MERVIELDE
InactiveFinancials · financial year 2023, abbreviated format
2023 annual accounts filed 29 days after the deadline Filed on 29 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00391306.
Annual accounts 2023 filed on 29-08-2024 PDF all 48 filings
Turnover
≈ €5.3m
Estimated: probably between €3.6m and €8.6m
Total assets
€2.6m▲ 2.3%
2022 · €2.6m
Net result
€557,108▲ 42.5%
2022 · €390,934
Working capital
€1.2m▼ 21.3%
2022 · €1.5m
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is 40% higher than in 2022 and the highest since 2019. It is a recovery after the fall in 2022.
Operating result€0.7m
2023
Net result€0.6m
2023
Total assets€2.6m
2023
Equity€1.7m
2023
Debt€1.0m
2023
Working capital€1.2m
2023
Staff (FTE)25.8
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.5m-€0.2m▼ 49.8%€0.3m▲ 32.9%€0.6m▲ 94.9%€0.5m▼ 15.0%€0.7m▲ 39.9%
Net result€0.3m-€0.2m▼ 45.6%€0.2m▲ 26.8%€0.5m▲ 97.9%€0.4m▼ 14.8%€0.6m▲ 42.5%
Equity€1.6m-€1.6m▲ 1.9%€1.6m▲ 0.1%€1.6m▲ 0.1%€1.6m▲ 0.1%€1.7m▲ 1.9%
Total assets€3.1m-€2.7m▼ 13.2%€2.6m▼ 4.6%€2.5m▼ 2.6%€2.6m▲ 1.7%€2.6m▲ 2.3%
Debt€1.5m-€1.1m▼ 29.0%€1.0m▼ 11.7%€0.9m▼ 7.3%€0.9m▲ 4.7%€1.0m▲ 2.9%
Working capital€0.9m-€0.9m▲ 9.5%€1.2m▲ 27.5%€1.4m▲ 20.6%€1.5m▲ 1.9%€1.2m▼ 21.3%
Staff (FTE)23.8-24.8▲ 4.2%24.2▼ 2.4%23.6▼ 2.5%26▲ 10.2%25.8▼ 0.8%
Turnover and EBIT margin are not published. The abbreviated 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 €2.6m
Fixed assets
€508,201 ▲ 211%
Current assets
€2.1m ▼ 12.0%
Equity and liabilities €2.6m
Equity
€1.7m ▲ 1.9%
Debt
€952,433 ▲ 2.9%
Debt's share of the balance-sheet total rises from 36.2% to 36.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€856,956▲
2022 · €697,905
Cash flow
€677,047▲
2022 · €561,964
Current ratio
2.21▼
2022 · 2.59
Debt to equity
0.57▲
2022 · 0.57
ROE
33.5%▲
2022 · 23.9%
ROA
21.3%▲
2022 · 15.3%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€952,433▲
2022 · €925,869
Income taxes
€176,789▲
2022 · €133,687
Staff costs
€2.2m▲
2022 · €2.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 24 | 26 | 25 |
| full-time | 24 | 26 | 25 |
| in full-time equivalents | 24 | 26 | 25 |
| Average over the year, in full-time equivalents | 23.6 | 24.3 | 25.8 |
| On a permanent contract | 24 | 26 | 25 |
| Joined | 9 | 8 | 2 |
| Left | 9 | 6 | 3 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €24,047 | €144,307 | €464,488 |
| Depreciation and write-downs of the year | €288,599 | €171,030 | €119,940 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 3 entries · €6,988 awarded · €7,100 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 2 | €6,188 | €6,300 |
| 2022 | 1 | €800 | €800 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.002m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.7m | €2.0m | €2.2m | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.6m | €0.4m | €0.3m | €0.2m | €0.1m | ▼ 29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.008m | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | ▼ 1.0% |
| Gross operating margin9900 | €2.6m | €2.5m | €2.4m | €2.6m | €2.8m | €3.1m | ▲ 10.5% |
| Operating profit (loss)9901 | €0.5m | €0.2m | €0.3m | €0.6m | €0.5m | €0.7m | ▲ 39.9% |
| Financial income75/76B | - | - | - | €9 | €194 | €10 | ▼ 95.0% |
| Recurring financial income75 | €203 | - | €0.001m | €9 | €194 | €10 | ▼ 95.0% |
| Financial charges65/66B | - | - | - | €0.003m | €0.002m | €0.003m | ▲ 27.9% |
| Recurring financial charges65 | €0.01m | €0.009m | €0.005m | €0.003m | €0.002m | €0.003m | ▲ 27.9% |
| Profit (loss) for the period before taxes9903 | €0.5m | €0.2m | €0.3m | €0.6m | €0.5m | €0.7m | ▲ 39.9% |
| Income taxes67/77 | €0.1m | €0.05m | €0.08m | €0.2m | €0.1m | €0.2m | ▲ 32.2% |
