WALMAT
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (92 days) Filed on 31 October 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00522402.
Equity
-€27,455▲ 30.2%
2022 · -€39,318
Total assets
€181,483▼ 14.4%
2022 · €212,093
Net result
€11,863
2022 · -€96,888
Working capital
-€18,541▲ 76.2%
2022 · -€77,816
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result returns to profit in 2023: €26,184 after a loss of €87,927 in 2022, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€26,184
2023
Net result€11,863
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€181,483
2023
Equity-€27,455
2023
Debt€208,937
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€18,541
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)6.5%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-15.1%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.90
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€66,928-€16,455▼ 75.4%-€56,634-€129,420▼ 129%-€87,927▲ 32.1%€26,184
Net result€48,840-€7,790▼ 84.0%-€65,875below the sector's middle half-€143,452below the sector's middle half▼ 118%-€96,888below the sector's middle half▲ 32.5%€11,863within the sector's middle half
Equity€259,108-€266,898▲ 3.0%€201,023above the sector's middle half▼ 24.7%€57,570within the sector's middle half▼ 71.4%-€39,318below the sector's middle half-€27,455below the sector's middle half▲ 30.2%
Total assets€380,046-€512,944▲ 35.0%€420,502within the sector's middle half▼ 18.0%€273,111within the sector's middle half▼ 35.1%€212,093within the sector's middle half▼ 22.3%€181,483within the sector's middle half▼ 14.4%
Debt€120,939-€246,046▲ 103%€219,479▼ 10.8%€215,540▼ 1.8%€251,411▲ 16.6%€208,937▼ 16.9%
Working capital€239,968-€196,615▼ 18.1%€143,627above the sector's middle half▼ 27.0%€6,734within the sector's middle half▼ 95.3%-€77,816below the sector's middle half-€18,541below the sector's middle half▲ 76.2%
Solvency68.2%-52.0%▼ 16.1pp47.8%within the sector's middle half▼ 4.2pp21.1%within the sector's middle half▼ 26.7pp-18.5%below the sector's middle half▼ 39.6pp-15.1%below the sector's middle half▲ 3.4pp
Current ratio2.98-2.49▼ 0.502.13within the sector's middle half▼ 0.361.05within the sector's middle half▼ 1.080.62below the sector's middle half▼ 0.420.90below the sector's middle half▲ 0.28
Return on assets (ROA)12.9%-1.5%▼ 11.3pp-15.7%below the sector's middle half▼ 17.2pp-52.5%below the sector's middle half▼ 36.9pp-45.7%below the sector's middle half▲ 6.8pp6.5%within the sector's middle half▲ 52.2pp
Staff (FTE)1.2-1▼ 16.7%1within the sector's middle half=1=1=1=
above
within
below
the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €181,483
Fixed assets
€14,925 ▼ 82.3%
Current assets
€166,558 ▲ 30.6%
Equity and liabilities
Equity-€27,455
Debt€208,937
Equity is negative: debt (€208,937) exceeds the balance-sheet total (€181,483).
Key figures and ratios
EBITDA
€54,860▲
2022 · -€52,131
Cash flow
€40,539▲
2022 · -€61,093
Quick ratio
0.85▲
2022 · 0.57
Interest coverage
3.49▲
2022 · -3.65
Debt ≤ 1 year
€185,099▼
2022 · €205,381
Debt > 1 year
€23,838▼
2022 · €46,031
Income taxes
€158▲
2022 · -€3,573
Staff costs
€60,068▲
2022 · €49,542
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €78 | €2,839 | €102,114 | ▲ 3,497% |
| Remuneration, social security and pensions62 | - | - | - | €56,456 | €49,542 | €60,068 | ▲ 21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €919 | €34,641 | €34,641 | €34,919 | €35,796 | €28,676 | ▼ 19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | -€18,348 | - |
| Other operating charges640/8 | - | - | - | €4,870 | €9,362 | €36,122 | ▲ 286% |
| Non-recurring operating charges66A | - | - | - | €151,182 | €9,584 | €15,489 | ▲ 61.6% |
| Gross operating margin9900 | €136,253 | €117,977 | €93,066 | €118,006 | €16,357 | €148,191 | ▲ 806% |
| Operating profit (loss)9901 | €66,928 | €16,455 | -€56,634 | -€129,420 | -€87,927 | €26,184 | - |
| Financial income75/76B | - | - | - | €1,192 | €1,763 | €1,559 | ▼ 11.6% |
| Recurring financial income75 | €4,696 | €2,001 | €1,502 | €1,192 | €1,763 | €1,559 | ▼ 11.6% |
| Financial charges65/66B | - | - | - | €10,320 | €14,297 | €15,722 | ▲ 10.0% |
| Recurring financial charges65 | €8,704 | €10,525 | €10,495 | €10,320 | €14,297 | €15,722 | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €62,920 | €7,930 | -€65,627 | -€138,549 | -€100,461 | €12,021 | - |
| Income taxes67/77 | €14,080 | €140 | €248 | €4,903 | -€3,573 | €158 | - |
| Profit (loss) for the period9904 | €48,840 | €7,790 | -€65,875 | -€143,452 | -€96,888 | €11,863 | - |
