Financials · financial year 2020, micro format
2021 annual accounts not yet filed, deadline passed on 31 July 2022 The financial year closed on 31 December 2021. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 5 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2020 filed on 30-06-2021 PDF all 28 filings
Turnover
≈ €130,000
Estimated: probably between €58,000 and €300,000
Total assets
€1.7m▲ 11.6%
2019 · €1.5m
Net result
-€14,145▲ 40.6%
2019 · -€23,794
Working capital
€19,345▼ 91.9%
2019 · €238,548
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
-€35,181
▼ 271%
2020
20182020
Net result
-€14,145
▲ 40.6%
2020
20182020
Equity
€573,445
▼ 2.4%
2020
20182020
Total assets
€1.7m
▲ 11.6%
2020
20182020
Debt
€989,284
▲ 29.7%
2020
20182020
Working capital
€19,345
▼ 91.9%
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result-€0.02m--€0.009m▲ 36.8%-€0.04m▼ 271%
Net result-€0.03m--€0.02m▲ 30.0%-€0.01m▲ 40.6%
Equity€0.6m-€0.6m▼ 3.9%€0.6m▼ 2.4%
Total assets€1.7m-€1.5m▼ 10.7%€1.7m▲ 11.6%
Debt€0.9m-€0.8m▼ 16.5%€1.0m▲ 29.7%
Working capital€0.4m-€0.2m▼ 38.0%€0.02m▼ 91.9%
The operating result for 2020 is a loss of €35,181, larger than the loss of €9,494 in 2019. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.6m ▲ 31.3%
Current assets
€27,897 ▼ 88.6%
Equity and liabilities €1.7m
Equity
€573,445 ▼ 2.4%
Provisions
€96,095 ▼ 29.4%
Debt
€989,284 ▲ 29.7%
Debt's share of the balance-sheet total rises from 51.3% to 59.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,671▼
2019 · €28,419
Cash flow
€36,708▲
2019 · €14,118
Current ratio
3.26▼
2019 · 38.56
Debt to equity
1.68▲
2019 · 1.26
ROE
-2.5%▲
2019 · -4.0%
ROA
-0.9%▲
2019 · -1.6%
Debt ≤ 1 year
€8,552▲
2019 · €6,351
Debt > 1 year
€963,617▲
2019 · €738,912
Income taxes
€0▼
2019 · €1
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,857 | €37,913 | €50,852 | ▲ 34.1% |
| Gross operating margin9900 | €22,713 | €29,287 | €16,539 | ▼ 43.5% |
| Operating profit (loss)9901 | -€15,012 | -€9,494 | -€35,181 | ▼ 271% |
| Recurring financial income75 | €122 | €5 | €1 | ▼ 80.8% |
| Recurring financial charges65 | €23,503 | €18,716 | €19,003 | ▲ 1.5% |
| Profit (loss) for the period before taxes9903 | -€38,393 | -€28,205 | -€54,183 | ▼ 92.1% |
| Income taxes67/77 | - | €1 | €0 | ▼ 87.8% |
| Profit (loss) for the period9904 | -€33,981 | -€23,794 | -€14,145 | ▲ 40.6% |
| Profit (loss) for the period to be appropriated9905 | -€23,477 | -€13,290 | -€39,267 | ▼ 195% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.7m | €1.5m | €1.7m | ▲ 11.6% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.6m | ▲ 31.3% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.6m | ▲ 31.3% |
| Current assets29/58 | €0.4m | €0.2m | €0.03m | ▼ 88.6% |
| Amounts receivable within one year40/41 | €137 | €18 | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.2m | €0.03m | ▼ 88.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.7m | €1.5m | €1.7m | ▲ 11.6% |
| Equity10/15 | €0.6m | €0.6m | €0.6m | ▼ 2.4% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | ▼ 2.7% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | ▼ 29.4% |
| Amounts payable17/49 | €0.9m | €0.8m | €1.0m | ▲ 29.7% |
| Amounts payable after more than one year17 | €0.9m | €0.7m | €1.0m | ▲ 30.4% |
| Amounts payable within one year42/48 | €0.007m | €0.006m | €0.009m | ▲ 34.7% |
| Trade debts44 | €0.001m | €278 | €0.002m | ▲ 755% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,981 | -€23,794 | -€14,145 | ▲ 40.6% |
| + Depreciation and write-downs630 | €36,857 | €37,913 | €50,852 | ▲ 34.1% |
| Operating cash flow (approximation) | €2,876 | €14,118 | €36,708 | ▲ 160% |
| Investment in fixed assets (approximation) | - | -€5,882 | -€440,000 | ▼ 7,380% |
| Change in cash | - | -€146,740 | -€216,984 | ▼ 47.9% |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 30-06-2021 | 2021-30900445 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37800536 | |
| 31-12-2018 | micro format | 18-06-2019 | 2019-20000110 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25800110 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-38300108 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-25700178 | |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-37700304 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-24400526 | |
| 31-12-2012 | abbreviated format | 28-06-2013 | 2013-23300384 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-51400477 |