SOFTWARE DEVELOPMENTS
InactiveFinancials · financial year 2022, abbreviated format
2022 annual accounts filed late (25 days) Filed on 25 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00363931.
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.1m▼ 82.0%
2020 · €6.2m
EBIT margin
-1.5%▲ 0.5pp
2020 · -2.0%
Net result
€103,914▲ 293×
2021 · €354
Working capital
€1.0m▲ 9.4%
2021 · €954,261
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result returns to profit in 2022: €362,013 after a loss of €16,825 in 2021, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€1.1m
2021
Operating result€0.4m
2022
Net result€0.1m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.1m
2022
Equity€1.0m
2022
Debt€0.03m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.0m
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-1.5%
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)30.3
2021
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
Turnover€6.5m-€6.7m▲ 2.3%€6.2m▼ 8.0%€1.1m▼ 82.0%
Operating result€0.09m-€0.09m▲ 3.6%-€0.1m-€0.02m▲ 86.3%€0.4m
Net result€0.02m-€0.02m▼ 1.8%-€0.1m€354€0.1m▲ 293×
EBIT margin1.4%-1.4%=-2.0%▼ 3.4pp-1.5%▲ 0.5pp
Equity€1.1m-€1.1m▲ 2.3%€0.9m▼ 13.3%€0.9m=€1.0m▲ 11.1%
Total assets€3.2m-€2.9m▼ 8.4%€2.8m▼ 3.7%€1.0m▼ 65.3%€1.1m▲ 10.7%
Debt€2.1m-€1.8m▼ 13.8%€1.8m▲ 2.0%€0.03m▼ 98.6%€0.03m▼ 0.2%
Working capital€0.6m-€0.8m▲ 39.7%€0.8m▼ 3.4%€1.0m▲ 22.1%€1.0m▲ 9.4%
Staff (FTE)28.8-30.2▲ 4.9%32.7▲ 8.3%30.3▼ 7.3%
Why a figure moved sharply
- 2022 Net result +29,237% on 2021. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.1m
Fixed assets
€475 ▼ 56.6%
Current assets
€1.1m ▲ 10.8%
Equity and liabilities €1.1m
Equity
€1.0m ▲ 11.1%
Debt
€26,091 ▼ 0.2%
Debt's share of the balance-sheet total falls from 2.7% to 2.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€362,632▲
2021 · €3,397
Cash flow
€104,533▲
2021 · €20,575
Current ratio
41.01▼
2021 · 86.59
Debt to equity
0.02▼
2021 · 0.03
ROE
10.0%▲
2021 · 0.0%
ROA
9.7%▲
2021 · 0.0%
Interest coverage
over 100▲
2021 · 0.34
Debt ≤ 1 year
€26,091▲
2021 · €11,149
Income taxes
€20,546▲
2021 · €590
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 | - | - | - | €1.1m | - | - |
| Turnover70 | €6.5m | €6.7m | €6.2m | €1.1m | - | - |
| Other operating income74 | - | - | - | €0.02m | - | - |
| Non-recurring operating income76A | - | - | - | €4 | - | - |
| Operating charges60/66A | - | - | - | €1.1m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.4m | - | - |
| Purchases600/8 | - | - | - | €0.4m | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | €0.06m | - | - |
| Services and other goods61 | - | - | - | €0.2m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.02m | €0.001m | ▼ 96.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.06m | -€0.006m | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.001m | ▼ 99.4% |
| Non-recurring operating charges66A | - | - | - | €0.001m | - | - |
| Gross operating margin9900 | - | - | - | - | €0.4m | - |
| Operating profit (loss)9901 | €0.09m | €0.09m | -€0.1m | -€0.02m | €0.4m | - |
| Financial income75/76B | - | - | - | €0.03m | €0.01m | ▼ 56.9% |
| Recurring financial income75 | €0.01m | €0.005m | €0.01m | €0.03m | €0.01m | ▼ 56.9% |
| Income from current assets751 | - | - | - | €0.007m | - | - |
| Other financial income752/9 | - | - | - | €0.02m | - | - |
| Financial charges65/66B | - | - | - | €0.01m | €0.3m | ▲ 22× |
| Recurring financial charges65 | €0.03m | €0.03m | €0.03m | €0.01m | €172 | ▼ 98.5% |
| Debt charges650 | €0.03m | €0.03m | €0.03m | €0.01m | - | - |
| Other financial charges652/9 | - | - | - | €0.002m | - | - |
| Non-recurring financial charges66B | - | - | - | - | €0.3m | - |
| Profit (loss) for the period before taxes9903 | €0.07m | €0.07m | -€0.1m | €0.001m | €0.1m | ▲ 132× |
| Income taxes67/77 | €0.04m | €0.05m | €0.007m | €0.001m | €0.02m | ▲ 35× |
| Taxes670/3 | - | - | - | €0.001m | - | - |
| Profit (loss) for the period9904 | €0.02m | €0.02m | -€0.1m | €354 | €0.1m | ▲ 293× |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.02m | -€0.1m | €354 | €0.1m | ▲ 293× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €2.9m | €2.8m | €1.0m | €1.1m | ▲ 10.7% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €1.1m | €0.5m | €0.3m | €0.001m | €475 | ▼ 56.6% |
