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WORKFORCE SOLUTIONS

In bankruptcy Private limited companyfounded 1983KBO/BCE: BE 0425.052.020
WORKFORCE SOLUTIONS
Financial year 2020
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Annual accounts 2020

micro format, filed on 25-06-2021, 36 days before the deadline
Gross margin
-€4,071
▼ €6,069
Operating result
-€19,953
▲ €17,142
EBITDA
-
Cash flow
-
Solvency
-
Current ratio
-

Turnover and EBIT margin are not published. The micro format does not require them.

Money flows

no detail for 2020

Balance sheet

balance sheet total €225 on 31-12-2020
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 22528,90563,892123,182133,695167,846162,021157,249322,476296,504383,186419,752497,739318,566340,903
Fixed assets21/28 -3,2063,2063,2063,2063,2064,96664,002118,374159,337201,485234,063256,615151,776136,530
Tangible fixed assets22/27 ------1,76161,056115,429156,959199,962232,540255,092150,321135,075
Land and buildings22 -------27,94444,93258,45665,45683,535102,03662,57667,095
Plant, machinery and equipment23 ------1,76121,71533,75961,26080,81197,33590,53833,63529,671
Furniture and vehicles24 --------19,14019,71025,83631,50035,62554,11038,309
Financial fixed assets28 -3,2063,2063,2063,2063,2063,2062,9462,9462,3781,5231,5231,5231,4551,455
Current assets29/58 22525,69960,686119,977130,490164,640157,05593,248204,101137,167181,701185,689241,124166,791204,372
Amounts receivable after more than one year29 --33,683------------
Other amounts receivable291 --33,683------------
Stocks and contracts in progress3 ---5361,47350,05254,67354,67364,91864,918102,337103,913105,13195,94996,159
Stocks30/36 ---5361,47350,05254,67354,67364,91864,918102,337103,913105,13195,94996,159
Amounts receivable within one year40/41 -22,54223,061109,39051,350103,27795,18435,22899,24572,24958,48267,756113,44165,26998,796
Trade receivables40 -21,26018,00067,26643,77550,09187,60921,42191,45514,55017,06319,31316,64013,09224,605
Other amounts receivable41 -1,2825,06142,1247,57553,1867,57513,8077,79057,69941,41948,44396,80152,17774,191
Cash at bank and in hand54/58 2258787210,53317,6679,1835,0692,21838,288-20,88214,02017,2025,5739,417
Deferred charges and accrued income490/1 -3,0713,071--2,1292,1291,1291,650---5,350--
Balance sheet: equity and liabilities
Total equity and liabilities10/49 22528,90563,892123,182133,695167,846162,021157,249322,476296,504383,186419,752497,739318,566340,903
Equity10/15 -23523,92661,98871,51891,23597,62997,10797,20196,35579,15176,96376,008123,291122,370160,495
Contributions10/11 18,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
Issued capital100 -18,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
Contributions outside capital11 18,592--------------
Other1109/19 18,592--------------
Reserves13 77,72577,72577,72577,72577,72577,72577,72577,72577,72560,55958,37157,416104,699103,778141,903
Non-distributable reserves130/1 1,859--------------
Legal reserve130 -1,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,859
Reserves not available under the articles1311 1,859--------------
Distributable reserves133 75,86675,86675,86675,86675,86675,86675,86675,86675,86658,69956,51255,557102,840101,919140,044
Profit (loss) carried forward14 -96,552-72,391-34,329-24,798-5,0811,31279088538------
Amounts payable17/49 4604,9791,90451,66442,46070,21764,91560,048226,120217,353306,223343,744374,447196,197180,407
