POFI
Bankruptcy closedFinancials · financial year 2023, abbreviated format
2023 annual accounts filed 6 days after the deadline Filed on 6 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00333368.
Annual accounts 2023 filed on 06-08-2024 PDF all 21 filings
Turnover
≈ €48,000
Estimated: probably between €20,000 and €120,000
Total assets
€152,367▲ 108%
2022 · €73,326
Net result
-€5,598▼ 271%
2022 · -€1,507
Working capital
-€39,619▼ 45.1%
2022 · -€27,307
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€9,598
2023
20182023
Net result
-€5,598
▼ 271%
2023
20182023
Equity
-€17,614
▼ 46.6%
2023
20182023
Total assets
€152,367
▲ 108%
2023
20182023
Debt
€169,981
▲ 99.2%
2023
20182023
Working capital
-€39,619
▼ 45.1%
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€2,569--€10,010▼ 290%-€16,310▼ 62.9%-€12,219▲ 25.1%€742-€9,598
Net result-€4,163--€11,790▼ 183%-€17,540▼ 48.8%-€15,195▲ 13.4%-€1,507▲ 90.1%-€5,598▼ 271%
Equity€21,617-€22,227▲ 2.8%€4,687▼ 78.9%-€10,508-€12,016▼ 14.3%-€17,614▼ 46.6%
Total assets€63,971-€65,451▲ 2.3%€53,567▼ 18.2%€82,360▲ 53.8%€73,326▼ 11.0%€152,367▲ 108%
Debt€42,354-€43,225▲ 2.1%€48,881▲ 13.1%€92,868▲ 90.0%€85,342▼ 8.1%€169,981▲ 99.2%
Working capital€8,877-€4,556▼ 48.7%-€11,413-€32,230▼ 182%-€27,307▲ 15.3%-€39,619▼ 45.1%
The operating result for 2023 is a loss of €9,598, after a profit of €742 in 2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €152,367
Fixed assets
€27,072 ▲ 75.0%
Current assets
€125,295 ▲ 117%
Equity and liabilities
Equity-€17,614
Debt€169,981
Equity is negative. Debt (€169,981) exceeds the balance-sheet total (€152,367).
Key figures and ratios
EBITDA
€797▼
2022 · €7,348
Cash flow
€4,796▼
2022 · €5,099
Solvency
-11.6%▲
2022 · -16.4%
Current ratio
0.76▲
2022 · 0.68
Quick ratio
0.65▲
2022 · 0.60
ROA
-3.7%▼
2022 · -2.1%
Interest coverage
0.30▼
2022 · 2.80
Debt ≤ 1 year
€164,914▲
2022 · €85,167
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €11,692 | - | - |
| Intangible fixed assets | - | - | €22,000 |
| Depreciation and write-downs of the year | €7,480 | €6,606 | €10,394 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,122 | €8,523 | €6,034 | €7,480 | €6,606 | €10,394 | ▲ 57.3% |
| Other operating charges640/8 | - | - | - | €7,173 | €6,497 | €6,297 | ▼ 3.1% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - |
| Gross operating margin9900 | €9,891 | €1,492 | -€2,594 | €2,435 | €13,846 | €7,094 | ▼ 48.8% |
| Operating profit (loss)9901 | -€2,569 | -€10,010 | -€16,310 | -€12,219 | €742 | -€9,598 | - |
| Financial income75/76B | - | - | - | €115 | €377 | €6,632 | ▲ 18× |
| Recurring financial income75 | - | €101 | €2 | €115 | €377 | €6,632 | ▲ 18× |
| Financial charges65/66B | - | - | - | €3,091 | €2,626 | €2,633 | ▲ 0.3% |
| Recurring financial charges65 | €1,594 | €1,863 | €1,112 | €3,091 | €2,626 | €2,633 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€4,163 | -€11,772 | -€17,421 | -€15,195 | -€1,507 | -€5,598 | ▼ 271% |
| Income taxes67/77 | - | €18 | €119 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€4,163 | -€11,790 | -€17,540 | -€15,195 | -€1,507 | -€5,598 | ▼ 271% |
| Profit (loss) for the period to be appropriated9905 | -€4,163 | -€11,790 | -€17,540 | -€15,195 | -€1,507 | -€5,598 | ▼ 271% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €63,971 | €65,451 | €53,567 | €82,360 | €73,326 | €152,367 | ▲ 108% |
| Fixed assets21/28 | €17,740 | €17,671 | €17,861 | €22,072 | €15,466 | €27,072 | ▲ 75.0% |
| Intangible fixed assets21 | - | - | - | - | - | €17,600 | - |
| Tangible fixed assets22/27 | €17,560 | €17,491 | €17,842 | €22,054 | €15,448 | €9,453 | ▼ 38.8% |
| Land and buildings22 | - | - | - | €2,932 | €1,722 | €512 | ▼ 70.3% |
