VC
Bankruptcy closedFinancials · financial year 2021, micro format
2021 annual accounts filed 31 days after the deadline Filed on 31 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20385532.
Annual accounts 2021 filed on 31-08-2022 PDF
Turnover
≈ €170,000
Estimated: probably between €79,000 and €420,000
Total assets
€366,772
Net result
€11,206
Working capital
-€57,242
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
Assets €366,772
Fixed assets
€70,449
Current assets
€296,323
Equity and liabilities €366,772
Equity
€13,206
Debt
€353,565
Debt's share of the balance-sheet total is 96.4%.
Key figures and ratios
EBITDA
€22,444
Cash flow
€19,912
Current ratio
0.84
Quick ratio
0.18
Debt to equity
26.77
ROE
84.9%
ROA
3.1%
Interest coverage
9.84
Debt ≤ 1 year
€353,565
Income taxes
€2,800
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €29,154 |
| Intangible fixed assets | €50,000 |
| Depreciation and write-downs of the year | €8,706 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €12,500 awarded · €12,500 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | -€37,500 | €0 |
| 2023 | 1 | €50,000 | €12,500 |
Annual accounts
| Line | 2021 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,706 |
| Other operating charges640/8 | €270 |
| Gross operating margin9900 | €22,714 |
| Operating profit (loss)9901 | €13,738 |
| Financial income75/76B | €2,548 |
| Recurring financial income75 | €2,548 |
| Financial charges65/66B | €2,280 |
| Recurring financial charges65 | €2,280 |
| Profit (loss) for the period before taxes9903 | €14,006 |
| Income taxes67/77 | €2,800 |
| Profit (loss) for the period9904 | €11,206 |
| Profit (loss) for the period to be appropriated9905 | €11,206 |
| Line | 2021 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €366,772 | |
| Fixed assets21/28 | €70,449 | |
| Intangible fixed assets21 | €46,233 | |
| Tangible fixed assets22/27 | €24,216 | |
| Plant, machinery and equipment23 | €24,216 | |
| Current assets29/58 | €296,323 | |
| Stocks and contracts in progress3 | €233,681 | |
| Stocks30/36 | €233,681 | |
| Amounts receivable within one year40/41 | €61,115 | |
| Trade receivables40 | €56,875 | |
| Other amounts receivable41 | €4,240 | |
| Cash at bank and in hand54/58 | €1,465 | |
| Deferred charges and accrued income490/1 | €62 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €366,772 | |
| Equity10/15 | €13,206 | |
| Contributions10/11 | €2,000 | |
| Profit (loss) carried forward14 | €11,206 | |
| Amounts payable17/49 | €353,565 | |
| Amounts payable within one year42/48 | €353,565 | |
| Trade debts44 | €57,237 | |
| Suppliers440/4 | €57,237 | |
| Advances received on contracts in progress46 | €85,492 | |
| Taxes, remuneration and social security45 | €2,800 | |
| Taxes450/3 | €2,800 | |
| Other amounts payable47/48 | €208,036 | |
| Line | 2021 |
|---|---|
| Profit (loss) for the period9904 | €11,206 |
| + Depreciation and write-downs630 | €8,706 |
| Operating cash flow (approximation) | €19,912 |
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 (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 31-08-2022 | 2022-20385532 |