SEDACTA
InactiveFinancials · financial year 2022, abbreviated format
Annual accounts 2022 filed on 18-04-2023 PDF all 6 filings
Turnover
≈ €1.9m
Estimated: probably between €1.3m and €3.1m
Total assets
€3.6m▲ 44.4%
2021 · €2.5m
Net result
€287,609▲ 106%
2021 · €139,347
Working capital
€772,314▲ 6.5%
2021 · €725,096
Multi-year overview
2019 to 2022, 4 financial yearsOperating result
€328,827
▲ 87.3%
2022
20192022
Net result
€287,609
▲ 106%
2022
20192022
Equity
€796,816
▲ 6.4%
2022
20192022
Total assets
€3.6m
▲ 44.4%
2022
20192022
Debt
€2.8m
▲ 61.3%
2022
20192022
Working capital
€772,314
▲ 6.5%
2022
20192022
Staff (FTE)
12.3
▲ 23.0%
2022
20192022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€0.7m-€0.6m▼ 14.3%€0.2m▼ 69.1%€0.3m▲ 87.3%
Net result€0.6m-€0.5m▼ 5.9%€0.1m▼ 73.6%€0.3m▲ 106%
Equity€0.6m-€0.7m▲ 19.1%€0.7m▲ 11.8%€0.8m▲ 6.4%
Total assets€2.6m-€2.2m▼ 15.8%€2.5m▲ 15.2%€3.6m▲ 44.4%
Debt€2.0m-€1.5m▼ 25.5%€1.7m▲ 17.3%€2.8m▲ 61.3%
Working capital€0.6m-€0.7m▲ 13.6%€0.7m▲ 10.3%€0.8m▲ 6.5%
Staff (FTE)7.9-9.2▲ 16.5%10▲ 8.7%12.3▲ 23.0%
The operating result for 2022 is 87% higher than in 2021. It is a recovery after the fall in 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €3.6m
Fixed assets
€53,444 ▲ 36.3%
Current assets
€3.5m ▲ 44.5%
Equity and liabilities €3.6m
Equity
€796,816 ▲ 6.4%
Provisions
€10,942 ▼ 12.2%
Debt
€2.8m ▲ 61.3%
Debt's share of the balance-sheet total rises from 69.3% to 77.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€349,416▲
2021 · €193,658
Cash flow
€308,198▲
2021 · €157,400
Current ratio
1.28▼
2021 · 1.42
Quick ratio
0.40▼
2021 · 1.36
Debt to equity
3.49▲
2021 · 0.00
ROE
36.1%▲
2021 · 18.6%
ROA
8.0%▲
2021 · 5.6%
Interest coverage
over 100
Debt ≤ 1 year
€2.8m▲
2021 · €1.7m
Income taxes
€42,462▲
2021 · €34,811
Staff costs
€745,149
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 |
|---|---|
| Employees at the balance-sheet date | 13 |
| full-time | 13 |
| part-time | 0 |
| in full-time equivalents | 13 |
| Average over the year, in full-time equivalents | 12.3 |
| On a permanent contract | 13 |
| Joined | 3 |
| Left | 1 |
| Training hours | 41 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 30-09-2022 |
|---|---|
| Tangible fixed assets | €35,699 |
| Depreciation and write-downs of the year | €20,589 |
Source: notes to the 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.7m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 14.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.002m | - |
| Other operating charges640/8 | - | - | - | €0.008m | - |
| Gross operating margin9900 | €1.2m | €1.1m | €0.7m | €1.1m | ▲ 48.8% |
| Operating profit (loss)9901 | €0.7m | €0.6m | €0.2m | €0.3m | ▲ 87.3% |
| Financial income75/76B | - | - | - | €0.002m | - |
| Recurring financial income75 | €0.002m | €3 | €0 | €0.002m | - |
| Financial charges65/66B | - | - | - | €496 | - |
| Recurring financial charges65 | €0.001m | €0.001m | €0.001m | €496 | ▼ 65.7% |
| Profit (loss) for the period before taxes9903 | €0.7m | €0.6m | €0.2m | €0.3m | ▲ 89.5% |
| Income taxes67/77 | €0.1m | €0.04m | €0.03m | €0.04m | ▲ 22.0% |
| Profit (loss) for the period9904 | €0.6m | €0.5m | €0.1m | €0.3m | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €0.5m | €0.1m | €0.3m | ▲ 106% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.6m | €2.2m | €2.5m | €3.6m | ▲ 44.4% |
