MOERMAN TRIS
InactiveFrom the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, abbreviated format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 31-12-2023
- Filed on
- 13-06-2024
- Format
- abbreviated format
- Reference
- 2024-00129919
Turnover
≈ €390,000
Estimated: probably between €240,000 and €730,000
Total assets
€480,925▼ 1.1%
2022 · €486,033
Net result
€15,307▼ 7.4%
2022 · €16,535
Working capital
€50,356▲ 25.9%
2022 · €39,989
Trend over the years
2021 to 2023, 3 financial years
The operating result recovers in 2023; 2023 is 3% above 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€21,382
2023
Net result€15,307
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€480,925
2023
Equity€89,157
2023
Debt€391,768
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€50,356
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2.4
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023
Operating result€51,851-€20,830▼ 59.8%€21,382▲ 2.6%
Net result€47,315-€16,535▼ 65.1%€15,307▼ 7.4%
Equity€57,315-€73,849▲ 28.8%€89,157▲ 20.7%
Total assets€443,112-€486,033▲ 9.7%€480,925▼ 1.1%
Debt€385,797-€412,184▲ 6.8%€391,768▼ 5.0%
Working capital€64,568-€39,989▼ 38.1%€50,356▲ 25.9%
Staff (FTE)2-2.4▲ 20.0%2.4=
Turnover and EBIT margin 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 €480,925
Fixed assets
€53,532 ▼ 15.2%
Current assets
€427,393 ▲ 1.1%
Equity and liabilities €480,925
Equity
€89,157 ▲ 20.7%
Debt
€391,768 ▼ 5.0%
Debt's share of the balance-sheet total falls from 84.8% to 81.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,006▲
2022 · €30,560
Cash flow
€24,932▼
2022 · €26,264
Current ratio
1.13▲
2022 · 1.10
Quick ratio
0.31▲
2022 · 0.30
Debt to equity
4.39▼
2022 · 5.58
ROE
17.2%▼
2022 · 22.4%
ROA
3.2%▼
2022 · 3.4%
Interest coverage
20.19▲
2022 · 17.28
Debt ≤ 1 year
€377,037▼
2022 · €382,888
Debt > 1 year
€14,732▼
2022 · €29,296
Income taxes
€5,951▲
2022 · €5,888
Staff costs
€116,247▼
2022 · €158,128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €77,335 | €158,128 | €116,247 | ▼ 26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,067 | €9,730 | €9,624 | ▼ 1.1% |
| Other operating charges640/8 | €3,229 | €2,078 | €6,125 | ▲ 195% |
| Gross operating margin9900 | €141,482 | €190,765 | €153,378 | ▼ 19.6% |
| Operating profit (loss)9901 | €51,851 | €20,830 | €21,382 | ▲ 2.6% |
| Financial income75/76B | €3,223 | €3,360 | €1,413 | ▼ 58.0% |
| Recurring financial income75 | €3,223 | €3,360 | €1,413 | ▼ 58.0% |
| Financial charges65/66B | €2,640 | €1,768 | €1,536 | ▼ 13.2% |
| Recurring financial charges65 | €2,640 | €1,768 | €1,536 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €52,434 | €22,422 | €21,259 | ▼ 5.2% |
| Income taxes67/77 | €5,119 | €5,888 | €5,951 | ▲ 1.1% |
| Profit (loss) for the period9904 | €47,315 | €16,535 | €15,307 | ▼ 7.4% |
| Profit (loss) for the period to be appropriated9905 | €47,315 | €16,535 | €15,307 | ▼ 7.4% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €443,112 | €486,033 | €480,925 | ▼ 1.1% |
| Fixed assets21/28 | €60,546 | €63,156 | €53,532 | ▼ 15.2% |
| Tangible fixed assets22/27 | €60,546 | €63,156 | €53,532 | ▼ 15.2% |
| Plant, machinery and equipment23 | €54,961 | €59,071 | €50,947 | ▼ 13.8% |
| Furniture and vehicles24 | €5,585 | €4,085 | €2,585 | ▼ 36.7% |
| Current assets29/58 | €382,565 | €422,877 | €427,393 | ▲ 1.1% |
| Stocks and contracts in progress3 | €205,186 | €308,935 | €309,683 | ▲ 0.2% |
| Stocks30/36 | €205,186 | €308,935 | €309,683 | ▲ 0.2% |
| Amounts receivable within one year40/41 | €99,298 | €73,944 | €77,100 | ▲ 4.3% |
| Trade receivables40 | €53,741 | €42,386 | €67,695 | ▲ 59.7% |
| Other amounts receivable41 | €45,557 | €31,558 | €9,405 | ▼ 70.2% |
| Cash at bank and in hand54/58 | €67,548 | €28,851 | €28,722 | ▼ 0.4% |
| Deferred charges and accrued income490/1 | €10,533 | €11,147 | €11,888 | ▲ 6.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €443,112 | €486,033 | €480,925 | ▼ 1.1% |
| Equity10/15 | €57,315 | €73,849 | €89,157 | ▲ 20.7% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | €63,849 | €79,157 | ▲ 24.0% |
| Distributable reserves133 | - | €63,849 | €79,157 | ▲ 24.0% |
| Profit (loss) carried forward14 | €47,315 | €0 | - | - |
| Amounts payable17/49 | €385,797 | €412,184 | €391,768 | ▼ 5.0% |
| Amounts payable after more than one year17 | €67,800 | €29,296 | €14,732 | ▼ 49.7% |
| Financial debts170/4 | €67,800 | €29,296 | €14,732 | ▼ 49.7% |
| Amounts payable within one year42/48 | €317,997 | €382,888 | €377,037 | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | €40,257 | €38,504 | €14,564 | ▼ 62.2% |
| Financial debts43 | - | - | €133 | - |
| Credit institutions430/8 | - | - | €133 | - |
| Trade debts44 | €113,948 | €194,985 | €125,746 | ▼ 35.5% |
| Suppliers440/4 | €113,948 | €194,985 | €125,746 | ▼ 35.5% |
| Advances received on contracts in progress46 | €26,439 | €27,282 | €40,658 | ▲ 49.0% |
| Taxes, remuneration and social security45 | €55,181 | €29,405 | €20,554 | ▼ 30.1% |
| Taxes450/3 | €41,867 | €12,781 | €12,594 | ▼ 1.5% |
| Remuneration and social security454/9 | €13,313 | €16,625 | €7,960 | ▼ 52.1% |
| Other amounts payable47/48 | €82,173 | €92,712 | €175,383 | ▲ 89.2% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,315 | €16,535 | €15,307 | ▼ 7.4% |
| + Depreciation and write-downs630 | €9,067 | €9,730 | €9,624 | ▼ 1.1% |
| Operating cash flow (approximation) | €56,381 | €26,264 | €24,932 | ▼ 5.1% |
| Investment in fixed assets (approximation) | - | -€12,340 | €0 | - |
| Change in cash | - | -€38,697 | -€129 | ▲ 99.7% |
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: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.