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RO-B

Inactive KBO/BCE: BE 0887.761.024
RO-B
Financial year 2020
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Annual accounts 2020

micro format, filed on 20-08-2021, 20 days late
Gross margin
€13,194
▲ 37.1%
Operating result
€10,722
▲ €14,205
Profit
€6,485
▲ €13,086
Working capital
-€9,808
▲ €25,435
Solvency
-139.4%
▼ 80.6 percentage points
Current ratio
0.58
▲ 0.25

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €100,000. Estimated: probably between €46,000 and €240,000.

Balance sheet

balance sheet total €13,637 on 31-12-2020
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2020201920182017201620152014201320122011201020092008
Balance sheet: assets
Total assets20/58 13,63743,34963,43060,62923,55512,79618,98920,37426,97735,15848,96055,38465,129
Fixed assets21/28 -25,51436,50749,1216,0287,87311,2049,43611,58521,11529,10438,06446,267
Intangible fixed assets21 -3807601,1393,5194,0006,0008,18210,36412,54614,72816,00018,000
Tangible fixed assets22/27 -25,13435,74747,9822,5093,8735,2041,2541,2218,56914,37622,06428,267
Plant, machinery and equipment23 -4791341,3182,3223,5934,7541,1009911,3224951,243506
Furniture and vehicles24 -24,65535,61346,6641872804501542307,24713,88120,82127,761
Current assets29/58 13,63717,83526,92311,50817,5274,9237,78510,93815,39214,04319,85617,32018,862
Stocks and contracts in progress3 ---------5,10212,76811,7505,000
Contracts in progress37 ---------5,10212,76811,7505,000
Amounts receivable within one year40/41 6,73217,79926,8878,75414,5334,8877,74910,90215,3578,9415,0505,05013,843
Trade receivables40 6,73217,79921,3095,70214,0424,8455,9648,28713,9867,4955,0505,05013,843
Other amounts receivable41 --5,5783,052491421,7852,6151,3711,446---
Cash at bank and in hand54/58 6,90536362,7542,99436363635-2,03852019
Balance sheet: equity and liabilities
Total equity and liabilities10/49 13,63743,34963,43060,62923,55512,79618,98920,37426,97735,15848,96055,38465,129
Equity10/15 -19,009-25,494-18,893-9,675-6,513-2,487-2,1201,36211,841-2,5636,4225,0358,682
Contributions10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60014,600
Issued capital100 -18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Uncalled capital101 ------------4,000
Profit (loss) carried forward14 -37,609-44,094-37,493-28,275-25,113-21,087-20,720-17,238-6,759-21,163-12,178-13,565-5,918
Amounts payable17/49 32,64668,84382,32370,30430,06815,28321,10919,01215,13637,72142,53850,34956,447
Amounts payable after more than one year17 9,20115,76522,76333,630-1232,653--7,90816,02123,63030,767
Financial debts170/4 9,20115,76522,76333,630-1232,653--7,90816,02123,63030,767
Amounts payable within one year42/48 23,44553,07859,56036,67430,06815,16018,45619,01215,13629,54026,51726,71925,680
Current portion of amounts payable after more than one year42 -10,08710,86710,7312451,4401,3225,8007,9088,1137,6097,1376,694
Financial debts43 9,07713,38211,3859,3839,1014,34310,0009,1442,6698,4818,2816,3587,447
Credit institutions430/8 9,07713,38211,3859,3839,1014,34310,0009,1442,6698,4818,2816,3587,447
Trade debts44 4908901,4816,71312,2616,1626,5024,0683,8819,8413,4032,7154,991
Suppliers440/4 4908901,4816,71312,2616,1626,5024,0683,8819,8413,4032,7154,991
Advances received on contracts in progress46 8,14621,53725,784----------
Taxes, remuneration and social security45 5,7327,18210,0439,8478,4613,215632-6783,1055,52810,5096,549
Taxes450/3 5,7327,1828,5437,3475,9613,215632-6783,1055,52810,5094,911
Remuneration and social security454/9 --1,5002,5002,500-------1,638
Other amounts payable47/48 ----------1,696--
Accrued charges and deferred income492/3 ---------273---
Income statement
Gross operating margin9900 13,1949,6219,86219,31815,62911,3579,36114,45234,82732,62018,5276,5498,676
Remuneration, social security and pensions62 7329841,5532,9727,6813,1569143,3497,83728,610---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 1,27011,59112,61412,0963,7443,9913,9532,8099,53010,0249,8709,6889,193
Other operating charges640/8 4705299764,6166,4519132,13211,160669403852460857
Non-recurring operating charges66A ----------271--
Operating profit (loss)9901 10,722-3,483-5,281-366-2,2473,2972,362-2,86616,791-6,4177,805-3,599-1,374
Financial income75/76B 297-291---781351129
Recurring financial income75 297-291---781351129
Financial charges65/66B 2,0882,5203,3602,5241,7792,3554,5281,7862,3942,5834,8274,0502,059
Recurring financial charges65 2,0882,5203,3602,5241,7792,3554,5281,7862,3942,5834,8274,0502,059
Profit (loss) for the period before taxes9903 8,931-6,003-8,612-2,889-4,026942-2,166-4,64514,405-8,9872,759-7,647-3,404
Income taxes67/77 2,446598606273-1,3091,3165,8341-21,372-2,514
Profit (loss) for the period9904 6,485-6,601-9,218-3,162-4,026-367-3,482-10,47914,404-8,9851,387-7,647-5,918
Profit (loss) for the period to be appropriated9905 6,485-6,601-9,218-3,162-4,026-367-3,482-10,47914,404-8,9851,387-7,647-5,918
Appropriation of the result
Profit (loss) to be appropriated9906 -37,609-44,094-37,493-28,275-25,113-21,087-20,720-17,238-6,759-21,163-12,178-13,565-5,918
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Source: Annual accounts 2020 (PDF), filed on 20-08-2021.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2020 annual accounts filed 20 days after the deadline. Filed on 20 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-50800040.

