TRUE2 (0426.478.910), Inactive: financials and annual accounts

TRUE2

KBO/BCE: BE 0426.478.910

Line	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	994,397	1.2m	787,831	223,020	147,413	514,876	514,472	576,841	608,951	686,070	1.0m	995,799	1.1m	2.0m	1.9m
Fixed assets`21/28`	-	25	25	25	881	881	881	1,213	1,545	1,877	2,209	881	881	881	881
Tangible fixed assets`22/27`	-	-	-	-	-	0	0	332	664	996	1,328	-	-	-	-
Furniture and vehicles`24`	-	-	-	-	-	0	0	332	664	996	1,328	-	-	-	-
Financial fixed assets`28`	-	25	25	25	881	881	881	881	881	881	881	881	881	881	881
Affiliated companies`280/1`	-	-	-	-	25	25	25	25	25	25	25	25	25	25	25
Participating interests`280`	-	-	-	-	25	25	25	25	25	25	25	25	25	25	25
Other financial fixed assets`284/8`	-	25	25	25	856	856	856	856	856	856	856	856	856	856	856
Shares`284`	-	25	25	25	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable and cash guarantees`285/8`	-	-	-	-	856	856	856	856	856	856	856	856	856	856	856
Current assets`29/58`	994,397	1.2m	787,806	222,995	146,532	513,995	513,591	575,628	607,406	684,193	1.0m	994,918	1.1m	2.0m	1.9m
Stocks and contracts in progress`3`	-	143,996	25,098	-	-	210	1,486	4,701	2,513	-	-	462	162	15,564	17,019
Contracts in progress`37`	-	143,996	25,098	-	-	210	1,486	4,701	2,513	-	-	462	162	15,564	17,019
Amounts receivable within one year`40/41`	994,397	184,820	418,480	1,657	2,251	8,252	11,304	49,453	161,072	153,542	1.0m	444,094	724,166	863,073	1.4m
Trade receivables`40`	24,588	81,093	329,676	-	-	7,546	7,856	21,376	150,332	144,493	1.0m	432,874	709,731	853,887	1.4m
Other amounts receivable`41`	969,810	103,727	88,804	1,657	2,251	706	3,448	28,077	10,740	9,049	5,638	11,221	14,435	9,186	28,194
Current investments`50/53`	-	864,572	344,229	221,338	144,281	505,533	500,801	521,475	442,562	530,651	-	550,108	414,557	1.1m	388,011
Other investments`51/53`	-	864,572	344,229	221,338	144,281	505,533	500,801	521,475	442,562	530,651	-	550,108	414,557	1.1m	388,011
Cash at bank and in hand`54/58`	-	-	-	-	-	-	-	-	-	-	-	254	260	249	321
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	1,260	-	-	-	632	6,061	6,024
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	994,397	1.2m	787,831	223,020	147,413	514,876	514,472	576,841	608,951	686,070	1.0m	995,799	1.1m	2.0m	1.9m
Equity`10/15`	962,748	877,140	467,728	217,941	139,832	491,190	501,348	541,203	504,833	476,677	407,748	783,094	682,230	563,737	512,286
Contributions`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Issued capital`100`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Reserves`13`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Non-distributable reserves`130/1`	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Profit (loss) carried forward`14`	894,548	808,940	399,528	149,741	71,632	422,990	433,148	473,003	436,633	408,477	339,548	714,894	614,030	495,537	444,086
Amounts payable`17/49`	31,649	316,273	320,103	5,079	7,581	23,686	13,124	35,638	104,118	209,393	602,494	212,705	458,428	1.4m	1.3m
Amounts payable within one year`42/48`	31,649	316,273	320,103	5,079	7,581	23,686	13,124	35,638	104,118	209,393	602,494	212,705	458,428	1.4m	1.3m
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	9,353	13,887	22,507	22,701
Other loans`439`	-	-	-	-	-	-	-	-	-	-	-	9,353	13,887	22,507	22,701
Trade debts`44`	31,649	116,077	81,399	5,079	6,075	22,181	13,124	13,316	83,234	129,767	257,409	127,402	203,683	1.0m	770,430
Suppliers`440/4`	31,649	116,077	81,399	5,079	6,075	22,181	13,124	13,316	83,234	129,767	257,409	127,402	203,683	1.0m	770,430
Advances received on contracts in progress`46`	-	200,196	203,916	-	-	-	-	16,286	14,059	-	-	6,000	9,795	246,223	308,140
Taxes, remuneration and social security`45`	-	-	34,788	-	1,505	1,505	-	6,037	6,825	79,626	72,237	69,891	231,063	135,408	231,491
Taxes`450/3`	-	-	34,788	-	1,505	1,505	-	6,037	6,825	63,850	17,905	29,092	133,178	55,920	166,436
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	15,776	54,332	40,799	97,885	79,488	65,055
Other amounts payable`47/48`	-	-	-	-	-	-	-	-	-	-	272,848	59	-	-	5,554
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	837
Income statement
Operating income`70/76A`	143,403	933,169	887,287	134,851	8,075	45,992	98,789	72,697	391,055	498,786	1.0m	484,262	1.1m	2.9m	2.5m
Turnover`70`	139,043	934,035	890,985	134,851	2,919	49,230	111,134	70,389	388,542	498,233	1.0m	481,129	1.1m	2.9m	2.6m
Change in stocks of work in progress, finished goods and contracts in progress`71`	-	-866	-3,698	-	-420	-3,237	-12,345	2,308	2,513	-	-462	300	-15,401	-1,455	-141,356
Operating charges`60/66A`	43,818	354,568	509,308	17,206	9,157	30,862	67,566	23,921	367,273	383,227	712,557	332,670	918,616	2.8m	2.4m
Goods for resale, raw materials and consumables`60`	37,477	346,438	502,459	9,417	837	23,003	60,427	13,698	52,101	53,930	27,139	15,557	397,189	1.8m	1.4m
