MIDDLE EATS
InactiveFinancials · fiscal year 2021, micro schema
Equity
-€161,365▼ 28.8%
2020 · -€125,246
Total assets
€96,533▲ 15.9%
2020 · €83,270
Net result
-€36,118▼ 12.2%
2020 · -€32,177
Working capital
-€154,160▼ 35.1%
2020 · -€114,087
Trend over the years
2019 to 2021, 3 fiscal years
The operating result stays negative: a loss of €31,105 in 2021 against €26,390 in 2020; the loss grows.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€31,105
2021
Net result-€36,118
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€96,533
2021
Equity-€161,365
2021
Debt€257,898
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€154,160
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)13.8
2021
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result-€101,285--€26,390▲ 73.9%-€31,105▼ 17.9%
Net result-€105,470--€32,177▲ 69.5%-€36,118▼ 12.2%
Equity-€93,070--€125,246▼ 34.6%-€161,365▼ 28.8%
Total assets€126,134-€83,270▼ 34.0%€96,533▲ 15.9%
Debt€219,204-€208,517▼ 4.9%€257,898▲ 23.7%
Working capital-€87,068--€114,087▼ 31.0%-€154,160▼ 35.1%
Staff (FTE)6.4-8.5▲ 32.8%13.8▲ 62.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €96,533
Fixed assets
€73,723 ▼ 4.1%
Current assets
€22,810 ▲ 257%
Equity and liabilities
Equity-€161,365
Debt€257,898
Equity is negative: debt (€257,898) exceeds the balance-sheet total (€96,533).
Key figures and ratios
EBITDA
-€5,547▼
2020 · -€3,555
Cash flow
-€10,560▼
2020 · -€9,342
Solvency
-167.2%▼
2020 · -150.4%
Current ratio
0.13▲
2020 · 0.05
ROA
-37.4%▲
2020 · -38.6%
Interest coverage
-0.68
Debt ≤ 1 year
€176,970▲
2020 · €120,471
Debt > 1 year
€80,265▼
2020 · €88,046
Income taxes
€125▲
2020 · €109
Staff costs
€134,824
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,706 | - |
| Remuneration, social security and pensions62 | - | - | €134,824 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,554 | €22,835 | €25,558 | ▲ 11.9% |
| Other operating charges640/8 | - | - | €2,058 | - |
| Gross operating margin9900 | €13,609 | €101,842 | €131,335 | ▲ 29.0% |
| Operating profit (loss)9901 | -€101,285 | -€26,390 | -€31,105 | ▼ 17.9% |
| Financial income75/76B | - | - | €3,320 | - |
| Recurring financial income75 | €132 | €8 | €3,320 | ▲ 39,798% |
| Financial charges65/66B | - | - | €8,208 | - |
| Recurring financial charges65 | €4,317 | €5,686 | €8,208 | ▲ 44.3% |
| Profit (loss) for the period before taxes9903 | -€105,470 | -€32,068 | -€35,993 | ▼ 12.2% |
| Income taxes67/77 | - | €109 | €125 | ▲ 14.9% |
| Profit (loss) for the period9904 | -€105,470 | -€32,177 | -€36,118 | ▼ 12.2% |
| Profit (loss) for the period to be appropriated9905 | -€105,470 | -€32,177 | -€36,118 | ▼ 12.2% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €126,134 | €83,270 | €96,533 | ▲ 15.9% |
| Fixed assets21/28 | €98,316 | €76,886 | €73,723 | ▼ 4.1% |
| Tangible fixed assets22/27 | €90,216 | €68,786 | €65,623 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | - | €14,471 | - |
| Furniture and vehicles24 | - | - | €4,953 | - |
| Other tangible fixed assets26 | - | - | €46,199 | - |
| Financial fixed assets28 | €8,100 | €8,100 | €8,100 | = |
| Current assets29/58 | €27,818 | €6,384 | €22,810 | ▲ 257% |
| Amounts receivable within one year40/41 | €1,033 | €1,282 | €2,406 | ▲ 87.7% |
| Trade receivables40 | - | - | €1,916 | - |
| Other amounts receivable41 | - | - | €490 | - |
| Cash at bank and in hand54/58 | €26,785 | €5,102 | €18,760 | ▲ 268% |
| Deferred charges and accrued income490/1 | - | - | €1,644 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €126,134 | €83,270 | €96,533 | ▲ 15.9% |
| Equity10/15 | -€93,070 | -€125,246 | -€161,365 | ▼ 28.8% |
| Contributions10/11 | €12,400 | - | €12,400 | - |
| Profit (loss) carried forward14 | -€105,470 | -€137,646 | -€173,765 | ▼ 26.2% |
| Amounts payable17/49 | €219,204 | €208,517 | €257,898 | ▲ 23.7% |
| Amounts payable after more than one year17 | €104,317 | €88,046 | €80,265 | ▼ 8.8% |
| Financial debts170/4 | - | - | €80,265 | - |
| Amounts payable within one year42/48 | €114,887 | €120,471 | €176,970 | ▲ 46.9% |
| Current portion of amounts payable after more than one year42 | - | - | €35,241 | - |
| Financial debts43 | - | - | €68 | - |
| Credit institutions430/8 | - | - | €68 | - |
| Trade debts44 | €64,660 | €64,263 | €68,372 | ▲ 6.4% |
| Suppliers440/4 | - | - | €68,372 | - |
| Advances received on contracts in progress46 | - | - | €3,380 | - |
| Taxes, remuneration and social security45 | - | - | €63,483 | - |
| Taxes450/3 | - | - | €27,766 | - |
| Remuneration and social security454/9 | - | - | €35,717 | - |
| Other amounts payable47/48 | - | - | €6,426 | - |
| Accrued charges and deferred income492/3 | - | - | €663 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€105,470 | -€32,177 | -€36,118 | ▼ 12.2% |
| + Depreciation and write-downs630 | €22,554 | €22,835 | €25,558 | ▲ 11.9% |
| Operating cash flow (approximation) | -€82,916 | -€9,342 | -€10,560 | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | -€1,406 | -€22,395 | ▼ 1,493% |
| Change in cash | - | -€21,683 | €13,658 | ▲ 163% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Subsidies and aid
Flemish government
2022 · 1 entry · €2,000 awarded · €2,000 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | €2,000 | €2,000 |
Schemes