STRATEGERY SOLUTIONS
InactiveFinancials · financial year 2023, abbreviated format
Turnover
≈ €59,000
Estimated: probably between €25,000 and €150,000
Total assets
€415,039▼ 24.2%
2022 · €547,303
Net result
-€12,131
2022 · €159,234
Working capital
€261,174▼ 0.1%
2022 · €261,328
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result turns negative in 2023: a loss of €11,061 after €216,920 in 2022, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€11,061
2023
Net result-€12,131
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€415,039
2023
Equity€264,657
2023
Debt€150,381
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€261,174
2023
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€159,072-€3,815▼ 97.6%€15,362▲ 303%€133,601▲ 770%€216,920▲ 62.4%-€11,061
Net result€104,653-€4,370▼ 95.8%€12,183▲ 179%€97,094▲ 697%€159,234▲ 64.0%-€12,131
Equity€117,053-€121,422▲ 3.7%€133,606▲ 10.0%€111,354▼ 16.7%€276,788▲ 149%€264,657▼ 4.4%
Total assets€169,309-€138,870▼ 18.0%€147,866▲ 6.5%€376,116▲ 154%€547,303▲ 45.5%€415,039▼ 24.2%
Debt€52,256-€17,447▼ 66.6%€14,260▼ 18.3%€264,762▲ 19×€270,515▲ 2.2%€150,381▼ 44.4%
Working capital€112,938-€113,816▲ 0.8%€126,219▲ 10.9%€103,662▼ 17.9%€261,328▲ 152%€261,174▼ 0.1%
Turnover and EBIT margin not published: the abbreviated or 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 €415,039
Fixed assets
€3,483 ▼ 77.5%
Current assets
€411,555 ▼ 22.6%
Equity and liabilities €415,039
Equity
€264,657 ▼ 4.4%
Debt
€150,381 ▼ 44.4%
Debt's share of the balance-sheet total falls from 49.4% to 36.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,512▼
2022 · €220,046
Cash flow
-€9,581▼
2022 · €162,361
Current ratio
2.74▲
2022 · 1.97
Debt to equity
0.57▼
2022 · 0.98
ROE
-4.6%▼
2022 · 57.5%
ROA
-2.9%▼
2022 · 29.1%
Interest coverage
-3.65▼
2022 · 28.94
Debt ≤ 1 year
€150,381▼
2022 · €270,515
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 | - | - | - | - | €905 | €4,325 | ▲ 378% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,504 | €3,292 | €3,448 | €1,277 | €3,127 | €2,549 | ▼ 18.5% |
| Other operating charges640/8 | - | - | - | €1,266 | €410 | €17,344 | ▲ 42× |
| Gross operating margin9900 | €163,902 | €8,471 | €20,707 | €136,144 | €220,456 | €8,832 | ▼ 96.0% |
| Operating profit (loss)9901 | €159,072 | €3,815 | €15,362 | €133,601 | €216,920 | -€11,061 | - |
| Financial income75/76B | - | - | - | €1,302 | €1,566 | €1,261 | ▼ 19.5% |
| Recurring financial income75 | €4,823 | €8,048 | €8,500 | €1,302 | €1,566 | €1,261 | ▼ 19.5% |
| Financial charges65/66B | - | - | - | €10,177 | €7,603 | €2,330 | ▼ 69.4% |
| Recurring financial charges65 | €4,356 | €6,517 | €8,428 | €10,177 | €7,603 | €2,330 | ▼ 69.4% |
| Profit (loss) for the period before taxes9903 | €159,538 | €5,346 | €15,435 | €124,726 | €210,882 | -€12,131 | - |
| Income taxes67/77 | €54,886 | €977 | €3,251 | €27,632 | €51,648 | - | - |
| Profit (loss) for the period9904 | €104,653 | €4,370 | €12,183 | €97,094 | €159,234 | -€12,131 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €50,520 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €50,520 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €104,653 | €4,370 | €12,183 | €46,574 | €159,234 | €38,390 | ▼ 75.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €169,309 | €138,870 | €147,866 | €376,116 | €547,303 | €415,039 | ▼ 24.2% |
