UNIT 7
InactiveFinancials · financial year 2022, abbreviated format
Annual accounts 2022 filed on 05-06-2023 PDF all 25 filings
Turnover
≈ €220,000
Estimated: probably between €140,000 and €430,000
Total assets
€198,474▲ 54.0%
2021 · €128,895
Net result
€71,841▲ 127%
2021 · €31,652
Working capital
-€150,840▲ 31.7%
2021 · -€220,718
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€79,887
▲ 92.3%
2022
20182022
Net result
€71,841
▲ 127%
2022
20182022
Equity
-€150,790
▲ 32.3%
2022
20182022
Total assets
€198,474
▲ 54.0%
2022
20182022
Debt
€349,264
▼ 0.6%
2022
20182022
Working capital
-€150,840
▲ 31.7%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€38,780--€6,349▲ 83.6%€11,436€41,533▲ 263%€79,887▲ 92.3%
Net result-€51,163--€18,644▲ 63.6%-€2,243▲ 88.0%€31,652€71,841▲ 127%
Equity-€233,396--€252,040▼ 8.0%-€254,283▼ 0.9%-€222,631▲ 12.4%-€150,790▲ 32.3%
Total assets€137,906-€78,126▼ 43.3%€85,755▲ 9.8%€128,895▲ 50.3%€198,474▲ 54.0%
Debt€371,302-€330,166▼ 11.1%€340,038▲ 3.0%€351,527▲ 3.4%€349,264▼ 0.6%
Working capital-€239,367--€241,401▼ 0.8%-€243,235▼ 0.8%-€220,718▲ 9.3%-€150,840▲ 31.7%
The operating result for 2022 is 92% higher than in 2021 and the highest since 2018. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €198,474
Fixed assets
€50 ▼ 61.2%
Current assets
€198,424 ▲ 54.1%
Equity and liabilities
Equity-€150,790
Debt€349,264
Equity is negative. Debt (€349,264) exceeds the balance-sheet total (€198,474).
Key figures and ratios
EBITDA
€79,966▲
2021 · €41,611
Cash flow
€71,920▲
2021 · €31,730
Solvency
-76.0%▲
2021 · -172.7%
Current ratio
0.57▲
2021 · 0.37
ROA
36.2%▲
2021 · 24.6%
Interest coverage
10.71▲
2021 · 4.47
Debt ≤ 1 year
€349,264▼
2021 · €349,485
Income taxes
€577▲
2021 · €575
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €3,514 awarded · €3,514 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €255 | €255 |
| 2022 | 1 | €3,259 | €3,259 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79 | €79 | €79 | €79 | €79 | ▲ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€3,566 | -€2,500 | ▲ 29.9% |
| Other operating charges640/8 | - | - | - | €5,880 | €2,956 | ▼ 49.7% |
| Non-recurring operating charges66A | - | - | - | €121 | €0 | ▼ 100% |
| Gross operating margin9900 | -€21,973 | -€4,136 | €13,681 | €44,046 | €80,422 | ▲ 82.6% |
| Operating profit (loss)9901 | -€38,780 | -€6,349 | €11,436 | €41,533 | €79,887 | ▲ 92.3% |
| Financial income75/76B | - | - | - | €1 | €0 | ▼ 98.8% |
| Recurring financial income75 | €637 | €229 | €0 | €1 | €0 | ▼ 98.8% |
| Financial charges65/66B | - | - | - | €9,307 | €7,469 | ▼ 19.7% |
| Recurring financial charges65 | €13,028 | €12,376 | €13,155 | €9,307 | €7,469 | ▼ 19.7% |
| Profit (loss) for the period before taxes9903 | -€51,171 | -€18,496 | -€1,719 | €32,226 | €72,418 | ▲ 125% |
| Income taxes67/77 | -€8 | €148 | €523 | €575 | €577 | ▲ 0.3% |
| Profit (loss) for the period9904 | -€51,163 | -€18,644 | -€2,243 | €31,652 | €71,841 | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | -€51,163 | -€18,644 | -€2,243 | €31,652 | €71,841 | ▲ 127% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,906 | €78,126 | €85,755 | €128,895 | €198,474 | ▲ 54.0% |
