SOTIMO
Dissolution or liquidationFinancials · financial year 2022, micro format
2022 annual accounts filed late (21 days) Filed on 21 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00337320.
Equity
€123,162▲ 87.5%
2021 · €65,675
Total assets
€173,027▲ 93.0%
2021 · €89,670
Net result
€57,487▲ 9.0%
2021 · €52,750
Working capital
-€13,887
2021 · €50,997
Trend over the years
2020 to 2022, 3 financial years
The operating result has risen two years in a row; 2022 is 28% above 2021 and is 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.
Operating result€83,967
2022
Net result€57,487
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€173,027
2022
Equity€123,162
2022
Debt€49,865
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€13,887
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
Line202020212022
Operating result€14,871-€65,460▲ 340%€83,967▲ 28.3%
Net result€11,924-€52,750▲ 342%€57,487▲ 9.0%
Equity€12,924-€65,675▲ 408%€123,162▲ 87.5%
Total assets€33,893-€89,670▲ 165%€173,027▲ 93.0%
Debt€20,968-€23,995▲ 14.4%€49,865▲ 108%
Working capital-€91-€50,997-€13,887
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 €173,027
Fixed assets
€137,049 ▲ 834%
Current assets
€35,978 ▼ 52.0%
Equity and liabilities €173,027
Equity
€123,162 ▲ 87.5%
Debt
€49,865 ▲ 108%
Debt's share of the balance-sheet total rises from 26.8% to 28.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€116,934▲
2021 · €69,258
Cash flow
€90,454▲
2021 · €56,548
Current ratio
0.72▼
2021 · 3.13
Quick ratio
0.65▼
2021 · 3.13
Debt to equity
0.40▲
2021 · 0.37
ROE
46.7%▼
2021 · 80.3%
ROA
33.2%▼
2021 · 58.8%
Interest coverage
18.41▼
2021 · over 100
Debt ≤ 1 year
€49,865▲
2021 · €23,995
Income taxes
€20,128▲
2021 · €14,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €670 | €3,798 | €32,967 | ▲ 768% |
| Other operating charges640/8 | - | €1,147 | €1,835 | ▲ 60.0% |
| Gross operating margin9900 | €15,541 | €70,404 | €118,768 | ▲ 68.7% |
| Operating profit (loss)9901 | €14,871 | €65,460 | €83,967 | ▲ 28.3% |
| Financial income75/76B | - | €1,353 | - | - |
| Recurring financial income75 | - | €1,353 | - | - |
| Financial charges65/66B | - | €37 | €6,352 | ▲ 17,030% |
| Recurring financial charges65 | €14 | €37 | €6,352 | ▲ 17,030% |
| Profit (loss) for the period before taxes9903 | €14,857 | €66,776 | €77,615 | ▲ 16.2% |
| Income taxes67/77 | €2,932 | €14,026 | €20,128 | ▲ 43.5% |
| Profit (loss) for the period9904 | €11,924 | €52,750 | €57,487 | ▲ 9.0% |
| Profit (loss) for the period to be appropriated9905 | €11,924 | €52,750 | €57,487 | ▲ 9.0% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €33,893 | €89,670 | €173,027 | ▲ 93.0% |
| Fixed assets21/28 | €13,015 | €14,677 | €137,049 | ▲ 834% |
| Tangible fixed assets22/27 | €13,015 | €14,677 | €134,856 | ▲ 819% |
| Plant, machinery and equipment23 | - | €2,295 | €101,712 | ▲ 4,332% |
| Furniture and vehicles24 | - | €12,382 | €22,655 | ▲ 83.0% |
| Other tangible fixed assets26 | - | - | €10,489 | - |
| Financial fixed assets28 | - | - | €2,193 | - |
| Current assets29/58 | €20,878 | €74,993 | €35,978 | ▼ 52.0% |
| Stocks and contracts in progress3 | - | - | €3,500 | - |
| Stocks30/36 | - | - | €3,500 | - |
| Amounts receivable within one year40/41 | €20,786 | €73,704 | €28,610 | ▼ 61.2% |
| Trade receivables40 | - | €10,199 | €15,946 | ▲ 56.3% |
| Other amounts receivable41 | - | €63,504 | €12,665 | ▼ 80.1% |
| Cash at bank and in hand54/58 | €92 | €874 | €1,499 | ▲ 71.4% |
| Deferred charges and accrued income490/1 | - | €415 | €2,369 | ▲ 471% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €33,893 | €89,670 | €173,027 | ▲ 93.0% |
| Equity10/15 | €12,924 | €65,675 | €123,162 | ▲ 87.5% |
| Contributions10/11 | - | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €11,924 | €64,675 | €122,162 | ▲ 88.9% |
| Amounts payable17/49 | €20,968 | €23,995 | €49,865 | ▲ 108% |
| Amounts payable within one year42/48 | €20,968 | €23,995 | €49,865 | ▲ 108% |
| Trade debts44 | €10,789 | €2,775 | €2,196 | ▼ 20.9% |
| Suppliers440/4 | - | €2,775 | €1,036 | ▼ 62.7% |
| Bills of exchange payable441 | - | - | €1,160 | - |
| Advances received on contracts in progress46 | - | €780 | €3,513 | ▲ 350% |
| Taxes, remuneration and social security45 | - | €20,440 | €34,153 | ▲ 67.1% |
| Taxes450/3 | - | €20,440 | €34,153 | ▲ 67.1% |
| Other amounts payable47/48 | - | - | €10,003 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,924 | €52,750 | €57,487 | ▲ 9.0% |
| + Depreciation and write-downs630 | €670 | €3,798 | €32,967 | ▲ 768% |
| Operating cash flow (approximation) | €12,594 | €56,548 | €90,454 | ▲ 60.0% |
| Investment in fixed assets (approximation) | - | -€5,460 | -€155,338 | ▼ 2,745% |
| Change in cash | - | €783 | €625 | ▼ 20.2% |
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 (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 21-08-2023 | 2023-00337320 |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20277813 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59100114 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.