SKEWSQUARE
InactiveFinancials · financial year 2021, micro format
2021 annual accounts filed 25 days after the deadline Filed on 25 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20318243.
Annual accounts 2021 filed on 25-08-2022 PDF all 4 filings
Turnover
≈ €180,000
Estimated: probably between €83,000 and €430,000
Total assets
€29,581▼ 39.9%
2020 · €49,206
Net result
€5,558▼ 53.0%
2020 · €11,821
Working capital
€10,345
2020 · -€893
Trend over the years
2018 to 2021, 4 financial years
The operating result for 2021 is 37% lower than in 2020.
Operating result€10,664
2021
Net result€5,558
2021
Total assets€29,581
2021
Equity€10,905
2021
Debt€18,676
2021
Working capital€10,345
2021
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€810--€10,461▼ 1,191%€17,047€10,664▼ 37.4%
Net result-€1,815--€11,359▼ 526%€11,821€5,558▼ 53.0%
Equity€4,885--€6,474€5,347€10,905▲ 104%
Total assets€65,143-€37,930▼ 41.8%€49,206▲ 29.7%€29,581▼ 39.9%
Debt€60,258-€44,404▼ 26.3%€43,859▼ 1.2%€18,676▼ 57.4%
Working capital-€8,463--€17,950▼ 112%-€893▲ 95.0%€10,345
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €29,331
Fixed assets
€310 ▼ 97.4%
Current assets
€29,021 ▼ 20.8%
Equity and liabilities €29,581
Equity
€10,905 ▲ 104%
Debt
€18,676 ▼ 57.4%
Debt's share of the balance-sheet total falls from 89.1% to 63.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,650▼
2020 · €29,625
Cash flow
€17,544▼
2020 · €24,399
Current ratio
1.55▲
2020 · 0.98
Debt to equity
1.71▲
2020 · 1.18
ROE
51.0%▼
2020 · 221.1%
ROA
18.8%▼
2020 · 24.0%
Interest coverage
20.86
Debt ≤ 1 year
€18,676▼
2020 · €37,553
Income taxes
€4,022▼
2020 · €4,336
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,269 | €12,578 | €12,578 | €11,986 | ▼ 4.7% |
| Other operating charges640/8 | - | - | - | €1,062 | - |
| Gross operating margin9900 | €12,701 | €2,617 | €29,625 | €23,712 | ▼ 20.0% |
| Operating profit (loss)9901 | -€810 | -€10,461 | €17,047 | €10,664 | ▼ 37.4% |
| Financial income75/76B | - | - | - | €2 | - |
| Recurring financial income75 | €90 | €11 | €8 | €2 | ▼ 75.0% |
| Financial charges65/66B | - | - | - | €1,086 | - |
| Recurring financial charges65 | €349 | €491 | €898 | €1,086 | ▲ 20.9% |
| Profit (loss) for the period before taxes9903 | -€1,069 | -€10,941 | €16,157 | €9,580 | ▼ 40.7% |
| Income taxes67/77 | €746 | €418 | €4,336 | €4,022 | ▼ 7.2% |
| Profit (loss) for the period9904 | -€1,815 | -€11,359 | €11,821 | €5,558 | ▼ 53.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,815 | -€11,359 | €11,821 | €5,558 | ▼ 53.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €65,143 | €37,930 | €49,206 | €29,581 | ▼ 39.9% |
| Formation expenses20 | €1,000 | €750 | €500 | €250 | ▼ 50.0% |
| Fixed assets21/28 | €35,464 | €24,374 | €12,046 | €310 | ▼ 97.4% |
| Tangible fixed assets22/27 | €35,464 | €24,374 | €12,046 | €310 | ▼ 97.4% |
| Plant, machinery and equipment23 | - | - | - | €310 | - |
| Current assets29/58 | €28,679 | €12,806 | €36,660 | €29,021 | ▼ 20.8% |
| Amounts receivable within one year40/41 | €23,671 | €10,112 | €26,136 | €13,949 | ▼ 46.6% |
| Trade receivables40 | - | - | - | €12,342 | - |
| Other amounts receivable41 | - | - | - | €1,607 | - |
| Cash at bank and in hand54/58 | €5,008 | €2,694 | €10,524 | €15,072 | ▲ 43.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €65,143 | €37,930 | €49,206 | €29,581 | ▼ 39.9% |
| Equity10/15 | €4,885 | -€6,474 | €5,347 | €10,905 | ▲ 104% |
| Contributions10/11 | €6,700 | €6,700 | - | €6,700 | - |
| Contributions outside capital11 | - | - | - | €6,700 | - |
| Other1109/19 | - | - | - | €6,700 | - |
| Profit (loss) carried forward14 | -€1,815 | -€13,174 | -€1,353 | €4,205 | - |
| Amounts payable17/49 | €60,258 | €44,404 | €43,859 | €18,676 | ▼ 57.4% |
| Amounts payable after more than one year17 | €23,116 | €13,648 | €6,306 | - | - |
| Amounts payable within one year42/48 | €37,142 | €30,756 | €37,553 | €18,676 | ▼ 50.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,306 | - |
| Trade debts44 | €4,794 | €8,674 | €8,447 | €2,763 | ▼ 67.3% |
| Suppliers440/4 | - | - | - | €2,763 | - |
| Taxes, remuneration and social security45 | - | - | - | €9,607 | - |
| Taxes450/3 | - | - | - | €9,607 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,815 | -€11,359 | €11,821 | €5,558 | ▼ 53.0% |
| + Depreciation and write-downs630 | €12,269 | €12,578 | €12,578 | €11,986 | ▼ 4.7% |
| Operating cash flow (approximation) | €10,454 | €1,219 | €24,399 | €17,544 | ▼ 28.1% |
| Investment in fixed assets (approximation) | - | -€1,488 | -€250 | -€250 | = |
| Change in cash | - | -€2,314 | €7,830 | €4,548 | ▼ 41.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.