| Plant, machinery and equipment23 | - | - | - | €13,437 | €10,068 | €6,700 | ▼ 33.5% |
| Furniture and vehicles24 | - | - | - | €5,685 | €3,657 | €2,242 | ▼ 38.7% |
| Financial fixed assets28 | €180 | €180 | €19 | €19 | €19 | €19 | = |
| Current assets29/58 | €46,231 | €47,780 | €35,706 | €60,287 | €57,860 | €125,295 | ▲ 117% |
| Stocks and contracts in progress3 | €5,404 | €5,893 | €1,450 | €5,450 | €6,773 | €17,500 | ▲ 158% |
| Stocks30/36 | - | - | - | €5,450 | €6,773 | €17,500 | ▲ 158% |
| Amounts receivable within one year40/41 | €27,478 | €19,162 | €17,467 | €33,274 | €40,911 | €52,257 | ▲ 27.7% |
| Trade receivables40 | - | - | - | €30,754 | €26,141 | €34,578 | ▲ 32.3% |
| Other amounts receivable41 | - | - | - | €2,521 | €14,770 | €17,679 | ▲ 19.7% |
| Cash at bank and in hand54/58 | €13,348 | €20,501 | €14,987 | €20,600 | €7,973 | €32,894 | ▲ 313% |
| Deferred charges and accrued income490/1 | - | - | - | €962 | €2,203 | €22,644 | ▲ 928% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €63,971 | €65,451 | €53,567 | €82,360 | €73,326 | €152,367 | ▲ 108% |
| Equity10/15 | €21,617 | €22,227 | €4,687 | -€10,508 | -€12,016 | -€17,614 | ▼ 46.6% |
| Contributions10/11 | €6,200 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,360 | €3,627 | €3,627 | €3,627 | €3,627 | €3,627 | = |
| Distributable reserves133 | - | - | - | €3,627 | €3,627 | €3,627 | = |
| Profit (loss) carried forward14 | €57 | - | -€17,540 | -€32,735 | -€34,242 | -€39,841 | ▼ 16.3% |
| Amounts payable17/49 | €42,354 | €43,225 | €48,881 | €92,868 | €85,342 | €169,981 | ▲ 99.2% |
| Amounts payable after more than one year17 | €5,000 | - | €1,761 | €176 | €0 | - | - |
| Financial debts170/4 | - | - | - | €176 | €0 | - | - |
| Amounts payable within one year42/48 | €37,354 | €43,225 | €47,119 | €92,517 | €85,167 | €164,914 | ▲ 93.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,874 | €176 | €0 | ▼ 100% |
| Trade debts44 | €23,844 | €31,900 | €33,828 | €67,307 | €52,705 | €93,908 | ▲ 78.2% |
| Suppliers440/4 | - | - | - | €67,307 | €52,705 | €93,908 | ▲ 78.2% |
| Advances received on contracts in progress46 | - | - | - | €260 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,076 | €11,456 | €1,128 | ▼ 90.1% |
| Taxes450/3 | - | - | - | €1,076 | €9,320 | €1,128 | ▼ 87.9% |
| Remuneration and social security454/9 | - | - | - | - | €2,136 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €20,000 | €20,830 | €69,878 | ▲ 235% |
| Accrued charges and deferred income492/3 | - | - | - | €175 | €175 | €5,067 | ▲ 29× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,163 | -€11,790 | -€17,540 | -€15,195 | -€1,507 | -€5,598 | ▼ 271% |
| + Depreciation and write-downs630 | €9,122 | €8,523 | €6,034 | €7,480 | €6,606 | €10,394 | ▲ 57.3% |
| Operating cash flow (approximation) | €4,959 | -€3,267 | -€11,506 | -€7,715 | €5,099 | €4,796 | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | -€8,454 | -€6,224 | -€11,692 | €0 | -€22,000 | - |
| Change in cash | - | €7,153 | -€5,514 | €5,613 | -€12,628 | €24,922 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 06-08-2024 | 2024-00333368 | |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00233952 | |
| 31-12-2021 | abbreviated format | 11-08-2022 | 2022-20282488 | |
| 31-12-2020 | abbreviated format | 10-07-2021 | 2021-34000254 | |
| 31-12-2019 | abbreviated format | 15-10-2020 | 2020-61500470 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46600352 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52600117 | |
| 31-12-2016 | micro format | 18-08-2017 | 2017-44400497 | |
| 31-12-2015 | abbreviated format | 08-08-2016 | 2016-40900233 | |
| 31-12-2014 | abbreviated format | 27-07-2015 | 2015-35000525 |