Amounts payable after more than one year17 --------21,31431,99048,068105,975132,16844,02536,316
Financial debts170/4 --------21,31431,99048,068105,975132,16844,02536,316
Amounts payable within one year42/48 4604,9791,90451,66442,46070,21764,91560,048204,285184,864258,155237,769242,279152,172144,092
Current portion of amounts payable after more than one year42 ---17,500182182-15,56932,30442,58883,60374,56157,68457,11939,233
Financial debts43 -211-2,3232,3741,27025,7417,50255,48614,93433,87029,40226,70212,05124,859
Credit institutions430/8 -211-2,3232,3741,27025,7417,50255,48614,93433,87029,40226,70212,05124,859
Trade debts44 -4,5641,0133,7284,65111,6616,4783,21499,87794,07389,08894,228126,04245,59246,298
Suppliers440/4 -4,5641,0133,7284,65111,6616,4783,21499,87794,07389,08894,228126,04245,59246,298
Taxes, remuneration and social security45 --8913,27524,64924,91428,95122,86716,61833,26751,59439,57931,85237,41033,701
Taxes450/3 --89150213,9495,09710,1244,64410,20028,92437,56429,57822,85626,05827,910
Remuneration and social security454/9 ---2,77310,70019,81718,82718,2236,4174,34414,03010,0018,99611,3525,791
Other amounts payable47/48 460204-24,83810,60432,1913,74510,895-------
Accrued charges and deferred income492/3 --------521500-----
Income statement
Turnover70 --------747,172------
Non-recurring operating income76A -----------50,713--32,547
Gross operating margin9900 -4,0711,998-4,450-26,728137,103141,611203,710181,183189,233232,051316,340166,763230,135157,600194,142
Goods, raw materials, services and sundry goods60/61 --------578,143------
Remuneration, social security and pensions62 ----9,065137,732128,959108,195104,17999,331127,299172,652163,981132,672109,942106,030
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 ------59,29561,05558,14473,91682,26275,17071,93854,82552,062
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 13,60038,744-------------
Other operating charges640/8 2,2823494,3671,2441,4002,34721,5053,8546,3123,3323,0681,8434,7393,3215,778
Non-recurring operating charges66A ------------1,032-7,414
Operating profit (loss)9901 -19,953-37,094-8,817-18,907-2,02910,30514,71512,09525,44527,50458,358-74,23120,786-10,48830,272
Financial income75/76B --------8754,5349763,1948134,466945
Recurring financial income75 --------8754,5349763,1948134,466945
Financial charges65/66B 1159677148104,3659,13114,47011,24925,39129,85042,10926,34119,64520,86517,236
Recurring financial charges65 1159677148104,3659,13114,47011,24925,39129,85042,10926,34119,64520,86517,236
Profit (loss) for the period before taxes9903 -20,067-38,062-9,530-19,717-6,3941,1742458469302,18817,224-46,665921-26,88739,114
Income taxes67/77 4,094----651340-891-16,269618-11,23819,188
Profit (loss) for the period9904 -24,162-38,062-9,530-19,717-6,394523-95846382,188955-47,283921-38,12519,927
Profit (loss) for the period to be appropriated9905 -24,162-38,062-9,530-19,717-6,394523-95846382,188955-47,283921-38,12519,927
Appropriation of the result
Profit (loss) to be appropriated9906 -96,552-72,391-34,329-24,798-5,0811,312790885382,188955-47,283921-38,12519,927
Transfer from equity791/2 -----------47,283-38,125-
Transfer to equity691/2 ---------2,188955-921-19,927
To other reserves6921 ---------2,188955-921-19,927
Social balance sheet
Average staff (FTE)9087 ----4.84.93.52.93.43.44.74.14.63.92.5
