REVALITECH
InactiveFinancials · financial year 2023, abbreviated format
2023 annual accounts filed late (45 days) Filed on 14 June 2024, deadline 30 April 2024 (7 months after the close on 30 September 2023, Companies Code art. 3:10). Source: NBB, 2024-00132057.
Turnover
€163,111
EBIT margin
11.6%
Net result
€21,027▲ 45.4%
2022 · €14,465
Working capital
€55,812▲ 110%
2022 · €26,614
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result recovers in 2023; 2023 is 106% above 2022 and is the highest 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€39,072
2023
Net result€21,027
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€249,059
2023
Equity€60,528
2023
Debt€188,530
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€55,812
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0.9
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
Line201820192020202120222023
Turnover€163,111
Operating result-€32,773--€49,206▼ 50.1%€31,656€36,900▲ 16.6%€18,952▼ 48.6%€39,072▲ 106%
Net result-€31,783--€49,523▼ 55.8%€31,517€36,783▲ 16.7%€14,465▼ 60.7%€21,027▲ 45.4%
EBIT margin11.6%
Equity€6,259--€43,264-€11,747▲ 72.8%€25,036€39,501▲ 57.8%€60,528▲ 53.2%
Total assets€115,327-€140,891▲ 22.2%€151,350▲ 7.4%€187,361▲ 23.8%€228,295▲ 21.8%€249,059▲ 9.1%
Debt€109,068-€184,155▲ 68.8%€163,097▼ 11.4%€162,326▼ 0.5%€188,794▲ 16.3%€188,530▼ 0.1%
Working capital-€40,128--€102,557▼ 156%-€55,968▲ 45.4%-€1,429▲ 97.4%€26,614€55,812▲ 110%
Staff (FTE)1.6-1.6=1.5▼ 6.3%1▼ 33.3%0.9▼ 10.0%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €249,059
Fixed assets
€4,716 ▼ 63.4%
Current assets
€244,342 ▲ 13.4%
Equity and liabilities €249,059
Equity
€60,528 ▲ 53.2%
Debt
€188,530 ▼ 0.1%
Debt's share of the balance-sheet total falls from 82.7% to 75.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47,243▲
2022 · €32,540
Cash flow
€29,197▲
2022 · €28,053
Current ratio
1.30▲
2022 · 1.14
Quick ratio
1.27▲
2022 · 1.02
Debt to equity
3.11▼
2022 · 4.78
ROE
34.7%▼
2022 · 36.6%
ROA
8.4%▲
2022 · 6.3%
Interest coverage
7.45▼
2022 · 8.52
Debt ≤ 1 year
€188,530▼
2022 · €188,794
Income taxes
€15,403▲
2022 · €775
Staff costs
-€897▼
2022 · €45,975
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 |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €163,111 | - | - |
| Non-recurring operating income76A | - | - | - | - | €7,385 | €2,388 | ▼ 67.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €76,527 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €45,975 | -€897 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,546 | €43,795 | €27,545 | €17,756 | €13,588 | €8,170 | ▼ 39.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €17,000 | €11,993 | ▼ 29.5% |
| Other operating charges640/8 | - | - | - | - | €575 | €483 | ▼ 16.1% |
| Gross operating margin9900 | €61,106 | €78,794 | €87,845 | €72,051 | €96,090 | €58,821 | ▼ 38.8% |
| Operating profit (loss)9901 | -€32,773 | -€49,206 | €31,656 | €36,900 | €18,952 | €39,072 | ▲ 106% |
| Financial income75/76B | - | - | - | - | €105 | €3,699 | ▲ 35× |
| Recurring financial income75 | €603 | €0 | €7 | €0 | €105 | €3,699 | ▲ 35× |
| Financial charges65/66B | - | - | - | - | €3,817 | €6,341 | ▲ 66.1% |
| Recurring financial charges65 | €217 | €317 | €152 | €117 | €3,817 | €6,341 | ▲ 66.1% |
| Profit (loss) for the period before taxes9903 | -€31,767 | -€49,523 | €31,510 | €36,783 | €15,240 | €36,430 | ▲ 139% |
| Income taxes67/77 | €16 | €0 | -€7 | €0 | €775 | €15,403 | ▲ 20× |
| Profit (loss) for the period9904 | -€31,783 | -€49,523 | €31,517 | €36,783 | €14,465 | €21,027 | ▲ 45.4% |
