THONICKS
InactiveFinancials · financial year 2021, abbreviated format
Annual accounts 2021 filed on 05-07-2022 PDF all 27 filings
Turnover
€490,841▼ 12.9%
2020 · €563,775
EBIT margin
0.8%▼ 11.1pp
2020 · 11.9%
Net result
€5,703▼ 89.3%
2020 · €53,355
Working capital
€139,221▼ 0.1%
2020 · €139,418
Multi-year overview
2018 to 2021, 4 financial yearsTurnover
€490,841
▼ 12.9%
2021
20182021
Operating result
€3,729
▼ 94.4%
2021
20182021
Net result
€5,703
▼ 89.3%
2021
20182021
EBIT margin
0.8%
▼ 11.1pp
2021
20182021
Equity
€146,830
▲ 4.0%
2021
20182021
Total assets
€200,099
▲ 3.3%
2021
20182021
Debt
€53,269
▲ 1.4%
2021
20182021
Working capital
€139,221
▼ 0.1%
2021
20182021
Staff (FTE)
1.1
▼ 31.3%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€557,636-€558,383▲ 0.1%€563,775▲ 1.0%€490,841▼ 12.9%
Operating result€2,445-€37,337▲ 15×€66,868▲ 79.1%€3,729▼ 94.4%
Net result€3,059-€25,604▲ 737%€53,355▲ 108%€5,703▼ 89.3%
EBIT margin0.4%-6.7%▲ 6.2pp11.9%▲ 5.2pp0.8%▼ 11.1pp
Equity€62,168-€87,772▲ 41.2%€141,127▲ 60.8%€146,830▲ 4.0%
Total assets€155,707-€159,367▲ 2.4%€193,684▲ 21.5%€200,099▲ 3.3%
Debt€93,539-€71,595▼ 23.5%€52,557▼ 26.6%€53,269▲ 1.4%
Working capital€59,310-€85,728▲ 44.5%€139,418▲ 62.6%€139,221▼ 0.1%
Staff (FTE)2.6-2.4▼ 7.7%1.6▼ 33.3%1.1▼ 31.3%
The operating result for 2021 is 94% lower than in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €200,099
Fixed assets
€16,424 ▲ 848%
Current assets
€183,675 ▼ 4.3%
Equity and liabilities €200,099
Equity
€146,830 ▲ 4.0%
Debt
€53,269 ▲ 1.4%
Debt's share of the balance-sheet total falls from 27.1% to 26.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,363▼
2020 · €67,442
Cash flow
€9,337▼
2020 · €53,929
Current ratio
4.13▲
2020 · 3.65
Quick ratio
1.53▲
2020 · 1.32
Debt to equity
0.36
ROE
3.9%▼
2020 · 37.8%
ROA
2.9%▼
2020 · 27.5%
Interest coverage
6.19
Debt ≤ 1 year
€44,454▼
2020 · €52,533
Debt > 1 year
€8,815
Income taxes
€1,575▼
2020 · €15,122
Customer credit
22 days▲
2020 · 22 days
Supplier credit
27 days
Staff costs
€64,011
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.8 |
| Average over the year, in full-time equivalents | 1.1 |
| On a permanent contract | 1 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2021 annual accounts
Securities and guarantees
| Item | 2021 |
|---|---|
| Debts secured on the company's own assets | €13,442 |
Source: notes to the 2021 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €18,335 |
| Depreciation and write-downs of the year | €3,634 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €557,636 | €558,383 | €563,775 | €490,841 | ▼ 12.9% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €418,870 | - |
| Remuneration, social security and pensions62 | - | - | - | €64,011 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €575 | €575 | €574 | €3,634 | ▲ 533% |
| Other operating charges640/8 | - | - | - | €1,470 | - |
| Gross operating margin9900 | €136,042 | €158,704 | €165,750 | €72,844 | ▼ 56.1% |
| Operating profit (loss)9901 | €2,445 | €37,337 | €66,868 | €3,729 | ▼ 94.4% |
| Financial income75/76B | - | - | - | €4,739 | - |
| Recurring financial income75 | €3,774 | €2,052 | €2,361 | €4,739 | ▲ 101% |
| Financial charges65/66B | - | - | - | €1,190 | - |
| Recurring financial charges65 | €860 | €1,008 | €752 | €1,190 | ▲ 58.2% |
| Profit (loss) for the period before taxes9903 | €5,359 | €38,381 | €68,477 | €7,278 | ▼ 89.4% |
| Income taxes67/77 | €2,300 | €12,777 | €15,122 | €1,575 | ▼ 89.6% |
| Profit (loss) for the period9904 | €3,059 | €25,604 | €53,355 | €5,703 | ▼ 89.3% |
