UMEED
Open bankruptcyFinancials · financial year 2021, full format
2021 annual accounts filed late (88 days) Filed on 27 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20479685.
Turnover
€768,962▲ 18.3%
2020 · €650,232
EBIT margin
8.3%▲ 5.5pp
2020 · 2.9%
Net result
€49,240▲ 375%
2020 · €10,361
Working capital
€86,338▲ 81.9%
2020 · €47,473
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result has risen three years in a row; 2021 is 244% above 2020 and is the highest 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.
Turnover€768,962
2021
Operating result€63,914
2021
Net result€49,240
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€136,723
2021
Equity€102,815
2021
Debt€33,908
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€86,338
2021
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin8.3%
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
Turnover€557,693€650,232▲ 16.6%€768,962▲ 18.3%
Operating result-€77,483-€11,641€18,557▲ 59.4%€63,914▲ 244%
Net result-€80,193-€7,396€10,361▲ 40.1%€49,240▲ 375%
EBIT margin2.1%2.9%▲ 0.8pp8.3%▲ 5.5pp
Equity-€49,130-€42,478€53,576▲ 26.1%€102,815▲ 91.9%
Total assets€63,687-€72,395▲ 13.7%€73,897▲ 2.1%€136,723▲ 85.0%
Debt€112,817-€29,917▼ 73.5%€20,321▼ 32.1%€33,908▲ 66.9%
Working capital-€52,582-€35,479€47,473▲ 33.8%€86,338▲ 81.9%
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €136,723
Fixed assets
€16,477 ▲ 170%
Current assets
€120,246 ▲ 77.4%
Equity and liabilities €136,723
Equity
€102,815 ▲ 91.9%
Debt
€33,908 ▲ 66.9%
Debt's share of the balance-sheet total falls from 27.5% to 24.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,066▲
2020 · €19,453
Cash flow
€51,392▲
2020 · €11,257
Current ratio
3.55▲
2020 · 3.34
Quick ratio
3.34▲
2020 · 0.27
Debt to equity
0.33
ROE
47.9%▲
2020 · 19.3%
ROA
36.0%▲
2020 · 14.0%
Interest coverage
4.76
Debt ≤ 1 year
€33,908▲
2020 · €20,321
Income taxes
€800▼
2020 · €4,593
Staff costs
€9,890
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 |
|---|---|---|---|---|---|
| Turnover70 | - | €557,693 | €650,232 | €768,962 | ▲ 18.3% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €692,057 | - |
| Remuneration, social security and pensions62 | - | - | - | €9,890 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €700 | €1,718 | €896 | €2,152 | ▲ 140% |
| Other operating charges640/8 | - | - | - | €950 | - |
| Gross operating margin9900 | -€74,985 | €16,883 | €20,535 | €76,906 | ▲ 275% |
| Operating profit (loss)9901 | -€77,483 | €11,641 | €18,557 | €63,914 | ▲ 244% |
| Financial charges65/66B | - | - | - | €13,874 | - |
| Recurring financial charges65 | €2,683 | €3,266 | €3,603 | €13,874 | ▲ 285% |
| Profit (loss) for the period before taxes9903 | -€80,166 | €8,375 | €14,954 | €50,040 | ▲ 235% |
| Income taxes67/77 | €27 | €979 | €4,593 | €800 | ▼ 82.6% |
| Profit (loss) for the period9904 | -€80,193 | €7,396 | €10,361 | €49,240 | ▲ 375% |
| Profit (loss) for the period to be appropriated9905 | -€80,193 | €7,396 | €10,361 | €49,240 | ▲ 375% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €63,687 | €72,395 | €73,897 | €136,723 | ▲ 85.0% |
| Fixed assets21/28 | €3,452 | €6,999 | €6,103 | €16,477 | ▲ 170% |
| Tangible fixed assets22/27 | €700 | €4,072 | €3,176 | €13,550 | ▲ 327% |
| Plant, machinery and equipment23 | - | - | - | €11,269 | - |
| Furniture and vehicles24 | - | - | - | €2,281 | - |
| Financial fixed assets28 | €2,752 | €2,927 | €2,927 | €2,927 | = |
| Current assets29/58 | €60,235 | €65,396 | €67,794 | €120,246 | ▲ 77.4% |
| Stocks and contracts in progress3 | €47,624 | €51,777 | €62,341 | €6,847 | ▼ 89.0% |
| Stocks30/36 | - | - | - | €6,847 | - |
| Amounts receivable within one year40/41 | €4,422 | €4,509 | €753 | €3,062 | ▲ 307% |
| Other amounts receivable41 | - | - | - | €3,062 | - |
| Cash at bank and in hand54/58 | €6,648 | €9,110 | €4,700 | €110,337 | ▲ 2,248% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €63,687 | €72,395 | €73,897 | €136,723 | ▲ 85.0% |
| Equity10/15 | -€49,130 | €42,478 | €53,576 | €102,815 | ▲ 91.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €11,860 | €21,860 | ▲ 84.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €20,000 | - |
| Profit (loss) carried forward14 | -€69,590 | €22,018 | €23,116 | €62,355 | ▲ 170% |
| Amounts payable17/49 | €112,817 | €29,917 | €20,321 | €33,908 | ▲ 66.9% |
| Amounts payable within one year42/48 | €112,817 | €29,917 | €20,321 | €33,908 | ▲ 66.9% |
| Trade debts44 | €4,554 | €2,514 | €271 | €13,213 | ▲ 4,776% |
| Suppliers440/4 | - | - | - | €13,213 | - |
| Taxes, remuneration and social security45 | - | - | - | €15,501 | - |
| Taxes450/3 | - | - | - | €9,472 | - |
| Remuneration and social security454/9 | - | - | - | €6,029 | - |
| Other amounts payable47/48 | - | - | - | €5,194 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,193 | €7,396 | €10,361 | €49,240 | ▲ 375% |
| + Depreciation and write-downs630 | €700 | €1,718 | €896 | €2,152 | ▲ 140% |
| Operating cash flow (approximation) | -€79,493 | €9,114 | €11,257 | €51,392 | ▲ 357% |
| Investment in fixed assets (approximation) | - | -€5,265 | €0 | -€12,526 | - |
| Change in cash | - | €2,462 | -€4,410 | €105,637 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | full format | 27-10-2022 | 2022-20479685 |
| 31-12-2020 | micro format | 21-09-2021 | 2021-67900282 |
| 31-12-2019 | micro format | 27-12-2020 | 2020-77700470 |
| 31-12-2018 | micro format | 02-10-2019 | 2019-67900425 |
| 31-12-2017 | full format | 27-09-2018 | 2018-66500225 |
| 31-12-2016 | full format | 05-07-2017 | 2017-27700408 |
| 31-12-2015 | full format | 08-07-2016 | 2016-30400071 |
| 31-12-2014 | full format | 14-07-2015 | 2015-30500366 |
| 31-12-2013 | full format | 29-07-2014 | 2014-36400104 |
| 31-12-2012 | full format | 29-07-2013 | 2013-36500410 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.