OPENMOTICS
Annual accounts 2022
abbreviated format, filed on 21-03-2023, 121 days before the deadlineGross margin
€3.7m
▲ €3.9m
Operating result
€3.3m
▲ €4.0m
Profit
€3.1m
▲ €3.8m
Working capital
€0
▼ 100%
Solvency
0.0%
▼ 14.2 percentage points
Current ratio
1.00
▼ 1.46
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €6.4m. Estimated: probably between €4.3m and €11.0m.
Balance sheet
balance sheet total €3.3m on 20-12-2022What the company ownsHow it is paid for
Change in equityin €m
Change in cashin €m
Staff
Staff cost per FTE€60,036
Staff costs divided by the average number of full-time equivalents.
Joined and left+2
Training hours in 2022: 462.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
Total assets20/58 |
3.3m | 1.2m | 1.3m | 1.1m | 298,476 | 42,804 | 22,582 | 22,176 | 30,014 | 13,652 | |
Fixed assets21/28 |
0 | 634,766 | 20,637 | 21,091 | 15,225 | 1,740 | 72 | 155 | 237 | 320 | |
Intangible fixed assets21 |
0 | 619,875 | 3,600 | 4,800 | - | - | - | - | - | - | |
Tangible fixed assets22/27 |
0 | 11,491 | 13,637 | 12,891 | 11,825 | - | 72 | 155 | 237 | 320 | |
Furniture and vehicles24 |
0 | 11,491 | 13,637 | 12,891 | 11,825 | - | 72 | 155 | 237 | 320 | |
Financial fixed assets28 |
0 | 3,400 | 3,400 | 3,400 | 3,400 | 1,740 | - | - | - | - | |
Current assets29/58 |
3.3m | 593,426 | 1.3m | 1.1m | 283,251 | 41,064 | 22,510 | 22,021 | 29,777 | 13,332 | |
Stocks and contracts in progress3 |
0 | 113,289 | 44,619 | 91,896 | 47,581 | 10,828 | 9,165 | 10,857 | 14,796 | 9,080 | |
Stocks30/36 |
0 | 113,289 | 44,619 | 91,896 | 47,581 | 10,828 | 9,165 | 10,857 | 14,796 | 9,080 | |
Amounts receivable within one year40/41 |
155,247 | 452,000 | 482,569 | 552,411 | 94,512 | 17,770 | 5,243 | 4,008 | 7,252 | 3,028 | |
Trade receivables40 |
0 | 219,863 | 232,949 | 151,941 | 71,640 | 11,161 | 5,243 | 1,432 | 5,602 | 887 | |
Other amounts receivable41 |
155,247 | 232,136 | 249,620 | 400,470 | 22,873 | 6,609 | - | 2,576 | 1,650 | 2,141 | |
Current investments50/53 |
5 | 4,637 | 28,060 | - | - | - | - | - | - | - | |
Cash at bank and in hand54/58 |
3.1m | 18,920 | 708,629 | 424,133 | 141,158 | 12,466 | 7,277 | 7,156 | 7,729 | 1,224 | |
Deferred charges and accrued income490/1 |
0 | 4,580 | 3,963 | 2,687 | - | - | 826 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
Total equity and liabilities10/49 |
3.3m | 1.2m | 1.3m | 1.1m | 298,476 | 42,804 | 22,582 | 22,176 | 30,014 | 13,652 | |
Equity10/15 |
0 | 173,792 | 860,236 | -598,508 | 172,361 | 21,511 | 15,223 | 17,045 | 20,682 | 10,879 | |
Contributions10/11 |
0 | 3.0m | 3.0m | 518,600 | 518,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
Issued capital100 |
- | - | - | 518,600 | 518,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
Reserves13 |
0 | 2,911 | 2,911 | 2,911 | 2,911 | 2,911 | 2,082 | 2,082 | 2,082 | - | |
Non-distributable reserves130/1 |
0 | 1,319 | 1,319 | - | - | - | - | - | - | - | |
Legal reserve130 |
- | - | - | 1,319 | 1,319 | 1,319 | 490 | 490 | 490 | - | |
Reserves not available under the articles1311 |
0 | 1,319 | 1,319 | - | - | - | - | - | - | - | |
Distributable reserves133 |
0 | 1,592 | 1,592 | 1,592 | 1,592 | 1,592 | 1,592 | 1,592 | 1,592 | - | |
Profit (loss) carried forward14 |
0 | -2.8m | -2.2m | -1.1m | -349,150 | - | -5,458 | -3,637 | - | -7,721 | |
Amounts payable17/49 |
