WE-UPGRADE
Annual accounts 2019
abbreviated format, filed on 27-10-2020, 88 days lateAnnual accounts 2020 filed on 23-02-2021 PDF
The accounts were filed as a scan.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €90,000. Estimated: probably between €48,000 and €170,000.
Balance sheet
balance sheet total €31,321 on 31-12-2019in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
31,321 | 38,357 | 56,191 | |
21/28 |
17,213 | 21,028 | 4,994 | |
22/27 |
17,213 | 21,028 | 4,994 | |
23 |
15,511 | 18,759 | 4,994 | |
26 |
1,702 | 2,269 | - | |
29/58 |
14,108 | 17,329 | 51,197 | |
40/41 |
11,461 | 14,066 | 6,391 | |
40 |
5,010 | 6,954 | - | |
41 |
6,451 | 7,112 | 6,391 | |
54/58 |
1,304 | 3,263 | 44,806 | |
490/1 |
1,343 | - | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
31,321 | 38,357 | 56,191 | |
10/15 |
-33,499 | -46,759 | -30,736 | |
10/11 |
6,200 | 6,200 | 6,200 | |
100 |
18,600 | 18,600 | 18,600 | |
101 |
12,400 | 12,400 | 12,400 | |
14 |
-39,699 | -52,959 | -36,936 | |
17/49 |
64,820 | 85,116 | 86,927 | |
17 |
18,643 | 29,711 | 38,805 | |
170/4 |
18,643 | 29,711 | 38,805 | |
42/48 |
44,461 | 50,577 | 47,122 | |
42 |
9,388 | 8,277 | 8,848 | |
44 |
8,245 | 20,839 | 18,274 | |
440/4 |
8,245 | 20,839 | 18,274 | |
47/48 |
26,828 | 21,461 | 20,000 | |
492/3 |
1,716 | 4,828 | 1,000 | |
| Income statement | ||||
9900 |
25,180 | -5,248 | -31,908 | |
630 |
7,398 | 6,557 | 1,124 | |
631/4 |
1,815 | - | 2,400 | |
640/8 |
588 | 535 | 814 | |
9901 |
15,379 | -12,340 | -36,246 | |
65/66B |
2,119 | 3,683 | 690 | |
65 |
2,119 | 3,683 | 690 | |
9903 |
13,260 | -16,023 | -36,936 | |
9904 |
13,260 | -16,023 | -36,936 | |
9905 |
13,260 | -16,023 | -36,936 | |
| Appropriation of the result | ||||
9906 |
-39,699 | -52,959 | -36,936 | |
| Document | ||||
Source: Annual accounts 2019 (PDF), filed on 27-10-2020.
Filings
each dot is a set of accounts, on the day it reached the National Bank2020 annual accounts filed 23 days after the deadline. Filed on 23 February 2021, deadline 31 January 2021 (7 months after the close on 30 June 2020, Companies Code art. 3:10). Source: NBB, 2021-06000311.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| 22,777 | -5,783 | -35,122 | ||
| 20,658 | -9,466 | -35,812 | ||
| 3,583 | 22,591 | 6,118 | ||
| -1,959 | -41,543 | - | ||
| -30,353 | -33,248 | 4,075 | ||
| -107.0% | -121.9% | -54.7% | ||
| 0.32 | 0.34 | 1.09 | ||
| 42.3% | -41.8% | -65.7% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on WE-UPGRADE
The operating result for 2019 is a profit of €15,379, after a loss of €12,340 in 2018. It is the highest result since 2017.
Equity is negative. Debt (€64,820) exceeds the balance-sheet total (€31,321).