TECH8D
Bankruptcy closedFinancials · financial year 2023, micro format
Turnover
≈ €220,000
Estimated: probably between €140,000 and €380,000
Total assets
€594,607▲ 287%
2022 · €153,508
Net result
€47,133▲ 132%
2022 · €20,278
Working capital
-€110,403
2022 · €95,865
Trend over the years
2019 to 2023, 5 financial years
The operating result recovers in 2023; 2023 is 126% above 2022 and is 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€69,281
2023
Net result€47,133
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€594,607
2023
Equity€132,716
2023
Debt€461,891
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€110,403
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
Line20192020202120222023
Operating result€5,216-€36,992▲ 609%€55,374▲ 49.7%€30,609▼ 44.7%€69,281▲ 126%
Net result€2,237-€25,025▲ 11×€40,643▲ 62.4%€20,278▼ 50.1%€47,133▲ 132%
Equity€14,637-€34,662▲ 137%€75,306▲ 117%€95,583▲ 26.9%€132,716▲ 38.8%
Total assets€35,152-€85,521▲ 143%€161,718▲ 89.1%€153,508▼ 5.1%€594,607▲ 287%
Debt€20,515-€50,859▲ 148%€86,412▲ 69.9%€57,925▼ 33.0%€461,891▲ 697%
Working capital€14,116-€35,028▲ 148%€60,047▲ 71.4%€95,865▲ 59.7%-€110,403
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €594,607
Fixed assets
€575,976 ▲ 64×
Current assets
€18,631 ▼ 87.1%
Equity and liabilities €594,607
Equity
€132,716 ▲ 38.8%
Debt
€461,891 ▲ 697%
Debt's share of the balance-sheet total rises from 37.7% to 77.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71,318▲
2022 · €32,494
Cash flow
€49,170▲
2022 · €22,162
Current ratio
0.14▼
2022 · 2.97
Debt to equity
3.48▲
2022 · 0.61
ROE
35.5%▲
2022 · 21.2%
ROA
7.9%▼
2022 · 13.2%
Interest coverage
22.03▼
2022 · 26.15
Debt ≤ 1 year
€129,034▲
2022 · €48,630
Debt > 1 year
€332,857▲
2022 · €9,295
Income taxes
€18,921▲
2022 · €9,262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €47,705 | €4,513 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,923 | €7,172 | €3,270 | €1,885 | €2,037 | ▲ 8.1% |
| Other operating charges640/8 | - | - | €1,183 | €4,382 | €977 | ▼ 77.7% |
| Gross operating margin9900 | €20,518 | €55,668 | €107,532 | €41,389 | €72,295 | ▲ 74.7% |
| Operating profit (loss)9901 | €5,216 | €36,992 | €55,374 | €30,609 | €69,281 | ▲ 126% |
| Financial income75/76B | - | - | €194 | €173 | €10 | ▼ 94.2% |
| Recurring financial income75 | €0 | €15 | €194 | €173 | €10 | ▼ 94.2% |
| Financial charges65/66B | - | - | €423 | €1,243 | €3,238 | ▲ 161% |
| Recurring financial charges65 | €963 | €1,409 | €423 | €1,243 | €3,238 | ▲ 161% |
| Profit (loss) for the period before taxes9903 | €4,253 | €35,598 | €55,145 | €29,540 | €66,053 | ▲ 124% |
| Income taxes67/77 | €2,015 | €10,573 | €14,501 | €9,262 | €18,921 | ▲ 104% |
| Profit (loss) for the period9904 | €2,237 | €25,025 | €40,643 | €20,278 | €47,133 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €2,237 | €25,025 | €40,643 | €20,278 | €47,133 | ▲ 132% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,152 | €85,521 | €161,718 | €153,508 | €594,607 | ▲ 287% |
| Fixed assets21/28 | €12,208 | €6,438 | €35,451 | €9,013 | €575,976 | ▲ 64× |
| Tangible fixed assets22/27 | €9,538 | €3,768 | €32,781 | €6,343 | €4,306 | ▼ 32.1% |
| Plant, machinery and equipment23 | - | - | €2,571 | €1,938 | €1,324 | ▼ 31.7% |
| Furniture and vehicles24 | - | - | €30,210 | €4,404 | €2,983 | ▼ 32.3% |
| Financial fixed assets28 | €2,670 | €2,670 | €2,670 | €2,670 | €571,670 | ▲ 214× |
| Current assets29/58 | €22,944 | €79,083 | €126,266 | €144,495 | €18,631 | ▼ 87.1% |
| Stocks and contracts in progress3 | €2,000 | €1,850 | €7,346 | €6,111 | - | - |
| Stocks30/36 | - | - | €7,346 | €6,111 | - | - |
| Amounts receivable within one year40/41 | €20,944 | €38,671 | €45,444 | €125,197 | €11,647 | ▼ 90.7% |
| Trade receivables40 | - | - | €42,186 | €81,841 | €11,647 | ▼ 85.8% |
| Other amounts receivable41 | - | - | €3,257 | €43,355 | - | - |
| Cash at bank and in hand54/58 | - | €36,942 | €68,801 | €11,058 | €6,985 | ▼ 36.8% |
| Deferred charges and accrued income490/1 | - | - | €4,676 | €2,130 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,152 | €85,521 | €161,718 | €153,508 | €594,607 | ▲ 287% |
| Equity10/15 | €14,637 | €34,662 | €75,306 | €95,583 | €132,716 | ▲ 38.8% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2,237 | €22,262 | €62,906 | €83,183 | €120,316 | ▲ 44.6% |
| Non-distributable reserves130/1 | - | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | €61,046 | €83,183 | €120,316 | ▲ 44.6% |
| Amounts payable17/49 | €20,515 | €50,859 | €86,412 | €57,925 | €461,891 | ▲ 697% |
| Amounts payable after more than one year17 | €11,686 | €6,804 | €20,192 | €9,295 | €332,857 | ▲ 36× |
| Financial debts170/4 | - | - | €20,192 | €9,295 | €332,857 | ▲ 36× |
| Amounts payable within one year42/48 | €8,829 | €44,055 | €66,219 | €48,630 | €129,034 | ▲ 165% |
| Current portion of amounts payable after more than one year42 | - | - | €14,107 | €10,898 | €60,723 | ▲ 457% |
| Trade debts44 | €680 | €15,124 | €16,986 | €6,107 | €12,272 | ▲ 101% |
| Suppliers440/4 | - | - | €16,986 | €6,107 | €12,272 | ▲ 101% |
| Taxes, remuneration and social security45 | - | - | €31,991 | €28,614 | €44,032 | ▲ 53.9% |
| Taxes450/3 | - | - | €31,991 | €28,614 | €44,032 | ▲ 53.9% |
| Other amounts payable47/48 | - | - | €3,136 | €3,012 | €12,006 | ▲ 299% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,237 | €25,025 | €40,643 | €20,278 | €47,133 | ▲ 132% |
| + Depreciation and write-downs630 | €11,923 | €7,172 | €3,270 | €1,885 | €2,037 | ▲ 8.1% |
| Operating cash flow (approximation) | €14,160 | €32,197 | €43,914 | €22,162 | €49,170 | ▲ 122% |
| Investment in fixed assets (approximation) | - | -€1,402 | -€32,284 | €24,554 | -€569,000 | - |
| Change in cash | - | - | €31,860 | -€57,743 | -€4,074 | ▲ 92.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 13-06-2024 | 2024-00126270 |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00504426 |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20440129 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69800043 |
| 31-12-2019 | micro format | 01-10-2020 | 2020-58200107 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.