TIME
InactiveFinancials · financial year 2022, micro format
2022 annual accounts filed late (30 days) Filed on 30 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00380877.
Equity
€20,688▼ 76.3%
2021 · €87,268
Total assets
€66,800▼ 55.1%
2021 · €148,852
Net result
-€66,580
2021 · €49,429
Working capital
€5,688▼ 91.4%
2021 · €66,007
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result turns negative in 2022: a loss of €66,364 after €50,245 in 2021, 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-€66,364
2022
Net result-€66,580
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€66,800
2022
Equity€20,688
2022
Debt€46,112
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5,688
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€11,284--€3,671▲ 67.5%€26,777€50,245▲ 87.6%-€66,364
Net result-€12,177--€5,789▲ 52.5%€25,264€49,429▲ 95.6%-€66,580
Equity€18,363-€12,574▼ 31.5%€37,839▲ 201%€87,268▲ 131%€20,688▼ 76.3%
Total assets€271,535-€222,977▼ 17.9%€174,636▼ 21.7%€148,852▼ 14.8%€66,800▼ 55.1%
Debt€253,172-€210,402▼ 16.9%€136,797▼ 35.0%€61,584▼ 55.0%€46,112▼ 25.1%
Working capital-€63,565--€74,965▼ 17.9%€24,108€66,007▲ 174%€5,688▼ 91.4%
Staff (FTE)6.8-6.4▼ 5.9%4.9▼ 23.4%2.7▼ 44.9%2▼ 25.9%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €66,800
Fixed assets
€15,000 ▼ 29.4%
Current assets
€51,800 ▼ 59.4%
Equity and liabilities €66,800
Equity
€20,688 ▼ 76.3%
Debt
€46,112 ▼ 25.1%
Debt's share of the balance-sheet total rises from 41.4% to 69.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.12▼
2021 · 2.07
Quick ratio
0.82▼
2021 · 1.85
Debt to equity
2.23▲
2021 · 0.71
ROE
-321.8%▼
2021 · 56.6%
ROA
-99.7%▼
2021 · 33.2%
Debt ≤ 1 year
€46,112▼
2021 · €61,584
Staff costs
€44,584▲
2021 · €17,114
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 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €436 | €200 | ▼ 54.0% |
| Remuneration, social security and pensions62 | - | - | - | €17,114 | €44,584 | ▲ 161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,895 | €20,687 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €903 | €9,146 | ▲ 913% |
| Gross operating margin9900 | €267,973 | €263,181 | €112,637 | €68,262 | -€12,633 | - |
| Operating profit (loss)9901 | -€11,284 | -€3,671 | €26,777 | €50,245 | -€66,364 | - |
| Financial income75/76B | - | - | - | €75 | €0 | ▼ 99.7% |
| Recurring financial income75 | €505 | €22 | €5 | €75 | €0 | ▼ 99.7% |
| Financial charges65/66B | - | - | - | €891 | €217 | ▼ 75.7% |
| Recurring financial charges65 | €1,398 | €2,140 | €1,517 | €891 | €217 | ▼ 75.7% |
| Profit (loss) for the period before taxes9903 | -€12,177 | -€5,789 | €25,264 | €49,429 | -€66,580 | - |
| Profit (loss) for the period9904 | -€12,177 | -€5,789 | €25,264 | €49,429 | -€66,580 | - |
| Profit (loss) for the period to be appropriated9905 | -€12,177 | -€5,789 | €25,264 | €49,429 | -€66,580 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271,535 | €222,977 | €174,636 | €148,852 | €66,800 | ▼ 55.1% |
| Fixed assets21/28 | €91,481 | €94,810 | €18,509 | €21,261 | €15,000 | ▼ 29.4% |
| Tangible fixed assets22/27 | €87,802 | €91,131 | €17,165 | €21,261 | €15,000 | ▼ 29.4% |
| Furniture and vehicles24 | - | - | - | €21,261 | €15,000 | ▼ 29.4% |
| Financial fixed assets28 | €3,679 | €3,679 | €1,344 | - | - | - |
| Current assets29/58 | €180,054 | €128,167 | €156,127 | €127,591 | €51,800 | ▼ 59.4% |
| Amounts receivable after more than one year29 | - | - | - | €1,044 | €1,044 | = |
| Other amounts receivable291 | - | - | - | €1,044 | €1,044 | = |
| Stocks and contracts in progress3 | €14,083 | €15,082 | - | €13,840 | €13,840 | = |
| Stocks30/36 | - | - | - | €13,840 | €13,840 | = |
| Amounts receivable within one year40/41 | €152,324 | €72,880 | €62,317 | €106,353 | €36,351 | ▼ 65.8% |
| Trade receivables40 | - | - | - | €42,100 | €7,221 | ▼ 82.8% |
| Other amounts receivable41 | - | - | - | €64,253 | €29,129 | ▼ 54.7% |
| Cash at bank and in hand54/58 | €13,647 | €39,379 | €92,207 | €3,986 | €354 | ▼ 91.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,368 | €211 | ▼ 91.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271,535 | €222,977 | €174,636 | €148,852 | €66,800 | ▼ 55.1% |
| Equity10/15 | €18,363 | €12,574 | €37,839 | €87,268 | €20,688 | ▼ 76.3% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Reserves13 | €4,310 | €4,310 | €19,247 | €68,676 | €2,096 | ▼ 96.9% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €66,816 | €236 | ▼ 99.6% |
| Profit (loss) carried forward14 | -€4,539 | -€10,328 | - | - | - | - |
| Amounts payable17/49 | €253,172 | €210,402 | €136,797 | €61,584 | €46,112 | ▼ 25.1% |
| Amounts payable after more than one year17 | €9,553 | €7,271 | €4,778 | - | - | - |
| Amounts payable within one year42/48 | €243,619 | €203,132 | €132,019 | €61,584 | €46,112 | ▼ 25.1% |
| Trade debts44 | €107,050 | €73,054 | €11,389 | €39,313 | €5,063 | ▼ 87.1% |
| Suppliers440/4 | - | - | - | €39,313 | €5,063 | ▼ 87.1% |
| Taxes, remuneration and social security45 | - | - | - | €7,083 | €21,938 | ▲ 210% |
| Taxes450/3 | - | - | - | €2,720 | €2,526 | ▼ 7.1% |
| Remuneration and social security454/9 | - | - | - | €4,363 | €19,412 | ▲ 345% |
| Other amounts payable47/48 | - | - | - | €15,189 | €19,111 | ▲ 25.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,177 | -€5,789 | €25,264 | €49,429 | -€66,580 | - |
| + Depreciation and write-downs630 | €16,895 | €20,687 | - | - | - | - |
| Operating cash flow (approximation) | €4,718 | €14,897 | €25,264 | €49,429 | -€66,580 | - |
| Investment in fixed assets (approximation) | - | -€24,015 | €76,302 | -€2,752 | €6,261 | - |
| Change in cash | - | €25,732 | €52,828 | -€88,220 | -€3,632 | ▲ 95.9% |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 30-08-2023 | 2023-00380877 |
| 31-12-2021 | micro format | 25-10-2022 | 2022-20471838 |
| 31-12-2020 | micro format | 26-10-2021 | 2021-73100424 |
| 31-12-2019 | micro format | 27-11-2020 | 2020-72400409 |
| 31-12-2018 | micro format | 30-12-2019 | 2019-77900418 |
| 31-12-2017 | micro format | 29-11-2018 | 2018-73700200 |
| 31-12-2016 | micro format | 30-11-2017 | 2017-71000361 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-53500120 |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-52300029 |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-49500408 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.