ODIT
InactiveFinancials · financial year 2023, abbreviated format
2023 annual accounts filed late (20 days) Filed on 20 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00352440.
Equity
-€245,259
2022 · €60,188
Total assets
€307,201▼ 47.9%
2022 · €589,146
Net result
-€305,447▼ 1,425%
2022 · -€20,030
Working capital
-€310,176▼ 479%
2022 · -€53,611
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €89,416 in 2023 against €12,299 in 2022; the loss grows and 2023 has 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-€89,416
2023
Net result-€305,447
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€307,201
2023
Equity-€245,259
2023
Debt€552,460
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€310,176
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)5.2
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€536-€15,141€31,455▲ 108%€15,013▼ 52.3%-€12,299-€89,416▼ 627%
Net result-€8,378-€5,232€20,993▲ 301%-€806-€20,030▼ 2,385%-€305,447▼ 1,425%
Equity€54,798-€60,030▲ 9.5%€81,024▲ 35.0%€80,218▼ 1.0%€60,188▼ 25.0%-€245,259
Total assets€639,956-€702,258▲ 9.7%€648,289▼ 7.7%€615,461▼ 5.1%€589,146▼ 4.3%€307,201▼ 47.9%
Debt€585,158-€642,227▲ 9.8%€567,266▼ 11.7%€535,244▼ 5.6%€528,958▼ 1.2%€552,460▲ 4.4%
Working capital-€92,152-€13,046-€17,189-€20,258▼ 17.9%-€53,611▼ 165%-€310,176▼ 479%
Staff (FTE)7.7-7.7=6.1▼ 20.8%5.8▼ 4.9%5.8=5.2▼ 10.3%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €307,201
Fixed assets
€69,655 ▼ 38.8%
Current assets
€237,545 ▼ 50.0%
Equity and liabilities
Equity-€245,259
Debt€552,460
Equity is negative: debt (€552,460) exceeds the balance-sheet total (€307,201).
Key figures and ratios
EBITDA
-€24,758▼
2022 · €32,762
Cash flow
-€240,789▼
2022 · €25,031
Solvency
-79.8%▼
2022 · 10.2%
Current ratio
0.43▼
2022 · 0.90
Quick ratio
0.33▼
2022 · 0.68
ROA
-99.4%▼
2022 · -3.4%
Interest coverage
-2.01▼
2022 · 5.02
Debt ≤ 1 year
€547,721▲
2022 · €528,958
Income taxes
€832▼
2022 · €1,254
Staff costs
€433,120▼
2022 · €447,678
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €435,232 | €447,678 | €433,120 | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,522 | €58,738 | €30,591 | €43,768 | €45,061 | €64,657 | ▲ 43.5% |
| Other operating charges640/8 | - | - | - | €11,249 | €15,668 | €14,874 | ▼ 5.1% |
| Gross operating margin9900 | €562,408 | €599,680 | €508,701 | €505,263 | €496,108 | €423,236 | ▼ 14.7% |
| Operating profit (loss)9901 | -€536 | €15,141 | €31,455 | €15,013 | -€12,299 | -€89,416 | ▼ 627% |
| Financial income75/76B | - | - | - | €75 | €49 | €94 | ▲ 89.5% |
| Recurring financial income75 | €178 | €25 | €1,409 | €75 | €49 | €94 | ▲ 89.5% |
| Financial charges65/66B | - | - | - | €7,817 | €6,526 | €215,292 | ▲ 3,199% |
| Recurring financial charges65 | €8,020 | €8,434 | €10,685 | €7,817 | €6,526 | €12,326 | ▲ 88.9% |
| Non-recurring financial charges66B | - | - | - | - | - | €202,967 | - |
| Profit (loss) for the period before taxes9903 | -€8,378 | €6,733 | €22,179 | €7,272 | -€18,776 | -€304,614 | ▼ 1,522% |
| Income taxes67/77 | - | €1,501 | €1,186 | €8,078 | €1,254 | €832 | ▼ 33.6% |
| Profit (loss) for the period9904 | -€8,378 | €5,232 | €20,993 | -€806 | -€20,030 | -€305,447 | ▼ 1,425% |
| Transfer from tax-exempt reserves789 | - | - | - | €336 | €336 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€8,042 | €5,568 | €21,330 | -€470 | -€19,694 | -€305,447 | ▼ 1,451% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €639,956 | €702,258 | €648,289 | €615,461 | €589,146 | €307,201 | ▼ 47.9% |
| Fixed assets21/28 | €152,146 | €105,598 | €131,819 | €115,033 | €113,799 | €69,655 | ▼ 38.8% |
| Intangible fixed assets21 | €104,675 | €66,016 | €49,680 | €43,199 | €58,176 | €33,356 | ▼ 42.7% |
| Tangible fixed assets22/27 | €24,162 | €17,582 | €60,138 | €49,834 | €33,623 | €14,299 | ▼ 57.5% |
| Plant, machinery and equipment23 | - | - | - | €43,584 | €28,052 | €9,407 | ▼ 66.5% |
| Furniture and vehicles24 | - | - | - | €6,250 | €5,571 | €4,892 | ▼ 12.2% |
| Financial fixed assets28 | €23,310 | €22,000 | €22,000 | €22,000 | €22,000 | €22,000 | = |
