TANT
Open bankruptcyFinancials · financial year 2021, abbreviated format
Annual accounts 2021 filed on 16-05-2022 PDF all 29 filings
Turnover
≈ €3.1m
Estimated: probably between €1.9m and €5.2m
Total assets
€1.0m▲ 11.2%
2020 · €923,511
Net result
€129,842
2020 · -€55,479
Working capital
€264,898▲ 114%
2020 · €123,854
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€175,143
2021
20182021
Net result
€129,842
2021
middle half of the sector
20182021
Equity
€130,622
▲ 168×
2021
lowest quarter of the sector
20182021
Total assets
€1.0m
▲ 11.2%
2021
middle half of the sector
20182021
Debt
€895,940
▼ 2.9%
2021
20182021
Working capital
€264,898
▲ 114%
2021
middle half of the sector
20182021
Solvency
12.7%
▲ 12.6pp
2021
lowest quarter of the sector
20182021
Current ratio
1.35
▲ 0.19
2021
middle half of the sector
20182021
Return on assets (ROA)
12.6%
▲ 18.7pp
2021
highest quarter of the sector
20182021
Staff (FTE)
7.1
▼ 7.8%
2021
middle half of the sector
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.1m--€0.05m-€0.03m▲ 39.2%€0.2m
Net result€0.07m--€0.1m-€0.06mbelow the sector's middle half▲ 46.9%€0.1mwithin the sector's middle half
Equity€0.2m-€0.06m▼ 65.0%€0.001mbelow the sector's middle half▼ 98.6%€0.1mbelow the sector's middle half▲ 168×
Total assets€0.9m-€0.9m▼ 5.0%€0.9mwithin the sector's middle half▲ 2.8%€1.0mwithin the sector's middle half▲ 11.2%
Debt€0.8m-€0.8m▲ 7.2%€0.9m▲ 9.6%€0.9m▼ 2.9%
Working capital€0.2m-€0.06m▼ 58.3%€0.1mwithin the sector's middle half▲ 92.0%€0.3mwithin the sector's middle half▲ 114%
Solvency17.0%-6.3%▼ 10.7pp0.1%below the sector's middle half▼ 6.2pp12.7%below the sector's middle half▲ 12.6pp
Current ratio1.21-1.08▼ 0.131.16within the sector's middle half▲ 0.081.35within the sector's middle half▲ 0.19
Return on assets (ROA)7.4%--11.6%▼ 19.0pp-6.0%below the sector's middle half▲ 5.6pp12.6%above the sector's middle half▲ 18.7pp
Staff (FTE)8.8-8.8=7.7within the sector's middle half▼ 12.5%7.1within the sector's middle half▼ 7.8%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 profit of €175,143, after a loss of €31,171 in 2020. It is the highest result since 2018.
Turnover and EBIT margin are 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 €1.0m
Fixed assets
€3,135 ▼ 71.8%
Current assets
€1.0m ▲ 12.2%
Equity and liabilities €1.0m
Equity
€130,622 ▲ 168×
Debt
€895,940 ▼ 2.9%
Debt's share of the balance-sheet total falls from 99.9% to 87.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€183,132▲
2020 · -€19,344
Cash flow
€137,831▲
2020 · -€43,653
Quick ratio
0.95▲
2020 · 0.88
Debt to equity
6.86
ROE
99.4%
Interest coverage
3.97
Debt ≤ 1 year
€758,530▼
2020 · €788,533
Debt > 1 year
€133,237▲
2020 · €131,142
Income taxes
€337▲
2020 · €325
Staff costs
€414,677
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 8 |
| full-time | 8 |
| in full-time equivalents | 8 |
| Average over the year, in full-time equivalents | 7.1 |
| On a permanent contract | 8 |
| Joined | 2 |
| Left | 1 |
Source: social balance sheet in the 2021 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €414,677 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,384 | €23,915 | €11,826 | €7,989 | ▼ 32.4% |
| Other operating charges640/8 | - | - | - | €2,723 | - |
| Gross operating margin9900 | €658,872 | €435,805 | €312,320 | €600,532 | ▲ 92.3% |
| Operating profit (loss)9901 | €131,476 | -€51,267 | -€31,171 | €175,143 | - |
| Financial income75/76B | - | - | - | €1,179 | - |
| Recurring financial income75 | €1,906 | €5,655 | €7,406 | €1,179 | ▼ 84.1% |
| Financial charges65/66B | - | - | - | €46,143 | - |
