Mema
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 140 days after the deadline Filed on 17 September 2024, deadline 30 April 2024 (7 months after the close on 30 September 2023, Companies Code art. 3:10). Source: NBB, 2024-00465439.
Annual accounts 2023 filed on 17-09-2024 PDF all 7 filings
Turnover
≈ €200,000
Estimated: probably between €69,000 and €410,000
Total assets
€112,862▲ 37.7%
2022 · €81,935
Net result
€6,864▲ 191%
2022 · €2,359
Working capital
€20,844▲ 81.0%
2022 · €11,514
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€14,103
▲ 15.3%
2023
20192023
Net result
€6,864
▲ 191%
2023
middle half of the sector
20192023
Equity
€29,945
▲ 29.7%
2023
middle half of the sector
20192023
Total assets
€112,862
▲ 37.7%
2023
middle half of the sector
20192023
Debt
€82,917
▲ 40.9%
2023
20192023
Working capital
€20,844
▲ 81.0%
2023
middle half of the sector
20192023
Solvency
26.5%
▼ 1.6pp
2023
middle half of the sector
20192023
Current ratio
1.25
▲ 0.06
2023
middle half of the sector
20192023
Return on assets (ROA)
6.1%
▲ 3.2pp
2023
middle half of the sector
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€4,521-€42,832€3,026▼ 92.9%€12,230▲ 304%€14,103▲ 15.3%
Net result-€5,923-€33,547above the sector's middle half€2,389within the sector's middle half▼ 92.9%€2,359within the sector's middle half▼ 1.2%€6,864within the sector's middle half▲ 191%
Equity-€15,214-€18,333within the sector's middle half€20,722within the sector's middle half▲ 13.0%€23,081within the sector's middle half▲ 11.4%€29,945within the sector's middle half▲ 29.7%
Total assets€29,143-€40,136below the sector's middle half▲ 37.7%€63,301within the sector's middle half▲ 57.7%€81,935within the sector's middle half▲ 29.4%€112,862within the sector's middle half▲ 37.7%
Debt€44,357-€21,804▼ 50.8%€42,579▲ 95.3%€58,854▲ 38.2%€82,917▲ 40.9%
Working capital-€30,294-€5,008within the sector's middle half€9,151within the sector's middle half▲ 82.7%€11,514within the sector's middle half▲ 25.8%€20,844within the sector's middle half▲ 81.0%
Solvency-52.2%-45.7%within the sector's middle half▲ 97.9pp32.7%within the sector's middle half▼ 12.9pp28.2%within the sector's middle half▼ 4.6pp26.5%within the sector's middle half▼ 1.6pp
Current ratio0.32-1.23within the sector's middle half▲ 0.911.21within the sector's middle half▼ 0.011.20within the sector's middle half▼ 0.021.25within the sector's middle half▲ 0.06
Return on assets (ROA)-20.3%-83.6%above the sector's middle half▲ 103.9pp3.8%within the sector's middle half▼ 79.8pp2.9%within the sector's middle half▼ 0.9pp6.1%within the sector's middle half▲ 3.2pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 15% higher than in 2022. It is the second rise in a row, after the fall in 2021.
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 €112,862
Fixed assets
€9,101 ▼ 21.3%
Current assets
€103,761 ▲ 47.5%
Equity and liabilities €112,862
Equity
€29,945 ▲ 29.7%
Debt
€82,917 ▲ 40.9%
Debt's share of the balance-sheet total rises from 71.8% to 73.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,568▲
2022 · €14,695
Cash flow
€9,329▲
2022 · €4,825
Debt to equity
2.77▲
2022 · 2.55
ROE
22.9%▲
2022 · 10.2%
Interest coverage
5.07▲
2022 · 2.12
Debt ≤ 1 year
€82,917▲
2022 · €58,854
Income taxes
€6,701▲
2022 · €4,712
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Tangible fixed assets | - | €2,461 | - |
| Depreciation and write-downs of the year | €1,755 | €2,465 | €2,465 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,755 | €1,755 | €1,755 | €2,465 | €2,465 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,000 | - | - |
| Other operating charges640/8 | - | - | €1,495 | €1,893 | €996 | ▼ 47.4% |
