STMO
Open bankruptcyFinancials · financial year 2021, full format
2021 annual accounts filed 31 days after the deadline Filed on 31 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20388238.
Annual accounts 2021 filed on 31-08-2022 PDF all 45 filings
Turnover
≈ €470,000
Estimated: probably between €390,000 and €650,000
EBIT margin
Not included in this filing
Net result
-€27,878▼ 289%
2020 · -€7,166
Working capital
€150,824▼ 7.8%
2020 · €163,601
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€19,721
▼ 1,083%
2021
20182021
Net result
-€27,878
▼ 289%
2021
lowest quarter of the sector
20182021
Equity
€167,545
▼ 14.3%
2021
middle half of the sector
20182021
Total assets
€204,423
▼ 22.9%
2021
lowest quarter of the sector
20182021
Debt
€36,878
▼ 47.2%
2021
20182021
Working capital
€150,824
▼ 7.8%
2021
middle half of the sector
20182021
Solvency
82.0%
▲ 8.3pp
2021
highest quarter of the sector
20182021
Current ratio
5.09
▲ 1.75
2021
highest quarter of the sector
20182021
Return on assets (ROA)
-13.6%
▼ 10.9pp
2021
lowest quarter of the sector
20182021
Staff (FTE)
no figure
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.1m--€0.04m-€0.002m▲ 95.3%-€0.02m▼ 1,083%
Net result€0.09m--€0.06m-€0.007mbelow the sector's middle half▲ 88.0%-€0.03mbelow the sector's middle half▼ 289%
Equity€0.3m-€0.2m▼ 21.8%€0.2mabove the sector's middle half▼ 8.2%€0.2mwithin the sector's middle half▼ 14.3%
Total assets€1.3m-€1.1m▼ 9.8%€0.3mwithin the sector's middle half▼ 76.6%€0.2mbelow the sector's middle half▼ 22.9%
Debt€0.9m-€0.9m▼ 6.5%€0.07m▼ 92.1%€0.04m▼ 47.2%
Working capital€0.2m-€0.1m▼ 26.0%€0.2mabove the sector's middle half▲ 30.4%€0.2mwithin the sector's middle half▼ 7.8%
Solvency21.7%-18.8%▼ 2.9pp73.7%above the sector's middle half▲ 54.9pp82.0%above the sector's middle half▲ 8.3pp
Current ratio2.79-2.59▼ 0.203.34above the sector's middle half▲ 0.755.09above the sector's middle half▲ 1.75
Return on assets (ROA)7.0%--5.3%▼ 12.2pp-2.7%within the sector's middle half▲ 2.6pp-13.6%below the sector's middle half▼ 10.9pp
Staff (FTE)7.5-
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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 2021 is a loss of €19,721, larger than the loss of €1,668 in 2020.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €204,423
Fixed assets
€16,721 ▼ 47.5%
Current assets
€187,702 ▼ 19.6%
Equity and liabilities €204,423
Equity
€167,545 ▼ 14.3%
Debt
€36,878 ▼ 47.2%
Debt's share of the balance-sheet total falls from 26.3% to 18.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,576▼
2020 · €37,247
Cash flow
-€12,733▼
2020 · €31,749
Debt to equity
0.22
ROE
-16.6%▼
2020 · -3.7%
Interest coverage
-0.55
Debt ≤ 1 year
€36,878▼
2020 · €69,858
Staff costs
€187,196
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 |
|---|---|
| Financial fixed assets | €45 |
| Depreciation and write-downs of the year | €15,146 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €84 | - |
| Remuneration, social security and pensions62 | - | - | - | €187,196 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,734 | €63,906 | €38,915 | €15,146 | ▼ 61.1% |
| Other operating charges640/8 | - | - | - | €6,467 | - |
| Gross operating margin9900 | €456,459 | €317,168 | €265,358 | €189,088 | ▼ 28.7% |
| Operating profit (loss)9901 | €123,137 | -€35,564 | -€1,668 | -€19,721 | ▼ 1,083% |
| Financial income75/76B | - | - | - | €147 | - |
| Recurring financial income75 | €255 | €6 | €1 | €147 | ▲ 173× |
| Financial charges65/66B | - | - | - | €8,304 | - |
| Recurring financial charges65 | €18,144 | €16,950 | €15,459 | €8,304 | ▼ 46.3% |
