VHD IMMO
InactiveFinancials · financial year 2021, abbreviated format
Annual accounts 2021 filed on 29-07-2022 PDF all 10 filings
Turnover
€69,562
EBIT margin
14.1%
Net result
€4,407▼ 72.6%
2020 · €16,084
Working capital
-€95,595▼ 95.9%
2020 · -€48,798
Multi-year overview
2018 to 2021, 4 financial yearsTurnover
€69,562
2021
20182021
Operating result
€9,774
▼ 62.4%
2021
20182021
Net result
€4,407
▼ 72.6%
2021
20182021
EBIT margin
14.1%
2021
20182021
Equity
€358,138
▲ 1.2%
2021
20182021
Total assets
€531,681
▼ 3.8%
2021
20182021
Debt
€173,542
▼ 12.8%
2021
20182021
Working capital
-€95,595
▼ 95.9%
2021
20182021
Staff (FTE)
1
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€69,562
Operating result€20,020-€24,862▲ 24.2%€26,010▲ 4.6%€9,774▼ 62.4%
Net result€10,486-€14,404▲ 37.4%€16,084▲ 11.7%€4,407▼ 72.6%
EBIT margin14.1%
Equity€323,244-€337,648▲ 4.5%€353,732▲ 4.8%€358,138▲ 1.2%
Total assets€589,291-€567,292▼ 3.7%€552,828▼ 2.5%€531,681▼ 3.8%
Debt€266,046-€229,644▼ 13.7%€199,096▼ 13.3%€173,542▼ 12.8%
Working capital-€76,020--€63,508▲ 16.5%-€48,798▲ 23.2%-€95,595▼ 95.9%
Staff (FTE)1
The operating result for 2021 is 62% lower than in 2020 and the lowest since 2018.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €531,681
Fixed assets
€514,132 ▲ 3.9%
Current assets
€17,549 ▼ 69.7%
Equity and liabilities €531,681
Equity
€358,138 ▲ 1.2%
Debt
€173,542 ▼ 12.8%
Debt's share of the balance-sheet total falls from 36.0% to 32.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44,365▼
2020 · €53,796
Cash flow
€38,997▼
2020 · €43,870
Current ratio
0.16▼
2020 · 0.54
Debt to equity
0.48▲
2020 · 0.25
ROE
1.2%▼
2020 · 4.5%
ROA
0.8%▼
2020 · 2.9%
Interest coverage
11.79
Debt ≤ 1 year
€113,144▲
2020 · €106,714
Debt > 1 year
€57,769▼
2020 · €89,805
Income taxes
€1,604▼
2020 · €5,825
Customer credit
61 days
Supplier credit
297 days
Staff costs
€2,391
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €53,810 |
| Depreciation and write-downs of the year | €34,590 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €69,562 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €12,428 | - |
| Remuneration, social security and pensions62 | - | - | - | €2,391 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,538 | €29,555 | €27,786 | €34,590 | ▲ 24.5% |
| Other operating charges640/8 | - | - | - | €10,378 | - |
| Gross operating margin9900 | €62,350 | €64,200 | €64,105 | €57,134 | ▼ 10.9% |
| Operating profit (loss)9901 | €20,020 | €24,862 | €26,010 | €9,774 | ▼ 62.4% |
| Financial charges65/66B | - | - | - | €3,763 | - |
| Recurring financial charges65 | €4,434 | €4,199 | €4,101 | €3,763 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €15,586 | €20,662 | €21,909 | €6,011 | ▼ 72.6% |
| Income taxes67/77 | €5,100 | €6,259 | €5,825 | €1,604 | ▼ 72.5% |
| Profit (loss) for the period9904 | €10,486 | €14,404 | €16,084 | €4,407 | ▼ 72.6% |
| Profit (loss) for the period to be appropriated9905 | €10,486 | €14,404 | €16,084 | €4,407 | ▼ 72.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €589,291 | €567,292 | €552,828 | €531,681 | ▼ 3.8% |
| Fixed assets21/28 | €552,253 | €522,698 | €494,912 | €514,132 | ▲ 3.9% |
| Tangible fixed assets22/27 | €552,253 | €522,698 | €494,912 | €514,132 | ▲ 3.9% |
| Land and buildings22 | - | - | - | €514,132 | - |
| Current assets29/58 | €37,037 | €44,594 | €57,916 | €17,549 | ▼ 69.7% |
| Amounts receivable within one year40/41 | €5,590 | €5,964 | €546 | €14,136 | ▲ 26× |
| Trade receivables40 | - | - | - | €11,599 | - |
| Other amounts receivable41 | - | - | - | €2,537 | - |
| Cash at bank and in hand54/58 | €31,447 | €38,630 | €57,370 | €3,413 | ▼ 94.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €589,291 | €567,292 | €552,828 | €531,681 | ▼ 3.8% |
| Equity10/15 | €323,244 | €337,648 | €353,732 | €358,138 | ▲ 1.2% |
| Contributions10/11 | €200,204 | €200,204 | - | €200,204 | - |
| Reserves13 | €123,040 | €137,444 | €153,528 | €157,934 | ▲ 2.9% |
| Non-distributable reserves130/1 | - | - | - | €20,020 | - |
| Reserves not available under the articles1311 | - | - | - | €20,020 | - |
| Distributable reserves133 | - | - | - | €137,914 | - |
| Amounts payable17/49 | €266,046 | €229,644 | €199,096 | €173,542 | ▼ 12.8% |
| Amounts payable after more than one year17 | €152,982 | €121,541 | €89,805 | €57,769 | ▼ 35.7% |
| Financial debts170/4 | - | - | - | €57,769 | - |
| Amounts payable within one year42/48 | €113,057 | €108,102 | €106,714 | €113,144 | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32,036 | - |
| Trade debts44 | €10,864 | €5,703 | €4,688 | €10,101 | ▲ 115% |
| Suppliers440/4 | - | - | - | €10,101 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,995 | - |
| Taxes450/3 | - | - | - | €2,219 | - |
| Remuneration and social security454/9 | - | - | - | €1,776 | - |
| Other amounts payable47/48 | - | - | - | €67,012 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,629 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,486 | €14,404 | €16,084 | €4,407 | ▼ 72.6% |
| + Depreciation and write-downs630 | €34,538 | €29,555 | €27,786 | €34,590 | ▲ 24.5% |
| Operating cash flow (approximation) | €45,024 | €43,959 | €43,870 | €38,997 | ▼ 11.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€53,810 | - |
| Change in cash | - | €7,183 | €18,740 | -€53,957 | - |
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 (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20253312 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43300147 | |
| 31-12-2019 | abbreviated format | 10-07-2020 | 2020-28700310 | |
| 31-12-2018 | abbreviated format | 04-06-2019 | 2019-15700062 | |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-19800196 | |
| 31-12-2016 | abbreviated format | 03-07-2017 | 2017-26700600 | |
| 31-12-2015 | abbreviated format | 28-07-2016 | 2016-37200117 | |
| 31-12-2014 | abbreviated format | 11-06-2015 | 2015-16700536 | |
| 31-12-2013 | abbreviated format | 05-06-2014 | 2014-15700047 | |
| 31-12-2012 | abbreviated format | 08-07-2013 | 2013-28000415 |