VANDERBILT
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 107 days after the deadline Filed on 15 November 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00600315.
Annual accounts 2023 filed on 15-11-2024 PDF all 5 filings
Turnover
≈ €460,000
Estimated: probably between €380,000 and €550,000
Total assets
€425,477▼ 20.9%
2022 · €538,014
Net result
€24,723▼ 67.7%
2022 · €76,526
Working capital
€16,102▼ 89.4%
2022 · €151,789
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€37,675
▼ 52.6%
2023
20192023
Net result
€24,723
▼ 67.7%
2023
highest quarter of the sector
20192023
Equity
€174,543
▲ 15.8%
2023
highest quarter of the sector
20192023
Total assets
€425,477
▼ 20.9%
2023
highest quarter of the sector
20192023
Debt
€250,933
▼ 35.2%
2023
20192023
Working capital
€16,102
▼ 89.4%
2023
middle half of the sector
20192023
Solvency
41.0%
▲ 13.0pp
2023
middle half of the sector
20192023
Current ratio
1.09
▼ 0.87
2023
middle half of the sector
20192023
Return on assets (ROA)
5.8%
▼ 8.4pp
2023
middle half of the sector
20192023
Staff (FTE)
2.7
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€49,648--€29,874€51,969€79,407▲ 52.8%€37,675▼ 52.6%
Net result€43,971--€29,874below the sector's middle half€53,897above the sector's middle half€76,526above the sector's middle half▲ 42.0%€24,723above the sector's middle half▼ 67.7%
Equity€50,171-€20,297within the sector's middle half▼ 59.5%€74,194within the sector's middle half▲ 266%€150,720above the sector's middle half▲ 103%€174,543above the sector's middle half▲ 15.8%
Total assets€252,487-€259,689above the sector's middle half▲ 2.9%€475,572above the sector's middle half▲ 83.1%€538,014above the sector's middle half▲ 13.1%€425,477above the sector's middle half▼ 20.9%
Debt€202,316-€239,392▲ 18.3%€401,378▲ 67.7%€387,293▼ 3.5%€250,933▼ 35.2%
Working capital-€55,773--€85,647below the sector's middle half▼ 53.6%€88,998above the sector's middle half€151,789above the sector's middle half▲ 70.6%€16,102within the sector's middle half▼ 89.4%
Solvency19.9%-7.8%within the sector's middle half▼ 12.1pp15.6%within the sector's middle half▲ 7.8pp28.0%within the sector's middle half▲ 12.4pp41.0%within the sector's middle half▲ 13.0pp
Current ratio0.14-0.16below the sector's middle half▲ 0.021.59within the sector's middle half▲ 1.431.96within the sector's middle half▲ 0.371.09within the sector's middle half▼ 0.87
Return on assets (ROA)17.4%--11.5%below the sector's middle half▼ 28.9pp11.3%within the sector's middle half▲ 22.8pp14.2%within the sector's middle half▲ 2.9pp5.8%within the sector's middle half▼ 8.4pp
Staff (FTE)2.32.7
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 53% lower than in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €425,477
Fixed assets
€220,587 ▼ 3.3%
Current assets
€204,889 ▼ 33.9%
Equity and liabilities €425,477
Equity
€174,543 ▲ 15.8%
Debt
€250,933 ▼ 35.2%
Debt's share of the balance-sheet total falls from 72.0% to 59.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,161▼
2022 · €86,894
Cash flow
€32,210▼
2022 · €84,013
Debt to equity
1.44▼
2022 · 2.57
ROE
14.2%▼
2022 · 50.8%
Interest coverage
6.67▼
2022 · 12.30
Debt ≤ 1 year
€188,787▲
2022 · €158,151
Debt > 1 year
€62,146▼
2022 · €229,142
Income taxes
€6,181
Staff costs
€110,933▲
2022 · €57,078
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 5 |
| full-time | - | 1 |
| part-time | 1 | 4 |
| in full-time equivalents | 0.9 | 2.9 |
| Average over the year, in full-time equivalents | 2.3 | 2.7 |
| On a permanent contract | 1 | 2 |
| Joined | 1 | 11 |
| Left | 3 | 7 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €42,119 | €57,078 | €110,933 | ▲ 94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,487 | - | €7,487 | €7,487 | €7,487 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €8 | - | - |
| Other operating charges640/8 | - | - | €2,286 | €3,162 | €691 | ▼ 78.2% |
