Plus One CF
Open bankruptcyFinancials · financial year 2022, full format
2022 annual accounts filed 80 days after the deadline Filed on 19 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00490600.
Annual accounts 2022 filed on 19-10-2023 PDF all 4 filings
Turnover
€54,576▲ 222%
2019 · €16,966
EBIT margin
6.3%▲ 250.1pp
2019 · -243.8%
Net result
€18,987
2021 · -€597
Working capital
€7,493
2021 · -€6,313
Multi-year overview
2019 to 2022, 4 financial yearsTurnover
no figure
2022
20192022
Operating result
€19,840
▲ 49×
2022
20192022
Net result
€18,987
2022
middle half of the sector
20192022
EBIT margin
no figure
2022
20192022
Equity
€38,802
▲ 96.2%
2022
middle half of the sector
20192022
Total assets
€120,861
▲ 3.2%
2022
lowest quarter of the sector
20192022
Debt
€82,058
▼ 15.7%
2022
20192022
Working capital
€7,493
2022
middle half of the sector
20192022
Solvency
32.1%
▲ 15.2pp
2022
middle half of the sector
20192022
Current ratio
1.24
▲ 0.48
2022
middle half of the sector
20192022
Return on assets (ROA)
15.7%
▲ 16.2pp
2022
highest quarter of the sector
20192022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Turnover€16,966-€54,576▲ 222%
Operating result-€41,364-€3,429€407▼ 88.1%€19,840▲ 49×
Net result-€42,870-€3,243within the sector's middle half-€597within the sector's middle half€18,987within the sector's middle half
EBIT margin-243.8%-6.3%▲ 250.1pp
Equity€17,130-€20,373within the sector's middle half▲ 18.9%€19,776within the sector's middle half▼ 2.9%€38,802within the sector's middle half▲ 96.2%
Total assets€133,444-€123,538below the sector's middle half▼ 7.4%€117,153below the sector's middle half▼ 5.2%€120,861below the sector's middle half▲ 3.2%
Debt€116,314-€103,164▼ 11.3%€97,377▼ 5.6%€82,058▼ 15.7%
Working capital-€3,295-€4,704within the sector's middle half-€6,313within the sector's middle half€7,493within the sector's middle half
Solvency12.8%-16.5%within the sector's middle half▲ 3.7pp16.9%within the sector's middle half▲ 0.4pp32.1%within the sector's middle half▲ 15.2pp
Current ratio0.80-1.37within the sector's middle half▲ 0.560.76within the sector's middle half▼ 0.601.24within the sector's middle half▲ 0.48
Return on assets (ROA)-32.1%-2.6%within the sector's middle half▲ 34.8pp-0.5%within the sector's middle half▼ 3.1pp15.7%above the sector's middle half▲ 16.2pp
above
within
below
The sector band is the middle half of the companies in Sports, amusement and recreation activities (NACE 93). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2022 is 49 times that of 2021 and the highest since 2019. It is a recovery after the fall in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €120,861
Fixed assets
€82,349 ▼ 14.8%
Current assets
€38,512 ▲ 88.2%
Equity and liabilities €120,861
Equity
€38,802 ▲ 96.2%
Debt
€82,058 ▼ 15.7%
Debt's share of the balance-sheet total falls from 83.1% to 67.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34,183▲
2021 · €14,527
Cash flow
€33,330▲
2021 · €13,523
Debt to equity
2.11▼
2021 · 4.92
ROE
48.9%▲
2021 · -3.0%
Interest coverage
14.97▲
2021 · 7.48
Debt ≤ 1 year
€31,019▲
2021 · €26,774
Debt > 1 year
€51,040▼
2021 · €70,603
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €4,804 | - |
