WONEN
InactiveFrom the official registers: KBO 46 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2022, full format
Latest annual accounts filed
Annual accounts 2022
- Financial year ended
- 31-12-2022
- Filed on
- 01-06-2023
- Format
- full format
- Reference
- 2023-00101733
Turnover
€4.4m▼ 36.1%
2021 · €6.9m
EBIT margin
10.7%▼ 9.6pp
2021 · 20.4%
Net result
€338,185▼ 71.3%
2021 · €1.2m
Working capital
€3.2m▼ 8.5%
2021 · €3.5m
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is 66% lower than in 2021 and the lowest since 2018.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Turnover€4.4m
2022
Operating result€0.5m
2022
Net result€0.3m
2022
Assets, equity and debt per financial year.
Total assets€79.7m
2022
Equity€15.5m
2022
Debt€63.4m
2022
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital€3.2m
2022
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
EBIT margin10.7%
2022
Average staff per financial year, in full-time equivalents (FTE).
Staff (FTE)13.9
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€4.2m-€4.2m▼ 0.3%€4.1m▼ 2.5%€6.9m▲ 68.3%€4.4m▼ 36.1%
Operating result€0.5m-€1.0m▲ 89.6%€0.5m▼ 44.5%€1.4m▲ 158%€0.5m▼ 66.3%
Net result€0.3m-€0.7m▲ 157%€0.3m▼ 56.6%€1.2m▲ 276%€0.3m▼ 71.3%
EBIT margin12.3%-23.4%▲ 11.1pp13.3%▼ 10.1pp20.4%▲ 7.1pp10.7%▼ 9.6pp
Equity€11.9m-€12.6m▲ 6.3%€13.4m▲ 6.3%€15.1m▲ 12.5%€15.5m▲ 2.8%
Total assets€49.4m-€54.8m▲ 11.0%€61.3m▲ 11.9%€69.9m▲ 14.0%€79.7m▲ 14.1%
Debt€36.5m-€41.2m▲ 13.0%€47.0m▲ 14.0%€54.0m▲ 14.8%€63.4m▲ 17.4%
Working capital€2.4m-€3.7m▲ 53.9%€5.9m▲ 62.3%€3.5m▼ 40.7%€3.2m▼ 8.5%
Staff (FTE)17.4-15.2▼ 12.6%15.4▲ 1.3%13.9▼ 9.7%13.9=
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €79.7m
Fixed assets
€72.5m ▲ 15.8%
Current assets
€7.3m ▼ 0.6%
Equity and liabilities €79.7m
Equity
€15.5m ▲ 2.8%
Provisions
€852,947 ▼ 0.5%
Debt
€63.4m ▲ 17.4%
Debt's share of the balance-sheet total rises from 77.2% to 79.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.1m▼
2021 · €2.8m
Cash flow
€2.0m▼
2021 · €2.5m
Current ratio
1.79▼
2021 · 1.92
Quick ratio
1.50▼
2021 · 1.51
Debt to equity
4.08▲
2021 · 3.58
ROE
2.2%▼
2021 · 7.8%
ROA
0.4%▼
2021 · 1.7%
Interest coverage
2.14▼
2021 · 3.28
Debt ≤ 1 year
€4.1m▲
2021 · €3.8m
Debt > 1 year
€59.0m▲
2021 · €50.0m
Income taxes
€18,851▼
2021 · €64,074
Staff costs
€1.2m▲
2021 · €1.0m
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 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €7.8m | €5.1m | ▼ 34.8% |
| Turnover70 | €4.2m | €4.2m | €4.1m | €6.9m | €4.4m | ▼ 36.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €0.003m | - | - |
| Own construction capitalised72 | - | - | - | €0.3m | €0.4m | ▲ 12.5% |
| Other operating income74 | - | - | - | €0.1m | €0.3m | ▲ 92.9% |
| Non-recurring operating income76A | - | - | - | €0.4m | €0.001m | ▼ 99.8% |
| Operating charges60/66A | - | - | - | €6.4m | €4.6m | ▼ 27.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €2.5m | €0.5m | ▼ 81.3% |
| Purchases600/8 | - | - | - | €0.5m | €0.06m | ▼ 87.0% |
| Change in stocks: decrease (increase)609 | - | - | - | €2.0m | €0.4m | ▼ 79.9% |
| Services and other goods61 | - | - | - | €0.8m | €0.8m | ▲ 12.4% |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | €1.2m | ▲ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.3m | €1.3m | €1.7m | €1.3m | €1.6m | ▲ 22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.001m | €0.006m | ▲ 381% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.07m | -€0.008m | ▲ 87.2% |
