ORTHOMED DISTRIBUTION
InactiveFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 16-12-2023 PDF all 14 filings
Turnover
≈ €150,000
Estimated: probably between €100,000 and €260,000
Total assets
€80,964▲ 14.3%
2022 · €70,863
Net result
€32,650
2022 · -€2,668
Working capital
€37,170▲ 722%
2022 · €4,520
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€39,700
2023
20182023
Net result
€32,650
2023
20182023
Equity
€37,170
▲ 722%
2023
20182023
Total assets
€80,964
▲ 14.3%
2023
20182023
Debt
€43,794
▼ 34.0%
2023
20182023
Working capital
€37,170
▲ 722%
2023
20182023
Staff (FTE)
no figure
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€2,377-€3,399€1,390▼ 59.1%-€8,942-€2,429▲ 72.8%€39,700
Net result-€6,071-€3,320€1,161▼ 65.0%-€9,049-€2,668▲ 70.5%€32,650
Equity€11,757-€15,077▲ 28.2%€16,237▲ 7.7%€7,188▼ 55.7%€4,520▼ 37.1%€37,170▲ 722%
Total assets€11,757-€84,297▲ 617%€63,639▼ 24.5%€68,708▲ 8.0%€70,863▲ 3.1%€80,964▲ 14.3%
Debt€69,220€47,402▼ 31.5%€61,521▲ 29.8%€66,343▲ 7.8%€43,794▼ 34.0%
Working capital€14,952€16,122▲ 7.8%€7,188▼ 55.4%€4,520▼ 37.1%€37,170▲ 722%
Staff (FTE)11=1=1=
The operating result for 2023 is a profit of €39,700, after a loss of €2,429 in 2022. It is the highest 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
Equity and liabilities €80,964
Equity
€37,170 ▲ 722%
Debt
€43,794 ▼ 34.0%
Debt's share of the balance-sheet total falls from 93.6% to 54.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.85▲
2022 · 1.07
Quick ratio
1.35▲
2022 · 0.74
Debt to equity
1.18▼
2022 · 14.68
ROE
87.8%▲
2022 · -59.0%
ROA
40.3%▲
2022 · -3.8%
Debt ≤ 1 year
€43,794▼
2022 · €66,343
Income taxes
€7,000▲
2022 · €222
Staff costs
€10,643▼
2022 · €90,456
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €89,078 | €90,456 | €10,643 | ▼ 88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115 | €115 | €115 | €115 | - | - | - |
| Other operating charges640/8 | - | - | - | €410 | €410 | - | - |
| Gross operating margin9900 | -€2,200 | €81,304 | €76,751 | €80,660 | €88,437 | €50,342 | ▼ 43.1% |
| Operating profit (loss)9901 | -€2,377 | €3,399 | €1,390 | -€8,942 | -€2,429 | €39,700 | - |
| Financial income75/76B | - | - | - | €10 | €84 | - | - |
| Recurring financial income75 | - | - | - | €10 | €84 | - | - |
| Financial charges65/66B | - | - | - | €117 | €101 | €50 | ▼ 50.6% |
| Recurring financial charges65 | €67 | €79 | €229 | €117 | €101 | €50 | ▼ 50.6% |
| Profit (loss) for the period before taxes9903 | -€2,445 | €3,320 | €1,161 | -€9,049 | -€2,446 | €39,650 | - |
| Income taxes67/77 | €3,627 | - | - | - | €222 | €7,000 | ▲ 32× |
| Profit (loss) for the period9904 | -€6,071 | €3,320 | €1,161 | -€9,049 | -€2,668 | €32,650 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,071 | €3,320 | €1,161 | -€9,049 | -€2,668 | €32,650 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €11,757 | €84,297 | €63,639 | €68,708 | €70,863 | €80,964 | ▲ 14.3% |
| Fixed assets21/28 | €345 | €230 | €115 | - | - | - | - |
| Tangible fixed assets22/27 | €345 | €230 | €115 | - | - | - | - |
| Current assets29/58 | €11,412 | €84,067 | €63,524 | €68,708 | €70,863 | €80,964 | ▲ 14.3% |
| Stocks and contracts in progress3 | - | - | - | €12,447 | €21,724 | €21,724 | = |
| Stocks30/36 | - | - | - | €12,447 | €21,724 | €21,724 | = |
| Amounts receivable within one year40/41 | €7,878 | €71,664 | €50,854 | €42,731 | €35,533 | €22,665 | ▼ 36.2% |
| Trade receivables40 | - | - | - | €42,731 | €35,438 | €22,665 | ▼ 36.0% |
| Other amounts receivable41 | - | - | - | - | €95 | - | - |
| Cash at bank and in hand54/58 | €3,534 | €12,403 | €12,670 | €13,530 | €13,606 | €36,575 | ▲ 169% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €11,757 | €84,297 | €63,639 | €68,708 | €70,863 | €80,964 | ▲ 14.3% |
| Equity10/15 | €11,757 | €15,077 | €16,237 | €7,188 | €4,520 | €37,170 | ▲ 722% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €13,827 | €13,827 | €13,827 | €13,827 | €13,827 | €13,827 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €11,967 | €11,967 | €11,967 | = |
| Profit (loss) carried forward14 | -€8,270 | -€4,950 | -€3,789 | -€12,839 | -€15,507 | €17,143 | - |
| Amounts payable17/49 | - | €69,220 | €47,402 | €61,521 | €66,343 | €43,794 | ▼ 34.0% |
| Amounts payable within one year42/48 | - | €69,115 | €47,402 | €61,521 | €66,343 | €43,794 | ▼ 34.0% |
| Trade debts44 | - | €43,067 | €22,853 | €5,831 | €14,456 | €13,265 | ▼ 8.2% |
| Suppliers440/4 | - | - | - | €5,831 | €14,456 | €13,265 | ▼ 8.2% |
| Taxes, remuneration and social security45 | - | - | - | €20,166 | €24,386 | €20,529 | ▼ 15.8% |
| Taxes450/3 | - | - | - | €2,565 | €6,562 | €8,789 | ▲ 33.9% |
| Remuneration and social security454/9 | - | - | - | €17,600 | €17,824 | €11,740 | ▼ 34.1% |
| Other amounts payable47/48 | - | - | - | €35,524 | €27,500 | €10,000 | ▼ 63.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,071 | €3,320 | €1,161 | -€9,049 | -€2,668 | €32,650 | - |
| + Depreciation and write-downs630 | €115 | €115 | €115 | €115 | - | - | - |
| Operating cash flow (approximation) | -€5,956 | €3,435 | €1,276 | -€8,934 | -€2,668 | €32,650 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | - |
| Change in cash | - | €8,869 | €267 | €860 | €76 | €22,969 | ▲ 303× |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | micro format | 16-12-2023 | 2023-00531320 | |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00109826 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20274850 | |
| 31-12-2020 | micro format | 10-06-2021 | 2021-18900585 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-18800093 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-23300347 | |
| 31-12-2017 | micro format | 25-07-2018 | 2018-37400153 | |
| 31-12-2016 | abbreviated format | 27-06-2017 | 2017-22500197 | |
| 31-12-2015 | abbreviated format | 06-06-2016 | 2016-15500589 | |
| 31-12-2014 | abbreviated format | 12-06-2015 | 2015-17100284 |