RODEC
InactiveFinancials · financial year 2023, micro format
2023 annual accounts filed 28 days after the deadline Filed on 28 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00383228.
Annual accounts 2023 filed on 28-08-2024 PDF all 30 filings
Turnover
≈ €420,000
Estimated: probably between €280,000 and €650,000
Total assets
€681,330▲ 5.9%
2022 · €643,494
Net result
€68,460▼ 34.0%
2022 · €103,705
Working capital
€193,293▲ 46.6%
2022 · €131,871
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is 14% lower than in 2022.
Operating result€91,867
2023
Net result€68,460
2023
Total assets€681,330
2023
Equity€452,032
2023
Debt€229,298
2023
Working capital€193,293
2023
Staff (FTE)0.6
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
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
Operating result€40,082-€1,891▼ 95.3%-€6,326€41,217€106,948▲ 159%€91,867▼ 14.1%
Net result€32,938-€14,334▼ 56.5%-€9,962€37,892€103,705▲ 174%€68,460▼ 34.0%
Equity€237,603-€251,938▲ 6.0%€241,975▼ 4.0%€279,867▲ 15.7%€383,572▲ 37.1%€452,032▲ 17.8%
Total assets€334,456-€281,855▼ 15.7%€291,602▲ 3.5%€574,925▲ 97.2%€643,494▲ 11.9%€681,330▲ 5.9%
Debt€96,853-€29,917▼ 69.1%€49,626▲ 65.9%€295,058▲ 495%€259,922▼ 11.9%€229,298▼ 11.8%
Working capital€176,092-€199,647▲ 13.4%€64,866▼ 67.5%€39,795▼ 38.7%€131,871▲ 231%€193,293▲ 46.6%
Staff (FTE)2.8-2.8=0.20.6▲ 200%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €681,330
Fixed assets
€437,638 ▼ 3.7%
Current assets
€243,692 ▲ 29.0%
Equity and liabilities €681,330
Equity
€452,032 ▲ 17.8%
Debt
€229,298 ▼ 11.8%
Debt's share of the balance-sheet total falls from 40.4% to 33.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€124,746▼
2022 · €136,436
Cash flow
€101,340▼
2022 · €133,193
Current ratio
4.84▲
2022 · 3.31
Quick ratio
4.78▲
2022 · 3.26
Debt to equity
0.51▼
2022 · 0.68
ROE
15.1%▼
2022 · 27.0%
ROA
10.0%▼
2022 · 16.1%
Interest coverage
46.19▼
2022 · 46.70
Debt ≤ 1 year
€50,399▼
2022 · €57,014
Debt > 1 year
€178,008▼
2022 · €202,283
Income taxes
€20,706▲
2022 · €322
Staff costs
€39,606▲
2022 · €6,241
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 |
|---|---|---|
| Average over the year, in full-time equivalents | 0.2 | 0.6 |
| Joined | 3 | 10 |
| Left | 3 | 10 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €267,611 | €17,121 | €15,908 |
| Depreciation and write-downs of the year | €19,744 | €29,488 | €32,879 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €13,575 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €6,241 | €39,606 | ▲ 535% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,713 | €17,719 | €12,855 | €19,744 | €29,488 | €32,879 | ▲ 11.5% |
| Other operating charges640/8 | - | - | - | €3,904 | €3,741 | €4,140 | ▲ 10.7% |
| Gross operating margin9900 | €100,830 | €60,275 | €16,279 | €64,865 | €146,418 | €168,493 | ▲ 15.1% |
| Operating profit (loss)9901 | €40,082 | €1,891 | -€6,326 | €41,217 | €106,948 | €91,867 | ▼ 14.1% |
| Financial income75/76B | - | - | - | €21 | - | - | - |
| Recurring financial income75 | €3 | €6 | - | €21 | - | - | - |
| Financial charges65/66B | - | - | - | €3,025 | €2,922 | €2,701 | ▼ 7.6% |
| Recurring financial charges65 | €545 | €338 | €973 | €3,025 | €2,922 | €2,701 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €50,071 | €1,560 | -€7,299 | €38,212 | €104,027 | €89,166 | ▼ 14.3% |
| Income taxes67/77 | €17,133 | -€12,775 | €2,664 | €320 | €322 | €20,706 | ▲ 64× |
| Profit (loss) for the period9904 | €32,938 | €14,334 | -€9,962 | €37,892 | €103,705 | €68,460 | ▼ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €32,938 | €14,334 | -€9,962 | €37,892 | €103,705 | €68,460 | ▼ 34.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €334,456 | €281,855 | €291,602 | €574,925 | €643,494 | €681,330 | ▲ 5.9% |
| Fixed assets21/28 | €70,150 | €55,745 | €219,109 | €466,977 | €454,609 | €437,638 | ▼ 3.7% |
| Tangible fixed assets22/27 | €69,838 | €55,433 | €219,109 | €466,977 | €454,609 | €437,638 | ▼ 3.7% |