3.3m | 1.1m | 428,240 | 1.7m | 126,116 | 21,293 | 7,358 | 5,131 | 9,332 | 2,773 | |
Amounts payable after more than one year17 |
0 | 650,000 | 0 | 1.0m | - | - | - | - | - | - | |
Financial debts170/4 |
0 | 650,000 | 0 | 1.0m | - | - | - | - | - | - | |
Amounts payable within one year42/48 |
3.3m | 241,669 | 170,764 | 249,559 | 126,116 | 21,293 | 7,358 | 5,131 | 9,332 | 2,773 | |
Financial debts43 |
0 | 4,931 | 2,289 | - | - | - | - | - | 2,500 | - | |
Credit institutions430/8 |
0 | 4,931 | 2,289 | - | - | - | - | - | - | - | |
Other loans439 |
- | - | - | - | - | - | - | - | 2,500 | - | |
Trade debts44 |
0 | 162,949 | 106,725 | 219,103 | 117,562 | 7,255 | 4,294 | 2,371 | 2,633 | 233 | |
Suppliers440/4 |
0 | 162,949 | 106,725 | 219,103 | 117,562 | 7,255 | 4,294 | 2,371 | 2,633 | 233 | |
Taxes, remuneration and social security45 |
0 | 73,789 | 58,937 | 27,645 | 5,444 | 429 | 304 | - | 1,203 | - | |
Taxes450/3 |
0 | 593 | 889 | 3,265 | 1,113 | 429 | 304 | - | 1,203 | - | |
Remuneration and social security454/9 |
0 | 73,196 | 58,049 | 24,380 | 4,331 | - | - | - | - | - | |
Other amounts payable47/48 |
3.3m | 0 | 2,812 | 2,812 | 3,110 | 13,610 | 2,760 | 2,760 | 2,996 | 2,540 | |
Accrued charges and deferred income492/3 |
0 | 162,731 | 257,477 | 441,166 | - | - | - | - | - | - | |
| Income statement | |||||||||||
Non-recurring operating income76A |
3.7m | - | - | - | - | - | - | - | - | - | |
Gross operating margin9900 |
3.7m | -142,126 | -670,803 | -594,087 | -314,948 | 8,064 | -573 | -2,442 | 11,737 | -6,593 | |
Remuneration, social security and pensions62 |
450,274 | 532,635 | 349,137 | 159,497 | 29,384 | - | - | - | - | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
0 | 9,109 | 8,235 | 6,899 | 3,663 | 72 | 82 | 82 | 83 | 92 | |
Other operating charges640/8 |
172 | 1,067 | 524 | 2,264 | 1,757 | 498 | 498 | 625 | 475 | 1,014 | |
Operating profit (loss)9901 |
3.3m | -684,938 | -1.0m | -762,747 | -349,752 | 7,494 | -1,153 | -3,149 | 11,179 | -7,699 | |
Financial income75/76B |
4 | 3,514 | 2,235 | 797 | 2,327 | 73 | 331 | 6 | 8 | 50 | |
Recurring financial income75 |
4 | 3,514 | 2,235 | 797 | 2,327 | 73 | 331 | 6 | 8 | 50 | |
Financial charges65/66B |
13,151 | 4,277 | 14,230 | 8,588 | 1,725 | 852 | 1,000 | 493 | 179 | 72 | |
Recurring financial charges65 |
13,151 | 4,277 | 14,230 | 8,588 | 1,725 | 852 | 1,000 | 493 | 179 | 72 | |
Profit (loss) for the period before taxes9903 |
3.3m | -685,701 | -1.0m | -770,538 | -349,150 | 6,716 | -1,822 | -3,636 | 11,008 | -7,721 | |
Income taxes67/77 |
169,343 | 742 | 563 | 331 | - | 429 | 0 | 1 | 1,205 | - | |
Profit (loss) for the period9904 |
3.1m | -686,443 | -1.0m | -770,869 | -349,150 | 6,287 | -1,822 | -3,637 | 9,803 | -7,721 | |
Profit (loss) for the period to be appropriated9905 |
3.1m | -686,443 | -1.0m | -770,869 | -349,150 | 6,287 | -1,822 | -3,637 | 9,803 | -7,721 | |
| Appropriation of the result | |||||||||||
Profit (loss) to be appropriated9906 |
247,551 | -2.8m | -2.2m | -1.1m | -349,150 | 829 | -5,458 | -3,637 | 2,082 | -7,721 | |
Profit (loss) brought forward from the previous period14P |
-2.8m | -2.2m | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
- | - | - | - | - | 829 | - | - | 2,082 | - | |
To the legal reserve6920 |
- | - | - | - | - | 829 | - | - | 490 | - | |
To other reserves6921 |
- | - | - | - | - | - | - | - | 1,592 | - | |
