TOMAHAWK
InactiveFrom the official registers: KBO 26 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, abbreviated format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 31-12-2023
- Filed on
- 11-06-2024
- Format
- abbreviated format
- Reference
- 2024-00131074
Turnover
€690,406▲ 6.2%
2019 · €650,000
EBIT margin
29.5%▲ 3.7pp
2019 · 25.7%
Net result
€963,947▲ 46.8%
2022 · €656,608
Working capital
€12.9m▲ 8.6%
2022 · €11.9m
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result turns negative in 2023: a loss of €201,074 after €176,105 in 2022, 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.
Turnover€0.7m
2020
Operating result-€0.2m
2023
Net result€1.0m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€18.8m
2023
Equity€18.6m
2023
Debt€0.1m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€12.9m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin29.5%
2020
Average staff in full-time equivalents (FTE).
Staff (FTE)0.8
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€0.7m-€0.7m=€0.7m▲ 6.2%
Operating result€0.2m-€0.2m▲ 4.4%€0.2m▲ 21.6%€0.2m▲ 7.9%€0.2m▼ 19.8%-€0.2m
Net result€0.9m-€0.6m▼ 36.5%€6.5m▲ 12×€1.3m▼ 80.7%€0.7m▼ 47.6%€1.0m▲ 46.8%
EBIT margin24.7%-25.7%▲ 1.1pp29.5%▲ 3.7pp
Equity€14.7m-€15.3m▲ 3.8%€21.8m▲ 42.4%€23.0m▲ 5.7%€17.7m▼ 23.2%€18.6m▲ 5.5%
Total assets€16.5m-€15.5m▼ 6.2%€22.0m▲ 42.0%€23.6m▲ 7.3%€24.3m▲ 3.0%€18.8m▼ 22.8%
Debt€1.8m-€0.2m▼ 88.6%€0.2m▲ 10.0%€0.6m▲ 163%€6.6m▲ 11×€0.1m▼ 98.2%
Working capital€7.7m-€9.6m▲ 24.6%€15.5m▲ 62.3%€17.0m▲ 9.9%€11.9m▼ 30.3%€12.9m▲ 8.6%
Staff (FTE)2.4-2.2▼ 8.3%1.4▼ 36.4%0.8▼ 42.9%0.8=0.8=
Why a figure moved sharply
- 2021 Net result -81% on 2020. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €18.8m
Fixed assets
€5.8m ▼ 3.7%
Current assets
€13.0m ▼ 29.1%
Equity and liabilities €18.8m
Equity
€18.6m ▲ 5.5%
Debt
€118,930 ▼ 98.2%
Debt's share of the balance-sheet total falls from 27.3% to 0.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€194,409▼
2022 · €183,755
Cash flow
€970,612▲
2022 · €664,258
Debt to equity
0.01▼
2022 · 0.38
ROE
5.2%▲
2022 · 3.7%
ROA
5.1%▲
2022 · 2.7%
Interest coverage
-11.14▼
2022 · 0.51
Debt ≤ 1 year
€92,549▼
2022 · €6.4m
Income taxes
€225,360▼
2022 · €317,702
Staff costs
€53,883▼
2022 · €53,990
A ratio outside any meaningful range has been withheld (balance sheet total €18.8m, equity €18.6m).
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €0.7m | €0.7m | €0.7m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.05m | €0.05m | €0.05m | ▼ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.01m | €0.007m | €0.009m | €0.008m | €0.007m | ▼ 12.9% |
| Other operating charges640/8 | - | - | - | €0.008m | €0.006m | €0.006m | ▲ 14.5% |
| Gross operating margin9900 | - | - | - | €0.3m | €0.2m | -€0.1m | - |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | -€0.2m | - |
| Financial income75/76B | - | - | - | €1.7m | €1.2m | €1.6m | ▲ 34.5% |
| Recurring financial income75 | €1.2m | €0.6m | €6.8m | €1.7m | €1.2m | €1.6m | ▲ 34.5% |
| Financial charges65/66B | - | - | - | €0.2m | €0.4m | €0.2m | ▼ 53.6% |
| Recurring financial charges65 | €0.2m | €0.03m | €0.2m | €0.2m | €0.4m | €0.02m | ▼ 95.1% |
| Debt charges650 | - | €199 | €109 | - | - | - | - |
| Non-recurring financial charges66B | - | - | - | - | - | €0.1m | - |
| Profit (loss) for the period before taxes9903 | €1.1m | €0.8m | €6.7m | €1.7m | €1.0m | €1.2m | ▲ 22.1% |
| Income taxes67/77 | €0.3m | €0.2m | €0.3m | €0.5m | €0.3m | €0.2m | ▼ 29.1% |
| Profit (loss) for the period9904 | €0.9m | €0.6m | €6.5m | €1.3m | €0.7m | €1.0m | ▲ 46.8% |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €0.6m | €6.5m | €1.3m | €0.7m | €1.0m | ▲ 46.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €16.5m | €15.5m | €22.0m | €23.6m | €24.3m | €18.8m | ▼ 22.8% |
