TACK
InactiveFrom the official registers: KBO 27 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2021, abbreviated format
2021 annual accounts filed late (11 days) Filed on 11 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20292568.
Latest annual accounts filed
Annual accounts 2021
- Financial year ended
- 31-12-2021
- Filed on
- 11-08-2022
- Format
- abbreviated format
- Reference
- 2022-20292568
Turnover
≈ €120,000
Estimated: probably between €50,000 and €300,000
Total assets
€192,119▼ 45.4%
2020 · €351,715
Net result
€3,100
2020 · -€2,972
Working capital
-€50,032
2020 · €181,869
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result returns to profit in 2021: €86,085 after a loss of €1,560 in 2020, the highest 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€86,085
2021
Net result€3,100
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€192,119
2021
Equity€84,968
2021
Debt€107,151
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€50,032
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€8,607-€23,127▲ 169%-€1,560€86,085
Net result€8,204-€14,145▲ 72.4%-€2,972€3,100
Equity€70,696-€84,841▲ 20.0%€81,869▼ 3.5%€84,968▲ 3.8%
Total assets€359,173-€359,636▲ 0.1%€351,715▼ 2.2%€192,119▼ 45.4%
Debt€38,477-€24,796▼ 35.6%€19,846▼ 20.0%€107,151▲ 440%
Working capital€140,696-€169,841▲ 20.7%€181,869▲ 7.1%-€50,032
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €192,119
Fixed assets
€135,000 ▼ 10.0%
Current assets
€57,119 ▼ 71.7%
Equity and liabilities €192,119
Equity
€84,968 ▲ 3.8%
Provisions
€0 ▼ 100%
Debt
€107,151 ▲ 440%
Debt's share of the balance-sheet total rises from 5.6% to 55.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101,085▲
2020 · €13,440
Cash flow
€18,100▲
2020 · €12,028
Current ratio
0.53▼
2020 · 10.16
Debt to equity
1.26
ROE
3.6%▲
2020 · -3.6%
ROA
1.6%▲
2020 · -0.8%
Interest coverage
1.22
Debt ≤ 1 year
€107,151▲
2020 · €19,846
Income taxes
€26▲
2020 · -€58
Staff costs
€165,951
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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €165,951 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€250,000 | - |
| Other operating charges640/8 | - | - | - | €777 | - |
| Gross operating margin9900 | €24,866 | €39,009 | €14,664 | €17,812 | ▲ 21.5% |
| Operating profit (loss)9901 | €8,607 | €23,127 | -€1,560 | €86,085 | - |
| Financial income75/76B | - | - | - | €1 | - |
| Recurring financial income75 | €3,056 | €969 | - | €1 | - |
| Financial charges65/66B | - | - | - | €82,960 | - |
| Recurring financial charges65 | €1,230 | €3,423 | €1,470 | €82,960 | ▲ 56× |
| Profit (loss) for the period before taxes9903 | €10,433 | €20,673 | -€3,029 | €3,125 | - |
| Income taxes67/77 | €2,246 | €6,528 | -€58 | €26 | - |
| Profit (loss) for the period9904 | €8,204 | €14,145 | -€2,972 | €3,100 | - |
| Profit (loss) for the period to be appropriated9905 | €8,213 | €14,145 | -€2,972 | €3,100 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €359,173 | €359,636 | €351,715 | €192,119 | ▼ 45.4% |
| Fixed assets21/28 | €180,000 | €165,000 | €150,000 | €135,000 | ▼ 10.0% |
| Tangible fixed assets22/27 | €180,000 | €165,000 | €150,000 | €135,000 | ▼ 10.0% |
| Other tangible fixed assets26 | - | - | - | €135,000 | - |
| Current assets29/58 | €179,173 | €194,636 | €201,715 | €57,119 | ▼ 71.7% |
| Amounts receivable within one year40/41 | €131,783 | €107,678 | €106,126 | €1,266 | ▼ 98.8% |
| Trade receivables40 | - | - | - | €980 | - |
| Other amounts receivable41 | - | - | - | €286 | - |
| Cash at bank and in hand54/58 | €47,389 | €86,958 | €95,589 | €55,853 | ▼ 41.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €359,173 | €359,636 | €351,715 | €192,119 | ▼ 45.4% |
| Equity10/15 | €70,696 | €84,841 | €81,869 | €84,968 | ▲ 3.8% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | - |
| Issued capital100 | - | - | - | €61,500 | - |
| Reserves13 | €9,196 | €23,341 | €20,369 | €23,468 | ▲ 15.2% |
| Non-distributable reserves130/1 | - | - | - | €2,305 | - |
| Legal reserve130 | - | - | - | €2,305 | - |
| Tax-exempt reserves132 | - | - | - | €2,305 | - |
| Distributable reserves133 | - | - | - | €18,858 | - |
| Provisions and deferred taxes16 | €250,000 | €250,000 | €250,000 | - | - |
| Amounts payable17/49 | €38,477 | €24,796 | €19,846 | €107,151 | ▲ 440% |
| Amounts payable within one year42/48 | €38,477 | €24,796 | €19,846 | €107,151 | ▲ 440% |
| Trade debts44 | €21,301 | €3,320 | €9,831 | €83 | ▼ 99.2% |
| Suppliers440/4 | - | - | - | €83 | - |
| Taxes, remuneration and social security45 | - | - | - | €26 | - |
| Taxes450/3 | - | - | - | €26 | - |
| Other amounts payable47/48 | - | - | - | €107,042 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,204 | €14,145 | -€2,972 | €3,100 | - |
| + Depreciation and write-downs630 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Operating cash flow (approximation) | €23,204 | €29,145 | €12,028 | €18,100 | ▲ 50.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €39,569 | €8,631 | -€39,736 | - |
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 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 11-08-2022 | 2022-20292568 | |
| 31-12-2020 | abbreviated format | 30-09-2021 | 2021-70000391 | |
| 31-12-2019 | abbreviated format | 26-10-2020 | 2020-63100137 | |
| 31-12-2018 | abbreviated format | 30-09-2019 | 2019-68300184 | |
| 31-12-2017 | abbreviated format | 27-08-2018 | 2018-51900370 | |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-49400528 | |
| 31-12-2015 | abbreviated format | 23-08-2016 | 2016-45700229 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-55300359 | |
| 31-12-2013 | abbreviated format | 18-11-2014 | 2014-67100441 | |
| 31-12-2012 | abbreviated format | 24-05-2013 | 2013-13100068 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.