Metropole Motors
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (125 days) Filed on 3 December 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00608851.
Turnover
€246,426▼ 22.9%
2021 · €319,684
EBIT margin
3.3%▲ 1.3pp
2021 · 1.9%
Net result
€17,585▲ 266%
2022 · €4,800
Working capital
€76,336▲ 30.8%
2022 · €58,339
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 125% above 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€246,426
2022
Operating result€18,170
2023
Net result€17,585
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€389,832
2023
Equity€76,731
2023
Debt€313,101
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€76,336
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin3.3%
2022
Return on assets (ROA)4.5%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency19.7%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.24
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€369,234-€379,434▲ 2.8%€384,436▲ 1.3%€319,684▼ 16.8%€246,426▼ 22.9%
Operating result€2,433--€280€47,015€6,211▼ 86.8%€8,084▲ 30.2%€18,170▲ 125%
Net result€1,645--€394€46,936above the sector's middle half€5,124within the sector's middle half▼ 89.1%€4,800within the sector's middle half▼ 6.3%€17,585within the sector's middle half▲ 266%
EBIT margin0.7%--0.1%▼ 0.7pp12.2%▲ 12.3pp1.9%▼ 10.3pp3.3%▲ 1.3pp
Equity€2,680-€2,286▼ 14.7%€49,222within the sector's middle half▲ 22×€54,346within the sector's middle half▲ 10.4%€59,146within the sector's middle half▲ 8.8%€76,731within the sector's middle half▲ 29.7%
Total assets€196,841-€454,895▲ 131%€819,410above the sector's middle half▲ 80.1%€698,799above the sector's middle half▼ 14.7%€610,846above the sector's middle half▼ 12.6%€389,832above the sector's middle half▼ 36.2%
Debt€194,161-€452,609▲ 133%€770,188▲ 70.2%€644,453▼ 16.3%€551,700▼ 14.4%€313,101▼ 43.2%
Working capital€2,383-€1,734▼ 27.3%€48,151within the sector's middle half▲ 28×€53,762within the sector's middle half▲ 11.7%€58,339within the sector's middle half▲ 8.5%€76,336within the sector's middle half▲ 30.8%
Solvency1.4%-0.5%▼ 0.9pp6.0%within the sector's middle half▲ 5.5pp7.8%within the sector's middle half▲ 1.8pp9.7%within the sector's middle half▲ 1.9pp19.7%within the sector's middle half▲ 10.0pp
Current ratio1.01-1.00▼ 0.011.06within the sector's middle half▲ 0.061.08within the sector's middle half▲ 0.021.11within the sector's middle half▲ 0.021.24within the sector's middle half▲ 0.14
Return on assets (ROA)0.8%--0.1%▼ 0.9pp5.7%within the sector's middle half▲ 5.8pp0.7%within the sector's middle half▼ 5.0pp0.8%within the sector's middle half▲ 0.1pp4.5%within the sector's middle half▲ 3.7pp
Staff (FTE)2
above
within
below
the middle half of NACE 47, Retail trade: 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.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €389,832
Fixed assets
€394 ▼ 51.2%
Current assets
€389,438 ▼ 36.2%
Equity and liabilities €389,832
Equity
€76,731 ▲ 29.7%
Debt
€313,101 ▼ 43.2%
Debt's share of the balance-sheet total falls from 90.3% to 80.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,583▲
2022 · €8,853
Cash flow
€17,998▲
2022 · €5,568
Quick ratio
0.14▼
2022 · 0.48
Debt to equity
4.08▼
2022 · 9.33
ROE
22.9%▲
2022 · 8.1%
Interest coverage
31.76▲
2022 · 31.46
Debt ≤ 1 year
€313,101▼
2022 · €551,700
Staff costs
€57,930▲
2022 · €17,009
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 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €369,234 | €379,434 | €384,436 | €319,684 | €246,426 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €330,529 | €220,564 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €17,009 | €57,930 | ▲ 241% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90 | €157 | €487 | €487 | €768 | €413 | ▼ 46.3% |
| Other operating charges640/8 | - | - | - | €780 | - | - | - |
| Gross operating margin9900 | €3,857 | €323 | €48,355 | €7,478 | €25,862 | €76,512 | ▲ 196% |
| Operating profit (loss)9901 | €2,433 | -€280 | €47,015 | €6,211 | €8,084 | €18,170 | ▲ 125% |
