POLYPIT
InactiveFinancials · financial year 2021, micro format
Equity
€185,874▲ 9.5%
2020 · €169,744
Total assets
€340,584▲ 3.1%
2020 · €330,313
Net result
€16,130▼ 79.6%
2020 · €79,214
Working capital
-€124,140▲ 14.4%
2020 · -€144,950
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result falls in 2021; 2021 is 77% below 2020.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€24,239
2021
Net result€16,130
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€340,584
2021
Equity€185,874
2021
Debt€154,710
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€124,140
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€79-€30,871▲ 390×€105,396▲ 241%€24,239▼ 77.0%
Net result€514-€28,454▲ 55×€79,214▲ 178%€16,130▼ 79.6%
Equity€62,876-€91,330▲ 45.3%€169,744▲ 85.9%€185,874▲ 9.5%
Total assets€296,231-€333,501▲ 12.6%€330,313▼ 1.0%€340,584▲ 3.1%
Debt€233,354-€242,171▲ 3.8%€160,568▼ 33.7%€154,710▼ 3.6%
Working capital-€212,080--€181,854▲ 14.3%-€144,950▲ 20.3%-€124,140▲ 14.4%
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 €340,584
Fixed assets
€310,014 ▼ 1.5%
Current assets
€30,569 ▲ 95.7%
Equity and liabilities €340,584
Equity
€185,874 ▲ 9.5%
Debt
€154,710 ▼ 3.6%
Debt's share of the balance-sheet total falls from 48.6% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,918▼
2020 · €108,186
Cash flow
€20,810▼
2020 · €82,004
Current ratio
0.20▲
2020 · 0.10
Debt to equity
0.83
ROE
8.7%▼
2020 · 46.7%
ROA
4.7%▼
2020 · 24.0%
Interest coverage
over 100
Debt ≤ 1 year
€154,710▼
2020 · €160,568
Income taxes
€8,072▼
2020 · €26,152
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,772 | €1,772 | €2,789 | €4,680 | ▲ 67.8% |
| Other operating charges640/8 | - | - | - | €6,429 | - |
| Gross operating margin9900 | €7,077 | €37,961 | €114,515 | €35,347 | ▼ 69.1% |
| Operating profit (loss)9901 | €79 | €30,871 | €105,396 | €24,239 | ▼ 77.0% |
| Recurring financial income75 | €561 | - | - | - | - |
| Financial charges65/66B | - | - | - | €37 | - |
| Recurring financial charges65 | €126 | €49 | €30 | €37 | ▲ 22.5% |
| Profit (loss) for the period before taxes9903 | €514 | €30,822 | €105,366 | €24,202 | ▼ 77.0% |
| Income taxes67/77 | - | €2,368 | €26,152 | €8,072 | ▼ 69.1% |
| Profit (loss) for the period9904 | €514 | €28,454 | €79,214 | €16,130 | ▼ 79.6% |
| Profit (loss) for the period to be appropriated9905 | €514 | €28,454 | €79,214 | €16,130 | ▼ 79.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €296,231 | €333,501 | €330,313 | €340,584 | ▲ 3.1% |
| Fixed assets21/28 | €274,956 | €273,184 | €314,694 | €310,014 | ▼ 1.5% |
| Tangible fixed assets22/27 | €24,956 | €23,184 | €64,694 | €60,014 | ▼ 7.2% |
| Land and buildings22 | - | - | - | €60,014 | - |
| Financial fixed assets28 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Current assets29/58 | €21,274 | €60,316 | €15,618 | €30,569 | ▲ 95.7% |
| Amounts receivable within one year40/41 | €17,034 | €56,091 | €11,439 | €22,258 | ▲ 94.6% |
| Trade receivables40 | - | - | - | €10,000 | - |
| Other amounts receivable41 | - | - | - | €12,258 | - |
| Cash at bank and in hand54/58 | €4,240 | €4,056 | €4,179 | €8,311 | ▲ 98.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €296,231 | €333,501 | €330,313 | €340,584 | ▲ 3.1% |
| Equity10/15 | €62,876 | €91,330 | €169,744 | €185,874 | ▲ 9.5% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | - |
| Issued capital100 | - | - | - | €61,500 | - |
| Reserves13 | €6,150 | €29,830 | €108,244 | €124,374 | ▲ 14.9% |
| Non-distributable reserves130/1 | - | - | - | €6,150 | - |
| Legal reserve130 | - | - | - | €6,150 | - |
| Distributable reserves133 | - | - | - | €118,224 | - |
| Profit (loss) carried forward14 | -€4,774 | - | - | - | - |
| Amounts payable17/49 | €233,354 | €242,171 | €160,568 | €154,710 | ▼ 3.6% |
| Amounts payable within one year42/48 | €233,354 | €242,171 | €160,568 | €154,710 | ▼ 3.6% |
| Trade debts44 | €594 | €1,423 | €2,067 | €976 | ▼ 52.8% |
| Suppliers440/4 | - | - | - | €976 | - |
| Taxes, remuneration and social security45 | - | - | - | €45,597 | - |
| Taxes450/3 | - | - | - | €44,178 | - |
| Remuneration and social security454/9 | - | - | - | €1,419 | - |
| Other amounts payable47/48 | - | - | - | €108,137 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €514 | €28,454 | €79,214 | €16,130 | ▼ 79.6% |
| + Depreciation and write-downs630 | €1,772 | €1,772 | €2,789 | €4,680 | ▲ 67.8% |
| Operating cash flow (approximation) | €2,286 | €30,226 | €82,004 | €20,810 | ▼ 74.6% |
| Investment in fixed assets (approximation) | - | €0 | -€44,300 | €0 | - |
| Change in cash | - | -€184 | €123 | €4,132 | ▲ 33× |
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 43 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 24-06-2022 | 2022-20095523 |
| 31-12-2020 | micro format | 28-07-2021 | 2021-42000022 |
| 31-12-2019 | micro format | 10-07-2020 | 2020-29000444 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61400437 |
| 31-12-2017 | micro format | 24-07-2018 | 2018-38400547 |
| 31-12-2016 | micro format | 17-08-2017 | 2017-44000355 |
| 31-12-2015 | abbreviated format | 04-07-2016 | 2016-27100232 |
| 31-12-2014 | abbreviated format | 22-07-2015 | 2015-33200245 |
| 31-12-2013 | abbreviated format | 26-06-2014 | 2014-23100589 |
| 31-12-2012 | abbreviated format | 06-08-2013 | 2013-40200112 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.