PJMA
Annual accounts 2022
abbreviated format, filed on 28-04-2023, 2 days before the deadlineGross margin
-€76
▼ €114,308
Operating result
-€280
▼ €113,493
Profit
€10.1m
▲ 36×
Working capital
€6.4m
▲ €8.1m
Solvency
100.0%
▲ 24.6 percentage points
Current ratio
-
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €30.9m on 30-09-2022What the company ownsHow it is paid for
Change in equityin €m
Change in cashin euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
Total assets20/58 |
30.9m | 27.6m | 28.0m | 24.5m | 23.4m | 25.1m | 21.0m | 21.1m | 20.9m | 20.9m | 16.3m | 16.0m | 16.0m | 16.0m | |
Fixed assets21/28 |
24.5m | 22.5m | 21.4m | 21.1m | 21.1m | 21.0m | 21.0m | 20.9m | 20.6m | 20.6m | 16.0m | 16.0m | 16.0m | 16.0m | |
Financial fixed assets28 |
24.5m | 22.5m | 21.4m | 21.1m | 21.1m | 21.0m | 21.0m | 20.9m | 20.6m | 20.6m | 16.0m | 16.0m | 16.0m | 16.0m | |
Current assets29/58 |
6.4m | 5.0m | 6.7m | 3.5m | 2.2m | 4.1m | 23,799 | 267,895 | 227,605 | 284,171 | 303,283 | 205 | 478 | 546 | |
Amounts receivable after more than one year29 |
37,474 | 299,219 | 293,499 | 500,000 | 500,000 | 250,000 | - | - | - | - | - | - | - | - | |
Other amounts receivable291 |
37,474 | 299,219 | 293,499 | 500,000 | 500,000 | 250,000 | - | - | - | - | - | - | - | - | |
Amounts receivable within one year40/41 |
6.2m | 4.4m | 4.5m | 2.8m | 1.3m | 857,951 | - | 265,000 | 200,000 | 250,000 | 200,000 | - | - | - | |
Trade receivables40 |
- | - | - | - | 50 | 209 | - | - | - | - | - | - | - | - | |
Other amounts receivable41 |
6.2m | 4.4m | 4.5m | 2.8m | 1.3m | 857,742 | - | 265,000 | 200,000 | 250,000 | 200,000 | - | - | - | |
Cash at bank and in hand54/58 |
81,425 | 296,151 | 1.9m | 151,054 | 439,183 | 3.0m | 23,195 | 2,291 | 27,000 | 33,566 | 102,678 | 205 | 478 | 546 | |
Deferred charges and accrued income490/1 |
- | - | - | - | - | - | 604 | 604 | 604 | 604 | 604 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
Total equity and liabilities10/49 |
30.9m | 27.6m | 28.0m | 24.5m | 23.4m | 25.1m | 21.0m | 21.1m | 20.9m | 20.9m | 16.3m | 16.0m | 16.0m | 16.0m | |
Equity10/15 |
30.9m | 20.8m | 20.5m | 20.6m | 20.3m | 20.3m | 17.1m | 17.3m | 17.6m | 17.6m | 15.5m | 13.1m | 13.2m | 13.2m | |
Contributions10/11 |
9.9m | 9.9m | 9.9m | 9.9m | 9.9m | 9.9m | 12.9m | 12.9m | 12.9m | 12.9m | 13.3m | 13.3m | 13.3m | 13.3m | |
Issued capital100 |
- | - | - | 9.9m | 9.9m | 9.9m | 12.9m | 12.9m | 12.9m | 12.9m | 13.3m | 13.3m | 13.3m | 13.3m | |
Reserves13 |
1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 120,411 | - | - | - | |
Non-distributable reserves130/1 |
1.3m | 1.3m | 1.3m | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
- | - | - | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 120,411 | - | - | - | |
Reserves not available under the articles1311 |
1.3m | 1.3m | 1.3m | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) carried forward14 |
19.7m | 9.7m | 9.4m | 9.5m | 9.1m | 9.2m | 2.9m | 3.2m | 3.5m | 3.5m | 2.2m | -137,216 | -58,820 | -10,199 | |
Amounts payable17/49 |
51 | 6.8m | 7.5m | 3.9m | 3.1m | 4.8m | 3.9m | 3.8m | 3.3m | 3.3m | 805,470 | 2.9m | 2.8m | 2.8m | |
Amounts payable after more than one year17 |
