SOFICOR
InactiveFinancials · fiscal year 2022, full schema
Turnover
€378,000▼ 24.1%
2021 · €498,000
EBIT margin
-34.8%▼ 36.5pp
2021 · 1.7%
Net result
-€132,495
2021 · €3,190
Working capital
€143,501▼ 47.2%
2021 · €271,657
Trend over the years
2018 to 2022, 5 fiscal years 2018 to 2022, 5 fiscal years
The operating result turns negative in 2022: a loss of €131,371 after €8,467 in 2021, the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€378,000
2022
Operating result-€131,371
2022
Net result-€132,495
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€418,730
2022
Equity€139,162
2022
Debt€275,289
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€143,501
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-34.8%
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2022
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€396,751-€515,000▲ 29.8%€474,000▼ 8.0%€498,000▲ 5.1%€378,000▼ 24.1%
Operating result€6,872-€7,610▲ 10.7%€7,468▼ 1.9%€8,467▲ 13.4%-€131,371
Net result€513-€974▲ 89.8%€1,404▲ 44.1%€3,190▲ 127%-€132,495
EBIT margin1.7%-1.5%▼ 0.3pp1.6%▲ 0.1pp1.7%▲ 0.1pp-34.8%▼ 36.5pp
Equity€266,089-€267,064▲ 0.4%€268,467▲ 0.5%€271,657▲ 1.2%€139,162▼ 48.8%
Total assets€345,672-€434,512▲ 25.7%€429,216▼ 1.2%€480,556▲ 12.0%€418,730▼ 12.9%
Debt€79,583-€167,448▲ 110%€160,748▼ 4.0%€208,899▲ 30.0%€275,289▲ 31.8%
Working capital€266,089-€267,064▲ 0.4%€268,467▲ 0.5%€271,657▲ 1.2%€143,501▼ 47.2%
Staff (FTE)1.8-2▲ 11.1%2=1▼ 50.0%1=
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €418,730
Equity
€139,162 ▼ 48.8%
Provisions
€4,279
Debt
€275,289 ▲ 31.8%
Debt's share of the balance-sheet total rises from 43.5% to 65.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.52▼
2021 · 2.30
Debt to equity
1.98▲
2021 · 0.77
ROE
-95.2%▼
2021 · 1.2%
ROA
-31.6%▼
2021 · 0.7%
Debt ≤ 1 year
€275,228▲
2021 · €208,899
Income taxes
€393▼
2021 · €4,189
Staff costs
€469,239▲
2021 · €468,804
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 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €502,206 | €382,435 | ▼ 23.8% |
| Turnover70 | €396,751 | €515,000 | €474,000 | €498,000 | €378,000 | ▼ 24.1% |
| Other operating income74 | - | - | - | €4,206 | €4,435 | ▲ 5.4% |
| Operating charges60/66A | - | - | - | €493,740 | €513,805 | ▲ 4.1% |
| Services and other goods61 | - | - | - | €23,890 | €39,438 | ▲ 65.1% |
| Remuneration, social security and pensions62 | - | - | - | €468,804 | €469,239 | ▲ 0.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €4,279 | - |
| Other operating charges640/8 | - | - | - | €1,045 | €849 | ▼ 18.8% |
| Operating profit (loss)9901 | €6,872 | €7,610 | €7,468 | €8,467 | -€131,371 | ▼ 1,652% |
| Recurring financial income75 | €3 | - | €22 | - | - | - |
| Financial charges65/66B | - | - | - | €1,088 | €731 | ▼ 32.8% |
| Recurring financial charges65 | €1,191 | €1,654 | €1,808 | €1,088 | €731 | ▼ 32.8% |
| Debt charges650 | €1,191 | €1,654 | €1,808 | €1,088 | €731 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €5,684 | €5,956 | €5,682 | €7,379 | -€132,101 | ▼ 1,890% |
| Income taxes67/77 | €5,171 | €4,982 | €4,278 | €4,189 | €393 | ▼ 90.6% |
| Taxes670/3 | - | - | - | €4,488 | €393 | ▼ 91.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €298 | - | - |
| Profit (loss) for the period9904 | €513 | €974 | €1,404 | €3,190 | -€132,495 | ▼ 4,254% |
| Profit (loss) for the period to be appropriated9905 | €513 | €974 | €1,404 | €3,190 | -€132,495 | ▼ 4,254% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €345,672 | €434,512 | €429,216 | €480,556 | €418,730 | ▼ 12.9% |
| Current assets29/58 | €345,672 | €434,512 | €429,216 | €480,556 | €418,730 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €111,399 | €240,171 | €123,420 | €215,623 | €132,407 | ▼ 38.6% |
| Trade receivables40 | - | - | - | €214,803 | €123,980 | ▼ 42.3% |
| Other amounts receivable41 | - | - | - | €820 | €8,427 | ▲ 927% |
| Cash at bank and in hand54/58 | €234,273 | €194,341 | €305,796 | €264,932 | €286,323 | ▲ 8.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €345,672 | €434,512 | €429,216 | €480,556 | €418,730 | ▼ 12.9% |
| Equity10/15 | €266,089 | €267,064 | €268,467 | €271,657 | €139,162 | ▼ 48.8% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | - | - | - | €124,000 | €124,000 | = |
| Issued capital100 | - | - | - | €124,000 | €124,000 | = |
| Reserves13 | €8,475 | €8,524 | €8,594 | €8,754 | €8,754 | = |
| Non-distributable reserves130/1 | - | - | - | €8,754 | €8,754 | = |
| Legal reserve130 | - | - | - | €8,754 | €8,754 | = |
| Profit (loss) carried forward14 | €133,614 | €134,540 | €135,873 | €138,903 | €6,408 | ▼ 95.4% |
| Provisions and deferred taxes16 | - | - | - | - | €4,279 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €4,279 | - |
| Other liabilities and charges164/5 | - | - | - | - | €4,279 | - |
| Amounts payable17/49 | €79,583 | €167,448 | €160,748 | €208,899 | €275,289 | ▲ 31.8% |
| Amounts payable within one year42/48 | €79,583 | €167,448 | €160,748 | €208,899 | €275,228 | ▲ 31.8% |
| Trade debts44 | €1,638 | €1,697 | €2,103 | €308 | €112,972 | ▲ 36,595% |
| Suppliers440/4 | - | - | - | €308 | €112,972 | ▲ 36,595% |
| Taxes, remuneration and social security45 | - | - | - | €208,591 | €162,256 | ▼ 22.2% |
| Taxes450/3 | - | - | - | €34,441 | €1,206 | ▼ 96.5% |
| Remuneration and social security454/9 | - | - | - | €174,150 | €161,051 | ▼ 7.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €60 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €513 | €974 | €1,404 | €3,190 | -€132,495 | ▼ 4,254% |
| Operating cash flow (approximation) | €513 | €974 | €1,404 | €3,190 | -€132,495 | ▼ 4,254% |
| Change in cash | - | -€39,932 | €111,455 | -€40,863 | €21,390 | ▲ 152% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.