PHASE 2 (0455.469.141), Inactive: financials and annual accounts

Annual accounts 2023

micro format, filed on 03-07-2024, 28 days before the deadline

Gross margin

-€1,214

▼ €2,714

Operating result

-€1,214

▼ €2,310

EBITDA

-

Cash flow

-

Solvency

96.0%

▼ 1.4 percentage points

Current ratio

25.18

▼ 14.37

Turnover and EBIT margin are not published. The micro format does not require them.

Money flows

no detail for 2023

Balance sheet

balance sheet total €27,349 on 31-12-2023

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	27,349	27,766	26,192	25,636	23,205	19,935	57,713	50,848	43,353	35,209	29,088	24,510	20,609	17,563	9,177	2,879	1,497	1,765
Fixed assets`21/28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	220
Tangible fixed assets`22/27`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	220
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	99
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121
Current assets`29/58`	27,349	27,766	26,192	25,636	23,205	19,935	57,713	50,848	43,353	35,209	29,088	24,510	20,609	17,563	9,177	2,879	1,448	1,545
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	-	-	-	-	37	37	639	669	851	776
Stocks`30/36`	-	-	-	-	-	-	-	-	-	-	-	-	37	37	639	669	851	776
Amounts receivable within one year`40/41`	20,320	20,022	20,831	20,022	617	1,281	201	1,021	347	1,506	554	1,127	-	1,030	-	-	298	645
Trade receivables`40`	-	-	809	-	595	1,000	-	-	115	1,314	462	1,084	-	1,030	-	-	-	-
Other amounts receivable`41`	20,320	20,022	20,022	20,022	22	281	201	1,021	232	192	92	43	-	1	-	-	298	645
Cash at bank and in hand`54/58`	6,628	7,344	5,361	5,613	22,588	18,655	57,512	49,827	42,803	33,418	28,284	23,383	20,340	16,495	8,538	2,210	299	124
Deferred charges and accrued income`490/1`	400	400	-	-	-	-	-	-	203	285	250	-	231	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	27,349	27,766	26,192	25,636	23,205	19,935	57,713	50,848	43,353	35,209	29,088	24,510	20,609	17,563	9,177	2,879	1,497	1,765
Equity`10/15`	26,263	27,064	25,832	23,827	22,719	17,774	56,863	50,808	42,981	35,025	28,638	24,373	20,505	16,840	8,772	2,772	1,497	-5,018
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Issued capital`100`	-	-	-	-	18,600	18,600	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Reserves`13`	8,464	8,464	7,232	5,227	4,119	1,205	1,205	1,205	1,205	1,205	1,205	1,205	1,205	1,205	1,205	905	842	516
Non-distributable reserves`130/1`	1,351	8,464	7,232	5,227	2,767	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	1,351	1,205	1,205	1,205	1,205	1,205	1,205	1,205	1,205	1,205	1,205	905	842	516
Reserves not available under the articles`1311`	1,351	1,557	1,557	1,351	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	6,907	5,675	3,875	2,767	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	7,113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-801	-	-	-	-	-2,031	-6,343	-12,397	-20,225	-28,180	-34,567	-38,832	-42,701	-46,365	-54,433	-60,133	-61,345	-67,534
Amounts payable`17/49`	1,086	702	360	1,809	487	2,161	850	40	372	184	450	137	104	723	404	107	-	6,783
Amounts payable within one year`42/48`	1,086	702	360	273	487	2,161	850	40	372	184	450	137	104	723	404	107	-	6,783
Trade debts`44`	466	-	-	-	-	546	-	40	-	-	-	-	100	328	200	50	-	-
Suppliers`440/4`	466	-	-	-	-	546	-	40	-	-	-	-	100	328	200	50	-	-
Advances received on contracts in progress`46`	-	-	-	-	-	1,615	661	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	620	702	360	273	487	-	189	-	372	184	450	137	4	395	204	57	-	-
Taxes`450/3`	620	702	360	273	487	-	189	-	372	184	450	137	4	395	204	57	-	-
Other amounts payable`47/48`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,783
Accrued charges and deferred income`492/3`	-	-	-	1,536	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,566	12,231
Gross operating margin`9900`	-1,214	1,501	2,999	1,625	5,381	4,486	6,190	7,963	7,897	6,173	4,379	3,853	3,773	8,290	5,753	1,746	6,948	4,802
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,618	7,429
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	170	170
Other operating charges`640/8`	-	405	461	472	472	520	469	547	545	475	614	471	537	533	-	509	458	487
Operating profit (loss)`9901`	-1,214	1,096	2,539	1,153	4,909	3,966	5,721	7,416	7,352	5,698	3,765	3,383	3,236	7,757	5,753	1,188	6,320	4,145
Financial income`75/76B`	473	804	432	206	393	388	370	440	632	716	528	468	503	339	280	119	315	185
