SOFITHUIN
Open bankruptcyFinancials · financial year 2022, micro format
Equity
€40,863▼ 15.4%
2021 · €48,310
Total assets
€118,850▼ 5.7%
2021 · €126,031
Net result
-€7,447
2021 · €3,455
Working capital
€26,628▼ 22.6%
2021 · €34,424
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result falls in 2022; 2022 is 28% below 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€27,750
2022
Net result-€7,447
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€118,850
2022
Equity€40,863
2022
Debt€77,987
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€26,628
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€37,810-€21,058▼ 44.3%€4,808▼ 77.2%€38,684▲ 705%€27,750▼ 28.3%
Net result€18,590-€10,528▼ 43.4%-€6,675€3,455-€7,447
Equity€41,002-€51,530▲ 25.7%€44,855▼ 13.0%€48,310▲ 7.7%€40,863▼ 15.4%
Total assets€128,223-€130,394▲ 1.7%€120,279▼ 7.8%€126,031▲ 4.8%€118,850▼ 5.7%
Debt€87,221-€78,864▼ 9.6%€75,424▼ 4.4%€77,721▲ 3.0%€77,987▲ 0.3%
Working capital€39,707-€51,670▲ 30.1%€46,327▼ 10.3%€34,424▼ 25.7%€26,628▼ 22.6%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €118,850
Fixed assets
€22,941 ▼ 18.9%
Current assets
€95,909 ▼ 1.9%
Equity and liabilities €118,850
Equity
€40,863 ▼ 15.4%
Debt
€77,987 ▲ 0.3%
Debt's share of the balance-sheet total rises from 61.7% to 65.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€33,110▼
2021 · €38,816
Cash flow
-€2,087▼
2021 · €3,587
Current ratio
1.38▼
2021 · 1.54
Debt to equity
1.91▲
2021 · 1.61
ROE
-18.2%▼
2021 · 7.2%
ROA
-6.3%▼
2021 · 2.7%
Interest coverage
75.94▲
2021 · 17.44
Debt ≤ 1 year
€69,281▲
2021 · €63,306
Debt > 1 year
€8,706▼
2021 · €14,415
Income taxes
€34,761▲
2021 · €33,003
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | -€2,441 | €4,361 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,572 | €7,839 | €7,838 | €132 | €5,360 | ▲ 3,961% |
| Other operating charges640/8 | €1,010 | €315 | €750 | €985 | €868 | ▼ 11.9% |
| Non-recurring operating charges66A | €1,698 | - | - | - | - | - |
| Gross operating margin9900 | €42,649 | €33,573 | €13,396 | €39,801 | €33,978 | ▼ 14.6% |
| Operating profit (loss)9901 | €37,810 | €21,058 | €4,808 | €38,684 | €27,750 | ▼ 28.3% |
| Financial charges65/66B | €8,325 | €5,272 | €4,979 | €2,226 | €436 | ▼ 80.4% |
| Recurring financial charges65 | €8,325 | €5,272 | €4,979 | €2,226 | €436 | ▼ 80.4% |
| Profit (loss) for the period before taxes9903 | €29,485 | €15,786 | -€171 | €36,458 | €27,314 | ▼ 25.1% |
| Income taxes67/77 | €10,895 | €5,258 | €6,504 | €33,003 | €34,761 | ▲ 5.3% |
| Profit (loss) for the period9904 | €18,590 | €10,528 | -€6,675 | €3,455 | -€7,447 | ▼ 316% |
| Profit (loss) for the period to be appropriated9905 | €18,590 | €10,528 | -€6,675 | €3,455 | -€7,447 | ▼ 316% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,223 | €130,394 | €120,279 | €126,031 | €118,850 | ▼ 5.7% |
| Fixed assets21/28 | €34,620 | €26,781 | €18,943 | €28,301 | €22,941 | ▼ 18.9% |
| Tangible fixed assets22/27 | €34,620 | €26,781 | €18,943 | €26,668 | €21,308 | ▼ 20.1% |
| Furniture and vehicles24 | €34,620 | €26,781 | €18,943 | €26,668 | €21,308 | ▼ 20.1% |
| Financial fixed assets28 | - | - | - | €1,633 | €1,633 | = |
| Current assets29/58 | €93,603 | €103,613 | €101,336 | €97,730 | €95,909 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €89,354 | €103,613 | €95,364 | €85,338 | €81,591 | ▼ 4.4% |
| Trade receivables40 | €56,132 | €78,000 | €73,000 | €78,000 | €78,000 | = |
| Other amounts receivable41 | €33,222 | €25,613 | €22,364 | €7,338 | €3,591 | ▼ 51.1% |
| Cash at bank and in hand54/58 | €3,548 | - | €5,852 | €12,392 | €14,318 | ▲ 15.5% |
| Deferred charges and accrued income490/1 | €701 | - | €120 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,223 | €130,394 | €120,279 | €126,031 | €118,850 | ▼ 5.7% |
| Equity10/15 | €41,002 | €51,530 | €44,855 | €48,310 | €40,863 | ▼ 15.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €32,942 | €43,470 | €36,795 | €40,250 | €32,803 | ▼ 18.5% |
| Amounts payable17/49 | €87,221 | €78,864 | €75,424 | €77,721 | €77,987 | ▲ 0.3% |
| Amounts payable after more than one year17 | €33,325 | €26,921 | €20,415 | €14,415 | €8,706 | ▼ 39.6% |
| Financial debts170/4 | €33,325 | €26,921 | €20,415 | €14,415 | €8,706 | ▼ 39.6% |
| Amounts payable within one year42/48 | €53,896 | €51,943 | €55,009 | €63,306 | €69,281 | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | €4,741 | €6,404 | €6,506 | €6,000 | €5,708 | ▼ 4.9% |
| Trade debts44 | €26,350 | €23,554 | €23,828 | €4,220 | €3,195 | ▼ 24.3% |
| Suppliers440/4 | €26,350 | €23,554 | €23,828 | €4,220 | €3,195 | ▼ 24.3% |
| Taxes, remuneration and social security45 | €8,457 | €7,637 | €10,327 | €33,738 | €41,030 | ▲ 21.6% |
| Taxes450/3 | €5,115 | €5,234 | €7,924 | €33,738 | €41,030 | ▲ 21.6% |
| Remuneration and social security454/9 | €3,342 | €2,403 | €2,403 | - | - | - |
| Other amounts payable47/48 | €14,348 | €14,348 | €14,348 | €19,348 | €19,348 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,590 | €10,528 | -€6,675 | €3,455 | -€7,447 | ▼ 316% |
| + Depreciation and write-downs630 | €4,572 | €7,839 | €7,838 | €132 | €5,360 | ▲ 3,961% |
| Operating cash flow (approximation) | €23,162 | €18,367 | €1,163 | €3,587 | -€2,087 | ▼ 158% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€9,490 | €0 | ▲ 100% |
| Change in cash | - | - | - | €6,540 | €1,926 | ▼ 70.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: not fully processed yet. The notices from April 2019 to September 2026 are still being read.