| Profit (loss) for the period before taxes9903 | €105,248 | -€52,507 | -€17,126 | -€27,878 | ▼ 62.8% |
| Income taxes67/77 | €10,326 | €9,000 | -€9,000 | - | - |
| Profit (loss) for the period9904 | €87,609 | -€59,589 | -€7,166 | -€27,878 | ▼ 289% |
| Transfer from tax-exempt reserves789 | - | - | - | €7,674 | - |
| Profit (loss) for the period to be appropriated9905 | €30,897 | -€48,789 | €508 | -€20,204 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.3m | €1.1m | €0.3m | €0.2m | ▼ 22.9% |
| Fixed assets21/28 | €1.0m | €0.9m | €0.03m | €0.02m | ▼ 47.5% |
| Tangible fixed assets22/27 | €1.0m | €0.9m | €0.03m | €0.02m | ▼ 48.2% |
| Land and buildings22 | - | - | - | €0.009m | - |
| Plant, machinery and equipment23 | - | - | - | €0.004m | - |
| Furniture and vehicles24 | - | - | - | €0.003m | - |
| Financial fixed assets28 | €405 | €405 | €405 | €450 | ▲ 11.1% |
| Current assets29/58 | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 19.6% |
| Amounts receivable within one year40/41 | €0.01m | €0.1m | €0.2m | €0.2m | ▲ 11.5% |
| Trade receivables40 | - | - | - | €0.04m | - |
| Other amounts receivable41 | - | - | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.06m | €0.07m | €0.005m | ▼ 92.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.3m | €1.1m | €0.3m | €0.2m | ▼ 22.9% |
| Equity10/15 | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 14.3% |
| Contributions10/11 | €0.07m | €0.07m | - | €0.06m | - |
| Reserves13 | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 5.8% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | - |
| Reserves not available under the articles1311 | - | - | - | €0.006m | - |
| Tax-exempt reserves132 | - | - | - | €0.1m | - |
| Profit (loss) carried forward14 | €0.05m | €0.002m | €0.002m | -€0.02m | - |
| Provisions and deferred taxes16 | €0.04m | €0.03m | - | - | - |
| Amounts payable17/49 | €0.9m | €0.9m | €0.07m | €0.04m | ▼ 47.2% |
| Amounts payable after more than one year17 | €0.9m | €0.8m | - | - | - |
| Amounts payable within one year42/48 | €0.09m | €0.08m | €0.07m | €0.04m | ▼ 47.2% |
| Trade debts44 | €0.02m | €487 | €0.02m | €0.02m | ▼ 35.9% |
| Suppliers440/4 | - | - | - | €0.02m | - |
| Advances received on contracts in progress46 | - | - | - | €0.003m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | - |
| Taxes450/3 | - | - | - | €0.007m | - |
| Remuneration and social security454/9 | - | - | - | €0.01m | - |
| Other amounts payable47/48 | - | - | - | €390 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87,609 | -€59,589 | -€7,166 | -€27,878 | ▼ 289% |
| + Depreciation and write-downs630 | €65,734 | €63,906 | €38,915 | €15,146 | ▼ 61.1% |
| Operating cash flow (approximation) | €153,344 | €4,317 | €31,749 | -€12,733 | - |
| Investment in fixed assets (approximation) | - | -€267 | €859,236 | -€45 | - |
| Change in cash | - | -€184,138 | €8,973 | -€64,638 | - |
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 45 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | full format | 31-08-2022 | 2022-20388238 | |
| 31-12-2020 | micro format | 23-07-2021 | 2021-39100289 | |
| 31-12-2019 | full format | 30-10-2020 | 2020-68500022 | |
| 31-12-2018 | full format | 28-08-2019 | 2019-58600194 | |
| 31-12-2017 | full format | 26-02-2018 | 2018-05700129 | |
| 31-12-2016 | full format | 22-05-2017 | 2017-12900367 | |
| 31-12-2015 | full format | 31-05-2016 | 2016-14200511 | |
| 31-12-2014 | full format | 22-05-2015 | 2015-12900121 | |
| 31-12-2013 | full format | 18-06-2014 | 2014-18100564 | |
| 31-12-2012 | full format | 06-06-2013 | 2013-15800428 |