TECHNICAL LOGISTIC SYSTEM
InactiveFinancials · financial year 2023, full format
2023 annual accounts filed late (29 days) Filed on 29 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00397685.
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€605,126
EBIT margin
-0.4%
Net result
-€3,537
2022 · €155,900
Working capital
€265,162▲ 41.4%
2022 · €187,566
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result turns negative in 2023: a loss of €2,987 after €208,779 in 2022, the lowest 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-€0.003m
2023
Net result-€0.004m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.4m
2023
Equity€0.3m
2023
Debt€0.005m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)1.3
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
Line201820192020202120222023
Turnover€0.6m
Operating result-€0.002m-€0.002m€0.1m▲ 41×-€0.002m€0.2m-€0.003m
Net result€146-€0.005m▲ 34×€0.1m▲ 20×-€276€0.2m-€0.004m
EBIT margin-0.4%
Equity€0.1m-€0.1m▲ 1.9%€0.2m▲ 88.9%€0.2m▼ 1.5%€0.4m▲ 75.6%€0.3m▼ 1.8%
Total assets€0.8m-€0.6m▼ 22.2%€1.0m▲ 61.5%€0.6m▼ 44.7%€0.9m▲ 54.7%€0.4m▼ 60.5%
Debt€0.7m-€0.5m▼ 25.7%€0.8m▲ 56.0%€0.4m▼ 55.3%€0.5m▲ 43.5%€0.005m▼ 99.1%
Working capital-€0.5m--€0.3m▲ 26.9%-€0.1m▲ 58.5%-€0.05m▲ 65.4%€0.2m€0.3m▲ 41.4%
Staff (FTE)3-3=2.1▼ 30.0%1.3▼ 38.1%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €354,107
Fixed assets
€84,000 ▼ 50.0%
Current assets
€270,107 ▼ 62.9%
Equity and liabilities €354,107
Equity
€349,162 ▼ 1.8%
Debt
€4,945 ▼ 99.1%
Debt's share of the balance-sheet total falls from 60.3% to 1.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€81,013▼
2022 · €292,779
Cash flow
€80,463▼
2022 · €239,900
Current ratio
54.63▲
2022 · 1.35
Debt to equity
0.01▼
2022 · 1.52
ROE
-1.0%▼
2022 · 43.8%
ROA
-1.0%▼
2022 · 17.4%
Interest coverage
23.71▼
2022 · over 100
Debt ≤ 1 year
€4,945▼
2022 · €540,149
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 |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €605,126 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €446,126 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €71,650 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €128,000 | €124,328 | €104,565 | €89,063 | €84,000 | €84,000 | = |
| Other operating charges640/8 | - | - | - | €757 | €640 | €384 | ▼ 39.9% |
| Gross operating margin9900 | €275,379 | €277,760 | €323,610 | €159,000 | €293,419 | €81,398 | ▼ 72.3% |
| Operating profit (loss)9901 | -€2,266 | €2,422 | €98,233 | -€2,470 | €208,779 | -€2,987 | - |
| Financial income75/76B | - | - | - | - | €2,866 | €2,866 | = |
| Recurring financial income75 | €0 | €13 | - | - | €2,866 | €2,866 | = |
| Financial charges65/66B | - | - | - | €497 | €442 | €3,417 | ▲ 673% |
| Recurring financial charges65 | €454 | €376 | €461 | €497 | €442 | €3,417 | ▲ 673% |
| Profit (loss) for the period before taxes9903 | -€2,720 | €2,059 | €97,771 | -€2,967 | €211,204 | -€3,537 | - |
| Transfer from deferred taxes780 | - | - | - | €2,866 | - | - | - |
| Income taxes67/77 | - | - | €961 | €175 | €55,304 | - | - |
| Profit (loss) for the period9904 | €146 | €4,925 | €99,677 | -€276 | €155,900 | -€3,537 | - |
| Profit (loss) for the period to be appropriated9905 | €146 | €4,925 | €99,677 | -€276 | €155,900 | -€3,537 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.8m | €0.6m | €1.0m | €0.6m | €0.9m | €0.4m | ▼ 60.5% |
| Fixed assets21/28 | €0.6m | €0.5m | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 50.0% |
| Intangible fixed assets21 | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 50.0% |
| Tangible fixed assets22/27 | €0.07m | €0.03m | €0.01m | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0 | - | - | - |
| Current assets29/58 | €0.3m | €0.2m | €0.7m | €0.3m | €0.7m | €0.3m | ▼ 62.9% |
| Amounts receivable within one year40/41 | €0.09m | €0.1m | €0.2m | €0.2m | €0.5m | €0.01m | ▼ 98.1% |
| Trade receivables40 | - | - | - | €0.1m | €0.4m | €0.01m | ▼ 97.4% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.08m | €0.5m | €0.08m | €0.2m | €0.2m | ▲ 22.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.004m | €0.01m | ▲ 227% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.8m | €0.6m | €1.0m | €0.6m | €0.9m | €0.4m | ▼ 60.5% |
| Equity10/15 | €0.1m | €0.1m | €0.2m | €0.2m | €0.4m | €0.3m | ▼ 1.8% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.03m | €0.03m | €0.1m | €0.1m | €0.3m | €0.3m | ▼ 1.2% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.3m | €0.3m | ▼ 1.3% |
| Investment grants15 | - | - | - | €0.009m | €0.006m | €0.003m | ▼ 50.0% |
| Amounts payable17/49 | €0.7m | €0.5m | €0.8m | €0.4m | €0.5m | €0.005m | ▼ 99.1% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.7m | €0.5m | €0.8m | €0.4m | €0.5m | €0.005m | ▼ 99.1% |
| Financial debts43 | - | - | - | €0.007m | - | - | - |
| Credit institutions430/8 | - | - | - | €0.007m | - | - | - |
| Trade debts44 | €414 | €0.009m | €339 | €0.2m | €0.4m | €0.001m | ▼ 99.8% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.001m | ▼ 99.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.06m | €0.001m | ▼ 98.1% |
| Taxes450/3 | - | - | - | €0.02m | €0.06m | €0.001m | ▼ 98.1% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.003m | ▼ 96.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €146 | €4,925 | €99,677 | -€276 | €155,900 | -€3,537 | - |
| + Depreciation and write-downs630 | €128,000 | €124,328 | €104,565 | €89,063 | €84,000 | €84,000 | = |
| Operating cash flow (approximation) | €128,145 | €129,252 | €204,242 | €88,787 | €239,900 | €80,463 | ▼ 66.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €7,468 | €0 | €0 | - |
| Change in cash | - | -€83,271 | €398,882 | -€402,124 | €121,192 | €44,840 | ▼ 63.0% |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 29-08-2024 | 2024-00397685 |
| 31-12-2022 | full format | 28-08-2023 | 2023-00372439 |
| 31-12-2021 | full format | 28-07-2022 | 2022-20249965 |
| 31-12-2020 | full format | 01-07-2021 | 2021-30300292 |
| 31-12-2019 | micro format | 19-08-2020 | 2020-42900236 |
| 31-12-2018 | micro format | 06-06-2019 | 2019-17300358 |
| 31-12-2017 | micro format | 14-06-2018 | 2018-18700088 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-53200558 |
| 31-12-2015 | full format | 23-09-2016 | 2016-61100139 |
| 31-12-2014 | full format | 31-08-2015 | 2015-55400239 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.