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €1,101 | - |
| Other operating charges640/8 | - | - | - | €54,823 | €2,834 | €1,621 | €713 | ▼ 56.0% |
| Non-recurring operating charges66A | - | - | - | €11,437 | - | - | - | - |
| Gross operating margin9900 | €87,126 | €98,080 | €79,560 | €34,307 | €69,040 | €101,023 | €135,197 | ▲ 33.8% |
| Operating profit (loss)9901 | €20,385 | €1,180 | -€2,571 | -€82,326 | €1,854 | -€15,476 | €28,353 | ▲ 283% |
| Financial income75/76B | - | - | - | €2,946 | €3,129 | €169,651 | €1,784 | ▼ 98.9% |
| Recurring financial income75 | €89 | €8 | €940 | €2,946 | €3,129 | €5,725 | €1,784 | ▼ 68.8% |
| Non-recurring financial income76B | - | - | - | - | - | €163,926 | - | - |
| Financial charges65/66B | - | - | - | €14,389 | €3,653 | €4,393 | €1,817 | ▼ 58.6% |
| Recurring financial charges65 | €2,416 | €1,566 | €2,650 | €14,389 | €3,653 | €4,393 | €1,817 | ▼ 58.6% |
| Profit (loss) for the period before taxes9903 | €18,059 | -€379 | -€4,281 | -€93,770 | €1,330 | €149,782 | €28,320 | ▼ 81.1% |
| Income taxes67/77 | €3,900 | - | - | - | €178 | €13,602 | €6,197 | ▼ 54.4% |
| Profit (loss) for the period9904 | €14,158 | -€379 | -€4,281 | -€93,770 | €1,153 | €136,179 | €22,123 | ▼ 83.8% |
| Profit (loss) for the period to be appropriated9905 | €14,158 | -€379 | -€4,281 | -€93,770 | €1,153 | €136,179 | €22,123 | ▼ 83.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €257,505 | €226,597 | €264,325 | €201,505 | €196,787 | €283,279 | €289,862 | ▲ 2.3% |
| Fixed assets21/28 | €60,221 | €45,112 | €30,520 | €26,558 | €25,931 | €9,967 | €19,423 | ▲ 94.9% |
| Intangible fixed assets21 | €264 | - | - | - | - | - | €1,612 | - |
| Tangible fixed assets22/27 | €59,162 | €44,318 | €29,726 | €26,558 | €25,581 | €9,617 | €17,461 | ▲ 81.6% |
| Land and buildings22 | - | - | - | €20,798 | €20,513 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €5,759 | €4,156 | €6,754 | €9,431 | ▲ 39.6% |
| Furniture and vehicles24 | - | - | - | - | €912 | €558 | €5,963 | ▲ 969% |
| Other tangible fixed assets26 | - | - | - | - | - | €2,305 | €2,067 | ▼ 10.3% |
| Financial fixed assets28 | €794 | €794 | €794 | - | €350 | €350 | €350 | = |
| Current assets29/58 | €197,285 | €181,485 | €233,806 | €174,947 | €170,856 | €273,311 | €270,439 | ▼ 1.1% |
| Amounts receivable after more than one year29 | - | - | - | €112,130 | €118,757 | €125,939 | €125,939 | = |
| Other amounts receivable291 | - | - | - | €112,130 | €118,757 | €125,939 | €125,939 | = |
| Stocks and contracts in progress3 | €76,178 | €76,849 | €79,200 | €49,746 | €43,566 | €55,914 | €97,583 | ▲ 74.5% |
| Stocks30/36 | - | - | - | €49,746 | €43,566 | €55,914 | €97,583 | ▲ 74.5% |
| Amounts receivable within one year40/41 | €87,537 | €76,066 | €137,495 | €8,980 | €5,523 | €11,103 | €26,548 | ▲ 139% |
| Trade receivables40 | - | - | - | €6,627 | €5,392 | €1,960 | €17,404 | ▲ 788% |
| Other amounts receivable41 | - | - | - | €2,353 | €132 | €9,143 | €9,143 | = |
| Cash at bank and in hand54/58 | €29,472 | €27,004 | €15,937 | €3,841 | €1,136 | €80,355 | €18,746 | ▼ 76.7% |
| Deferred charges and accrued income490/1 | - | - | - | €250 | €1,874 | - | €1,624 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €257,505 | €226,597 | €264,325 | €201,505 | €196,787 | €283,279 | €289,862 | ▲ 2.3% |
| Equity10/15 | €199,594 | €199,215 | €194,934 | €101,165 | €102,317 | €238,496 | €260,620 | ▲ 9.3% |
| Contributions10/11 | €17,105 | €17,105 | - | €17,105 | €17,105 | €17,105 | €17,105 | = |
| Reserves13 | €181,859 | €181,859 | €177,759 | €83,759 | €85,159 | €221,359 | €221,359 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €81,900 | €83,300 | €219,500 | €219,500 | = |
| Profit (loss) carried forward14 | €630 | €251 | €70 | €301 | €53 | €33 | €22,156 | ▲ 67,821% |
| Amounts payable17/49 | €57,911 | €27,382 | €69,391 | €100,340 | €94,470 | €44,782 | €29,243 | ▼ 34.7% |
| Amounts payable after more than one year17 | €7,474 | €2,426 | €20,151 | €7,424 | - | - | - | - |
| Financial debts170/4 | - | - | - | €7,424 | - | - | - | - |
| Amounts payable within one year42/48 | €50,438 | €24,956 | €49,169 | €92,828 | €92,090 | €41,289 | €25,750 | ▼ 37.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,727 | €7,424 | - | - | - |
| Trade debts44 | €18,565 | €2,808 | €7,999 | €16,239 | €17,073 | €17,219 | €10,916 | ▼ 36.6% |
| Suppliers440/4 | - | - | - | €16,239 | €17,073 | €17,219 | €10,916 | ▼ 36.6% |
| Taxes, remuneration and social security45 | - | - | - | €14,717 | €16,895 | €23,491 | €14,774 | ▼ 37.1% |
| Taxes450/3 | - | - | - | €5,447 | €5,188 | €5,331 | €12,767 | ▲ 139% |
| Remuneration and social security454/9 | - | - | - | €9,270 | €11,707 | €18,160 | €2,007 | ▼ 88.9% |
| Other amounts payable47/48 | - | - | - | €49,145 | €50,698 | €579 | €59 | ▼ 89.9% |
| Accrued charges and deferred income492/3 | - | - | - | €87 | €2,379 | €3,493 | €3,493 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,158 | -€379 | -€4,281 | -€93,770 | €1,153 | €136,179 | €22,123 | ▼ 83.8% |
| + Depreciation and write-downs630 | €15,589 | €15,370 | €14,593 | €3,168 | €2,038 | €1,142 | €4,064 | ▲ 256% |
| Operating cash flow (approximation) | €29,747 | €14,991 | €10,312 | -€90,602 | €3,191 | €137,321 | €26,187 | ▼ 80.9% |
| Investment in fixed assets (approximation) | - | -€262 | €0 | €794 | -€1,412 | €14,822 | -€13,520 | ▼ 191% |
| Change in cash | - | -€2,468 | -€11,067 | -€12,097 | -€2,705 | €79,219 | -€61,609 | ▼ 178% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 7,276 companies in this sector, figures are known for 2,957. 2,274 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: not fully processed yet. The notices from August 2022 to September 2026 are still being read.