Q-DISPATCH
InactiveFinancials · financial year 2023, abbreviated format
Equity
€317▼ 95.5%
2022 · €7,062
Total assets
€27,195▲ 82.8%
2022 · €14,875
Net result
-€6,745▼ 1,481%
2022 · -€427
Working capital
-€3,183
2022 · €3,462
Trend over the years
2021 to 2023, 3 financial years
The operating result stays negative: a loss of €6,714 in 2023 against €186 in 2022; the loss grows and 2023 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€6,714
2023
Net result-€6,745
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€27,195
2023
Equity€317
2023
Debt€26,878
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€3,183
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023
Operating result-€4,545--€186▲ 95.9%-€6,714▼ 3,517%
Net result-€4,512--€427▲ 90.5%-€6,745▼ 1,481%
Equity€7,488-€7,062▼ 5.7%€317▼ 95.5%
Total assets€13,962-€14,875▲ 6.5%€27,195▲ 82.8%
Debt€6,474-€7,813▲ 20.7%€26,878▲ 244%
Working capital€6,467-€3,462▼ 46.5%-€3,183
Staff (FTE)0.5-1.3▲ 160%0▼ 100%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €27,195
Fixed assets
€3,500 ▼ 2.8%
Current assets
€23,695 ▲ 110%
Equity and liabilities €27,195
Equity
€317 ▼ 95.5%
Debt
€26,878 ▲ 244%
Debt's share of the balance-sheet total rises from 52.5% to 98.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,614▼
2022 · €214
Cash flow
-€6,645▼
2022 · -€27
Current ratio
0.88▼
2022 · 1.44
ROA
-24.8%▼
2022 · -2.9%
Interest coverage
-210.36▼
2022 · 0.89
Debt ≤ 1 year
€26,878▲
2022 · €7,813
Staff costs
€1,169▼
2022 · €20,880
Equity ratios withheld: equity of €317 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,216 | - |
| Remuneration, social security and pensions62 | €17,638 | €20,880 | €1,169 | ▼ 94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €195 | €400 | €100 | ▼ 75.0% |
| Other operating charges640/8 | €1,808 | €2,197 | €0 | ▼ 100% |
| Non-recurring operating charges66A | - | €1,022 | €0 | ▼ 100% |
| Gross operating margin9900 | €15,096 | €24,313 | -€5,445 | - |
| Operating profit (loss)9901 | -€4,545 | -€186 | -€6,714 | ▼ 3,517% |
| Financial income75/76B | €99 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €99 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €66 | €241 | €31 | ▼ 87.0% |
| Recurring financial charges65 | €66 | €241 | €31 | ▼ 87.0% |
| Profit (loss) for the period before taxes9903 | -€4,512 | -€427 | -€6,745 | ▼ 1,481% |
| Profit (loss) for the period9904 | -€4,512 | -€427 | -€6,745 | ▼ 1,481% |
| Profit (loss) for the period to be appropriated9905 | -€4,512 | -€427 | -€6,745 | ▼ 1,481% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €13,962 | €14,875 | €27,195 | ▲ 82.8% |
| Fixed assets21/28 | €1,022 | €3,600 | €3,500 | ▼ 2.8% |
| Intangible fixed assets21 | - | €3,600 | €3,500 | ▼ 2.8% |
| Tangible fixed assets22/27 | €1,022 | €0 | - | - |
| Plant, machinery and equipment23 | €1,022 | €0 | - | - |
| Current assets29/58 | €12,940 | €11,275 | €23,695 | ▲ 110% |
| Amounts receivable within one year40/41 | €9,361 | €8,397 | €22,194 | ▲ 164% |
| Trade receivables40 | €3,977 | €6,638 | €19,000 | ▲ 186% |
| Other amounts receivable41 | €5,384 | €1,759 | €3,194 | ▲ 81.6% |
| Cash at bank and in hand54/58 | €2,148 | €2,788 | €1,501 | ▼ 46.1% |
| Deferred charges and accrued income490/1 | €1,431 | €90 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €13,962 | €14,875 | €27,195 | ▲ 82.8% |
| Equity10/15 | €7,488 | €7,062 | €317 | ▼ 95.5% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | = |
| Profit (loss) carried forward14 | -€4,512 | -€4,938 | -€11,683 | ▼ 137% |
| Amounts payable17/49 | €6,474 | €7,813 | €26,878 | ▲ 244% |
| Amounts payable within one year42/48 | €6,474 | €7,813 | €26,878 | ▲ 244% |
| Trade debts44 | €1,323 | €1,020 | €26,878 | ▲ 26× |
| Suppliers440/4 | €1,323 | €1,020 | €26,878 | ▲ 26× |
| Advances received on contracts in progress46 | - | €5,718 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €4,412 | €1,074 | €0 | ▼ 100% |
| Taxes450/3 | €2,292 | €6 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €2,120 | €1,068 | €0 | ▼ 100% |
| Other amounts payable47/48 | €739 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,512 | -€427 | -€6,745 | ▼ 1,481% |
| + Depreciation and write-downs630 | €195 | €400 | €100 | ▼ 75.0% |
| Operating cash flow (approximation) | -€4,317 | -€27 | -€6,645 | ▼ 24,695% |
| Investment in fixed assets (approximation) | - | -€2,978 | €0 | - |
| Change in cash | - | €640 | -€1,287 | - |
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 (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 05-05-2023 | abbreviated format | 05-10-2023 | 2023-00472162 |
| 31-12-2022 | abbreviated format | 28-08-2023 | 2023-00359965 |
| 31-12-2021 | abbreviated format | 12-08-2022 | 2022-20284792 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.