Peter Cox
Open bankruptcyFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 18-06-2024 PDF all 46 filings
Turnover
≈ €5.0m
Estimated: probably between €3.8m and €6.6m
Total assets
€1.6m▼ 2.1%
2022 · €1.6m
Net result
-€177,467▲ 46.7%
2022 · -€332,801
Working capital
€10,866
2022 · -€94,288
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€175,559
▲ 48.1%
2023
20182023
Net result
-€177,467
▲ 46.7%
2023
lowest quarter of the sector
20182023
Equity
€270,087
▲ 9.1%
2023
middle half of the sector
20182023
Total assets
€1.6m
▼ 2.1%
2023
middle half of the sector
20182023
Debt
€1.3m
▼ 4.2%
2023
20182023
Working capital
€10,866
2023
lowest quarter of the sector
20182023
Solvency
17.3%
▲ 1.8pp
2023
lowest quarter of the sector
20182023
Current ratio
1.01
▲ 0.08
2023
lowest quarter of the sector
20182023
Return on assets (ROA)
-11.3%
▲ 9.5pp
2023
lowest quarter of the sector
20182023
Staff (FTE)
37.7
▼ 1.3%
2023
highest quarter of the sector
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.07m-€0.2m▲ 204%€0.1m▼ 34.1%-€0.2m-€0.3m▼ 50.7%-€0.2m▲ 48.1%
Net result€0.04m-€0.2m▲ 254%€0.1mabove the sector's middle half▼ 32.8%-€0.2mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 50.0%-€0.2mbelow the sector's middle half▲ 46.7%
Equity€0.7m-€0.7m▲ 4.7%€0.8mabove the sector's middle half▲ 14.6%€0.6mwithin the sector's middle half▼ 27.7%€0.2mwithin the sector's middle half▼ 57.3%€0.3mwithin the sector's middle half▲ 9.1%
Total assets€0.9m-€1.1m▲ 19.2%€1.1mwithin the sector's middle half▲ 0.8%€1.1mwithin the sector's middle half▲ 6.2%€1.6mwithin the sector's middle half▲ 39.7%€1.6mwithin the sector's middle half▼ 2.1%
Debt€0.2m-€0.4m▲ 61.3%€0.3m▼ 25.3%€0.6m▲ 105%€1.4m▲ 140%€1.3m▼ 4.2%
Working capital€0.5m-€0.5m▲ 8.5%€0.5mabove the sector's middle half▲ 1.8%€0.3mwithin the sector's middle half▼ 40.8%-€0.09mbelow the sector's middle half€0.01mbelow the sector's middle half
Solvency74.5%-65.5%▼ 9.0pp74.4%above the sector's middle half▲ 8.9pp50.7%within the sector's middle half▼ 23.7pp15.5%below the sector's middle half▼ 35.2pp17.3%below the sector's middle half▲ 1.8pp
Current ratio3.25-2.46▼ 0.793.05above the sector's middle half▲ 0.591.57within the sector's middle half▼ 1.470.93below the sector's middle half▼ 0.641.01below the sector's middle half▲ 0.08
Return on assets (ROA)4.8%-14.2%▲ 9.4pp9.5%within the sector's middle half▼ 4.7pp-19.4%below the sector's middle half▼ 28.9pp-20.8%below the sector's middle half▼ 1.4pp-11.3%below the sector's middle half▲ 9.5pp
Staff (FTE)26.5-28.3▲ 6.8%34.5above the sector's middle half▲ 21.9%32.2above the sector's middle half▼ 6.7%38.2above the sector's middle half▲ 18.6%37.7above the sector's middle half▼ 1.3%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 2023 is a loss of €175,559, smaller than the loss of €338,430 in 2022.
Turnover and EBIT margin are not published. The abbreviated 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
Assets €1.6m
Fixed assets
€263,221 ▼ 23.9%
Current assets
€1.3m ▲ 3.9%
Equity and liabilities €1.6m
Equity
€270,087 ▲ 9.1%
Debt
€1.3m ▼ 4.2%
Debt's share of the balance-sheet total falls from 84.5% to 82.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€81,628▲
2022 · -€251,638
Cash flow
-€83,536▲
2022 · -€246,009
Quick ratio
0.69▲
2022 · 0.62
Debt to equity
4.79▼
2022 · 5.45
ROE
-65.7%▲
2022 · -134.4%
Interest coverage
-9.92▲
2022 · -46.59
Debt ≤ 1 year
€1.3m▼
2022 · €1.3m
Income taxes
€1,441▲
2022 · €1,358
Staff costs
€1.8m▼
2022 · €1.9m
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 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 34 | 39 | 38 |
| full-time | 31 | 36 | 33 |
| part-time | 3 | 3 | 5 |
| in full-time equivalents | 33 | 38.4 | 36.8 |
| Average over the year, in full-time equivalents | 32.2 | 38.2 | 37.7 |
| On a permanent contract | 34 | 39 | 38 |
| Joined | 6 | 15 | 6 |
| Left | 5 | 10 | 7 |
| Training hours | - | 24 | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €82,834 | €192,400 | €35,145 |
| Financial fixed assets | - | €1,625 | - |
| Depreciation and write-downs of the year | €88,425 | €86,793 | €93,931 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €8,653 awarded · €8,653 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €3,036 | €3,036 |
| 2023 | 1 | €1,901 | €1,901 |
| 2022 | 1 | €3,716 | €3,716 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.3m | €1.9m | €1.8m | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.09m | €0.08m | €0.09m | €0.09m | €0.09m | ▲ 8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.02m | - | -€0.002m | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.02m | €0.02m | ▼ 23.5% |
| Gross operating margin9900 | €1.4m | €1.6m | €1.7m | €1.2m | €1.7m | €1.8m | ▲ 5.5% |
| Operating profit (loss)9901 | €0.07m | €0.2m | €0.1m | -€0.2m | -€0.3m | -€0.2m | ▲ 48.1% |
