SLICE
InactiveFrom the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, micro format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 31-12-2023
- Filed on
- 11-04-2024
- Format
- micro format
- Reference
- 2024-00061916
Turnover
≈ €330,000
Estimated: probably between €220,000 and €510,000
Total assets
€464,624▲ 184%
2022 · €163,332
Net result
€41,635
2022 · -€14,398
Working capital
-€236,917▼ 6,325%
2022 · -€3,688
Trend over the years
2019 to 2023, 5 financial years
The operating result returns to profit in 2023: €51,165 after a loss of €11,619 in 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€51,165
2023
Net result€41,635
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€464,624
2023
Equity€65,075
2023
Debt€399,549
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€236,917
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€6,457-€30,767€55,554▲ 80.6%-€11,619€51,165
Net result-€9,873-€27,020€42,093▲ 55.8%-€14,398€41,635
Equity€8,727-€35,747▲ 310%€77,839▲ 118%€23,441▼ 69.9%€65,075▲ 178%
Total assets€111,130-€136,216▲ 22.6%€228,504▲ 67.8%€163,332▼ 28.5%€464,624▲ 184%
Debt€102,403-€100,470▼ 1.9%€150,665▲ 50.0%€139,891▼ 7.2%€399,549▲ 186%
Working capital-€5,925-€21,686€54,976▲ 154%-€3,688-€236,917▼ 6,325%
Staff (FTE)1
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €464,624
Fixed assets
€392,095 ▲ 207%
Current assets
€72,530 ▲ 104%
Equity and liabilities €464,624
Equity
€65,075 ▲ 178%
Debt
€399,549 ▲ 186%
Debt's share of the balance-sheet total rises from 85.6% to 86.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85,726▲
2022 · €7,264
Cash flow
€76,196▲
2022 · €4,485
Current ratio
0.23▼
2022 · 0.91
Debt to equity
6.14▲
2022 · 5.97
ROE
64.0%▲
2022 · -61.4%
ROA
9.0%▲
2022 · -8.8%
Interest coverage
11.20▲
2022 · 2.61
Debt ≤ 1 year
€309,447▲
2022 · €39,293
Debt > 1 year
€90,102▼
2022 · €100,598
Income taxes
€1,878▲
2022 · €0
Staff costs
€46,105
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €46,105 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,595 | €12,210 | €13,758 | €18,884 | €34,561 | ▲ 83.0% |
| Other operating charges640/8 | - | - | €579 | €520 | €559 | ▲ 7.7% |
| Gross operating margin9900 | €13,940 | €43,434 | €69,890 | €7,784 | €132,391 | ▲ 17× |
| Operating profit (loss)9901 | -€6,457 | €30,767 | €55,554 | -€11,619 | €51,165 | - |
| Financial income75/76B | - | - | €1 | €6 | €0 | ▼ 98.9% |
| Recurring financial income75 | - | - | €1 | €6 | €0 | ▼ 98.9% |
| Financial charges65/66B | - | - | €2,942 | €2,785 | €7,653 | ▲ 175% |
| Recurring financial charges65 | €3,416 | €1,967 | €2,942 | €2,785 | €7,653 | ▲ 175% |
| Profit (loss) for the period before taxes9903 | -€9,873 | €28,800 | €52,613 | -€14,398 | €43,512 | - |
| Income taxes67/77 | - | €1,780 | €10,520 | €0 | €1,878 | - |
| Profit (loss) for the period9904 | -€9,873 | €27,020 | €42,093 | -€14,398 | €41,635 | - |
| Profit (loss) for the period to be appropriated9905 | -€9,873 | €27,020 | €42,093 | -€14,398 | €41,635 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111,130 | €136,216 | €228,504 | €163,332 | €464,624 | ▲ 184% |
| Fixed assets21/28 | €103,739 | €91,528 | €142,339 | €127,727 | €392,095 | ▲ 207% |
| Tangible fixed assets22/27 | €103,739 | €91,528 | €142,339 | €127,727 | €392,095 | ▲ 207% |
| Plant, machinery and equipment23 | - | - | - | - | €50,559 | - |
| Furniture and vehicles24 | - | - | - | - | €4,890 | - |
| Other tangible fixed assets26 | - | - | €142,339 | €127,727 | €336,647 | ▲ 164% |
| Current assets29/58 | €7,391 | €44,688 | €86,166 | €35,605 | €72,530 | ▲ 104% |
| Amounts receivable within one year40/41 | €544 | €12,491 | €3,414 | €9,088 | €31,634 | ▲ 248% |
| Trade receivables40 | - | - | €0 | €8,305 | €30,300 | ▲ 265% |
| Other amounts receivable41 | - | - | €3,414 | €783 | €1,335 | ▲ 70.5% |
| Cash at bank and in hand54/58 | €6,847 | €32,198 | €82,386 | €26,106 | €39,719 | ▲ 52.1% |
| Deferred charges and accrued income490/1 | - | - | €366 | €412 | €1,176 | ▲ 186% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111,130 | €136,216 | €228,504 | €163,332 | €464,624 | ▲ 184% |
| Equity10/15 | €8,727 | €35,747 | €77,839 | €23,441 | €65,075 | ▲ 178% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €17,147 | €59,239 | €4,841 | €46,475 | ▲ 860% |
| Distributable reserves133 | - | - | €59,239 | €4,841 | €46,475 | ▲ 860% |
| Profit (loss) carried forward14 | -€9,873 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €102,403 | €100,470 | €150,665 | €139,891 | €399,549 | ▲ 186% |
| Amounts payable after more than one year17 | €89,087 | €77,468 | €119,475 | €100,598 | €90,102 | ▼ 10.4% |
| Financial debts170/4 | - | - | €119,475 | €100,598 | €90,102 | ▼ 10.4% |
| Amounts payable within one year42/48 | €13,316 | €23,002 | €31,190 | €39,293 | €309,447 | ▲ 688% |
| Current portion of amounts payable after more than one year42 | - | - | €19,179 | €18,877 | €19,858 | ▲ 5.2% |
| Trade debts44 | €1,698 | €2,496 | €1,491 | €9,161 | €99,938 | ▲ 991% |
| Suppliers440/4 | - | - | €1,491 | €9,161 | €99,938 | ▲ 991% |
| Taxes, remuneration and social security45 | - | - | €10,520 | €11,255 | €12,942 | ▲ 15.0% |
| Taxes450/3 | - | - | €10,520 | €11,255 | €6,941 | ▼ 38.3% |
| Remuneration and social security454/9 | - | - | - | - | €6,001 | - |
| Other amounts payable47/48 | - | - | - | - | €176,709 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,873 | €27,020 | €42,093 | -€14,398 | €41,635 | - |
| + Depreciation and write-downs630 | €19,595 | €12,210 | €13,758 | €18,884 | €34,561 | ▲ 83.0% |
| Operating cash flow (approximation) | €9,722 | €39,230 | €55,850 | €4,485 | €76,196 | ▲ 17× |
| Investment in fixed assets (approximation) | - | €0 | -€64,568 | -€4,272 | -€298,929 | ▼ 6,897% |
| Change in cash | - | €25,350 | €50,188 | -€56,280 | €13,613 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 11-04-2024 | 2024-00061916 | |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00131009 | |
| 31-12-2021 | micro format | 17-08-2022 | 2022-20293426 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59700541 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-20900541 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.