Financial year Type Filed Reference Document
31-12-2020 micro format 20-08-2021 2021-50800040 PDF
31-12-2019 micro format 18-08-2020 2020-41900568 PDF
31-12-2018 micro format 02-08-2019 2019-43100552 PDF
31-12-2017 micro format 23-07-2018 2018-36600402 PDF
31-12-2016 micro format 11-08-2017 2017-43100146 PDF
31-12-2015 abbreviated format 01-06-2016 2016-14300475 PDF
31-12-2014 abbreviated format 04-08-2015 2015-39200075 PDF
31-12-2013 abbreviated format 25-07-2014 2014-36100528 PDF
31-12-2012 abbreviated format 14-08-2013 2013-42800135 PDF
31-12-2011 abbreviated format 09-08-2012 2012-39500480 PDF
31-12-2010 abbreviated format 29-08-2011 2011-47000034 PDF
31-12-2009 abbreviated format 30-08-2010 2010-50100411 PDF
31-12-2008 abbreviated format 30-07-2009 2009-51200253 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2020201920182017201620152014201320122011201020092008
EBITDA 11,9928,1087,33311,7301,4977,2886,315-5726,3213,60717,6756,0897,819
Cash flow 7,7554,9903,3968,934-2823,624471-7,67023,9341,03911,2572,0413,275
Investment in fixed assets (approximation) -24,244598055,1891,8996605,72166002,0369101,48555,460
Change in cash 6,8690-2,718-2402,958001--1,518501-
Working capital -9,808-35,243-32,637-25,166-12,541-10,237-10,671-8,074256-15,497-6,661-9,399-6,818
Solvency -139.4%-58.8%-29.8%-16.0%-27.7%-19.4%-11.2%6.7%43.9%-7.3%13.1%9.1%13.3%
Current ratio 0.580.340.450.310.580.320.420.581.020.480.750.650.73
Quick ratio 0.580.340.450.310.580.320.420.581.020.300.270.210.54
Debt to equity -------13.961.28-6.6210.006.50
ROE --------769.4%121.6%-21.6%-151.9%-68.2%
ROA 47.6%-15.2%-14.5%-5.2%-17.1%-2.9%-18.3%-51.4%53.4%-25.6%2.8%-13.8%-9.1%

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Insights on RO-B

The operating result for 2020 is a profit of €10,722, after a loss of €3,483 in 2019. It is the highest result since 2012.

Equity is negative. Debt (€32,646) exceeds the balance-sheet total (€13,637).

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