VOLTIS
InactiveFinancials · financial year 2021, full format
2021 annual accounts filed 32 days after the deadline Filed on 1 September 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20417346.
Annual accounts 2021 filed on 01-09-2022 PDF all 31 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€488,766▼ 126%
2020 · -€216,237
Working capital
€1.0m▼ 30.0%
2020 · €1.4m
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€465,856
▼ 117%
2021
20182021
Net result
-€488,766
▼ 126%
2021
20182021
Equity
no figure
2021
20182021
Total assets
€2.4m
▼ 5.7%
2021
20182021
Debt
€1.5m
▲ 30.3%
2021
20182021
Working capital
€1.0m
▼ 30.0%
2021
20182021
Staff (FTE)
14.2
▼ 11.8%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€0.04m--€0.01m▲ 67.1%-€0.2m▼ 1,487%-€0.5m▼ 117%
Net result-€0.02m-€0.001m-€0.2m-€0.5m▼ 126%
Equity€1.6m-€1.6m▲ 0.1%€1.4m▼ 13.8%
Total assets€3.5m-€2.7m▼ 22.4%€2.5m▼ 8.5%€2.4m▼ 5.7%
Debt€1.9m-€1.2m▼ 40.4%€1.1m▼ 1.5%€1.5m▲ 30.3%
Working capital€1.5m-€1.6m▲ 3.2%€1.4m▼ 10.5%€1.0m▼ 30.0%
Staff (FTE)34-18.1▼ 46.8%16.1▼ 11.0%14.2▼ 11.8%
The operating result for 2021 is a loss of €465,856, larger than the loss of €214,551 in 2020. It is the lowest result since 2018.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.4m
Fixed assets
€61,764 ▼ 26.5%
Current assets
€2.3m ▼ 5.0%
Key figures and ratios
EBITDA
-€428,078▼
2020 · -€121,240
Cash flow
-€450,988▼
2020 · -€122,926
Current ratio
1.77▼
2020 · 2.45
Quick ratio
1.07▼
2020 · 1.60
ROA
-20.8%▼
2020 · -8.7%
Interest coverage
-20.61
Debt ≤ 1 year
€1.3m▲
2020 · €983,078
Debt > 1 year
€147,665▲
2020 · €104,631
Income taxes
€15,664▲
2020 · €52
Staff costs
€628,976
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2019 | 2021 |
|---|---|---|
| Debts secured on the company's own assets | €207,446 | €184,639 |
| Debts guaranteed by Belgian public bodies | - | €66,600 |
Source: notes to the 2019 to 2021 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2019 | 2021 |
|---|---|---|
| Tangible fixed assets | €3,533 | €14,756 |
| Financial fixed assets | - | €747 |
| Depreciation and write-downs of the year | €119,692 | €37,778 |
Source: notes to the 2019 to 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0.7m | - | €0.6m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.09m | €0.04m | ▼ 59.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€0.02m | - | -€0.3m | - |
| Other operating charges640/8 | - | €0.009m | - | €0.02m | - |
| Gross operating margin9900 | €1.8m | €0.8m | €0.5m | -€0.03m | - |
| Operating profit (loss)9901 | -€0.04m | -€0.01m | -€0.2m | -€0.5m | ▼ 117% |
| Financial income75/76B | - | €0.05m | - | €0.01m | - |
| Recurring financial income75 | €0.07m | €0.05m | €0.03m | €0.01m | ▼ 56.7% |
| Financial charges65/66B | - | €0.03m | - | €0.02m | - |
| Recurring financial charges65 | €0.04m | €0.03m | €0.03m | €0.02m | ▼ 36.9% |
| Profit (loss) for the period before taxes9903 | -€0.008m | €0.004m | -€0.2m | -€0.5m | ▼ 119% |
| Income taxes67/77 | €0.02m | €0.003m | €52 | €0.02m | ▲ 301× |
| Profit (loss) for the period9904 | -€0.02m | €0.001m | -€0.2m | -€0.5m | ▼ 126% |
| Profit (loss) for the period to be appropriated9905 | -€0.02m | €0.001m | -€0.2m | -€0.5m | ▼ 126% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.5m | €2.7m | €2.5m | €2.4m | ▼ 5.7% |
| Fixed assets21/28 | €0.3m | €0.2m | €0.08m | €0.06m | ▼ 26.5% |
| Intangible fixed assets21 | €0.05m | €0.04m | €0.03m | €0.01m | ▼ 46.7% |
