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TWO4MAIL

Inactive KBO/BCE: BE 0474.791.244
TWO4MAIL
Financial year 2020
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Annual accounts 2020

micro format, filed on 24-11-2020, 6 days before the deadline
Gross margin
€21,783
▼ 78.3%
Operating result
€16,776
▼ 81.6%
EBITDA
-
Cash flow
-
Solvency
88.1%
▲ 56.1 percentage points
Current ratio
5.96
▲ 4.66

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €170,000. Estimated: probably between €76,000 and €400,000.

Money flows

no detail for 2020

Balance sheet

balance sheet total €150,314 on 30-04-2020
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20202019201820172016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 150,314364,178393,871370,546359,777350,962344,990293,995231,967157,366166,486230,399732,7762.9m
Fixed assets21/28 43,45943,45943,45943,45943,45943,45943,93644,47245,00845,54476,207109,241178,152542,383
Intangible fixed assets21 -------------53,049
Tangible fixed assets22/27 ------5361,0721,6082,14432,80765,840100,339253,378
Plant, machinery and equipment23 ------5361,0721,608----21,036
Furniture and vehicles24 ---------2,144212685161,768
Other tangible fixed assets26 -------------49,878
Financial fixed assets28 43,45943,45943,45943,45943,45943,45943,40043,40043,40043,40043,40043,40077,813235,956
Current assets29/58 106,855320,719350,412327,087316,319307,503301,053249,523186,959111,82190,279121,158554,6242.3m
Amounts receivable after more than one year29 -266,709301,909300,209291,694288,450295,500245,500175,000-----
Other amounts receivable291 -266,709301,909300,209291,694288,450295,500245,500175,000-----
Stocks and contracts in progress3 -------------42,092
Stocks30/36 -------------42,092
Amounts receivable within one year40/41 106,31551,24545,92524,60524,44918,4533,7282,2741,171108,24086,426117,338540,346938,213
Trade receivables40 36,96651,24545,92524,50323,89818,453--5141,0033,94728,041125,742570,849
Other amounts receivable41 69,349--102551-3,7282,2741,12067,23782,47989,297414,605367,364
Current investments50/53 ----------540---
Cash at bank and in hand54/58 5417407222671766001191389,3842,4562,1623,00010,16238,089
Deferred charges and accrued income490/1 -2,0251,8572,007--1,7061,6111,4031,1251,1518214,1161.3m
Balance sheet: equity and liabilities
Total equity and liabilities10/49 150,314364,178393,871370,546359,777350,962344,990293,995231,967157,366166,486230,399732,7762.9m
Equity10/15 132,373116,26327,010-133,828-137,197-125,431-181,001-166,732-158,746-164,819-168,043-165,135-163,121186,057
Contributions10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
Issued capital100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
Reserves13 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
Legal reserve130 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
Profit (loss) carried forward14 64,17348,063-41,190-202,028-205,397-193,631-249,201-234,932-226,946-233,019-236,243-233,335-245,142117,857
Investment grants15 ------------13,820-
Provisions and deferred taxes16 -------------71,556
Provisions for liabilities and charges160/5 -------------71,556
Amounts payable17/49 17,942247,914366,860504,374496,975476,393525,990460,728390,713322,185334,529395,534895,8982.6m
Amounts payable after more than one year17 ----------13,04143,01871,221120,761
Financial debts170/4 ----------13,04143,01871,221120,761
Amounts payable within one year42/48 17,942247,914366,860504,374496,975476,393525,990460,728390,697322,185321,488352,516824,6492.5m
Current portion of amounts payable after more than one year42 ----------29,97828,20349,540136,651
Financial debts43 -------------283,629
Credit institutions430/8 -------------31,665
Other loans439 -------------251,964
Trade debts44 6,17743,84515,8029,0682,7325,27430222437636,86466,062136,524391,3511.5m
Suppliers440/4 6,17743,84515,8029,0682,7325,27430222437636,86466,062136,524391,3511.5m
Taxes, remuneration and social security45 41512,38126,82026827413,4965,945-93938802,9931,942210,522
Taxes450/3 13112,38126,79315716511,7445,945--933252,4571,40026,398
Remuneration and social security454/9 283-271111101,753--93-555536543184,125
Other amounts payable47/48 11,350191,688324,238495,038493,968457,623519,743460,503390,228285,228224,568184,796381,816342,647
Accrued charges and deferred income492/3 --------16---278
Income statement
Turnover70 ---------18,75085,350184,3912.3m5.9m
Non-recurring operating income76A -------93-8,264361,33218,315880,689