- | - | - | 687,204 | 7,068 | 1.5m | 1.9m | 1.8m | 1.3m | 400,000 | 800,000 | 2.9m | 2.7m | 2.6m | |
Financial debts170/4 |
- | - | - | 687,204 | 7,068 | 1.5m | 1.9m | 1.8m | 1.3m | 400,000 | 800,000 | 2.9m | 2.7m | 2.6m | |
Amounts payable within one year42/48 |
51 | 6.8m | 7.5m | 3.2m | 3.1m | 3.2m | 2.1m | 2.1m | 2.0m | 2.9m | 5,470 | 7,431 | 156,657 | 160,746 | |
Trade debts44 |
51 | - | - | - | 2,750 | 2,962 | 3,739 | 3,382 | 2,904 | 7,631 | 4,457 | 6,431 | 86,485 | 9,746 | |
Suppliers440/4 |
51 | - | - | - | 2,750 | 2,962 | 3,739 | 3,382 | 2,904 | 7,631 | 4,457 | 6,431 | 86,485 | 9,746 | |
Taxes, remuneration and social security45 |
- | - | 9,210 | 63,446 | 25,519 | 55,620 | 48,296 | 66,643 | - | - | - | - | - | - | |
Taxes450/3 |
- | - | 9,210 | 63,446 | 25,519 | 55,620 | 48,296 | 66,643 | - | - | - | - | - | - | |
Other amounts payable47/48 |
- | 6.8m | 7.5m | 3.1m | 3.1m | 3.2m | 2.0m | 2.0m | 2.0m | 2.9m | 1,012 | 1,000 | 70,172 | 151,000 | |
Accrued charges and deferred income492/3 |
- | - | - | - | 7,068 | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||
Gross operating margin9900 |
-76 | 114,232 | 95,101 | 2,431 | -435 | -1,844 | -979 | -1,236 | -1,692 | -8,919 | -2,264 | -1,082 | -716 | -8,926 | |
Goods, raw materials, services and sundry goods60/61 |
76 | - | - | - | 435 | 1,844 | 979 | 1,236 | 1,692 | 8,919 | 2,264 | 1,082 | -716 | 8,926 | |
Other operating charges640/8 |
204 | 1,019 | 968 | 966 | 1,000 | 962 | 960 | 961 | 987 | 958 | 56 | 54 | 129 | 65 | |
Operating profit (loss)9901 |
-280 | 113,213 | 94,133 | 1,465 | -1,435 | -2,806 | -1,939 | -2,197 | -2,679 | -9,877 | -2,320 | -1,136 | -845 | -8,991 | |
Financial income75/76B |
10.1m | 342,423 | 304,243 | 768,744 | 24,005 | 6.5m | 0 | 3,850 | 6,134 | 2.5m | 2.5m | - | 5 | 18 | |
Recurring financial income75 |
10.1m | 342,423 | 304,243 | 768,744 | 24,005 | 6.5m | 0 | 3,850 | 6,134 | 2.5m | 2.5m | - | 5 | 18 | |
Financial charges65/66B |
526 | 176,187 | 528,328 | 388,877 | 92,315 | 201,318 | 224,167 | 301,585 | 5,295 | 11,396 | 89,457 | 77,260 | 47,781 | 1,226 | |
Recurring financial charges65 |
526 | 176,187 | 528,328 | 388,877 | 92,315 | 201,318 | 224,167 | 301,585 | 5,295 | 11,396 | 89,457 | 77,260 | 47,781 | 1,226 | |
Profit (loss) for the period before taxes9903 |
10.1m | 279,449 | -129,952 | 381,332 | -69,744 | 6.3m | -226,106 | -299,933 | -1,839 | 2.5m | 2.4m | -78,396 | -48,621 | -10,199 | |
Income taxes67/77 |
- | - | - | - | - | - | - | 1 | - | - | - | - | - | - | |
Profit (loss) for the period9904 |
10.1m | 279,449 | -129,952 | 381,332 | -69,744 | 6.3m | -226,106 | -299,933 | -1,839 | 2.5m | 2.4m | -78,396 | -48,621 | -10,199 | |
Profit (loss) for the period to be appropriated9905 |
10.1m | 279,449 | -129,952 | 381,332 | -69,744 | 6.3m | -226,106 | -299,933 | -1,839 | 2.5m | 2.4m | -78,396 | -48,621 | -10,199 | |
| Appropriation of the result | |||||||||||||||
Profit (loss) to be appropriated9906 |
19.7m | 9.7m | 9.4m | 9.5m | 9.1m | 9.2m | 2.9m | 3.2m | 3.5m | 4.6m | 2.3m | -137,216 | -58,820 | -10,199 | |
Profit (loss) brought forward from the previous period14P |
9.7m | 9.4m | - | - | - | - | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
