RAINCODE
InactiveFinancials · financial year 2022, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€560,413
2021 · €236,458
Working capital
€5.0m▼ 5.3%
2021 · €5.3m
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result turns negative in 2022: a loss of €597,545 after €317,106 in 2021, 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-€0.6m
2022
Net result-€0.6m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.0m
2022
Equity€4.8m
2022
Debt€1.2m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5.0m
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
Line2019202020212022
Operating result€0.5m-€0.5m▲ 7.5%€0.3m▼ 36.1%-€0.6m
Net result€1.4m-€0.4m▼ 73.1%€0.2m▼ 35.9%-€0.6m
Equity€4.7m-€5.1m▲ 7.8%€5.3m▲ 4.6%€4.8m▼ 10.5%
Total assets€5.4m-€6.0m▲ 11.2%€6.0m▼ 0.7%€6.0m▲ 0.6%
Debt€0.7m-€0.9m▲ 35.6%€0.6m▼ 30.3%€1.2m▲ 93.9%
Working capital€4.7m-€5.1m▲ 8.0%€5.3m▲ 4.4%€5.0m▼ 5.3%
Why a figure moved sharply
- 2020 Net result -73% on 2019. The previous financial year ran 18 months, this one 12.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €6.0m
Fixed assets
€520,308 ▲ 35×
Current assets
€5.5m ▼ 7.8%
Equity and liabilities €6.0m
Equity
€4.8m ▼ 10.5%
Debt
€1.2m ▲ 93.9%
Debt's share of the balance-sheet total rises from 10.6% to 20.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€590,654▼
2021 · €322,513
Cash flow
-€553,522▼
2021 · €241,866
Current ratio
12.21▲
2021 · 9.39
Debt to equity
0.26▲
2021 · 0.12
ROE
-11.7%▼
2021 · 4.4%
ROA
-9.3%▼
2021 · 4.0%
Interest coverage
-100.52▼
2021 · 26.26
Debt ≤ 1 year
€450,455▼
2021 · €635,914
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.01m | €0.005m | €0.007m | ▲ 27.4% |
| Other operating charges640/8 | - | - | €0.001m | €0.001m | = |
| Gross operating margin9900 | €0.5m | €0.5m | €0.3m | -€0.6m | - |
| Operating profit (loss)9901 | €0.5m | €0.5m | €0.3m | -€0.6m | - |
| Financial income75/76B | - | - | €0 | €0.04m | ▲ 2,150,380× |
| Recurring financial income75 | €1.0m | - | €0 | €0.04m | ▲ 2,150,380× |
| Financial charges65/66B | - | - | €0.01m | €0.006m | ▼ 52.2% |
| Recurring financial charges65 | €0.02m | €0.006m | €0.01m | €0.006m | ▼ 52.2% |
| Profit (loss) for the period before taxes9903 | €1.5m | €0.5m | €0.3m | -€0.6m | - |
| Income taxes67/77 | €0.08m | €0.1m | €0.07m | - | - |
| Profit (loss) for the period9904 | €1.4m | €0.4m | €0.2m | -€0.6m | - |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €0.4m | €0.2m | -€0.6m | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.4m | €6.0m | €6.0m | €6.0m | ▲ 0.6% |
| Fixed assets21/28 | €0.02m | €0.004m | €0.02m | €0.5m | ▲ 35× |
| Intangible fixed assets21 | - | - | - | €0.5m | - |
| Tangible fixed assets22/27 | €0.02m | €0.004m | €0.01m | €0.01m | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | €0.01m | €0.01m | ▼ 19.3% |
| Furniture and vehicles24 | - | - | - | €0.002m | - |
| Financial fixed assets28 | - | - | €0.001m | €0.001m | = |
| Current assets29/58 | €5.4m | €6.0m | €6.0m | €5.5m | ▼ 7.8% |
| Amounts receivable within one year40/41 | €2.7m | €3.7m | €3.3m | €3.2m | ▼ 4.2% |
| Trade receivables40 | - | - | €0.5m | €0.3m | ▼ 30.4% |
| Other amounts receivable41 | - | - | €2.9m | €2.9m | = |
| Current investments50/53 | €0.4m | - | - | - | - |
| Cash at bank and in hand54/58 | €2.4m | €2.3m | €2.6m | €2.3m | ▼ 12.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.4m | €6.0m | €6.0m | €6.0m | ▲ 0.6% |
| Equity10/15 | €4.7m | €5.1m | €5.3m | €4.8m | ▼ 10.5% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €4.7m | €5.1m | €5.3m | €4.8m | ▼ 10.5% |
| Amounts payable17/49 | €0.7m | €0.9m | €0.6m | €1.2m | ▲ 93.9% |
| Amounts payable within one year42/48 | €0.7m | €0.9m | €0.6m | €0.5m | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | - | - | €0.1m | - | - |
| Trade debts44 | €0.5m | €0.3m | €0.3m | €0.3m | ▲ 4.0% |
| Suppliers440/4 | - | - | €0.3m | €0.3m | ▲ 4.0% |
| Taxes, remuneration and social security45 | - | - | €0.1m | - | - |
| Taxes450/3 | - | - | €0.1m | - | - |
| Other amounts payable47/48 | - | - | €0.1m | €0.2m | ▲ 29.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.8m | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €0.4m | €0.2m | -€0.6m | - |
| + Depreciation and write-downs630 | €0.03m | €0.01m | €0.005m | €0.007m | ▲ 27.4% |
| Operating cash flow (approximation) | €1.4m | €0.4m | €0.2m | -€0.6m | - |
| Investment in fixed assets (approximation) | - | -€0.003m | -€0.02m | -€0.5m | ▼ 2,972% |
| Change in cash | - | -€0.02m | €0.3m | -€0.3m | - |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 12-07-2023 | 2023-00227423 |
| 31-12-2021 | full format | 01-07-2022 | 2022-20125400 |
| 31-12-2020 | full format | 09-08-2021 | 2021-47200569 |
| 31-12-2019 | full format | 07-09-2020 | 2020-51600026 |
| 30-06-2018 | full format | 11-01-2019 | 2019-00800596 |
| 30-06-2017 | full format | 22-01-2018 | 2018-02000032 |
| 30-06-2016 | full format | 03-01-2017 | 2017-00200486 |
| 30-06-2015 | full format | 07-01-2016 | 2016-00600432 |
| 30-06-2014 | full format | 07-01-2015 | 2015-00400339 |
| 30-06-2013 | full format | 06-01-2014 | 2014-00200403 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.