| Fixed assets21/28 | €7.1m | €5.9m | €6.4m | €6.1m | €6.0m | €5.8m | ▼ 3.7% |
| Intangible fixed assets21 | - | - | - | €0.003m | €0.009m | €0.008m | ▼ 13.2% |
| Tangible fixed assets22/27 | €0.08m | €0.07m | €0.4m | €0.7m | €0.8m | €0.8m | ▲ 0.3% |
| Land and buildings22 | - | - | - | €0.06m | €0.05m | €0.05m | ▼ 3.2% |
| Furniture and vehicles24 | - | - | - | €0.7m | €0.7m | €0.7m | ▲ 0.5% |
| Financial fixed assets28 | €7.1m | €5.8m | €5.9m | €5.4m | €5.2m | €5.0m | ▼ 4.3% |
| Current assets29/58 | €9.4m | €9.6m | €15.6m | €17.5m | €18.3m | €13.0m | ▼ 29.1% |
| Amounts receivable after more than one year29 | - | - | - | €3.0m | €2.8m | €3.9m | ▲ 41.7% |
| Other amounts receivable291 | - | - | - | €3.0m | €2.8m | €3.9m | ▲ 41.7% |
| Stocks and contracts in progress3 | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | = |
| Amounts receivable within one year40/41 | €3.3m | €3.2m | €3.8m | €5.1m | €3.4m | €2.3m | ▼ 30.5% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | - | - |
| Other amounts receivable41 | - | - | - | €4.9m | €3.2m | €2.3m | ▼ 26.9% |
| Current investments50/53 | €2.0m | €3.0m | €6.1m | €5.7m | €6.1m | €4.3m | ▼ 29.6% |
| Cash at bank and in hand54/58 | €1.8m | €0.9m | €0.9m | €3.1m | €5.4m | €1.6m | ▼ 69.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.4m | €0.5m | €0.6m | ▲ 33.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €16.5m | €15.5m | €22.0m | €23.6m | €24.3m | €18.8m | ▼ 22.8% |
| Equity10/15 | €14.7m | €15.3m | €21.8m | €23.0m | €17.7m | €18.6m | ▲ 5.5% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €14.2m | €14.8m | €21.3m | €22.5m | €17.2m | €18.1m | ▲ 5.6% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | - | - | - | €22.5m | €17.1m | €18.1m | ▲ 5.6% |
| Amounts payable17/49 | €1.8m | €0.2m | €0.2m | €0.6m | €6.6m | €0.1m | ▼ 98.2% |
| Amounts payable within one year42/48 | €1.7m | €0.08m | €0.1m | €0.4m | €6.4m | €0.09m | ▼ 98.6% |
| Trade debts44 | €0.1m | €0.05m | €0.05m | €0.07m | €0.1m | €0.02m | ▼ 80.1% |
| Suppliers440/4 | - | - | - | €0.07m | €0.1m | €0.02m | ▼ 80.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.3m | €0.07m | ▼ 79.5% |
| Taxes450/3 | - | - | - | €0.3m | €0.3m | €0.07m | ▼ 79.1% |
| Remuneration and social security454/9 | - | - | - | €0.005m | €0.006m | €25 | ▼ 99.6% |
| Other amounts payable47/48 | - | - | - | €0.001m | €6.0m | €0.004m | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.2m | €0.03m | ▼ 86.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.9m | €0.6m | €6.5m | €1.3m | €0.7m | €1.0m | ▲ 46.8% |
| + Depreciation and write-downs630 | €0.01m | €0.01m | €0.007m | €0.009m | €0.008m | €0.007m | ▼ 12.9% |
| Operating cash flow (approximation) | €0.9m | €0.6m | €6.5m | €1.3m | €0.7m | €1.0m | ▲ 46.1% |
| Investment in fixed assets (approximation) | - | €1.3m | -€0.5m | €0.2m | €0.2m | €0.2m | ▲ 40.9% |
| Change in cash | - | -€0.9m | -€0.03m | €2.2m | €2.3m | -€3.8m | - |
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 | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 11-06-2024 | 2024-00131074 | |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00184982 | |
| 31-12-2021 | abbreviated format | 08-06-2022 | 2022-20054670 | |
| 31-12-2020 | full format | 09-06-2021 | 2021-18800275 | |
| 31-12-2019 | full format | 24-06-2020 | 2020-20100285 | |
| 31-12-2018 | full format | 14-06-2019 | 2019-18400541 | |
| 31-12-2017 | full format | 20-06-2018 | 2018-20400146 | |
| 31-12-2016 | full format | 27-06-2017 | 2017-21900086 | |
| 31-12-2015 | full format | 22-06-2016 | 2016-20900391 | |
| 31-12-2014 | full format | 26-06-2015 | 2015-21800545 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.