| Gross operating margin9900 | €97,823 | -€17,397 | €103,862 | €147,142 | €156,785 | ▲ 6.6% |
| Operating profit (loss)9901 | €49,648 | -€29,874 | €51,969 | €79,407 | €37,675 | ▼ 52.6% |
| Financial income75/76B | - | - | €5,915 | €4,181 | - | - |
| Recurring financial income75 | - | - | €5,915 | €4,181 | - | - |
| Financial charges65/66B | - | - | €3,988 | €7,062 | €6,771 | ▼ 4.1% |
| Recurring financial charges65 | €5,677 | - | €3,988 | €7,062 | €6,771 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €43,971 | -€29,874 | €53,897 | €76,526 | €30,904 | ▼ 59.6% |
| Income taxes67/77 | - | - | - | - | €6,181 | - |
| Profit (loss) for the period9904 | €43,971 | -€29,874 | €53,897 | €76,526 | €24,723 | ▼ 67.7% |
| Profit (loss) for the period to be appropriated9905 | €43,971 | -€29,874 | €53,897 | €76,526 | €24,723 | ▼ 67.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252,487 | €259,689 | €475,572 | €538,014 | €425,477 | ▼ 20.9% |
| Fixed assets21/28 | €243,048 | €243,048 | €235,561 | €228,074 | €220,587 | ▼ 3.3% |
| Intangible fixed assets21 | €165,000 | €165,000 | €165,000 | €165,000 | €165,000 | = |
| Tangible fixed assets22/27 | €56,487 | €56,487 | €49,000 | €41,513 | €34,026 | ▼ 18.0% |
| Furniture and vehicles24 | - | - | €2,556 | €1,704 | €852 | ▼ 50.0% |
| Other tangible fixed assets26 | - | - | €46,444 | €39,809 | €33,174 | ▼ 16.7% |
| Financial fixed assets28 | €21,561 | €21,561 | €21,561 | €21,561 | €21,561 | = |
| Current assets29/58 | €9,439 | €16,641 | €240,011 | €309,939 | €204,889 | ▼ 33.9% |
| Amounts receivable within one year40/41 | €1,678 | €22 | €237,649 | €292,104 | €185,185 | ▼ 36.6% |
| Trade receivables40 | - | - | €38,533 | €17,928 | €17,083 | ▼ 4.7% |
| Other amounts receivable41 | - | - | €199,116 | €274,176 | €168,101 | ▼ 38.7% |
| Cash at bank and in hand54/58 | €7,761 | €16,620 | €2,362 | €17,835 | €19,705 | ▲ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252,487 | €259,689 | €475,572 | €538,014 | €425,477 | ▼ 20.9% |
| Equity10/15 | €50,171 | €20,297 | €74,194 | €150,720 | €174,543 | ▲ 15.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €42,111 | €12,237 | €66,134 | €142,660 | €166,483 | ▲ 16.7% |
| Amounts payable17/49 | €202,316 | €239,392 | €401,378 | €387,293 | €250,933 | ▼ 35.2% |
| Amounts payable after more than one year17 | €137,104 | €137,104 | €250,365 | €229,142 | €62,146 | ▼ 72.9% |
| Financial debts170/4 | - | - | €250,365 | €229,142 | €62,146 | ▼ 72.9% |
| Amounts payable within one year42/48 | €65,212 | €102,288 | €151,014 | €158,151 | €188,787 | ▲ 19.4% |
| Current portion of amounts payable after more than one year42 | - | - | €22,722 | €22,980 | €23,241 | ▲ 1.1% |
| Trade debts44 | €18,366 | €84,869 | €77,726 | €35,375 | €5,415 | ▼ 84.7% |
| Suppliers440/4 | - | - | €77,726 | €35,375 | €5,415 | ▼ 84.7% |
| Taxes, remuneration and social security45 | - | - | €44,390 | €94,793 | €160,131 | ▲ 68.9% |
| Taxes450/3 | - | - | €10,136 | €68,545 | €138,709 | ▲ 102% |
| Remuneration and social security454/9 | - | - | €34,254 | €26,248 | €21,422 | ▼ 18.4% |
| Other amounts payable47/48 | - | - | €6,176 | €5,003 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,971 | -€29,874 | €53,897 | €76,526 | €24,723 | ▼ 67.7% |
| + Depreciation and write-downs630 | €7,487 | - | €7,487 | €7,487 | €7,487 | = |
| Operating cash flow (approximation) | €51,458 | -€29,874 | €61,384 | €84,013 | €32,210 | ▼ 61.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €8,858 | -€14,257 | €15,473 | €1,869 | ▼ 87.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 15-11-2024 | 2024-00600315 | |
| 31-12-2022 | micro format | 26-02-2024 | 2024-00034200 | |
| 31-12-2021 | micro format | 24-03-2023 | 2023-00046997 | |
| 31-12-2020 | micro format | 15-11-2021 | 2021-77200581 | |
| 31-12-2019 | micro format | 08-02-2021 | 2021-05200156 |