STAFE
Open bankruptcyFinancials · financial year 2023, micro format
Turnover
≈ €270,000
Estimated: probably between €180,000 and €470,000
EBIT margin
Not included in this filing
Net result
€2,028
2022 · -€4,855
Working capital
€154,647▲ 25.3%
2022 · €123,442
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result falls in 2023; 2023 is 30% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€12,493
2023
Net result€2,028
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€687,015
2023
Equity€111,959
2023
Debt€575,056
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€154,647
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)3.7
2019
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€50,505-€82,927▲ 64.2%€13,427▼ 83.8%€3,144▼ 76.6%€17,946▲ 471%€12,493▼ 30.4%
Net result€10,215-€23,980▲ 135%€659▼ 97.3%-€7,843-€4,855▲ 38.1%€2,028
Equity€97,989-€121,970▲ 24.5%€122,629▲ 0.5%€114,786▼ 6.4%€109,931▼ 4.2%€111,959▲ 1.8%
Total assets€669,212-€592,852▼ 11.4%€412,422▼ 30.4%€494,946▲ 20.0%€685,266▲ 38.5%€687,015▲ 0.3%
Debt€571,222-€470,883▼ 17.6%€289,793▼ 38.5%€380,160▲ 31.2%€575,335▲ 51.3%€575,056=
Working capital€44,899-€109,783▲ 145%€109,169▼ 0.6%€82,353▼ 24.6%€123,442▲ 49.9%€154,647▲ 25.3%
Staff (FTE)6.5-3.7▼ 43.1%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €687,015
Fixed assets
€53,593 ▼ 55.6%
Current assets
€633,421 ▲ 12.2%
Equity and liabilities €687,015
Equity
€111,959 ▲ 1.8%
Debt
€575,056 =
Debt's share of the balance-sheet total falls from 84.0% to 83.7%. Equity is higher.
Key figures and ratios
EBITDA
€79,554▼
2022 · €84,796
Cash flow
€69,088▲
2022 · €61,996
Current ratio
1.32▲
2022 · 1.28
Debt to equity
5.14▼
2022 · 5.23
ROE
1.8%▲
2022 · -4.4%
ROA
0.3%▲
2022 · -0.7%
Interest coverage
32.09▲
2022 · 11.06
Debt ≤ 1 year
€478,774▲
2022 · €441,170
Debt > 1 year
€96,282▼
2022 · €134,164
Income taxes
€7,987▼
2022 · €9,500
Staff costs
€4,000
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,129 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | -€618 | - | €4,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,896 | €11,391 | €9,811 | €37,091 | €66,851 | €67,060 | ▲ 0.3% |
| Other operating charges640/8 | - | - | - | €10,936 | €9,580 | €3,694 | ▼ 61.4% |
| Non-recurring operating charges66A | - | - | - | €4,063 | €4,175 | €2,798 | ▼ 33.0% |
| Gross operating margin9900 | €272,891 | €187,726 | €37,326 | €54,616 | €98,552 | €90,046 | ▼ 8.6% |
| Operating profit (loss)9901 | €50,505 | €82,927 | €13,427 | €3,144 | €17,946 | €12,493 | ▼ 30.4% |
| Financial income75/76B | - | - | - | €3,023 | €420 | - | - |
| Recurring financial income75 | €0 | €0 | - | €3,023 | €420 | - | - |
| Financial charges65/66B | - | - | - | €3,415 | €13,721 | €2,479 | ▼ 81.9% |
| Recurring financial charges65 | €19,602 | €11,145 | €755 | €3,415 | €7,667 | €2,479 | ▼ 67.7% |
| Non-recurring financial charges66B | - | - | - | - | €6,055 | - | - |
| Profit (loss) for the period before taxes9903 | €30,903 | €40,772 | €12,127 | €2,752 | €4,645 | €10,015 | ▲ 116% |
| Income taxes67/77 | €20,689 | €16,791 | €11,467 | €10,595 | €9,500 | €7,987 | ▼ 15.9% |
| Profit (loss) for the period9904 | €10,215 | €23,980 | €659 | -€7,843 | -€4,855 | €2,028 | - |
| Profit (loss) for the period to be appropriated9905 | €10,215 | €23,980 | €659 | -€7,843 | -€4,855 | €2,028 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €669,212 | €592,852 | €412,422 | €494,946 | €685,266 | €687,015 | ▲ 0.3% |
| Fixed assets21/28 | €76,393 | €29,158 | €23,845 | €109,401 | €120,653 | €53,593 | ▼ 55.6% |