| Recurring financial charges65 | €48,257 | €58,398 | €31,391 | €46,143 | ▲ 47.0% |
| Profit (loss) for the period before taxes9903 | €85,125 | -€104,010 | -€55,155 | €130,179 | - |
| Income taxes67/77 | €15,543 | €532 | €325 | €337 | ▲ 3.7% |
| Profit (loss) for the period9904 | €69,582 | -€104,542 | -€55,479 | €129,842 | - |
| Profit (loss) for the period to be appropriated9905 | €69,582 | -€104,542 | -€55,479 | €129,842 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 11.2% |
| Fixed assets21/28 | €0.05m | €0.02m | €0.01m | €0.003m | ▼ 71.8% |
| Tangible fixed assets22/27 | €0.05m | €0.02m | €0.01m | €0.003m | ▼ 71.8% |
| Other tangible fixed assets26 | - | - | - | €0.003m | - |
| Current assets29/58 | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 12.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.5m | - |
| Other amounts receivable291 | - | - | - | €0.5m | - |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 42.1% |
| Stocks30/36 | - | - | - | €0.2m | - |
| Contracts in progress37 | - | - | - | €0.1m | - |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.07m | €0.2m | ▲ 227% |
| Trade receivables40 | - | - | - | €0.2m | - |
| Other amounts receivable41 | - | - | - | €0.01m | - |
| Cash at bank and in hand54/58 | €0.08m | €0.02m | €0.05m | €0.03m | ▼ 47.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 11.2% |
| Equity10/15 | €0.2m | €0.06m | €0.001m | €0.1m | ▲ 168× |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | - |
| Issued capital100 | - | - | - | €0.2m | - |
| Reserves13 | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | - |
| Legal reserve130 | - | - | - | €0.02m | - |
| Distributable reserves133 | - | - | - | €0.05m | - |
| Profit (loss) carried forward14 | -€0.05m | -€0.2m | -€0.2m | -€0.08m | ▲ 60.6% |
| Amounts payable17/49 | €0.8m | €0.8m | €0.9m | €0.9m | ▼ 2.9% |
| Amounts payable after more than one year17 | €0.04m | €0.03m | €0.1m | €0.1m | ▲ 1.6% |
| Other amounts payable178/9 | - | - | - | €0.1m | - |
| Amounts payable within one year42/48 | €0.7m | €0.8m | €0.8m | €0.8m | ▼ 3.8% |
| Financial debts43 | - | - | - | €0.3m | - |
| Credit institutions430/8 | - | - | - | €0.3m | - |
| Trade debts44 | €0.5m | €0.5m | €0.4m | €0.4m | ▲ 10.4% |
| Suppliers440/4 | - | - | - | €0.4m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | - |
| Taxes450/3 | - | - | - | €0.01m | - |
| Remuneration and social security454/9 | - | - | - | €0.06m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,582 | -€104,542 | -€55,479 | €129,842 | - |
| + Depreciation and write-downs630 | €27,384 | €23,915 | €11,826 | €7,989 | ▼ 32.4% |
| Operating cash flow (approximation) | €96,966 | -€80,627 | -€43,653 | €137,831 | - |
| Investment in fixed assets (approximation) | - | €0 | €549 | €0 | ▼ 100% |
| Change in cash | - | -€63,052 | €31,633 | -€23,865 | - |
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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 16-05-2022 | 2022-20027201 | |
| 31-12-2020 | abbreviated format | 03-05-2021 | 2021-13500331 | |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-25500065 | |
| 31-12-2018 | abbreviated format | 27-02-2019 | 2019-06200507 | |
| 31-12-2017 | abbreviated format | 16-07-2018 | 2018-33600413 | |
| 31-12-2016 | abbreviated format | 08-05-2017 | 2017-11500229 | |
| 31-12-2015 | abbreviated format | 03-05-2016 | 2016-11600509 | |
| 31-10-2014 | abbreviated format | 20-03-2015 | 2015-06900115 | |
| 31-03-2014 | abbreviated format | 01-10-2014 | 2014-63500551 | |
| 31-03-2013 | abbreviated format | 31-10-2013 | 2013-65200226 |