SO FLOW
InactiveFinancials · financial year 2023, micro format
Equity
€110,708▼ 2.5%
2022 · €113,555
Total assets
€114,360▼ 14.4%
2022 · €133,633
Net result
-€2,846
2022 · €15,719
Working capital
€89,134▼ 19.3%
2022 · €110,468
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result turns negative in 2023: a loss of €1,057 after €21,411 in 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1,057
2023
Net result-€2,846
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€114,360
2023
Equity€110,708
2023
Debt€3,652
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€89,134
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
Line201820192020202120222023
Operating result€36,593-€30,402▼ 16.9%€26,648▼ 12.3%-€1,890€21,411-€1,057
Net result€26,247-€23,906▼ 8.9%€19,973▼ 16.5%-€29,277€15,719-€2,846
Equity€83,234-€107,140▲ 28.7%€127,113▲ 18.6%€97,836▼ 23.0%€113,555▲ 16.1%€110,708▼ 2.5%
Total assets€141,692-€142,168▲ 0.3%€161,012▲ 13.3%€130,854▼ 18.7%€133,633▲ 2.1%€114,360▼ 14.4%
Debt€58,458-€35,028▼ 40.1%€33,899▼ 3.2%€33,019▼ 2.6%€20,078▼ 39.2%€3,652▼ 81.8%
Working capital€82,385-€100,501▲ 22.0%€120,826▲ 20.2%€92,718▼ 23.3%€110,468▲ 19.1%€89,134▼ 19.3%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €114,360
Fixed assets
€21,574 ▲ 599%
Current assets
€92,786 ▼ 28.9%
Equity and liabilities €114,360
Equity
€110,708 ▼ 2.5%
Debt
€3,652 ▼ 81.8%
Debt's share of the balance-sheet total falls from 15.0% to 3.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,285▼
2022 · €23,443
Cash flow
€3,496▼
2022 · €17,751
Current ratio
25.41▲
2022 · 6.50
Debt to equity
0.03▼
2022 · 0.18
ROE
-2.6%▼
2022 · 13.8%
ROA
-2.5%▼
2022 · 11.8%
Interest coverage
38.58▼
2022 · 87.61
Debt ≤ 1 year
€3,652▼
2022 · €20,078
Income taxes
€1,652▼
2022 · €5,425
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €345 | €867 | €1,883 | €2,190 | €2,032 | €6,342 | ▲ 212% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €31,695 | - | - | - |
| Other operating charges640/8 | - | - | - | €699 | €450 | €1,354 | ▲ 201% |
| Non-recurring operating charges66A | - | - | - | €203 | - | €1,806 | - |
| Gross operating margin9900 | €37,509 | €31,714 | €28,879 | €32,896 | €23,893 | €8,444 | ▼ 64.7% |
| Operating profit (loss)9901 | €36,593 | €30,402 | €26,648 | -€1,890 | €21,411 | -€1,057 | - |
| Financial charges65/66B | - | - | - | €21,305 | €268 | €137 | ▼ 48.8% |
| Recurring financial charges65 | €141 | €198 | €124 | €21,305 | €268 | €137 | ▼ 48.8% |
| Profit (loss) for the period before taxes9903 | €36,452 | €30,204 | €26,524 | -€23,195 | €21,144 | -€1,194 | - |
| Income taxes67/77 | €10,204 | €6,298 | €6,550 | €6,083 | €5,425 | €1,652 | ▼ 69.5% |
| Profit (loss) for the period9904 | €26,247 | €23,906 | €19,973 | -€29,277 | €15,719 | -€2,846 | - |
| Profit (loss) for the period to be appropriated9905 | €26,247 | €23,906 | €19,973 | -€29,277 | €15,719 | -€2,846 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €141,692 | €142,168 | €161,012 | €130,854 | €133,633 | €114,360 | ▼ 14.4% |
| Fixed assets21/28 | €849 | €6,638 | €6,287 | €5,118 | €3,086 | €21,574 | ▲ 599% |
