Oz
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 21 days after the deadline Filed on 21 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00342026.
Annual accounts 2022 filed on 21-08-2023 PDF all 2 filings
Turnover
≈ €780,000
Estimated: probably between €660,000 and €970,000
Total assets
€356,091▲ 135%
2021 · €151,448
Net result
€50,310▲ 88.1%
2021 · €26,748
Working capital
€56,830▲ 6.4%
2021 · €53,410
Multi-year overview
2021 to 2022, 2 financial yearsOperating result
€69,458
▲ 106%
2022
20212022
Net result
€50,310
▲ 88.1%
2022
highest quarter of the sector
20212022
Equity
€135,520
▲ 59.0%
2022
highest quarter of the sector
20212022
Total assets
€356,091
▲ 135%
2022
highest quarter of the sector
20212022
Debt
€220,571
▲ 233%
2022
20212022
Working capital
€56,830
▲ 6.4%
2022
highest quarter of the sector
20212022
Solvency
38.1%
▼ 18.2pp
2022
middle half of the sector
20212022
Current ratio
1.29
▼ 0.52
2022
middle half of the sector
20212022
Return on assets (ROA)
14.1%
▼ 3.5pp
2022
middle half of the sector
20212022
Staff (FTE)
7
▲ 218%
2022
20212022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022
Operating result€33,787-€69,458▲ 106%
Net result€26,748above the sector's middle half-€50,310above the sector's middle half▲ 88.1%
Equity€85,210within the sector's middle half-€135,520above the sector's middle half▲ 59.0%
Total assets€151,448within the sector's middle half-€356,091above the sector's middle half▲ 135%
Debt€66,239-€220,571▲ 233%
Working capital€53,410above the sector's middle half-€56,830above the sector's middle half▲ 6.4%
Solvency56.3%within the sector's middle half-38.1%within the sector's middle half▼ 18.2pp
Current ratio1.81within the sector's middle half-1.29within the sector's middle half▼ 0.52
Return on assets (ROA)17.7%within the sector's middle half-14.1%within the sector's middle half▼ 3.5pp
Staff (FTE)2.2-7▲ 218%
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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 2022 is 106% higher than in 2021.
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
2022 in colour, 2021 as the grey bar beneath
Assets €355,392
Fixed assets
€102,555 ▲ 232%
Current assets
€252,838 ▲ 111%
Equity and liabilities €356,091
Equity
€135,520 ▲ 59.0%
Debt
€220,571 ▲ 233%
Debt's share of the balance-sheet total rises from 43.7% to 61.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€84,437▲
2021 · €36,149
Cash flow
€65,289▲
2021 · €29,109
Debt to equity
1.63▲
2021 · 0.78
ROE
37.1%▲
2021 · 31.4%
Interest coverage
over 100
2021 · over 100
Debt ≤ 1 year
€196,007▲
2021 · €66,239
Debt > 1 year
€24,563
Income taxes
€18,737▲
2021 · €8,516
Staff costs
€258,262▲
2021 · €64,925
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 |
|---|---|---|
| Average over the year, in full-time equivalents | 2.2 | 7 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €33,038 | €83,657 |
| Financial fixed assets | - | €3,000 |
| Depreciation and write-downs of the year | €2,361 | €14,979 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 3 entries · €1,231 awarded · €1,231 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 2 | €360 | €360 |
| 2022 | 1 | €871 | €871 |
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €64,925 | €258,262 | ▲ 298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,361 | €14,979 | ▲ 534% |
| Other operating charges640/8 | €3,644 | €2,911 | ▼ 20.1% |
| Non-recurring operating charges66A | - | €1,000 | - |
| Gross operating margin9900 | €104,717 | €346,610 | ▲ 231% |
| Operating profit (loss)9901 | €33,787 | €69,458 | ▲ 106% |
| Financial income75/76B | €1,710 | €1 | ▼ 99.9% |
| Recurring financial income75 | €1,710 | €1 | ▼ 99.9% |
| Financial charges65/66B | €234 | €412 | ▲ 75.9% |
| Recurring financial charges65 | €234 | €412 | ▲ 75.9% |
| Profit (loss) for the period before taxes9903 | €35,263 | €69,047 | ▲ 95.8% |
| Income taxes67/77 | €8,516 | €18,737 | ▲ 120% |
| Profit (loss) for the period9904 | €26,748 | €50,310 | ▲ 88.1% |
| Profit (loss) for the period to be appropriated9905 | €26,748 | €50,310 | ▲ 88.1% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €151,448 | €356,091 | ▲ 135% |
| Formation expenses20 | €923 | €698 | ▼ 24.3% |
| Fixed assets21/28 | €30,876 | €102,555 | ▲ 232% |
| Tangible fixed assets22/27 | €30,876 | €99,555 | ▲ 222% |
| Furniture and vehicles24 | €30,876 | €99,555 | ▲ 222% |
| Financial fixed assets28 | - | €3,000 | - |
| Current assets29/58 | €119,649 | €252,838 | ▲ 111% |
| Amounts receivable within one year40/41 | €112,403 | €241,744 | ▲ 115% |
| Trade receivables40 | €74,302 | €228,436 | ▲ 207% |
| Other amounts receivable41 | €38,101 | €13,309 | ▼ 65.1% |
| Cash at bank and in hand54/58 | €5,156 | €11,071 | ▲ 115% |
| Deferred charges and accrued income490/1 | €2,090 | €22 | ▼ 98.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €151,448 | €356,091 | ▲ 135% |
| Equity10/15 | €85,210 | €135,520 | ▲ 59.0% |
| Contributions10/11 | €58,462 | €58,462 | = |
| Capital10 | €58,462 | €58,462 | = |
| Issued capital100 | €58,462 | €58,462 | = |
| Profit (loss) carried forward14 | €26,748 | €77,058 | ▲ 188% |
| Amounts payable17/49 | €66,239 | €220,571 | ▲ 233% |
| Amounts payable after more than one year17 | - | €24,563 | - |
| Financial debts170/4 | - | €24,563 | - |
| Amounts payable within one year42/48 | €66,239 | €196,007 | ▲ 196% |
| Current portion of amounts payable after more than one year42 | - | €5,985 | - |
| Trade debts44 | €39,613 | €52,947 | ▲ 33.7% |
| Suppliers440/4 | €39,613 | €52,947 | ▲ 33.7% |
| Taxes, remuneration and social security45 | €26,626 | €102,567 | ▲ 285% |
| Taxes450/3 | €13,439 | €79,740 | ▲ 493% |
| Remuneration and social security454/9 | €13,187 | €22,827 | ▲ 73.1% |
| Other amounts payable47/48 | - | €34,509 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €26,748 | €50,310 | ▲ 88.1% |
| + Depreciation and write-downs630 | €2,361 | €14,979 | ▲ 534% |
| Operating cash flow (approximation) | €29,109 | €65,289 | ▲ 124% |
| Investment in fixed assets (approximation) | - | -€86,657 | - |
| Change in cash | - | €5,916 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.