Purchases`600/8`	37,477	346,438	502,459	9,417	837	23,003	60,427	13,698	52,101	53,930	27,139	15,557	397,189	1.8m	1.4m
Services and other goods`61`	6,341	8,073	6,849	7,789	8,320	7,651	6,600	9,699	314,856	296,347	444,399	121,712	160,690	607,908	570,641
Remuneration, social security and pensions`62`	-	-	-	-	-	118	118	103	-408	30,740	238,353	192,278	352,509	444,587	425,699
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	332	332	332	332	332	-	-	-	288
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-2,949	-	-	-	-3,099	-	-	-
Other operating charges`640/8`	-	58	-	-	-	89	89	3,038	392	1,878	2,334	6,222	8,228	11,081	9,775
Operating profit (loss)`9901`	99,585	578,601	377,979	117,644	-1,082	15,131	31,223	48,776	23,782	115,559	324,754	151,592	163,529	68,114	127,982
Financial income`75/76B`	211	241	127	123	324	499	21	32	81	-	6,549	-	10,446	2,813	20
Recurring financial income`75`	211	241	127	123	324	499	21	32	81	-	6,549	-	10,446	2,813	20
Income from financial fixed assets`750`	-	19	-	14	33	39	21	32	81	-	40	-	-	-	-
Income from current assets`751`	211	222	127	109	291	460	-	-	-	-	6,487	-	-	2	-
Other financial income`752/9`	-	-	-	-	-	-	-	0	0	-	22	-	10,446	2,811	20
Financial charges`65/66B`	654	549	535	607	599	612	616	603	867	632	641	632	1,490	1,465	3,124
Recurring financial charges`65`	654	549	535	607	599	612	616	603	867	632	641	632	1,490	1,465	3,124
Debt charges`650`	-	-	-	-	-	-	-	-	279	-	33	18	-	29	792
Other financial charges`652/9`	654	549	535	607	599	612	616	603	588	632	609	614	1,490	1,436	2,332
Profit (loss) for the period before taxes`9903`	99,142	578,292	377,571	117,160	-1,357	15,018	30,628	48,205	22,996	114,927	330,662	150,960	172,486	69,462	124,878
Income taxes`67/77`	13,534	168,881	127,784	39,051	-	606	6,037	11,835	-5,161	45,999	106,007	50,097	53,992	18,011	49,472
Taxes`670/3`	25,000	255,000	128,000	39,200	-	1,505	6,155	11,835	4,296	45,999	107,851	50,097	54,034	23,122	62,484
Tax adjustments and reversals of tax provisions`77`	11,466	86,119	216	149	-	900	118	-	9,457	-	1,844	-	42	5,111	13,012
Profit (loss) for the period`9904`	85,608	409,412	249,787	78,109	-1,357	14,412	24,592	36,369	28,157	68,928	224,655	100,863	118,494	51,451	75,406
Profit (loss) for the period to be appropriated`9905`	85,608	409,412	249,787	78,109	-1,357	14,412	24,592	36,369	28,157	68,928	224,655	100,863	118,494	51,451	75,406
Appropriation of the result
Profit (loss) to be appropriated`9906`	894,548	808,940	399,528	149,741	421,632	447,561	469,517	473,003	436,633	408,477	939,548	714,894	614,030	495,537	444,086
Profit to be distributed`694/7`	-	-	-	-	350,000	24,571	36,369	-	-	-	600,000	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	350,000	24,571	36,369	-	-	-	600,000	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	0.6	3.7	3.3	5.2	8.1	8.2
Hours worked`1013`	-	-	-	-	-	-	-	-	-	743	5,910	5,681	9,202	13,912	13,740
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Financial year	Type	Filed	Reference	Document
31-12-2020	full format	15-06-2021	2021-20300347	PDF
31-12-2019	full format	25-06-2020	2020-21100048	PDF
31-12-2018	full format	07-06-2019	2019-17800254	PDF
31-12-2017	full format	29-06-2018	2018-27300599	PDF
31-12-2016	full format	31-07-2017	2017-40200062	PDF
31-12-2015	full format	11-07-2016	2016-30700237	PDF
31-12-2014	full format	04-08-2015	2015-39600237	PDF
31-12-2013	full format	30-06-2014	2014-25200204	PDF
31-12-2012	full format	11-06-2013	2013-17600221	PDF
31-12-2011	full format	31-08-2012	2012-53800423	PDF
31-12-2010	full format	07-10-2011	2011-57700204	PDF
31-12-2009	full format	06-08-2010	2010-39600552	PDF
31-12-2008	full format	04-08-2009	2009-54500054	PDF
31-12-2007	full format	29-07-2008	2008-50600275	PDF
31-12-2006	full format	08-08-2007	2007-55500202	PDF
31-12-2005	full format	31-07-2006	2006-58101240	PDF
31-12-2004	full format	26-07-2005	2005-55803006	PDF
31-12-2003	full format	26-07-2004	2004-52100748	PDF
31-12-2002	full format	25-07-2003	2003-50300724	PDF
31-12-2001	full format	02-10-2002	2002-61701277	PDF
31-12-2000	full format	18-07-2001	2001-39602350	PDF
31-12-1999	full format	07-07-2000	2000-38604095	PDF
31-12-1998	full format	20-07-1999	1999-35300191	PDF
31-12-1997	full format	14-05-1998	1998-09900501	PDF
31-12-1996	full format	05-09-1997	1997-42403774	PDF
31-12-1995	full format	18-04-1997	1997-05904536	PDF
31-12-1994	full format	19-05-1995	1995-09200711	PDF
31-12-1993	full format	28-04-1994	1994-07004454	PDF
31-12-1992	full format	20-07-1993	1993-27903914	PDF
31-12-1991	full format	25-06-1992	1992-15402770	PDF
31-12-1990	full format	31-07-1991	1991-20802020	PDF
31-12-1989	full format	08-10-1990	1990-25503177	PDF
31-12-1988	full format	18-09-1989	1989-22303714	PDF
31-12-1987	full format	16-11-1988	1988-23302869	PDF
31-12-1986	full format	29-07-1987	1987-18902278	PDF
31-12-1985	full format	14-07-1986	1986-28302134	PDF