| Profit (loss) for the period to be appropriated9905 | €48,840 | €7,790 | -€65,875 | -€143,452 | -€96,888 | €11,863 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €380,046 | €512,944 | €420,502 | €273,111 | €212,093 | €181,483 | ▼ 14.4% |
| Fixed assets21/28 | €19,140 | €184,115 | €149,474 | €120,325 | €84,529 | €14,925 | ▼ 82.3% |
| Tangible fixed assets22/27 | €17,659 | €182,634 | €147,993 | €118,844 | €83,048 | €3,185 | ▼ 96.2% |
| Land and buildings22 | - | - | - | €11,734 | €11,734 | - | - |
| Plant, machinery and equipment23 | - | - | - | €50,024 | €42,163 | €1,967 | ▼ 95.3% |
| Furniture and vehicles24 | - | - | - | €2,042 | €1,630 | €1,217 | ▼ 25.3% |
| Leasing and similar rights25 | - | - | - | €55,044 | €27,522 | - | - |
| Financial fixed assets28 | €1,481 | €1,481 | €1,481 | €1,481 | €1,481 | €11,740 | ▲ 693% |
| Current assets29/58 | €360,907 | €328,829 | €271,028 | €152,786 | €127,564 | €166,558 | ▲ 30.6% |
| Stocks and contracts in progress3 | €12,980 | €11,680 | €11,600 | €12,800 | €10,000 | €10,000 | = |
| Stocks30/36 | - | - | - | €12,800 | €10,000 | €10,000 | = |
| Amounts receivable within one year40/41 | €308,249 | €276,246 | €250,223 | €134,761 | €107,706 | €101,152 | ▼ 6.1% |
| Trade receivables40 | - | - | - | €94,729 | €67,674 | €72,456 | ▲ 7.1% |
| Other amounts receivable41 | - | - | - | €40,032 | €40,032 | €28,696 | ▼ 28.3% |
| Cash at bank and in hand54/58 | €22,394 | €29,878 | €2,669 | €1,303 | €8,130 | €53,089 | ▲ 553% |
| Deferred charges and accrued income490/1 | - | - | - | €3,922 | €1,729 | €2,317 | ▲ 34.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €380,046 | €512,944 | €420,502 | €273,111 | €212,093 | €181,483 | ▼ 14.4% |
| Equity10/15 | €259,108 | €266,898 | €201,023 | €57,570 | -€39,318 | -€27,455 | ▲ 30.2% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €103,439 | €103,439 | €103,439 | €103,439 | €103,439 | €103,439 | = |
| Non-distributable reserves130/1 | - | - | - | €11,093 | €11,093 | - | - |
| Reserves not available under the articles1311 | - | - | - | €11,093 | €11,093 | - | - |
| Distributable reserves133 | - | - | - | €92,346 | €92,346 | €103,439 | ▲ 12.0% |
| Profit (loss) carried forward14 | €137,076 | €144,867 | €78,991 | -€64,461 | -€161,349 | -€149,486 | ▲ 7.4% |
| Amounts payable17/49 | €120,939 | €246,046 | €219,479 | €215,540 | €251,411 | €208,937 | ▼ 16.9% |
| Amounts payable after more than one year17 | - | €113,833 | €92,078 | €69,488 | €46,031 | €23,838 | ▼ 48.2% |
| Financial debts170/4 | - | - | - | €69,488 | €46,031 | €23,838 | ▼ 48.2% |
| Amounts payable within one year42/48 | €120,939 | €132,214 | €127,401 | €146,052 | €205,381 | €185,099 | ▼ 9.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,590 | €23,497 | €22,232 | ▼ 5.4% |
| Financial debts43 | - | - | - | €18,957 | €26,009 | €21,720 | ▼ 16.5% |
| Credit institutions430/8 | - | - | - | €18,957 | €26,009 | €21,720 | ▼ 16.5% |
| Trade debts44 | - | €1,397 | €8,013 | €22,026 | €69,908 | €68,588 | ▼ 1.9% |
| Suppliers440/4 | - | - | - | €22,026 | €69,908 | €68,588 | ▼ 1.9% |
| Taxes, remuneration and social security45 | - | - | - | €76,512 | €83,008 | €67,800 | ▼ 18.3% |
| Taxes450/3 | - | - | - | €47,456 | €30,797 | €50,664 | ▲ 64.5% |
| Remuneration and social security454/9 | - | - | - | €29,056 | €52,211 | €17,136 | ▼ 67.2% |
| Other amounts payable47/48 | - | - | - | €5,967 | €2,959 | €4,760 | ▲ 60.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,840 | €7,790 | -€65,875 | -€143,452 | -€96,888 | €11,863 | - |
| + Depreciation and write-downs630 | €919 | €34,641 | €34,641 | €34,919 | €35,796 | €28,676 | ▼ 19.9% |
| Operating cash flow (approximation) | €49,759 | €42,432 | -€31,234 | -€108,533 | -€61,093 | €40,539 | - |
| Investment in fixed assets (approximation) | - | -€199,617 | €0 | -€5,770 | €0 | €40,928 | - |
| Change in cash | - | €7,484 | -€27,208 | -€1,366 | €6,827 | €44,959 | ▲ 559% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 31-10-2024 | 2024-00522402 |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00358277 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20332863 |
| 31-12-2020 | micro format | 16-12-2021 | 2021-80400243 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66200278 |
| 31-12-2018 | micro format | 16-10-2019 | 2019-70800548 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59300134 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-53300573 |
| 31-12-2015 | full format | 26-08-2016 | 2016-48900262 |
| 31-12-2014 | full format | 31-08-2015 | 2015-52700310 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 3,417 active companies whose main activity is machining of metals (NACE 25530), figures are known for 1,647. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.