PHLIPS
InactiveFinancials · financial year 2021, micro format
2021 annual accounts filed late (75 days) Filed on 14 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20461636.
Equity
-€583,106▲ 0.4%
2020 · -€585,477
Total assets
€94,888▲ 11.5%
2020 · €85,109
Net result
€2,371▼ 92.5%
2020 · €31,585
Working capital
-€349,080▲ 1.2%
2020 · -€353,242
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result turns negative in 2021: a loss of €550 after €31,659 in 2020.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€550
2021
Net result€2,371
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€94,888
2021
Equity-€583,106
2021
Debt€677,994
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€349,080
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)2.7
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€3,061--€1,664€31,659-€550
Net result€1,420--€2,775€31,585€2,371▼ 92.5%
Equity-€614,287--€617,062▼ 0.5%-€585,477▲ 5.1%-€583,106▲ 0.4%
Total assets€48,982-€21,239▼ 56.6%€85,109▲ 301%€94,888▲ 11.5%
Debt€663,268-€638,301▼ 3.8%€670,586▲ 5.1%€677,994▲ 1.1%
Working capital-€384,182--€385,892▼ 0.4%-€353,242▲ 8.5%-€349,080▲ 1.2%
Staff (FTE)4.8-4.8=3▼ 37.5%2.7▼ 10.0%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €94,888
Fixed assets
€700 ▼ 60.3%
Current assets
€94,188 ▲ 13.0%
Equity and liabilities
Equity-€583,106
Debt€677,994
Equity is negative: debt (€677,994) exceeds the balance-sheet total (€94,888).
Key figures and ratios
EBITDA
€515▼
2020 · €32,724
Cash flow
€3,436▼
2020 · €32,650
Solvency
-614.5%▲
2020 · -687.9%
Current ratio
0.21▲
2020 · 0.19
ROA
2.5%▼
2020 · 37.1%
Interest coverage
45.80
Debt ≤ 1 year
€443,268▲
2020 · €436,586
Debt > 1 year
€210,000=
2020 · €210,000
Income taxes
-€14▼
2020 · €91
Staff costs
€152,690
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €152,690 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,844 | €1,065 | €1,065 | €1,065 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€28,825 | - |
| Other operating charges640/8 | - | - | - | €29,454 | - |
| Gross operating margin9900 | €257,351 | €234,461 | €189,681 | €153,835 | ▼ 18.9% |
| Operating profit (loss)9901 | €3,061 | -€1,664 | €31,659 | -€550 | - |
| Financial income75/76B | - | - | - | €2,918 | - |
| Recurring financial income75 | €36 | €0 | €56 | €2,918 | ▲ 5,086% |
| Financial charges65/66B | - | - | - | €11 | - |
| Recurring financial charges65 | €1,440 | €898 | €40 | €11 | ▼ 71.6% |
| Profit (loss) for the period before taxes9903 | €1,657 | -€2,561 | €31,676 | €2,357 | ▼ 92.6% |
| Income taxes67/77 | €238 | €214 | €91 | -€14 | - |
| Profit (loss) for the period9904 | €1,420 | -€2,775 | €31,585 | €2,371 | ▼ 92.5% |
| Profit (loss) for the period to be appropriated9905 | €1,420 | -€2,775 | €31,585 | €2,371 | ▼ 92.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48,982 | €21,239 | €85,109 | €94,888 | ▲ 11.5% |
| Fixed assets21/28 | €3,895 | €2,830 | €1,765 | €700 | ▼ 60.3% |
| Tangible fixed assets22/27 | €3,195 | €2,130 | €1,065 | - | - |
| Financial fixed assets28 | €700 | €700 | €700 | €700 | = |
| Current assets29/58 | €45,087 | €18,409 | €83,344 | €94,188 | ▲ 13.0% |
| Amounts receivable within one year40/41 | €43,205 | €12,271 | €80,327 | €91,557 | ▲ 14.0% |
| Trade receivables40 | - | - | - | €53,836 | - |
| Other amounts receivable41 | - | - | - | €37,722 | - |
| Cash at bank and in hand54/58 | €1,882 | €6,138 | €3,017 | €2,631 | ▼ 12.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48,982 | €21,239 | €85,109 | €94,888 | ▲ 11.5% |
| Equity10/15 | -€614,287 | -€617,062 | -€585,477 | -€583,106 | ▲ 0.4% |
| Contributions10/11 | €136,340 | €136,340 | €136,340 | €136,340 | = |
| Capital10 | - | - | - | €136,340 | - |
| Issued capital100 | - | - | - | €136,340 | - |
| Reserves13 | €13,634 | €13,634 | €13,634 | €13,634 | = |
| Non-distributable reserves130/1 | - | - | - | €13,634 | - |
| Legal reserve130 | - | - | - | €13,634 | - |
| Profit (loss) carried forward14 | -€764,261 | -€767,036 | -€735,451 | -€733,080 | ▲ 0.3% |
| Amounts payable17/49 | €663,268 | €638,301 | €670,586 | €677,994 | ▲ 1.1% |
| Amounts payable after more than one year17 | €210,000 | €210,000 | €210,000 | €210,000 | = |
| Other amounts payable178/9 | - | - | - | €210,000 | - |
| Amounts payable within one year42/48 | €429,268 | €404,301 | €436,586 | €443,268 | ▲ 1.5% |
| Trade debts44 | €256,269 | €253,535 | €251,240 | €254,033 | ▲ 1.1% |
| Suppliers440/4 | - | - | - | €254,033 | - |
| Taxes, remuneration and social security45 | - | - | - | €22,947 | - |
| Taxes450/3 | - | - | - | €5,770 | - |
| Remuneration and social security454/9 | - | - | - | €17,177 | - |
| Other amounts payable47/48 | - | - | - | €166,288 | - |
| Accrued charges and deferred income492/3 | - | - | - | €24,726 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,420 | -€2,775 | €31,585 | €2,371 | ▼ 92.5% |
| + Depreciation and write-downs630 | €8,844 | €1,065 | €1,065 | €1,065 | = |
| Operating cash flow (approximation) | €10,264 | -€1,710 | €32,650 | €3,436 | ▼ 89.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €4,256 | -€3,121 | -€386 | ▲ 87.6% |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 14-10-2022 | 2022-20461636 |
| 31-12-2020 | micro format | 30-11-2021 | 2021-78800086 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66900301 |
| 31-12-2018 | micro format | 28-10-2019 | 2019-71600125 |
| 31-12-2017 | micro format | 30-10-2018 | 2018-70700453 |
| 31-12-2016 | micro format | 27-09-2017 | 2017-63300473 |
| 31-12-2015 | abbreviated format | 31-10-2016 | 2016-67200160 |
| 31-12-2014 | abbreviated format | 23-09-2015 | 2015-59600570 |
| 31-12-2013 | abbreviated format | 28-07-2014 | 2014-35800030 |
| 31-12-2012 | abbreviated format | 20-06-2013 | 2013-19700466 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.