TRAS
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 88 days after the deadline Filed on 27 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00503212.
Annual accounts 2022 filed on 27-10-2023 PDF all 28 filings
Turnover
≈ €270,000
Estimated: probably between €230,000 and €360,000
Total assets
€113,258▲ 3.7%
2021 · €109,169
Net result
-€47,146▼ 750%
2021 · -€5,547
Working capital
-€98,137▼ 53.1%
2021 · -€64,097
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
-€42,048
▼ 42,571%
2022
20182022
Net result
-€47,146
▼ 750%
2022
lowest quarter of the sector
20182022
Equity
-€49,594
▼ 1,926%
2022
lowest quarter of the sector
20182022
Total assets
€113,258
▲ 3.7%
2022
middle half of the sector
20182022
Debt
€162,852
▲ 45.9%
2022
20182022
Working capital
-€98,137
▼ 53.1%
2022
lowest quarter of the sector
20182022
Solvency
-43.8%
▼ 41.5pp
2022
lowest quarter of the sector
20182022
Current ratio
0.35
=
2022
lowest quarter of the sector
20182022
Return on assets (ROA)
-41.6%
▼ 36.5pp
2022
lowest quarter of the sector
20182022
Staff (FTE)
3.5
▼ 25.5%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€1,409-€68,758€49,248▼ 28.4%-€99-€42,048▼ 42,571%
Net result-€1,529-€64,220€43,192above the sector's middle half▼ 32.7%-€5,547below the sector's middle half-€47,146below the sector's middle half▼ 750%
Equity-€104,313--€40,092▲ 61.6%€3,100within the sector's middle half-€2,447below the sector's middle half-€49,594below the sector's middle half▼ 1,926%
Total assets€14,611-€94,660▲ 548%€101,133within the sector's middle half▲ 6.8%€109,169within the sector's middle half▲ 7.9%€113,258within the sector's middle half▲ 3.7%
Debt€118,923-€134,752▲ 13.3%€98,033▼ 27.2%€111,616▲ 13.9%€162,852▲ 45.9%
Working capital-€65,569--€126,612▼ 93.1%-€73,324below the sector's middle half▲ 42.1%-€64,097below the sector's middle half▲ 12.6%-€98,137below the sector's middle half▼ 53.1%
Solvency-713.9%--42.4%▲ 671.6pp3.1%within the sector's middle half▲ 45.4pp-2.2%below the sector's middle half▼ 5.3pp-43.8%below the sector's middle half▼ 41.5pp
Current ratio0.18-0.06▼ 0.120.14below the sector's middle half▲ 0.080.35below the sector's middle half▲ 0.210.35below the sector's middle half=
Return on assets (ROA)-10.5%-67.8%▲ 78.3pp42.7%above the sector's middle half▼ 25.1pp-5.1%below the sector's middle half▼ 47.8pp-41.6%below the sector's middle half▼ 36.5pp
Staff (FTE)2.32.2within the sector's middle half▼ 4.3%4.7▲ 114%3.5▼ 25.5%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2022 is a loss of €42,048, larger than the loss of €99 in 2021. It is the lowest result since 2018.
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
2022 in colour, 2021 as the grey bar beneath
Assets €113,258
Fixed assets
€60,079 ▼ 19.4%
Current assets
€53,180 ▲ 53.6%
Equity and liabilities
Equity-€49,594
Debt€162,852
Equity is negative. Debt (€162,852) exceeds the balance-sheet total (€113,258).
Key figures and ratios
EBITDA
-€21,978▼
2021 · €19,659
Cash flow
-€27,076▼
2021 · €14,210
Quick ratio
0.35=
2021 · 0.35
Interest coverage
-3.52▼
2021 · 3.99
Debt ≤ 1 year
€151,316▲
2021 · €98,727
Debt > 1 year
€6,779▼
2021 · €10,062
Income taxes
€622▲
2021 · €602
Staff costs
€102,946▲
2021 · €41,278
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 4 | 4 |
| full-time | 4 | 3 |
| part-time | - | 1 |
| in full-time equivalents | 4 | 3.1 |
| Average over the year, in full-time equivalents | 4.7 | 3.5 |
| On a permanent contract | 4 | 3 |
| Joined | 2 | 22 |
| Left | 2 | 22 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €4,791 | €11,700 |
| Depreciation and write-downs of the year | €19,757 | €20,071 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,960 | - |
| Remuneration, social security and pensions62 | - | - | - | €41,278 | €102,946 | ▲ 149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €15,380 | €16,506 | €19,757 | €20,071 | ▲ 1.6% |
| Other operating charges640/8 | - | - | - | €2,056 | €4,441 | ▲ 116% |
| Gross operating margin9900 | -€999 | €186,075 | €124,345 | €62,993 | €85,410 | ▲ 35.6% |
| Operating profit (loss)9901 | -€1,409 | €68,758 | €49,248 | -€99 | -€42,048 | ▼ 42,571% |
| Financial income75/76B | - | - | - | €80 | €1,773 | ▲ 22× |
| Recurring financial income75 | €33 | €19 | €47 | €80 | €1,773 | ▲ 22× |