Line	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	-	-	-	31,555	49,108	24,114	115,891	325,086	-	-	-	128,270
Cash flow	-	-	-	-	-	-	24,924	36,701	28,489	69,260	224,987	-	-	-	75,694
Investment in fixed assets (approximation)	-	-	-	-	-	-	0	0	0	0	1,660	-	-	-	-
Change in cash	-	-	-	-	-	-	-	-	-	-	-	-6	11	-72	-
Working capital	962,748	877,115	467,703	217,917	138,952	490,309	500,468	539,990	503,289	474,800	405,539	782,213	681,350	562,856	512,242
EBIT margin	71.6%	61.9%	42.4%	87.2%	-37.1%	30.7%	28.1%	69.3%	6.1%	23.2%	31.7%	31.5%	14.9%	2.4%	4.9%
Solvency	96.8%	73.5%	59.4%	97.7%	94.9%	95.4%	97.4%	93.8%	82.9%	69.5%	40.4%	78.6%	59.8%	28.3%	27.7%
Current ratio	31.42	3.77	2.46	43.91	19.33	21.70	39.13	16.15	5.83	3.27	1.67	4.68	2.49	1.39	1.38
Quick ratio	31.42	3.32	2.38	43.91	19.33	21.69	39.02	16.02	5.81	3.27	1.67	4.68	2.49	1.38	1.37
Debt to equity	0.03	0.36	0.68	0.02	0.05	0.05	0.03	0.07	0.21	0.44	1.48	0.27	0.67	2.53	2.61
ROE	8.9%	46.7%	53.4%	35.8%	-1.0%	2.9%	4.9%	6.7%	5.6%	14.5%	55.1%	12.9%	17.4%	9.1%	14.7%
ROA	8.6%	34.3%	31.7%	35.0%	-0.9%	2.8%	4.8%	6.3%	4.6%	10.0%	22.2%	10.1%	10.4%	2.6%	4.1%
Interest coverage	-	-	-	-	-	-	-	-	86.37	-	over 100	-	-	-	over 100
Customer credit	65 days	32 days	135 days	4 days	281 days	56 days	26 days	111 days	141 days	106 days	357 days	328 days	237 days	108 days	197 days
Supplier credit	264 days	120 days	58 days	108 days	242 days	264 days	71 days	208 days	83 days	135 days	199 days	339 days	133 days	158 days	142 days

TRUE2

Annual accounts 2020

Money flows

Balance sheet

Change in equityin euro

Change in cash

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Insights on TRUE2