Peter Cox (0404.657.571), In bankruptcy: financials and annual accounts

Peter Cox

Antwerp ·KBO/BCE: BE 0404.657.571

Line	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	1.6m	1.6m	1.1m	1.1m	1.1m	897,226	2.4m	948,075	1.2m	1.4m	1.5m	1.4m	1.3m	1.2m	1.3m	1.1m	863,934
Fixed assets`21/28`	263,221	345,842	267,039	273,029	173,143	189,877	237,295	259,302	336,023	372,006	449,702	485,333	495,412	499,852	466,261	523,846	444,419
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	2,209	4,547	1,784	3,195	-	-	-	-	-
Tangible fixed assets`22/27`	230,761	313,383	236,205	242,194	142,433	159,167	206,585	228,843	303,355	336,999	417,458	451,678	464,953	469,392	435,802	373,494	418,252
Land and buildings`22`	-	-	-	-	-	-	-	-	-	-	-	-	-	266,231	297,060	327,889	358,718
Plant, machinery and equipment`23`	68,566	77,268	30,541	20,825	14,966	12,155	32,591	43,444	31,579	29,843	18,040	12,062	15,471	14,996	12,777	19,342	33,451
Furniture and vehicles`24`	146,596	236,114	205,589	213,158	107,937	88,968	77,435	50,326	98,189	95,055	146,326	145,531	140,989	188,166	125,964	26,263	26,083
Other tangible fixed assets`26`	15,599	-	74	8,211	19,531	58,044	96,559	135,073	173,587	212,101	253,093	294,085	308,492	-	-	-	-
Financial fixed assets`28`	32,460	32,460	30,835	30,835	30,710	30,710	30,710	30,460	30,460	30,460	30,460	30,460	30,460	30,460	30,460	150,352	26,167
Current assets`29/58`	1.3m	1.3m	877,090	804,662	895,969	707,349	2.1m	688,773	867,466	1.1m	1.0m	928,485	807,216	661,277	784,280	556,927	419,515
Stocks and contracts in progress`3`	410,458	417,256	153,622	26,323	69,819	69,635	60,385	67,406	118,551	69,604	59,410	75,720	63,030	69,825	79,026	50,330	30,197
Stocks`30/36`	230,618	165,829	95,181	26,323	69,819	69,635	60,385	67,406	90,957	50,617	59,410	73,620	55,030	62,280	79,026	12,343	22,197
Contracts in progress`37`	179,840	251,428	58,441	-	-	-	-	-	27,594	18,987	-	2,100	8,000	7,544	-	37,987	8,000
Amounts receivable within one year`40/41`	799,628	710,891	524,467	519,881	619,884	466,747	1.8m	393,644	599,898	709,647	394,768	470,622	472,512	352,670	404,281	253,341	293,696
Trade receivables`40`	791,669	669,463	482,649	511,444	583,143	427,205	1.7m	381,533	591,478	649,456	377,100	470,622	425,046	331,530	350,869	227,963	292,142
Other amounts receivable`41`	7,958	41,428	41,819	8,437	36,741	39,542	15,764	12,111	8,421	60,192	17,668	-	47,466	21,140	53,412	25,378	1,553
Cash at bank and in hand`54/58`	78,110	70,232	146,851	229,743	185,246	153,555	289,905	218,340	133,840	279,995	579,407	374,874	265,268	233,814	295,479	247,153	64,723
Deferred charges and accrued income`490/1`	12,761	53,619	52,149	28,715	21,021	17,412	12,739	9,383	15,177	10,152	13,996	7,270	6,406	4,969	5,495	6,103	30,899
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.6m	1.6m	1.1m	1.1m	1.1m	897,226	2.4m	948,075	1.2m	1.4m	1.5m	1.4m	1.3m	1.2m	1.3m	1.1m	863,934
Equity`10/15`	270,087	247,554	580,355	802,190	700,196	668,472	675,604	696,545	709,840	779,342	930,946	1.1m	973,360	912,240	760,699	618,053	431,697
Contributions`10/11`	780,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000
Capital`10`	780,000	248,000	248,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	780,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000	248,000
Reserves`13`	355	332,355	332,355	554,190	452,196	420,472	427,604	448,545	461,840	531,342	682,946	878,191	725,360	664,240	512,699	370,053	288,139
Non-distributable reserves`130/1`	-	24,800	24,800	24,800	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800
Distributable reserves`133`	355	307,555	307,555	529,390	427,396	395,672	402,804	423,745	437,040	506,542	658,146	853,391	700,560	639,440	487,899	345,253	263,339
Profit (loss) carried forward`14`	-510,268	-332,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-104,443
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,981	63,013	58,651
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,981	63,013	58,651