Gross operating margin9900 21,783100,518168,23211,398-5,05676,460-7,044-6,6577,3894,22144,94977,490-104,35194,260
Goods, raw materials, services and sundry goods60/61 --------6,21514,52940,401106,9012.4m5.8m
Remuneration, social security and pensions62 4,4504,0234,1436,4704,50318,439---173,2353,8793,853241,949638,512
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 -----53653653653655733,03436,21277,474125,651
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 -------61------240
Provisions for liabilities and charges: additions (uses and reversals)635/8 -------------71,55671,556
Other operating charges640/8 5585,4182,1541,0931,1821,1826,2074374379423,4165,2286,5526,588
Non-recurring operating charges66A ---------1,542-10,5702,69012,353
Operating profit (loss)9901 16,77691,077161,9353,835-10,74056,303-13,727-7,6306,434-5124,62132,197-358,770-748,286
Financial income75/76B --100--12-453960,1711,597
Recurring financial income75 --100--12-453960,1711,597
Financial charges65/66B 5351,6907533098615685414503642,9877,53011,69180,02598,985
Recurring financial charges65 5351,6907533098615685414503642,9877,53011,69180,02598,985
Profit (loss) for the period before taxes9903 16,24089,387161,1833,526-11,60055,736-14,268-7,9866,0733,224-2,86811,807-362,99822,661
Income taxes67/77 131134345157166167----39--13,903
Profit (loss) for the period9904 16,10989,253160,8393,369-11,76655,569-14,268-7,9866,0733,224-2,90811,807-362,9988,758
Profit (loss) for the period to be appropriated9905 16,10989,253160,8393,369-11,76655,569-14,268-7,9866,0733,224-2,90811,807-362,9988,758
Appropriation of the result
Profit (loss) to be appropriated9906 64,17348,063-41,190-202,028-205,397-193,631-249,201-234,932-226,946-233,019-236,243-233,335-245,142117,857
Social balance sheet
Average staff (FTE)9087 -11111.1------3.914.3
Hours worked1013 -22-21,633------6,04524,659
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 5 older financial years (2002-2006) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2020 (PDF), filed on 24-11-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-04-2020 micro format 24-11-2020 2020-71700114 PDF
30-04-2019 micro format 22-10-2019 2019-71000491 PDF
30-04-2018 micro format 11-09-2018 2018-62500387 PDF
30-04-2017 micro format 15-09-2017 2017-60900557 PDF
30-04-2016 full format 12-10-2016 2016-65500169 PDF
30-04-2015 full format 27-10-2015 2015-65600336 PDF
30-04-2014 full format 07-10-2014 2014-64100443 PDF
30-04-2013 full format 28-10-2013 2013-64100371 PDF
30-04-2012 full format 27-11-2012 2012-64700475 PDF
30-04-2011 full format 29-11-2011 2011-62000063 PDF
30-04-2010 full format 29-11-2010 2010-61800394 PDF
30-04-2009 full format 26-11-2009 2009-86400139 PDF
30-04-2008 full format 29-12-2008 2008-87500158 PDF
30-04-2007 full format 09-11-2007 2007-79800256 PDF
30-04-2006 full format 20-11-2006 2006-87800174 PDF
30-04-2005 full format 24-11-2005 2005-86805031 PDF
30-04-2004 full format 17-11-2004 2004-79500409 PDF
30-04-2003 full format 13-11-2003 2003-79001538 PDF
30-04-2002 full format 30-12-2002 2002-79700710 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20202019201820172016201520142013201220112010200920082007
EBITDA -----56,839-13,191-7,0946,9704537,65568,409-281,296-622,635
Cash flow -----56,105-13,732-7,4506,6093,78030,12648,019-285,525134,409
Investment in fixed assets (approximation) -----580007,750010,541743176,841
Change in cash -1991945591-425481-19-9,2466,928294-837-7,162-27,926-
Working capital 88,91472,805-16,449-177,287-180,656-168,890-224,937-211,205-203,739-210,364-231,209-231,358-270,025-164,002
EBIT margin ----------2.7%5.4%17.5%-15.6%-12.6%
Solvency 88.1%31.9%6.9%-36.1%-38.1%-35.7%-52.5%-56.7%-68.4%-104.7%-100.9%-71.7%-22.3%6.5%
Current ratio 5.961.290.960.650.640.650.570.540.480.350.280.340.670.93
Quick ratio 5.961.290.960.650.640.650.570.540.480.350.280.340.670.92
Debt to equity 0.142.1313.58----------14.08
ROE 12.2%76.8%595.5%----------4.7%
ROA 10.7%24.5%40.8%0.9%-3.3%15.8%-4.1%-2.7%2.6%2.0%-1.7%5.1%-49.5%0.3%
Customer credit ---------798 days17 days56 days20 days35 days
Supplier credit --------22 days926 days597 days466 days59 days95 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on TWO4MAIL

The operating result for 2020 is 82% lower than in 2019 and the lowest since 2017. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 68.1% to 11.9%. Equity is higher and debt is lower.

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