PROFIL
InactiveFinancials · financial year 2022, micro format
Equity
€206,908▲ 1.1%
2021 · €204,569
Total assets
€363,339▲ 0.7%
2021 · €360,821
Net result
€2,339
2021 · -€1,294
Working capital
€192,991▲ 0.5%
2021 · €192,080
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result recovers in 2022; 2022 is 12% above 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€4,237
2022
Net result€2,339
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€363,339
2022
Equity€206,908
2022
Debt€156,430
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€192,991
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€21,046-€30,781▲ 46.3%€7,657▼ 75.1%€3,768▼ 50.8%€4,237▲ 12.4%
Net result€13,084-€24,901▲ 90.3%€1,959▼ 92.1%-€1,294€2,339
Equity€182,003-€206,904▲ 13.7%€205,863▼ 0.5%€204,569▼ 0.6%€206,908▲ 1.1%
Total assets€269,394-€268,070▼ 0.5%€324,247▲ 21.0%€360,821▲ 11.3%€363,339▲ 0.7%
Debt€87,391-€61,166▼ 30.0%€118,384▲ 93.5%€156,251▲ 32.0%€156,430▲ 0.1%
Working capital€179,634-€204,820▲ 14.0%€220,190▲ 7.5%€192,080▼ 12.8%€192,991▲ 0.5%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €363,339
Fixed assets
€43,901 ▼ 23.8%
Current assets
€319,437 ▲ 5.4%
Equity and liabilities €363,339
Equity
€206,908 ▲ 1.1%
Debt
€156,430 ▲ 0.1%
Debt's share of the balance-sheet total falls from 43.3% to 43.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,954▲
2021 · €9,307
Cash flow
€16,056▲
2021 · €4,245
Current ratio
2.53▼
2021 · 2.73
Debt to equity
0.76▼
2021 · 0.76
ROE
1.1%▲
2021 · -0.6%
ROA
0.6%▲
2021 · -0.4%
Interest coverage
9.01▲
2021 · 2.94
Debt ≤ 1 year
€126,446▲
2021 · €111,123
Debt > 1 year
€29,911▼
2021 · €45,055
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,246 | €2,285 | €2,710 | €5,539 | €13,717 | ▲ 148% |
| Other operating charges640/8 | - | - | - | €876 | €855 | ▼ 2.3% |
| Gross operating margin9900 | €26,054 | €36,889 | €10,926 | €10,183 | €18,809 | ▲ 84.7% |
| Operating profit (loss)9901 | €21,046 | €30,781 | €7,657 | €3,768 | €4,237 | ▲ 12.4% |
| Financial income75/76B | - | - | - | €30 | €94 | ▲ 215% |
| Recurring financial income75 | €10 | €3 | €21 | €30 | €94 | ▲ 215% |
| Financial charges65/66B | - | - | - | €3,167 | €1,992 | ▼ 37.1% |
| Recurring financial charges65 | €4,516 | €1,650 | €2,271 | €3,167 | €1,992 | ▼ 37.1% |
| Profit (loss) for the period before taxes9903 | €16,540 | €28,886 | €5,159 | €631 | €2,339 | ▲ 270% |
| Income taxes67/77 | €3,456 | €3,985 | €3,200 | €1,925 | - | - |
| Profit (loss) for the period9904 | €13,084 | €24,901 | €1,959 | -€1,294 | €2,339 | - |
| Profit (loss) for the period to be appropriated9905 | €13,084 | €24,901 | €1,959 | -€1,294 | €2,339 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €269,394 | €268,070 | €324,247 | €360,821 | €363,339 | ▲ 0.7% |
| Fixed assets21/28 | €2,368 | €2,084 | €11,774 | €57,618 | €43,901 | ▼ 23.8% |
| Tangible fixed assets22/27 | €2,368 | €2,084 | €11,774 | €57,618 | €43,901 | ▼ 23.8% |
| Plant, machinery and equipment23 | - | - | - | €3,951 | €2,256 | ▼ 42.9% |
| Furniture and vehicles24 | - | - | - | €53,667 | €41,645 | ▼ 22.4% |
| Current assets29/58 | €267,026 | €265,986 | €312,473 | €303,203 | €319,437 | ▲ 5.4% |
