STATRICS
Bankruptcy closedFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 29-07-2024 PDF all 2 filings
Turnover
≈ €73,000
Estimated: probably between €33,000 and €180,000
Total assets
€23,471▼ 26.9%
2022 · €32,126
Net result
-€1,159▲ 99.1%
2022 · -€132,890
Working capital
-€117,743▼ 87.4%
2022 · -€62,841
Trend over the years
2022 to 2023, 2 financial years
The operating result for 2023 is a profit of €1,125, after a loss of €130,188 in 2022.
Operating result€1,125
2023
Net result-€1,159
2023
Total assets€23,471
2023
Equity-€114,049
2023
Debt€137,520
2023
Working capital-€117,743
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20222023
Operating result-€130,188-€1,125
Net result-€132,890--€1,159▲ 99.1%
Equity-€112,890--€114,049▼ 1.0%
Total assets€32,126-€23,471▼ 26.9%
Debt€145,016-€137,520▼ 5.2%
Working capital-€62,841--€117,743▼ 87.4%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €22,894
Fixed assets
€16,964 ▼ 26.5%
Current assets
€5,929 ▼ 27.6%
Equity and liabilities
Equity-€114,049
Debt€137,520
Equity is negative. Debt (€137,520) exceeds the balance-sheet total (€23,471).
Key figures and ratios
EBITDA
€8,565▲
2022 · -€116,252
Cash flow
€6,281▲
2022 · -€118,954
Solvency
-485.9%▼
2022 · -351.4%
Current ratio
0.05▼
2022 · 0.12
ROA
-4.9%▲
2022 · -413.7%
Interest coverage
3.75▲
2022 · -38.61
Debt ≤ 1 year
€123,672▲
2022 · €71,032
Debt > 1 year
€13,848▼
2022 · €73,984
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Tangible fixed assets | - | €1,321 |
| Intangible fixed assets | €35,000 | - |
| Financial fixed assets | €1,500 | - |
| Depreciation and write-downs of the year | €13,936 | €7,440 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,936 | €7,440 | ▼ 46.6% |
| Other operating charges640/8 | - | €683 | - |
| Non-recurring operating charges66A | - | €274 | - |
| Gross operating margin9900 | -€116,252 | €9,523 | - |
| Operating profit (loss)9901 | -€130,188 | €1,125 | - |
| Financial income75/76B | €309 | - | - |
| Recurring financial income75 | €309 | - | - |
| Financial charges65/66B | €3,011 | €2,284 | ▼ 24.2% |
| Recurring financial charges65 | €3,011 | €2,284 | ▼ 24.2% |
| Profit (loss) for the period before taxes9903 | -€132,890 | -€1,159 | ▲ 99.1% |
| Profit (loss) for the period9904 | -€132,890 | -€1,159 | ▲ 99.1% |
| Profit (loss) for the period to be appropriated9905 | -€132,890 | -€1,159 | ▲ 99.1% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €32,126 | €23,471 | ▼ 26.9% |
| Formation expenses20 | €851 | €577 | ▼ 32.2% |
| Fixed assets21/28 | €23,083 | €16,964 | ▼ 26.5% |
| Intangible fixed assets21 | €21,583 | €14,583 | ▼ 32.4% |
| Tangible fixed assets22/27 | - | €881 | - |
| Furniture and vehicles24 | - | €881 | - |
| Financial fixed assets28 | €1,500 | €1,500 | = |
| Current assets29/58 | €8,191 | €5,929 | ▼ 27.6% |
| Amounts receivable within one year40/41 | €8,191 | €5,729 | ▼ 30.1% |
| Trade receivables40 | - | €1,161 | - |
| Other amounts receivable41 | €8,191 | €4,569 | ▼ 44.2% |
| Deferred charges and accrued income490/1 | - | €200 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €32,126 | €23,471 | ▼ 26.9% |
| Equity10/15 | -€112,890 | -€114,049 | ▼ 1.0% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€132,890 | -€134,049 | ▼ 0.9% |
| Amounts payable17/49 | €145,016 | €137,520 | ▼ 5.2% |
| Amounts payable after more than one year17 | €73,984 | €13,848 | ▼ 81.3% |
| Financial debts170/4 | €73,984 | €13,848 | ▼ 81.3% |
| Amounts payable within one year42/48 | €71,032 | €123,672 | ▲ 74.1% |
| Current portion of amounts payable after more than one year42 | €9,926 | €60,136 | ▲ 506% |
| Financial debts43 | €1,395 | €3,464 | ▲ 148% |
| Credit institutions430/8 | €1,395 | €3,464 | ▲ 148% |
| Trade debts44 | - | €1,016 | - |
| Suppliers440/4 | - | €1,016 | - |
| Taxes, remuneration and social security45 | €278 | €278 | = |
| Taxes450/3 | €278 | €278 | = |
| Other amounts payable47/48 | €59,433 | €58,778 | ▼ 1.1% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€132,890 | -€1,159 | ▲ 99.1% |
| + Depreciation and write-downs630 | €13,936 | €7,440 | ▼ 46.6% |
| Operating cash flow (approximation) | -€118,954 | €6,281 | - |
| Investment in fixed assets (approximation) | - | -€1,321 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.