| Financial income75/76B | - | - | - | €0.01m | €0.01m | €0.008m | ▼ 37.3% |
| Recurring financial income75 | €0.01m | €0.02m | €0.009m | €0.01m | €0.01m | €0.008m | ▼ 37.3% |
| Financial charges65/66B | - | - | - | €0.003m | €0.005m | €0.008m | ▲ 52.4% |
| Recurring financial charges65 | €0.01m | €0.002m | €0.005m | €0.003m | €0.005m | €0.008m | ▲ 52.4% |
| Profit (loss) for the period before taxes9903 | €0.07m | €0.2m | €0.1m | -€0.2m | -€0.3m | -€0.2m | ▲ 46.9% |
| Income taxes67/77 | €0.03m | €0.07m | €0.04m | €0.005m | €0.001m | €0.001m | ▲ 6.1% |
| Profit (loss) for the period9904 | €0.04m | €0.2m | €0.1m | -€0.2m | -€0.3m | -€0.2m | ▲ 46.7% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.2m | €0.1m | -€0.2m | -€0.3m | -€0.2m | ▲ 46.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.9m | €1.1m | €1.1m | €1.1m | €1.6m | €1.6m | ▼ 2.1% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 23.9% |
| Tangible fixed assets22/27 | €0.2m | €0.1m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 26.4% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.08m | €0.07m | ▼ 11.3% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.1m | ▼ 37.9% |
| Other tangible fixed assets26 | - | - | - | €74 | - | €0.02m | - |
| Financial fixed assets28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Current assets29/58 | €0.7m | €0.9m | €0.8m | €0.9m | €1.3m | €1.3m | ▲ 3.9% |
| Stocks and contracts in progress3 | €0.07m | €0.07m | €0.03m | €0.2m | €0.4m | €0.4m | ▼ 1.6% |
| Stocks30/36 | - | - | - | €0.1m | €0.2m | €0.2m | ▲ 39.1% |
| Contracts in progress37 | - | - | - | €0.06m | €0.3m | €0.2m | ▼ 28.5% |
| Amounts receivable within one year40/41 | €0.5m | €0.6m | €0.5m | €0.5m | €0.7m | €0.8m | ▲ 12.5% |
| Trade receivables40 | - | - | - | €0.5m | €0.7m | €0.8m | ▲ 18.3% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.04m | €0.008m | ▼ 80.8% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.1m | €0.07m | €0.08m | ▲ 11.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.05m | €0.01m | ▼ 76.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.9m | €1.1m | €1.1m | €1.1m | €1.6m | €1.6m | ▼ 2.1% |
| Equity10/15 | €0.7m | €0.7m | €0.8m | €0.6m | €0.2m | €0.3m | ▲ 9.1% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.8m | ▲ 215% |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.8m | ▲ 215% |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.8m | ▲ 215% |
| Reserves13 | €0.4m | €0.5m | €0.6m | €0.3m | €0.3m | €355 | ▼ 99.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | - | - |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €355 | ▼ 99.9% |
| Profit (loss) carried forward14 | - | - | - | - | -€0.3m | -€0.5m | ▼ 53.3% |
| Amounts payable17/49 | €0.2m | €0.4m | €0.3m | €0.6m | €1.4m | €1.3m | ▼ 4.2% |
| Amounts payable after more than one year17 | €0.007m | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.4m | €0.3m | €0.6m | €1.3m | €1.3m | ▼ 4.2% |
| Trade debts44 | €0.1m | €0.2m | €0.2m | €0.2m | €0.7m | €0.7m | ▼ 3.1% |
| Suppliers440/4 | - | - | - | €0.2m | €0.7m | €0.7m | ▼ 3.1% |
| Advances received on contracts in progress46 | - | - | - | €0.1m | €0.3m | €0.1m | ▼ 56.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.06m | €0.08m | ▲ 30.5% |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0.001m | ▼ 10.3% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.06m | €0.08m | ▲ 31.5% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.3m | €0.4m | ▲ 33.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.004m | €0.004m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,868 | €151,724 | €101,994 | -€221,835 | -€332,801 | -€177,467 | ▲ 46.7% |
| + Depreciation and write-downs630 | €83,760 | €85,114 | €75,588 | €88,425 | €86,793 | €93,931 | ▲ 8.2% |
| Operating cash flow (approximation) | €126,629 | €236,838 | €177,581 | -€133,410 | -€246,009 | -€83,536 | ▲ 66.0% |
| Investment in fixed assets (approximation) | - | -€68,380 | -€175,474 | -€82,435 | -€165,596 | -€11,310 | ▲ 93.2% |
| Change in cash | - | €31,691 | €44,497 | -€82,892 | -€76,619 | €7,878 | - |
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 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 18-06-2024 | 2024-00142642 | |
| 31-12-2022 | abbreviated format | 04-08-2023 | 2023-00316812 | |
| 31-12-2021 | abbreviated format | 01-07-2022 | 2022-20134668 | |
| 31-12-2020 | abbreviated format | 05-07-2021 | 2021-30700221 | |
| 31-12-2019 | abbreviated format | 22-07-2020 | 2020-34600194 | |
| 31-12-2018 | abbreviated format | 09-07-2019 | 2019-30800459 | |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-27400202 | |
| 31-12-2016 | abbreviated format | 07-07-2017 | 2017-28500501 | |
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-47700083 | |
| 31-12-2014 | abbreviated format | 09-07-2015 | 2015-29100236 |