Profit to be distributed694/7 |
247,551 | - | - | - | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
247,551 | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||
Average staff (FTE)9087 |
7.5 | 8.7 | 6 | 2.1 | 0.5 | - | - | - | - | - | |
Hours worked1013 |
13,118 | 14,717 | 10,247 | 3,832 | 919 | - | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2022 (PDF), filed on 21-03-2023.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 20-12-2022 | abbreviated format | 21-03-2023 | 2023-00042385 | |
| 31-12-2021 | abbreviated format | 30-09-2022 | 2022-20442753 | |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-55300320 | |
| 31-12-2019 | abbreviated format | 26-08-2020 | 2020-44800262 | |
| 31-12-2018 | abbreviated format | 18-07-2019 | 2019-34300265 | |
| 31-12-2017 | micro format | 14-06-2018 | 2018-18700469 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-53800318 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-50900125 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-57400238 | |
| 31-12-2013 | abbreviated format | 27-08-2014 | 2014-48100263 |
Subsidies and aid
European Union 1 project, €369,202 EU contribution
Projects
- Interoperable Solutions Connecting Smart Homes, Buildings and GridsHorizon 2020, participant, 01-10-2019 to 31-03-2024, €369,202, InterConnect
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 3.3m | -675,829 | -1.0m | -755,848 | -346,088 | 7,567 | -1,070 | -3,067 | 11,262 | -7,607 | |
| Cash flow | 3.1m | -677,334 | -1.0m | -763,970 | -345,486 | 6,359 | -1,739 | -3,555 | 9,886 | -7,629 | |
| Investment in fixed assets (approximation) | -634,766 | 623,238 | 7,781 | 12,764 | 17,149 | 1,740 | -0 | 0 | 0 | 412 | |
| Change in cash | 3.1m | -689,709 | 284,496 | 282,975 | 128,692 | 5,189 | 121 | -573 | 6,505 | - | |
| Working capital | 0 | 351,757 | 1.1m | 821,568 | 157,136 | 19,771 | 15,151 | 16,890 | 20,445 | 10,559 | |
| Solvency | 0.0% | 14.2% | 66.8% | -54.8% | 57.7% | 50.3% | 67.4% | 76.9% | 68.9% | 79.7% | |
| Current ratio | 1.00 | 2.46 | 7.42 | 4.29 | 2.25 | 1.93 | 3.06 | 4.29 | 3.19 | 4.81 | |
| Quick ratio | 1.00 | 1.99 | 7.16 | 3.92 | 1.87 | 1.42 | 1.81 | 2.18 | 1.61 | 1.53 | |
| Debt to equity | - | 6.07 | 0.50 | - | 0.73 | 0.99 | 0.48 | 0.30 | 0.45 | 0.25 | |
| ROE | - | -395.0% | -121.0% | - | -202.6% | 29.2% | -12.0% | -21.3% | 47.4% | -71.0% | |
| ROA | 94.7% | -55.9% | -80.8% | -70.6% | -117.0% | 14.7% | -8.1% | -16.4% | 32.7% | -56.6% | |
| Interest coverage | over 100 | -158.01 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 20-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | 10 | 10 |
| full-time | 10 | 10 |
| part-time | 0 | 0 |
| in full-time equivalents | 10 | 10 |
| Average over the year, in full-time equivalents | 7.5 | 8.7 |
| On a permanent contract | 10 | 10 |
| Joined | 5 | 5 |
| Left | 3 | 3 |
| Training hours | 462 | 462 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
fixed assets acquired| Item | 20-12-2022 | 2021 |
|---|---|---|
| Tangible fixed assets | - | €5,501 |
| Intangible fixed assets | - | €617,737 |
| Depreciation and write-downs of the year | €0 | €9,109 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Insights on OPENMOTICS
The operating result for 2022 is a profit of €3.3m, after a loss of €684,938 in 2021. It is the highest result since 2013.