TVM PROJECTS
InactiveFinancials · financial year 2021, abbreviated format
Equity
€16.0m▲ 8.8%
2020 · €14.7m
Total assets
€30.7m▲ 4.9%
2020 · €29.3m
Net result
€1.3m▲ 62×
2020 · €21,016
Working capital
-€5.7m▼ 26.1%
2020 · -€4.5m
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result has fallen two years in a row; 2021 is 23% below 2020 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.06m
2021
Net result€1.3m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€30.7m
2021
Equity€16.0m
2021
Debt€14.7m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€5.7m
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.1m-€0.1m▲ 23.6%€0.07m▼ 48.4%€0.06m▼ 23.1%
Net result€0.2m-€0.4m▲ 67.2%€0.02m▼ 94.6%€1.3m▲ 62×
Equity€14.4m-€14.7m▲ 2.1%€14.7m=€16.0m▲ 8.8%
Total assets€28.4m-€27.7m▼ 2.4%€29.3m▲ 5.5%€30.7m▲ 4.9%
Debt€14.1m-€13.1m▼ 7.1%€14.6m▲ 11.6%€14.7m▲ 1.0%
Working capital-€3.3m--€3.0m▲ 9.0%-€4.5m▼ 49.1%-€5.7m▼ 26.1%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €30.7m
Fixed assets
€21.7m ▲ 12.9%
Current assets
€9.0m ▼ 10.4%
Equity and liabilities €30.7m
Equity
€16.0m ▲ 8.8%
Debt
€14.7m ▲ 1.0%
Debt's share of the balance-sheet total falls from 49.8% to 47.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.61▼
2020 · 0.69
Debt to equity
0.92
ROE
8.1%▲
2020 · 0.1%
ROA
4.2%▲
2020 · 0.1%
Debt ≤ 1 year
€14.7m▲
2020 · €14.6m
Income taxes
€1,108▼
2020 · €2,190
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0 | - |
| Gross operating margin9900 | €0.1m | €0.1m | €0.07m | €0.06m | ▼ 23.4% |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.07m | €0.06m | ▼ 23.1% |
| Financial income75/76B | - | - | - | €1.4m | - |
| Recurring financial income75 | €0.3m | €0.5m | €0.1m | €1.4m | ▲ 13× |
| Financial charges65/66B | - | - | - | €0.2m | - |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 56× |
| Income taxes67/77 | - | €120 | €0.002m | €0.001m | ▼ 49.4% |
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 62× |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 62× |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €28.4m | €27.7m | €29.3m | €30.7m | ▲ 4.9% |
| Fixed assets21/28 | €17.7m | €17.7m | €19.2m | €21.7m | ▲ 12.9% |
| Financial fixed assets28 | €17.7m | €17.7m | €19.2m | €21.7m | ▲ 12.9% |
| Current assets29/58 | €10.7m | €10.0m | €10.0m | €9.0m | ▼ 10.4% |
| Amounts receivable within one year40/41 | €10.6m | €10.0m | €10.0m | €8.8m | ▼ 11.4% |
| Trade receivables40 | - | - | - | €0 | - |
| Other amounts receivable41 | - | - | - | €8.8m | - |
| Cash at bank and in hand54/58 | €0.1m | €0.004m | €0.07m | €0.2m | ▲ 140% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €28.4m | €27.7m | €29.3m | €30.7m | ▲ 4.9% |
| Equity10/15 | €14.4m | €14.7m | €14.7m | €16.0m | ▲ 8.8% |
| Contributions10/11 | €14.1m | €14.1m | €14.1m | €14.1m | = |
| Capital10 | - | - | - | €14.1m | - |
| Issued capital100 | - | - | - | €14.1m | - |
| Reserves13 | €0.2m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.5m | - |
| Legal reserve130 | - | - | - | €0.5m | - |
| Profit (loss) carried forward14 | - | - | €0.006m | €1.3m | ▲ 228× |
| Amounts payable17/49 | €14.1m | €13.1m | €14.6m | €14.7m | ▲ 1.0% |
| Amounts payable within one year42/48 | €14.1m | €13.1m | €14.6m | €14.7m | ▲ 1.0% |
| Financial debts43 | - | - | - | €14.6m | - |
| Credit institutions430/8 | - | - | - | €14.6m | - |
| Trade debts44 | - | - | €0.001m | €0.1m | ▲ 94× |
| Suppliers440/4 | - | - | - | €0.1m | - |
| Advances received on contracts in progress46 | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | - |
| Taxes450/3 | - | - | - | €0.001m | - |
| Other amounts payable47/48 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 62× |
| Operating cash flow (approximation) | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 62× |
| Investment in fixed assets (approximation) | - | €0 | -€1.5m | -€2.5m | ▼ 65.5% |
| Change in cash | - | -€0.1m | €0.06m | €0.1m | ▲ 49.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | abbreviated format | 06-04-2022 | 2022-20001448 |
| 31-12-2020 | abbreviated format | 08-09-2021 | 2021-66800432 |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-35300563 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59000134 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-59000558 |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31300024 |
| 31-12-2015 | abbreviated format | 03-06-2016 | 2016-15500278 |
| 31-12-2014 | abbreviated format | 14-07-2015 | 2015-31300524 |
| 31-12-2013 | abbreviated format | 15-07-2014 | 2014-31000441 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.