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Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 35 days after the deadline Filed on 4 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00460213.
Annual accounts 2023 filed on 04-09-2024 PDF all 2 filings
Turnover
≈ €200,000
Estimated: probably between €160,000 and €280,000
Total assets
€126,626▲ 1.6%
2022 · €124,684
Net result
€4,546▼ 90.1%
2022 · €46,019
Working capital
€49,110▲ 13.2%
2022 · €43,397
Multi-year overview
2022 to 2023, 2 financial yearsOperating result
€9,403
▼ 83.7%
2023
20222023
Net result
€4,546
▼ 90.1%
2023
middle half of the sector
20222023
Equity
€52,565
▲ 9.5%
2023
middle half of the sector
20222023
Total assets
€126,626
▲ 1.6%
2023
middle half of the sector
20222023
Debt
€74,061
▼ 3.4%
2023
20222023
Working capital
€49,110
▲ 13.2%
2023
middle half of the sector
20222023
Solvency
41.5%
▲ 3.0pp
2023
middle half of the sector
20222023
Current ratio
1.66
▲ 0.10
2023
middle half of the sector
20222023
Return on assets (ROA)
3.6%
▼ 33.3pp
2023
middle half of the sector
20222023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20222023
Operating result€57,581-€9,403▼ 83.7%
Net result€46,019above the sector's middle half-€4,546within the sector's middle half▼ 90.1%
Equity€48,019within the sector's middle half-€52,565within the sector's middle half▲ 9.5%
Total assets€124,684within the sector's middle half-€126,626within the sector's middle half▲ 1.6%
Debt€76,665-€74,061▼ 3.4%
Working capital€43,397within the sector's middle half-€49,110within the sector's middle half▲ 13.2%
Solvency38.5%within the sector's middle half-41.5%within the sector's middle half▲ 3.0pp
Current ratio1.57within the sector's middle half-1.66within the sector's middle half▲ 0.10
Return on assets (ROA)36.9%above the sector's middle half-3.6%within the sector's middle half▼ 33.3pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 84% 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 €126,626
Fixed assets
€3,456 ▼ 25.2%
Current assets
€123,171 ▲ 2.6%
Equity and liabilities €126,626
Equity
€52,565 ▲ 9.5%
Debt
€74,061 ▼ 3.4%
Debt's share of the balance-sheet total falls from 61.5% to 58.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,570▼
2022 · €58,258
Cash flow
€5,713▼
2022 · €46,697
Debt to equity
1.41▼
2022 · 1.60
ROE
8.6%▼
2022 · 95.8%
Interest coverage
44.12▼
2022 · over 100
Debt ≤ 1 year
€74,061▼
2022 · €76,665
Income taxes
€4,617▼
2022 · €13,964
Staff costs
€120,453▲
2022 · €68,948
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Tangible fixed assets | €3,500 | - |
| Financial fixed assets | €1,800 | - |
| Depreciation and write-downs of the year | €678 | €1,167 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €68,948 | €120,453 | ▲ 74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €678 | €1,167 | ▲ 72.2% |
| Other operating charges640/8 | €2,216 | €1,616 | ▼ 27.1% |
| Gross operating margin9900 | €129,422 | €132,638 | ▲ 2.5% |
| Operating profit (loss)9901 | €57,581 | €9,403 | ▼ 83.7% |
| Financial income75/76B | €2,594 | €0 | ▼ 100% |
| Recurring financial income75 | €2,594 | €0 | ▼ 100% |
| Financial charges65/66B | €191 | €240 | ▲ 25.1% |
| Recurring financial charges65 | €191 | €240 | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | €59,983 | €9,164 | ▼ 84.7% |
| Income taxes67/77 | €13,964 | €4,617 | ▼ 66.9% |
| Profit (loss) for the period9904 | €46,019 | €4,546 | ▼ 90.1% |
| Profit (loss) for the period to be appropriated9905 | €46,019 | €4,546 | ▼ 90.1% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €124,684 | €126,626 | ▲ 1.6% |
| Fixed assets21/28 | €4,622 | €3,456 | ▼ 25.2% |
| Tangible fixed assets22/27 | €2,822 | €1,656 | ▼ 41.3% |
| Furniture and vehicles24 | €2,822 | €1,656 | ▼ 41.3% |
| Financial fixed assets28 | €1,800 | €1,800 | = |
| Current assets29/58 | €120,062 | €123,171 | ▲ 2.6% |
| Amounts receivable within one year40/41 | €113,191 | €118,239 | ▲ 4.5% |
| Trade receivables40 | €40,370 | €23,250 | ▼ 42.4% |
| Other amounts receivable41 | €72,821 | €94,988 | ▲ 30.4% |
| Cash at bank and in hand54/58 | €6,492 | €3,804 | ▼ 41.4% |
| Deferred charges and accrued income490/1 | €380 | €1,128 | ▲ 197% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €124,684 | €126,626 | ▲ 1.6% |
| Equity10/15 | €48,019 | €52,565 | ▲ 9.5% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | €46,019 | €46,019 | = |
| Distributable reserves133 | €46,019 | €46,019 | = |
| Profit (loss) carried forward14 | - | €4,546 | - |
| Amounts payable17/49 | €76,665 | €74,061 | ▼ 3.4% |
| Amounts payable within one year42/48 | €76,665 | €74,061 | ▼ 3.4% |
| Trade debts44 | €33,595 | €3,311 | ▼ 90.1% |
| Suppliers440/4 | €33,595 | €3,311 | ▼ 90.1% |
| Taxes, remuneration and social security45 | €43,070 | €70,750 | ▲ 64.3% |
| Taxes450/3 | €35,279 | €47,538 | ▲ 34.7% |
| Remuneration and social security454/9 | €7,792 | €23,213 | ▲ 198% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €46,019 | €4,546 | ▼ 90.1% |
| + Depreciation and write-downs630 | €678 | €1,167 | ▲ 72.2% |
| Operating cash flow (approximation) | €46,697 | €5,713 | ▼ 87.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€2,688 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.