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Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 25-04-2024 PDF all 16 filings
Turnover
≈ €95,000
Estimated: probably between €46,000 and €190,000
Total assets
€363,430▲ 1.8%
2022 · €356,912
Net result
-€20,396
2022 · €4,198
Working capital
-€349,807▲ 8.2%
2022 · -€380,889
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
-€15,254
2023
20192023
Net result
-€20,396
2023
lowest quarter of the sector
20192023
Equity
-€101,733
▼ 25.1%
2023
lowest quarter of the sector
20192023
Total assets
€363,430
▲ 1.8%
2023
middle half of the sector
20192023
Debt
€465,163
▲ 6.1%
2023
20192023
Working capital
-€349,807
▲ 8.2%
2023
lowest quarter of the sector
20192023
Solvency
-28.0%
▼ 5.2pp
2023
lowest quarter of the sector
20192023
Current ratio
0.00
=
2023
lowest quarter of the sector
20192023
Return on assets (ROA)
-5.6%
▼ 6.8pp
2023
lowest quarter of the sector
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€11,064--€12,892▼ 16.5%€2,488€7,996▲ 221%-€15,254
Net result-€16,843--€18,593below the sector's middle half▼ 10.4%-€2,277below the sector's middle half▲ 87.8%€4,198within the sector's middle half-€20,396below the sector's middle half
Equity-€64,666--€83,258below the sector's middle half▼ 28.8%-€85,536below the sector's middle half▼ 2.7%-€81,338below the sector's middle half▲ 4.9%-€101,733below the sector's middle half▼ 25.1%
Total assets€353,702-€336,580within the sector's middle half▼ 4.8%€329,870within the sector's middle half▼ 2.0%€356,912within the sector's middle half▲ 8.2%€363,430within the sector's middle half▲ 1.8%
Debt€418,368-€419,838▲ 0.4%€415,406▼ 1.1%€438,250▲ 5.5%€465,163▲ 6.1%
Working capital-€327,574--€336,602below the sector's middle half▼ 2.8%-€336,481below the sector's middle half=-€380,889below the sector's middle half▼ 13.2%-€349,807below the sector's middle half▲ 8.2%
Solvency-18.3%--24.7%below the sector's middle half▼ 6.5pp-25.9%below the sector's middle half▼ 1.2pp-22.8%below the sector's middle half▲ 3.1pp-28.0%below the sector's middle half▼ 5.2pp
Current ratio0.00-0.00below the sector's middle half=0.03below the sector's middle half▲ 0.020.01below the sector's middle half▼ 0.020.00below the sector's middle half=
Return on assets (ROA)-4.8%--5.5%below the sector's middle half▼ 0.8pp-0.7%below the sector's middle half▲ 4.8pp1.2%below the sector's middle half▲ 1.9pp-5.6%below the sector's middle half▼ 6.8pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €15,254, after a profit of €7,996 in 2022. It is the lowest result since 2019.
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
2023 in colour, 2022 as the grey bar beneath
Assets €363,430
Fixed assets
€363,013 ▲ 2.3%
Current assets
€417 ▼ 78.4%
Equity and liabilities
Equity-€101,733
Debt€465,163
Equity is negative. Debt (€465,163) exceeds the balance-sheet total (€363,430).
Key figures and ratios
EBITDA
€10,241▼
2022 · €34,898
Cash flow
€5,099▼
2022 · €31,100
Interest coverage
2.01▼
2022 · 9.32
Debt ≤ 1 year
€350,224▼
2022 · €382,821
Debt > 1 year
€114,939▲
2022 · €55,429
Income taxes
€49▼
2022 · €52
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 0 | 0 | 0 |
| full-time | 0 | 0 | 0 |
| in full-time equivalents | 0 | 0 | 0 |
| On a permanent contract | 0 | 0 | 0 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Tangible fixed assets | €2,627 | €62,054 | €84,101 |
| Depreciation and write-downs of the year | €17,831 | €26,902 | €25,495 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,758 | €17,758 | €17,831 | €26,902 | €25,495 | ▼ 5.2% |
| Other operating charges640/8 | - | - | €1,953 | €4,206 | €10,167 | ▲ 142% |
| Gross operating margin9900 | €9,130 | €6,798 | €22,272 | €39,104 | €20,408 | ▼ 47.8% |
| Operating profit (loss)9901 | -€11,064 | -€12,892 | €2,488 | €7,996 | -€15,254 | - |
| Financial charges65/66B | - | - | €4,765 | €3,746 | €5,093 | ▲ 35.9% |
| Recurring financial charges65 | €5,779 | €5,701 | €4,765 | €3,746 | €5,093 | ▲ 35.9% |
