TIO
InactiveFinancials · financial year 2022, abbreviated format
Annual accounts 2022 filed on 15-07-2022 PDF all 15 filings
Turnover
≈ €250,000
Estimated: probably between €160,000 and €480,000
Total assets
€318,225▲ 3.6%
2021 · €307,140
Net result
€9,401▼ 23.5%
2021 · €12,283
Working capital
€129,863▲ 14.1%
2021 · €113,828
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result for 2022 is 16% lower than in 2021.
Operating result€14,188
2022
Net result€9,401
2022
Total assets€318,225
2022
Equity€128,002
2022
Debt€190,223
2022
Working capital€129,863
2022
Staff (FTE)1.7
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€10,523-€7,455▼ 29.2%€16,883▲ 126%€14,188▼ 16.0%
Net result€5,661-€1,910▼ 66.3%€12,283▲ 543%€9,401▼ 23.5%
Equity€104,407-€106,317▲ 1.8%€118,600▲ 11.6%€128,002▲ 7.9%
Total assets€513,144-€392,432▼ 23.5%€307,140▼ 21.7%€318,225▲ 3.6%
Debt€408,737-€286,115▼ 30.0%€188,539▼ 34.1%€190,223▲ 0.9%
Working capital€95,394-€99,468▲ 4.3%€113,828▲ 14.4%€129,863▲ 14.1%
Staff (FTE)1.7-1.7=2▲ 17.6%1.7▼ 15.0%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €318,225
Fixed assets
€340 ▼ 92.9%
Current assets
€317,885 ▲ 5.1%
Equity and liabilities €318,225
Equity
€128,002 ▲ 7.9%
Debt
€190,223 ▲ 0.9%
Debt's share of the balance-sheet total falls from 61.4% to 59.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,156▼
2021 · €21,046
Cash flow
€11,370▼
2021 · €16,447
Current ratio
1.69▲
2021 · 1.60
Debt to equity
1.49
ROE
7.3%▼
2021 · 10.4%
ROA
3.0%▼
2021 · 4.0%
Interest coverage
3.41
Debt ≤ 1 year
€188,023▼
2021 · €188,539
Income taxes
€205
Staff costs
€61,474
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-01-2022 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 1 |
| part-time | 1 |
| in full-time equivalents | 1.8 |
| Average over the year, in full-time equivalents | 1.7 |
| On a permanent contract | 2 |
| Joined | 10 |
| Left | 11 |
Source: social balance sheet in the 2022 annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €61,474 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,457 | €4,840 | €4,163 | €1,968 | ▼ 52.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€643 | - |
| Other operating charges640/8 | - | - | - | €13,570 | - |
| Gross operating margin9900 | €66,541 | €75,933 | €69,791 | €90,557 | ▲ 29.8% |
| Operating profit (loss)9901 | €10,523 | €7,455 | €16,883 | €14,188 | ▼ 16.0% |
| Financial income75/76B | - | - | - | €163 | - |
| Recurring financial income75 | €118 | €0 | €65 | €163 | ▲ 151% |
| Financial charges65/66B | - | - | - | €4,744 | - |
| Recurring financial charges65 | €4,808 | €4,667 | €4,665 | €4,744 | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | €5,834 | €2,789 | €12,283 | €9,607 | ▼ 21.8% |
| Income taxes67/77 | €173 | €879 | - | €205 | - |
| Profit (loss) for the period9904 | €5,661 | €1,910 | €12,283 | €9,401 | ▼ 23.5% |
| Profit (loss) for the period to be appropriated9905 | €5,661 | €1,910 | €12,283 | €9,401 | ▼ 23.5% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €513,144 | €392,432 | €307,140 | €318,225 | ▲ 3.6% |
| Fixed assets21/28 | €11,684 | €8,935 | €4,772 | €340 | ▼ 92.9% |
| Tangible fixed assets22/27 | €11,344 | €8,595 | €4,432 | - | - |
| Financial fixed assets28 | €340 | €340 | €340 | €340 | = |
| Current assets29/58 | €501,460 | €383,497 | €302,368 | €317,885 | ▲ 5.1% |
| Stocks and contracts in progress3 | €174,023 | €114,754 | €25,407 | - | - |
| Amounts receivable within one year40/41 | €311,545 | €259,632 | €263,799 | €290,448 | ▲ 10.1% |
| Trade receivables40 | - | - | - | €1,285 | - |
| Other amounts receivable41 | - | - | - | €289,163 | - |
| Cash at bank and in hand54/58 | €13,958 | €7,207 | €8,544 | €26,392 | ▲ 209% |
| Deferred charges and accrued income490/1 | - | - | - | €1,045 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €513,144 | €392,432 | €307,140 | €318,225 | ▲ 3.6% |
| Equity10/15 | €104,407 | €106,317 | €118,600 | €128,002 | ▲ 7.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €85,807 | €87,717 | €100,000 | €109,402 | ▲ 9.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €107,542 | - |
| Amounts payable17/49 | €408,737 | €286,115 | €188,539 | €190,223 | ▲ 0.9% |
| Amounts payable within one year42/48 | €406,065 | €284,029 | €188,539 | €188,023 | ▼ 0.3% |
| Financial debts43 | - | - | - | €125,500 | - |
| Credit institutions430/8 | - | - | - | €125,500 | - |
| Trade debts44 | €268,537 | €134,917 | €35,429 | €27,892 | ▼ 21.3% |
| Suppliers440/4 | - | - | - | €27,892 | - |
| Taxes, remuneration and social security45 | - | - | - | €34,630 | - |
| Taxes450/3 | - | - | - | €23,568 | - |
| Remuneration and social security454/9 | - | - | - | €11,063 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,201 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,661 | €1,910 | €12,283 | €9,401 | ▼ 23.5% |
| + Depreciation and write-downs630 | €4,457 | €4,840 | €4,163 | €1,968 | ▼ 52.7% |
| Operating cash flow (approximation) | €10,118 | €6,750 | €16,447 | €11,370 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | -€2,090 | €0 | €2,464 | - |
| Change in cash | - | -€6,752 | €1,337 | €17,849 | ▲ 13× |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-01-2022 | abbreviated format | 15-07-2022 | 2022-20188213 | |
| 31-01-2021 | abbreviated format | 06-07-2021 | 2021-30800402 | |
| 31-01-2020 | abbreviated format | 17-07-2020 | 2020-30800332 | |
| 31-01-2019 | abbreviated format | 03-07-2019 | 2019-27900020 | |
| 31-01-2018 | abbreviated format | 05-07-2018 | 2018-28400052 | |
| 31-01-2017 | abbreviated format | 17-07-2017 | 2017-31400061 | |
| 31-01-2016 | abbreviated format | 06-07-2016 | 2016-26900238 | |
| 31-01-2015 | abbreviated format | 17-07-2015 | 2015-31200086 | |
| 31-01-2014 | abbreviated format | 17-07-2014 | 2014-30900496 | |
| 31-01-2013 | abbreviated format | 05-07-2013 | 2013-26500185 |