| Intangible fixed assets21 | €0.6m | €0.5m | €0.3m | €0 | - | - |
| Tangible fixed assets22/27 | €0.05m | €0.04m | €0.05m | €0.001m | €225 | ▼ 73.4% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €160 | ▼ 74.4% |
| Furniture and vehicles24 | - | - | - | €220 | €65 | ▼ 70.5% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €0.5m | €251 | €251 | €251 | €250 | ▼ 0.4% |
| Affiliated companies280/1 | - | - | - | €1 | - | - |
| Participating interests280 | - | - | - | €1 | - | - |
| Other financial fixed assets284/8 | - | - | - | €250 | - | - |
| Shares284 | - | - | - | €250 | - | - |
| Current assets29/58 | €2.0m | €2.4m | €2.4m | €1.0m | €1.1m | ▲ 10.8% |
| Amounts receivable after more than one year29 | - | - | - | €0.8m | €1.0m | ▲ 26.9% |
| Other amounts receivable291 | - | - | - | €0.8m | €1.0m | ▲ 26.9% |
| Stocks and contracts in progress3 | €0.06m | €0.06m | €0.06m | €0 | - | - |
| Stocks30/36 | - | - | - | €0 | - | - |
| Goods purchased for resale34 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €1.4m | €1.1m | €1.2m | €0.05m | €0.002m | ▼ 95.2% |
| Trade receivables40 | - | - | - | €0.01m | €0.001m | ▼ 93.1% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.001m | ▼ 95.9% |
| Cash at bank and in hand54/58 | €0.6m | €0.6m | €0.7m | €0.1m | €0.05m | ▼ 55.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €2.9m | €2.8m | €1.0m | €1.1m | ▲ 10.7% |
| Equity10/15 | €1.1m | €1.1m | €0.9m | €0.9m | €1.0m | ▲ 11.1% |
| Contributions10/11 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Capital10 | - | - | - | €0.8m | €0.8m | = |
| Issued capital100 | - | - | - | €0.8m | €0.8m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 26.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | ▲ 11.5% |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | ▲ 11.5% |
| Tax-exempt reserves132 | - | - | - | €0.003m | €0.003m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | ▲ 29.5% |
| Profit (loss) carried forward14 | €0.07m | €0.09m | -€0.05m | -€0.05m | - | - |
| Amounts payable17/49 | €2.1m | €1.8m | €1.8m | €0.03m | €0.03m | ▼ 0.2% |
| Amounts payable after more than one year17 | €0.5m | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.5m | €1.6m | €1.7m | €0.01m | €0.03m | ▲ 134% |
| Financial debts43 | - | - | - | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - |
| Trade debts44 | €0.7m | €0.8m | €0.9m | €0.001m | €0.001m | ▲ 11.4% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | ▲ 11.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.02m | ▲ 35× |
| Taxes450/3 | - | - | - | €0.001m | €0.02m | ▲ 35× |
| Remuneration and social security454/9 | - | - | - | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0.009m | €0.004m | ▼ 55.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,565 | €24,116 | -€144,284 | €354 | €103,914 | ▲ 293× |
| + Depreciation and write-downs630 | €191,246 | €188,020 | €187,859 | €20,221 | €619 | ▼ 96.9% |
| Operating cash flow (approximation) | €215,811 | €212,136 | €43,575 | €20,575 | €104,533 | ▲ 408% |
| Investment in fixed assets (approximation) | - | €448,967 | -€47,067 | €324,256 | €1 | ▼ 100.0% |
| Change in cash | - | €43,979 | €92,078 | -€600,184 | -€64,267 | ▲ 89.3% |
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 39 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 25-08-2023 | 2023-00363931 |
| 31-12-2021 | full format | 31-08-2022 | 2022-20405024 |
| 31-12-2020 | full format | 31-08-2021 | 2021-65500233 |
| 31-12-2019 | full format | 29-06-2020 | 2020-24800129 |
| 31-12-2018 | full format | 03-07-2019 | 2019-29600464 |
| 31-12-2017 | full format | 03-07-2018 | 2018-29300229 |
| 31-12-2016 | full format | 04-07-2017 | 2017-28300202 |
| 31-12-2015 | full format | 05-07-2016 | 2016-27800528 |
| 31-12-2014 | full format | 15-07-2015 | 2015-31000097 |
| 31-12-2013 | full format | 27-06-2014 | 2014-24900014 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.