WELL'S DIFFUSION
InactiveFinancials · financial year 2021, micro format
2021 annual accounts filed 46 days after the deadline Filed on 15 September 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20433026.
Annual accounts 2021 filed on 15-09-2022 PDF all 30 filings
Equity
€133,191▼ 10.9%
2020 · €149,417
Total assets
€255,381▲ 20.9%
2020 · €211,215
Net result
-€16,226
2020 · €71,784
Working capital
€133,025▼ 10.9%
2020 · €149,251
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€15,938
2021
20182021
Net result
-€16,226
2021
20182021
Equity
€133,191
▼ 10.9%
2021
20182021
Total assets
€255,381
▲ 20.9%
2021
20182021
Debt
€122,190
▲ 97.7%
2021
20182021
Working capital
€133,025
▼ 10.9%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€104,257-€123,517▲ 18.5%€71,784▼ 41.9%-€15,938
Net result€101,057-€123,469▲ 22.2%€71,784▼ 41.9%-€16,226
Equity-€45,836-€77,633€149,417▲ 92.5%€133,191▼ 10.9%
Total assets€160,136-€407,732▲ 155%€211,215▼ 48.2%€255,381▲ 20.9%
Debt€205,972-€330,099▲ 60.3%€61,799▼ 81.3%€122,190▲ 97.7%
Working capital-€138,335-€31,300€149,251▲ 377%€133,025▼ 10.9%
The operating result for 2021 is a loss of €15,938, after a profit of €71,784 in 2020. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €255,381
Fixed assets
€166 =
Current assets
€255,215 ▲ 20.9%
Equity and liabilities €255,381
Equity
€133,191 ▼ 10.9%
Debt
€122,190 ▲ 97.7%
Debt's share of the balance-sheet total rises from 29.3% to 47.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.09▼
2020 · 3.42
Debt to equity
0.92
ROE
-12.2%▼
2020 · 48.0%
ROA
-6.4%▼
2020 · 34.0%
Debt ≤ 1 year
€122,190▲
2020 · €61,799
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,167 | €46,167 | €46,167 | - | - |
| Other operating charges640/8 | - | - | - | €691 | - |
| Gross operating margin9900 | €150,424 | €169,742 | €117,950 | -€15,247 | - |
| Operating profit (loss)9901 | €104,257 | €123,517 | €71,784 | -€15,938 | - |
| Financial charges65/66B | - | - | - | €288 | - |
| Recurring financial charges65 | - | €48 | - | €288 | - |
| Profit (loss) for the period before taxes9903 | €104,257 | €123,469 | €71,784 | -€16,226 | - |
| Income taxes67/77 | €3,200 | - | - | - | - |
| Profit (loss) for the period9904 | €101,057 | €123,469 | €71,784 | -€16,226 | - |
| Profit (loss) for the period to be appropriated9905 | €101,057 | €123,469 | €71,784 | -€16,226 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €160,136 | €407,732 | €211,215 | €255,381 | ▲ 20.9% |
| Fixed assets21/28 | €92,499 | €46,333 | €166 | €166 | = |
| Intangible fixed assets21 | €92,333 | €46,167 | - | - | - |
| Financial fixed assets28 | €166 | €166 | €166 | €166 | = |
| Current assets29/58 | €67,637 | €361,399 | €211,049 | €255,215 | ▲ 20.9% |
| Amounts receivable within one year40/41 | €64,735 | €357,380 | €207,030 | €254,845 | ▲ 23.1% |
| Trade receivables40 | - | - | - | €254,845 | - |
| Cash at bank and in hand54/58 | €2,531 | €3,649 | €3,649 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €370 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €160,136 | €407,732 | €211,215 | €255,381 | ▲ 20.9% |
| Equity10/15 | -€45,836 | €77,633 | €149,417 | €133,191 | ▼ 10.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | - |
| Issued capital100 | - | - | - | €62,000 | - |
| Reserves13 | €89,649 | €89,649 | €89,649 | €89,649 | = |
| Non-distributable reserves130/1 | - | - | - | €3,099 | - |
| Legal reserve130 | - | - | - | €3,099 | - |
| Distributable reserves133 | - | - | - | €86,550 | - |
| Profit (loss) carried forward14 | -€197,485 | -€74,016 | -€2,233 | -€18,458 | ▼ 727% |
| Amounts payable17/49 | €205,972 | €330,099 | €61,799 | €122,190 | ▲ 97.7% |
| Amounts payable within one year42/48 | €205,972 | €330,099 | €61,799 | €122,190 | ▲ 97.7% |
| Financial debts43 | - | - | - | €7,242 | - |
| Credit institutions430/8 | - | - | - | €7,242 | - |
| Trade debts44 | - | €179,082 | €56,368 | €86,927 | ▲ 54.2% |
| Suppliers440/4 | - | - | - | €86,927 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,662 | - |
| Taxes450/3 | - | - | - | €3,662 | - |
| Other amounts payable47/48 | - | - | - | €24,360 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,057 | €123,469 | €71,784 | -€16,226 | - |
| + Depreciation and write-downs630 | €46,167 | €46,167 | €46,167 | - | - |
| Operating cash flow (approximation) | €147,224 | €169,636 | €117,950 | -€16,226 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €1,118 | €0 | - | - |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 15-09-2022 | 2022-20433026 | |
| 31-12-2020 | micro format | 14-09-2021 | 2021-67300255 | |
| 31-12-2019 | micro format | 20-11-2020 | 2020-71400312 | |
| 31-12-2018 | micro format | 05-12-2019 | 2019-75700474 | |
| 31-12-2017 | micro format | 11-06-2019 | 2019-17800495 | |
| 31-12-2016 | micro format | 11-11-2017 | 2017-69800043 | |
| 31-12-2015 | full format | 20-06-2016 | 2016-20500259 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-54000191 | |
| 31-12-2013 | full format | 28-08-2014 | 2014-52800569 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-56300485 |