VUNGA-TRANS
Dissolution or liquidationFinancials · financial year 2022, micro format
2022 annual accounts filed 296 days after the deadline Filed on 22 May 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00092790.
Annual accounts 2022 filed on 22-05-2024 PDF all 5 filings
Turnover
≈ €100,000
Estimated: probably between €76,000 and €150,000
Total assets
€167,410▲ 2.9%
2021 · €162,657
Net result
€10,675▼ 76.6%
2021 · €45,570
Working capital
€85,469▲ 13.6%
2021 · €75,207
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€8,443
▼ 86.4%
2022
20182022
Net result
€10,675
▼ 76.6%
2022
middle half of the sector
20182022
Equity
€85,882
▲ 14.2%
2022
middle half of the sector
20182022
Total assets
€167,410
▲ 2.9%
2022
middle half of the sector
20182022
Debt
€81,528
▼ 6.8%
2022
20182022
Working capital
€85,469
▲ 13.6%
2022
highest quarter of the sector
20182022
Solvency
51.3%
▲ 5.1pp
2022
middle half of the sector
20182022
Current ratio
2.05
▲ 0.19
2022
middle half of the sector
20182022
Return on assets (ROA)
6.4%
▼ 21.6pp
2022
middle half of the sector
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€11,600-€15,184▲ 30.9%€13,931▼ 8.3%€62,192▲ 346%€8,443▼ 86.4%
Net result€7,522-€7,110▼ 5.5%€8,806within the sector's middle half▲ 23.9%€45,570above the sector's middle half▲ 418%€10,675within the sector's middle half▼ 76.6%
Equity€13,722-€20,832▲ 51.8%€29,638within the sector's middle half▲ 42.3%€75,207within the sector's middle half▲ 154%€85,882within the sector's middle half▲ 14.2%
Total assets€32,100-€57,804▲ 80.1%€92,913within the sector's middle half▲ 60.7%€162,657within the sector's middle half▲ 75.1%€167,410within the sector's middle half▲ 2.9%
Debt€18,378-€36,971▲ 101%€63,276▲ 71.1%€87,449▲ 38.2%€81,528▼ 6.8%
Working capital€13,372-€17,114▲ 28.0%€27,767within the sector's middle half▲ 62.2%€75,207above the sector's middle half▲ 171%€85,469above the sector's middle half▲ 13.6%
Solvency42.7%-36.0%▼ 6.7pp31.9%within the sector's middle half▼ 4.1pp46.2%within the sector's middle half▲ 14.3pp51.3%within the sector's middle half▲ 5.1pp
Current ratio1.73-1.53▼ 0.201.45within the sector's middle half▼ 0.071.86within the sector's middle half▲ 0.412.05within the sector's middle half▲ 0.19
Return on assets (ROA)23.4%-12.3%▼ 11.1pp9.5%within the sector's middle half▼ 2.8pp28.0%above the sector's middle half▲ 18.5pp6.4%within the sector's middle half▼ 21.6pp
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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 2022 is 86% lower than in 2021 and the lowest since 2018.
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
2022 in colour, 2021 as the grey bar beneath
Assets €167,410
Fixed assets
€413
Current assets
€166,997
Equity and liabilities €167,410
Equity
€85,882 ▲ 14.2%
Debt
€81,528 ▼ 6.8%
Debt's share of the balance-sheet total falls from 53.8% to 48.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,607▼
2021 · €66,178
Cash flow
€10,839▼
2021 · €49,555
Debt to equity
0.95▼
2021 · 1.16
ROE
12.4%▼
2021 · 60.6%
Interest coverage
7.54▼
2021 · 56.34
Debt ≤ 1 year
€81,528▼
2021 · €87,449
Income taxes
€6,913▼
2021 · €22,268
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2020 | 2021 | 2022 |
|---|---|---|---|
| Tangible fixed assets | - | - | €578 |
| Depreciation and write-downs of the year | €3,985 | €3,986 | €165 |
Source: notes to the 2020 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2,321 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,985 | €3,985 | €3,986 | €165 | ▼ 95.9% |
| Other operating charges640/8 | - | - | €20,728 | €33,016 | €18,006 | ▼ 45.5% |
| Non-recurring operating charges66A | - | - | €4,694 | €10,221 | €2,702 | ▼ 73.6% |
