TECHCORP
Dissolved and wound up on 31-03-2022Financials · financial year 2021, abbreviated format
Annual accounts 2021 filed on 17-03-2022 PDF all 14 filings
Turnover
≈ €250,000
Estimated: probably between €150,000 and €480,000
Total assets
€119,279▼ 79.2%
2020 · €574,702
Net result
-€38,936
2020 · €92,859
Working capital
€94,195▼ 33.9%
2020 · €142,516
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€86,778
▼ 37.8%
2021
20182021
Net result
-€38,936
2021
20182021
Equity
€94,991
▼ 48.4%
2021
20182021
Total assets
€119,279
▼ 79.2%
2021
20182021
Debt
€24,289
▼ 93.8%
2021
20182021
Working capital
€94,195
▼ 33.9%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€56,873-€22,526▼ 60.4%€139,443▲ 519%€86,778▼ 37.8%
Net result€25,960-€3,407▼ 86.9%€92,859▲ 27×-€38,936
Equity€87,660-€91,067▲ 3.9%€183,926▲ 102%€94,991▼ 48.4%
Total assets€811,302-€556,090▼ 31.5%€574,702▲ 3.3%€119,279▼ 79.2%
Debt€723,642-€465,023▼ 35.7%€390,776▼ 16.0%€24,289▼ 93.8%
Working capital-€96,317-€130,188€142,516▲ 9.5%€94,195▼ 33.9%
The operating result for 2021 is 38% lower than in 2020.
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 €119,279
Fixed assets
€795 ▼ 99.8%
Current assets
€118,484 ▼ 53.0%
Equity and liabilities €119,279
Equity
€94,991 ▼ 48.4%
Debt
€24,289 ▼ 93.8%
Debt's share of the balance-sheet total falls from 68.0% to 20.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€90,075▼
2020 · €142,622
Cash flow
-€35,638▼
2020 · €96,038
Current ratio
4.88▲
2020 · 2.30
ROE
-41.0%▼
2020 · 50.5%
ROA
-32.6%▼
2020 · 16.2%
Debt ≤ 1 year
€24,289▼
2020 · €109,468
Income taxes
€17,209▼
2020 · €36,295
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,040 | €13,513 | €3,179 | €3,298 | ▲ 3.7% |
| Gross operating margin9900 | €90,680 | €39,009 | €148,792 | €90,435 | ▼ 39.2% |
| Operating profit (loss)9901 | €56,873 | €22,526 | €139,443 | €86,778 | ▼ 37.8% |
| Recurring financial income75 | €0 | €3 | - | - | - |
| Recurring financial charges65 | €14,565 | €16,144 | €10,289 | €22,504 | ▲ 119% |
| Profit (loss) for the period before taxes9903 | €42,309 | €6,386 | €129,154 | -€21,726 | - |
| Income taxes67/77 | €16,349 | €2,979 | €36,295 | €17,209 | ▼ 52.6% |
| Profit (loss) for the period9904 | €25,960 | €3,407 | €92,859 | -€38,936 | - |
| Profit (loss) for the period to be appropriated9905 | €25,960 | €3,407 | €92,859 | -€38,936 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €811,302 | €556,090 | €574,702 | €119,279 | ▼ 79.2% |
| Fixed assets21/28 | €768,416 | €330,328 | €322,718 | €795 | ▼ 99.8% |
| Tangible fixed assets22/27 | €632,416 | €41,703 | €4,093 | €795 | ▼ 80.6% |
| Financial fixed assets28 | €136,000 | €288,625 | €318,625 | - | - |
| Current assets29/58 | €42,887 | €225,762 | €251,984 | €118,484 | ▼ 53.0% |
| Amounts receivable within one year40/41 | €3,701 | €9,900 | €92,436 | €64,249 | ▼ 30.5% |
| Cash at bank and in hand54/58 | €24,531 | €215,861 | €158,895 | €54,235 | ▼ 65.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €811,302 | €556,090 | €574,702 | €119,279 | ▼ 79.2% |
| Equity10/15 | €87,660 | €91,067 | €183,926 | €94,991 | ▼ 48.4% |
| Contributions10/11 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €94,719 | €94,719 | = |
| Profit (loss) carried forward14 | €67,200 | €70,607 | €70,607 | -€18,329 | - |
| Amounts payable17/49 | €723,642 | €465,023 | €390,776 | €24,289 | ▼ 93.8% |
| Amounts payable after more than one year17 | €584,433 | €369,418 | €281,308 | - | - |
| Amounts payable within one year42/48 | €139,204 | €95,573 | €109,468 | €24,289 | ▼ 77.8% |
| Trade debts44 | €644 | €10,262 | €2,404 | €785 | ▼ 67.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,960 | €3,407 | €92,859 | -€38,936 | - |
| + Depreciation and write-downs630 | €27,040 | €13,513 | €3,179 | €3,298 | ▲ 3.7% |
| Operating cash flow (approximation) | €53,000 | €16,920 | €96,038 | -€35,638 | - |
| Investment in fixed assets (approximation) | - | €424,574 | €4,431 | €318,625 | ▲ 72× |
| Change in cash | - | €191,330 | -€56,966 | -€104,661 | ▼ 83.7% |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 17-03-2022 | 2022-07800391 | |
| 31-12-2020 | abbreviated format | 26-02-2021 | 2021-06300565 | |
| 31-12-2019 | abbreviated format | 06-04-2020 | 2020-08600330 | |
| 31-12-2018 | abbreviated format | 28-06-2019 | 2019-24900271 | |
| 31-12-2017 | abbreviated format | 13-06-2018 | 2018-18900368 | |
| 31-12-2016 | abbreviated format | 21-04-2017 | 2017-10200063 | |
| 31-12-2015 | abbreviated format | 29-06-2016 | 2016-23800566 | |
| 31-12-2014 | abbreviated format | 30-04-2015 | 2015-11100498 | |
| 31-12-2013 | abbreviated format | 11-07-2014 | 2014-29400130 | |
| 31-12-2012 | abbreviated format | 19-07-2013 | 2013-32400095 |