SYNAPS'IT
Dissolved and wound up on 21-03-2026Financials · financial year 2020, micro format
Annual accounts 2020 filed on 29-04-2021 PDF all 3 filings
Turnover
≈ €120,000
Estimated: probably between €70,000 and €210,000
Total assets
€63,463▼ 6.8%
2019 · €68,104
Net result
€10,913▼ 18.1%
2019 · €13,325
Working capital
€7,049▼ 7.1%
2019 · €7,586
Multi-year overview
2019 to 2020, 2 financial yearsOperating result
€22,856
▲ 20.4%
2020
20192020
Net result
€10,913
▼ 18.1%
2020
20192020
Equity
€12,413
▲ 7.9%
2020
20192020
Total assets
€63,463
▼ 6.8%
2020
20192020
Debt
€51,050
▼ 9.8%
2020
20192020
Working capital
€7,049
▼ 7.1%
2020
20192020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020
Operating result€18,985-€22,856▲ 20.4%
Net result€13,325-€10,913▼ 18.1%
Equity€11,500-€12,413▲ 7.9%
Total assets€68,104-€63,463▼ 6.8%
Debt€56,604-€51,050▼ 9.8%
Working capital€7,586-€7,049▼ 7.1%
The operating result for 2020 is 20% higher than in 2019.
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
2020 in colour, 2019 as the grey bar beneath
Assets €63,463
Fixed assets
€5,364 ▼ 19.5%
Current assets
€58,099 ▼ 5.4%
Equity and liabilities €63,463
Equity
€12,413 ▲ 7.9%
Debt
€51,050 ▼ 9.8%
Debt's share of the balance-sheet total falls from 83.1% to 80.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,345▲
2019 · €24,382
Cash flow
€16,402▼
2019 · €18,722
Current ratio
1.14▼
2019 · 1.14
ROE
87.9%▼
2019 · 115.9%
ROA
17.2%▼
2019 · 19.6%
Debt ≤ 1 year
€51,050▼
2019 · €53,853
Income taxes
€11,755▲
2019 · €5,344
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,397 | €5,489 | ▲ 1.7% |
| Gross operating margin9900 | €25,607 | €28,937 | ▲ 13.0% |
| Operating profit (loss)9901 | €18,985 | €22,856 | ▲ 20.4% |
| Recurring financial charges65 | €316 | €188 | ▼ 40.5% |
| Profit (loss) for the period before taxes9903 | €18,669 | €22,668 | ▲ 21.4% |
| Income taxes67/77 | €5,344 | €11,755 | ▲ 120% |
| Profit (loss) for the period9904 | €13,325 | €10,913 | ▼ 18.1% |
| Profit (loss) for the period to be appropriated9905 | €13,325 | €10,913 | ▼ 18.1% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €68,104 | €63,463 | ▼ 6.8% |
| Fixed assets21/28 | €6,665 | €5,364 | ▼ 19.5% |
| Tangible fixed assets22/27 | €6,665 | €5,364 | ▼ 19.5% |
| Current assets29/58 | €61,439 | €58,099 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €20,540 | €13,764 | ▼ 33.0% |
| Cash at bank and in hand54/58 | €40,899 | €44,335 | ▲ 8.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €68,104 | €63,463 | ▼ 6.8% |
| Equity10/15 | €11,500 | €12,413 | ▲ 7.9% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | €200 | €200 | = |
| Profit (loss) carried forward14 | €9,300 | €10,213 | ▲ 9.8% |
| Amounts payable17/49 | €56,604 | €51,050 | ▼ 9.8% |
| Amounts payable after more than one year17 | €2,751 | - | - |
| Amounts payable within one year42/48 | €53,853 | €51,050 | ▼ 5.2% |
| Trade debts44 | €5,851 | €4,955 | ▼ 15.3% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €13,325 | €10,913 | ▼ 18.1% |
| + Depreciation and write-downs630 | €5,397 | €5,489 | ▲ 1.7% |
| Operating cash flow (approximation) | €18,722 | €16,402 | ▼ 12.4% |
| Investment in fixed assets (approximation) | - | -€4,188 | - |
| Change in cash | - | €3,436 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.