| Financial income75/76B | - | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €263 | €281 | €585 | ▲ 108% |
| Recurring financial charges65 | €788 | €114 | €79 | €263 | €281 | €585 | ▲ 108% |
| Profit (loss) for the period before taxes9903 | €1,645 | -€394 | €46,936 | €5,948 | €7,803 | €17,585 | ▲ 125% |
| Income taxes67/77 | - | - | - | €824 | €3,003 | - | - |
| Profit (loss) for the period9904 | €1,645 | -€394 | €46,936 | €5,124 | €4,800 | €17,585 | ▲ 266% |
| Profit (loss) for the period to be appropriated9905 | €1,645 | -€394 | €46,936 | €5,124 | €4,800 | €17,585 | ▲ 266% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €196,841 | €454,895 | €819,410 | €698,799 | €610,846 | €389,832 | ▼ 36.2% |
| Fixed assets21/28 | €297 | €553 | €1,071 | €585 | €807 | €394 | ▼ 51.2% |
| Tangible fixed assets22/27 | €297 | €553 | €1,056 | €570 | €792 | €379 | ▼ 52.1% |
| Plant, machinery and equipment23 | - | - | - | €330 | €709 | €379 | ▼ 46.6% |
| Furniture and vehicles24 | - | - | - | €239 | €83 | - | - |
| Financial fixed assets28 | - | - | €15 | €15 | €15 | €15 | = |
| Current assets29/58 | €196,544 | €454,343 | €818,338 | €698,215 | €610,039 | €389,438 | ▼ 36.2% |
| Stocks and contracts in progress3 | €31,900 | €197,015 | €162,620 | €321,820 | €345,733 | €346,698 | ▲ 0.3% |
| Stocks30/36 | - | - | - | €321,820 | €345,733 | €346,698 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €151,271 | €244,832 | €645,428 | €363,813 | €252,241 | €36,179 | ▼ 85.7% |
| Trade receivables40 | - | - | - | €347,579 | €239,501 | €36,179 | ▼ 84.9% |
| Other amounts receivable41 | - | - | - | €16,235 | €12,740 | - | - |
| Cash at bank and in hand54/58 | €13,373 | €12,496 | €10,291 | €12,582 | €12,065 | €6,561 | ▼ 45.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €196,841 | €454,895 | €819,410 | €698,799 | €610,846 | €389,832 | ▼ 36.2% |
| Equity10/15 | €2,680 | €2,286 | €49,222 | €54,346 | €59,146 | €76,731 | ▲ 29.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - |
| Contributions outside capital11 | - | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€15,920 | -€16,314 | €30,622 | €35,746 | €40,546 | €58,131 | ▲ 43.4% |
| Amounts payable17/49 | €194,161 | €452,609 | €770,188 | €644,453 | €551,700 | €313,101 | ▼ 43.2% |
| Amounts payable within one year42/48 | €194,161 | €452,609 | €770,188 | €644,453 | €551,700 | €313,101 | ▼ 43.2% |
| Trade debts44 | €126,855 | €349,785 | €671,174 | €464,897 | €372,697 | €138,636 | ▼ 62.8% |
| Suppliers440/4 | - | - | - | €464,897 | €372,697 | €138,636 | ▼ 62.8% |
| Taxes, remuneration and social security45 | - | - | - | €955 | - | €4,404 | - |
| Taxes450/3 | - | - | - | €955 | - | €4,404 | - |
| Other amounts payable47/48 | - | - | - | €178,602 | €179,003 | €170,061 | ▼ 5.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,645 | -€394 | €46,936 | €5,124 | €4,800 | €17,585 | ▲ 266% |
| + Depreciation and write-downs630 | €90 | €157 | €487 | €487 | €768 | €413 | ▼ 46.3% |
| Operating cash flow (approximation) | €1,735 | -€237 | €47,423 | €5,611 | €5,568 | €17,998 | ▲ 223% |
| Investment in fixed assets (approximation) | - | -€412 | -€1,006 | €0 | -€991 | €0 | - |
| Change in cash | - | -€877 | -€2,205 | €2,291 | -€517 | -€5,504 | ▼ 964% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 03-12-2024 | 2024-00608851 |
| 31-12-2022 | micro format | 31-12-2023 | 2024-00540991 |
| 31-12-2021 | micro format | 29-12-2022 | 2023-20551588 |
| 31-12-2020 | micro format | 31-12-2021 | 2021-82500589 |
| 31-12-2019 | micro format | 31-10-2020 | 2020-66300209 |
| 31-12-2018 | micro format | 31-12-2019 | 2019-78100249 |
| 31-12-2017 | micro format | 31-12-2018 | 2018-76100595 |
| 31-12-2016 | abbreviated format | 29-08-2018 | 2018-51800140 |
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Of the 10,462 active companies whose main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811), figures are known for 5,295. 3,588 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.