Amounts payable`17/49`	1.3m	1.4m	563,774	275,501	368,916	228,754	1.7m	251,530	493,649	662,062	566,336	287,627	329,268	248,889	470,861	399,708	373,587
Amounts payable after more than one year`17`	-	-	-	-	-	6,945	25,326	43,707	62,088	80,469	98,849	117,230	135,611	153,992	172,373	190,754	209,135
Financial debts`170/4`	-	-	-	-	-	6,945	25,326	43,707	62,088	80,469	98,849	117,230	135,611	153,992	172,373	190,754	209,135
Amounts payable within one year`42/48`	1.3m	1.3m	557,274	264,066	364,916	217,809	1.6m	203,824	412,246	575,593	461,412	164,301	179,149	91,320	294,843	207,391	158,595
Current portion of amounts payable after more than one year`42`	-	-	-	-	6,945	18,381	18,381	18,381	18,381	18,381	18,381	18,381	18,381	18,381	18,381	18,381	18,381
Trade debts`44`	693,055	714,996	192,190	189,252	179,128	113,600	89,739	113,038	143,814	203,153	106,879	92,878	139,618	52,562	255,997	147,176	115,716
Suppliers`440/4`	693,055	714,996	192,190	189,252	179,128	113,600	89,739	113,038	143,814	203,153	106,879	92,878	139,618	52,562	255,997	147,176	115,716
Advances received on contracts in progress`46`	116,753	269,777	122,043	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	80,256	61,487	42,789	74,559	58,582	35,562	38,640	32,407	50,056	54,059	36,152	53,041	21,150	20,377	20,465	41,833	24,498
Taxes`450/3`	1,307	1,457	1,457	30,705	24,621	2	8,283	9,258	27,343	31,194	13,755	31,157	-	-	-	-	-
Remuneration and social security`454/9`	78,950	60,031	41,332	43,853	33,961	35,560	30,357	23,149	22,714	22,865	22,397	21,884	21,150	20,377	20,465	41,833	24,498
Other amounts payable`47/48`	400,026	300,026	200,252	255	120,261	50,267	1.5m	39,999	199,995	300,000	300,000	-	-	-	-	-	-
Accrued charges and deferred income`492/3`	4,000	4,000	6,500	11,436	4,000	4,000	5,038	4,000	19,315	6,000	6,075	6,097	14,508	3,577	3,645	1,563	5,857
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500
Gross operating margin`9900`	1.8m	1.7m	1.2m	1.7m	1.6m	1.4m	1.3m	1.4m	1.5m	1.4m	1.4m	1.5m	1.4m	1.3m	1.1m	1.2m	776,425
Remuneration, social security and pensions`62`	1.8m	1.9m	1.3m	1.4m	1.3m	1.2m	1.1m	1.2m	1.2m	1.1m	1.1m	1.1m	1.2m	1.0m	879,779	923,554	783,534
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	93,931	86,793	88,425	75,588	85,114	83,760	91,923	98,521	108,187	106,951	125,932	119,551	96,165	81,268	85,808	84,184	78,297
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-2,066	-	-22,974	22,974	-	-	-	-	2,066	-	-	15,182	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-18,981	-44,031	4,362	-
Other operating charges`640/8`	16,951	22,145	39,152	15,504	10,148	9,752	9,702	9,677	10,209	10,355	11,244	11,831	9,599	9,542	9,147	8,040	7,051
Operating profit (loss)`9901`	-175,559	-338,430	-224,584	139,774	212,137	69,712	51,875	38,528	185,568	213,116	149,097	222,296	71,870	218,547	206,630	224,405	-92,458
Financial income`75/76B`	7,765	12,388	10,162	9,364	16,731	12,098	14,570	15,469	16,999	16,856	14,357	14,192	17,711	12,978	9,936	8,203	3,563
Recurring financial income`75`	7,765	12,388	10,162	9,364	16,731	12,098	14,570	15,469	16,999	16,856	14,357	14,192	17,711	12,978	9,936	8,203	3,563
Financial charges`65/66B`	8,231	5,401	2,854	5,142	2,477	12,892	14,059	9,283	4,185	8,548	14,511	18,382	11,623	11,848	13,319	15,020	16,048
Recurring financial charges`65`	8,231	5,401	2,854	5,142	2,477	12,892	14,059	9,283	4,185	8,548	14,511	18,382	11,623	11,848	13,319	15,020	16,048
Profit (loss) for the period before taxes`9903`	-176,025	-331,443	-217,277	143,996	226,391	68,918	52,386	44,714	198,382	221,424	148,943	218,105	77,959	219,677	203,247	217,587	-104,443
Income taxes`67/77`	1,441	1,358	4,558	42,003	74,667	26,049	23,328	18,009	67,884	73,028	44,187	65,275	16,838	68,136	60,601	31,231	-
Profit (loss) for the period`9904`	-177,467	-332,801	-221,835	101,994	151,724	42,868	29,059	26,705	130,498	148,396	104,756	152,830	61,120	151,541	142,646	186,357	-104,443
Profit (loss) for the period to be appropriated`9905`	-177,467	-332,801	-221,835	101,994	151,724	42,868	29,059	26,705	130,498	148,396	104,756	152,830	61,120	151,541	142,646	186,357	-104,443
