Reflections
Annual accounts 2023
micro format, filed on 29-10-2024, 182 days lateMoney flows
of every €100 of turnover, €1.26 remains as profit in 2023Balance sheet
balance sheet total €345,099 on 30-09-2023in euro
in euro
Position in the sector
29.8%
Higher than 44% of 3,250 companies in 2023.
0.66
Higher than 19% of 3,128 companies in 2023.
4.4%
Higher than 48% of 3,151 companies in 2023.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Staff
€120,096
Staff costs divided by the average number of full-time equivalents.
+9 people
In 2023, 10 people joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
345,099 | 164,467 | 128,089 | 223,298 | |
21/28 |
185,968 | 149,202 | 78,772 | 96,164 | |
22/27 |
136,968 | 115,202 | 78,772 | 96,164 | |
22 |
7,876 | 9,285 | 6,285 | 7,095 | |
23 |
32,895 | 28,438 | 15,275 | 8,383 | |
24 |
96,197 | 77,478 | 57,212 | 80,686 | |
28 |
49,000 | 34,000 | - | - | |
29/58 |
159,131 | 15,266 | 49,317 | 127,134 | |
3 |
6,827 | 352 | 200 | 1,456 | |
30/36 |
6,827 | 352 | 200 | 1,456 | |
40/41 |
150,918 | - | 42,674 | 125,085 | |
40 |
144,918 | - | 42,674 | 124,330 | |
41 |
6,000 | - | - | 755 | |
54/58 |
1,386 | 14,913 | 6,444 | 593 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
345,099 | 164,467 | 128,089 | 223,298 | |
10/15 |
102,753 | 87,427 | 65,105 | 13,548 | |
14 |
102,753 | 87,427 | 65,105 | 13,548 | |
17/49 |
242,346 | 77,040 | 62,984 | 209,751 | |
42/48 |
242,346 | 77,040 | 62,984 | 209,751 | |
44 |
- | 7,059 | 18,811 | 110,120 | |
440/4 |
- | 7,059 | 18,811 | 110,120 | |
45 |
82,285 | 34,328 | 22,399 | - | |
450/3 |
82,285 | 34,328 | 22,399 | - | |
47/48 |
160,061 | 35,654 | 21,775 | 99,630 | |
| Income statement | |||||
70 |
1.2m | - | 228,897 | 90,085 | |
9900 |
403,806 | 93,177 | 87,362 | 48,203 | |
60/61 |
812,321 | - | 156,721 | 66,002 | |
62 |
288,231 | 3,575 | - | - | |
630 |
27,386 | - | 24,728 | 30,236 | |
640/8 |
62,238 | 55,588 | 1,051 | 2,069 | |
66A |
- | - | 2,029 | - | |
9901 |
25,951 | 34,015 | 59,554 | 15,898 | |
75/76B |
0 | - | 10 | - | |
75 |
0 | - | 10 | - | |
65/66B |
625 | 1,794 | 4,835 | 2,350 | |
65 |
625 | 1,794 | 4,835 | 2,350 | |
9903 |
25,326 | 32,221 | 54,729 | 13,548 | |
67/77 |
10,000 | 9,899 | 3,172 | - | |
9904 |
15,326 | 22,322 | 51,557 | 13,548 | |
9905 |
15,326 | 22,322 | 51,557 | 13,548 | |
| Appropriation of the result | |||||
9906 |
102,753 | 87,427 | 65,105 | 13,548 | |
14P |
87,427 | 65,105 | 13,548 | - | |
| Social balance sheet | |||||
9087 |
2.4 | - | - | - | |
Hours worked1013 |
2,895 | - | - | - | |
| Document | |||||
The notes to these accounts have 6 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 2023 (PDF), filed on 29-10-2024.
Filings
each dot is a set of accounts, on the day it reached the National Bank2023 annual accounts filed 182 days after the deadline. Filed on 29 October 2024, deadline 30 April 2024 (7 months after the close on 30 September 2023, Companies Code art. 3:10). Source: NBB, 2024-00521346.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| 53,337 | - | 84,282 | 46,134 | ||
| 42,712 | - | 76,285 | 43,784 | ||
| 64,440 | 226,343 | 14,865 | 126,400 | ||
| -13,527 | 8,470 | 5,850 | - | ||
| -83,215 | -61,775 | -13,667 | -82,616 | ||
| 2.1% | - | 26.0% | 17.6% | ||
| 29.8% | 53.2% | 50.8% | 6.1% | ||
| 0.66 | 0.20 | 0.78 | 0.61 | ||
| 0.63 | 0.19 | 0.78 | 0.60 | ||
| 2.36 | 0.88 | 0.97 | 15.48 | ||
| 14.9% | 25.5% | 79.2% | 100.0% | ||
| 4.4% | 13.6% | 40.3% | 6.1% | ||
| 85.33 | - | 17.43 | - | ||
| 43 days | - | 68 days | 504 days | ||
| - | - | 44 days | 609 days |
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 | 30-09-2023 |
|---|---|
| Employees at the balance-sheet date | 9 |
| full-time | 9 |
| in full-time equivalents | 9 |
| 2.4 | |
| On a permanent contract | 5 |
| Joined | 10 |
| Left | 1 |
Source: social balance sheet in the 2023 annual accounts
Investments
fixed assets acquired| Item | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|
| Tangible fixed assets | €49,440 | €192,343 | €14,865 |
| Financial fixed assets | €15,000 | €34,000 | - |
| €27,386 | - | €24,728 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Insights on Reflections
The operating result for 2023 is 24% lower than in 2022 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 46.8% to 70.2%. Equity and debt are higher.