| Other operating charges640/8 | - | - | - | €0.3m | €0.4m | ▲ 27.0% |
| Non-recurring operating charges66A | - | - | - | €0.5m | €0.1m | ▼ 76.0% |
| Operating profit (loss)9901 | €0.5m | €1.0m | €0.5m | €1.4m | €0.5m | ▼ 66.3% |
| Financial income75/76B | - | - | - | €0.7m | €0.9m | ▲ 30.7% |
| Recurring financial income75 | €0.4m | €0.5m | €0.5m | €0.7m | €0.9m | ▲ 30.7% |
| Income from current assets751 | - | - | - | €0.003m | €0.007m | ▲ 116% |
| Other financial income752/9 | - | - | - | €0.7m | €0.9m | ▲ 30.3% |
| Financial charges65/66B | - | - | - | €0.8m | €1.0m | ▲ 18.4% |
| Recurring financial charges65 | €0.6m | €0.7m | €0.8m | €0.8m | €1.0m | ▲ 18.4% |
| Debt charges650 | €0.6m | €0.7m | €0.8m | €0.8m | €1.0m | ▲ 18.5% |
| Other financial charges652/9 | - | - | - | €0.004m | €0.004m | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.8m | €0.3m | €1.2m | €0.4m | ▼ 71.6% |
| Transfer from deferred taxes780 | - | - | - | €0.004m | €0.006m | ▲ 31.0% |
| Income taxes67/77 | €0.01m | €0.04m | €0.02m | €0.06m | €0.02m | ▼ 70.6% |
| Taxes670/3 | - | - | - | €0.06m | €0.02m | ▼ 68.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.001m | - |
| Profit (loss) for the period9904 | €0.3m | €0.7m | €0.3m | €1.2m | €0.3m | ▼ 71.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.005m | €0.005m | = |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.7m | €0.3m | €1.2m | €0.3m | ▼ 71.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49.4m | €54.8m | €61.3m | €69.9m | €79.7m | ▲ 14.1% |
| Fixed assets21/28 | €44.6m | €48.4m | €52.3m | €62.6m | €72.5m | ▲ 15.8% |
| Intangible fixed assets21 | €0.007m | €0.005m | €0.004m | €0.002m | €0.002m | ▲ 14.7% |
| Tangible fixed assets22/27 | €44.6m | €48.4m | €52.3m | €62.6m | €72.5m | ▲ 15.8% |
| Land and buildings22 | - | - | - | €46.1m | €62.6m | ▲ 35.7% |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.005m | ▼ 23.2% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.03m | ▲ 204% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.01m | ▼ 4.1% |
| Assets under construction and advance payments27 | - | - | - | €16.4m | €9.8m | ▼ 40.4% |
| Financial fixed assets28 | €0.001m | €0.002m | €0.001m | €0.001m | €0.002m | ▲ 23.7% |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.002m | ▲ 23.7% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.002m | ▲ 23.7% |
| Current assets29/58 | €4.7m | €6.4m | €9.0m | €7.3m | €7.3m | ▼ 0.6% |
| Stocks and contracts in progress3 | €1.8m | €2.6m | €3.6m | €1.6m | €1.2m | ▼ 25.8% |
| Stocks30/36 | - | - | - | €1.6m | €1.2m | ▼ 25.8% |
| Property held for sale35 | - | - | - | €1.6m | €1.2m | ▼ 25.8% |
| Amounts receivable within one year40/41 | €0.1m | €0.09m | €0.07m | €0.1m | €0.06m | ▼ 50.8% |
| Trade receivables40 | - | - | - | €0.03m | €0.03m | ▲ 6.3% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.03m | ▼ 69.9% |
| Current investments50/53 | €1.0m | €1.3m | €2.0m | €2.8m | €3.0m | ▲ 9.1% |
| Other investments51/53 | - | - | - | €2.8m | €3.0m | ▲ 9.1% |
| Cash at bank and in hand54/58 | €1.7m | €2.3m | €3.2m | €2.6m | €2.6m | ▼ 0.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.4m | ▲ 76.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49.4m | €54.8m | €61.3m | €69.9m | €79.7m | ▲ 14.1% |