Appropriation of the result
Profit (loss) to be appropriated`9906`	-510,268	-332,801	-221,835	101,994	151,724	42,868	29,059	26,705	130,498	148,396	104,756	152,830	61,120	151,541	142,646	81,914	-104,443
Profit (loss) brought forward from the previous period`14P`	-332,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	221,835	-	-	7,132	20,941	13,295	69,502	151,604	195,244	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	101,994	31,724	-	-	-	-	-	-	152,830	61,120	151,541	142,646	81,914	-
To other reserves`6921`	-	-	-	101,994	31,724	-	-	-	-	-	-	152,830	61,120	151,541	142,646	81,914	-
Profit to be distributed`694/7`	-	-	-	-	120,000	50,000	50,000	40,000	200,000	300,000	300,000	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	120,000	50,000	50,000	40,000	200,000	300,000	300,000	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	37.7	38.2	32.2	34.5	28.3	26.5	27.1	28	27.3	26.4	25.5	26.8	26.3	27.7	22.9	22.9	19.4
Hours worked`1013`	42,071	48,409	31,616	38,268	34,704	34,784	32,192	38,992	38,984	33,928	35,496	36,576	40,296	36,000	31,248	33,672	28,088
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Financial year	Type	Filed	Reference	Document
31-12-2023	abbreviated format	18-06-2024	2024-00142642	PDF
31-12-2022	abbreviated format	04-08-2023	2023-00316812	PDF
31-12-2021	abbreviated format	01-07-2022	2022-20134668	PDF
31-12-2020	abbreviated format	05-07-2021	2021-30700221	PDF
31-12-2019	abbreviated format	22-07-2020	2020-34600194	PDF
31-12-2018	abbreviated format	09-07-2019	2019-30800459	PDF
31-12-2017	abbreviated format	03-07-2018	2018-27400202	PDF
31-12-2016	abbreviated format	07-07-2017	2017-28500501	PDF
31-12-2015	abbreviated format	25-08-2016	2016-47700083	PDF
31-12-2014	abbreviated format	09-07-2015	2015-29100236	PDF
31-12-2013	abbreviated format	04-07-2014	2014-28000476	PDF
31-12-2012	abbreviated format	27-06-2013	2013-23200053	PDF
31-12-2011	abbreviated format	28-06-2012	2012-23000194	PDF
31-12-2010	abbreviated format	11-07-2011	2011-28100130	PDF
31-12-2009	abbreviated format	11-05-2010	2010-11700052	PDF
31-12-2008	abbreviated format	15-07-2009	2009-42200261	PDF
31-12-2007	abbreviated format	07-07-2008	2008-37600191	PDF
31-12-2006	abbreviated format	10-05-2007	2007-13800081	PDF
31-12-2005	abbreviated format	06-06-2006	2006-18500298	PDF
31-12-2004	abbreviated format	28-06-2005	2005-33600173	PDF
31-12-2003	abbreviated format	01-06-2004	2004-17500058	PDF
31-12-2002	abbreviated format	10-09-2003	2003-65500039	PDF
31-12-2001	abbreviated format	04-09-2002	2002-52300225	PDF
31-12-2000	abbreviated format	31-05-2001	2001-16004794	PDF
31-12-1999	abbreviated format	08-06-2000	2000-19605141	PDF
31-12-1998	abbreviated format	28-06-1999	1999-24605034	PDF
31-12-1997	abbreviated format	10-07-1998	1998-31605194	PDF
31-12-1996	abbreviated format	15-12-1997	1997-56701269	PDF
31-12-1995	abbreviated format	03-06-1996	1996-11604033	PDF
31-12-1994	full format	07-07-1995	1995-36704538	PDF
30-06-1993	unclassified schema	03-11-1993	1993-41804958	PDF
30-06-1992	full format	29-12-1992	1992-41803976	PDF
30-06-1991	full format	27-12-1991	1991-34400483	PDF
30-06-1990	full format	28-12-1990	1990-30302187	PDF
30-06-1989	full format	23-01-1990	1990-00503622	PDF
31-12-1987	full format	31-10-1988	1988-22900958	PDF
31-12-1986	abbreviated format	20-07-1987	1987-17803713	PDF
31-12-1985	abbreviated format	17-09-1986	1986-38200263	PDF
31-12-1984	full format	04-09-1985	1985-32400635	PDF
31-12-1983	unclassified schema	04-09-1984	1984-12702459	PDF
31-12-1982	unclassified schema	26-08-1983	1983-11601129	PDF
31-12-1981	unclassified schema	16-09-1982	1982-11801388	PDF
31-12-1980	unclassified schema	10-09-1981	1981-11101463	PDF
31-12-1979	unclassified schema	23-09-1980	1980-11200427	PDF
31-12-1978	unclassified schema	23-10-1979	1979-11601312	PDF
31-12-1977	unclassified schema	16-11-1978	1978-08400545	PDF

