SELECT
InactiveFinancials · financial year 2021, abbreviated format
2021 annual accounts filed 28 days after the deadline Filed on 28 February 2022, deadline 31 January 2022 (7 months after the close on 30 June 2021, Companies Code art. 3:10). Source: NBB, 2022-06600584.
Annual accounts 2021 filed on 28-02-2022 PDF all 45 filings
Turnover
≈ €1.9m
Estimated: probably between €1.1m and €3.2m
Total assets
€3.2m▲ 12.9%
2021 · €2.9m
Net result
€365,525▼ 49.2%
2021 · €719,360
Working capital
€1.5m▲ 55.7%
2021 · €958,764
Multi-year overview
2019 to 2021, 4 financial yearsOperating result
€515,947
2021
20192021
Net result
€365,525
2021
20192021
Equity
€2.3m
2021
20192021
Total assets
€3.2m
2021
20192021
Debt
€934,946
2021
20192021
Working capital
€1.5m
2021
20192021
Staff (FTE)
no figure
2021
20192021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212021
Operating result€0.4m-€0.4m▼ 4.6%€1.0m▲ 176%€0.5m-
Net result€0.2m-€0.2m▲ 3.4%€0.7m▲ 214%€0.4m-
Equity€1.1m-€1.3m▲ 17.4%€1.9m▲ 45.7%€2.3m-
Total assets€2.8m-€3.0m▲ 7.7%€2.9m▼ 5.4%€3.2m-
Debt€1.6m-€1.7m▲ 3.9%€0.9m▼ 45.4%€0.9m-
Working capital€0.2m-€0.4m▲ 93.7%€1.0m▲ 143%€1.5m-
Staff (FTE)34.6-36.5▲ 5.5%37.4▲ 2.5%
Several financial years end in the same calendar year, so there is no annual trend.
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
2021 in colour, 2021 as the grey bar beneath
Assets €3.2m
Fixed assets
€1.0m ▼ 13.2%
Current assets
€2.2m ▲ 31.3%
Equity and liabilities €3.2m
Equity
€2.3m ▲ 18.8%
Provisions
€3,012 =
Debt
€934,946 ▲ 0.5%
Debt's share of the balance-sheet total falls from 32.3% to 28.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€550,950▼
2021 · €1.2m
Cash flow
€400,528▼
2021 · €903,769
Current ratio
3.07▲
2021 · 2.32
Quick ratio
2.53▲
2021 · 1.59
Debt to equity
0.09▼
2021 · 0.10
ROE
15.8%▼
2021 · 37.0%
ROA
11.3%▼
2021 · 25.0%
Debt ≤ 1 year
€721,120▼
2021 · €727,644
Debt > 1 year
€200,000=
2021 · €200,000
Income taxes
€148,192▼
2021 · €201,194
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.2m | €0.04m | - |
| Gross operating margin9900 | €1.7m | €1.7m | €2.4m | €0.8m | - |
| Operating profit (loss)9901 | €0.4m | €0.4m | €1.0m | €0.5m | - |
| Recurring financial income75 | €0.01m | €0.005m | €0.001m | €275 | - |
| Recurring financial charges65 | €0.07m | €0.07m | €0.07m | €0.003m | - |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.3m | €0.9m | €0.5m | - |
| Income taxes67/77 | €0.1m | €0.07m | €0.2m | €0.1m | - |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.7m | €0.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.7m | €0.4m | - |
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.8m | €3.0m | €2.9m | €3.2m | - |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.0m | - |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.2m | €1.0m | - |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.006m | - |
| Current assets29/58 | €1.5m | €1.8m | €1.7m | €2.2m | - |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.5m | €0.4m | - |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | €0.1m | €0.2m | - |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.7m | €1.1m | €1.0m | €1.5m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.8m | €3.0m | €2.9m | €3.2m | - |
| Equity10/15 | €1.1m | €1.3m | €1.9m | €2.3m | - |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | - |
| Reserves13 | €1.1m | €1.3m | €1.9m | €1.9m | - |
| Profit (loss) carried forward14 | €0 | - | - | €0.4m | - |
| Provisions and deferred taxes16 | €0.05m | €0.005m | €0.003m | €0.003m | - |
| Amounts payable17/49 | €1.6m | €1.7m | €0.9m | €0.9m | - |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.2m | €0.2m | - |
| Amounts payable within one year42/48 | €1.3m | €1.5m | €0.7m | €0.7m | - |
| Trade debts44 | €0.3m | €0.3m | €0.4m | €0.4m | - |
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €221,469 | €228,894 | €719,360 | €365,525 | - |
| + Depreciation and write-downs630 | €254,233 | €306,192 | €184,409 | €35,003 | - |
| Operating cash flow (approximation) | €475,702 | €535,086 | €903,769 | €400,528 | - |
| Investment in fixed assets (approximation) | - | -€218,118 | -€177,495 | - | - |
| Change in cash | - | €461,675 | -€93,933 | - | - |
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 45 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2021 | abbreviated format | 28-02-2022 | 2022-06600584 | |
| 31-03-2021 | abbreviated format | 19-05-2021 | 2021-14500339 | |
| 31-03-2020 | abbreviated format | 16-06-2020 | 2020-17200278 | |
| 31-03-2019 | abbreviated format | 21-06-2019 | 2019-21300075 | |
| 31-03-2018 | abbreviated format | 08-06-2018 | 2018-17100195 | |
| 31-03-2017 | abbreviated format | 19-07-2017 | 2017-34400043 | |
| 31-03-2016 | abbreviated format | 28-09-2016 | 2016-62200398 | |
| 31-03-2015 | abbreviated format | 07-10-2015 | 2015-64300038 | |
| 31-03-2014 | abbreviated format | 19-11-2014 | 2014-67200451 | |
| 31-03-2013 | abbreviated format | 22-11-2013 | 2013-66800230 |