TREE-D
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 05-04-2024 PDF all 19 filings
Turnover
≈ €37,000
Estimated: probably between €17,000 and €89,000
Total assets
€33,048▲ 20.2%
2022 · €27,487
Net result
-€5,875
2022 · €7,162
Working capital
-€11,001▼ 103%
2022 · -€5,424
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€3,333
▼ 74.3%
2023
20192023
Net result
-€5,875
2023
lowest quarter of the sector
20192023
Equity
-€110,893
▼ 5.6%
2023
lowest quarter of the sector
20192023
Total assets
€33,048
▲ 20.2%
2023
lowest quarter of the sector
20192023
Debt
€143,941
▲ 8.6%
2023
20192023
Working capital
-€11,001
▼ 103%
2023
lowest quarter of the sector
20192023
Solvency
-335.6%
▲ 46.5pp
2023
lowest quarter of the sector
20192023
Current ratio
0.75
▼ 0.08
2023
lowest quarter of the sector
20192023
Return on assets (ROA)
-17.8%
▼ 43.8pp
2023
lowest quarter of the sector
20192023
Staff (FTE)
no figure
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€8,094--€8,365€6,803€12,945▲ 90.3%€3,333▼ 74.3%
Net result€446--€15,720below the sector's middle half-€460below the sector's middle half▲ 97.1%€7,162within the sector's middle half-€5,875below the sector's middle half
Equity-€96,000--€111,720below the sector's middle half▼ 16.4%-€112,181below the sector's middle half▼ 0.4%-€105,019below the sector's middle half▲ 6.4%-€110,893below the sector's middle half▼ 5.6%
Total assets€43,761-€40,987below the sector's middle half▼ 6.3%€28,055below the sector's middle half▼ 31.6%€27,487below the sector's middle half▼ 2.0%€33,048below the sector's middle half▲ 20.2%
Debt€139,762-€152,708▲ 9.3%€140,235▼ 8.2%€132,505▼ 5.5%€143,941▲ 8.6%
Working capital€1,283--€12,479below the sector's middle half-€12,377below the sector's middle half▲ 0.8%-€5,424below the sector's middle half▲ 56.2%-€11,001below the sector's middle half▼ 103%
Solvency-219.4%--272.6%below the sector's middle half▼ 53.2pp-399.9%below the sector's middle half▼ 127.3pp-382.1%below the sector's middle half▲ 17.8pp-335.6%below the sector's middle half▲ 46.5pp
Current ratio1.03-0.76below the sector's middle half▼ 0.280.68below the sector's middle half▼ 0.080.83below the sector's middle half▲ 0.150.75below the sector's middle half▼ 0.08
Return on assets (ROA)1.0%--38.4%below the sector's middle half▼ 39.4pp-1.6%below the sector's middle half▲ 36.7pp26.1%above the sector's middle half▲ 27.7pp-17.8%below the sector's middle half▼ 43.8pp
Staff (FTE)0.8-0.5below the sector's middle half▼ 37.5%
above
within
below
The sector band is the middle half of the companies in Manufacture of other non-metallic mineral products (NACE 23). 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 2023 is 74% lower than in 2022.
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
2023 in colour, 2022 as the grey bar beneath
Assets €33,048
Fixed assets
€108 ▼ 73.5%
Current assets
€32,940 ▲ 21.6%
Equity and liabilities
Equity-€110,893
Debt€143,941
Equity is negative. Debt (€143,941) exceeds the balance-sheet total (€33,048).