| Depreciation and write-downs of the year | €14,120 | €14,343 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €16,966 | €54,576 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,862 | €13,862 | €14,120 | €14,343 | ▲ 1.6% |
| Other operating charges640/8 | - | - | €1,223 | €360 | ▼ 70.6% |
| Gross operating margin9900 | -€27,155 | €17,663 | €15,750 | €34,543 | ▲ 119% |
| Operating profit (loss)9901 | -€41,364 | €3,429 | €407 | €19,840 | ▲ 49× |
| Financial income75/76B | - | - | €939 | €1,431 | ▲ 52.4% |
| Recurring financial income75 | €380 | €957 | €939 | €1,431 | ▲ 52.4% |
| Financial charges65/66B | - | - | €1,943 | €2,283 | ▲ 17.5% |
| Recurring financial charges65 | €1,886 | €1,142 | €1,943 | €2,283 | ▲ 17.5% |
| Profit (loss) for the period before taxes9903 | -€42,870 | €3,243 | -€597 | €18,987 | - |
| Profit (loss) for the period9904 | -€42,870 | €3,243 | -€597 | €18,987 | - |
| Profit (loss) for the period to be appropriated9905 | -€42,870 | €3,243 | -€597 | €18,987 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €133,444 | €123,538 | €117,153 | €120,861 | ▲ 3.2% |
| Fixed assets21/28 | €119,870 | €106,008 | €96,692 | €82,349 | ▼ 14.8% |
| Intangible fixed assets21 | €3,910 | €2,933 | €1,955 | €978 | ▼ 50.0% |
| Tangible fixed assets22/27 | €115,960 | €103,075 | €94,737 | €81,371 | ▼ 14.1% |
| Plant, machinery and equipment23 | - | - | €70,315 | €60,336 | ▼ 14.2% |
| Furniture and vehicles24 | - | - | €24,422 | €21,036 | ▼ 13.9% |
| Current assets29/58 | €13,574 | €17,529 | €20,461 | €38,512 | ▲ 88.2% |
| Amounts receivable within one year40/41 | €10,340 | €10,688 | €16,641 | €34,901 | ▲ 110% |
| Other amounts receivable41 | - | - | €16,641 | €34,901 | ▲ 110% |
| Cash at bank and in hand54/58 | €3,144 | €6,724 | €3,820 | €3,611 | ▼ 5.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €133,444 | €123,538 | €117,153 | €120,861 | ▲ 3.2% |
| Equity10/15 | €17,130 | €20,373 | €19,776 | €38,802 | ▲ 96.2% |
| Contributions10/11 | - | - | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | -€42,870 | -€39,627 | -€40,224 | -€21,198 | ▲ 47.3% |
| Amounts payable17/49 | €116,314 | €103,164 | €97,377 | €82,058 | ▼ 15.7% |
| Amounts payable after more than one year17 | €99,445 | €90,339 | €70,603 | €51,040 | ▼ 27.7% |
| Financial debts170/4 | - | - | €50,603 | €31,040 | ▼ 38.7% |
| Other amounts payable178/9 | - | - | €20,000 | €20,000 | = |
| Amounts payable within one year42/48 | €16,869 | €12,825 | €26,774 | €31,019 | ▲ 15.9% |
| Current portion of amounts payable after more than one year42 | - | - | €19,736 | €21,319 | ▲ 8.0% |
| Trade debts44 | €1,584 | €279 | €4,497 | €7,158 | ▲ 59.2% |
| Suppliers440/4 | - | - | €4,497 | €7,158 | ▲ 59.2% |
| Other amounts payable47/48 | - | - | €2,541 | €2,541 | = |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,870 | €3,243 | -€597 | €18,987 | - |
| + Depreciation and write-downs630 | €13,862 | €13,862 | €14,120 | €14,343 | ▲ 1.6% |
| Operating cash flow (approximation) | -€29,008 | €17,105 | €13,523 | €33,330 | ▲ 146% |
| Investment in fixed assets (approximation) | - | €0 | -€4,804 | €0 | - |
| Change in cash | - | €3,580 | -€2,904 | -€208 | ▲ 92.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.