| Fixed assets21/28 | €0.03m | €0.04m | €0.04m | €0.05m | ▲ 36.3% |
| Tangible fixed assets22/27 | €0.03m | €0.04m | €0.04m | €0.05m | ▲ 36.3% |
| Plant, machinery and equipment23 | - | - | - | €0 | - |
| Furniture and vehicles24 | - | - | - | €0.05m | - |
| Other tangible fixed assets26 | - | - | - | €0.006m | - |
| Current assets29/58 | €2.5m | €2.1m | €2.4m | €3.5m | ▲ 44.5% |
| Stocks and contracts in progress3 | €0.04m | €0.04m | €0.1m | €2.4m | ▲ 22× |
| Stocks30/36 | - | - | - | €0.2m | - |
| Contracts in progress37 | - | - | - | €2.3m | - |
| Amounts receivable within one year40/41 | €0.8m | €1.2m | €0.7m | €0.7m | = |
| Trade receivables40 | - | - | - | €0.5m | - |
| Other amounts receivable41 | - | - | - | €0.2m | - |
| Cash at bank and in hand54/58 | €0.9m | €0.08m | €0.2m | €0.4m | ▲ 91.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.6m | €2.2m | €2.5m | €3.6m | ▲ 44.4% |
| Equity10/15 | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 6.4% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | - |
| Issued capital100 | - | - | - | €0.2m | - |
| Reserves13 | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 9.3% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | - |
| Legal reserve130 | - | - | - | €0.02m | - |
| Tax-exempt reserves132 | - | - | - | €0.001m | - |
| Distributable reserves133 | - | - | - | €0.5m | - |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €0.03m | €0.02m | €0.01m | €0.01m | ▼ 12.2% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.01m | - |
| Other liabilities and charges164/5 | - | - | - | €0.01m | - |
| Amounts payable17/49 | €2.0m | €1.5m | €1.7m | €2.8m | ▲ 61.3% |
| Amounts payable after more than one year17 | €0.006m | €0.002m | €0 | - | - |
| Amounts payable within one year42/48 | €1.9m | €1.5m | €1.7m | €2.8m | ▲ 60.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - |
| Trade debts44 | €0.2m | €0.2m | €0.4m | €0.2m | ▼ 48.0% |
| Suppliers440/4 | - | - | - | €0.2m | - |
| Advances received on contracts in progress46 | - | - | - | €2.2m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | - |
| Taxes450/3 | - | - | - | €0.02m | - |
| Remuneration and social security454/9 | - | - | - | €0.1m | - |
| Other amounts payable47/48 | - | - | - | €0.2m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €560,707 | €527,440 | €139,347 | €287,609 | ▲ 106% |
| + Depreciation and write-downs630 | €15,140 | €16,412 | €18,053 | €20,589 | ▲ 14.0% |
| Operating cash flow (approximation) | €575,847 | €543,852 | €157,400 | €308,198 | ▲ 95.8% |
| Investment in fixed assets (approximation) | - | -€20,001 | -€21,462 | -€34,810 | ▼ 62.2% |
| Change in cash | - | -€863,466 | €148,240 | €208,479 | ▲ 40.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2022 | abbreviated format | 18-04-2023 | 2023-00060703 | |
| 30-09-2021 | abbreviated format | 30-03-2022 | 2022-09200201 | |
| 30-09-2020 | abbreviated format | 04-03-2021 | 2021-06800576 | |
| 30-09-2019 | abbreviated format | 11-02-2020 | 2020-04800272 | |
| 30-09-2018 | abbreviated format | 18-03-2019 | 2019-07200412 | |
| 30-09-2017 | abbreviated format | 30-03-2018 | 2018-09000017 |