SYNTAX
InactiveFinancials · financial year 2023, micro format
Equity
€90,478▲ 3.2%
2022 · €87,644
Total assets
€94,303▼ 9.1%
2022 · €103,793
Net result
€2,834▼ 77.0%
2022 · €12,315
Working capital
€88,515▲ 5.5%
2022 · €83,917
Trend over the years
2018 to 2023, 5 financial years 2018 to 2023, 5 financial years
The operating result falls in 2023; 2023 is 60% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€7,343
2023
Net result€2,834
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€94,303
2023
Equity€90,478
2023
Debt€3,825
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€88,515
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
Line20182019202020222023
Operating result€4,621-€16,559▲ 258%€6,796▼ 59.0%€18,410-€7,343▼ 60.1%
Net result€4,421-€16,320▲ 269%€4,336▼ 73.4%€12,315-€2,834▼ 77.0%
Equity€42,662-€58,982▲ 38.3%€63,319▲ 7.4%€87,644-€90,478▲ 3.2%
Total assets€51,584-€62,429▲ 21.0%€66,761▲ 6.9%€103,793-€94,303▼ 9.1%
Debt€8,922-€3,447▼ 61.4%€3,442▼ 0.1%€16,149-€3,825▼ 76.3%
Working capital€41,168-€58,322▲ 41.7%€61,863▲ 6.1%€83,917-€88,515▲ 5.5%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €94,303
Fixed assets
€1,962 ▼ 47.3%
Current assets
€92,340 ▼ 7.7%
Equity and liabilities €94,303
Equity
€90,478 ▲ 3.2%
Debt
€3,825 ▼ 76.3%
Debt's share of the balance-sheet total falls from 15.6% to 4.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,107▼
2022 · €20,338
Cash flow
€4,598▼
2022 · €14,243
Current ratio
24.14▲
2022 · 6.20
Debt to equity
0.04▼
2022 · 0.18
ROE
3.1%▼
2022 · 14.1%
ROA
3.0%▼
2022 · 11.9%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€3,825▼
2022 · €16,149
Income taxes
€4,799▼
2022 · €6,753
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,877 | €3,356 | ▲ 78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,073 | €834 | €893 | €1,928 | €1,764 | ▼ 8.5% |
| Other operating charges640/8 | - | - | - | €406 | €492 | ▲ 21.4% |
| Non-recurring operating charges66A | - | - | - | €799 | - | - |
| Gross operating margin9900 | €6,042 | €17,740 | €8,036 | €21,542 | €9,599 | ▼ 55.4% |
| Operating profit (loss)9901 | €4,621 | €16,559 | €6,796 | €18,410 | €7,343 | ▼ 60.1% |
| Financial income75/76B | - | - | - | €737 | €336 | ▼ 54.4% |
| Recurring financial income75 | €0 | €1 | €335 | €737 | €336 | ▼ 54.4% |
| Financial charges65/66B | - | - | - | €79 | €45 | ▼ 42.5% |
| Recurring financial charges65 | €201 | €107 | €42 | €79 | €45 | ▼ 42.5% |
| Profit (loss) for the period before taxes9903 | €4,421 | €16,453 | €7,088 | €19,069 | €7,634 | ▼ 60.0% |
| Income taxes67/77 | - | €133 | €2,752 | €6,753 | €4,799 | ▼ 28.9% |
| Profit (loss) for the period9904 | €4,421 | €16,320 | €4,336 | €12,315 | €2,834 | ▼ 77.0% |
| Profit (loss) for the period to be appropriated9905 | €4,421 | €16,320 | €4,336 | €12,315 | €2,834 | ▼ 77.0% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,584 | €62,429 | €66,761 | €103,793 | €94,303 | ▼ 9.1% |
| Fixed assets21/28 | €1,495 | €660 | €1,455 | €3,726 | €1,962 | ▼ 47.3% |
| Tangible fixed assets22/27 | €1,495 | €660 | €1,455 | €3,726 | €1,962 | ▼ 47.3% |
| Plant, machinery and equipment23 | - | - | - | €631 | €215 | ▼ 65.9% |
| Furniture and vehicles24 | - | - | - | €3,095 | €1,747 | ▼ 43.6% |
| Current assets29/58 | €50,089 | €61,769 | €65,305 | €100,066 | €92,340 | ▼ 7.7% |
| Amounts receivable after more than one year29 | - | - | - | €35,548 | €31,359 | ▼ 11.8% |
| Other amounts receivable291 | - | - | - | €35,548 | €31,359 | ▼ 11.8% |
| Amounts receivable within one year40/41 | €36,797 | €9,275 | €8,990 | €38,797 | €57,503 | ▲ 48.2% |
| Trade receivables40 | - | - | - | €8,202 | €7,562 | ▼ 7.8% |
| Other amounts receivable41 | - | - | - | €30,595 | €49,941 | ▲ 63.2% |
| Current investments50/53 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Cash at bank and in hand54/58 | €9,625 | €17,529 | €15,520 | €23,074 | €2,479 | ▼ 89.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,647 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,584 | €62,429 | €66,761 | €103,793 | €94,303 | ▼ 9.1% |
| Equity10/15 | €42,662 | €58,982 | €63,319 | €87,644 | €90,478 | ▲ 3.2% |
| Contributions10/11 | €10,226 | €10,226 | €10,226 | €10,226 | €10,226 | = |
| Contributions outside capital11 | - | - | - | €10,226 | €10,226 | = |
| Share premium1100/10 | - | - | - | €10,226 | €10,226 | = |
| Reserves13 | €70,722 | €48,757 | €53,093 | €77,418 | €80,252 | ▲ 3.7% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €75,559 | €78,393 | ▲ 3.8% |
| Profit (loss) carried forward14 | -€38,285 | - | - | - | - | - |
| Amounts payable17/49 | €8,922 | €3,447 | €3,442 | €16,149 | €3,825 | ▼ 76.3% |
| Amounts payable within one year42/48 | €8,922 | €3,447 | €3,442 | €16,149 | €3,825 | ▼ 76.3% |
| Trade debts44 | €5,327 | €2,309 | €707 | €1,396 | €209 | ▼ 85.0% |
| Suppliers440/4 | - | - | - | €1,396 | €209 | ▼ 85.0% |
| Taxes, remuneration and social security45 | - | - | - | €14,753 | €3,616 | ▼ 75.5% |
| Taxes450/3 | - | - | - | €14,753 | €3,616 | ▼ 75.5% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,421 | €16,320 | €4,336 | €12,315 | €2,834 | ▼ 77.0% |
| + Depreciation and write-downs630 | €1,073 | €834 | €893 | €1,928 | €1,764 | ▼ 8.5% |
| Operating cash flow (approximation) | €5,494 | €17,154 | €5,229 | €14,243 | €4,598 | ▼ 67.7% |
| Investment in fixed assets (approximation) | - | €0 | -€1,687 | - | €0 | - |
| Change in cash | - | €7,905 | -€2,010 | - | -€20,595 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 16-07-2024 | 2024-00248517 |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00343978 |
| 31-12-2020 | micro format | 11-08-2021 | 2021-47100364 |
| 31-12-2019 | micro format | 27-08-2020 | 2020-44900562 |
| 31-12-2018 | micro format | 29-07-2019 | 2019-38900086 |
| 31-12-2017 | micro format | 25-07-2018 | 2018-36900086 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-52200215 |
| 31-12-2015 | abbreviated format | 22-08-2016 | 2016-44200104 |
| 31-12-2014 | abbreviated format | 24-07-2015 | 2015-33400583 |
| 31-12-2013 | abbreviated format | 23-07-2014 | 2014-32100276 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.