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.2m | €0.5m | €0.4m | €0.6m | ▲ 42.5% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.002m | - | €0.03m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.2m | €0.2m | €0.5m | €0.4m | €0.5m | ▲ 33.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €3.1m | €2.7m | €2.6m | €2.5m | €2.6m | €2.6m | ▲ 2.3% |
| Fixed assets21/28 | €1.2m | €0.9m | €0.5m | €0.2m | €0.2m | €0.5m | ▲ 211% |
| Tangible fixed assets22/27 | €1.2m | €0.9m | €0.5m | €0.2m | €0.2m | €0.5m | ▲ 211% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.02m | €0.01m | ▼ 34.6% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.1m | €0.5m | ▲ 247% |
| Financial fixed assets28 | €0.003m | €170 | - | - | - | - | - |
| Current assets29/58 | €1.9m | €1.8m | €2.1m | €2.3m | €2.4m | €2.1m | ▼ 12.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.9m | - | - | - |
| Trade receivables290 | - | - | - | €0.9m | - | - | - |
| Amounts receivable within one year40/41 | €0.6m | €0.7m | €0.8m | - | €1.1m | €1.0m | ▼ 8.4% |
| Trade receivables40 | - | - | - | - | €1.1m | €1.0m | ▼ 8.4% |
| Current investments50/53 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 45.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.1m | €0.1m | ▼ 3.4% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €3.1m | €2.7m | €2.6m | €2.5m | €2.6m | €2.6m | ▲ 2.3% |
| Equity10/15 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.7m | ▲ 1.9% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 2.2% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €1.5m | €1.5m | €1.5m | ▲ 2.2% |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.003m | €0.002m | €0.003m | €0.002m | ▼ 52.9% |
| Amounts payable17/49 | €1.5m | €1.1m | €1.0m | €0.9m | €0.9m | €1.0m | ▲ 2.9% |
| Amounts payable after more than one year17 | €0.5m | €0.2m | €0.02m | - | - | - | - |
| Amounts payable within one year42/48 | €1.1m | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 2.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | - | - | - |
| Trade debts44 | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 31.0% |
| Suppliers440/4 | - | - | - | €0.2m | €0.3m | €0.2m | ▼ 31.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | €0.2m | ▼ 8.3% |
| Taxes450/3 | - | - | - | €0.1m | €0.08m | €0.05m | ▼ 39.8% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | ▲ 7.4% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.4m | €0.5m | ▲ 34.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €336,294 | €183,009 | €232,031 | €459,106 | €390,934 | €557,108 | ▲ 42.5% |
| + Depreciation and write-downs630 | €544,070 | €638,730 | €445,474 | €288,599 | €171,030 | €119,940 | ▼ 29.9% |
| Operating cash flow (approximation) | €880,364 | €821,739 | €677,505 | €747,705 | €561,964 | €677,047 | ▲ 20.5% |
| Investment in fixed assets (approximation) | - | -€340,048 | €170 | -€24,047 | -€144,307 | -€464,488 | ▼ 222% |
| Change in cash | - | -€132,558 | €164,192 | €74,922 | -€5,043 | -€192,587 | ▼ 3,719% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00391306 | |
| 31-12-2022 | abbreviated format | 25-08-2023 | 2023-00352387 | |
| 31-12-2021 | abbreviated format | 29-08-2022 | 2022-20337152 | |
| 31-12-2020 | abbreviated format | 24-08-2021 | 2021-52400036 | |
| 31-12-2019 | abbreviated format | 10-07-2020 | 2020-29000574 | |
| 31-12-2018 | abbreviated format | 25-07-2019 | 2019-39100322 | |
| 31-12-2017 | abbreviated format | 24-08-2018 | 2018-50000359 | |
| 31-12-2016 | abbreviated format | 17-07-2017 | 2017-32300398 | |
| 31-12-2015 | abbreviated format | 08-07-2016 | 2016-29300459 | |
| 31-12-2014 | abbreviated format | 18-06-2015 | 2015-18100239 |