| Profit (loss) for the period to be appropriated9905 | €3,059 | €25,604 | €53,355 | €5,703 | ▼ 89.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €155,707 | €159,367 | €193,684 | €200,099 | ▲ 3.3% |
| Fixed assets21/28 | €2,882 | €2,307 | €1,733 | €16,424 | ▲ 848% |
| Tangible fixed assets22/27 | €2,872 | €2,297 | €1,723 | €16,424 | ▲ 853% |
| Furniture and vehicles24 | - | - | - | €15,275 | - |
| Other tangible fixed assets26 | - | - | - | €1,149 | - |
| Financial fixed assets28 | €10 | €10 | €10 | - | - |
| Current assets29/58 | €152,825 | €157,060 | €191,951 | €183,675 | ▼ 4.3% |
| Stocks and contracts in progress3 | €105,103 | €91,938 | €122,376 | €115,796 | ▼ 5.4% |
| Stocks30/36 | - | - | - | €115,796 | - |
| Amounts receivable within one year40/41 | €39,079 | €57,016 | €33,564 | €35,966 | ▲ 7.2% |
| Trade receivables40 | - | - | - | €29,759 | - |
| Other amounts receivable41 | - | - | - | €6,207 | - |
| Current investments50/53 | - | €570 | - | - | - |
| Cash at bank and in hand54/58 | €8,643 | €7,536 | €33,735 | €28,938 | ▼ 14.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,975 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €155,707 | €159,367 | €193,684 | €200,099 | ▲ 3.3% |
| Equity10/15 | €62,168 | €87,772 | €141,127 | €146,830 | ▲ 4.0% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | - |
| Reserves13 | €43,359 | €68,859 | €122,359 | €127,859 | ▲ 4.5% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | - |
| Distributable reserves133 | - | - | - | €126,000 | - |
| Profit (loss) carried forward14 | €217 | €321 | €176 | €379 | ▲ 115% |
| Amounts payable17/49 | €93,539 | €71,595 | €52,557 | €53,269 | ▲ 1.4% |
| Amounts payable after more than one year17 | - | - | - | €8,815 | - |
| Financial debts170/4 | - | - | - | €8,815 | - |
| Amounts payable within one year42/48 | €93,515 | €71,332 | €52,533 | €44,454 | ▼ 15.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,732 | - |
| Financial debts43 | - | - | - | €1,895 | - |
| Credit institutions430/8 | - | - | - | €1,895 | - |
| Trade debts44 | €23,853 | €27,824 | - | €31,451 | - |
| Suppliers440/4 | - | - | - | €31,451 | - |
| Taxes, remuneration and social security45 | - | - | - | €7,123 | - |
| Taxes450/3 | - | - | - | €1,452 | - |
| Remuneration and social security454/9 | - | - | - | €5,671 | - |
| Other amounts payable47/48 | - | - | - | €1,253 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,059 | €25,604 | €53,355 | €5,703 | ▼ 89.3% |
| + Depreciation and write-downs630 | €575 | €575 | €574 | €3,634 | ▲ 533% |
| Operating cash flow (approximation) | €3,634 | €26,179 | €53,929 | €9,337 | ▼ 82.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€18,325 | - |
| Change in cash | - | -€1,107 | €26,199 | -€4,797 | - |
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 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 05-07-2022 | 2022-20134834 | |
| 31-12-2020 | abbreviated format | 18-06-2021 | 2021-21300507 | |
| 31-12-2019 | abbreviated format | 17-06-2020 | 2020-17900103 | |
| 31-12-2018 | abbreviated format | 18-06-2019 | 2019-19600461 | |
| 31-12-2017 | abbreviated format | 20-06-2018 | 2018-21100589 | |
| 31-12-2016 | abbreviated format | 21-06-2017 | 2017-19300467 | |
| 31-12-2015 | abbreviated format | 21-06-2016 | 2016-19700290 | |
| 31-12-2014 | abbreviated format | 02-07-2015 | 2015-26100476 | |
| 31-12-2013 | abbreviated format | 24-06-2014 | 2014-20900233 | |
| 31-12-2012 | abbreviated format | 26-06-2013 | 2013-21700449 |