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THE OPEN IMMO

Inactive KBO/BCE: BE 0597.634.222
THE OPEN IMMO
Financial year 2020
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Annual accounts 2020

micro format, filed on 16-06-2021, 45 days before the deadline
Gross margin
€349,770
▼ 36.3%
Operating result
-€56,137
▼ €67,272
Loss
-€56,853
▼ €64,633
Working capital
-€83,288
▼ €4,430
Solvency
-7.8%
▼ 19.5 percentage points
Current ratio
0.69
▼ 0.03

The turnover shown is an estimate from the gross margin.

Turnover ≈ €700,000. Estimated: probably between €490,000 and €1.0m.

Balance sheet

balance sheet total €249,797 on 31-12-2020
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202020192018201720162015
Balance sheet: assets
Total assets20/58 249,797319,937422,671411,913298,924165,880
Fixed assets21/28 63,857116,280204,793194,680167,065153,755
Intangible fixed assets21 59,246111,310201,814193,572165,587153,755
Tangible fixed assets22/27 4,5414,9002,9791,1081,478-
Plant, machinery and equipment23 1,7462,7972,240---
Furniture and vehicles24 2396897391,1081,478-
Other tangible fixed assets26 2,5561,415----
Financial fixed assets28 7070----
Current assets29/58 185,940203,656217,879217,232131,85912,124
Stocks and contracts in progress3 19,60040,12050,354---
Stocks30/36 19,60040,12050,354---
Amounts receivable within one year40/41 165,838160,918151,918123,72999,000-
Trade receivables40 160,918160,918151,918120,00099,000-
Other amounts receivable41 4,919--3,729--
Cash at bank and in hand54/58 3522,60612,89680924,70812,124
Deferred charges and accrued income490/1 150122,71192,6948,151-
Balance sheet: equity and liabilities
Total equity and liabilities10/49 249,797319,937422,671411,913298,924165,880
Equity10/15 -19,43237,42123,44122,46618,22718,130
Contributions10/11 18,60018,60012,40012,40012,40012,400
Issued capital100 -18,60018,60018,60018,60018,600
Uncalled capital101 -06,2006,2006,2006,200
Contributions outside capital11 18,600-----
Share premium1100/10 18,600-----
Profit (loss) carried forward14 -38,03218,82111,04110,0665,8275,730
Amounts payable17/49 269,228282,515399,230389,446280,697147,750
Amounts payable after more than one year17 --31,86163,311--
Financial debts170/4 --31,86163,311--
Amounts payable within one year42/48 269,228282,515367,369326,136280,697127,750
Current portion of amounts payable after more than one year42 2,39631,86134,16036,287--
Trade debts44 123,658125,428153,767151,63024,648348
Suppliers440/4 123,658125,428153,767151,63024,648348
Taxes, remuneration and social security45 102,32044,83556,41585,82524,060-
Taxes450/3 101,86316,0817,11033,62720,909-
Remuneration and social security454/9 45628,75549,30452,1983,151-
Other amounts payable47/48 40,85580,391123,02852,393231,989127,402
Accrued charges and deferred income492/3 -----20,000
Income statement
Gross operating margin9900 349,770549,200524,676504,859114,92150,835
Remuneration, social security and pensions62 230,883430,086408,588313,27448,772-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 53,79392,16091,43371,12451,37638,439
Other operating charges640/8 121,23115,8181,612107,0247,489-
Operating profit (loss)9901 -56,13711,13523,04413,4377,28412,397
Financial income75/76B -3--5-
Recurring financial income75 -3--5-
Financial charges65/66B 7161,11618,9198,6195,0636,667
Recurring financial charges65 7161,11618,9198,6195,0636,667
Profit (loss) for the period before taxes9903 -56,85310,0224,1254,8182,2275,730
Income taxes67/77 -2,2423,1505782,130-
Profit (loss) for the period9904 -56,8537,7809754,240975,730
Profit (loss) for the period to be appropriated9905 -56,8537,7809754,240975,730
Appropriation of the result
Profit (loss) to be appropriated9906 -38,03218,82111,04110,0665,8275,730
Social balance sheet
Average staff (FTE)9087 -13.615.3---
Hours worked1013 -19,45619,731---
Document PDFPDFPDFPDFPDFPDF

Source: Annual accounts 2020 (PDF), filed on 16-06-2021.

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Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2020 micro format 16-06-2021 2021-21600207 PDF
31-12-2019 micro format 11-09-2020 2020-53000380 PDF
31-12-2018 full format 28-08-2019 2019-58600254 PDF
31-12-2017 full format 24-07-2018 2018-37700469 PDF
31-12-2016 full format 29-06-2017 2017-24900352 PDF
31-12-2015 full format 29-08-2016 2016-52300046 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202020192018201720162015
EBITDA -2,344103,295114,47684,56158,66050,835
Cash flow -3,06099,94092,40875,36351,47344,169
Investment in fixed assets 1,3703,648101,54598,73964,685192,194
Change in cash -2,254-10,29012,087-23,89912,584-
Working capital -83,288-78,859-149,491-108,903-148,838-115,625
Solvency -7.8%11.7%5.5%5.5%6.1%10.9%
Current ratio 0.690.720.590.670.470.09
Quick ratio 0.620.580.460.670.470.09
Debt to equity -7.5517.0317.3315.408.15
ROE -20.8%4.2%18.9%0.5%31.6%
ROA -22.8%2.4%0.2%1.0%0.0%3.5%

EBIT margin: not included in this filing.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on THE OPEN IMMO

The operating result for 2020 is a loss of €56,137, after a profit of €11,135 in 2019. It is the lowest result since 2015.

Equity is negative. Debt (€269,228) exceeds the balance-sheet total (€249,797).

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