QUANTUM
InactiveFinancials · financial year 2021, abbreviated format
2021 annual accounts filed late (9 days) Filed on 9 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20278581.
Turnover
≈ €1.4m
Estimated: probably between €850,000 and €2.4m
Total assets
€2.6m▲ 6.5%
2020 · €2.5m
Net result
€422,914▼ 34.8%
2020 · €648,191
Working capital
-€166,291▲ 47.7%
2020 · -€318,161
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result falls in 2021; 2021 is 38% below 2020.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.6m
2021
Net result€0.4m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.6m
2021
Equity€2.1m
2021
Debt€0.2m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.2m
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.04m-€0.02m▼ 51.9%€0.9m▲ 45×€0.6m▼ 37.8%
Net result€0.03m-€0.01m▼ 52.0%€0.6m▲ 47×€0.4m▼ 34.8%
Equity€0.8m-€0.2m▼ 79.2%€1.7m▲ 942%€2.1m▲ 25.5%
Total assets€0.8m-€0.2m▼ 79.6%€2.5m▲ 15×€2.6m▲ 6.5%
Debt€0.02m-€0.6m€0.2m▼ 65.6%
Working capital€0.7m--€0.3m-€0.2m▲ 47.7%
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
2021 in colour, 2020 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.6m ▲ 12.1%
Current assets
€36,173 ▼ 76.6%
Equity and liabilities €2.6m
Equity
€2.1m ▲ 25.5%
Provisions
€329,064 ▲ 68.4%
Debt
€208,714 ▼ 65.6%
Debt's share of the balance-sheet total falls from 24.6% to 8.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€583,432
Cash flow
€440,737
Current ratio
0.18▼
2020 · 0.33
Debt to equity
0.10▲
2020 · 0.08
ROE
20.3%▼
2020 · 39.1%
ROA
16.2%▼
2020 · 26.4%
Interest coverage
over 100
Debt ≤ 1 year
€202,464▼
2020 · €472,830
Income taxes
€7,891▼
2020 · €31,257
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,583 | €11,169 | - | €17,822 | - |
| Other operating charges640/8 | - | - | - | €16,159 | - |
| Gross operating margin9900 | €58,612 | €45,107 | €928,331 | €599,591 | ▼ 35.4% |
| Operating profit (loss)9901 | €41,541 | €19,978 | €908,619 | €565,610 | ▼ 37.8% |
| Recurring financial income75 | €29 | €26 | €692 | - | - |
| Financial charges65/66B | - | - | - | €1,094 | - |
| Recurring financial charges65 | €235 | €283 | €34,509 | €1,094 | ▼ 96.8% |
| Profit (loss) for the period before taxes9903 | €41,335 | €19,721 | €874,801 | €564,515 | ▼ 35.5% |
| Transfer from deferred taxes780 | - | - | - | €2,692 | - |
| Transfer to deferred taxes680 | - | - | - | €136,402 | - |
| Income taxes67/77 | €12,333 | €5,802 | €31,257 | €7,891 | ▼ 74.8% |
| Profit (loss) for the period9904 | €29,002 | €13,919 | €648,191 | €422,914 | ▼ 34.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €8,077 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €409,207 | - |
| Profit (loss) for the period to be appropriated9905 | €29,002 | €13,919 | €62,130 | €21,785 | ▼ 64.9% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.8m | €0.2m | €2.5m | €2.6m | ▲ 6.5% |
| Fixed assets21/28 | €0.08m | €0.07m | €2.3m | €2.6m | ▲ 12.1% |
| Tangible fixed assets22/27 | €0.08m | €0.07m | €2.3m | €2.6m | ▲ 12.1% |
| Land and buildings22 | - | - | - | €2.6m | - |
| Current assets29/58 | €0.7m | €0.09m | €0.2m | €0.04m | ▼ 76.6% |
| Amounts receivable within one year40/41 | €0.03m | €0.01m | €0.03m | €0.02m | ▼ 24.1% |
| Trade receivables40 | - | - | - | €0.001m | - |
| Other amounts receivable41 | - | - | - | €0.02m | - |
| Current investments50/53 | €0.3m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.07m | €0.1m | €0.01m | ▼ 90.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.8m | €0.2m | €2.5m | €2.6m | ▲ 6.5% |
| Equity10/15 | €0.8m | €0.2m | €1.7m | €2.1m | ▲ 25.5% |
| Contributions10/11 | €0.4m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | - |
| Issued capital100 | - | - | - | €0.06m | - |
| Revaluation surpluses12 | - | - | - | €0.9m | - |
| Reserves13 | €0.02m | €0.02m | €0.6m | €1.0m | ▲ 65.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | - |
| Legal reserve130 | - | - | - | €0.02m | - |
| Tax-exempt reserves132 | - | - | - | €1.0m | - |
| Profit (loss) carried forward14 | €0.3m | €0.07m | €0.1m | €0.2m | ▲ 15.9% |
| Provisions and deferred taxes16 | - | - | €0.2m | €0.3m | ▲ 68.4% |
| Deferred taxes168 | - | - | - | €0.3m | - |
| Amounts payable17/49 | €0.02m | - | €0.6m | €0.2m | ▼ 65.6% |
| Amounts payable after more than one year17 | - | - | €0.1m | - | - |
| Amounts payable within one year42/48 | €0.02m | - | €0.5m | €0.2m | ▼ 57.2% |
| Trade debts44 | €0.009m | - | €0.02m | €0.2m | ▲ 876% |
| Suppliers440/4 | - | - | - | €0.2m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | - |
| Taxes450/3 | - | - | - | €0.008m | - |
| Other amounts payable47/48 | - | - | - | €0.02m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.01m | €0.6m | €0.4m | ▼ 34.8% |
| + Depreciation and write-downs630 | €0.005m | €0.01m | - | €0.02m | - |
| Operating cash flow (approximation) | €0.03m | €0.03m | €0.6m | €0.4m | ▼ 32.0% |
| Investment in fixed assets (approximation) | - | €0 | -€2.2m | -€0.3m | ▲ 86.8% |
| Change in cash | - | -€0.3m | €0.05m | -€0.1m | - |
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 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | abbreviated format | 09-08-2022 | 2022-20278581 |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-44100348 |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-22800193 |
| 30-12-2018 | micro format | 17-07-2019 | 2019-34100360 |
| 30-12-2017 | micro format | 29-06-2018 | 2018-27700203 |
| 30-12-2016 | abbreviated format | 30-06-2017 | 2017-26100426 |
| 30-12-2015 | full format | 05-07-2016 | 2016-28400195 |
| 30-12-2014 | full format | 29-06-2015 | 2015-26100306 |
| 30-12-2013 | abbreviated format | 02-07-2014 | 2014-27000293 |
| 30-12-2012 | abbreviated format | 02-07-2013 | 2013-26400556 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.