| Tangible fixed assets22/27 | €68,093 | €23,858 | €17,795 | €103,351 | €114,603 | €47,543 | ▼ 58.5% |
| Plant, machinery and equipment23 | - | - | - | €295 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €95,250 | €113,281 | €46,650 | ▼ 58.8% |
| Leasing and similar rights25 | - | - | - | €6,055 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €1,751 | €1,323 | €894 | ▼ 32.4% |
| Financial fixed assets28 | €8,300 | €5,300 | €6,050 | €6,050 | €6,050 | €6,050 | = |
| Current assets29/58 | €592,819 | €563,694 | €388,577 | €385,545 | €564,612 | €633,421 | ▲ 12.2% |
| Amounts receivable within one year40/41 | €531,591 | €446,275 | €356,531 | €384,628 | €561,556 | €538,181 | ▼ 4.2% |
| Trade receivables40 | - | - | - | €350,817 | €497,127 | €455,581 | ▼ 8.4% |
| Other amounts receivable41 | - | - | - | €33,810 | €64,429 | €82,601 | ▲ 28.2% |
| Cash at bank and in hand54/58 | €61,228 | €117,419 | €32,046 | €917 | €3,056 | €95,240 | ▲ 31× |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €669,212 | €592,852 | €412,422 | €494,946 | €685,266 | €687,015 | ▲ 0.3% |
| Equity10/15 | €97,989 | €121,970 | €122,629 | €114,786 | €109,931 | €111,959 | ▲ 1.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €79,389 | €103,370 | €104,029 | €96,186 | €91,331 | €93,359 | ▲ 2.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €94,326 | €89,471 | €91,499 | ▲ 2.3% |
| Amounts payable17/49 | €571,222 | €470,883 | €289,793 | €380,160 | €575,335 | €575,056 | = |
| Amounts payable after more than one year17 | €23,303 | €16,972 | €10,385 | €76,968 | €134,164 | €96,282 | ▼ 28.2% |
| Financial debts170/4 | - | - | - | €76,968 | €134,164 | €96,282 | ▼ 28.2% |
| Amounts payable within one year42/48 | €547,920 | €453,911 | €279,408 | €303,192 | €441,170 | €478,774 | ▲ 8.5% |
| Financial debts43 | - | - | - | - | €117 | - | - |
| Credit institutions430/8 | - | - | - | - | €117 | - | - |
| Trade debts44 | €507,818 | €425,444 | €246,220 | €275,978 | €372,092 | €416,543 | ▲ 11.9% |
| Suppliers440/4 | - | - | - | €275,978 | €372,092 | €416,543 | ▲ 11.9% |
| Taxes, remuneration and social security45 | - | - | - | €10,595 | €36,459 | €42,465 | ▲ 16.5% |
| Taxes450/3 | - | - | - | €10,595 | €9,695 | €9,915 | ▲ 2.3% |
| Remuneration and social security454/9 | - | - | - | - | €26,765 | €32,550 | ▲ 21.6% |
| Other amounts payable47/48 | - | - | - | €16,619 | €32,502 | €19,767 | ▼ 39.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,215 | €23,980 | €659 | -€7,843 | -€4,855 | €2,028 | - |
| + Depreciation and write-downs630 | €33,896 | €11,391 | €9,811 | €37,091 | €66,851 | €67,060 | ▲ 0.3% |
| Operating cash flow (approximation) | €44,111 | €35,371 | €10,471 | €29,248 | €61,996 | €69,088 | ▲ 11.4% |
| Investment in fixed assets (approximation) | - | €35,844 | -€4,499 | -€122,647 | -€78,103 | €0 | - |
| Change in cash | - | €56,191 | -€85,373 | -€31,129 | €2,139 | €92,184 | ▲ 43× |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 12-07-2024 | 2024-00239152 |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00228599 |
| 31-12-2021 | full format | 08-07-2022 | 2022-20162825 |
| 31-12-2020 | full format | 07-07-2021 | 2021-32100287 |
| 31-12-2019 | full format | 27-07-2020 | 2020-34300237 |
| 31-12-2018 | full format | 03-07-2019 | 2019-27800190 |
| 31-12-2017 | full format | 27-07-2018 | 2018-39600384 |
| 31-12-2016 | micro format | 28-09-2017 | 2017-64100254 |
| 31-12-2015 | full format | 26-07-2016 | 2016-35600564 |
| 31-12-2014 | full format | 31-07-2015 | 2015-38200588 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.