TATE
InactiveFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 25-07-2024 PDF all 21 filings
Equity
€8,668▼ 42.8%
2022 · €15,162
Total assets
€83,758▼ 19.5%
2022 · €104,033
Net result
-€6,494
2022 · €39,972
Working capital
€34,131▼ 16.0%
2022 · €40,625
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a loss of €5,666, after a profit of €83,687 in 2022. It is the lowest result since 2019.
Operating result-€5,666
2023
Net result-€6,494
2023
Total assets€83,758
2023
Equity€8,668
2023
Debt€75,090
2023
Working capital€34,131
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
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€213,377-€40,327▼ 81.1%€20,443▼ 49.3%€81,067▲ 297%€83,687▲ 3.2%-€5,666
Net result€105,921-€16,697▼ 84.2%€12,936▼ 22.5%€49,068▲ 279%€39,972▼ 18.5%-€6,494
Equity-€103,511--€86,814▲ 16.1%-€73,878▲ 14.9%-€24,810▲ 66.4%€15,162€8,668▼ 42.8%
Total assets€816,741-€17,339▼ 97.9%€802,514▲ 46×€610,025▼ 24.0%€104,033▼ 82.9%€83,758▼ 19.5%
Debt€920,252-€104,153▼ 88.7%€876,392▲ 741%€634,835▼ 27.6%€88,871▼ 86.0%€75,090▼ 15.5%
Working capital€448,305--€61,351-€28,415▲ 53.7%€654€40,625▲ 62×€34,131▼ 16.0%
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €83,758
Equity
€8,668 ▼ 42.8%
Debt
€75,090 ▼ 15.5%
Debt's share of the balance-sheet total rises from 85.4% to 89.7%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.69▲
2022 · 1.64
Debt to equity
8.66▲
2022 · 5.86
ROE
-74.9%▼
2022 · 263.6%
ROA
-7.8%▼
2022 · 38.4%
Debt ≤ 1 year
€49,627▼
2022 · €63,408
Debt > 1 year
€25,463=
2022 · €25,463
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 |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,242 | €102 | €2,263 | ▲ 22× |
| Gross operating margin9900 | €217,101 | €41,293 | €20,718 | €82,309 | €83,789 | -€3,404 | - |
| Operating profit (loss)9901 | €213,377 | €40,327 | €20,443 | €81,067 | €83,687 | -€5,666 | - |
| Financial income75/76B | - | - | - | - | €31 | - | - |
| Recurring financial income75 | €346 | €1 | €410 | - | €31 | - | - |
| Financial charges65/66B | - | - | - | €15,521 | €29,196 | €828 | ▼ 97.2% |
| Recurring financial charges65 | €58,904 | €15,926 | €4,300 | €15,521 | €29,196 | €828 | ▼ 97.2% |
| Profit (loss) for the period before taxes9903 | €154,819 | €24,402 | €16,553 | €65,546 | €54,522 | -€6,494 | - |
| Income taxes67/77 | €48,898 | €7,705 | €3,617 | €16,478 | €14,551 | - | - |
| Profit (loss) for the period9904 | €105,921 | €16,697 | €12,936 | €49,068 | €39,972 | -€6,494 | - |
| Profit (loss) for the period to be appropriated9905 | €105,921 | €16,697 | €12,936 | €49,068 | €39,972 | -€6,494 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €816,741 | €17,339 | €802,514 | €610,025 | €104,033 | €83,758 | ▼ 19.5% |
| Current assets29/58 | €816,741 | €17,339 | €802,514 | €610,025 | €104,033 | €83,758 | ▼ 19.5% |
| Stocks and contracts in progress3 | €366,825 | - | €742,329 | €597,392 | - | - | - |
| Stocks30/36 | - | - | - | €597,392 | - | - | - |
| Amounts receivable within one year40/41 | €60,730 | €1,640 | €1,640 | €4,254 | €49,331 | €66,831 | ▲ 35.5% |
| Trade receivables40 | - | - | - | €2,614 | - | - | - |
| Other amounts receivable41 | - | - | - | €1,640 | €49,331 | €66,831 | ▲ 35.5% |
| Cash at bank and in hand54/58 | €129,186 | €15,698 | €58,545 | €8,379 | €54,702 | €16,927 | ▼ 69.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €816,741 | €17,339 | €802,514 | €610,025 | €104,033 | €83,758 | ▼ 19.5% |
| Equity10/15 | -€103,511 | -€86,814 | -€73,878 | -€24,810 | €15,162 | €8,668 | ▼ 42.8% |
| Contributions10/11 | €88,500 | €88,500 | €88,500 | €88,500 | €88,500 | €88,500 | = |
| Capital10 | - | - | - | €88,500 | €88,500 | €88,500 | = |
| Issued capital100 | - | - | - | €88,500 | €88,500 | €88,500 | = |
| Reserves13 | €223 | €223 | €223 | €223 | €223 | €223 | = |
| Non-distributable reserves130/1 | - | - | - | €223 | €223 | €223 | = |
| Legal reserve130 | - | - | - | €223 | €223 | €223 | = |
| Profit (loss) carried forward14 | -€192,234 | -€175,537 | -€162,601 | -€113,533 | -€73,561 | -€80,055 | ▼ 8.8% |
| Amounts payable17/49 | €920,252 | €104,153 | €876,392 | €634,835 | €88,871 | €75,090 | ▼ 15.5% |
| Amounts payable after more than one year17 | €551,816 | €25,463 | €45,463 | €25,463 | €25,463 | €25,463 | = |
| Financial debts170/4 | - | - | - | €25,463 | €25,463 | €25,463 | = |
| Amounts payable within one year42/48 | €368,436 | €78,690 | €830,929 | €609,372 | €63,408 | €49,627 | ▼ 21.7% |
| Financial debts43 | - | - | - | €424,603 | - | - | - |
| Credit institutions430/8 | - | - | - | €424,603 | - | - | - |
| Trade debts44 | €3,608 | €1,167 | €54,789 | - | €9,330 | €26,577 | ▲ 185% |
| Suppliers440/4 | - | - | - | - | €9,330 | €26,577 | ▲ 185% |
| Taxes, remuneration and social security45 | - | - | - | €23,069 | €37,620 | €6,592 | ▼ 82.5% |
| Taxes450/3 | - | - | - | €23,069 | €37,620 | €6,592 | ▼ 82.5% |
| Other amounts payable47/48 | - | - | - | €161,699 | €16,458 | €16,458 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,921 | €16,697 | €12,936 | €49,068 | €39,972 | -€6,494 | - |
| Operating cash flow (approximation) | €105,921 | €16,697 | €12,936 | €49,068 | €39,972 | -€6,494 | - |
| Change in cash | - | -€113,488 | €42,846 | -€50,166 | €46,324 | -€37,775 | - |
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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 25-07-2024 | 2024-00313283 | |
| 31-12-2022 | micro format | 12-10-2023 | 2023-00487350 | |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20478695 | |
| 31-12-2020 | micro format | 31-07-2021 | 2021-45200573 | |
| 31-12-2019 | micro format | 08-10-2020 | 2020-61000385 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-53800110 | |
| 31-12-2017 | micro format | 19-07-2018 | 2018-34800300 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-57500222 | |
| 31-12-2015 | abbreviated format | 12-07-2016 | 2016-30200509 | |
| 31-12-2014 | abbreviated format | 22-10-2015 | 2015-65300258 |