New Westside
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed late (78 days) Filed on 17 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00487221.
Turnover
≈ €190,000
Estimated: probably between €120,000 and €240,000
Total assets
€80,080▼ 41.3%
2021 · €136,418
Net result
-€106,005
2021 · €23,886
Working capital
-€92,920
2021 · €15,611
Trend over the years
2018 to 2022, 5 financial years
The operating result turns negative in 2022: a loss of €100,710 after €28,244 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-€100,710
2022
Net result-€106,005
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€80,080
2022
Equity-€75,708
2022
Debt€155,788
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€92,920
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-132.4%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-94.5%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.37
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)8.5
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€12,425-€10,914▼ 12.2%-€19,448€28,244-€100,710
Net result€7,275-€5,800▼ 20.3%-€22,265below the sector's middle half€23,886within the sector's middle half-€106,005below the sector's middle half
Equity€22,875-€28,676▲ 25.4%€6,411within the sector's middle half▼ 77.6%€30,297within the sector's middle half▲ 373%-€75,708below the sector's middle half
Total assets€126,275-€143,478▲ 13.6%€130,114within the sector's middle half▼ 9.3%€136,418within the sector's middle half▲ 4.8%€80,080within the sector's middle half▼ 41.3%
Debt€103,400-€114,803▲ 11.0%€123,703▲ 7.8%€106,121▼ 14.2%€155,788▲ 46.8%
Working capital€32,809-€51,649▲ 57.4%€27,504within the sector's middle half▼ 46.7%€15,611within the sector's middle half▼ 43.2%-€92,920below the sector's middle half
Solvency18.1%-20.0%▲ 1.9pp4.9%within the sector's middle half▼ 15.1pp22.2%within the sector's middle half▲ 17.3pp-94.5%below the sector's middle half▼ 116.8pp
Current ratio1.63-1.80▲ 0.161.31within the sector's middle half▼ 0.491.17within the sector's middle half▼ 0.140.37below the sector's middle half▼ 0.80
Return on assets (ROA)5.8%-4.0%▼ 1.7pp-17.1%below the sector's middle half▼ 21.2pp17.5%within the sector's middle half▲ 34.6pp-132.4%below the sector's middle half▼ 149.9pp
Staff (FTE)1.1-2.2▲ 100%2.7within the sector's middle half▲ 22.7%5.3▲ 96.3%8.5▲ 60.4%
above
within
below
the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €80,080
Fixed assets
€24,788 ▼ 21.0%
Current assets
€55,292 ▼ 47.4%
Equity and liabilities
Equity-€75,708
Debt€155,788
Equity is negative: debt (€155,788) exceeds the balance-sheet total (€80,080).
Key figures and ratios
EBITDA
-€93,188▼
2021 · €33,541
Cash flow
-€98,483▼
2021 · €29,184
Quick ratio
0.36▼
2021 · 1.17
Interest coverage
-17.59▼
2021 · 8.07
Debt ≤ 1 year
€148,212▲
2021 · €89,445
Debt > 1 year
€0▼
2021 · €16,676
Income taxes
€0▼
2021 · €202
Staff costs
€105,911▲
2021 · €36,006
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €36,006 | €105,911 | ▲ 194% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,402 | €17,169 | €13,907 | €5,298 | €7,523 | ▲ 42.0% |
| Other operating charges640/8 | - | - | - | €11,705 | €30,828 | ▲ 163% |
| Non-recurring operating charges66A | - | - | - | €2,344 | €0 | ▼ 100% |
| Gross operating margin9900 | €174,444 | €127,851 | €88,170 | €83,596 | €43,552 | ▼ 47.9% |
| Operating profit (loss)9901 | €12,425 | €10,914 | -€19,448 | €28,244 | -€100,710 | - |
| Financial income75/76B | - | - | - | €0 | €1 | ▲ 33× |
| Recurring financial income75 | €30 | €1 | €0 | €0 | €1 | ▲ 33× |
| Financial charges65/66B | - | - | - | €4,156 | €5,296 | ▲ 27.5% |
| Recurring financial charges65 | €3,073 | €2,488 | €2,634 | €4,156 | €5,296 | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €9,381 | €8,428 | -€22,082 | €24,088 | -€106,005 | - |
| Income taxes67/77 | €2,106 | €2,628 | €182 | €202 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €7,275 | €5,800 | -€22,265 | €23,886 | -€106,005 | - |
