SNACKBYTES
InactiveFinancials · financial year 2021, full format
Annual accounts 2021 filed on 29-07-2022 PDF all 7 filings
Turnover
€2.9m▲ 25.2%
2020 · €2.4m
EBIT margin
8.0%▼ 1.1pp
2020 · 9.1%
Net result
€248,041▲ 276%
2020 · €66,024
Working capital
€1.2m▲ 20.3%
2020 · €979,659
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result for 2021 is 10% higher than in 2020. It is a recovery after the fall in 2020.
Turnover€2.9m
2021
Operating result€0.2m
2021
Net result€0.2m
2021
Total assets€1.9m
2021
Equity€1.2m
2021
Debt€0.7m
2021
Working capital€1.2m
2021
EBIT margin8.0%
2021
Staff (FTE)21.3
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.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
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
Line2018201920202021
Turnover€2.1m-€2.6m▲ 24.5%€2.4m▼ 9.6%€2.9m▲ 25.2%
Operating result€0.4m-€0.4m▲ 7.2%€0.2m▼ 49.1%€0.2m▲ 9.5%
Net result€0.3m-€0.3m▲ 14.2%€0.07m▼ 78.4%€0.2m▲ 276%
EBIT margin18.8%-16.2%▼ 2.6pp9.1%▼ 7.1pp8.0%▼ 1.1pp
Equity€0.6m-€0.9m▲ 53.5%€0.9m▲ 7.5%€1.2m▲ 26.2%
Total assets€1.2m-€1.5m▲ 24.9%€1.5m▲ 4.2%€1.9m▲ 25.5%
Debt€0.6m-€0.6m▼ 2.4%€0.6m▼ 0.9%€0.7m▲ 24.4%
Working capital€0.6m-€0.9m▲ 48.3%€1.0m▲ 13.2%€1.2m▲ 20.3%
Staff (FTE)20.6-24▲ 16.5%22.7▼ 5.4%21.3▼ 6.2%
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.9m
Fixed assets
€38,310 ▲ 31.7%
Current assets
€1.9m ▲ 25.4%
Equity and liabilities €1.9m
Equity
€1.2m ▲ 26.2%
Debt
€721,817 ▲ 24.4%
Debt's share of the balance-sheet total falls from 38.0% to 37.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€255,354▲
2020 · €240,639
Cash flow
€268,425▲
2020 · €92,115
Current ratio
2.69▼
2020 · 2.90
Debt to equity
0.61
ROE
20.8%▲
2020 · 7.0%
ROA
13.0%▲
2020 · 4.3%
Interest coverage
over 100
2020 · over 100
Debt ≤ 1 year
€697,767▲
2020 · €516,493
Income taxes
€676▼
2020 · €156,258
Customer credit
102 days▼
2020 · 196 days
Supplier credit
122 days
Staff costs
€976,577
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 23 |
| full-time | 23 |
| in full-time equivalents | 23 |
| Average over the year, in full-time equivalents | 21.4 |
| On a permanent contract | 23 |
| Joined | 16 |
| Left | 13 |
| Training hours | 73 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €29,601 |
| Depreciation and write-downs of the year | €20,384 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.0m | - |
| Turnover70 | €2.1m | €2.6m | €2.4m | €2.9m | ▲ 25.2% |
| Other operating income74 | - | - | - | €0.02m | - |
| Operating charges60/66A | - | - | - | €2.7m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €1.1m | - |
| Purchases600/8 | - | - | - | €1.1m | - |
| Services and other goods61 | - | - | - | €0.6m | - |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.02m | - |
| Other operating charges640/8 | - | - | - | €0.001m | - |
| Operating profit (loss)9901 | €0.4m | €0.4m | €0.2m | €0.2m | ▲ 9.5% |
| Financial income75/76B | - | - | - | €0.01m | - |
| Recurring financial income75 | €0.002m | €0.009m | €0.01m | €0.01m | ▲ 42.1% |
| Income from financial fixed assets750 | - | - | - | €0.01m | - |
| Financial charges65/66B | - | - | - | €0.001m | - |
| Recurring financial charges65 | €0.003m | €0.003m | €0.002m | €0.001m | ▼ 78.2% |
