MILESTONE FIVE
InactiveFinancials · financial year 2023, unclassified schema
Annual accounts 2023 filed on 18-07-2024 PDF all 8 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€153,000▲ 15×
2022 · €10,000
EBIT margin
95.5%▲ 52.5pp
2022 · 43.0%
Net result
€2,821▼ 1.0%
2022 · €2,850
Working capital
-€4.6m▲ 0.1%
2022 · -€4.6m
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is 34 times that of 2022 and the highest since 2019. It is a recovery after the fall in 2022.
Turnover€0.2m
2023
Operating result€0.1m
2023
Net result€0.003m
2023
Total assets€4.7m
2023
Equity€0.01m
2023
Debt€4.7m
2023
Working capital-€4.6m
2023
EBIT margin95.5%
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.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
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
Turnover€0.02m€0.02m=€0.01m▼ 33.3%€0.2m▲ 15×
Operating result€0.02m-€0.02m▼ 31.0%€0.01m▼ 28.3%€0.009m▼ 19.5%€0.004m▼ 52.6%€0.1m▲ 34×
Net result€302-€406▲ 34.3%€0.002m▲ 484%€0.003m▲ 41.5%€0.003m▼ 14.9%€0.003m▼ 1.0%
EBIT margin75.1%60.5%▼ 14.6pp43.0%▼ 17.4pp95.5%▲ 52.5pp
Equity€1.0m-€1.0m=€1.0m▲ 0.2%€1.0m▲ 0.3%€0.01m▼ 98.8%€0.01m▲ 24.2%
Total assets€4.7m-€4.7m▼ 0.1%€4.7m▲ 0.6%€4.6m▼ 2.0%€4.6m▼ 0.1%€4.7m▲ 3.1%
Debt€3.7m-€3.7m▼ 0.2%€3.7m▲ 0.8%€3.6m▼ 2.6%€4.6m▲ 27.6%€4.7m▲ 3.1%
Working capital-€2.1m--€2.5m▼ 19.3%-€2.6m▼ 5.7%-€2.6m▼ 1.0%-€4.6m▼ 72.0%-€4.6m▲ 0.1%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €4.7m
Fixed assets
€4.6m =
Current assets
€167,599 ▲ 621%
Equity and liabilities €4.7m
Equity
€14,455 ▲ 24.2%
Debt
€4.7m ▲ 3.1%
Debt's share of the balance-sheet total falls from 99.7% to 99.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.04▲
2022 · 0.01
ROE
19.5%▼
2022 · 24.5%
ROA
0.1%▼
2022 · 0.1%
Debt ≤ 1 year
€4.7m▲
2022 · €4.6m
Income taxes
€1,027▼
2022 · €1,037
Customer credit
370 days▼
2022 · 442 days
A ratio outside any meaningful range has been withheld (balance sheet total €4.7m, equity €14,455).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Debts secured on the company's own assets | €918,504 | - | - |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Auditor
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Fee for the audit | €3,652 | €3,542 | €3,079 |
Source: notes to the 2021 to 2023 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €15,000 | €10,000 | €153,000 | ▲ 15× |
| Turnover70 | - | - | €15,000 | €15,000 | €10,000 | €153,000 | ▲ 15× |
| Operating charges60/66A | - | - | - | €5,929 | €5,696 | €6,849 | ▲ 20.3% |
| Services and other goods61 | - | - | - | €4,899 | €4,666 | €5,727 | ▲ 22.7% |
| Other operating charges640/8 | - | - | - | €1,030 | €1,030 | €1,122 | ▲ 9.0% |
| Gross operating margin9900 | €22,915 | €17,082 | - | - | - | - | - |
| Operating profit (loss)9901 | €22,795 | €15,719 | €11,266 | €9,071 | €4,304 | €146,151 | ▲ 34× |
| Financial income75/76B | - | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | €0 | €1 | - | - | - |
| Other financial income752/9 | - | - | - | €1 | - | - | - |
| Financial charges65/66B | - | - | - | €4,429 | €417 | €142,303 | ▲ 342× |
| Recurring financial charges65 | €22,354 | €14,953 | €8,109 | €4,429 | €417 | €142,303 | ▲ 342× |
| Debt charges650 | - | - | €8,109 | €4,429 | €417 | €142,303 | ▲ 342× |
| Profit (loss) for the period before taxes9903 | €442 | €766 | €3,158 | €4,643 | €3,888 | €3,847 | ▼ 1.0% |
| Income taxes67/77 | €139 | €360 | €789 | €1,292 | €1,037 | €1,027 | ▼ 1.0% |
