SMARTDOC
InactiveFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 24-06-2024 PDF all 16 filings
Turnover
≈ €1.2m
Estimated: probably between €730,000 and €2.1m
Total assets
€1.4m▲ 95.2%
2022 · €725,666
Net result
€294,282▲ 29×
2022 · €10,279
Working capital
-€290,817▲ 32.6%
2022 · -€431,731
Trend over the years
2020 to 2023, 5 financial years 2019 to 2023, 6 financial years
Several financial years end in the same calendar year, so there is no annual trend.
Operating result€0.3m
2023
Net result€0.3m
2023
Total assets€1.4m
2023
Equity€0.3m
2023
Debt€1.1m
2023
Working capital-€0.3m
2023
Staff (FTE)1
2023
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202020202120222023
Operating result€0.02m-€0.04m▲ 84.7%-€0.02m--€0.07m▼ 361%€0.02m€0.3m▲ 12×
Net result€0.02m-€0.04m▲ 123%-€0.02m--€0.08m▼ 257%€0.01m€0.3m▲ 29×
Equity€0.03m-€0.07m▲ 116%€0.05m--€0.03m-€0.02m▲ 32.2%€0.3m
Total assets€0.4m-€0.5m▲ 22.0%€0.6m-€0.7m▲ 18.0%€0.7m▼ 0.1%€1.4m▲ 95.2%
Debt€0.3m-€0.4m▲ 13.4%€0.6m-€0.8m▲ 33.0%€0.7m▼ 1.4%€1.1m▲ 53.1%
Working capital€0.08m--€0.008m-€0.1m--€0.1m▼ 19.4%-€0.4m▼ 200%-€0.3m▲ 32.6%
Staff (FTE)2.4-4.4▲ 83.3%3.6-3.6=1.7▼ 52.8%1▼ 41.2%
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
2023 in colour, 2022 as the grey bar beneath
Assets €1.4m
Fixed assets
€616,015 ▲ 32.5%
Current assets
€800,454 ▲ 207%
Equity and liabilities €1.4m
Equity
€272,592
Debt
€1.1m
Debt's share of the balance-sheet total is 80.8%.
Key figures and ratios
EBITDA
€417,358▲
2022 · €171,699
Cash flow
€425,635▲
2022 · €158,970
Current ratio
0.73▲
2022 · 0.38
Debt to equity
4.20
ROE
108.0%
ROA
20.8%▲
2022 · 1.4%
Interest coverage
22.39▲
2022 · 13.59
Debt ≤ 1 year
€1.1m▲
2022 · €692,424
Income taxes
€0▼
2022 · €95
Staff costs
€94,770▼
2022 · €139,469
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €20,185 awarded · €20,185 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €2,377 | €2,377 |
| 2023 | 1 | €9,338 | €9,338 |
| 2022 | 1 | €8,470 | €8,470 |
Annual accounts
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €290,299 | €139,469 | €94,770 | ▼ 32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,023 | €65,313 | €74,498 | €123,400 | €148,690 | €131,353 | ▼ 11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€3,933 | €6,932 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €46,670 | €3,245 | €609 | ▼ 81.2% |
| Non-recurring operating charges66A | - | - | - | €0 | €0 | €0 | ▼ 100% |
| Gross operating margin9900 | €226,742 | €460,359 | €304,488 | €385,522 | €321,344 | €512,737 | ▲ 59.6% |
| Operating profit (loss)9901 | €22,859 | €42,227 | -€15,393 | -€70,914 | €23,008 | €286,005 | ▲ 12× |
| Financial income75/76B | - | - | - | €3,755 | €2 | €26,917 | ▲ 13,130× |
| Recurring financial income75 | €208 | €446 | €1 | €467 | €2 | €26,917 | ▲ 13,130× |
| Non-recurring financial income76B | - | - | - | €3,288 | €0 | - | - |
| Financial charges65/66B | - | - | - | €10,651 | €12,636 | €18,639 | ▲ 47.5% |
| Recurring financial charges65 | €6,688 | €6,120 | €6,215 | €10,651 | €12,636 | €18,639 | ▲ 47.5% |
| Profit (loss) for the period before taxes9903 | €16,379 | €36,553 | -€21,607 | -€77,810 | €10,374 | €294,282 | ▲ 28× |
| Income taxes67/77 | €195 | €520 | €109 | -€370 | €95 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €16,184 | €36,033 | -€21,716 | -€77,440 | €10,279 | €294,282 | ▲ 29× |
