PROJECTFACTOR
InactiveFinancials · financial year 2022, abbreviated format
Turnover
≈ €120,000
Estimated: probably between €63,000 and €220,000
Total assets
€157,980▼ 10.9%
2021 · €177,405
Net result
€11,179▲ 238%
2021 · €3,308
Working capital
-€75,351▼ 7.4%
2021 · -€70,169
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 28% above 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€12,263
2022
Net result€11,179
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€157,980
2022
Equity-€35,739
2022
Debt€193,719
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€75,351
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€23,843-€24,791▲ 4.0%-€3,279€9,615€12,263▲ 27.5%
Net result€13,949-€15,803▲ 13.3%-€11,380€3,308€11,179▲ 238%
Equity-€54,648--€38,845▲ 28.9%-€50,225▼ 29.3%-€46,917▲ 6.6%-€35,739▲ 23.8%
Total assets€247,737-€238,867▼ 3.6%€200,845▼ 15.9%€177,405▼ 11.7%€157,980▼ 10.9%
Debt€302,385-€277,711▼ 8.2%€251,071▼ 9.6%€224,323▼ 10.7%€193,719▼ 13.6%
Working capital-€47,791--€41,887▲ 12.4%-€64,200▼ 53.3%-€70,169▼ 9.3%-€75,351▼ 7.4%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €157,980
Fixed assets
€144,386 ▼ 10.0%
Current assets
€13,594 ▼ 19.7%
Equity and liabilities
Equity-€35,739
Debt€193,719
Equity is negative: debt (€193,719) exceeds the balance-sheet total (€157,980).
Key figures and ratios
EBITDA
€28,363▼
2021 · €28,556
Cash flow
€27,279▲
2021 · €22,249
Solvency
-22.6%▲
2021 · -26.4%
Current ratio
0.15▼
2021 · 0.19
ROA
7.1%▲
2021 · 1.9%
Interest coverage
26.16
Debt ≤ 1 year
€88,945▲
2021 · €87,088
Debt > 1 year
€104,774▼
2021 · €137,235
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | €18,293 | €16,234 | €16,234 | €18,941 | €16,100 | ▼ 15.0% |
| Other operating charges640/8 | - | - | - | - | €4,432 | - |
| Gross operating margin9900 | €46,093 | €45,766 | €17,261 | €32,893 | €32,795 | ▼ 0.3% |
| Operating profit (loss)9901 | €23,843 | €24,791 | -€3,279 | €9,615 | €12,263 | ▲ 27.5% |
| Financial charges65/66B | - | - | - | - | €1,084 | - |
| Recurring financial charges65 | €9,894 | €8,988 | €8,101 | €6,307 | €1,084 | ▼ 82.8% |
| Profit (loss) for the period before taxes9903 | €13,949 | €15,803 | -€11,380 | €3,308 | €11,179 | ▲ 238% |
| Profit (loss) for the period9904 | €13,949 | €15,803 | -€11,380 | €3,308 | €11,179 | ▲ 238% |
| Profit (loss) for the period to be appropriated9905 | €13,949 | €15,803 | -€11,380 | €3,308 | €11,179 | ▲ 238% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €247,737 | €238,867 | €200,845 | €177,405 | €157,980 | ▼ 10.9% |
| Fixed assets21/28 | €211,896 | €195,662 | €179,428 | €160,486 | €144,386 | ▼ 10.0% |
| Tangible fixed assets22/27 | €211,646 | €195,412 | €179,178 | €160,236 | €144,136 | ▼ 10.0% |
| Land and buildings22 | - | - | - | - | €144,136 | - |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €35,841 | €43,205 | €21,418 | €16,919 | €13,594 | ▼ 19.7% |
| Amounts receivable within one year40/41 | €262 | €449 | €321 | €79 | €421 | ▲ 432% |
| Other amounts receivable41 | - | - | - | - | €421 | - |
| Cash at bank and in hand54/58 | €35,580 | €42,756 | €20,834 | €16,569 | €12,900 | ▼ 22.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €273 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €247,737 | €238,867 | €200,845 | €177,405 | €157,980 | ▼ 10.9% |
| Equity10/15 | -€54,648 | -€38,845 | -€50,225 | -€46,917 | -€35,739 | ▲ 23.8% |
| Contributions10/11 | €74,500 | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Capital10 | - | - | - | - | €74,500 | - |
| Issued capital100 | - | - | - | - | €74,500 | - |
| Reserves13 | €10,324 | €10,324 | €10,324 | €10,324 | €10,324 | = |
| Non-distributable reserves130/1 | - | - | - | - | €10,324 | - |
| Legal reserve130 | - | - | - | - | €10,324 | - |
| Profit (loss) carried forward14 | -€139,472 | -€123,669 | -€135,049 | -€131,741 | -€120,563 | ▲ 8.5% |
| Amounts payable17/49 | €302,385 | €277,711 | €251,071 | €224,323 | €193,719 | ▼ 13.6% |
| Amounts payable after more than one year17 | €218,752 | €192,619 | €165,453 | €137,235 | €104,774 | ▼ 23.7% |
| Financial debts170/4 | - | - | - | - | €102,974 | - |
| Other amounts payable178/9 | - | - | - | - | €1,800 | - |
| Amounts payable within one year42/48 | €83,633 | €85,092 | €85,618 | €87,088 | €88,945 | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €30,221 | - |
| Trade debts44 | - | €508 | €0 | €419 | €272 | ▼ 35.0% |
| Suppliers440/4 | - | - | - | - | €272 | - |
| Other amounts payable47/48 | - | - | - | - | €58,451 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,949 | €15,803 | -€11,380 | €3,308 | €11,179 | ▲ 238% |
| + Depreciation and write-downs630 | €18,293 | €16,234 | €16,234 | €18,941 | €16,100 | ▼ 15.0% |
| Operating cash flow (approximation) | €32,242 | €32,037 | €4,854 | €22,249 | €27,279 | ▲ 22.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €7,177 | -€21,923 | -€4,265 | -€3,670 | ▲ 13.9% |
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 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00254206 |
| 31-12-2021 | abbreviated format | 15-03-2022 | 2022-08000077 |
| 31-12-2020 | abbreviated format | 27-05-2021 | 2021-16200076 |
| 31-12-2019 | abbreviated format | 01-07-2020 | 2020-24700540 |
| 31-12-2018 | micro format | 13-06-2019 | 2019-18300120 |
| 31-12-2017 | micro format | 01-06-2018 | 2018-15900313 |
| 31-12-2016 | abbreviated format | 30-05-2017 | 2017-14000293 |
| 31-12-2015 | abbreviated format | 06-07-2016 | 2016-28500321 |
| 31-12-2014 | abbreviated format | 20-07-2015 | 2015-34200215 |
| 31-12-2013 | abbreviated format | 08-07-2014 | 2014-28300011 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.