| Equity10/15 | €11.9m | €12.6m | €13.4m | €15.1m | €15.5m | ▲ 2.8% |
| Contributions10/11 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Capital10 | - | - | - | €0.04m | €0.04m | = |
| Issued capital100 | - | - | - | €0.07m | €0.07m | = |
| Uncalled capital101 | - | - | - | €0.03m | €0.03m | = |
| Reserves13 | €8.7m | €9.4m | €9.7m | €10.9m | €11.2m | ▲ 3.1% |
| Non-distributable reserves130/1 | - | - | - | €10.2m | €10.5m | ▲ 3.4% |
| Legal reserve130 | - | - | - | €0.005m | €0.005m | = |
| Reserves not available under the articles1311 | - | - | - | €10.1m | €10.5m | ▲ 3.4% |
| Tax-exempt reserves132 | - | - | - | €0.7m | €0.7m | ▼ 0.6% |
| Investment grants15 | - | - | - | €4.2m | €4.3m | ▲ 2.2% |
| Provisions and deferred taxes16 | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | ▼ 0.5% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.6m | €0.6m | ▼ 1.4% |
| Major repairs and maintenance162 | - | - | - | €0.4m | €0.4m | ▼ 1.2% |
| Other liabilities and charges164/5 | - | - | - | €0.2m | €0.2m | ▼ 1.7% |
| Deferred taxes168 | - | - | - | €0.2m | €0.2m | ▲ 1.9% |
| Amounts payable17/49 | €36.5m | €41.2m | €47.0m | €54.0m | €63.4m | ▲ 17.4% |
| Amounts payable after more than one year17 | €34.0m | €38.3m | €43.8m | €50.0m | €59.0m | ▲ 18.0% |
| Financial debts170/4 | - | - | - | €49.5m | €58.4m | ▲ 18.0% |
| Credit institutions173 | - | - | - | €49.5m | €58.4m | ▲ 18.0% |
| Other amounts payable178/9 | - | - | - | €0.5m | €0.6m | ▲ 17.9% |
| Amounts payable within one year42/48 | €2.4m | €2.7m | €3.1m | €3.8m | €4.1m | ▲ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.3m | €1.5m | ▲ 17.3% |
| Trade debts44 | €1.1m | €1.5m | €1.7m | €2.1m | €2.1m | ▼ 0.4% |
| Suppliers440/4 | - | - | - | €2.1m | €2.1m | ▼ 0.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.4m | ▲ 7.7% |
| Taxes450/3 | - | - | - | €0.3m | €0.3m | ▲ 4.7% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | ▲ 15.5% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.05m | ▲ 25.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.3m | ▲ 82.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.7m | €0.3m | €1.2m | €0.3m | ▼ 71.3% |
| + Depreciation and write-downs630 | €1.3m | €1.3m | €1.7m | €1.3m | €1.6m | ▲ 22.8% |
| Operating cash flow (approximation) | €1.6m | €2.0m | €2.0m | €2.5m | €2.0m | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | -€5.1m | -€5.6m | -€11.6m | -€11.5m | ▲ 0.8% |
| Change in cash | - | €0.5m | €0.9m | -€0.5m | -€0.009m | ▲ 98.4% |
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 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | full format | 01-06-2023 | 2023-00101733 | |
| 31-12-2021 | full format | 07-06-2022 | 2022-20048951 | |
| 31-12-2020 | full format | 01-06-2021 | 2021-16400407 | |
| 31-12-2019 | full format | 29-06-2020 | 2020-23000458 | |
| 31-12-2018 | full format | 04-06-2019 | 2019-16500252 | |
| 31-12-2017 | full format | 01-06-2018 | 2018-15200240 | |
| 31-12-2016 | full format | 06-06-2017 | 2017-15700593 | |
| 31-12-2015 | full format | 30-05-2016 | 2016-14700427 | |
| 31-12-2014 | full format | 02-06-2015 | 2015-14900125 | |
| 31-12-2013 | full format | 04-06-2014 | 2014-15600370 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.