Key figures and ratios
EBITDA
€3,631▼
2022 · €14,340
Cash flow
-€5,577▼
2022 · €8,557
Quick ratio
0.31▲
2022 · 0.04
Interest coverage
0.39▼
2022 · 2.52
Debt ≤ 1 year
€43,941▲
2022 · €32,505
Debt > 1 year
€100,000=
2022 · €100,000
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.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Tangible fixed assets | €918 | - | - |
| Depreciation and write-downs of the year | €1,471 | €1,395 | €298 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Subsidies and aid
European Union, budget
2021 · 1 entry · €23,560 in totalProjects
ACTIONS DE RECONNAISSANCE DU PERSONNEL
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | -€53 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,320 | €1,477 | €1,471 | €1,395 | €298 | ▼ 78.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €228 | €354 | - | - |
| Other operating charges640/8 | - | - | €2,288 | €288 | €1,222 | ▲ 325% |
| Gross operating margin9900 | €30,793 | €4,368 | €10,737 | €14,982 | €4,853 | ▼ 67.6% |
| Operating profit (loss)9901 | €8,094 | -€8,365 | €6,803 | €12,945 | €3,333 | ▼ 74.3% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | €7,040 | €5,695 | €9,208 | ▲ 61.7% |
| Recurring financial charges65 | €7,389 | €7,122 | €7,040 | €5,695 | €9,208 | ▲ 61.7% |
| Profit (loss) for the period before taxes9903 | €705 | -€15,487 | -€237 | €7,251 | -€5,875 | - |
| Income taxes67/77 | €258 | €233 | €224 | €89 | - | - |
| Profit (loss) for the period9904 | €446 | -€15,720 | -€460 | €7,162 | -€5,875 | - |
| Profit (loss) for the period to be appropriated9905 | €446 | -€15,720 | -€460 | €7,162 | -€5,875 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,761 | €40,987 | €28,055 | €27,487 | €33,048 | ▲ 20.2% |
| Fixed assets21/28 | €2,717 | €2,354 | €1,801 | €406 | €108 | ▼ 73.5% |
| Intangible fixed assets21 | €320 | €160 | - | - | - | - |
| Tangible fixed assets22/27 | €2,397 | €2,194 | €1,801 | €406 | €108 | ▼ 73.5% |
| Furniture and vehicles24 | - | - | €1,801 | €406 | €108 | ▼ 73.5% |
| Current assets29/58 | €41,045 | €38,633 | €26,254 | €27,081 | €32,940 | ▲ 21.6% |
| Stocks and contracts in progress3 | €28,643 | €29,557 | €24,302 | €25,843 | €19,357 | ▼ 25.1% |
| Stocks30/36 | - | - | €24,302 | €25,843 | €19,357 | ▼ 25.1% |
| Amounts receivable within one year40/41 | €11,039 | €8,619 | €1,393 | €1,072 | €13,434 | ▲ 13× |
| Trade receivables40 | - | - | €505 | - | €12,547 | - |
| Other amounts receivable41 | - | - | €888 | €1,072 | €888 | ▼ 17.2% |
| Cash at bank and in hand54/58 | €1,156 | €251 | €133 | - | €149 | - |
| Deferred charges and accrued income490/1 | - | - | €426 | €166 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,761 | €40,987 | €28,055 | €27,487 | €33,048 | ▲ 20.2% |
| Equity10/15 | -€96,000 | -€111,720 | -€112,181 | -€105,019 | -€110,893 | ▼ 5.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€164,200 | -€179,920 | -€180,381 | -€173,219 | -€179,093 | ▼ 3.4% |
| Amounts payable17/49 | €139,762 | €152,708 | €140,235 | €132,505 | €143,941 | ▲ 8.6% |
| Amounts payable after more than one year17 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Financial debts170/4 | - | - | €100,000 | €100,000 | €100,000 | = |
| Amounts payable within one year42/48 | €39,762 | €51,112 | €38,631 | €32,505 | €43,941 | ▲ 35.2% |
| Financial debts43 | - | - | €7,998 | €14,048 | €18,917 | ▲ 34.7% |
| Credit institutions430/8 | - | - | - | €14,048 | €18,917 | ▲ 34.7% |
| Other loans439 | - | - | €7,998 | - | - | - |
| Trade debts44 | €3,450 | €6,347 | €10,936 | €7,072 | €5,581 | ▼ 21.1% |
| Suppliers440/4 | - | - | €10,936 | €7,072 | €5,581 | ▼ 21.1% |
| Taxes, remuneration and social security45 | - | - | €8,266 | €4,798 | €10,891 | ▲ 127% |
| Taxes450/3 | - | - | €8,266 | €4,798 | €10,891 | ▲ 127% |
| Other amounts payable47/48 | - | - | €11,431 | €6,587 | €8,553 | ▲ 29.8% |
| Accrued charges and deferred income492/3 | - | - | €1,605 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €446 | -€15,720 | -€460 | €7,162 | -€5,875 | - |
| + Depreciation and write-downs630 | €1,320 | €1,477 | €1,471 | €1,395 | €298 | ▼ 78.6% |
| Operating cash flow (approximation) | €1,766 | -€14,242 | €1,011 | €8,557 | -€5,577 | - |
| Investment in fixed assets (approximation) | - | -€1,115 | -€918 | €0 | €0 | - |
| Change in cash | - | -€905 | -€118 | - | - | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 05-04-2024 | 2024-00058065 | |
| 30-09-2022 | micro format | 26-04-2023 | 2023-00066658 | |
| 30-09-2021 | micro format | 30-04-2022 | 2022-20017435 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12300337 | |
| 30-09-2019 | micro format | 24-04-2020 | 2020-10200191 | |
| 30-09-2018 | micro format | 03-05-2019 | 2019-12100401 | |
| 30-09-2017 | micro format | 30-04-2018 | 2018-11500060 | |
| 30-09-2016 | full format | 31-03-2017 | 2017-09000416 | |
| 30-09-2015 | full format | 29-03-2016 | 2016-08900110 | |
| 30-09-2014 | full format | 29-05-2015 | 2015-14200520 |