True Solutions (0780.641.449), In bankruptcy: annual accounts

True Solutions

Ghent ·KBO/BCE: BE 0780.641.449

Line	2023	2022
Balance sheet: assets
Total assets`20/58`	126,626	124,684
Fixed assets`21/28`	3,456	4,622
Tangible fixed assets`22/27`	1,656	2,822
Furniture and vehicles`24`	1,656	2,822
Financial fixed assets`28`	1,800	1,800
Current assets`29/58`	123,171	120,062
Amounts receivable within one year`40/41`	118,239	113,191
Trade receivables`40`	23,250	40,370
Other amounts receivable`41`	94,988	72,821
Cash at bank and in hand`54/58`	3,804	6,492
Deferred charges and accrued income`490/1`	1,128	380
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	126,626	124,684
Equity`10/15`	52,565	48,019
Contributions`10/11`	2,000	2,000
Reserves`13`	46,019	46,019
Distributable reserves`133`	46,019	46,019
Profit (loss) carried forward`14`	4,546	-
Amounts payable`17/49`	74,061	76,665
Amounts payable within one year`42/48`	74,061	76,665
Trade debts`44`	3,311	33,595
Suppliers`440/4`	3,311	33,595
Taxes, remuneration and social security`45`	70,750	43,070
Taxes`450/3`	47,538	35,279
Remuneration and social security`454/9`	23,213	7,792
Income statement
Gross operating margin`9900`	132,638	129,422
Remuneration, social security and pensions`62`	120,453	68,948
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,167	678
Other operating charges`640/8`	1,616	2,216
Operating profit (loss)`9901`	9,403	57,581
Financial income`75/76B`	0	2,594
Recurring financial income`75`	0	2,594
Financial charges`65/66B`	240	191
Recurring financial charges`65`	240	191
Profit (loss) for the period before taxes`9903`	9,164	59,983
Income taxes`67/77`	4,617	13,964
Profit (loss) for the period`9904`	4,546	46,019
Profit (loss) for the period to be appropriated`9905`	4,546	46,019
Appropriation of the result
Profit (loss) to be appropriated`9906`	4,546	46,019
Transfer to equity`691/2`	0	46,019
To other reserves`6921`	0	46,019
Document	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2023	micro format	04-09-2024	2024-00460213	PDF
31-12-2022	micro format	04-09-2024	2024-00460295	PDF

Line	2023	2022
EBITDA	10,570	58,258
Cash flow	5,713	46,697
Investment in fixed assets (approximation)	0	5,300
Change in cash	-2,688	-
Working capital	49,110	43,397
Solvency	41.5%	38.5%
Current ratio	1.66	1.57
Debt to equity	1.41	1.60
ROE	8.6%	95.8%
ROA	3.6%	36.9%
Interest coverage	44.12	over 100

Item	2023	2022
Tangible fixed assets	-	€3,500
Financial fixed assets	-	€1,800
Depreciation and write-downs of the year	€1,167	€678

True Solutions

Annual accounts 2023

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency41.5%

Current ratio1.66

Return on assets3.6%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on True Solutions