| Taxes670/3 | - | - | - | €1,292 | €1,037 | €1,027 | ▼ 1.0% |
| Profit (loss) for the period9904 | €302 | €406 | €2,368 | €3,351 | €2,850 | €2,821 | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €302 | €406 | €2,368 | €3,351 | €2,850 | €2,821 | ▼ 1.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €4.7m | €4.7m | €4.7m | €4.6m | €4.6m | €4.7m | ▲ 3.1% |
| Fixed assets21/28 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Financial fixed assets28 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Affiliated companies280/1 | - | - | - | €4.6m | €4.6m | €4.6m | = |
| Participating interests280 | - | - | - | €4.6m | €4.6m | €4.6m | = |
| Current assets29/58 | €0.1m | €0.09m | €0.1m | €0.03m | €0.02m | €0.2m | ▲ 621% |
| Amounts receivable within one year40/41 | €0.09m | €0.01m | €0.02m | €488 | €0.01m | €0.2m | ▲ 13× |
| Trade receivables40 | - | - | - | - | €0.01m | €0.2m | ▲ 13× |
| Other amounts receivable41 | - | - | - | €488 | - | - | - |
| Cash at bank and in hand54/58 | €0.01m | €0.08m | €0.1m | €0.03m | €0.01m | €0.01m | ▲ 12.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €4.7m | €4.7m | €4.7m | €4.6m | €4.6m | €4.7m | ▲ 3.1% |
| Equity10/15 | €1.0m | €1.0m | €1.0m | €1.0m | €0.01m | €0.01m | ▲ 24.2% |
| Contributions10/11 | €1.0m | €1.0m | - | €1.0m | - | - | - |
| Reserves13 | €427 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Non-distributable reserves130/1 | - | - | - | €0.001m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.001m | - | - | - |
| Distributable reserves133 | - | - | - | - | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | €0.002m | €0.002m | €0.004m | €0.008m | €0.01m | €0.01m | ▲ 26.4% |
| Amounts payable17/49 | €3.7m | €3.7m | €3.7m | €3.6m | €4.6m | €4.7m | ▲ 3.1% |
| Amounts payable after more than one year17 | €1.5m | €1.1m | €0.9m | €0.9m | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.9m | - | - | - |
| Amounts payable within one year42/48 | €2.2m | €2.6m | €2.7m | €2.7m | €4.6m | €4.7m | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.009m | - | - | - |
| Trade debts44 | €0.002m | €0.001m | €0.002m | €0.001m | €0.002m | €0.002m | ▼ 33.4% |
| Suppliers440/4 | - | - | - | €0.001m | €0.002m | €0.002m | ▼ 33.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.002m | €0.002m | ▲ 34.4% |
| Taxes450/3 | - | - | - | €0.001m | €0.002m | €0.002m | ▲ 34.4% |
| Other amounts payable47/48 | - | - | - | €2.7m | €4.6m | €4.7m | ▲ 3.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €302 | €406 | €2,368 | €3,351 | €2,850 | €2,821 | ▼ 1.0% |
| Operating cash flow (approximation) | €302 | €406 | €2,368 | €3,351 | €2,850 | €2,821 | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €69,605 | €20,569 | -€73,759 | -€17,512 | €1,357 | - |
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 (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | unclassified schema | 18-07-2024 | 2024-00265326 | |
| 31-12-2022 | unclassified schema | 04-07-2023 | 2023-00206432 | |
| 31-12-2021 | unclassified schema | 29-07-2022 | 2022-20255125 | |
| 31-12-2020 | unclassified schema | 01-07-2021 | 2021-30300279 | |
| 31-12-2019 | micro format | 19-08-2020 | 2020-42900237 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-25300219 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-27000212 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-55300262 |