SG PALLETS
InactiveFinancials · financial year 2022, full format
Turnover
€3.1m
EBIT margin
40.7%
Net result
€913,998▲ 65.5%
2021 · €552,432
Working capital
€1.7m▲ 136%
2021 · €716,211
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 72% above 2021 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€1.3m
2022
Net result€0.9m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.2m
2022
Equity€1.7m
2022
Debt€1.5m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.7m
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€3.1m
Operating result€0.2m-€0.2m▼ 2.6%-€0.01m€0.7m€1.3m▲ 71.9%
Net result€0.1m-€0.1m▲ 1.3%-€0.02m€0.6m€0.9m▲ 65.5%
EBIT margin40.7%
Equity€1.0m-€1.2m▲ 10.2%€1.1m▼ 1.4%€1.7m▲ 48.7%€1.7m▲ 0.5%
Total assets€1.7m-€2.1m▲ 19.6%€1.8m▼ 11.8%€2.6m▲ 44.1%€3.2m▲ 20.3%
Debt€0.7m-€0.9m▲ 33.5%€0.7m▼ 24.6%€1.0m▲ 36.7%€1.5m▲ 55.0%
Working capital€0.08m-€0.2m▲ 147%€0.2m▼ 11.8%€0.7m▲ 326%€1.7m▲ 136%
Staff (FTE)4.7-3.8▼ 19.1%5.8▲ 52.6%4▼ 31.0%1▼ 75.0%
Why a figure moved sharply
- 2022 Net result +65% on 2021. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €3.2m
Fixed assets
€6,795 ▼ 99.3%
Current assets
€3.2m ▲ 91.2%
Equity and liabilities €3.2m
Equity
€1.7m ▲ 0.5%
Debt
€1.5m ▲ 55.0%
Debt's share of the balance-sheet total rises from 36.3% to 46.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▲
2021 · €742,936
Cash flow
€916,877▲
2021 · €563,068
Current ratio
2.13▲
2021 · 1.76
Debt to equity
0.88▲
2021 · 0.57
ROE
53.9%▲
2021 · 32.7%
ROA
28.7%▲
2021 · 20.9%
Interest coverage
62.63▼
2021 · 91.73
Debt ≤ 1 year
€1.5m▲
2021 · €945,853
Debt > 1 year
€0▼
2021 · €15,457
Income taxes
€334,421▲
2021 · €203,322
Staff costs
€14,349▼
2021 · €183,727
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €4.2m | - |
| Turnover70 | - | - | - | - | €3.1m | - |
| Other operating income74 | - | - | - | - | €0.02m | - |
| Non-recurring operating income76A | - | - | - | €0.001m | €1.1m | ▲ 114,536% |
| Operating charges60/66A | - | - | - | - | €2.9m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €2.6m | - |
| Purchases600/8 | - | - | - | - | €2.5m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | €0.1m | - |
| Services and other goods61 | - | - | - | - | €0.3m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.01m | ▼ 92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.007m | €0.007m | €0.01m | €0.003m | ▼ 72.9% |
| Other operating charges640/8 | - | - | - | €0.005m | €0.002m | ▼ 68.7% |
| Non-recurring operating charges66A | - | - | - | - | €0.05m | - |
| Gross operating margin9900 | €0.4m | €0.4m | €0.3m | €0.9m | - | - |
| Operating profit (loss)9901 | €0.2m | €0.2m | -€0.01m | €0.7m | €1.3m | ▲ 71.9% |
| Financial income75/76B | - | - | - | €0.03m | €0.01m | ▼ 62.6% |
| Recurring financial income75 | €0.005m | €0.007m | €0.005m | €0.03m | €0.01m | ▼ 62.6% |
| Income from current assets751 | - | - | - | - | €0.008m | - |
| Other financial income752/9 | - | - | - | - | €0.004m | - |
| Financial charges65/66B | - | - | - | €0.008m | €0.02m | ▲ 172% |
| Recurring financial charges65 | €0.009m | €0.008m | €0.01m | €0.008m | €0.02m | ▲ 172% |
| Debt charges650 | - | - | - | - | €0.02m | - |
| Other financial charges652/9 | - | - | - | - | €0.002m | - |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | -€0.02m | €0.8m | €1.2m | ▲ 65.2% |
| Income taxes67/77 | €0.05m | €0.05m | €31 | €0.2m | €0.3m | ▲ 64.5% |
| Taxes670/3 | - | - | - | - | €0.3m | - |
| Profit (loss) for the period9904 | €0.1m | €0.1m | -€0.02m | €0.6m | €0.9m | ▲ 65.5% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.1m | -€0.02m | €0.6m | €0.9m | ▲ 65.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €2.1m | €1.8m | €2.6m | €3.2m | ▲ 20.3% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.0m | €0.007m | ▼ 99.3% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €1.0m | €1.0m | €0.007m | ▼ 99.3% |