| Current assets29/58 | €487,810 | €596,659 | €516,471 | €500,429 | €475,347 | €237,545 | ▼ 50.0% |
| Stocks and contracts in progress3 | €45,256 | €59,923 | €59,923 | €89,449 | €118,268 | €54,611 | ▼ 53.8% |
| Stocks30/36 | - | - | - | €59,923 | €60,197 | €54,611 | ▼ 9.3% |
| Contracts in progress37 | - | - | - | €29,526 | €58,072 | - | - |
| Amounts receivable within one year40/41 | €202,709 | €283,091 | €237,184 | €216,809 | €161,867 | €119,290 | ▼ 26.3% |
| Trade receivables40 | - | - | - | €216,809 | €161,867 | €119,290 | ▼ 26.3% |
| Cash at bank and in hand54/58 | €90,785 | €61,478 | €48,406 | €61,701 | €64,162 | €63,645 | ▼ 0.8% |
| Deferred charges and accrued income490/1 | - | - | - | €132,470 | €131,050 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €639,956 | €702,258 | €648,289 | €615,461 | €589,146 | €307,201 | ▼ 47.9% |
| Equity10/15 | €54,798 | €60,030 | €81,024 | €80,218 | €60,188 | -€245,259 | - |
| Contributions10/11 | €120,000 | €120,000 | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Capital10 | - | - | - | €120,000 | €120,000 | €120,000 | = |
| Issued capital100 | - | - | - | €120,000 | €120,000 | €120,000 | = |
| Reserves13 | €14,352 | €14,016 | €13,680 | €13,344 | €13,008 | €13,008 | = |
| Non-distributable reserves130/1 | - | - | - | €12,000 | €12,000 | €12,000 | = |
| Legal reserve130 | - | - | - | €12,000 | €12,000 | €12,000 | = |
| Tax-exempt reserves132 | - | - | - | €1,344 | €1,008 | €1,008 | = |
| Profit (loss) carried forward14 | -€79,554 | -€73,986 | -€52,657 | -€53,127 | -€72,820 | -€378,267 | ▼ 419% |
| Amounts payable17/49 | €585,158 | €642,227 | €567,266 | €535,244 | €528,958 | €552,460 | ▲ 4.4% |
| Amounts payable after more than one year17 | €5,197 | €53,783 | €33,606 | €14,557 | €0 | - | - |
| Financial debts170/4 | - | - | - | €14,557 | €0 | - | - |
| Amounts payable within one year42/48 | €579,962 | €583,614 | €533,660 | €520,687 | €528,958 | €547,721 | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €49,049 | €44,557 | €35,564 | ▼ 20.2% |
| Financial debts43 | - | - | - | €165,000 | €165,000 | €165,000 | = |
| Credit institutions430/8 | - | - | - | €165,000 | €165,000 | €165,000 | = |
| Trade debts44 | €200,554 | €163,221 | €140,359 | €117,327 | €125,771 | €144,295 | ▲ 14.7% |
| Suppliers440/4 | - | - | - | €117,327 | €125,771 | €144,295 | ▲ 14.7% |
| Taxes, remuneration and social security45 | - | - | - | €71,241 | €79,616 | €58,862 | ▼ 26.1% |
| Taxes450/3 | - | - | - | €22,971 | €29,602 | €15,161 | ▼ 48.8% |
| Remuneration and social security454/9 | - | - | - | €48,271 | €50,014 | €43,701 | ▼ 12.6% |
| Other amounts payable47/48 | - | - | - | €118,069 | €114,014 | €144,000 | ▲ 26.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €4,739 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,378 | €5,232 | €20,993 | -€806 | -€20,030 | -€305,447 | ▼ 1,425% |
| + Depreciation and write-downs630 | €63,522 | €58,738 | €30,591 | €43,768 | €45,061 | €64,657 | ▲ 43.5% |
| Operating cash flow (approximation) | €55,144 | €63,970 | €51,585 | €42,962 | €25,031 | -€240,789 | - |
| Investment in fixed assets (approximation) | - | -€12,190 | -€56,811 | -€26,983 | -€43,827 | -€20,514 | ▲ 53.2% |
| Change in cash | - | -€29,307 | -€13,072 | €13,295 | €2,462 | -€517 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 20-08-2024 | 2024-00352440 |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00181970 |
| 31-12-2021 | abbreviated format | 07-07-2022 | 2022-20156956 |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-28800011 |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-24900465 |
| 31-12-2018 | abbreviated format | 14-06-2019 | 2019-18800074 |
| 31-12-2017 | abbreviated format | 28-05-2018 | 2018-14300357 |
| 31-12-2016 | abbreviated format | 16-06-2017 | 2017-18200398 |
| 30-06-2015 | abbreviated format | 06-01-2016 | 2016-00900085 |
| 30-06-2014 | abbreviated format | 18-01-2015 | 2015-01900434 |
Subsidies and aid
Flemish government
2023 · 1 entry · €36 awarded · €36 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.