| Profit (loss) for the period to be appropriated9905 | -€31,783 | -€49,523 | €31,517 | €36,783 | €14,465 | €21,027 | ▲ 45.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €115,327 | €140,891 | €151,350 | €187,361 | €228,295 | €249,059 | ▲ 9.1% |
| Fixed assets21/28 | €46,387 | €59,292 | €44,221 | €26,465 | €12,887 | €4,716 | ▼ 63.4% |
| Tangible fixed assets22/27 | €46,387 | €59,292 | €44,221 | €26,465 | €12,877 | €4,706 | ▼ 63.5% |
| Plant, machinery and equipment23 | - | - | - | - | €12,192 | €4,706 | ▼ 61.4% |
| Furniture and vehicles24 | - | - | - | - | €685 | - | - |
| Financial fixed assets28 | - | - | - | - | €10 | €10 | = |
| Current assets29/58 | €68,940 | €81,598 | €107,129 | €160,897 | €215,408 | €244,342 | ▲ 13.4% |
| Stocks and contracts in progress3 | €45,872 | €64,903 | €38,126 | €36,625 | €23,573 | €4,500 | ▼ 80.9% |
| Stocks30/36 | - | - | - | - | €23,573 | €4,500 | ▼ 80.9% |
| Amounts receivable within one year40/41 | €15,435 | €5,978 | €3,659 | €13,465 | €26,289 | €206,386 | ▲ 685% |
| Trade receivables40 | - | - | - | - | €26,289 | €24,024 | ▼ 8.6% |
| Other amounts receivable41 | - | - | - | - | - | €182,362 | - |
| Cash at bank and in hand54/58 | €7,634 | €10,717 | €65,344 | €110,806 | €164,824 | €32,698 | ▼ 80.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €722 | €758 | ▲ 5.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €115,327 | €140,891 | €151,350 | €187,361 | €228,295 | €249,059 | ▲ 9.1% |
| Equity10/15 | €6,259 | -€43,264 | -€11,747 | €25,036 | €39,501 | €60,528 | ▲ 53.2% |
| Contributions10/11 | €18,600 | €18,600 | - | - | €18,600 | €18,600 | = |
| Reserves13 | €975 | €975 | €975 | €975 | €975 | €975 | = |
| Distributable reserves133 | - | - | - | - | €975 | €975 | = |
| Profit (loss) carried forward14 | -€13,316 | -€62,839 | -€31,322 | €5,461 | €19,926 | €40,953 | ▲ 106% |
| Amounts payable17/49 | €109,068 | €184,155 | €163,097 | €162,326 | €188,794 | €188,530 | ▼ 0.1% |
| Amounts payable within one year42/48 | €109,068 | €184,155 | €163,097 | €162,326 | €188,794 | €188,530 | ▼ 0.1% |
| Trade debts44 | €19,477 | €7,599 | €8,187 | €6,607 | €23,115 | €12,156 | ▼ 47.4% |
| Suppliers440/4 | - | - | - | - | €23,115 | €12,156 | ▼ 47.4% |
| Taxes, remuneration and social security45 | - | - | - | - | €12,015 | €11,739 | ▼ 2.3% |
| Taxes450/3 | - | - | - | - | €5,146 | €11,739 | ▲ 128% |
| Remuneration and social security454/9 | - | - | - | - | €6,869 | - | - |
| Other amounts payable47/48 | - | - | - | - | €153,663 | €164,635 | ▲ 7.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,783 | -€49,523 | €31,517 | €36,783 | €14,465 | €21,027 | ▲ 45.4% |
| + Depreciation and write-downs630 | €32,546 | €43,795 | €27,545 | €17,756 | €13,588 | €8,170 | ▼ 39.9% |
| Operating cash flow (approximation) | €763 | -€5,729 | €59,062 | €54,539 | €28,053 | €29,197 | ▲ 4.1% |
| Investment in fixed assets (approximation) | - | -€56,700 | -€12,474 | €0 | -€10 | €0 | - |
| Change in cash | - | €3,083 | €54,627 | €45,463 | €54,018 | -€132,126 | - |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2023 | abbreviated format | 14-06-2024 | 2024-00132057 |
| 30-09-2022 | abbreviated format | 04-05-2023 | 2023-00081170 |
| 30-09-2021 | abbreviated format | 31-03-2022 | 2022-09700217 |
| 31-12-2020 | abbreviated format | 24-06-2021 | 2021-23900117 |
| 31-12-2019 | abbreviated format | 03-06-2020 | 2020-14300408 |
| 31-12-2018 | abbreviated format | 02-07-2019 | 2019-28800173 |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-23300343 |
| 31-12-2016 | abbreviated format | 18-07-2017 | 2017-34300547 |
| 31-12-2015 | abbreviated format | 13-06-2016 | 2016-17300059 |
| 31-12-2014 | abbreviated format | 17-06-2015 | 2015-19700260 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.