| Tangible fixed assets22/27 | €849 | €2,588 | €6,187 | €5,118 | €3,086 | €21,574 | ▲ 599% |
| Furniture and vehicles24 | - | - | - | €5,118 | €3,086 | €21,574 | ▲ 599% |
| Financial fixed assets28 | - | €4,050 | €100 | - | - | - | - |
| Current assets29/58 | €140,843 | €135,530 | €154,725 | €125,736 | €130,547 | €92,786 | ▼ 28.9% |
| Amounts receivable within one year40/41 | €46,300 | €50,144 | €31,609 | €2,417 | €3,333 | €17,291 | ▲ 419% |
| Trade receivables40 | - | - | - | - | - | €144 | - |
| Other amounts receivable41 | - | - | - | €2,417 | €3,333 | €17,148 | ▲ 414% |
| Cash at bank and in hand54/58 | €94,412 | €85,216 | €123,117 | €123,319 | €127,213 | €75,495 | ▼ 40.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €141,692 | €142,168 | €161,012 | €130,854 | €133,633 | €114,360 | ▼ 14.4% |
| Equity10/15 | €83,234 | €107,140 | €127,113 | €97,836 | €113,555 | €110,708 | ▼ 2.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,919 | €21,919 | €21,919 | €21,919 | €21,919 | €21,919 | = |
| Non-distributable reserves130/1 | - | - | - | €1,919 | €1,919 | €1,919 | = |
| Reserves not available under the articles1311 | - | - | - | €1,919 | €1,919 | €1,919 | = |
| Distributable reserves133 | - | - | - | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €42,715 | €66,620 | €86,594 | €57,316 | €73,035 | €70,189 | ▼ 3.9% |
| Amounts payable17/49 | €58,458 | €35,028 | €33,899 | €33,019 | €20,078 | €3,652 | ▼ 81.8% |
| Amounts payable within one year42/48 | €58,458 | €35,028 | €33,899 | €33,019 | €20,078 | €3,652 | ▼ 81.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,500 | - | - | - |
| Trade debts44 | €291 | €1,608 | €736 | €586 | €190 | €2,205 | ▲ 12× |
| Suppliers440/4 | - | - | - | €586 | €190 | €2,205 | ▲ 12× |
| Taxes, remuneration and social security45 | - | - | - | €7,062 | €2,174 | €1,447 | ▼ 33.4% |
| Taxes450/3 | - | - | - | €7,062 | €2,174 | €1,447 | ▼ 33.4% |
| Other amounts payable47/48 | - | - | - | €16,870 | €17,715 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,247 | €23,906 | €19,973 | -€29,277 | €15,719 | -€2,846 | - |
| + Depreciation and write-downs630 | €345 | €867 | €1,883 | €2,190 | €2,032 | €6,342 | ▲ 212% |
| Operating cash flow (approximation) | €26,593 | €24,773 | €21,856 | -€27,088 | €17,751 | €3,496 | ▼ 80.3% |
| Investment in fixed assets (approximation) | - | -€6,656 | -€1,531 | -€1,021 | €0 | -€24,830 | - |
| Change in cash | - | -€9,196 | €37,901 | €202 | €3,894 | -€51,719 | - |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 20-06-2024 | 2024-00145238 |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00170232 |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20086477 |
| 31-12-2020 | micro format | 16-07-2021 | 2021-38100067 |
| 31-12-2019 | micro format | 24-06-2020 | 2020-20300540 |
| 31-12-2018 | micro format | 27-06-2019 | 2019-24500266 |
| 31-12-2017 | micro format | 27-06-2018 | 2018-25700259 |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29600467 |
| 31-12-2015 | abbreviated format | 01-07-2016 | 2016-25800357 |
| 31-12-2014 | abbreviated format | 20-08-2015 | 2015-45000287 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.