SOLUMAT
BankruptcyFinancials · financial year 2022, abbreviated format
2022 annual accounts filed late (184 days) Filed on 31 January 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00020202.
Equity
-€606,579
Total assets
€679,207
Net result
-€17,103
Working capital
-€69,575
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
Assets €679,207
Fixed assets
€50
Current assets
€679,157
Equity and liabilities
Equity-€606,579
Debt€1.3m
Equity is negative: debt (€1.3m) exceeds the balance-sheet total (€679,207).
Key figures and ratios
EBITDA
-€1
Cash flow
-€480
Solvency
-89.3%
Current ratio
0.91
ROA
-2.5%
Interest coverage
0.00
Debt
€1.3m
Debt ≤ 1 year
€748,732
Debt > 1 year
€537,054
Staff costs
€186,305
No debt to equity: equity is negative, so debt divided by equity means nothing.
Annual accounts
| Line | 2022 |
|---|---|
| Non-recurring operating income76A | €87,818 |
| Remuneration, social security and pensions62 | €186,305 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,623 |
| Other operating charges640/8 | €458 |
| Gross operating margin9900 | €186,762 |
| Operating profit (loss)9901 | -€16,624 |
| Financial income75/76B | €2 |
| Recurring financial income75 | €2 |
| Financial charges65/66B | €481 |
| Recurring financial charges65 | €481 |
| Profit (loss) for the period before taxes9903 | -€17,103 |
| Profit (loss) for the period9904 | -€17,103 |
| Profit (loss) for the period to be appropriated9905 | -€17,103 |
| Line | 2022 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €0.7m | |
| Fixed assets21/28 | €50 | |
| Financial fixed assets28 | €50 | |
| Current assets29/58 | €0.7m | |
| Amounts receivable within one year40/41 | €0.7m | |
| Trade receivables40 | €0.7m | |
| Other amounts receivable41 | €0.002m | |
| Cash at bank and in hand54/58 | €0.001m | |
| Deferred charges and accrued income490/1 | €0.009m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €0.7m | |
| Equity10/15 | -€0.6m | |
| Profit (loss) carried forward14 | -€0.6m | |
| Amounts payable17/49 | €1.3m | |
| Amounts payable after more than one year17 | €0.5m | |
| Financial debts170/4 | €0.1m | |
| Other amounts payable178/9 | €0.4m | |
| Amounts payable within one year42/48 | €0.7m | |
| Trade debts44 | €0.2m | |
| Suppliers440/4 | €0.2m | |
| Advances received on contracts in progress46 | €0.4m | |
| Taxes, remuneration and social security45 | €0.2m | |
| Taxes450/3 | €0.03m | |
| Remuneration and social security454/9 | €0.2m | |
| Line | 2022 |
|---|---|
| Profit (loss) for the period9904 | -€17,103 |
| + Depreciation and write-downs630 | €16,623 |
| Operating cash flow (approximation) | -€480 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 31-01-2024 | 2024-00020202 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.