RTC
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed late (52 days) Filed on 21 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00458152.
Equity
€38,966▲ 0.6%
2021 · €38,725
Total assets
€123,768▲ 2.1%
2021 · €121,197
Net result
€241▼ 86.1%
2021 · €1,732
Working capital
€30,847▲ 438%
2021 · €5,736
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result falls in 2022; 2022 is 22% below 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€3,493
2022
Net result€241
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€123,768
2022
Equity€38,966
2022
Debt€84,802
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€30,847
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.2%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency31.5%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.46
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€7,990-€1,941▼ 75.7%€1,958▲ 0.9%€4,494▲ 129%€3,493▼ 22.3%
Net result€5,964-€215▼ 96.4%€326within the sector's middle half▲ 51.8%€1,732within the sector's middle half▲ 431%€241within the sector's middle half▼ 86.1%
Equity€36,451-€36,666▲ 0.6%€36,992within the sector's middle half▲ 0.9%€38,725within the sector's middle half▲ 4.7%€38,966within the sector's middle half▲ 0.6%
Total assets€109,325-€101,007▼ 7.6%€118,795within the sector's middle half▲ 17.6%€121,197within the sector's middle half▲ 2.0%€123,768within the sector's middle half▲ 2.1%
Debt€72,874-€64,341▼ 11.7%€81,803▲ 27.1%€82,473▲ 0.8%€84,802▲ 2.8%
Working capital€6,517-€14,727▲ 126%-€1,199within the sector's middle half€5,736within the sector's middle half€30,847within the sector's middle half▲ 438%
Solvency33.3%-36.3%▲ 3.0pp31.1%within the sector's middle half▼ 5.2pp32.0%within the sector's middle half▲ 0.8pp31.5%within the sector's middle half▼ 0.5pp
Current ratio1.09-1.23▲ 0.140.99within the sector's middle half▼ 0.241.07within the sector's middle half▲ 0.081.46within the sector's middle half▲ 0.39
Return on assets (ROA)5.5%-0.2%▼ 5.2pp0.3%within the sector's middle half▲ 0.1pp1.4%within the sector's middle half▲ 1.2pp0.2%within the sector's middle half▼ 1.2pp
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €123,768
Fixed assets
€26,473 ▼ 19.8%
Current assets
€97,295 ▲ 10.3%
Equity and liabilities €123,768
Equity
€38,966 ▲ 0.6%
Debt
€84,802 ▲ 2.8%
Debt's share of the balance-sheet total rises from 68.0% to 68.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,009▼
2021 · €10,836
Cash flow
€6,757▼
2021 · €8,074
Quick ratio
0.22▲
2021 · 0.08
Debt to equity
2.18▲
2021 · 2.13
ROE
0.6%▼
2021 · 4.5%
Interest coverage
2.46▼
2021 · 3.92
Debt ≤ 1 year
€66,447▼
2021 · €82,473
Debt > 1 year
€18,354
Staff costs
€38,302▲
2021 · €16,034
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 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €16,034 | €38,302 | ▲ 139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,177 | €2,359 | €3,633 | €6,341 | €6,516 | ▲ 2.7% |
| Other operating charges640/8 | - | - | - | €462 | €116 | ▼ 74.9% |
| Gross operating margin9900 | €40,074 | €10,458 | €8,005 | €27,332 | €48,427 | ▲ 77.2% |
| Operating profit (loss)9901 | €7,990 | €1,941 | €1,958 | €4,494 | €3,493 | ▼ 22.3% |
| Financial income75/76B | - | - | - | - | €821 | - |
| Recurring financial income75 | - | - | - | - | €821 | - |
| Financial charges65/66B | - | - | - | €2,762 | €4,073 | ▲ 47.5% |
| Recurring financial charges65 | €301 | €1,189 | €1,632 | €2,762 | €4,073 | ▲ 47.5% |
| Profit (loss) for the period before taxes9903 | €7,689 | €753 | €326 | €1,732 | €241 | ▼ 86.1% |
| Income taxes67/77 | €1,724 | €538 | - | - | - | - |
| Profit (loss) for the period9904 | €5,964 | €215 | €326 | €1,732 | €241 | ▼ 86.1% |
| Profit (loss) for the period to be appropriated9905 | €5,964 | €215 | €326 | €1,732 | €241 | ▼ 86.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109,325 | €101,007 | €118,795 | €121,197 | €123,768 | ▲ 2.1% |