| Gross operating margin9900 | -€2,659 | €49,474 | €6,276 | €18,588 | €17,564 | ▼ 5.5% |
| Operating profit (loss)9901 | -€4,521 | €42,832 | €3,026 | €12,230 | €14,103 | ▲ 15.3% |
| Financial income75/76B | - | - | €1,330 | €1,761 | €2,728 | ▲ 54.9% |
| Recurring financial income75 | - | - | €1,330 | €1,761 | €2,728 | ▲ 54.9% |
| Financial charges65/66B | - | - | €695 | €6,919 | €3,266 | ▼ 52.8% |
| Recurring financial charges65 | €1,402 | €2,716 | €695 | €6,919 | €3,266 | ▼ 52.8% |
| Profit (loss) for the period before taxes9903 | -€5,923 | €40,116 | €3,661 | €7,071 | €13,565 | ▲ 91.8% |
| Income taxes67/77 | - | €6,569 | €1,272 | €4,712 | €6,701 | ▲ 42.2% |
| Profit (loss) for the period9904 | -€5,923 | €33,547 | €2,389 | €2,359 | €6,864 | ▲ 191% |
| Profit (loss) for the period to be appropriated9905 | -€5,923 | €33,547 | €2,389 | €2,359 | €6,864 | ▲ 191% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,143 | €40,136 | €63,301 | €81,935 | €112,862 | ▲ 37.7% |
| Fixed assets21/28 | €15,080 | €13,325 | €11,570 | €11,566 | €9,101 | ▼ 21.3% |
| Intangible fixed assets21 | €14,876 | €13,223 | €11,570 | €9,917 | €8,264 | ▼ 16.7% |
| Tangible fixed assets22/27 | €204 | €102 | - | €1,649 | €837 | ▼ 49.3% |
| Plant, machinery and equipment23 | - | - | - | €1,649 | €837 | ▼ 49.3% |
| Current assets29/58 | €14,063 | €26,811 | €51,730 | €70,368 | €103,761 | ▲ 47.5% |
| Stocks and contracts in progress3 | €1,995 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €8,700 | €21,469 | €45,614 | €60,286 | €102,414 | ▲ 69.9% |
| Trade receivables40 | - | - | €14,463 | €21,946 | €20,962 | ▼ 4.5% |
| Other amounts receivable41 | - | - | €31,151 | €38,340 | €81,452 | ▲ 112% |
| Cash at bank and in hand54/58 | €3,368 | €5,343 | €6,116 | €10,082 | €1,347 | ▼ 86.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,143 | €40,136 | €63,301 | €81,935 | €112,862 | ▲ 37.7% |
| Equity10/15 | -€15,214 | €18,333 | €20,722 | €23,081 | €29,945 | ▲ 29.7% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Capital10 | - | - | €12,000 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €6,600 | - | - | - |
| Reserves13 | - | - | - | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€27,214 | €6,333 | €8,722 | €9,221 | €16,085 | ▲ 74.4% |
| Amounts payable17/49 | €44,357 | €21,804 | €42,579 | €58,854 | €82,917 | ▲ 40.9% |
| Amounts payable within one year42/48 | €44,357 | €21,804 | €42,579 | €58,854 | €82,917 | ▲ 40.9% |
| Financial debts43 | - | - | - | €1,294 | €7,729 | ▲ 497% |
| Credit institutions430/8 | - | - | - | €1,294 | €7,729 | ▲ 497% |
| Trade debts44 | €29,695 | €16,400 | €31,395 | €24,462 | €28,100 | ▲ 14.9% |
| Suppliers440/4 | - | - | €31,395 | €24,462 | €28,100 | ▲ 14.9% |
| Taxes, remuneration and social security45 | - | - | €11,184 | €33,098 | €47,088 | ▲ 42.3% |
| Taxes450/3 | - | - | €11,184 | €33,098 | €47,088 | ▲ 42.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,923 | €33,547 | €2,389 | €2,359 | €6,864 | ▲ 191% |
| + Depreciation and write-downs630 | €1,755 | €1,755 | €1,755 | €2,465 | €2,465 | = |
| Operating cash flow (approximation) | -€4,169 | €35,302 | €4,144 | €4,825 | €9,329 | ▲ 93.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,461 | €0 | - |
| Change in cash | - | €1,974 | €774 | €3,966 | -€8,735 | - |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 17-09-2024 | 2024-00465439 | |
| 30-09-2022 | micro format | 29-04-2023 | 2023-00080391 | |
| 30-09-2021 | micro format | 26-04-2022 | 2022-20008572 | |
| 30-09-2020 | micro format | 01-04-2021 | 2021-09400201 | |
| 30-09-2019 | micro format | 05-05-2020 | 2020-11400311 | |
| 30-09-2018 | micro format | 19-11-2019 | 2019-74100099 | |
| 30-09-2017 | micro format | 02-05-2018 | 2018-12300536 |