THI
InactiveFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 25-03-2024 PDF all 5 filings
Turnover
≈ €140,000
Estimated: probably between €84,000 and €250,000
Total assets
€148,262▼ 2.6%
2022 · €152,297
Net result
€5,272▼ 79.0%
2022 · €25,126
Working capital
€55,557▲ 144%
2022 · €22,812
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€7,024
▼ 49.2%
2023
20192023
Net result
€5,272
▼ 79.0%
2023
20192023
Equity
€130,217
▲ 4.2%
2023
20192023
Total assets
€148,262
▼ 2.6%
2023
20192023
Debt
€18,045
▼ 34.0%
2023
20192023
Working capital
€55,557
▲ 144%
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€13,611-€2,083-€1,411€13,819€7,024▼ 49.2%
Net result-€15,042--€704▲ 95.3%-€4,435▼ 530%€25,126€5,272▼ 79.0%
Equity€104,958-€104,254▼ 0.7%€99,819▼ 4.3%€124,945▲ 25.2%€130,217▲ 4.2%
Total assets€242,457-€229,351▼ 5.4%€128,134▼ 44.1%€152,297▲ 18.9%€148,262▼ 2.6%
Debt€137,499-€125,097▼ 9.0%€28,315▼ 77.4%€27,352▼ 3.4%€18,045▼ 34.0%
Working capital-€22,708--€23,412▼ 3.1%-€847▲ 96.4%€22,812€55,557▲ 144%
The operating result for 2023 is 49% lower than in 2022.
Turnover and EBIT margin are 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 €148,262
Fixed assets
€74,660 ▼ 25.0%
Current assets
€73,602 ▲ 46.7%
Equity and liabilities €148,262
Equity
€130,217 ▲ 4.2%
Debt
€18,045 ▼ 34.0%
Debt's share of the balance-sheet total falls from 18.0% to 12.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,911▼
2022 · €39,353
Cash flow
€30,158▼
2022 · €50,659
Current ratio
4.08▲
2022 · 1.83
Debt to equity
0.14▼
2022 · 0.22
ROE
4.0%▼
2022 · 20.1%
ROA
3.6%▼
2022 · 16.5%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€18,045▼
2022 · €27,352
Income taxes
€2,589▲
2022 · €2,127
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €25,533 | €24,887 | ▼ 2.5% |
| Other operating charges640/8 | - | - | €348 | €348 | €384 | ▲ 10.6% |
| Non-recurring operating charges66A | - | - | - | - | €2,587 | - |
| Gross operating margin9900 | -€12,916 | €2,431 | -€1,064 | €39,700 | €34,882 | ▼ 12.1% |
| Operating profit (loss)9901 | -€13,611 | €2,083 | -€1,411 | €13,819 | €7,024 | ▼ 49.2% |
| Financial income75/76B | - | - | - | €13,500 | €945 | ▼ 93.0% |
| Recurring financial income75 | - | - | - | €13,500 | €945 | ▼ 93.0% |
| Financial charges65/66B | - | - | €3,024 | €66 | €108 | ▲ 64.1% |
| Recurring financial charges65 | €1,431 | €2,787 | €3,024 | €66 | €108 | ▲ 64.1% |
| Profit (loss) for the period before taxes9903 | -€15,042 | -€704 | -€4,435 | €27,253 | €7,861 | ▼ 71.2% |
| Income taxes67/77 | - | - | - | €2,127 | €2,589 | ▲ 21.7% |
| Profit (loss) for the period9904 | -€15,042 | -€704 | -€4,435 | €25,126 | €5,272 | ▼ 79.0% |
| Profit (loss) for the period to be appropriated9905 | -€15,042 | -€704 | -€4,435 | €25,126 | €5,272 | ▼ 79.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,457 | €229,351 | €128,134 | €152,297 | €148,262 | ▼ 2.6% |
| Formation expenses20 | €3,233 | €3,233 | €3,233 | €2,587 | - | - |
| Fixed assets21/28 | €124,433 | €124,433 | €124,433 | €99,546 | €74,660 | ▼ 25.0% |
| Intangible fixed assets21 | €124,433 | €124,433 | €124,433 | €99,546 | €74,660 | ▼ 25.0% |
| Current assets29/58 | €114,791 | €101,685 | €468 | €50,164 | €73,602 | ▲ 46.7% |
| Amounts receivable within one year40/41 | €20 | €198 | €410 | - | €59,009 | - |
| Other amounts receivable41 | - | - | €410 | - | €59,009 | - |
| Cash at bank and in hand54/58 | €114,771 | €101,487 | €58 | €50,164 | €14,593 | ▼ 70.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,457 | €229,351 | €128,134 | €152,297 | €148,262 | ▼ 2.6% |
| Equity10/15 | €104,958 | €104,254 | €99,819 | €124,945 | €130,217 | ▲ 4.2% |
| Contributions10/11 | €120,000 | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Capital10 | - | - | €120,000 | €120,000 | €120,000 | = |
| Issued capital100 | - | - | €120,000 | €120,000 | €120,000 | = |
| Reserves13 | - | - | - | - | €10,217 | - |
| Distributable reserves133 | - | - | - | - | €10,217 | - |
| Profit (loss) carried forward14 | -€15,042 | -€15,746 | -€20,181 | €4,945 | - | - |
| Amounts payable17/49 | €137,499 | €125,097 | €28,315 | €27,352 | €18,045 | ▼ 34.0% |
| Amounts payable after more than one year17 | - | - | €27,000 | - | - | - |
| Financial debts170/4 | - | - | €27,000 | - | - | - |
| Amounts payable within one year42/48 | €137,499 | €125,097 | €1,315 | €27,352 | €18,045 | ▼ 34.0% |
| Trade debts44 | €12,499 | €97 | €133 | €334 | €78 | ▼ 76.7% |
| Suppliers440/4 | - | - | €133 | €334 | €78 | ▼ 76.7% |
| Taxes, remuneration and social security45 | - | - | - | €9,282 | €4,717 | ▼ 49.2% |
| Taxes450/3 | - | - | - | €9,282 | €4,717 | ▼ 49.2% |
| Other amounts payable47/48 | - | - | €1,182 | €17,736 | €13,250 | ▼ 25.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,042 | -€704 | -€4,435 | €25,126 | €5,272 | ▼ 79.0% |
| + Depreciation and write-downs630 | - | - | - | €25,533 | €24,887 | ▼ 2.5% |
| Operating cash flow (approximation) | -€15,042 | -€704 | -€4,435 | €50,659 | €30,158 | ▼ 40.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€647 | €0 | - |
| Change in cash | - | -€13,284 | -€101,429 | €50,106 | -€35,571 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 21-12-2023 | micro format | 25-03-2024 | 2024-00048715 | |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00115549 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20116852 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28400577 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-26000465 |