| Fixed assets21/28 | €29,934 | €21,939 | €38,192 | €32,989 | €26,473 | ▼ 19.8% |
| Tangible fixed assets22/27 | €27,908 | €19,913 | €35,166 | €29,963 | €23,447 | ▼ 21.7% |
| Land and buildings22 | - | - | - | €19,715 | €14,703 | ▼ 25.4% |
| Plant, machinery and equipment23 | - | - | - | €1,034 | €554 | ▼ 46.4% |
| Other tangible fixed assets26 | - | - | - | €9,214 | €8,190 | ▼ 11.1% |
| Financial fixed assets28 | €2,026 | €2,026 | €3,026 | €3,026 | €3,026 | = |
| Current assets29/58 | €79,391 | €79,068 | €80,603 | €88,209 | €97,295 | ▲ 10.3% |
| Stocks and contracts in progress3 | €77,444 | €77,444 | €80,339 | €81,839 | €82,525 | ▲ 0.8% |
| Stocks30/36 | - | - | - | €81,839 | €82,525 | ▲ 0.8% |
| Amounts receivable within one year40/41 | - | - | - | €4,866 | €13,948 | ▲ 187% |
| Trade receivables40 | - | - | - | €550 | €450 | ▼ 18.2% |
| Other amounts receivable41 | - | - | - | €4,315 | €13,498 | ▲ 213% |
| Cash at bank and in hand54/58 | €1,947 | €1,624 | €264 | €1,504 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €821 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109,325 | €101,007 | €118,795 | €121,197 | €123,768 | ▲ 2.1% |
| Equity10/15 | €36,451 | €36,666 | €36,992 | €38,725 | €38,966 | ▲ 0.6% |
| Contributions10/11 | €14,805 | €14,805 | €14,805 | €14,805 | €14,805 | = |
| Capital10 | - | - | - | €14,805 | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - |
| Uncalled capital101 | - | - | - | €3,795 | - | - |
| Reserves13 | €21,646 | €21,646 | €22,187 | €23,920 | €24,161 | ▲ 1.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €22,060 | €22,301 | ▲ 1.1% |
| Profit (loss) carried forward14 | - | €215 | - | - | - | - |
| Amounts payable17/49 | €72,874 | €64,341 | €81,803 | €82,473 | €84,802 | ▲ 2.8% |
| Amounts payable after more than one year17 | - | - | - | - | €18,354 | - |
| Financial debts170/4 | - | - | - | - | €18,354 | - |
| Amounts payable within one year42/48 | €72,874 | €64,341 | €81,803 | €82,473 | €66,447 | ▼ 19.4% |
| Financial debts43 | - | - | - | €28,172 | €35,000 | ▲ 24.2% |
| Credit institutions430/8 | - | - | - | €28,172 | €35,000 | ▲ 24.2% |
| Trade debts44 | €41,032 | €29,255 | €10,828 | €24,368 | €16,917 | ▼ 30.6% |
| Suppliers440/4 | - | - | - | €24,368 | €16,917 | ▼ 30.6% |
| Taxes, remuneration and social security45 | - | - | - | €29,933 | €14,530 | ▼ 51.5% |
| Taxes450/3 | - | - | - | €21,382 | €8,243 | ▼ 61.4% |
| Remuneration and social security454/9 | - | - | - | €8,550 | €6,287 | ▼ 26.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,964 | €215 | €326 | €1,732 | €241 | ▼ 86.1% |
| + Depreciation and write-downs630 | €5,177 | €2,359 | €3,633 | €6,341 | €6,516 | ▲ 2.7% |
| Operating cash flow (approximation) | €11,141 | €2,574 | €3,959 | €8,074 | €6,757 | ▼ 16.3% |
| Investment in fixed assets (approximation) | - | €5,636 | -€19,885 | -€1,139 | €0 | - |
| Change in cash | - | -€323 | -€1,359 | €1,239 | - | - |
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 |
|---|---|---|---|
| 31-12-2022 | micro format | 21-09-2023 | 2023-00458152 |
| 31-12-2021 | micro format | 10-10-2022 | 2022-20461939 |
| 31-12-2020 | micro format | 08-09-2021 | 2021-66700374 |
| 31-12-2019 | micro format | 27-11-2020 | 2020-72800263 |
| 31-12-2018 | micro format | 12-11-2019 | 2019-73600075 |
| 31-12-2017 | micro format | 03-10-2018 | 2018-69100149 |
| 31-12-2016 | abbreviated format | 15-02-2018 | 2018-05200186 |
| 31-12-2015 | abbreviated format | 21-09-2016 | 2016-60400477 |
| 31-12-2014 | abbreviated format | 30-10-2015 | 2015-66000440 |
| 31-12-2013 | abbreviated format | 30-10-2014 | 2014-66200396 |
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Of the 882 active companies whose main activity is retail sale of chocolate and confectionery (NACE 47242), figures are known for 343. 290 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.