| Land and buildings22 | - | - | - | €1.0m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €270 | ▼ 74.6% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.007m | ▼ 76.0% |
| Current assets29/58 | €0.8m | €1.1m | €0.8m | €1.7m | €3.2m | ▲ 91.2% |
| Stocks and contracts in progress3 | €0.08m | €0.1m | €0.2m | €0.1m | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €0.1m | €0 | ▼ 100% |
| Goods purchased for resale34 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €0.4m | €0.8m | €0.4m | €1.4m | €2.9m | ▲ 105% |
| Trade receivables40 | - | - | - | €0.4m | €0.1m | ▼ 71.4% |
| Other amounts receivable41 | - | - | - | €1.1m | €2.8m | ▲ 164% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.3m | €0.1m | €0.3m | ▲ 107% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €2.1m | €1.8m | €2.6m | €3.2m | ▲ 20.3% |
| Equity10/15 | €1.0m | €1.2m | €1.1m | €1.7m | €1.7m | ▲ 0.5% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | = |
| Revaluation surpluses12 | - | - | - | €0.9m | €0 | ▼ 100% |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | - | - |
| Other1319 | - | - | - | €0.01m | - | - |
| Tax-exempt reserves132 | - | - | - | - | €0.01m | - |
| Distributable reserves133 | - | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.2m | €0.8m | €1.7m | ▲ 122% |
| Amounts payable17/49 | €0.7m | €0.9m | €0.7m | €1.0m | €1.5m | ▲ 55.0% |
| Amounts payable after more than one year17 | - | - | €0.02m | €0.02m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0.02m | €0 | ▼ 100% |
| Credit institutions173 | - | - | - | - | €0 | - |
| Amounts payable within one year42/48 | €0.7m | €0.9m | €0.7m | €0.9m | €1.5m | ▲ 57.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.006m | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €0.5m | €2 | ▼ 100.0% |
| Credit institutions430/8 | - | - | - | €0.5m | €2 | ▼ 100.0% |
| Trade debts44 | €0.2m | €0.4m | €0.1m | €0.1m | €0.08m | ▼ 46.0% |
| Suppliers440/4 | - | - | - | €0.1m | €0.08m | ▼ 46.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.5m | ▲ 113% |
| Taxes450/3 | - | - | - | €0.2m | €0.5m | ▲ 125% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.09m | €0.9m | ▲ 816% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,305 | €106,677 | -€15,987 | €552,432 | €913,998 | ▲ 65.5% |
| + Depreciation and write-downs630 | €12,685 | €6,746 | €7,144 | €10,637 | €2,879 | ▼ 72.9% |
| Operating cash flow (approximation) | €117,990 | €113,422 | -€8,843 | €563,068 | €916,877 | ▲ 62.8% |
| Investment in fixed assets (approximation) | - | €0 | -€30,817 | -€8,801 | €976,420 | - |
| Change in cash | - | -€59,970 | €87,504 | -€143,991 | €139,334 | - |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 02-05-2023 | 2023-00074500 |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20244203 |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-35900462 |
| 31-12-2019 | abbreviated format | 03-08-2020 | 2020-38700220 |
| 31-12-2018 | abbreviated format | 03-06-2019 | 2019-15600381 |
| 31-12-2017 | abbreviated format | 20-06-2018 | 2018-21200154 |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21600453 |
| 31-12-2015 | abbreviated format | 08-06-2016 | 2016-16600474 |
| 31-12-2014 | abbreviated format | 09-06-2015 | 2015-17000112 |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-51100189 |
Subsidies and aid
Flemish government
2022 · 2 entries · €16,412 awarded · €16,412 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.