TREE-D
Open bankruptcyFrom the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, micro format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 30-09-2023
- Filed on
- 05-04-2024
- Format
- micro format
- Reference
- 2024-00058065
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
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result falls in 2023; 2023 is 74% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€3,333
2023
Net result-€5,875
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€33,048
2023
Equity-€110,893
2023
Debt€143,941
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€11,001
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-17.8%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-335.6%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.75
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0.5
2020
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
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 middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
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 | - | - | - |
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 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 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 100 active companies whose main activity is manufacture of other non-metallic mineral products (NACE 23120), figures are known for 54. See the whole sector
Subsidies and aid
European Union, budget
2021 · 1 entry · €23,560 in totalProjects
ACTIONS DE RECONNAISSANCE DU PERSONNEL
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.