| Gross operating margin9900 | €23,506 | €58,502 | €45,658 | €109,414 | €29,315 | ▼ 73.2% |
| Operating profit (loss)9901 | €11,600 | €15,184 | €13,931 | €62,192 | €8,443 | ▼ 86.4% |
| Financial income75/76B | - | - | €4,898 | €6,821 | €10,286 | ▲ 50.8% |
| Recurring financial income75 | €1 | €1,940 | €4,898 | €6,821 | €10,286 | ▲ 50.8% |
| Financial charges65/66B | - | - | €5,915 | €1,175 | €1,141 | ▼ 2.8% |
| Recurring financial charges65 | €890 | €6,470 | €5,915 | €1,175 | €1,141 | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €10,710 | €10,653 | €12,914 | €67,838 | €17,587 | ▼ 74.1% |
| Income taxes67/77 | €3,188 | €3,544 | €4,108 | €22,268 | €6,913 | ▼ 69.0% |
| Profit (loss) for the period9904 | €7,522 | €7,110 | €8,806 | €45,570 | €10,675 | ▼ 76.6% |
| Profit (loss) for the period to be appropriated9905 | €7,522 | €7,110 | €8,806 | €45,570 | €10,675 | ▼ 76.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,100 | €57,804 | €92,913 | €162,657 | €167,410 | ▲ 2.9% |
| Fixed assets21/28 | €350 | €8,321 | €3,986 | - | €413 | - |
| Tangible fixed assets22/27 | - | €7,971 | €3,986 | - | €413 | - |
| Furniture and vehicles24 | - | - | €3,986 | - | €413 | - |
| Financial fixed assets28 | €350 | €350 | - | - | - | - |
| Current assets29/58 | €31,750 | €49,483 | €88,928 | €162,657 | €166,997 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €30,544 | €47,675 | €76,961 | €161,613 | €166,913 | ▲ 3.3% |
| Trade receivables40 | - | - | €1,104 | €26,954 | €3,177 | ▼ 88.2% |
| Other amounts receivable41 | - | - | €75,857 | €134,660 | €163,736 | ▲ 21.6% |
| Cash at bank and in hand54/58 | €1,206 | €1,517 | €11,967 | €0 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,043 | €83 | ▼ 92.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,100 | €57,804 | €92,913 | €162,657 | €167,410 | ▲ 2.9% |
| Equity10/15 | €13,722 | €20,832 | €29,638 | €75,207 | €85,882 | ▲ 14.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €7,522 | €14,632 | €23,438 | €69,007 | €79,682 | ▲ 15.5% |
| Amounts payable17/49 | €18,378 | €36,971 | €63,276 | €87,449 | €81,528 | ▼ 6.8% |
| Amounts payable after more than one year17 | - | €4,603 | €2,115 | - | - | - |
| Financial debts170/4 | - | - | €2,115 | - | - | - |
| Amounts payable within one year42/48 | €18,378 | €32,369 | €61,161 | €87,449 | €81,528 | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | €4,944 | €1,034 | €5,000 | ▲ 384% |
| Financial debts43 | - | - | €12,675 | - | €4,946 | - |
| Credit institutions430/8 | - | - | €12,675 | - | €4,946 | - |
| Trade debts44 | €14,018 | €15,955 | €30,862 | €49,860 | €25,796 | ▼ 48.3% |
| Suppliers440/4 | - | - | €30,862 | €49,860 | €25,796 | ▼ 48.3% |
| Taxes, remuneration and social security45 | - | - | €12,680 | €36,556 | €45,786 | ▲ 25.2% |
| Taxes450/3 | - | - | €12,680 | €36,556 | €45,786 | ▲ 25.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,522 | €7,110 | €8,806 | €45,570 | €10,675 | ▼ 76.6% |
| + Depreciation and write-downs630 | - | €3,985 | €3,985 | €3,986 | €165 | ▼ 95.9% |
| Operating cash flow (approximation) | €7,522 | €11,095 | €12,790 | €49,555 | €10,839 | ▼ 78.1% |
| Investment in fixed assets (approximation) | - | -€11,955 | €350 | - | - | - |
| Change in cash | - | €311 | €10,450 | -€11,967 | - | - |
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 |
|---|---|---|---|---|
| 31-12-2022 | micro format | 22-05-2024 | 2024-00092790 | |
| 31-12-2021 | micro format | 11-03-2024 | 2024-00043976 | |
| 31-12-2020 | micro format | 22-05-2024 | 2024-00092734 | |
| 31-12-2019 | micro format | 30-12-2020 | 2020-77900313 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68100400 |