MILLENIUM 3
InactiveFinancials · financial year 2022, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€652,587▼ 2.3%
2021 · €667,827
Working capital
€5.5m▲ 13.8%
2021 · €4.8m
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result turns negative in 2022: a loss of €65,465 after €33,037 in 2021, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.07m
2022
Net result€0.7m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€19.7m
2022
Equity€18.0m
2022
Debt€1.7m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5.5m
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€0.2m-€0.1m▼ 47.9%€0.03m▼ 66.7%-€0.07m
Net result-€0.06m-€0.7m€0.7m▲ 2.6%€0.7m▼ 2.3%
Equity€16.0m-€16.7m▲ 4.1%€17.4m▲ 4.0%€18.0m▲ 3.8%
Total assets€17.7m-€18.4m▲ 3.9%€19.1m▲ 3.9%€19.7m▲ 3.4%
Debt€1.6m-€1.7m▲ 2.0%€1.7m▲ 3.3%€1.7m▲ 0.2%
Working capital€4.0m-€4.1m▲ 3.1%€4.8m▲ 16.2%€5.5m▲ 13.8%
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €19.7m
Fixed assets
€12.5m ▼ 0.1%
Current assets
€7.2m ▲ 10.2%
Equity and liabilities €19.7m
Equity
€18.0m ▲ 3.8%
Debt
€1.7m ▲ 0.2%
Debt's share of the balance-sheet total falls from 9.1% to 8.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€54,236▼
2021 · €44,083
Cash flow
€663,816▼
2021 · €678,873
Current ratio
4.16▲
2021 · 3.78
Debt to equity
0.10▼
2021 · 0.10
ROE
3.6%▼
2021 · 3.8%
ROA
3.3%▼
2021 · 3.5%
Interest coverage
-1.35▼
2021 · 1.28
Debt ≤ 1 year
€1.7m▲
2021 · €1.7m
Income taxes
€624▼
2021 · €647
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €282 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €417 | €5,727 | €11,046 | €11,229 | ▲ 1.7% |
| Other operating charges640/8 | - | - | €3,283 | €3,187 | ▼ 2.9% |
| Non-recurring operating charges66A | - | - | €50 | €10,413 | ▲ 20,903% |
| Gross operating margin9900 | €195,354 | €121,362 | €47,415 | -€40,636 | ▼ 186% |
| Operating profit (loss)9901 | €190,176 | €99,088 | €33,037 | -€65,465 | ▼ 298% |
| Financial income75/76B | - | - | €669,937 | €758,795 | ▲ 13.3% |
| Recurring financial income75 | €352,565 | €21,200 | €669,767 | €758,795 | ▲ 13.3% |
| Non-recurring financial income76B | - | - | €170 | - | - |
| Financial charges65/66B | - | - | €34,500 | €40,118 | ▲ 16.3% |
| Recurring financial charges65 | €22,620 | €17,019 | €34,500 | €40,118 | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €39,436 | €583,954 | €668,474 | €653,211 | ▼ 2.3% |
| Income taxes67/77 | €104,287 | -€66,632 | €647 | €624 | ▼ 3.6% |
| Profit (loss) for the period9904 | -€64,851 | €650,586 | €667,827 | €652,587 | ▼ 2.3% |
| Profit (loss) for the period to be appropriated9905 | -€64,851 | €650,586 | €667,827 | €652,587 | ▼ 2.3% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €17.7m | €18.4m | €19.1m | €19.7m | ▲ 3.4% |
| Fixed assets21/28 | €12.0m | €12.5m | €12.5m | €12.5m | ▼ 0.1% |
| Tangible fixed assets22/27 | €0.02m | €0.07m | €0.06m | €0.05m | ▼ 17.5% |
| Furniture and vehicles24 | - | - | €0.04m | €0.03m | ▼ 23.8% |
| Other tangible fixed assets26 | - | - | €0.02m | €0.02m | ▼ 3.4% |
| Assets under construction and advance payments27 | - | - | - | €123 | - |
| Financial fixed assets28 | €12.0m | €12.5m | €12.5m | €12.5m | = |
| Current assets29/58 | €5.7m | €5.8m | €6.5m | €7.2m | ▲ 10.2% |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.5m | €2.0m | ▲ 311% |
| Trade receivables40 | - | - | €0.2m | €0.1m | ▼ 56.8% |
| Other amounts receivable41 | - | - | €0.2m | €1.9m | ▲ 665% |
| Current investments50/53 | €0.2m | €0.2m | €1.1m | €1.1m | ▲ 1.4% |
| Cash at bank and in hand54/58 | €5.2m | €5.2m | €4.9m | €4.1m | ▼ 16.8% |
| Deferred charges and accrued income490/1 | - | - | €0.002m | €0.002m | ▼ 3.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €17.7m | €18.4m | €19.1m | €19.7m | ▲ 3.4% |
| Equity10/15 | €16.0m | €16.7m | €17.4m | €18.0m | ▲ 3.8% |
| Contributions10/11 | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Capital10 | - | - | €3.3m | €3.3m | = |
| Issued capital100 | - | - | €3.3m | €3.3m | = |
| Reserves13 | €2.9m | €2.9m | €2.9m | €2.9m | = |
| Non-distributable reserves130/1 | - | - | €0.3m | €0.3m | = |
| Legal reserve130 | - | - | €0.3m | €0.3m | = |
| Distributable reserves133 | - | - | €2.5m | €2.5m | = |
| Profit (loss) carried forward14 | €9.8m | €10.5m | €11.2m | €11.8m | ▲ 5.8% |
| Amounts payable17/49 | €1.6m | €1.7m | €1.7m | €1.7m | ▲ 0.2% |
| Amounts payable within one year42/48 | €1.6m | €1.7m | €1.7m | €1.7m | ▲ 0.2% |
| Financial debts43 | - | - | €1.6m | €1.6m | = |
| Credit institutions430/8 | - | - | €1.6m | €1.6m | = |
| Trade debts44 | €0.04m | €0.04m | €0.07m | €0.07m | ▲ 3.0% |
| Suppliers440/4 | - | - | €0.07m | €0.07m | ▲ 3.0% |
| Taxes, remuneration and social security45 | - | - | €0 | €0.01m | - |
| Taxes450/3 | - | - | €0 | €0.01m | - |
| Other amounts payable47/48 | - | - | €0.06m | €0.05m | ▼ 15.1% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€64,851 | €650,586 | €667,827 | €652,587 | ▼ 2.3% |
| + Depreciation and write-downs630 | €417 | €5,727 | €11,046 | €11,229 | ▲ 1.7% |
| Operating cash flow (approximation) | -€64,434 | €656,313 | €678,873 | €663,816 | ▼ 2.2% |
| Investment in fixed assets (approximation) | - | -€532,520 | -€6,432 | -€123 | ▲ 98.1% |
| Change in cash | - | -€12,451 | -€267,573 | -€829,941 | ▼ 210% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: not fully processed yet. The notices from February 2020 to September 2026 are still being read.