Equity
Equity fell by 54% in 6 years.
Equity fell by 54% in 6 years.
Short-term debts rose from €702 to €1,086.
The last five annual accounts were filed 28 to 59 days before the end of the period.
Absorbed by SIFRANCE DISTRIBUTION in February 2024. The last annual accounts are for financial year 2023. The company was dissolved without liquidation.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
Total assets20/58 |
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 assets21/28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50 | 220 | |
Tangible fixed assets22/27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50 | 220 | |
Plant, machinery and equipment23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50 | 99 | |
Other tangible fixed assets26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 121 | |
Current assets29/58 |
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 progress3 |
- | - | - | - | - | - | - | - | - | - | - | - | 37 | 37 | 639 | 669 | 851 | 776 | |
Stocks30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | 37 | 37 | 639 | 669 | 851 | 776 | |
Amounts receivable within one year40/41 |
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 receivables40 |
- | - | 809 | - | 595 | 1,000 | - | - | 115 | 1,314 | 462 | 1,084 | - | 1,030 | - | - | - | - | |
Other amounts receivable41 |
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 hand54/58 |
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 income490/1 |
400 | 400 | - | - | - | - | - | - | 203 | 285 | 250 | - | 231 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
Total equity and liabilities10/49 |
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 | |
Equity10/15 |
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 | |
Contributions10/11 |
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 capital100 |
- | - | - | - | 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 | |
Reserves13 |
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 reserves130/1 |
1,351 | 8,464 | 7,232 | 5,227 | 2,767 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
- | - | - | - | 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 articles1311 |
1,351 | 1,557 | 1,557 | 1,351 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other1319 |
- | 6,907 | 5,675 | 3,875 | 2,767 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Distributable reserves133 |
7,113 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) carried forward14 |
-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 payable17/49 |
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 year42/48 |
1,086 | 702 | 360 | 273 | 487 | 2,161 | 850 | 40 | 372 | 184 | 450 | 137 | 104 | 723 | 404 | 107 | - | 6,783 | |
Trade debts44 |
466 | - | - | - | - | 546 | - | 40 | - | - | - | - | 100 | 328 | 200 | 50 | - | - | |
Suppliers440/4 |
466 | - | - | - | - | 546 | - | 40 | - | - | - | - | 100 | 328 | 200 | 50 | - | - | |
Advances received on contracts in progress46 |
- | - | - | - | - | 1,615 | 661 | - | - | - | - | - | - | - | - | - | - | - | |
Taxes, remuneration and social security45 |
620 | 702 | 360 | 273 | 487 | - | 189 | - | 372 | 184 | 450 | 137 | 4 | 395 | 204 | 57 | - | - | |
Taxes450/3 |
620 | 702 | 360 | 273 | 487 | - | 189 | - | 372 | 184 | 450 | 137 | 4 | 395 | 204 | 57 | - | - | |
Other amounts payable47/48 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,783 | |
Accrued charges and deferred income492/3 |
- | - | - | 1,536 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
Turnover70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,566 | 12,231 | |
Gross operating margin9900 |
-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 goods60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,618 | 7,429 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50 | 170 | 170 | |
Other operating charges640/8 |
- | 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 income75/76B |
473 | 804 | 432 | 206 | 393 | 388 | 370 | 440 | 632 | 716 | 528 | 468 | 503 | 339 | 280 | 119 | 315 | 185 | |
Recurring financial income75 |
473 | 804 | 432 | 206 | 393 | 388 | 370 | 440 | 632 | 716 | 528 | 468 | 503 | 339 | 280 | 119 | 315 | 185 | |
Financial charges65/66B |
60 | 39 | 43 | 39 | 64 | 42 | 36 | 29 | 28 | 28 | 28 | 28 | 29 | 28 | 33 | 32 | 119 | 105 | |
Recurring financial charges65 |
60 | 39 | 43 | 39 | 64 | 42 | 36 | 29 | 28 | 28 | 28 | 28 | 29 | 28 | 33 | 32 | 119 | 105 | |
Profit (loss) for the period before taxes9903 |
-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 taxes67/77 |
0 | 629 | 1,033 | 213 | 294 | - | - | - | - | - | - | -46 | 46 | - | - | - | - | - | |
Profit (loss) for the period9904 |
-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 appropriated9905 |
-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 appropriated9906 |
-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 equity691/2 |
0 | 1,232 | 1,895 | 1,108 | 2,913 | - | - | - | - | - | - | - | - | - | 300 | 64 | 326 | 211 | |
To the legal reserve6920 |
- | - | 95 | - | 146 | - | - | - | - | - | - | - | - | - | 300 | 64 | 326 | 211 | |
To other reserves6921 |
0 | 1,232 | 1,800 | 1,108 | 2,767 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
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.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 03-07-2024 | 2024-00228687 | |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00128420 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20074100 | |
| 31-12-2020 | micro format | 02-06-2021 | 2021-16700341 | |
| 31-12-2019 | micro format | 02-06-2020 | 2020-14000441 | |
| 31-12-2018 | micro format | 10-06-2019 | 2019-17600394 | |
| 31-12-2017 | micro format | 07-05-2018 | 2018-12300264 | |
| 31-12-2016 | micro format | 15-06-2017 | 2017-18100137 | |
| 31-12-2015 | full format | 02-06-2016 | 2016-14900533 | |
| 31-12-2014 | full format | 19-06-2015 | 2015-19200533 | |
| 31-12-2013 | full format | 10-06-2014 | 2014-16300599 | |
| 31-12-2012 | full format | 19-08-2013 | 2013-43800041 | |
| 31-12-2011 | full format | 19-07-2012 | 2012-31600201 | |
| 31-12-2010 | full format | 08-08-2011 | 2011-38500401 | |
| 31-12-2009 | full format | 27-08-2010 | 2010-49700341 | |
| 31-12-2008 | full format | 17-07-2009 | 2009-43700207 | |
| 31-12-2007 | full format | 09-06-2008 | 2008-20800129 | |
| 31-12-2006 | full format | 26-06-2007 | 2007-30700163 | |
| 31-12-2005 | full format | 07-06-2006 | 2006-20701021 | |
| 31-12-2004 | full format | 13-06-2005 | 2005-24604379 | |
| 31-12-2003 | full format | 23-06-2004 | 2004-30301742 | |
| 31-12-2002 | full format | 10-11-2003 | 2003-78703113 | |
| 31-12-2001 | full format | 10-09-2002 | 2002-54800142 | |
| 31-12-2000 | full format | 11-07-2001 | 2001-36303404 | |
| 31-12-1999 | full format | 11-08-2000 | 2000-51000381 | |
| 31-12-1998 | full format | 25-08-1999 | 1999-42404937 | |
| 31-12-1997 | full format | 21-12-1998 | 1998-62401103 | |
| 31-12-1996 | full format | 17-10-1997 | 1997-49503980 |
| Line | Trend | 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.
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.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2022 accounts of SIFRANCE DISTRIBUTION. Every holding stands with its own latest accounts.
The network starts from the directors of PHASE 2. Every other company they run is a node.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Articles of association, deed of 13-12-2023 (in French)
PHASE 2 is no longer in the KBO register. SIFRANCE DISTRIBUTION took it over in a merger by absorption, published in the Belgian Official Gazette on 22 February 2024.
If something looks wrong or is missing, please tell us.