| Profit (loss) for the period to be appropriated9905 | €16,184 | €36,033 | -€21,716 | -€77,440 | €10,279 | €294,282 | ▲ 29× |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.4m | €0.5m | €0.6m | €0.7m | €0.7m | €1.4m | ▲ 95.2% |
| Fixed assets21/28 | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 32.5% |
| Intangible fixed assets21 | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 33.0% |
| Tangible fixed assets22/27 | €0.01m | €0.01m | €0.005m | €0.002m | €0.002m | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.002m | €0 | ▼ 100% |
| Current assets29/58 | €0.2m | €0.2m | €0.3m | €0.4m | €0.3m | €0.8m | ▲ 207% |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.1m | €0.3m | €0.3m | €0.8m | ▲ 213% |
| Trade receivables40 | - | - | - | €0.3m | €0.09m | €0.2m | ▲ 135% |
| Other amounts receivable41 | - | - | - | €0 | €0.2m | €0.6m | ▲ 253% |
| Cash at bank and in hand54/58 | €0.07m | €0.03m | €0.1m | €0.04m | €0 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.007m | €0.005m | ▼ 22.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.4m | €0.5m | €0.6m | €0.7m | €0.7m | €1.4m | ▲ 95.2% |
| Equity10/15 | €0.03m | €0.07m | €0.05m | -€0.03m | -€0.02m | €0.3m | - |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.007m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | €0.005m | = |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | -€0.08m | -€0.04m | -€0.06m | -€0.1m | -€0.1m | €0.2m | - |
| Amounts payable17/49 | €0.3m | €0.4m | €0.6m | €0.8m | €0.7m | €1.1m | ▲ 53.1% |
| Amounts payable after more than one year17 | €0.08m | €0.06m | €0.06m | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.4m | €0.5m | €0.7m | €1.1m | ▲ 57.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | - |
| Financial debts43 | - | - | - | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - |
| Trade debts44 | €0.08m | €0.1m | €0.3m | €0.2m | €0.4m | €0.4m | ▲ 4.8% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.4m | ▲ 4.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.02m | €0.01m | ▼ 40.1% |
| Taxes450/3 | - | - | - | €0.03m | €0.004m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.01m | €0.01m | ▼ 20.7% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.7m | ▲ 139% |
| Accrued charges and deferred income492/3 | - | - | - | €0.3m | €0.05m | €0.05m | ▼ 4.2% |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,184 | €36,033 | -€21,716 | -€77,440 | €10,279 | €294,282 | ▲ 29× |
| + Depreciation and write-downs630 | €49,023 | €65,313 | €74,498 | €123,400 | €148,690 | €131,353 | ▼ 11.7% |
| Operating cash flow (approximation) | €65,207 | €101,346 | €52,782 | €45,960 | €158,970 | €425,635 | ▲ 168% |
| Investment in fixed assets (approximation) | - | -€162,277 | - | -€148,377 | -€248,261 | -€282,395 | ▼ 13.7% |
| Change in cash | - | -€31,186 | - | -€84,537 | -€44,072 | - | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 24-06-2024 | 2024-00158984 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00261878 | |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20204430 | |
| 31-12-2020 | abbreviated format | 15-07-2021 | 2021-35800100 | |
| 31-03-2020 | abbreviated format | 26-11-2020 | 2020-72000485 | |
| 31-03-2019 | abbreviated format | 31-10-2019 | 2019-72400017 | |
| 31-03-2018 | abbreviated format | 22-10-2018 | 2018-69700222 | |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-68700591 | |
| 31-03-2016 | abbreviated format | 02-11-2016 | 2016-67200586 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-51800442 |