WONICO
Open bankruptcyFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 20-07-2024 PDF all 10 filings
Turnover
≈ €4.3m
Estimated: probably between €3.3m and €5.7m
Total assets
€2.8m▼ 5.8%
2022 · €3.0m
Net result
-€180,374
2022 · €10,938
Working capital
-€928,815▼ 56.2%
2022 · -€594,510
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€91,627
2023
20182023
Net result
-€180,374
2023
lowest quarter of the sector
20182023
Equity
€62,096
▼ 84.2%
2023
lowest quarter of the sector
20182023
Total assets
€2.8m
▼ 5.8%
2023
highest quarter of the sector
20182023
Debt
€2.7m
▲ 6.1%
2023
20182023
Working capital
-€928,815
▼ 56.2%
2023
lowest quarter of the sector
20182023
Solvency
2.2%
▼ 11.0pp
2023
lowest quarter of the sector
20182023
Current ratio
0.41
▼ 0.18
2023
lowest quarter of the sector
20182023
Return on assets (ROA)
-6.4%
▼ 6.8pp
2023
lowest quarter of the sector
20182023
Staff (FTE)
15.9
▼ 8.6%
2023
highest quarter of the sector
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.04m-€0.1m▲ 292%€0.09m▼ 39.5%€0.1m▲ 33.5%€0.08m▼ 33.5%-€0.09m
Net result€0.01m-€0.1m▲ 929%€0.04mwithin the sector's middle half▼ 64.7%€0.06mwithin the sector's middle half▲ 43.0%€0.01mwithin the sector's middle half▼ 81.3%-€0.2mbelow the sector's middle half
Equity€0.2m-€0.3m▲ 69.7%€0.3mwithin the sector's middle half▲ 14.5%€0.4mwithin the sector's middle half▲ 18.1%€0.4mwithin the sector's middle half▲ 2.9%€0.06mbelow the sector's middle half▼ 84.2%
Total assets€1.3m-€2.0m▲ 54.4%€2.6mabove the sector's middle half▲ 31.9%€3.4mabove the sector's middle half▲ 30.8%€3.0mabove the sector's middle half▼ 12.9%€2.8mabove the sector's middle half▼ 5.8%
Debt€1.1m-€1.7m▲ 52.1%€2.3m▲ 34.7%€3.0m▲ 32.6%€2.6m▼ 14.9%€2.7m▲ 6.1%
Working capital-€0.1m--€0.2m▼ 48.4%-€0.3mbelow the sector's middle half▼ 46.4%-€0.6mbelow the sector's middle half▼ 113%-€0.6mbelow the sector's middle half▼ 7.5%-€0.9mbelow the sector's middle half▼ 56.2%
Solvency13.0%-14.3%▲ 1.3pp12.4%below the sector's middle half▼ 1.9pp11.2%below the sector's middle half▼ 1.2pp13.2%below the sector's middle half▲ 2.0pp2.2%below the sector's middle half▼ 11.0pp
Current ratio0.82-0.80▼ 0.020.74below the sector's middle half▼ 0.060.61below the sector's middle half▼ 0.130.59below the sector's middle half▼ 0.020.41below the sector's middle half▼ 0.18
Return on assets (ROA)0.9%-5.9%▲ 5.0pp1.6%within the sector's middle half▼ 4.3pp1.7%within the sector's middle half▲ 0.1pp0.4%below the sector's middle half▼ 1.3pp-6.4%below the sector's middle half▼ 6.8pp
Staff (FTE)7.5-9.3▲ 24.0%13.4above the sector's middle half▲ 44.1%14.2above the sector's middle half▲ 6.0%17.4above the sector's middle half▲ 22.5%15.9above the sector's middle half▼ 8.6%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €91,627, after a profit of €80,373 in 2022. It is the lowest result since 2019.
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 €2.8m
Fixed assets
€2.2m ▲ 1.7%
Current assets
€643,170 ▼ 24.6%
Equity and liabilities €2.8m
Equity
€62,096 ▼ 84.2%
Debt
€2.7m ▲ 6.1%
Debt's share of the balance-sheet total rises from 86.8% to 97.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€365,669▼
2022 · €625,896
Cash flow
€276,923▼
2022 · €556,461
Debt to equity
44.10▲
2022 · 6.58
ROE
-290.5%▼
2022 · 2.8%
Interest coverage
4.13▼
2022 · 8.15
Debt ≤ 1 year
€1.6m▲
2022 · €1.4m
Debt > 1 year
€1.1m▲
2022 · €1.1m
Income taxes
€211
Staff costs
€1.0m▼
2022 · €1.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 16 | 17 | 15 |
| full-time | 15 | 15 | 14 |
| part-time | 1 | 2 | 1 |
| in full-time equivalents | 15.8 | 16.7 | 14.9 |
| Average over the year, in full-time equivalents | 14.2 | 17.4 | 15.9 |
| On a permanent contract | 16 | 17 | 15 |
| Joined | 8 | 6 | 9 |
| Left | 5 | 5 | 11 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Debts secured on the company's own assets | €2.2m | - | - |
| Carrying value of the other pledged assets | €2.5m | - | - |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €1.1m | €125,437 | €833,201 |
| Financial fixed assets | - | €500 | €15,000 |
| Depreciation and write-downs of the year | €451,362 | €545,523 | €457,297 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €1,701 awarded · €3,951 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €126 | €2,376 |
| 2023 | 1 | €453 | €453 |
| 2022 | 1 | €1,122 | €1,122 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.05m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €1.1m | €1.0m | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | ▼ 16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.09m | - |
