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Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 29 days after the deadline 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, 2024-00412941.
Annual accounts 2023 filed on 29-08-2024 PDF all 3 filings
Equity
€4,941▼ 27.9%
2022 · €6,857
Total assets
€8,820▼ 25.8%
2022 · €11,894
Net result
-€1,915
2022 · €968
Working capital
€4,941▼ 27.9%
2022 · €6,857
Multi-year overview
2021 to 2023, 3 financial yearsOperating result
-€2,153
2023
20212023
Net result
-€1,915
2023
lowest quarter of the sector
20212023
Equity
€4,941
▼ 27.9%
2023
lowest quarter of the sector
20212023
Total assets
€8,820
▼ 25.8%
2023
lowest quarter of the sector
20212023
Debt
€3,879
▼ 23.0%
2023
20212023
Working capital
€4,941
▼ 27.9%
2023
middle half of the sector
20212023
Solvency
56.0%
▼ 1.6pp
2023
middle half of the sector
20212023
Current ratio
2.27
▼ 0.09
2023
middle half of the sector
20212023
Return on assets (ROA)
-21.7%
▼ 29.9pp
2023
lowest quarter of the sector
20212023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023
Operating result€4,101-€1,838▼ 55.2%-€2,153
Net result€2,888within the sector's middle half-€968within the sector's middle half▼ 66.5%-€1,915below the sector's middle half
Equity€5,888below the sector's middle half-€6,857below the sector's middle half▲ 16.4%€4,941below the sector's middle half▼ 27.9%
Total assets€10,821below the sector's middle half-€11,894below the sector's middle half▲ 9.9%€8,820below the sector's middle half▼ 25.8%
Debt€4,932-€5,037▲ 2.1%€3,879▼ 23.0%
Working capital€5,888within the sector's middle half-€6,857within the sector's middle half▲ 16.4%€4,941within the sector's middle half▼ 27.9%
Solvency54.4%within the sector's middle half-57.6%within the sector's middle half▲ 3.2pp56.0%within the sector's middle half▼ 1.6pp
Current ratio2.19within the sector's middle half-2.36within the sector's middle half▲ 0.172.27within the sector's middle half▼ 0.09
Return on assets (ROA)26.7%above the sector's middle half-8.1%within the sector's middle half▼ 18.6pp-21.7%below the sector's middle half▼ 29.9pp
above
within
below
The sector band is the middle half of the companies in Computing infrastructure, data processing, hosting and other information service activities (NACE 63). 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 2023 is a loss of €2,153, after a profit of €1,838 in 2022. It is the lowest result since 2021.
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 €8,820
Equity
€4,941 ▼ 27.9%
Debt
€3,879 ▼ 23.0%
Debt's share of the balance-sheet total rises from 42.4% to 44.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.78▲
2022 · 0.73
ROE
-38.8%▼
2022 · 14.1%
Debt ≤ 1 year
€3,879▼
2022 · €5,037
Income taxes
-€297▼
2022 · €800
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2023 · 1 entry · €525 paidAnnual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,192 | - | - | - |
| Other operating charges640/8 | €348 | €348 | €785 | ▲ 126% |
| Gross operating margin9900 | €5,640 | €2,186 | -€1,368 | - |
| Operating profit (loss)9901 | €4,101 | €1,838 | -€2,153 | - |
| Financial income75/76B | - | €5 | €2 | ▼ 67.9% |
| Recurring financial income75 | - | €5 | €2 | ▼ 67.9% |
| Financial charges65/66B | €13 | €75 | €61 | ▼ 18.6% |
| Recurring financial charges65 | €13 | €75 | €61 | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | €4,088 | €1,768 | -€2,212 | - |
| Income taxes67/77 | €1,200 | €800 | -€297 | - |
| Profit (loss) for the period9904 | €2,888 | €968 | -€1,915 | - |
| Profit (loss) for the period to be appropriated9905 | €2,888 | €968 | -€1,915 | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10,821 | €11,894 | €8,820 | ▼ 25.8% |
| Current assets29/58 | €10,821 | €11,894 | €8,820 | ▼ 25.8% |
| Amounts receivable within one year40/41 | €1,964 | €3,749 | €6,117 | ▲ 63.2% |
| Trade receivables40 | €1,964 | €993 | €3,145 | ▲ 217% |
| Other amounts receivable41 | - | €2,755 | €2,972 | ▲ 7.9% |
| Cash at bank and in hand54/58 | €8,857 | €8,145 | €2,535 | ▼ 68.9% |
| Deferred charges and accrued income490/1 | - | - | €168 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10,821 | €11,894 | €8,820 | ▼ 25.8% |
| Equity10/15 | €5,888 | €6,857 | €4,941 | ▼ 27.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €2,888 | €3,857 | €1,941 | ▼ 49.7% |
| Amounts payable17/49 | €4,932 | €5,037 | €3,879 | ▼ 23.0% |
| Amounts payable within one year42/48 | €4,932 | €5,037 | €3,879 | ▼ 23.0% |
| Trade debts44 | €2,280 | €1,394 | €1,570 | ▲ 12.6% |
| Suppliers440/4 | €2,280 | €1,394 | €1,570 | ▲ 12.6% |
| Taxes, remuneration and social security45 | €2,638 | €3,643 | €2,309 | ▼ 36.6% |
| Taxes450/3 | €2,638 | €3,643 | €2,309 | ▼ 36.6% |
| Other amounts payable47/48 | €14 | - | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,888 | €968 | -€1,915 | - |
| + Depreciation and write-downs630 | €1,192 | - | - | - |
| Operating cash flow (approximation) | €4,080 | €968 | -€1,915 | - |
| Change in cash | - | -€711 | -€5,610 | ▼ 689% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.