| Financial charges65/66B | - | - | - | €4,927 | €6,249 | ▲ 26.8% |
| Recurring financial charges65 | €154 | €4,292 | €5,557 | €4,927 | €6,249 | ▲ 26.8% |
| Profit (loss) for the period before taxes9903 | -€1,529 | €64,485 | €43,738 | -€4,945 | -€46,524 | ▼ 841% |
| Income taxes67/77 | - | €265 | €546 | €602 | €622 | ▲ 3.3% |
| Profit (loss) for the period9904 | -€1,529 | €64,220 | €43,192 | -€5,547 | -€47,146 | ▼ 750% |
| Profit (loss) for the period to be appropriated9905 | -€1,529 | €64,220 | €43,192 | -€5,547 | -€47,146 | ▼ 750% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,611 | €94,660 | €101,133 | €109,169 | €113,258 | ▲ 3.7% |
| Fixed assets21/28 | - | €86,520 | €89,505 | €74,539 | €60,079 | ▼ 19.4% |
| Intangible fixed assets21 | - | €45,000 | €40,000 | €35,000 | €30,000 | ▼ 14.3% |
| Tangible fixed assets22/27 | - | €41,520 | €49,505 | €39,539 | €30,079 | ▼ 23.9% |
| Plant, machinery and equipment23 | - | - | - | €7,382 | €9,935 | ▲ 34.6% |
| Furniture and vehicles24 | - | - | - | - | €11,248 | - |
| Leasing and similar rights25 | - | - | - | €12,157 | €8,896 | ▼ 26.8% |
| Other tangible fixed assets26 | - | - | - | €20,000 | - | - |
| Current assets29/58 | €14,611 | €8,139 | €11,628 | €34,630 | €53,180 | ▲ 53.6% |
| Stocks and contracts in progress3 | - | €178 | €275 | - | €97 | - |
| Stocks30/36 | - | - | - | - | €97 | - |
| Amounts receivable within one year40/41 | €928 | €3,407 | €10,068 | €24,795 | €42,842 | ▲ 72.8% |
| Trade receivables40 | - | - | - | €24,260 | €39,334 | ▲ 62.1% |
| Other amounts receivable41 | - | - | - | €535 | €3,508 | ▲ 556% |
| Cash at bank and in hand54/58 | €37 | €4,554 | €1,285 | €9,818 | €10,240 | ▲ 4.3% |
| Deferred charges and accrued income490/1 | - | - | - | €17 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,611 | €94,660 | €101,133 | €109,169 | €113,258 | ▲ 3.7% |
| Equity10/15 | -€104,313 | -€40,092 | €3,100 | -€2,447 | -€49,594 | ▼ 1,926% |
| Contributions10/11 | €51,100 | €51,100 | - | €51,100 | €51,100 | = |
| Profit (loss) carried forward14 | -€155,413 | -€91,192 | -€48,000 | -€53,547 | -€100,694 | ▼ 88.0% |
| Amounts payable17/49 | €118,923 | €134,752 | €98,033 | €111,616 | €162,852 | ▲ 45.9% |
| Amounts payable after more than one year17 | €38,744 | - | €13,081 | €10,062 | €6,779 | ▼ 32.6% |
| Financial debts170/4 | - | - | - | €10,062 | €6,779 | ▼ 32.6% |
| Amounts payable within one year42/48 | €80,180 | €134,752 | €84,952 | €98,727 | €151,316 | ▲ 53.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,019 | €3,283 | ▲ 8.7% |
| Trade debts44 | €4,133 | €41,528 | €22,349 | €55,185 | €66,194 | ▲ 19.9% |
| Suppliers440/4 | - | - | - | €55,185 | €66,194 | ▲ 19.9% |
| Advances received on contracts in progress46 | - | - | - | €499 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €22,481 | €43,965 | ▲ 95.6% |
| Taxes450/3 | - | - | - | €10,426 | €22,894 | ▲ 120% |
| Remuneration and social security454/9 | - | - | - | €12,055 | €21,070 | ▲ 74.8% |
| Other amounts payable47/48 | - | - | - | €17,542 | €37,875 | ▲ 116% |
| Accrued charges and deferred income492/3 | - | - | - | €2,828 | €4,756 | ▲ 68.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,529 | €64,220 | €43,192 | -€5,547 | -€47,146 | ▼ 750% |
| + Depreciation and write-downs630 | - | €15,380 | €16,506 | €19,757 | €20,071 | ▲ 1.6% |
| Operating cash flow (approximation) | -€1,529 | €79,600 | €59,698 | €14,210 | -€27,076 | - |
| Investment in fixed assets (approximation) | - | - | -€19,491 | -€4,791 | -€5,610 | ▼ 17.1% |
| Change in cash | - | €4,517 | -€3,269 | €8,532 | €423 | ▼ 95.0% |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 27-10-2023 | 2023-00503212 | |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20486289 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65500518 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-68700141 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-63200493 | |
| 31-12-2017 | micro format | 26-09-2018 | 2018-65500321 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58700409 | |
| 31-12-2015 | abbreviated format | 27-09-2016 | 2016-62000189 | |
| 31-12-2014 | abbreviated format | 30-09-2015 | 2015-63600200 | |
| 31-12-2013 | abbreviated format | 22-09-2014 | 2014-59600508 |