| Land and buildings22 | - | - | - | €424,886 | €422,913 | €412,405 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | - | - | €36,377 | €27,226 | €18,076 | ▼ 33.6% |
| Furniture and vehicles24 | - | - | - | €4,266 | €3,505 | €6,674 | ▲ 90.4% |
| Other tangible fixed assets26 | - | - | - | €1,448 | €965 | €483 | ▼ 50.0% |
| Financial fixed assets28 | €312 | €312 | - | - | - | - | - |
| Current assets29/58 | €264,306 | €226,110 | €72,492 | €107,948 | €188,884 | €243,692 | ▲ 29.0% |
| Stocks and contracts in progress3 | €5,225 | - | - | - | €2,831 | €2,831 | = |
| Stocks30/36 | - | - | - | - | €2,831 | €2,831 | = |
| Amounts receivable within one year40/41 | €41,134 | - | €7,260 | €22,999 | €54,081 | €56,657 | ▲ 4.8% |
| Trade receivables40 | - | - | - | €22,885 | €34,793 | €52,106 | ▲ 49.8% |
| Other amounts receivable41 | - | - | - | €115 | €19,289 | €4,551 | ▼ 76.4% |
| Current investments50/53 | - | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €49,917 | €54,707 | €64,914 | €84,626 | €128,082 | €84,204 | ▼ 34.3% |
| Deferred charges and accrued income490/1 | - | - | - | €323 | €3,890 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €334,456 | €281,855 | €291,602 | €574,925 | €643,494 | €681,330 | ▲ 5.9% |
| Equity10/15 | €237,603 | €251,938 | €241,975 | €279,867 | €383,572 | €452,032 | ▲ 17.8% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €146,588 | €162,058 | €162,058 | €162,058 | €162,058 | €162,058 | = |
| Non-distributable reserves130/1 | - | - | - | €89,079 | - | - | - |
| Other1319 | - | - | - | €89,079 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €72,978 | €72,978 | €72,978 | = |
| Distributable reserves133 | - | - | - | - | €89,079 | €89,079 | = |
| Profit (loss) carried forward14 | €72,424 | €71,288 | €61,326 | €99,218 | €202,923 | €271,383 | ▲ 33.7% |
| Amounts payable17/49 | €96,853 | €29,917 | €49,626 | €295,058 | €259,922 | €229,298 | ▼ 11.8% |
| Amounts payable after more than one year17 | €8,564 | €3,454 | €40,000 | €226,279 | €202,283 | €178,008 | ▼ 12.0% |
| Financial debts170/4 | - | - | - | €226,279 | €202,283 | €178,008 | ▼ 12.0% |
| Amounts payable within one year42/48 | €88,214 | €26,463 | €7,626 | €68,153 | €57,014 | €50,399 | ▼ 11.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,721 | €23,996 | €24,275 | ▲ 1.2% |
| Trade debts44 | €11,983 | €524 | €206 | €13,818 | €6,040 | €11,353 | ▲ 88.0% |
| Suppliers440/4 | - | - | - | €13,818 | €6,040 | €11,353 | ▲ 88.0% |
| Taxes, remuneration and social security45 | - | - | - | €30,615 | €26,259 | €13,406 | ▼ 48.9% |
| Taxes450/3 | - | - | - | €14,072 | €24,111 | €7,888 | ▼ 67.3% |
| Remuneration and social security454/9 | - | - | - | €16,543 | €2,148 | €5,518 | ▲ 157% |
| Other amounts payable47/48 | - | - | - | - | €719 | €1,366 | ▲ 90.0% |
| Accrued charges and deferred income492/3 | - | - | - | €625 | €625 | €890 | ▲ 42.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,938 | €14,334 | -€9,962 | €37,892 | €103,705 | €68,460 | ▼ 34.0% |
| + Depreciation and write-downs630 | €19,713 | €17,719 | €12,855 | €19,744 | €29,488 | €32,879 | ▲ 11.5% |
| Operating cash flow (approximation) | €52,651 | €32,053 | €2,892 | €57,636 | €133,193 | €101,340 | ▼ 23.9% |
| Investment in fixed assets (approximation) | - | -€3,314 | -€176,220 | -€267,611 | -€17,121 | -€15,908 | ▲ 7.1% |
| Change in cash | - | €4,790 | €10,207 | €19,712 | €43,456 | -€43,878 | - |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 28-08-2024 | 2024-00383228 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00416638 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20465092 | |
| 31-12-2020 | micro format | 31-01-2022 | 2022-03400196 | |
| 31-12-2019 | micro format | 27-01-2021 | 2021-03900401 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-63600125 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-62200072 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-59700387 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-58800309 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-56600228 |