| Fixed assets21/28 | €16,995 | €3,386 | €1,357 | €129 | €50 | ▼ 61.2% |
| Tangible fixed assets22/27 | €315 | €236 | €157 | €79 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €79 | €0 | ▼ 100% |
| Financial fixed assets28 | €16,680 | €3,150 | €1,200 | €50 | €50 | = |
| Current assets29/58 | €120,911 | €74,740 | €84,398 | €128,767 | €198,424 | ▲ 54.1% |
| Amounts receivable within one year40/41 | €114,647 | €69,207 | €49,788 | €26,474 | €18,299 | ▼ 30.9% |
| Trade receivables40 | - | - | - | €26,474 | €17,774 | ▼ 32.9% |
| Other amounts receivable41 | - | - | - | €0 | €525 | - |
| Cash at bank and in hand54/58 | €302 | €4,214 | €33,110 | €99,292 | €176,125 | ▲ 77.4% |
| Deferred charges and accrued income490/1 | - | - | - | €3,000 | €4,000 | ▲ 33.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,906 | €78,126 | €85,755 | €128,895 | €198,474 | ▲ 54.0% |
| Equity10/15 | -€233,396 | -€252,040 | -€254,283 | -€222,631 | -€150,790 | ▲ 32.3% |
| Contributions10/11 | €220,000 | €220,000 | - | €220,000 | €220,000 | = |
| Reserves13 | €2,250 | €2,250 | €2,250 | €2,250 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €390 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€455,647 | -€474,291 | -€476,534 | -€444,882 | -€370,790 | ▲ 16.7% |
| Amounts payable17/49 | €371,302 | €330,166 | €340,038 | €351,527 | €349,264 | ▼ 0.6% |
| Amounts payable within one year42/48 | €360,277 | €316,141 | €327,632 | €349,485 | €349,264 | ▼ 0.1% |
| Trade debts44 | €73,561 | €19,203 | €18,416 | €14,606 | €4,986 | ▼ 65.9% |
| Suppliers440/4 | - | - | - | €14,606 | €4,986 | ▼ 65.9% |
| Taxes, remuneration and social security45 | - | - | - | €7,799 | €8,394 | ▲ 7.6% |
| Taxes450/3 | - | - | - | €5,189 | €6,661 | ▲ 28.4% |
| Remuneration and social security454/9 | - | - | - | €2,610 | €1,733 | ▼ 33.6% |
| Other amounts payable47/48 | - | - | - | €327,080 | €335,884 | ▲ 2.7% |
| Accrued charges and deferred income492/3 | - | - | - | €2,042 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€51,163 | -€18,644 | -€2,243 | €31,652 | €71,841 | ▲ 127% |
| + Depreciation and write-downs630 | €79 | €79 | €79 | €79 | €79 | ▲ 0.1% |
| Operating cash flow (approximation) | -€51,085 | -€18,565 | -€2,164 | €31,730 | €71,920 | ▲ 127% |
| Investment in fixed assets (approximation) | - | €13,530 | €1,950 | €1,150 | €0 | ▼ 100% |
| Change in cash | - | €3,912 | €28,895 | €66,183 | €76,833 | ▲ 16.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | abbreviated format | 05-06-2023 | 2023-00109571 | |
| 31-12-2021 | abbreviated format | 08-06-2022 | 2022-20054298 | |
| 31-12-2020 | abbreviated format | 02-07-2021 | 2021-30500062 | |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-26100364 | |
| 31-12-2018 | abbreviated format | 10-07-2019 | 2019-31400154 | |
| 31-12-2017 | abbreviated format | 22-08-2018 | 2018-48500267 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-27400152 | |
| 31-12-2015 | abbreviated format | 17-08-2016 | 2016-43100389 | |
| 31-12-2014 | abbreviated format | 17-07-2015 | 2015-33000342 | |
| 31-12-2013 | abbreviated format | 11-07-2014 | 2014-29700449 |