- | - | - | - | - | - | - | - | - | 1.2m | 120,411 | - | - | - | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | - | 1.2m | 120,411 | - | - | - | |
Profit to be distributed694/7 |
- | - | - | - | - | 50,000 | - | - | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
- | - | - | - | - | 50,000 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 3 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 2022 (PDF), filed on 28-04-2023.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00075998 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20361942 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-64000502 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-47900040 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56300099 | |
| 31-12-2017 | abbreviated format | 13-08-2018 | 2018-45200273 | |
| 31-12-2016 | abbreviated format | 22-08-2017 | 2017-46600004 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55100319 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-53600012 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-54200396 | |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-52800406 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-54000154 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-52000188 | |
| 31-12-2009 | abbreviated format | 31-08-2010 | 2010-49100114 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investment in fixed assets | 2.0m | 1.1m | 378,552 | 250,000 | 130,000 | 6,194 | 120,000 | 250,000 | - | 4.6m | 6,194 | - | 25,000 | 16.0m | |
| Change in cash | -214,726 | -1.6m | 1.7m | -288,128 | -2.5m | 3.0m | 20,904 | -24,709 | -6,566 | -69,112 | 102,473 | -273 | -69 | - | |
| Working capital | 6.4m | -1.7m | -879,596 | 242,111 | -848,580 | 857,417 | -2.0m | -1.8m | -1.8m | -2.6m | 297,813 | -7,225 | -156,179 | -160,199 | |
| Solvency | 100.0% | 75.4% | 73.1% | 84.1% | 86.7% | 81.0% | 81.3% | 81.9% | 84.4% | 84.2% | 95.1% | 81.9% | 82.4% | 82.8% | |
| Current ratio | - | 0.74 | 0.88 | 1.08 | 0.73 | 1.26 | 0.01 | 0.13 | 0.11 | 0.10 | 55.45 | 0.03 | 0.00 | 0.00 | |
| Debt to equity | 0.00 | 0.33 | 0.37 | 0.19 | 0.15 | 0.23 | 0.23 | 0.22 | 0.18 | 0.19 | 0.05 | 0.22 | 0.21 | 0.21 | |
| ROE | 32.6% | 1.3% | -0.6% | 1.8% | -0.3% | 31.0% | -1.3% | -1.7% | 0.0% | 14.1% | 15.5% | -0.6% | -0.4% | -0.1% | |
| ROA | 32.6% | 1.0% | -0.5% | 1.6% | -0.3% | 25.1% | -1.1% | -1.4% | 0.0% | 11.9% | 14.8% | -0.5% | -0.3% | -0.1% | |
| Supplier credit | 245 days | - | - | - | 2310 days | 586 days | 1394 days | 999 days | 626 days | 312 days | 718 days | 2170 days | - | 399 days |
A ratio outside any meaningful range has been withheld (balance sheet total €30.9m, equity €30.9m).
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.
Investments
fixed assets acquired| Item | 30-09-2022 | 2021 |
|---|---|---|
| Financial fixed assets | €2.0m | €1.1m |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Insights on PJMA
The operating result for 2022 is a loss of €280, after a profit of €113,213 in 2021. It is the lowest result since 2018.
Debt's share of the balance-sheet total falls from 24.6% to 0.0%. Equity is higher and debt is lower.
Large changes and their cause
- 2022 Net result +3,503% on 2021. This financial year ran 9 months, the previous one 12.