Year	Entries	Awarded	Paid
2024	1	€3,036	€3,036
2023	1	€1,901	€1,901
2022	1	€3,716	€3,716

Line	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	-81,628	-251,638	-136,159	215,362	297,251	153,472	143,798	137,049	293,755	320,067	275,029	341,846	168,034	299,816	292,438	308,589	-14,160
Cash flow	-83,536	-246,009	-133,410	177,581	236,838	126,629	120,982	125,226	238,685	255,347	230,687	272,381	157,285	232,809	228,454	270,541	-26,145
Investment in fixed assets	35,145	194,025	82,834	176,630	68,380	36,342	69,916	21,801	72,204	29,255	90,301	109,489	91,725	114,859	148,223	163,612	24,157
Change in cash	7,878	-76,619	-82,892	44,497	31,691	-136,350	71,565	84,500	-146,155	-299,412	204,533	109,606	31,455	-61,665	48,326	182,430	-
Working capital	10,866	-94,288	319,816	540,596	531,053	489,540	468,672	484,949	455,220	493,805	586,168	764,185	628,067	569,957	489,437	349,537	260,921
Solvency	17.3%	15.5%	50.7%	74.4%	65.5%	74.5%	28.7%	73.5%	59.0%	54.1%	62.2%	79.7%	74.7%	78.6%	60.8%	57.2%	50.0%
Current ratio	1.01	0.93	1.57	3.05	2.46	3.25	1.28	3.38	2.10	1.86	2.27	5.65	4.51	7.24	2.66	2.69	2.65
Quick ratio	0.69	0.62	1.30	2.95	2.26	2.93	1.25	3.05	1.82	1.74	2.14	5.19	4.15	6.48	2.39	2.44	2.45
Debt to equity	4.79	5.45	0.97	0.34	0.53	0.34	2.48	0.36	0.70	0.85	0.61	0.26	0.34	0.27	0.62	0.65	0.87
ROE	-65.7%	-134.4%	-38.2%	12.7%	21.7%	6.4%	4.3%	3.8%	18.4%	19.0%	11.3%	13.6%	6.3%	16.6%	18.8%	30.2%	-24.2%
ROA	-11.3%	-20.8%	-19.4%	9.5%	14.2%	4.8%	1.2%	2.8%	10.8%	10.3%	7.0%	10.8%	4.7%	13.1%	11.4%	17.2%	-12.1%
Interest coverage	-9.92	-46.59	-47.70	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	38	39	34
full-time	33	36	31
part-time	5	3	3
in full-time equivalents	36.8	38.4	33
Average over the year, in full-time equivalents	37.7	38.2	32.2
On a permanent contract	38	39	34
Joined	6	15	6
Left	7	10	5
Training hours	-	24	-

Peter Cox

Annual accounts 2023

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency17.3%

Current ratio1.01

Return on assets-11.3%

Staff

Staff cost per FTE€48,796

Joined and left-1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2024, 3 entries, €8,653 awarded, €8,653 paid

Key figures and ratios

Social balance sheet

Investments

Insights on Peter Cox

Item	2023	2022	2021
Tangible fixed assets	€35,145	€192,400	€82,834
Financial fixed assets	-	€1,625	-
Depreciation and write-downs of the year	€93,931	€86,793	€88,425