| Profit (loss) for the period before taxes9903 | -€16,843 | -€18,593 | -€2,277 | €4,250 | -€20,347 | - |
| Income taxes67/77 | - | - | - | €52 | €49 | ▼ 5.6% |
| Profit (loss) for the period9904 | -€16,843 | -€18,593 | -€2,277 | €4,198 | -€20,396 | - |
| Profit (loss) for the period to be appropriated9905 | -€16,843 | -€18,593 | -€2,277 | €4,198 | -€20,396 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €353,702 | €336,580 | €329,870 | €356,912 | €363,430 | ▲ 1.8% |
| Fixed assets21/28 | €352,791 | €335,033 | €319,829 | €354,981 | €363,013 | ▲ 2.3% |
| Tangible fixed assets22/27 | €253,048 | €235,291 | €220,086 | €255,239 | €263,270 | ▲ 3.1% |
| Furniture and vehicles24 | - | - | €2,554 | €55,464 | €81,253 | ▲ 46.5% |
| Leasing and similar rights25 | - | - | €217,533 | €199,775 | €182,017 | ▼ 8.9% |
| Financial fixed assets28 | €99,742 | €99,742 | €99,742 | €99,742 | €99,742 | = |
| Current assets29/58 | €912 | €1,547 | €10,042 | €1,931 | €417 | ▼ 78.4% |
| Amounts receivable within one year40/41 | €303 | €0 | €5,000 | €346 | €415 | ▲ 19.8% |
| Trade receivables40 | - | - | €5,000 | €0 | €0 | - |
| Other amounts receivable41 | - | - | €0 | €346 | €415 | ▲ 19.8% |
| Current investments50/53 | €0 | - | €2 | €2 | €2 | = |
| Cash at bank and in hand54/58 | €609 | - | €5,040 | €1,583 | - | - |
| Deferred charges and accrued income490/1 | - | - | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €353,702 | €336,580 | €329,870 | €356,912 | €363,430 | ▲ 1.8% |
| Equity10/15 | -€64,666 | -€83,258 | -€85,536 | -€81,338 | -€101,733 | ▼ 25.1% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €19,467 | €19,467 | €19,467 | €19,467 | €19,467 | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | €17,467 | €17,467 | €17,467 | = |
| Profit (loss) carried forward14 | -€104,133 | -€122,726 | -€125,003 | -€120,805 | -€141,201 | ▼ 16.9% |
| Amounts payable17/49 | €418,368 | €419,838 | €415,406 | €438,250 | €465,163 | ▲ 6.1% |
| Amounts payable after more than one year17 | €89,882 | €81,689 | €68,884 | €55,429 | €114,939 | ▲ 107% |
| Financial debts170/4 | - | - | €68,884 | €55,429 | €114,939 | ▲ 107% |
| Amounts payable within one year42/48 | €328,486 | €338,149 | €346,523 | €382,821 | €350,224 | ▼ 8.5% |
| Current portion of amounts payable after more than one year42 | - | - | €12,806 | €14,546 | €31,421 | ▲ 116% |
| Financial debts43 | - | - | - | - | €5,199 | - |
| Credit institutions430/8 | - | - | - | - | €5,199 | - |
| Trade debts44 | €760 | €3,081 | €4,365 | €77 | €3,837 | ▲ 50× |
| Suppliers440/4 | - | - | €4,365 | €77 | €3,837 | ▲ 50× |
| Advances received on contracts in progress46 | - | - | €5,717 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €1,933 | €869 | €8,635 | ▲ 894% |
| Taxes450/3 | - | - | €1,933 | €869 | €8,635 | ▲ 894% |
| Other amounts payable47/48 | - | - | €321,702 | €367,330 | €301,132 | ▼ 18.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,843 | -€18,593 | -€2,277 | €4,198 | -€20,396 | - |
| + Depreciation and write-downs630 | €17,758 | €17,758 | €17,831 | €26,902 | €25,495 | ▼ 5.2% |
| Operating cash flow (approximation) | €915 | -€835 | €15,553 | €31,100 | €5,099 | ▼ 83.6% |
| Investment in fixed assets (approximation) | - | €0 | -€2,627 | -€62,054 | -€33,526 | ▲ 46.0% |
| Change in cash | - | - | - | -€3,457 | - | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 25-04-2024 | 2024-00072938 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00071198 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20018556 | |
| 30-09-2020 | micro format | 27-04-2021 | 2021-11700476 | |
| 30-09-2019 | micro format | 29-05-2020 | 2020-13700409 | |
| 30-09-2018 | micro format | 27-05-2019 | 2019-14800279 | |
| 30-09-2017 | micro format | 28-03-2018 | 2018-08400521 | |
| 30-09-2016 | full format | 30-03-2017 | 2017-08000481 | |
| 30-09-2014 | full format | 25-03-2015 | 2015-07600283 | |
| 30-09-2013 | full format | 30-04-2014 | 2014-11100498 |