ProWelding
Annual accounts 2022
abbreviated format, filed on 01-09-2023, 32 days lateTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €930,000. Estimated: probably between €590,000 and €1.3m.
Balance sheet
balance sheet total €655,124 on 31-12-2022in euro
in euro
Position in the sector
-9.1%
Lower than 95% of 6,821 companies in 2022.
0.91
Higher than 12% of 6,797 companies in 2022.
-45.8%
Lower than 95% of 6,807 companies in 2022.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: top quarter
Staff
€39,247
Staff costs divided by the average number of full-time equivalents.
+3 people
In 2022, 105 people joined and 102 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
655,124 | 685,841 | 618,143 | 357,006 | |
21/28 |
7,011 | 6,072 | - | - | |
22/27 |
2,511 | 1,572 | - | - | |
23 |
2,511 | 1,572 | - | - | |
28 |
4,500 | 4,500 | - | - | |
29/58 |
648,113 | 679,769 | 618,143 | 357,006 | |
40/41 |
611,506 | 637,917 | 573,668 | 356,331 | |
40 |
512,236 | 577,745 | 558,090 | 355,719 | |
41 |
99,270 | 60,172 | 15,578 | 612 | |
54/58 |
29,182 | 36,215 | 36,741 | 32 | |
490/1 |
7,424 | 5,636 | 7,734 | 643 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
655,124 | 685,841 | 618,143 | 357,006 | |
10/15 |
-59,589 | 240,512 | 144,433 | 96,497 | |
10/11 |
18,600 | 18,600 | 18,600 | - | |
11 |
- | - | - | 18,600 | |
1100/10 |
- | - | - | 18,600 | |
14 |
-78,189 | 221,912 | 125,833 | 77,897 | |
17/49 |
714,713 | 445,328 | 473,710 | 260,510 | |
42/48 |
714,713 | 445,328 | 473,710 | 260,510 | |
44 |
526,480 | 295,782 | 435,465 | 208,961 | |
440/4 |
526,480 | 295,782 | 435,465 | 208,961 | |
46 |
13,253 | - | - | - | |
45 |
174,980 | 149,547 | 34,862 | 44,944 | |
450/3 |
97,005 | 116,183 | 34,862 | 19,991 | |
454/9 |
77,974 | 33,364 | - | 24,953 | |
47/48 |
- | - | 3,383 | 6,605 | |
| Income statement | |||||
9900 |
307,355 | 536,859 | 265,884 | 111,097 | |
62 |
588,705 | 385,213 | 191,843 | 13,056 | |
630 |
1,604 | 252 | - | - | |
640/8 |
7,273 | 2,737 | 2,907 | 106 | |
9901 |
-290,227 | 148,657 | 71,134 | 97,935 | |
75/76B |
3,286 | 3,001 | 349 | - | |
75 |
3,286 | 3,001 | 349 | - | |
65/66B |
12,729 | 15,759 | 9,345 | 48 | |
65 |
12,729 | 15,759 | 9,345 | 48 | |
9903 |
-299,670 | 135,899 | 62,139 | 97,887 | |
67/77 |
431 | 39,819 | 14,202 | 19,991 | |
9904 |
-300,101 | 96,079 | 47,936 | 77,897 | |
9905 |
-300,101 | 96,079 | 47,936 | 77,897 | |
| Appropriation of the result | |||||
9906 |
-78,189 | 221,912 | 125,833 | 77,897 | |
14P |
221,912 | 125,833 | - | - | |
| Social balance sheet | |||||
9087 |
15 | 11.1 | 7 | 2 | |
Hours worked1013 |
22,860 | 16,574 | 10,462 | 707 | |
| Document | |||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2022 (PDF), filed on 01-09-2023.
Filings
each dot is a set of accounts, on the day it reached the National Bank2022 annual accounts filed 32 days after the deadline. Filed on 1 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00427353.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| -288,623 | 148,909 | - | - | ||
| -298,497 | 96,331 | - | - | ||
| 2,543 | 6,324 | - | - | ||
| -7,033 | -526 | 36,709 | - | ||
| -66,600 | 234,440 | 144,433 | 96,497 | ||
| -9.1% | 35.1% | 23.4% | 27.0% | ||
| 0.91 | 1.53 | 1.30 | 1.37 | ||
| - | 1.85 | 3.28 | 2.70 | ||
| - | 39.9% | 33.2% | 80.7% | ||
| -45.8% | 14.0% | 7.8% | 21.8% | ||
| -22.67 | 9.45 | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | 26 | 23 |
| full-time | 17 | 8 |
| part-time | 9 | 15 |
| in full-time equivalents | 18.8 | 11.5 |
| 15 | 11.1 | |
| On a permanent contract | 26 | 23 |
| Joined | 105 | 101 |
| Left | 102 | 91 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
fixed assets acquired| Item | 2022 | 2021 |
|---|---|---|
| Tangible fixed assets | €2,543 | €1,824 |
| Financial fixed assets | - | €4,500 |
| €1,604 | €252 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Insights on ProWelding
The operating result for 2022 is a loss of €290,227, after a profit of €148,657 in 2021. It is the lowest result since 2019.
Equity is negative. Debt (€714,713) exceeds the balance-sheet total (€655,124).