RECORD
InactiveFinancials · financial year 2023, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56,022
2022 · -€53,720
Working capital
€231,341▲ 12×
2022 · €18,608
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result returns to profit in 2023: €66,286 after a loss of €41,989 in 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.07m
2023
Net result€0.06m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.6m
2023
Equity€0.2m
2023
Debt€0.4m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)4
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
Line201820192020202120222023
Operating result€0.02m--€0.004m€0.08m€0.02m▼ 72.0%-€0.04m€0.07m
Net result€0.002m--€0.008m€0.05m€0.005m▼ 90.0%-€0.05m€0.06m
Equity€0.1m-€0.1m▼ 5.5%€0.2m▲ 36.6%€0.2m▲ 2.7%€0.1m▼ 45.7%€0.2m▲ 53.3%
Total assets€1.1m-€0.9m▼ 18.9%€0.9m▼ 0.9%€0.8m▼ 14.3%€0.6m▼ 21.6%€0.6m▼ 6.2%
Debt€1.0m-€0.8m▼ 20.9%€0.7m▼ 7.7%€0.6m▼ 18.8%€0.5m▼ 13.4%€0.4m▼ 18.9%
Working capital€0.06m--€0.009m€0.03m€0.05m▲ 49.7%€0.02m▼ 60.1%€0.2m▲ 12×
Staff (FTE)6.1-7.8▲ 27.9%6▼ 23.1%4.5▼ 25.0%3.9▼ 13.3%4▲ 2.6%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €562,423
Fixed assets
€86,664 ▼ 37.2%
Current assets
€475,759 ▲ 3.1%
Equity and liabilities €562,423
Equity
€161,125 ▲ 53.3%
Debt
€401,298 ▼ 18.9%
Debt's share of the balance-sheet total falls from 82.5% to 71.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137,843▲
2022 · €54,138
Cash flow
€127,579▲
2022 · €42,407
Current ratio
1.95▲
2022 · 1.04
Debt to equity
2.49▼
2022 · 4.71
ROE
34.8%▲
2022 · -51.1%
ROA
10.0%▲
2022 · -9.0%
Interest coverage
9.33▲
2022 · 4.38
Debt ≤ 1 year
€244,418▼
2022 · €443,069
Debt > 1 year
€150,808▲
2022 · €51,595
Income taxes
-€3,122▼
2022 · €2,523
Staff costs
€194,630▲
2022 · €167,834
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,727 | €7,378 | €6,047 | ▼ 18.0% |
| Remuneration, social security and pensions62 | - | - | - | €194,607 | €167,834 | €194,630 | ▲ 16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,232 | €72,642 | €102,996 | €111,684 | €96,127 | €71,556 | ▼ 25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €14,625 | - | - | - |
| Other operating charges640/8 | - | - | - | €28,334 | €58 | €4,005 | ▲ 69× |
| Non-recurring operating charges66A | - | - | - | €6,708 | €13,585 | €39 | ▼ 99.7% |
| Gross operating margin9900 | €497,684 | €370,165 | €535,341 | €378,268 | €235,616 | €336,516 | ▲ 42.8% |
| Operating profit (loss)9901 | €16,762 | -€4,136 | €79,735 | €22,310 | -€41,989 | €66,286 | - |
| Financial income75/76B | - | - | - | €4,206 | €3,153 | €1,385 | ▼ 56.1% |
| Recurring financial income75 | €1,102 | €11,025 | €13,634 | €4,206 | €3,153 | €1,385 | ▼ 56.1% |
| Financial charges65/66B | - | - | - | €18,609 | €12,362 | €14,771 | ▲ 19.5% |
| Recurring financial charges65 | €11,588 | €18,868 | €26,697 | €18,609 | €12,362 | €14,771 | ▲ 19.5% |
| Profit (loss) for the period before taxes9903 | €6,325 | -€11,980 | €66,672 | €7,906 | -€51,197 | €52,900 | - |
| Income taxes67/77 | €4,143 | -€3,948 | €16,140 | €2,832 | €2,523 | -€3,122 | - |
| Profit (loss) for the period9904 | €2,182 | -€8,031 | €50,532 | €5,074 | -€53,720 | €56,022 | - |
| Profit (loss) for the period to be appropriated9905 | €2,182 | -€8,031 | €50,532 | €5,074 | -€53,720 | €56,022 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.1m | €0.9m | €0.9m | €0.8m | €0.6m | €0.6m | ▼ 6.2% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.09m | ▼ 37.2% |
| Intangible fixed assets21 | €0.1m | €0.1m | €0.08m | €0.1m | €0.06m | €0.03m | ▼ 53.8% |
