PPMBE
Dissolution or liquidationFinancials · financial year 2020, abbreviated format
Turnover
≈ €1.4m
Estimated: probably between €870,000 and €2.5m
Total assets
€216,891▼ 62.6%
2019 · €579,572
Net result
-€132,876▲ 82.8%
2019 · -€773,743
Working capital
-€722,425▼ 48.6%
2019 · -€486,209
Trend over the years
2018 to 2020, 3 financial years 2018 to 2020, 3 financial years
The operating result stays negative: a loss of €121,982 in 2020 against €755,670 in 2019; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.1m
2020
Net result-€0.1m
2020
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.2m
2020
Equity-€0.7m
2020
Debt€0.9m
2020
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.7m
2020
Average staff in full-time equivalents (FTE).
Staff (FTE)20.1
2020
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result€0.2m--€0.8m-€0.1m▲ 83.9%
Net result€0.06m--€0.8m-€0.1m▲ 82.8%
Equity€0.2m--€0.5m-€0.7m▼ 24.4%
Total assets€1.3m-€0.6m▼ 55.3%€0.2m▼ 62.6%
Debt€1.1m-€1.1m▲ 1.0%€0.9m▼ 17.1%
Working capital€0.09m--€0.5m-€0.7m▼ 48.6%
Staff (FTE)25.6-24.6▼ 3.9%20.1▼ 18.3%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €216,891
Fixed assets
€63,904 ▲ 141%
Current assets
€152,988 ▼ 72.3%
Equity and liabilities
Equity-€677,821
Debt€894,713
Equity is negative: debt (€894,713) exceeds the balance-sheet total (€216,891).
Key figures and ratios
EBITDA
-€121,982▲
2019 · -€691,413
Cash flow
-€132,876▲
2019 · -€709,485
Solvency
-312.5%▼
2019 · -94.0%
Current ratio
0.17▼
2019 · 0.53
ROA
-61.3%▲
2019 · -133.5%
Debt ≤ 1 year
€875,412▼
2019 · €1.0m
Income taxes
€1,167▼
2019 · €5,839
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.06m | €0 | ▼ 100% |
| Gross operating margin9900 | €1.6m | €0.7m | €0.6m | ▼ 10.4% |
| Operating profit (loss)9901 | €0.2m | -€0.8m | -€0.1m | ▲ 83.9% |
| Recurring financial income75 | €180 | €0.007m | €22 | ▼ 99.7% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.01m | ▼ 48.9% |
| Profit (loss) for the period before taxes9903 | €0.1m | -€0.8m | -€0.1m | ▲ 82.8% |
| Income taxes67/77 | €0.09m | €0.006m | €0.001m | ▼ 80.0% |
| Profit (loss) for the period9904 | €0.06m | -€0.8m | -€0.1m | ▲ 82.8% |
| Profit (loss) for the period to be appropriated9905 | €0.06m | -€0.8m | -€0.1m | ▲ 82.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.3m | €0.6m | €0.2m | ▼ 62.6% |
| Fixed assets21/28 | €0.2m | €0.03m | €0.06m | ▲ 141% |
| Intangible fixed assets21 | €0.02m | €0 | - | - |
| Tangible fixed assets22/27 | €0.2m | €0 | - | - |
| Financial fixed assets28 | €0.04m | €0.03m | €0.06m | ▲ 141% |
| Current assets29/58 | €1.1m | €0.6m | €0.2m | ▼ 72.3% |
| Amounts receivable within one year40/41 | €0.7m | €0.3m | €0.02m | ▼ 94.6% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.1m | ▼ 43.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.3m | €0.6m | €0.2m | ▼ 62.6% |
| Equity10/15 | €0.2m | -€0.5m | -€0.7m | ▼ 24.4% |
| Contributions10/11 | €0.2m | €0.2m | - | - |
| Reserves13 | €0.004m | €0.004m | €0.004m | = |
| Profit (loss) carried forward14 | - | -€0.8m | -€0.9m | ▼ 17.2% |
| Provisions and deferred taxes16 | - | €0.05m | €0 | ▼ 100% |
| Amounts payable17/49 | €1.1m | €1.1m | €0.9m | ▼ 17.1% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €0.9m | ▼ 15.8% |
| Trade debts44 | €0.6m | €0.7m | €0.6m | ▼ 21.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,087 | -€773,743 | -€132,876 | ▲ 82.8% |
| + Depreciation and write-downs630 | €96,969 | €64,257 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €156,056 | -€709,485 | -€132,876 | ▲ 81.3% |
| Investment in fixed assets (approximation) | - | €146,500 | -€37,407 | - |
| Change in cash | - | -€117,490 | -€89,205 | ▲ 24.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2020 | abbreviated format | 05-07-2021 | 2021-30100300 |
| 31-12-2019 | abbreviated format | 20-12-2020 | 2020-76200205 |
| 31-12-2018 | abbreviated format | 12-07-2019 | 2019-34000408 |
| 31-12-2017 | full format | 30-08-2018 | 2018-58100349 |
| 31-12-2016 | full format | 20-07-2017 | 2017-34400116 |
| 31-12-2015 | full format | 15-07-2016 | 2016-33800018 |
| 31-12-2014 | full format | 06-07-2015 | 2015-28000138 |
| 31-12-2013 | full format | 12-09-2014 | 2014-58600453 |
| 31-12-2012 | full format | 19-06-2013 | 2013-19600309 |
| 31-12-2011 | full format | 30-10-2012 | 2012-62500254 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.