WILLOQUE
InactiveFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 21-06-2023 PDF all 33 filings
Turnover
≈ €1.9m
Estimated: probably between €1.2m and €3.3m
Total assets
€3.1m▲ 29.1%
2022 · €2.4m
Net result
€49,624▼ 59.6%
2022 · €122,745
Working capital
€742,352▼ 11.1%
2022 · €834,681
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result for 2023 is 53% lower than in 2022.
Operating result€0.09m
2023
Net result€0.05m
2023
Total assets€3.1m
2023
Equity€0.7m
2023
Debt€2.4m
2023
Working capital€0.7m
2023
Staff (FTE)13.4
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€0.03m-€0.06m▲ 86.1%€0.02m▼ 59.4%€0.2m▲ 713%€0.09m▼ 52.6%
Net result€0.008m-€0.04m▲ 457%€0.008m▼ 82.4%€0.1m▲ 16×€0.05m▼ 59.6%
Equity€0.5m-€0.5m▲ 6.8%€0.6m▲ 1.4%€0.7m▲ 22.2%€0.7m▲ 7.3%
Total assets€2.4m-€2.4m▼ 1.1%€2.7m▲ 13.5%€2.4m▼ 11.2%€3.1m▲ 29.1%
Debt€1.9m-€1.8m▼ 3.2%€2.2m▲ 17.1%€1.7m▼ 19.8%€2.4m▲ 37.5%
Working capital€0.6m-€0.6m▼ 8.7%€0.8m▲ 40.8%€0.8m▲ 0.3%€0.7m▼ 11.1%
Staff (FTE)12.1-12.1=12.7▲ 5.0%13.5▲ 6.3%13.4▼ 0.7%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3.1m
Fixed assets
€245,356 ▲ 77.0%
Current assets
€2.9m ▲ 26.1%
Equity and liabilities €3.1m
Equity
€726,371 ▲ 7.3%
Debt
€2.4m ▲ 37.5%
Debt's share of the balance-sheet total rises from 71.9% to 76.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140,401▼
2022 · €240,110
Cash flow
€99,135▼
2022 · €170,987
Current ratio
1.35▼
2022 · 1.58
Quick ratio
0.66▲
2022 · 0.63
Debt to equity
3.28▲
2022 · 2.56
ROE
6.8%▼
2022 · 18.1%
ROA
1.6%▼
2022 · 5.1%
Interest coverage
3.56▼
2022 · 6.50
Debt ≤ 1 year
€2.1m▲
2022 · €1.4m
Debt > 1 year
€261,337▼
2022 · €296,574
Income taxes
€4,808▼
2022 · €35,381
Staff costs
€651,459▲
2022 · €508,677
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-01-2022 | 28-02-2023 |
|---|---|---|
| Employees at the balance-sheet date | 13 | 14 |
| full-time | 12 | 11 |
| part-time | 1 | 3 |
| in full-time equivalents | 12.5 | 13.2 |
| Average over the year, in full-time equivalents | 13.5 | 13.4 |
| On a permanent contract | 11 | 12 |
| Joined | 257 | 359 |
| Left | 259 | 358 |
| Training hours | 488 | - |
Source: social balance sheet in the 2022 to 2023 annual accounts
Securities and guarantees
| Item | 31-01-2022 | 28-02-2023 |
|---|---|---|
| Debts secured on the company's own assets | €1.2m | €411,405 |
| Debts guaranteed by Belgian public bodies | €120,000 | €96,000 |
| Pledge on the business | €1.4m | - |
| Mandates to pledge the business | - | €1.3m |
Source: notes to the 2022 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-01-2022 | 28-02-2023 |
|---|---|---|
| Tangible fixed assets | - | €156,228 |
| Depreciation and write-downs of the year | €48,242 | €49,512 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €508,677 | €651,459 | ▲ 28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,396 | €83,584 | €80,043 | €48,242 | €49,512 | ▲ 2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,700 | €19,565 | ▲ 12× |
| Other operating charges640/8 | - | - | - | €5,126 | €5,137 | ▲ 0.2% |
| Non-recurring operating charges66A | - | - | - | €124 | €6,806 | ▲ 55× |
| Gross operating margin9900 | €622,846 | €596,763 | €472,773 | €755,738 | €823,368 | ▲ 8.9% |
| Operating profit (loss)9901 | €31,244 | €58,152 | €23,599 | €191,868 | €90,889 | ▼ 52.6% |
| Financial income75/76B | - | - | - | €3,204 | €2,968 | ▼ 7.4% |
| Recurring financial income75 | €6,505 | €17,477 | €7,207 | €3,204 | €2,968 | ▼ 7.4% |
| Financial charges65/66B | - | - | - | €36,946 | €39,425 | ▲ 6.7% |
| Recurring financial charges65 | €29,708 | €30,846 | €22,907 | €36,946 | €39,425 | ▲ 6.7% |
| Profit (loss) for the period before taxes9903 | €8,041 | €44,782 | €7,898 | €158,126 | €54,431 | ▼ 65.6% |
| Income taxes67/77 | - | - | - | €35,381 | €4,808 | ▼ 86.4% |
| Profit (loss) for the period9904 | €8,041 | €44,782 | €7,898 | €122,745 | €49,624 | ▼ 59.6% |
