SECURITY & DEVELOPMENT
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 73 days after the deadline Filed on 12 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00484081.
Annual accounts 2022 filed on 12-10-2023 PDF all 13 filings
Turnover
€182,770
EBIT margin
20.4%
Net result
€37,281▲ 244%
2021 · €10,828
Working capital
€48,248▲ 340%
2021 · €10,967
Multi-year overview
2018 to 2022, 5 financial yearsTurnover
€182,770
2022
20182022
Operating result
€37,281
▲ 244%
2022
20182022
Net result
€37,281
▲ 244%
2022
20182022
EBIT margin
20.4%
2022
20182022
Equity
€48,298
▲ 338%
2022
20182022
Total assets
€223,686
▲ 20×
2022
20182022
Debt
€175,388
▲ 1,103×
2022
20182022
Working capital
€48,248
▲ 340%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€182,770
Operating result-€1,210--€1,210=-€1,210=€10,828€37,281▲ 244%
Net result-€1,210--€1,210=-€1,210=€10,828€37,281▲ 244%
EBIT margin20.4%
Equity-€9,791--€11,001▼ 12.4%€189€11,017▲ 58×€48,298▲ 338%
Total assets€348-€348=€348=€11,176▲ 32×€223,686▲ 20×
Debt€10,138-€11,348▲ 11.9%€158▼ 98.6%€159▲ 0.3%€175,388▲ 1,103×
Working capital-€9,841--€11,051▼ 12.3%€139€10,967▲ 79×€48,248▲ 340%
The operating result for 2022 is over 3.4 times that of 2021 and the highest since 2018. It is the second rise in a row.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €223,686
Fixed assets
€50 =
Current assets
€223,636 ▲ 20×
Equity and liabilities €223,686
Equity
€48,298 ▲ 338%
Debt
€175,388 ▲ 1,103×
Debt's share of the balance-sheet total rises from 1.4% to 78.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.28▼
2021 · 69.97
Debt to equity
3.63▲
2021 · 0.01
ROE
77.2%▼
2021 · 98.3%
ROA
16.7%▼
2021 · 96.9%
Debt ≤ 1 year
€175,388▲
2021 · €159
Customer credit
444 days
Supplier credit
440 days
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €182,770 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €145,489 | - |
| Gross operating margin9900 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Operating profit (loss)9901 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Profit (loss) for the period before taxes9903 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Profit (loss) for the period9904 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Profit (loss) for the period to be appropriated9905 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348 | €348 | €348 | €11,176 | €223,686 | ▲ 20× |
| Fixed assets21/28 | €50 | €50 | €50 | €50 | €50 | = |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €298 | €298 | €298 | €11,126 | €223,636 | ▲ 20× |
| Amounts receivable within one year40/41 | €298 | €298 | €298 | €11,126 | €223,636 | ▲ 20× |
| Trade receivables40 | - | - | - | €10,828 | €222,543 | ▲ 21× |
| Other amounts receivable41 | - | - | - | €298 | €1,093 | ▲ 267% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348 | €348 | €348 | €11,176 | €223,686 | ▲ 20× |
| Equity10/15 | -€9,791 | -€11,001 | €189 | €11,017 | €48,298 | ▲ 338% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €57 | €57 | €57 | €57 | €57 | = |
| Non-distributable reserves130/1 | - | - | - | €57 | €57 | = |
| Reserves not available under the articles1311 | - | - | - | €57 | €57 | = |
| Profit (loss) carried forward14 | -€16,048 | -€17,258 | -€18,468 | -€7,640 | €29,641 | - |
| Amounts payable17/49 | €10,138 | €11,348 | €158 | €159 | €175,388 | ▲ 1,103× |
| Amounts payable within one year42/48 | €10,138 | €11,348 | €158 | €159 | €175,388 | ▲ 1,103× |
| Trade debts44 | €303 | - | - | - | €175,229 | - |
| Suppliers440/4 | - | - | - | - | €175,229 | - |
| Other amounts payable47/48 | - | - | - | €159 | €159 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Operating cash flow (approximation) | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 12-10-2023 | 2023-00484081 | |
| 31-12-2021 | micro format | 18-03-2023 | 2023-00041355 | |
| 31-12-2020 | micro format | 19-05-2021 | 2021-14500412 | |
| 31-12-2019 | micro format | 04-08-2020 | 2020-38400231 | |
| 31-12-2018 | micro format | 08-08-2019 | 2019-45300091 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-67500252 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-26700232 | |
| 31-12-2015 | full format | 19-08-2016 | 2016-46200457 | |
| 31-12-2011 | full format | 29-08-2012 | 2012-51800422 | |
| 31-12-2010 | full format | 10-08-2011 | 2011-39200274 |