O'POINT
Open bankruptcyFinancials · financial year 2021, micro format
Annual accounts 2021 filed on 30-06-2022 PDF all 13 filings
Equity
-€10,612
2020 · €2,493
Total assets
€20,969▼ 33.5%
2020 · €31,538
Net result
-€13,105
2020 · €22,611
Working capital
-€19,790▼ 182%
2020 · -€7,007
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€12,037
2021
20182021
Net result
-€13,105
2021
20182021
Equity
-€10,612
2021
20182021
Total assets
€20,969
▼ 33.5%
2021
20182021
Debt
€31,582
▲ 8.7%
2021
20182021
Working capital
-€19,790
▼ 182%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€22,372--€26,760€24,901-€12,037
Net result€21,654--€27,348€22,611-€13,105
Equity€7,229--€20,119€2,493-€10,612
Total assets€44,837-€26,998▼ 39.8%€31,538▲ 16.8%€20,969▼ 33.5%
Debt€37,608-€47,117▲ 25.3%€29,046▼ 38.4%€31,582▲ 8.7%
Working capital-€11,223--€34,544▼ 208%-€7,007▲ 79.7%-€19,790▼ 182%
The operating result for 2021 is a loss of €12,037, after a profit of €24,901 in 2020.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €20,969
Fixed assets
€9,178 ▼ 3.4%
Current assets
€11,792 ▼ 46.5%
Equity and liabilities
Equity-€10,612
Debt€31,582
Equity is negative. Debt (€31,582) exceeds the balance-sheet total (€20,969).
Key figures and ratios
EBITDA
-€8,714▼
2020 · €30,818
Cash flow
-€9,783▼
2020 · €28,528
Solvency
-50.6%▼
2020 · 7.9%
Current ratio
0.37▼
2020 · 0.76
ROA
-62.5%▼
2020 · 71.7%
Interest coverage
-6.77
Debt ≤ 1 year
€31,582▲
2020 · €29,046
Income taxes
€110▲
2020 · €109
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.
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €3,000 |
| Depreciation and write-downs of the year | €3,322 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,942 | €6,782 | €5,917 | €3,322 | ▼ 43.9% |
| Other operating charges640/8 | - | - | - | €302 | - |
| Gross operating margin9900 | €28,320 | -€19,739 | €30,818 | -€8,412 | - |
| Operating profit (loss)9901 | €22,372 | -€26,760 | €24,901 | -€12,037 | - |
| Financial income75/76B | - | - | - | €328 | - |
| Recurring financial income75 | €16 | €1,077 | €83 | €328 | ▲ 297% |
| Financial charges65/66B | - | - | - | €1,287 | - |
| Recurring financial charges65 | €680 | €1,555 | €2,264 | €1,287 | ▼ 43.1% |
| Profit (loss) for the period before taxes9903 | €21,708 | -€27,239 | €22,720 | -€12,995 | - |
| Income taxes67/77 | €54 | €109 | €109 | €110 | ▲ 0.7% |
| Profit (loss) for the period9904 | €21,654 | -€27,348 | €22,611 | -€13,105 | - |
| Profit (loss) for the period to be appropriated9905 | €21,654 | -€27,348 | €22,611 | -€13,105 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €44,837 | €26,998 | €31,538 | €20,969 | ▼ 33.5% |
| Fixed assets21/28 | €18,452 | €14,426 | €9,500 | €9,178 | ▼ 3.4% |
| Intangible fixed assets21 | €601 | - | - | - | - |
| Tangible fixed assets22/27 | €17,851 | €14,426 | €9,500 | €9,178 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | €8,457 | - |
| Furniture and vehicles24 | - | - | - | €721 | - |
| Current assets29/58 | €26,385 | €12,572 | €22,039 | €11,792 | ▼ 46.5% |
| Amounts receivable within one year40/41 | €14,807 | €12,562 | €12,013 | €11,782 | ▼ 1.9% |
| Other amounts receivable41 | - | - | - | €11,782 | - |
| Cash at bank and in hand54/58 | €11,579 | €10 | €10,025 | €10 | ▼ 99.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €44,837 | €26,998 | €31,538 | €20,969 | ▼ 33.5% |
| Equity10/15 | €7,229 | -€20,119 | €2,493 | -€10,612 | - |
| Contributions10/11 | €12,500 | €12,500 | - | €12,500 | - |
| Reserves13 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Non-distributable reserves130/1 | - | - | - | €1,875 | - |
| Reserves not available under the articles1311 | - | - | - | €1,875 | - |
| Profit (loss) carried forward14 | -€7,146 | -€34,494 | -€11,882 | -€24,987 | ▼ 110% |
| Amounts payable17/49 | €37,608 | €47,117 | €29,046 | €31,582 | ▲ 8.7% |
| Amounts payable within one year42/48 | €37,608 | €47,117 | €29,046 | €31,582 | ▲ 8.7% |
| Financial debts43 | - | - | - | €19,903 | - |
| Credit institutions430/8 | - | - | - | €19,903 | - |
| Trade debts44 | €372 | - | €444 | €437 | ▼ 1.6% |
| Suppliers440/4 | - | - | - | €437 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,080 | - |
| Taxes450/3 | - | - | - | €4,080 | - |
| Other amounts payable47/48 | - | - | - | €7,162 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,654 | -€27,348 | €22,611 | -€13,105 | - |
| + Depreciation and write-downs630 | €5,942 | €6,782 | €5,917 | €3,322 | ▼ 43.9% |
| Operating cash flow (approximation) | €27,595 | -€20,566 | €28,528 | -€9,783 | - |
| Investment in fixed assets (approximation) | - | -€2,756 | -€991 | -€3,000 | ▼ 203% |
| Change in cash | - | -€11,568 | €10,015 | -€10,015 | - |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 30-06-2022 | 2022-20113369 | |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33700336 | |
| 31-12-2019 | micro format | 14-07-2020 | 2020-30000462 | |
| 31-12-2018 | micro format | 24-07-2019 | 2019-38200258 | |
| 31-12-2017 | micro format | 06-08-2018 | 2018-44200599 | |
| 31-12-2016 | micro format | 02-08-2017 | 2017-40800590 | |
| 31-12-2015 | full format | 28-07-2016 | 2016-37400076 | |
| 31-12-2014 | full format | 11-08-2015 | 2015-41600259 | |
| 31-12-2013 | full format | 04-08-2014 | 2014-40000076 | |
| 31-12-2012 | full format | 17-07-2013 | 2013-32100259 |