| Profit (loss) for the period to be appropriated9905 | €8,041 | €44,782 | €7,898 | €122,745 | €49,624 | ▼ 59.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.4m | €2.7m | €2.4m | €3.1m | ▲ 29.1% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.2m | €0.1m | €0.2m | ▲ 77.0% |
| Intangible fixed assets21 | €0.1m | €0.08m | €0.04m | €0.04m | €0.03m | ▼ 21.1% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 113% |
| Land and buildings22 | - | - | - | €0.1m | €0.2m | ▲ 106% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.008m | ▲ 446% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.004m | ▲ 406% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | - | - | - |
| Current assets29/58 | €2.1m | €2.1m | €2.5m | €2.3m | €2.9m | ▲ 26.1% |
| Stocks and contracts in progress3 | €1.2m | €1.2m | €1.4m | €1.4m | €1.5m | ▲ 7.5% |
| Stocks30/36 | - | - | - | €1.4m | €1.5m | ▲ 7.5% |
| Amounts receivable within one year40/41 | €0.8m | €0.8m | €0.9m | €0.7m | €1.3m | ▲ 92.1% |
| Trade receivables40 | - | - | - | €0.6m | €0.2m | ▼ 73.0% |
| Other amounts receivable41 | - | - | - | €0.05m | €1.1m | ▲ 23× |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 52.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.007m | ▼ 55.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.4m | €2.7m | €2.4m | €3.1m | ▲ 29.1% |
| Equity10/15 | €0.5m | €0.5m | €0.6m | €0.7m | €0.7m | ▲ 7.3% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.4m | €0.7m | ▲ 68.1% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.04m | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.7m | ▲ 84.3% |
| Profit (loss) carried forward14 | €0.07m | €0.1m | €0.1m | €0.2m | - | - |
| Amounts payable17/49 | €1.9m | €1.8m | €2.2m | €1.7m | €2.4m | ▲ 37.5% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.5m | €0.3m | €0.3m | ▼ 11.9% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | ▼ 11.9% |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €1.7m | €1.4m | €2.1m | ▲ 47.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | ▼ 11.5% |
| Financial debts43 | - | - | - | €0.8m | €0.9m | ▲ 15.6% |
| Credit institutions430/8 | - | - | - | €0.8m | €0.9m | ▲ 15.6% |
| Trade debts44 | €0.4m | €0.4m | €0.6m | €0.3m | €0.7m | ▲ 121% |
| Suppliers440/4 | - | - | - | €0.3m | €0.7m | ▲ 121% |
| Advances received on contracts in progress46 | - | - | - | €0.04m | €0.008m | ▼ 77.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | ▲ 83.3% |
| Taxes450/3 | - | - | - | €0.03m | €0.08m | ▲ 126% |
| Remuneration and social security454/9 | - | - | - | €0.07m | €0.1m | ▲ 63.3% |
| Other amounts payable47/48 | - | - | - | - | €0.1m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,041 | €44,782 | €7,898 | €122,745 | €49,624 | ▼ 59.6% |
| + Depreciation and write-downs630 | €80,396 | €83,584 | €80,043 | €48,242 | €49,512 | ▲ 2.6% |
| Operating cash flow (approximation) | €88,438 | €128,367 | €87,941 | €170,987 | €99,135 | ▼ 42.0% |
| Investment in fixed assets (approximation) | - | -€79,831 | -€1,000 | €3,100 | -€156,228 | - |
| Change in cash | - | €25,765 | €4,080 | €37,947 | -€115,661 | - |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 28-02-2023 | abbreviated format | 21-06-2023 | 2023-00148738 | |
| 31-01-2022 | abbreviated format | 25-08-2022 | 2022-20315499 | |
| 31-01-2021 | abbreviated format | 31-08-2021 | 2021-64900454 | |
| 31-01-2020 | abbreviated format | 27-08-2020 | 2020-45800085 | |
| 31-01-2019 | abbreviated format | 31-08-2019 | 2019-63300024 | |
| 31-01-2018 | abbreviated format | 30-08-2018 | 2018-61800231 | |
| 31-01-2017 | abbreviated format | 20-08-2017 | 2017-47000234 | |
| 31-12-2015 | abbreviated format | 16-07-2016 | 2016-33000448 | |
| 31-12-2014 | abbreviated format | 17-07-2015 | 2015-30800217 | |
| 31-12-2013 | abbreviated format | 28-07-2014 | 2014-35100535 |