| Profit (loss) for the period to be appropriated9905 | €7,275 | €5,800 | -€22,265 | €23,886 | -€106,005 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,275 | €143,478 | €130,114 | €136,418 | €80,080 | ▼ 41.3% |
| Fixed assets21/28 | €41,712 | €27,043 | €14,231 | €31,362 | €24,788 | ▼ 21.0% |
| Tangible fixed assets22/27 | €32,262 | €17,593 | €4,781 | €21,912 | €15,338 | ▼ 30.0% |
| Plant, machinery and equipment23 | - | - | - | €5,811 | €5,125 | ▼ 11.8% |
| Furniture and vehicles24 | - | - | - | €16,101 | €10,213 | ▼ 36.6% |
| Financial fixed assets28 | €9,450 | €9,450 | €9,450 | €9,450 | €9,450 | = |
| Current assets29/58 | €84,563 | €116,435 | €115,884 | €105,056 | €55,292 | ▼ 47.4% |
| Stocks and contracts in progress3 | €2,887 | €10,014 | €6,971 | €657 | €1,936 | ▲ 195% |
| Stocks30/36 | - | - | - | €657 | €1,936 | ▲ 195% |
| Amounts receivable within one year40/41 | €1,277 | €30,624 | €32,765 | €51,830 | €35,468 | ▼ 31.6% |
| Trade receivables40 | - | - | - | €18,986 | €1,242 | ▼ 93.5% |
| Other amounts receivable41 | - | - | - | €32,844 | €34,226 | ▲ 4.2% |
| Cash at bank and in hand54/58 | €80,399 | €75,797 | €75,322 | €40,849 | €2,735 | ▼ 93.3% |
| Deferred charges and accrued income490/1 | - | - | - | €11,720 | €15,152 | ▲ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,275 | €143,478 | €130,114 | €136,418 | €80,080 | ▼ 41.3% |
| Equity10/15 | €22,875 | €28,676 | €6,411 | €30,297 | -€75,708 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €214 | €504 | €504 | €504 | €504 | = |
| Non-distributable reserves130/1 | - | - | - | €504 | €504 | = |
| Reserves not available under the articles1311 | - | - | - | €504 | €504 | = |
| Profit (loss) carried forward14 | €4,062 | €9,572 | -€12,693 | €11,194 | -€94,812 | - |
| Amounts payable17/49 | €103,400 | €114,803 | €123,703 | €106,121 | €155,788 | ▲ 46.8% |
| Amounts payable after more than one year17 | €51,646 | €46,227 | €35,324 | €16,676 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €16,676 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €51,754 | €64,786 | €88,379 | €89,445 | €148,212 | ▲ 65.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,461 | €6,351 | ▼ 56.1% |
| Financial debts43 | - | - | - | €9,981 | €4,162 | ▼ 58.3% |
| Credit institutions430/8 | - | - | - | €9,981 | €4,162 | ▼ 58.3% |
| Trade debts44 | €9,689 | €26,903 | €17,797 | €6,401 | €39,276 | ▲ 514% |
| Suppliers440/4 | - | - | - | €6,401 | €39,276 | ▲ 514% |
| Advances received on contracts in progress46 | - | - | - | €1,354 | €1,354 | = |
| Taxes, remuneration and social security45 | - | - | - | €13,349 | €51,225 | ▲ 284% |
| Taxes450/3 | - | - | - | €5,854 | €25,301 | ▲ 332% |
| Remuneration and social security454/9 | - | - | - | €7,495 | €25,924 | ▲ 246% |
| Other amounts payable47/48 | - | - | - | €43,898 | €45,844 | ▲ 4.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €7,576 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,275 | €5,800 | -€22,265 | €23,886 | -€106,005 | - |
| + Depreciation and write-downs630 | €42,402 | €17,169 | €13,907 | €5,298 | €7,523 | ▲ 42.0% |
| Operating cash flow (approximation) | €49,678 | €22,970 | -€8,358 | €29,184 | -€98,483 | - |
| Investment in fixed assets (approximation) | - | -€2,500 | -€1,095 | -€22,429 | -€949 | ▲ 95.8% |
| Change in cash | - | -€4,601 | -€475 | -€34,473 | -€38,114 | ▼ 10.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 17-10-2023 | 2023-00487221 |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20454725 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62300307 |
| 31-12-2019 | micro format | 20-11-2020 | 2020-71400183 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56200141 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 13,716 active companies whose main activity is cafés and bars (NACE 56301), figures are known for 5,078. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.