Recurring financial income`75`	473	804	432	206	393	388	370	440	632	716	528	468	503	339	280	119	315	185
Financial charges`65/66B`	60	39	43	39	64	42	36	29	28	28	28	28	29	28	33	32	119	105
Recurring financial charges`65`	60	39	43	39	64	42	36	29	28	28	28	28	29	28	33	32	119	105
Profit (loss) for the period before taxes`9903`	-801	1,861	2,927	1,321	5,238	4,312	6,055	7,827	7,956	6,387	4,265	3,823	3,710	8,068	6,000	1,275	6,516	4,225
Income taxes`67/77`	0	629	1,033	213	294	-	-	-	-	-	-	-46	46	-	-	-	-	-
Profit (loss) for the period`9904`	-801	1,232	1,895	1,108	4,944	4,312	6,055	7,827	7,956	6,387	4,265	3,869	3,665	8,068	6,000	1,275	6,516	4,225
Profit (loss) for the period to be appropriated`9905`	-801	1,232	1,895	1,108	4,944	4,312	6,055	7,827	7,956	6,387	4,265	3,869	3,665	8,068	6,000	1,275	6,516	4,225
Appropriation of the result
Profit (loss) to be appropriated`9906`	-801	1,232	1,895	1,108	2,913	-2,031	-6,343	-12,397	-20,225	-28,180	-34,567	-38,832	-42,701	-46,365	-54,133	-60,069	-61,019	-67,323
Transfer to equity`691/2`	0	1,232	1,895	1,108	2,913	-	-	-	-	-	-	-	-	-	300	64	326	211
To the legal reserve`6920`	-	-	95	-	146	-	-	-	-	-	-	-	-	-	300	64	326	211
To other reserves`6921`	0	1,232	1,800	1,108	2,767	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 03-07-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2023	micro format	03-07-2024	2024-00228687	PDF
31-12-2022	micro format	15-06-2023	2023-00128420	PDF
31-12-2021	micro format	20-06-2022	2022-20074100	PDF
31-12-2020	micro format	02-06-2021	2021-16700341	PDF
31-12-2019	micro format	02-06-2020	2020-14000441	PDF
31-12-2018	micro format	10-06-2019	2019-17600394	PDF
31-12-2017	micro format	07-05-2018	2018-12300264	PDF
31-12-2016	micro format	15-06-2017	2017-18100137	PDF
31-12-2015	full format	02-06-2016	2016-14900533	PDF
31-12-2014	full format	19-06-2015	2015-19200533	PDF
31-12-2013	full format	10-06-2014	2014-16300599	PDF
31-12-2012	full format	19-08-2013	2013-43800041	PDF
31-12-2011	full format	19-07-2012	2012-31600201	PDF
31-12-2010	full format	08-08-2011	2011-38500401	PDF
31-12-2009	full format	27-08-2010	2010-49700341	PDF
31-12-2008	full format	17-07-2009	2009-43700207	PDF
31-12-2007	full format	09-06-2008	2008-20800129	PDF
31-12-2006	full format	26-06-2007	2007-30700163	PDF
31-12-2005	full format	07-06-2006	2006-20701021	PDF
31-12-2004	full format	13-06-2005	2005-24604379	PDF
31-12-2003	full format	23-06-2004	2004-30301742	PDF
31-12-2002	full format	10-11-2003	2003-78703113	PDF
31-12-2001	full format	10-09-2002	2002-54800142	PDF
31-12-2000	full format	11-07-2001	2001-36303404	PDF
31-12-1999	full format	11-08-2000	2000-51000381	PDF
31-12-1998	full format	25-08-1999	1999-42404937	PDF
31-12-1997	full format	21-12-1998	1998-62401103	PDF
31-12-1996	full format	17-10-1997	1997-49503980	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,237	6,490	4,315
Cash flow	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,325	6,686	4,395
Investment in fixed assets (approximation)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Change in cash	-715	1,983	-253	-16,975	3,933	-38,857	7,684	7,024	9,386	5,134	4,901	3,042	3,845	7,957	6,328	1,912	175	-
Working capital	26,263	27,064	25,832	25,363	22,719	17,774	56,863	50,808	42,981	35,025	28,638	24,373	20,505	16,840	8,772	2,772	-	-5,238
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34.0%	33.9%
Solvency	96.0%	97.5%	98.6%	92.9%	97.9%	89.2%	98.5%	99.9%	99.1%	99.5%	98.5%	99.4%	99.5%	95.9%	95.6%	-	-	-
Current ratio	25.18	39.55	72.73	93.86	47.66	9.23	67.89	-	-	-	64.66	-	-	24.29	22.70	-	-	-
Quick ratio	25.18	39.55	72.73	93.86	47.66	9.23	67.89	-	-	-	64.66	-	-	24.24	21.12	-	-	-
Debt to equity	0.04	0.03	0.01	0.08	0.02	0.12	0.01	0.00	0.01	0.01	0.02	0.01	0.01	0.04	0.05	-	-	-
ROE	-3.1%	4.6%	7.3%	4.7%	21.8%	24.3%	10.6%	15.4%	18.5%	18.2%	14.9%	15.9%	17.9%	47.9%	68.4%	-	-	-
ROA	-2.9%	4.4%	7.2%	4.3%	21.3%	21.6%	10.5%	15.4%	18.4%	18.1%	14.7%	15.8%	17.8%	45.9%	65.4%	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6 days	19 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on PHASE 2

The operating result for 2023 is a loss of €1,214, after a profit of €1,096 in 2022. It is the lowest result since 2006.

Debt's share of the balance-sheet total rises from 2.5% to 4.0%. Equity is lower and debt is higher.