| Other operating charges640/8 | - | - | - | €0.03m | €0.05m | €0.04m | ▼ 29.1% |
| Gross operating margin9900 | €0.8m | €1.0m | €1.2m | €1.4m | €1.8m | €1.5m | ▼ 12.9% |
| Operating profit (loss)9901 | €0.04m | €0.1m | €0.09m | €0.1m | €0.08m | -€0.09m | - |
| Financial income75/76B | - | - | - | €0.001m | €0.007m | - | - |
| Recurring financial income75 | €0.008m | €0.002m | €0.003m | €0.001m | €0.007m | - | - |
| Financial charges65/66B | - | - | - | €0.06m | €0.08m | €0.09m | ▲ 15.2% |
| Recurring financial charges65 | €0.03m | €0.04m | €0.05m | €0.06m | €0.08m | €0.09m | ▲ 15.2% |
| Profit (loss) for the period before taxes9903 | €0.01m | €0.1m | €0.04m | €0.06m | €0.01m | -€0.2m | - |
| Income taxes67/77 | -€143 | €100 | €181 | €131 | - | €211 | - |
| Profit (loss) for the period9904 | €0.01m | €0.1m | €0.04m | €0.06m | €0.01m | -€0.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €0.1m | €0.04m | €0.06m | €0.01m | -€0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.3m | €2.0m | €2.6m | €3.4m | €3.0m | €2.8m | ▼ 5.8% |
| Fixed assets21/28 | €0.8m | €1.3m | €1.9m | €2.5m | €2.1m | €2.2m | ▲ 1.7% |
| Tangible fixed assets22/27 | €0.8m | €1.3m | €1.9m | €2.5m | €2.1m | €2.1m | ▲ 1.0% |
| Land and buildings22 | - | - | - | - | €0.004m | €0.02m | ▲ 588% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | - | €0.006m | - |
| Furniture and vehicles24 | - | - | - | €0.09m | €0.001m | €0.009m | ▲ 993% |
| Leasing and similar rights25 | - | - | - | €2.3m | €2.1m | €2.1m | ▼ 0.6% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.02m | ▲ 12× |
| Current assets29/58 | €0.5m | €0.7m | €0.7m | €0.9m | €0.9m | €0.6m | ▼ 24.6% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0.1m | - | - |
| Other amounts receivable291 | - | - | - | €0.1m | €0.1m | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 11.9% |
| Trade receivables40 | - | - | - | €0.6m | €0.7m | €0.6m | ▼ 13.1% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.008m | €0.02m | ▲ 85.8% |
| Cash at bank and in hand54/58 | €0.002m | - | €0.003m | €0.09m | €0.001m | €0.03m | ▲ 20× |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.08m | €0.02m | ▼ 75.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.3m | €2.0m | €2.6m | €3.4m | €3.0m | €2.8m | ▼ 5.8% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.06m | ▼ 84.2% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.1m | €0.3m | €0.3m | €0.4m | €0.4m | €0.04m | ▼ 88.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.04m | ▼ 88.3% |
| Amounts payable17/49 | €1.1m | €1.7m | €2.3m | €3.0m | €2.6m | €2.7m | ▲ 6.1% |
| Amounts payable after more than one year17 | €0.5m | €0.8m | €1.3m | €1.6m | €1.1m | €1.1m | ▲ 1.0% |
| Financial debts170/4 | - | - | - | €1.6m | €1.1m | €1.1m | ▲ 1.0% |
| Amounts payable within one year42/48 | €0.6m | €0.9m | €1.0m | €1.4m | €1.4m | €1.6m | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.5m | €0.6m | ▲ 12.0% |
| Financial debts43 | - | - | - | €0.2m | €0.1m | €0.1m | = |
| Credit institutions430/8 | - | - | - | €0.2m | €0.1m | €0.1m | = |
| Trade debts44 | €0.2m | €0.3m | €0.2m | €0.5m | €0.3m | €0.4m | ▲ 29.3% |
| Suppliers440/4 | - | - | - | €0.5m | €0.3m | €0.4m | ▲ 29.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.2m | ▼ 3.6% |
| Taxes450/3 | - | - | - | €0.04m | €0.06m | €0.2m | ▲ 203% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.2m | €0.04m | ▼ 78.7% |
| Other amounts payable47/48 | - | - | - | €206 | €0.2m | €0.2m | ▼ 13.8% |
| Accrued charges and deferred income492/3 | - | - | - | €243 | - | €0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.1m | €0.04m | €0.06m | €0.01m | -€0.2m | - |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | ▼ 16.2% |
| Operating cash flow (approximation) | €0.3m | €0.4m | €0.4m | €0.5m | €0.6m | €0.3m | ▼ 50.2% |
| Investment in fixed assets (approximation) | - | -€0.8m | -€0.9m | -€1.1m | -€0.1m | -€0.5m | ▼ 292% |
| Change in cash | - | - | - | €0.09m | -€0.09m | €0.03m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 20-07-2024 | 2024-00269339 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00304647 | |
| 31-12-2021 | abbreviated format | 26-07-2022 | 2022-20232528 | |
| 31-12-2020 | abbreviated format | 03-08-2021 | 2021-45800191 | |
| 31-12-2019 | abbreviated format | 31-07-2020 | 2020-38000139 | |
| 31-12-2018 | abbreviated format | 18-07-2019 | 2019-33400155 | |
| 31-12-2017 | abbreviated format | 13-07-2018 | 2018-32100310 | |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-35300118 | |
| 31-12-2015 | abbreviated format | 13-07-2016 | 2016-30200601 | |
| 31-12-2014 | abbreviated format | 17-07-2015 | 2015-31200038 |