| Fixed assets21/28 | €4,115 | €7,606 | €7,387 | €7,692 | €15,460 | €3,483 | ▼ 77.5% |
| Tangible fixed assets22/27 | €4,115 | €7,606 | €7,387 | €7,692 | €15,460 | €3,483 | ▼ 77.5% |
| Land and buildings22 | - | - | - | €7,549 | €9,427 | - | - |
| Furniture and vehicles24 | - | - | - | €143 | €6,033 | €3,483 | ▼ 42.3% |
| Current assets29/58 | €165,194 | €131,263 | €140,479 | €368,424 | €531,843 | €411,555 | ▼ 22.6% |
| Amounts receivable within one year40/41 | €125,340 | €93,771 | €113,837 | €255,953 | €281,232 | €151,829 | ▼ 46.0% |
| Trade receivables40 | - | - | - | €154,704 | €275,028 | €125,711 | ▼ 54.3% |
| Other amounts receivable41 | - | - | - | €101,249 | €6,205 | €26,117 | ▲ 321% |
| Cash at bank and in hand54/58 | €39,855 | €37,492 | €26,642 | €112,471 | €250,610 | €259,726 | ▲ 3.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €169,309 | €138,870 | €147,866 | €376,116 | €547,303 | €415,039 | ▼ 24.2% |
| Equity10/15 | €117,053 | €121,422 | €133,606 | €111,354 | €276,788 | €264,657 | ▼ 4.4% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €18,600 | €18,600 | = |
| Reserves13 | €104,653 | €109,022 | €121,206 | €52,380 | €52,380 | €52,380 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €50,520 | €50,520 | - | - |
| Distributable reserves133 | - | - | - | - | - | €50,520 | - |
| Profit (loss) carried forward14 | - | - | - | €46,574 | €205,808 | €193,677 | ▼ 5.9% |
| Amounts payable17/49 | €52,256 | €17,447 | €14,260 | €264,762 | €270,515 | €150,381 | ▼ 44.4% |
| Amounts payable within one year42/48 | €52,256 | €17,447 | €14,260 | €264,762 | €270,515 | €150,381 | ▼ 44.4% |
| Trade debts44 | €8,271 | €13,638 | €7,295 | €103,473 | €145,875 | €97,337 | ▼ 33.3% |
| Suppliers440/4 | - | - | - | €103,473 | €145,875 | €97,337 | ▼ 33.3% |
| Advances received on contracts in progress46 | - | - | - | - | - | €1,396 | - |
| Taxes, remuneration and social security45 | - | - | - | €29,943 | €124,639 | €51,648 | ▼ 58.6% |
| Taxes450/3 | - | - | - | €29,943 | €124,639 | €51,648 | ▼ 58.6% |
| Other amounts payable47/48 | - | - | - | €131,346 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,653 | €4,370 | €12,183 | €97,094 | €159,234 | -€12,131 | - |
| + Depreciation and write-downs630 | €3,504 | €3,292 | €3,448 | €1,277 | €3,127 | €2,549 | ▼ 18.5% |
| Operating cash flow (approximation) | €108,157 | €7,661 | €15,631 | €98,371 | €162,361 | -€9,581 | - |
| Investment in fixed assets (approximation) | - | -€6,783 | -€3,228 | -€1,582 | -€10,895 | €9,427 | - |
| Change in cash | - | -€2,363 | -€10,850 | €85,829 | €138,139 | €9,116 | ▼ 93.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 11-06-2024 | 2024-00142644 |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00252357 |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20244106 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-54500115 |
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-35200299 |
| 31-12-2018 | abbreviated format | 26-07-2019 | 2019-38000446 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.