| Tangible fixed assets22/27 | €0.2m | €0.1m | €0.05m | €0.04m | ▼ 21.3% |
| Land and buildings22 | - | €0.1m | - | €0.03m | - |
| Furniture and vehicles24 | - | €0.02m | - | €0.007m | - |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.007m | ▲ 12.2% |
| Current assets29/58 | €3.2m | €2.6m | €2.4m | €2.3m | ▼ 5.0% |
| Amounts receivable after more than one year29 | - | €1.1m | - | €1.1m | - |
| Other amounts receivable291 | - | €1.1m | - | €1.1m | - |
| Stocks and contracts in progress3 | €1.7m | €1.1m | €0.8m | €0.9m | ▲ 8.0% |
| Stocks30/36 | - | €1.1m | - | €0.9m | - |
| Amounts receivable within one year40/41 | €0.5m | €0.2m | €0.1m | €0.1m | ▼ 4.5% |
| Trade receivables40 | - | €0.1m | - | €0.1m | - |
| Other amounts receivable41 | - | €0.05m | - | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.2m | €0.4m | €0.1m | ▼ 73.7% |
| Deferred charges and accrued income490/1 | - | €0.02m | - | €0.06m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.5m | €2.7m | €2.5m | €2.4m | ▼ 5.7% |
| Equity10/15 | €1.6m | €1.6m | €1.4m | - | - |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | €0.2m | - | €0.2m | - |
| Issued capital100 | - | €0.2m | - | €0.2m | - |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | - |
| Legal reserve130 | - | €0.02m | - | €0.02m | - |
| Tax-exempt reserves132 | - | €0.03m | - | €0.03m | - |
| Profit (loss) carried forward14 | €1.4m | €1.4m | €1.2m | €0.7m | ▼ 42.2% |
| Amounts payable17/49 | €1.9m | €1.2m | €1.1m | €1.5m | ▲ 30.3% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | €0.1m | ▲ 41.1% |
| Financial debts170/4 | - | €0.1m | - | €0.1m | - |
| Amounts payable within one year42/48 | €1.7m | €1.0m | €1.0m | €1.3m | ▲ 31.5% |
| Current portion of amounts payable after more than one year42 | - | €0.07m | - | €0.1m | - |
| Trade debts44 | €1.2m | €0.8m | €0.7m | €1.0m | ▲ 41.4% |
| Suppliers440/4 | - | €0.8m | - | €1.0m | - |
| Advances received on contracts in progress46 | - | €494 | - | - | - |
| Taxes, remuneration and social security45 | - | €0.1m | - | €0.1m | - |
| Taxes450/3 | - | €0.03m | - | €0.04m | - |
| Remuneration and social security454/9 | - | €0.08m | - | €0.07m | - |
| Other amounts payable47/48 | - | - | - | €0.1m | - |
| Accrued charges and deferred income492/3 | - | €0.06m | - | €0.05m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,779 | €946 | -€216,237 | -€488,766 | ▼ 126% |
| + Depreciation and write-downs630 | €118,528 | €119,692 | €93,311 | €37,778 | ▼ 59.5% |
| Operating cash flow (approximation) | €94,748 | €120,638 | -€122,926 | -€450,988 | ▼ 267% |
| Investment in fixed assets (approximation) | - | -€3,342 | -€9,156 | -€15,502 | ▼ 69.3% |
| Change in cash | - | -€181,513 | €204,447 | -€292,955 | - |
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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | full format | 01-09-2022 | 2022-20417346 | |
| 31-12-2020 | full format | 07-07-2021 | 2021-33000502 | |
| 31-12-2019 | full format | 08-07-2020 | 2020-27600088 | |
| 31-12-2018 | full format | 28-06-2019 | 2019-26700095 | |
| 31-12-2017 | full format | 16-05-2018 | 2018-13100194 | |
| 31-12-2016 | full format | 30-05-2017 | 2017-14300510 | |
| 31-12-2015 | full format | 12-05-2016 | 2016-12100462 | |
| 31-12-2014 | full format | 29-04-2015 | 2015-11100391 | |
| 31-12-2013 | full format | 21-05-2014 | 2014-13200254 | |
| 31-12-2012 | full format | 19-07-2013 | 2013-33200137 |