SOLID WONEN
InactiveFrom the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2022, abbreviated format
2022 annual accounts filed late (176 days) Filed on 26 July 2023, deadline 31 January 2023 (7 months after the close on 30 June 2022, Companies Code art. 3:10). Source: NBB, 2023-00272846.
Latest annual accounts filed
Annual accounts 2022
- Financial year ended
- 30-06-2022
- Filed on
- 26-07-2023
- Format
- abbreviated format
- Reference
- 2023-00272846
Turnover
≈ €91,000
Estimated: probably between €48,000 and €170,000
Total assets
€2.3m▼ 12.8%
2021 · €2.6m
Net result
€24,890▲ 15.2%
2021 · €21,598
Working capital
-€423,676▲ 5.5%
2021 · -€448,565
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result recovers in 2022; 2022 is 15% above 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.02m
2022
Net result€0.02m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.3m
2022
Equity-€0.4m
2022
Debt€2.7m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)0
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-€0.008m--€0.07m▼ 795%€0.1m€0.02m▼ 82.1%€0.02m▲ 14.7%
Net result-€0.05m--€0.07m▼ 44.0%€0.1m€0.02m▼ 82.2%€0.02m▲ 15.2%
Equity-€0.5m--€0.6m▼ 14.1%-€0.5m▲ 20.6%-€0.4m▲ 4.6%-€0.4m▲ 5.6%
Total assets€2.2m-€3.1m▲ 40.2%€2.0m▼ 35.6%€2.6m▲ 29.5%€2.3m▼ 12.8%
Debt€2.8m-€3.7m▲ 35.3%€2.5m▼ 33.2%€3.1m▲ 23.1%€2.7m▼ 11.7%
Working capital-€0.5m--€0.6m▼ 15.3%-€0.5m▲ 21.0%-€0.4m▲ 3.9%-€0.4m▲ 5.5%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.3m
Fixed assets
€2,768 =
Current assets
€2.3m ▼ 12.8%
Equity and liabilities
Equity-€420,908
Debt€2.7m
Equity is negative: debt (€2.7m) exceeds the balance-sheet total (€2.3m).
Key figures and ratios
EBITDA
€24,972▲
2021 · €22,034
Cash flow
€24,890▲
2021 · €21,859
Solvency
-18.4%▼
2021 · -17.0%
Current ratio
0.84▼
2021 · 0.85
Quick ratio
0.16▲
2021 · 0.15
ROA
1.1%▲
2021 · 0.8%
Interest coverage
over 100▲
2021 · 82.90
Debt ≤ 1 year
€2.7m▼
2021 · €3.1m
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,356 | €1,616 | €1,392 | €261 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €1,242 | €302 | ▼ 75.7% |
| Gross operating margin9900 | €48,771 | €68,848 | €124,226 | €23,276 | €25,274 | ▲ 8.6% |
| Operating profit (loss)9901 | -€7,731 | -€69,223 | €121,662 | €21,773 | €24,972 | ▲ 14.7% |
| Financial income75/76B | - | - | - | €91 | €42 | ▼ 53.7% |
| Recurring financial income75 | - | €44 | €137 | €91 | €42 | ▼ 53.7% |
| Financial charges65/66B | - | - | - | €266 | €125 | ▼ 53.1% |
| Recurring financial charges65 | €42,954 | €3,785 | €179 | €266 | €125 | ▼ 53.1% |
| Profit (loss) for the period before taxes9903 | -€50,684 | -€72,964 | €121,620 | €21,598 | €24,890 | ▲ 15.2% |
| Profit (loss) for the period9904 | -€50,684 | -€72,964 | €121,620 | €21,598 | €24,890 | ▲ 15.2% |
| Profit (loss) for the period to be appropriated9905 | -€50,684 | -€72,964 | €121,620 | €21,598 | €24,890 | ▲ 15.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €3.1m | €2.0m | €2.6m | €2.3m | ▼ 12.8% |
| Fixed assets21/28 | €0.004m | €0.006m | €0.003m | €0.003m | €0.003m | = |
| Tangible fixed assets22/27 | €0.002m | €0.002m | €261 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €0.001m | €0.004m | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €2.2m | €3.1m | €2.0m | €2.6m | €2.3m | ▼ 12.8% |
| Stocks and contracts in progress3 | €1.9m | €2.9m | €1.8m | €2.2m | €1.9m | ▼ 14.1% |
| Contracts in progress37 | - | - | - | €2.2m | €1.9m | ▼ 14.1% |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | €0.07m | €0.4m | €0.4m | ▼ 3.6% |
| Trade receivables40 | - | - | - | €0.4m | €0.4m | ▲ 11.2% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.008m | ▼ 87.8% |
| Cash at bank and in hand54/58 | €0.04m | €0.02m | €0.1m | €0.02m | €0.002m | ▼ 88.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €49 | ▼ 92.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €3.1m | €2.0m | €2.6m | €2.3m | ▼ 12.8% |
| Equity10/15 | -€0.5m | -€0.6m | -€0.5m | -€0.4m | -€0.4m | ▲ 5.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | = |
| Reserves13 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.6m | -€0.5m | -€0.5m | -€0.4m | ▲ 5.3% |
| Amounts payable17/49 | €2.8m | €3.7m | €2.5m | €3.1m | €2.7m | ▼ 11.7% |
| Amounts payable within one year42/48 | €2.7m | €3.7m | €2.5m | €3.1m | €2.7m | ▼ 11.7% |
| Trade debts44 | €0.2m | €0.3m | €0.02m | €0.7m | €0.4m | ▼ 37.7% |
| Suppliers440/4 | - | - | - | €0.7m | €0.4m | ▼ 37.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.03m | - |
| Taxes450/3 | - | - | - | - | €0.03m | - |
| Other amounts payable47/48 | - | - | - | €2.4m | €2.2m | ▼ 4.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€50,684 | -€72,964 | €121,620 | €21,598 | €24,890 | ▲ 15.2% |
| + Depreciation and write-downs630 | €1,356 | €1,616 | €1,392 | €261 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€49,329 | -€71,348 | €123,012 | €21,859 | €24,890 | ▲ 13.9% |
| Investment in fixed assets (approximation) | - | -€3,550 | €1,100 | €0 | €0 | - |
| Change in cash | - | -€21,481 | €95,311 | -€94,218 | -€14,644 | ▲ 84.5% |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2022 | abbreviated format | 26-07-2023 | 2023-00272846 | |
| 31-12-2021 | abbreviated format | 12-07-2022 | 2022-20175596 | |
| 31-12-2020 | abbreviated format | 27-07-2021 | 2021-40600564 | |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-36300519 | |
| 31-12-2018 | abbreviated format | 29-07-2019 | 2019-40200150 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-59200430 | |
| 31-12-2016 | abbreviated format | 29-06-2017 | 2017-24100012 | |
| 31-12-2015 | abbreviated format | 03-08-2016 | 2016-40200226 | |
| 31-12-2014 | abbreviated format | 25-08-2015 | 2015-47800009 | |
| 31-12-2013 | abbreviated format | 14-08-2014 | 2014-43400022 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.