RM ELECTRO
InactiveFinancials · financial year 2021, micro format
Turnover
€269,339▼ 16.9%
2018 · €324,034
EBIT margin
-2.4%▼ 8.0pp
2018 · 5.6%
Net result
-€81,784▼ 15,214%
2020 · -€534
Working capital
-€21,722
2020 · €59,016
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result turns negative in 2021: a loss of €78,107 after €2,145 in 2020, 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.
Turnover€269,339
2019
Operating result-€78,107
2021
Net result-€81,784
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€78,095
2021
Equity-€29,244
2021
Debt€99,260
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€21,722
2021
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-2.4%
2019
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€324,034-€269,339▼ 16.9%
Operating result€18,200--€6,381€2,145-€78,107
Net result€11,171--€12,889-€534▲ 95.9%-€81,784▼ 15,214%
EBIT margin5.6%--2.4%▼ 8.0pp
Equity€66,763-€53,073▼ 20.5%€52,539▼ 1.0%-€29,244
Total assets€169,173-€146,069▼ 13.7%€183,354▲ 25.5%€78,095▼ 57.4%
Debt€90,355-€84,915▼ 6.0%€122,735▲ 44.5%€99,260▼ 19.1%
Working capital€73,735-€57,226▼ 22.4%€59,016▲ 3.1%-€21,722
Staff (FTE)0.8
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €78,095
Fixed assets
€558 ▼ 79.0%
Current assets
€77,538 ▼ 57.1%
Equity and liabilities
Equity-€29,244
Debt€99,260
Equity is negative: debt (€99,260) exceeds the balance-sheet total (€78,095).
Key figures and ratios
EBITDA
-€76,611▼
2020 · €4,242
Cash flow
-€80,288▼
2020 · €1,563
Solvency
-37.4%▼
2020 · 28.7%
Current ratio
0.78▼
2020 · 1.48
Quick ratio
0.64▼
2020 · 1.43
ROA
-104.7%▼
2020 · -0.3%
Interest coverage
-17.07
Debt ≤ 1 year
€99,260▼
2020 · €121,685
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | Change |
|---|---|---|---|---|---|
| Turnover70 | €324,034 | €269,339 | - | - | - |
| Non-recurring operating income76A | - | - | - | €1,204 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,124 | €2,844 | €2,097 | €1,496 | ▼ 28.7% |
| Other operating charges640/8 | - | - | - | €1,175 | - |
| Gross operating margin9900 | €26,960 | €25,085 | €6,439 | -€75,436 | - |
| Operating profit (loss)9901 | €18,200 | -€6,381 | €2,145 | -€78,107 | - |
| Financial income75/76B | - | - | - | €810 | - |
| Recurring financial income75 | €7 | €214 | €123 | €810 | ▲ 558% |
| Financial charges65/66B | - | - | - | €4,487 | - |
| Recurring financial charges65 | €2,686 | €3,893 | €2,195 | €4,487 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €15,521 | -€10,060 | €73 | -€81,784 | - |
| Income taxes67/77 | €4,349 | €2,829 | €607 | - | - |
| Profit (loss) for the period9904 | €11,171 | -€12,889 | -€534 | -€81,784 | ▼ 15,214% |
| Profit (loss) for the period to be appropriated9905 | €11,171 | €5,861 | -€534 | -€81,784 | ▼ 15,214% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €169,173 | €146,069 | €183,354 | €78,095 | ▼ 57.4% |
| Fixed assets21/28 | €5,243 | €4,751 | €2,653 | €558 | ▼ 79.0% |
| Tangible fixed assets22/27 | €4,643 | €4,151 | €2,053 | €558 | ▼ 72.8% |
| Furniture and vehicles24 | - | - | - | €558 | - |
| Financial fixed assets28 | €600 | €600 | €600 | - | - |
| Current assets29/58 | €163,931 | €141,318 | €180,701 | €77,538 | ▼ 57.1% |
| Stocks and contracts in progress3 | €12,597 | €12,048 | €6,950 | €14,084 | ▲ 103% |
| Stocks30/36 | - | - | - | €14,084 | - |
| Amounts receivable within one year40/41 | €139,661 | €120,883 | €172,569 | €60,749 | ▼ 64.8% |
| Trade receivables40 | - | - | - | €28,676 | - |
| Other amounts receivable41 | - | - | - | €32,074 | - |
| Cash at bank and in hand54/58 | €11,411 | €6,151 | €1,182 | €2,620 | ▲ 122% |
| Deferred charges and accrued income490/1 | - | - | - | €85 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €169,173 | €146,069 | €183,354 | €78,095 | ▼ 57.4% |
| Equity10/15 | €66,763 | €53,073 | €52,539 | -€29,244 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €22,605 | €5,855 | €5,855 | €5,855 | = |
| Non-distributable reserves130/1 | - | - | - | €5,855 | - |
| Reserves not available under the articles1311 | - | - | - | €5,855 | - |
| Profit (loss) carried forward14 | €37,958 | €41,018 | €40,484 | -€41,299 | - |
| Provisions and deferred taxes16 | €12,056 | €8,080 | €8,080 | €8,080 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €8,080 | - |
| Environmental obligations163 | - | - | - | €8,080 | - |
| Amounts payable17/49 | €90,355 | €84,915 | €122,735 | €99,260 | ▼ 19.1% |
| Amounts payable within one year42/48 | €90,195 | €84,093 | €121,685 | €99,260 | ▼ 18.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,000 | - |
| Financial debts43 | - | - | - | €25,000 | - |
| Credit institutions430/8 | - | - | - | €25,000 | - |
| Trade debts44 | €72,549 | €45,933 | €87,035 | €46,395 | ▼ 46.7% |
| Suppliers440/4 | - | - | - | €46,395 | - |
| Taxes, remuneration and social security45 | - | - | - | €5,865 | - |
| Taxes450/3 | - | - | - | €5,011 | - |
| Remuneration and social security454/9 | - | - | - | €853 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,171 | -€12,889 | -€534 | -€81,784 | ▼ 15,214% |
| + Depreciation and write-downs630 | €3,124 | €2,844 | €2,097 | €1,496 | ▼ 28.7% |
| Operating cash flow (approximation) | €14,295 | -€10,046 | €1,563 | -€80,288 | - |
| Investment in fixed assets (approximation) | - | -€2,352 | €0 | €600 | - |
| Change in cash | - | -€5,260 | -€4,969 | €1,438 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 27-07-2022 | 2022-20241133 |
| 31-12-2020 | micro format | 28-07-2021 | 2021-41400297 |
| 31-12-2019 | micro format | 22-07-2020 | 2020-32400519 |
| 31-12-2018 | micro format | 24-07-2019 | 2019-37100039 |
| 31-12-2017 | micro format | 27-08-2018 | 2018-57900147 |
| 31-12-2016 | micro format | 02-08-2017 | 2017-41800167 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.