PHARMA-PACK
InactiveFinancials · financial year 2022, abbreviated format
Turnover
≈ €5.7m
Estimated: probably between €3.9m and €9.4m
Total assets
€2.9m▲ 34.8%
2021 · €2.2m
Net result
€899,793▲ 75.9%
2021 · €511,466
Working capital
€1.7m▲ 113%
2021 · €783,965
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result has risen three years in a row; 2022 is 72% above 2021 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€1.2m
2022
Net result€0.9m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.9m
2022
Equity€1.7m
2022
Debt€1.2m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.7m
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)15
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result-€0.2m-€0.6m€0.7m▲ 25.7%€1.2m▲ 72.0%
Net result-€0.2m-€0.4m€0.5m▲ 19.2%€0.9m▲ 75.9%
Equity€0.1m-€0.6m▲ 335%€1.1m▲ 91.8%€1.7m▲ 61.0%
Total assets€2.0m-€2.4m▲ 18.6%€2.2m▼ 8.2%€2.9m▲ 34.8%
Debt€1.9m-€1.8m▼ 3.3%€1.1m▼ 39.2%€1.2m▲ 9.0%
Working capital-€0.2m-€0.3m€0.8m▲ 210%€1.7m▲ 113%
Staff (FTE)17.2-15.9▼ 7.6%16.6▲ 4.4%15▼ 9.6%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
- 2022 Net result +76% on 2021. This financial year ran 21 months, the previous one 12.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.9m
Fixed assets
€47,718 ▼ 88.4%
Current assets
€2.9m ▲ 63.9%
Equity and liabilities €2.9m
Equity
€1.7m ▲ 61.0%
Debt
€1.2m ▲ 9.0%
Debt's share of the balance-sheet total falls from 50.5% to 40.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▲
2021 · €762,494
Cash flow
€938,701▲
2021 · €548,201
Current ratio
2.41▲
2021 · 1.81
Quick ratio
1.63▲
2021 · 0.93
Debt to equity
0.69▲
2021 · 0.12
ROE
52.3%▲
2021 · 47.9%
ROA
30.9%▲
2021 · 23.7%
Interest coverage
24.06
Debt ≤ 1 year
€1.2m▲
2021 · €962,102
Income taxes
€343,567▲
2021 · €194,356
Staff costs
€1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.9m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.04m | €0.04m | €0.04m | ▲ 5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.1m | - |
| Other operating charges640/8 | - | - | - | €0.01m | - |
| Gross operating margin9900 | €1.0m | €1.7m | €1.9m | €3.3m | ▲ 75.1% |
| Operating profit (loss)9901 | -€0.2m | €0.6m | €0.7m | €1.2m | ▲ 72.0% |
| Financial income75/76B | - | - | - | €0.05m | - |
| Recurring financial income75 | €0.002m | €0.01m | €0.007m | €0.04m | ▲ 396% |
| Non-recurring financial income76B | - | - | - | €0.02m | - |
| Financial charges65/66B | - | - | - | €0.06m | - |
| Recurring financial charges65 | €0.02m | €0.03m | €0.03m | €0.05m | ▲ 81.4% |
| Non-recurring financial charges66B | - | - | - | €0.005m | - |
| Profit (loss) for the period before taxes9903 | -€0.2m | €0.6m | €0.7m | €1.2m | ▲ 76.2% |
| Income taxes67/77 | - | €0.1m | €0.2m | €0.3m | ▲ 76.8% |
| Profit (loss) for the period9904 | -€0.2m | €0.4m | €0.5m | €0.9m | ▲ 75.9% |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | €0.4m | €0.5m | €0.9m | ▲ 75.9% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.0m | €2.4m | €2.2m | €2.9m | ▲ 34.8% |
| Fixed assets21/28 | €0.5m | €0.4m | €0.4m | €0.05m | ▼ 88.4% |
| Intangible fixed assets21 | €0.04m | €0.03m | €0.03m | €0.03m | ▼ 11.5% |
| Tangible fixed assets22/27 | €0.5m | €0.4m | €0.4m | €0.02m | ▼ 94.9% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | - |
| Furniture and vehicles24 | - | - | - | €0.007m | - |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €1.5m | €1.9m | €1.7m | €2.9m | ▲ 63.9% |
| Stocks and contracts in progress3 | €0.6m | €0.6m | €0.9m | €0.9m | ▲ 8.7% |
| Stocks30/36 | - | - | - | €0.9m | - |
| Amounts receivable within one year40/41 | €0.8m | €1.2m | €0.6m | €0.8m | ▲ 19.6% |
| Trade receivables40 | - | - | - | €0.7m | - |
| Other amounts receivable41 | - | - | - | €0.06m | - |
| Cash at bank and in hand54/58 | €0.09m | €0.1m | €0.2m | €1.2m | ▲ 369% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.0m | €2.4m | €2.2m | €2.9m | ▲ 34.8% |
| Equity10/15 | €0.1m | €0.6m | €1.1m | €1.7m | ▲ 61.0% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.01m | - |
| Reserves13 | €0.1m | €0.5m | €1.0m | €1.7m | ▲ 62.5% |
| Non-distributable reserves130/1 | - | - | - | €0.001m | - |
| Reserves not available under the articles1311 | - | - | - | €0.001m | - |
| Tax-exempt reserves132 | - | - | - | €0.006m | - |
| Distributable reserves133 | - | - | - | €1.7m | - |
| Amounts payable17/49 | €1.9m | €1.8m | €1.1m | €1.2m | ▲ 9.0% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | - | - |
| Amounts payable within one year42/48 | €1.6m | €1.6m | €1.0m | €1.2m | ▲ 23.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | - |
| Trade debts44 | €0.9m | €0.8m | €0.3m | €0.8m | ▲ 166% |
| Suppliers440/4 | - | - | - | €0.8m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | - |
| Taxes450/3 | - | - | - | €0.2m | - |
| Remuneration and social security454/9 | - | - | - | €0.1m | - |
| Other amounts payable47/48 | - | - | - | €0.003m | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€186,572 | €429,148 | €511,466 | €899,793 | ▲ 75.9% |
| + Depreciation and write-downs630 | €61,664 | €44,835 | €36,735 | €38,908 | ▲ 5.9% |
| Operating cash flow (approximation) | -€124,908 | €473,983 | €548,201 | €938,701 | ▲ 71.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €325,842 | - |
| Change in cash | - | €9,820 | €149,346 | €915,283 | ▲ 513% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 12-07-2023 | 2023-00244915 |
| 31-03-2021 | abbreviated format | 03-11-2021 | 2021-76000480 |
| 31-03-2020 | abbreviated format | 24-11-2020 | 2020-71700296 |
| 31-03-2019 | abbreviated format | 31-10-2019 | 2019-72300503 |
| 31-03-2018 | abbreviated format | 31-10-2018 | 2018-71400504 |
| 31-12-2016 | abbreviated format | 17-07-2017 | 2017-32300484 |
| 31-12-2015 | abbreviated format | 18-08-2016 | 2016-43600039 |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-54300301 |
| 31-12-2013 | abbreviated format | 24-07-2014 | 2014-33700582 |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-49700108 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.