| Debt charges650 | €0.002m | €0.002m | €0.002m | €173 | ▼ 91.1% |
| Other financial charges652/9 | - | - | - | €328 | - |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.4m | €0.2m | €0.2m | ▲ 11.9% |
| Income taxes67/77 | €0.1m | €0.1m | €0.2m | €0.001m | ▼ 99.6% |
| Taxes670/3 | - | - | - | €0.009m | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.008m | - |
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.07m | €0.2m | ▲ 276% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.3m | €0.07m | €0.2m | ▲ 276% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.2m | €1.5m | €1.5m | €1.9m | ▲ 25.5% |
| Fixed assets21/28 | €0.04m | €0.05m | €0.03m | €0.04m | ▲ 31.7% |
| Tangible fixed assets22/27 | €0.04m | €0.05m | €0.03m | €0.04m | ▲ 31.7% |
| Furniture and vehicles24 | - | - | - | €0.04m | - |
| Other tangible fixed assets26 | - | - | - | €42 | - |
| Financial fixed assets28 | €0.002m | - | - | - | - |
| Current assets29/58 | €1.1m | €1.4m | €1.5m | €1.9m | ▲ 25.4% |
| Amounts receivable within one year40/41 | €1.0m | €1.4m | €1.3m | €1.8m | ▲ 41.1% |
| Trade receivables40 | - | - | - | €0.8m | - |
| Other amounts receivable41 | - | - | - | €1.0m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.04m | €0.2m | €0.09m | ▼ 60.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.2m | €1.5m | €1.5m | €1.9m | ▲ 25.5% |
| Equity10/15 | €0.6m | €0.9m | €0.9m | €1.2m | ▲ 26.2% |
| Contributions10/11 | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Capital10 | - | - | - | €0.04m | - |
| Issued capital100 | - | - | - | €0.04m | - |
| Reserves13 | €0.5m | €0.8m | €0.9m | €1.2m | ▲ 27.4% |
| Non-distributable reserves130/1 | - | - | - | €0.004m | - |
| Legal reserve130 | - | - | - | €0.004m | - |
| Distributable reserves133 | - | - | - | €1.2m | - |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.001m | €238 | ▼ 68.4% |
| Amounts payable17/49 | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 24.4% |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €0.5m | €0.7m | ▲ 35.1% |
| Trade debts44 | €0.2m | €0.1m | €0.09m | €0.4m | ▲ 320% |
| Suppliers440/4 | - | - | - | €0.4m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | - |
| Taxes450/3 | - | - | - | €0.2m | - |
| Remuneration and social security454/9 | - | - | - | €0.1m | - |
| Other amounts payable47/48 | - | - | - | €0.04m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €268,200 | €306,329 | €66,024 | €248,041 | ▲ 276% |
| + Depreciation and write-downs630 | €21,058 | €21,673 | €26,091 | €20,384 | ▼ 21.9% |
| Operating cash flow (approximation) | €289,258 | €328,001 | €92,115 | €268,425 | ▲ 191% |
| Investment in fixed assets (approximation) | - | -€27,007 | -€7,431 | -€29,601 | ▼ 298% |
| Change in cash | - | -€139,367 | €192,514 | -€139,447 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | full format | 29-07-2022 | 2022-20254470 | |
| 31-12-2020 | full format | 27-07-2021 | 2021-41100454 | |
| 31-12-2019 | full format | 15-07-2020 | 2020-30400561 | |
| 31-12-2018 | full format | 17-06-2019 | 2019-19200365 | |
| 31-12-2017 | abbreviated format | 22-08-2018 | 2018-49000013 | |
| 31-12-2016 | abbreviated format | 09-09-2017 | 2017-60500491 | |
| 31-12-2015 | abbreviated format | 17-08-2016 | 2016-43400331 |