MOERVACO
InactiveFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 22-07-2024 PDF all 47 filings
Equity
€750,351▲ 10.4%
2022 · €679,550
Total assets
€980,284▲ 7.9%
2022 · €908,248
Net result
-€16,606
2022 · €615,018
Working capital
€884,648▼ 1.8%
2022 · €901,254
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€16,559
2023
20182023
Net result
-€16,606
2023
20182023
Equity
€750,351
▲ 10.4%
2023
20182023
Total assets
€980,284
▲ 7.9%
2023
20182023
Debt
€8,229
▲ 17.6%
2023
20182023
Working capital
€884,648
▼ 1.8%
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.008m--€0.08m€0.8m-€0.04m€0.6m-€0.02m
Net result-€0.01m--€0.09m▼ 781%€0.5m-€0.04m€0.6m-€0.02m
Equity-€0.3m--€0.4m▼ 27.8%€0.1m€0.06m▼ 39.5%€0.7m▲ 953%€0.8m▲ 10.4%
Total assets€0.7m-€0.7m▼ 1.6%€1.6m▲ 114%€0.3m▼ 80.9%€0.9m▲ 202%€1.0m▲ 7.9%
Debt€1.1m-€1.2m▲ 7.4%€1.2m▲ 7.6%€0.01m▼ 98.8%€0.007m▼ 53.0%€0.008m▲ 17.6%
Working capital-€0.1m--€0.2m▼ 38.5%€0.9m€0.2m▼ 73.7%€0.9m▲ 296%€0.9m▼ 1.8%
The operating result for 2023 is a loss of €16,559, after a profit of €616,105 in 2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €980,285
Fixed assets
€87,408
Current assets
€892,877
Equity and liabilities €980,284
Equity
€750,351 ▲ 10.4%
Provisions
€221,704 =
Debt
€8,229 ▲ 17.6%
Debt's share of the balance-sheet total rises from 0.8% to 0.8%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.01▲
2022 · 0.01
ROE
-2.2%▼
2022 · 90.5%
ROA
-1.7%▼
2022 · 67.7%
Debt ≤ 1 year
€8,229▲
2022 · €6,995
A ratio outside any meaningful range has been withheld (balance sheet total €980,284, equity €750,351).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €87,408 |
| Depreciation and write-downs of the year | €4,422 | €0 | - |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €0.6m | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.05m | €0.005m | €0.004m | €0 | - | - |
| Other operating charges640/8 | - | - | - | €0.008m | €0.005m | €0.002m | ▼ 63.9% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - |
| Gross operating margin9900 | €0.09m | -€0.02m | €1.0m | -€0.03m | €0.6m | -€0.01m | - |
| Operating profit (loss)9901 | €0.008m | -€0.08m | €0.8m | -€0.04m | €0.6m | -€0.02m | - |
| Financial income75/76B | - | - | - | €0 | - | - | - |
| Recurring financial income75 | €0.005m | €0.005m | €0.005m | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €154 | €0.001m | €47 | ▼ 95.7% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €154 | €0.001m | €47 | ▼ 95.7% |
| Profit (loss) for the period before taxes9903 | -€0.01m | -€0.09m | €0.8m | -€0.04m | €0.6m | -€0.02m | - |
| Transfer to deferred taxes680 | - | - | - | €0 | - | - | - |
| Income taxes67/77 | - | - | - | €0.003m | €0 | - | - |
| Profit (loss) for the period9904 | -€0.01m | -€0.09m | €0.5m | -€0.04m | €0.6m | -€0.02m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.01m | -€0.09m | -€0.1m | -€0.02m | €0.6m | -€0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.7m | €0.7m | €1.6m | €0.3m | €0.9m | €1.0m | ▲ 7.9% |
| Fixed assets21/28 | €0.4m | €0.3m | €0.06m | €0.06m | €0 | €0.09m | - |
| Tangible fixed assets22/27 | €0.4m | €0.3m | €0.06m | €0.06m | €0 | €0.09m | - |
| Land and buildings22 | - | - | - | €0.06m | €0 | €0.09m | - |
| Current assets29/58 | €0.4m | €0.4m | €1.5m | €0.2m | €0.9m | €0.9m | ▼ 1.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €1.4m | €0.1m | €0.1m | €0.1m | ▲ 5.2% |
| Trade receivables40 | - | - | - | €0.001m | €0.001m | €0.004m | ▲ 245% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | €0.1m | ▲ 2.7% |
| Cash at bank and in hand54/58 | €0.05m | €0.09m | €0.1m | €0.1m | €0.8m | €0.8m | ▼ 2.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €1.6m | €0.3m | €0.9m | €1.0m | ▲ 7.9% |
| Equity10/15 | -€0.3m | -€0.4m | €0.1m | €0.06m | €0.7m | €0.8m | ▲ 10.4% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | ▲ 2.1% |
| Contributions outside capital11 | - | - | - | €0.2m | €0.2m | - | - |
| Other1109/19 | - | - | - | €0.2m | €0.2m | - | - |
| Reserves13 | €0.07m | €0.07m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.3% |
| Non-distributable reserves130/1 | - | - | - | €7 | €7 | €0.002m | ▲ 284× |
| Reserves not available under the articles1311 | - | - | - | €7 | €7 | €0.002m | ▲ 284× |
| Tax-exempt reserves132 | - | - | - | €0.7m | €0.7m | €0.7m | = |
| Distributable reserves133 | - | - | - | €0.05m | €0.05m | €0.05m | ▲ 0.2% |
| Profit (loss) carried forward14 | -€0.6m | -€0.7m | -€0.8m | -€0.8m | -€0.2m | -€0.2m | ▲ 28.0% |
| Provisions and deferred taxes16 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Deferred taxes168 | - | - | - | €0.2m | €0.2m | €0.2m | = |
| Amounts payable17/49 | €1.1m | €1.2m | €1.2m | €0.01m | €0.007m | €0.008m | ▲ 17.6% |
| Amounts payable after more than one year17 | €0.6m | €0.6m | €0.6m | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €0.6m | €0.01m | €0.007m | €0.008m | ▲ 17.6% |
| Trade debts44 | €0.002m | €0.1m | €0.2m | €0.01m | €0.007m | €0.008m | ▲ 17.6% |
| Suppliers440/4 | - | - | - | €0.01m | €0.007m | €0.008m | ▲ 17.6% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,453 | -€92,066 | €530,073 | -€42,081 | €615,018 | -€16,606 | - |
| + Depreciation and write-downs630 | €72,621 | €53,258 | €5,246 | €4,422 | €0 | - | - |
| Operating cash flow (approximation) | €62,168 | -€38,808 | €535,319 | -€37,659 | €615,018 | -€16,606 | - |
| Investment in fixed assets (approximation) | - | -€2,987 | €258,833 | €0 | €58,476 | -€87,408 | - |
| Change in cash | - | €39,307 | €40,123 | €6,441 | €665,117 | -€20,830 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 22-07-2024 | 2024-00298283 | |
| 31-12-2022 | micro format | 18-07-2023 | 2023-00256423 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20380602 | |
| 31-12-2020 | abbreviated format | 23-07-2021 | 2021-39000596 | |
| 31-12-2019 | abbreviated format | 01-10-2020 | 2020-57800412 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-62300429 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-34600077 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-49900033 | |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-38200345 | |
| 31-12-2014 | abbreviated format | 21-08-2015 | 2015-45100542 |