| Amounts receivable after more than one year29 | - | - | - | €248,852 | €248,852 | = |
| Other amounts receivable291 | - | - | - | €248,852 | €248,852 | = |
| Stocks and contracts in progress3 | €15,000 | - | €55,000 | - | - | - |
| Amounts receivable within one year40/41 | €247,400 | €8,874 | €7,060 | €22,210 | €27,873 | ▲ 25.5% |
| Trade receivables40 | - | - | - | - | €5,400 | - |
| Other amounts receivable41 | - | - | - | €22,210 | €22,473 | ▲ 1.2% |
| Cash at bank and in hand54/58 | €3,798 | €21,753 | €935 | €30,794 | €42,421 | ▲ 37.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,347 | €292 | ▼ 78.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €269,394 | €268,070 | €324,247 | €360,821 | €363,339 | ▲ 0.7% |
| Equity10/15 | €182,003 | €206,904 | €205,863 | €204,569 | €206,908 | ▲ 1.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | = |
| Reserves13 | €52,200 | €52,200 | €52,200 | €52,200 | €6,200 | ▼ 88.1% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €46,000 | - | - |
| Profit (loss) carried forward14 | €67,803 | €92,704 | €91,663 | €90,369 | €138,708 | ▲ 53.5% |
| Amounts payable17/49 | €87,391 | €61,166 | €118,384 | €156,251 | €156,430 | ▲ 0.1% |
| Amounts payable after more than one year17 | - | - | €26,101 | €45,055 | €29,911 | ▼ 33.6% |
| Financial debts170/4 | - | - | - | €45,055 | €29,911 | ▼ 33.6% |
| Amounts payable within one year42/48 | €87,391 | €61,166 | €92,283 | €111,123 | €126,446 | ▲ 13.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €16,505 | - |
| Financial debts43 | - | - | - | €16,265 | - | - |
| Credit institutions430/8 | - | - | - | €16,265 | - | - |
| Trade debts44 | €417 | €24,528 | €14,587 | €34,923 | €72,436 | ▲ 107% |
| Suppliers440/4 | - | - | - | €34,923 | €72,436 | ▲ 107% |
| Taxes, remuneration and social security45 | - | - | - | €7,491 | - | - |
| Taxes450/3 | - | - | - | €7,491 | - | - |
| Other amounts payable47/48 | - | - | - | €52,444 | €37,505 | ▼ 28.5% |
| Accrued charges and deferred income492/3 | - | - | - | €73 | €73 | ▲ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,084 | €24,901 | €1,959 | -€1,294 | €2,339 | - |
| + Depreciation and write-downs630 | €2,246 | €2,285 | €2,710 | €5,539 | €13,717 | ▲ 148% |
| Operating cash flow (approximation) | €15,330 | €27,186 | €4,669 | €4,245 | €16,056 | ▲ 278% |
| Investment in fixed assets (approximation) | - | -€2,000 | -€12,400 | -€51,383 | €0 | - |
| Change in cash | - | €17,955 | -€20,818 | €29,858 | €11,627 | ▼ 61.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 19-06-2023 | 2023-00145561 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20354959 |
| 31-12-2020 | micro format | 14-07-2021 | 2021-36600378 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50700338 |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-62800590 |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-53700195 |
| 31-12-2016 | abbreviated format | 04-07-2017 | 2017-28100170 |
| 31-12-2015 | abbreviated format | 26-08-2016 | 2016-50000172 |
| 31-12-2014 | abbreviated format | 18-06-2015 | 2015-19700460 |
| 31-12-2013 | abbreviated format | 31-08-2014 | 2014-57300007 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.