RFIDEA
Absorbed by ZETESFinancials · financial year 2022, full format
Annual accounts 2022 filed on 11-08-2022 PDF all 19 filings
Turnover
≈ €350,000
Estimated: probably between €210,000 and €660,000
EBIT margin
Not included in this filing
Net result
€16,275▼ 28.0%
2021 · €22,608
Working capital
€153,905▼ 88.3%
2021 · €1.3m
Multi-year overview
2019 to 2022, 4 financial yearsOperating result
€15,902
▼ 34.1%
2022
20192022
Net result
€16,275
▼ 28.0%
2022
20192022
Equity
€1.3m
▲ 1.2%
2022
20192022
Total assets
€1.4m
▲ 1.1%
2022
20192022
Debt
€25,153
▼ 7.7%
2022
20192022
Working capital
€153,905
▼ 88.3%
2022
20192022
Staff (FTE)
2
=
2022
20192022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€0.2m-€0.04m▼ 80.2%€0.02m▼ 36.4%€0.02m▼ 34.1%
Net result€0.2m-€0.03m▼ 81.6%€0.02m▼ 34.8%€0.02m▼ 28.0%
Equity€1.3m-€1.3m▲ 2.8%€1.3m▲ 1.7%€1.3m▲ 1.2%
Total assets€1.4m-€1.3m▼ 6.9%€1.3m▲ 2.4%€1.4m▲ 1.1%
Debt€0.2m-€0.02m▼ 87.4%€0.03m▲ 43.8%€0.03m▼ 7.7%
Working capital€1.3m-€1.3m▲ 2.8%€1.3m▲ 1.8%€0.2m▼ 88.3%
Staff (FTE)3-2.2▼ 26.7%2▼ 9.1%2=
The operating result for 2022 is 34% lower than in 2021 and the lowest since 2019. It is the third fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.2m ▲ 600×
Current assets
€179,059 ▼ 86.6%
Equity and liabilities €1.4m
Equity
€1.3m ▲ 1.2%
Debt
€25,153 ▼ 7.7%
Debt's share of the balance-sheet total falls from 2.0% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,076▼
2021 · €24,675
Cash flow
€21,450▼
2021 · €23,158
Current ratio
7.12▼
2021 · 49.21
Debt to equity
0.02
ROE
1.2%▼
2021 · 1.7%
ROA
1.2%▼
2021 · 1.7%
Interest coverage
9.90
Debt ≤ 1 year
€25,153▼
2021 · €27,247
Income taxes
€504▲
2021 · -€145
Staff costs
€116,243
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| Average over the year, in full-time equivalents | 2 |
| On a permanent contract | 2 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 31-03-2022 |
|---|---|
| Tangible fixed assets | €28,213 |
| Financial fixed assets | €1.2m |
| Depreciation and write-downs of the year | €5,174 |
Source: notes to the 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €116,243 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €861 | €672 | €550 | €5,174 | ▲ 841% |
| Other operating charges640/8 | - | - | - | €359 | - |
| Gross operating margin9900 | €375,813 | €176,892 | €129,441 | €137,679 | ▲ 6.4% |
| Operating profit (loss)9901 | €192,196 | €37,961 | €24,125 | €15,902 | ▼ 34.1% |
| Financial income75/76B | - | - | - | €3,008 | - |
| Recurring financial income75 | - | - | - | €3,008 | - |
| Financial charges65/66B | - | - | - | €2,130 | - |
| Recurring financial charges65 | €3,131 | €2,234 | €1,662 | €2,130 | ▲ 28.2% |
| Profit (loss) for the period before taxes9903 | €189,065 | €35,727 | €22,463 | €16,780 | ▼ 25.3% |
| Income taxes67/77 | €703 | €1,058 | -€145 | €504 | - |
| Profit (loss) for the period9904 | €188,362 | €34,669 | €22,608 | €16,275 | ▼ 28.0% |
| Profit (loss) for the period to be appropriated9905 | €188,362 | €34,669 | €22,608 | €16,275 | ▼ 28.0% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.4m | €1.3m | €1.3m | €1.4m | ▲ 1.1% |
| Fixed assets21/28 | €0.003m | €0.003m | €0.002m | €1.2m | ▲ 600× |
| Tangible fixed assets22/27 | €0.002m | €0.001m | €486 | €0.02m | ▲ 48× |
| Furniture and vehicles24 | - | - | - | €0.006m | - |
| Other tangible fixed assets26 | - | - | - | €0.02m | - |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €1.2m | ▲ 782× |
| Current assets29/58 | €1.4m | €1.3m | €1.3m | €0.2m | ▼ 86.6% |
| Amounts receivable within one year40/41 | €1.3m | €1.3m | €1.3m | €0.2m | ▼ 87.1% |
| Trade receivables40 | - | - | - | €0.2m | - |
| Other amounts receivable41 | - | - | - | €425 | - |
| Cash at bank and in hand54/58 | €0.08m | €0.02m | €0.007m | €0.005m | ▼ 31.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.3m | €1.4m | ▲ 1.1% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 1.2% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Capital10 | - | - | - | €0.7m | - |
| Issued capital100 | - | - | - | €0.7m | - |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.04m | ▲ 2.0% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | - |
| Legal reserve130 | - | - | - | €0.04m | - |
| Profit (loss) carried forward14 | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 2.7% |
| Amounts payable17/49 | €0.2m | €0.02m | €0.03m | €0.03m | ▼ 7.7% |
| Amounts payable within one year42/48 | €0.2m | €0.02m | €0.03m | €0.03m | ▼ 7.7% |
| Trade debts44 | €0.005m | €0.004m | €0.002m | €0.004m | ▲ 88.8% |
| Suppliers440/4 | - | - | - | €0.004m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | - |
| Taxes450/3 | - | - | - | €0.001m | - |
| Remuneration and social security454/9 | - | - | - | €0.02m | - |
| Other amounts payable47/48 | - | - | - | €0.002m | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.03m | €0.02m | €0.02m | ▼ 28.0% |
| + Depreciation and write-downs630 | €0.001m | €0.001m | €0.001m | €0.005m | ▲ 841% |
| Operating cash flow (approximation) | €0.2m | €0.04m | €0.02m | €0.02m | ▼ 7.4% |
| Investment in fixed assets (approximation) | - | -€104 | €0 | -€1.2m | - |
| Change in cash | - | -€0.06m | -€0.01m | -€0.002m | ▲ 81.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2022 | full format | 11-08-2022 | 2022-20286217 | |
| 31-03-2021 | full format | 14-07-2021 | 2021-36200456 | |
| 31-03-2020 | full format | 15-09-2020 | 2020-53500428 | |
| 31-03-2019 | full format | 11-07-2019 | 2019-31500375 | |
| 31-03-2018 | full format | 20-07-2018 | 2018-35500600 | |
| 31-12-2016 | full format | 04-08-2017 | 2017-41100066 | |
| 31-12-2015 | full format | 24-06-2016 | 2016-21600197 | |
| 31-12-2014 | full format | 02-07-2015 | 2015-26100558 | |
| 31-12-2013 | full format | 31-07-2014 | 2014-37500144 | |
| 31-12-2012 | full format | 26-06-2013 | 2013-22800464 |