STATEC
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 07-06-2024 PDF all 22 filings
Equity
€43,537▼ 7.5%
2022 · €47,083
Total assets
€168,090▼ 5.4%
2022 · €177,659
Net result
-€3,546▼ 59.9%
2022 · -€2,218
Working capital
€43,537▼ 7.5%
2022 · €47,083
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€2,090
▼ 146%
2023
20182023
Net result
-€3,546
▼ 59.9%
2023
middle half of the sector
20182023
Equity
€43,537
▼ 7.5%
2023
middle half of the sector
20182023
Total assets
€168,090
▼ 5.4%
2023
middle half of the sector
20182023
Debt
€124,554
▼ 4.6%
2023
20182023
Working capital
€43,537
▼ 7.5%
2023
middle half of the sector
20182023
Solvency
25.9%
▼ 0.6pp
2023
middle half of the sector
20182023
Current ratio
1.35
▼ 0.01
2023
middle half of the sector
20182023
Return on assets (ROA)
-2.1%
▼ 0.9pp
2023
middle half of the sector
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€1,707-€2,086€22,065▲ 958%€393▼ 98.2%-€850-€2,090▼ 146%
Net result-€2,832-€666€14,991within the sector's middle half▲ 23×-€1,411within the sector's middle half-€2,218within the sector's middle half▼ 57.2%-€3,546within the sector's middle half▼ 59.9%
Equity€35,055-€35,722▲ 1.9%€50,712within the sector's middle half▲ 42.0%€49,301within the sector's middle half▼ 2.8%€47,083within the sector's middle half▼ 4.5%€43,537within the sector's middle half▼ 7.5%
Total assets€147,345-€174,087▲ 18.1%€184,951within the sector's middle half▲ 6.2%€182,669within the sector's middle half▼ 1.2%€177,659within the sector's middle half▼ 2.7%€168,090within the sector's middle half▼ 5.4%
Debt€112,290-€138,365▲ 23.2%€134,239▼ 3.0%€133,368▼ 0.6%€130,576▼ 2.1%€124,554▼ 4.6%
Working capital€34,295-€35,259▲ 2.8%€58,152within the sector's middle half▲ 64.9%€49,301within the sector's middle half▼ 15.2%€47,083within the sector's middle half▼ 4.5%€43,537within the sector's middle half▼ 7.5%
Solvency23.8%-20.5%▼ 3.3pp27.4%within the sector's middle half▲ 6.9pp27.0%within the sector's middle half▼ 0.4pp26.5%within the sector's middle half▼ 0.5pp25.9%within the sector's middle half▼ 0.6pp
Current ratio1.31-1.25▼ 0.051.46within the sector's middle half▲ 0.201.37within the sector's middle half▼ 0.091.36within the sector's middle half▼ 0.011.35within the sector's middle half▼ 0.01
Return on assets (ROA)-1.9%-0.4%▲ 2.3pp8.1%above the sector's middle half▲ 7.7pp-0.8%within the sector's middle half▼ 8.9pp-1.2%within the sector's middle half▼ 0.5pp-2.1%within the sector's middle half▼ 0.9pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €2,090, larger than the loss of €850 in 2022. It is the lowest result since 2019.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €168,090
Equity
€43,537 ▼ 7.5%
Debt
€124,554 ▼ 4.6%
Debt's share of the balance-sheet total rises from 73.5% to 74.1%. Equity and debt are lower.