| Tangible fixed assets22/27 | €0.08m | €0.07m | €0.1m | €0.1m | €0.07m | €0.06m | ▼ 23.4% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.004m | ▲ 252% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.04m | €0.02m | ▼ 39.0% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.04m | €0.03m | ▼ 18.0% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.002m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.9m | €0.7m | €0.7m | €0.5m | €0.5m | €0.5m | ▲ 3.1% |
| Amounts receivable within one year40/41 | €0.8m | €0.7m | €0.6m | €0.4m | €0.4m | €0.5m | ▲ 23.1% |
| Trade receivables40 | - | - | - | €0.4m | €0.3m | €0.4m | ▲ 13.0% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.06m | €0.1m | ▲ 80.1% |
| Cash at bank and in hand54/58 | €0.08m | €0.03m | €0.04m | €0.1m | €0.09m | €0.02m | ▼ 77.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.1m | €0.9m | €0.9m | €0.8m | €0.6m | €0.6m | ▼ 6.2% |
| Equity10/15 | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 53.3% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.08m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.08m | €0.06m | €0.06m | = |
| Reserves13 | €0.008m | €0.008m | €0.008m | €0.008m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.008m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.06m | €0.06m | €0.1m | €0.1m | €0.04m | €0.09m | ▲ 150% |
| Amounts payable17/49 | €1.0m | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 18.9% |
| Amounts payable after more than one year17 | €0.1m | €0.04m | €0.06m | €0.07m | €0.05m | €0.2m | ▲ 192% |
| Financial debts170/4 | - | - | - | €0.07m | €0.04m | €0.2m | ▲ 240% |
| Other amounts payable178/9 | - | - | - | €0.006m | €0.007m | - | - |
| Amounts payable within one year42/48 | €0.9m | €0.7m | €0.6m | €0.5m | €0.4m | €0.2m | ▼ 44.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.05m | ▼ 76.3% |
| Financial debts43 | - | - | - | €0.07m | €0.03m | €0.06m | ▲ 78.0% |
| Credit institutions430/8 | - | - | - | €0.07m | €0.03m | €0.06m | ▲ 78.0% |
| Trade debts44 | €0.5m | €0.3m | €0.3m | €0.2m | €0.1m | €0.04m | ▼ 64.7% |
| Suppliers440/4 | - | - | - | €0.2m | €0.1m | €0.04m | ▼ 64.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.05m | €0.07m | ▲ 30.0% |
| Taxes450/3 | - | - | - | €0.003m | €0.009m | €0.02m | ▲ 72.3% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.04m | €0.05m | ▲ 20.6% |
| Other amounts payable47/48 | - | - | - | - | €0.05m | €0.03m | ▼ 36.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | - | €0.006m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,182 | -€8,031 | €50,532 | €5,074 | -€53,720 | €56,022 | - |
| + Depreciation and write-downs630 | €54,232 | €72,642 | €102,996 | €111,684 | €96,127 | €71,556 | ▼ 25.6% |
| Operating cash flow (approximation) | €56,414 | €64,610 | €153,528 | €116,758 | €42,407 | €127,579 | ▲ 201% |
| Investment in fixed assets (approximation) | - | -€67,688 | -€137,174 | -€115,017 | -€12,190 | -€20,131 | ▼ 65.1% |
| Change in cash | - | -€44,464 | €9,303 | €57,563 | -€7,255 | -€71,339 | ▼ 883% |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 22-05-2024 | 2024-00095673 |
| 31-12-2022 | full format | 08-09-2023 | 2023-00443812 |
| 31-12-2021 | full format | 07-07-2022 | 2022-20173368 |
| 31-12-2020 | full format | 11-06-2021 | 2021-19600182 |
| 31-12-2019 | full format | 01-10-2020 | 2020-58200103 |
| 31-12-2018 | full format | 06-09-2019 | 2019-63800102 |
| 31-12-2017 | full format | 31-07-2018 | 2018-41700263 |
| 31-12-2016 | full format | 30-08-2017 | 2017-55500101 |
| 31-12-2015 | full format | 26-07-2016 | 2016-37000329 |
| 31-12-2014 | full format | 25-08-2015 | 2015-47900510 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.