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InactiveFinancials · financial year 2022, micro format
2022 annual accounts filed 31 days after the deadline Filed on 31 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00414168.
Annual accounts 2022 filed on 31-08-2023 PDF all 22 filings
Equity
-€595,677▼ 1.7%
2021 · -€585,792
Total assets
€3,953▼ 20.9%
2021 · €5,000
Net result
-€9,885
2021 · €1,154
Working capital
-€3,128▲ 28.3%
2021 · -€4,362
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is a loss of €9,737, after a profit of €4,303 in 2021.
Operating result-€9,737
2022
Net result-€9,885
2022
Total assets€3,953
2022
Equity-€595,677
2022
Debt€599,630
2022
Working capital-€3,128
2022
Staff (FTE)0
2021
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€108,173--€68,783▲ 36.4%-€361,508▼ 426%€4,303-€9,737
Net result-€108,522--€70,231▲ 35.3%-€365,426▼ 420%€1,154-€9,885
Equity-€151,288--€221,520▼ 46.4%-€586,946▼ 165%-€585,792▲ 0.2%-€595,677▼ 1.7%
Total assets€67,927-€82,259▲ 21.1%€19,921▼ 75.8%€5,000▼ 74.9%€3,953▼ 20.9%
Debt€219,215-€303,779▲ 38.6%€606,866▲ 99.8%€590,792▼ 2.6%€599,630▲ 1.5%
Working capital-€170,060--€232,388▼ 36.7%-€591,714▼ 155%-€4,362▲ 99.3%-€3,128▲ 28.3%
Staff (FTE)3.7-2.5▼ 32.4%2.2▼ 12.0%0▼ 100%
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Large changes and their cause
- 2020 Net result -420% on 2019. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €3,953
Fixed assets
€2,699 ▼ 37.5%
Current assets
€1,254 ▲ 84.2%
Equity and liabilities
Equity-€595,677
Debt€599,630
Equity is negative. Debt (€599,630) exceeds the balance-sheet total (€3,953).
Key figures and ratios
EBITDA
-€9,287▼
2021 · €4,753
Cash flow
-€9,435▼
2021 · €1,604
Interest coverage
-63.00▼
2021 · 1.46
Debt ≤ 1 year
€4,383▼
2021 · €5,043
Debt > 1 year
€595,247▲
2021 · €585,748
Staff costs
€0▲
2021 · -€4,642
The ratios are withheld because a balance sheet total of €3,953 is too small for a meaningful ratio.
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 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | -€4,642 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,651 | €6,100 | €450 | €450 | €450 | = |
| Other operating charges640/8 | - | - | - | €4,838 | €1,967 | ▼ 59.3% |
| Gross operating margin9900 | €52,484 | €55,310 | -€216,129 | €4,949 | -€7,320 | - |
| Operating profit (loss)9901 | -€108,173 | -€68,783 | -€361,508 | €4,303 | -€9,737 | - |
| Financial income75/76B | - | - | - | €113 | €0 | ▼ 100% |
| Recurring financial income75 | - | €1 | - | €113 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €3,263 | €147 | ▼ 95.5% |
| Recurring financial charges65 | €349 | €1,257 | €3,918 | €3,263 | €147 | ▼ 95.5% |
| Profit (loss) for the period before taxes9903 | -€108,522 | -€70,038 | -€365,426 | €1,154 | -€9,885 | - |
| Income taxes67/77 | - | €193 | - | - | - | - |
| Profit (loss) for the period9904 | -€108,522 | -€70,231 | -€365,426 | €1,154 | -€9,885 | - |
| Profit (loss) for the period to be appropriated9905 | -€108,522 | -€70,231 | -€365,426 | €1,154 | -€9,885 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.07m | €0.08m | €0.02m | €0.005m | €0.004m | ▼ 20.9% |
| Fixed assets21/28 | €0.02m | €0.01m | €0.005m | €0.004m | €0.003m | ▼ 37.5% |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.004m | €0.003m | €0.003m | ▼ 14.3% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.003m | ▼ 14.3% |
| Financial fixed assets28 | €0.003m | €0.001m | €0.001m | €0.001m | €0 | ▼ 100% |
| Current assets29/58 | €0.05m | €0.07m | €0.02m | €0.001m | €0.001m | ▲ 84.2% |
| Amounts receivable within one year40/41 | €0.02m | €0.05m | €0.002m | €0.001m | €0.001m | ▲ 84.2% |
| Trade receivables40 | - | - | - | €141 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | ▲ 132% |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.01m | €0 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.07m | €0.08m | €0.02m | €0.005m | €0.004m | ▼ 20.9% |
| Equity10/15 | -€0.2m | -€0.2m | -€0.6m | -€0.6m | -€0.6m | ▼ 1.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | -€0.6m | -€0.7m | -€1.0m | -€1.0m | -€1.1m | ▼ 0.9% |
| Amounts payable17/49 | €0.2m | €0.3m | €0.6m | €0.6m | €0.6m | ▲ 1.5% |
| Amounts payable after more than one year17 | - | - | - | €0.6m | €0.6m | ▲ 1.6% |
| Other amounts payable178/9 | - | - | - | €0.6m | €0.6m | ▲ 1.6% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.6m | €0.005m | €0.004m | ▼ 13.1% |
| Trade debts44 | €0.2m | €0.3m | €0.6m | €0.005m | €0.004m | ▼ 15.8% |
| Suppliers440/4 | - | - | - | €0.005m | €0.004m | ▼ 15.8% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - |
| Taxes450/3 | - | - | - | €0 | - | - |
| Remuneration and social security454/9 | - | - | - | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0 | €137 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€108,522 | -€70,231 | -€365,426 | €1,154 | -€9,885 | - |
| + Depreciation and write-downs630 | €5,651 | €6,100 | €450 | €450 | €450 | = |
| Operating cash flow (approximation) | -€102,871 | -€64,131 | -€364,976 | €1,604 | -€9,435 | - |
| Investment in fixed assets (approximation) | - | €1,803 | €5,650 | €0 | €1,170 | - |
| Change in cash | - | -€7,454 | -€5,009 | -€10,078 | - | - |
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 |
|---|---|---|---|---|
| 31-12-2022 | micro format | 31-08-2023 | 2023-00414168 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20418662 | |
| 31-12-2020 | micro format | 17-06-2021 | 2021-22200575 | |
| 31-12-2019 | abbreviated format | 27-11-2020 | 2020-72800149 | |
| 31-12-2018 | abbreviated format | 15-10-2019 | 2019-70600408 | |
| 31-12-2017 | micro format | 27-11-2018 | 2018-72900591 | |
| 31-12-2016 | abbreviated format | 29-09-2017 | 2017-64300093 | |
| 31-12-2015 | abbreviated format | 23-05-2016 | 2016-13000027 | |
| 31-12-2014 | abbreviated format | 26-05-2015 | 2015-13100241 | |
| 31-12-2013 | abbreviated format | 11-07-2014 | 2014-29400179 |