Key figures and ratios
Debt to equity
2.86▲
2022 · 2.77
ROE
-8.1%▼
2022 · -4.7%
Debt ≤ 1 year
€124,554▼
2022 · €130,576
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 |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €463 | €463 | €463 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €819 | €50 | ▼ 93.9% |
| Gross operating margin9900 | -€1,183 | €2,610 | €22,589 | €393 | -€31 | -€2,040 | ▼ 6,497% |
| Operating profit (loss)9901 | -€1,707 | €2,086 | €22,065 | €393 | -€850 | -€2,090 | ▼ 146% |
| Recurring financial income75 | - | €17 | €2 | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,804 | €1,368 | €1,457 | ▲ 6.5% |
| Recurring financial charges65 | €1,124 | €1,436 | €3,499 | €1,804 | €1,368 | €1,457 | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | -€2,832 | €666 | €18,567 | -€1,411 | -€2,218 | -€3,546 | ▼ 59.9% |
| Income taxes67/77 | - | - | €3,577 | - | - | - | - |
| Profit (loss) for the period9904 | -€2,832 | €666 | €14,991 | -€1,411 | -€2,218 | -€3,546 | ▼ 59.9% |
| Profit (loss) for the period to be appropriated9905 | -€2,832 | €666 | €14,991 | -€1,411 | -€2,218 | -€3,546 | ▼ 59.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €147,345 | €174,087 | €184,951 | €182,669 | €177,659 | €168,090 | ▼ 5.4% |
| Fixed assets21/28 | €925 | €463 | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €925 | €463 | - | - | - | €0 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | €0 | - |
| Current assets29/58 | €146,420 | €173,624 | €184,951 | €182,669 | €177,659 | €168,090 | ▼ 5.4% |
| Stocks and contracts in progress3 | - | €15,250 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €139,821 | €158,143 | €182,426 | €179,879 | €176,748 | €167,921 | ▼ 5.0% |
| Trade receivables40 | - | - | - | €165,965 | €163,610 | €153,460 | ▼ 6.2% |
| Other amounts receivable41 | - | - | - | €13,914 | €13,138 | €14,461 | ▲ 10.1% |
| Cash at bank and in hand54/58 | €2,083 | €231 | €31 | €1,591 | €911 | €169 | ▼ 81.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,200 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €147,345 | €174,087 | €184,951 | €182,669 | €177,659 | €168,090 | ▼ 5.4% |
| Equity10/15 | €35,055 | €35,722 | €50,712 | €49,301 | €47,083 | €43,537 | ▼ 7.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €24,999 | €24,999 | €32,112 | €32,112 | €32,112 | €32,112 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | €30,252 | €30,252 | €32,112 | ▲ 6.1% |
| Profit (loss) carried forward14 | -€8,544 | -€7,877 | - | -€1,411 | -€3,629 | -€7,176 | ▼ 97.7% |
| Amounts payable17/49 | €112,290 | €138,365 | €134,239 | €133,368 | €130,576 | €124,554 | ▼ 4.6% |
| Amounts payable within one year42/48 | €112,125 | €138,365 | €126,799 | €133,368 | €130,576 | €124,554 | ▼ 4.6% |
| Trade debts44 | €71,367 | €71,891 | €75,286 | €85,735 | €85,335 | €83,431 | ▼ 2.2% |
| Suppliers440/4 | - | - | - | €85,735 | €85,335 | €83,431 | ▼ 2.2% |
| Taxes, remuneration and social security45 | - | - | - | €4,911 | €2,518 | - | - |
| Taxes450/3 | - | - | - | €3,288 | €1,119 | - | - |
| Remuneration and social security454/9 | - | - | - | €1,623 | €1,399 | - | - |
| Other amounts payable47/48 | - | - | - | €42,722 | €42,722 | €41,122 | ▼ 3.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,832 | €666 | €14,991 | -€1,411 | -€2,218 | -€3,546 | ▼ 59.9% |
| + Depreciation and write-downs630 | €463 | €463 | €463 | - | - | - | - |
| Operating cash flow (approximation) | -€2,369 | €1,129 | €15,453 | -€1,411 | -€2,218 | -€3,546 | ▼ 59.9% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - | - |
| Change in cash | - | -€1,852 | -€201 | €1,560 | -€680 | -€742 | ▼ 9.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 07-06-2024 | 2024-00114717 | |
| 31-12-2022 | micro format | 09-06-2023 | 2023-00115586 | |
| 31-12-2021 | micro format | 18-05-2022 | 2022-20029789 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63100436 | |
| 31-12-2019 | micro format | 09-07-2020 | 2020-28400225 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54200398 | |
| 31-12-2017 | micro format | 08-06-2018 | 2018-16800510 | |
| 31-12-2016 | micro format | 10-05-2017 | 2017-11700358 | |
| 31-12-2015 | abbreviated format | 23-05-2016 | 2016-12800452 | |
| 31-12-2014 | abbreviated format | 17-04-2015 | 2015-09900333 |