Hours worked1013 ----6,8577,1215,0244,8944,5115,5028,7158,0366,9115,6364,268
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 22 older financial years (1984-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2020 (PDF), filed on 25-06-2021.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2020 micro format 25-06-2021 2021-29000521 PDF
31-12-2019 micro format 31-08-2020 2020-48100457 PDF
31-12-2018 micro format 31-08-2019 2019-63000487 PDF
31-12-2017 micro format 31-12-2018 2018-76000155 PDF
31-12-2016 micro format 27-10-2017 2017-68600013 PDF
31-12-2015 abbreviated format 31-08-2016 2016-59100039 PDF
31-12-2014 abbreviated format 31-08-2015 2015-58000036 PDF
31-12-2013 abbreviated format 25-10-2014 2014-66300494 PDF
31-12-2012 abbreviated format 19-11-2013 2013-66400307 PDF
31-12-2011 abbreviated format 29-08-2012 2012-47600393 PDF
31-12-2010 abbreviated format 26-08-2011 2011-44500154 PDF
31-12-2009 abbreviated format 27-08-2010 2010-47500218 PDF
31-12-2008 abbreviated format 26-08-2009 2009-66600100 PDF
31-12-2007 abbreviated format 30-09-2008 2008-76200253 PDF
31-12-2006 abbreviated format 29-08-2007 2007-65400287 PDF
31-12-2005 abbreviated format 25-08-2006 2006-67603179 PDF
31-12-2004 abbreviated format 29-07-2005 2005-62104237 PDF
31-12-2003 abbreviated format 06-07-2004 2004-41202100 PDF
31-12-2002 abbreviated format 30-07-2003 2003-55704198 PDF
31-12-2001 abbreviated format 16-09-2002 2002-56201464 PDF
31-12-2000 abbreviated format 24-09-2001 2001-58303646 PDF
31-12-1999 abbreviated format 27-09-2000 2000-59104608 PDF
31-12-1998 abbreviated format 28-07-1999 1999-37603940 PDF
31-12-1997 abbreviated format 12-10-1998 1998-52605172 PDF
31-12-1996 abbreviated format 05-09-1997 1997-42103878 PDF
31-12-1995 abbreviated format 21-08-1996 1996-41001772 PDF
31-12-1994 abbreviated format 28-07-1995 1995-43202756 PDF
31-12-1993 abbreviated format 06-12-1994 1994-49300333 PDF
31-12-1992 abbreviated format 28-09-1993 1993-37402003 PDF
31-12-1991 abbreviated format 04-11-1992 1992-37102149 PDF
31-12-1990 abbreviated format 29-06-1992 1992-15903491 PDF
31-12-1989 abbreviated format 16-07-1990 1990-17704248 PDF
31-12-1988 abbreviated format 02-10-1989 1989-23205322 PDF
31-12-1987 abbreviated format 10-02-1989 1989-01004935 PDF
31-12-1986 abbreviated format 05-01-1988 1988-00102715 PDF
31-12-1985 abbreviated format 13-11-1986 1986-43101944 PDF
31-12-1984 full format 19-12-1985 1985-40000433 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202020192018201720162015201420132012201120102009200820072006
EBITDA ------74,01073,15083,590101,420140,62093992,72444,33782,334
Cash flow ------59,20061,90158,18376,10483,21727,88772,85916,70071,988
Investment in fixed assets ------2606,68217,18231,76849,68452,618189,37970,07163,544
Change in cash 138-785-9,661-7,1338,4844,1142,851-36,069--6,862-3,18211,628-3,844-
Working capital -23520,72158,78268,31388,03094,42492,14033,200-184-47,697-76,454-52,080-1,15514,61960,280
EBIT margin --------3.4%------
Solvency -82.8%97.0%58.1%68.2%58.2%59.9%61.8%29.9%26.7%20.1%18.1%24.8%38.4%47.1%
Current ratio -5.1631.872.323.072.342.421.551.000.740.700.781.001.101.42
Quick ratio -5.1631.872.321.631.631.580.640.680.390.310.340.560.470.75
Debt to equity -0.210.030.720.470.720.670.622.352.753.984.523.041.601.12
ROE --159.1%-15.4%-27.6%-7.0%0.5%-0.1%0.9%0.0%2.8%1.2%-62.2%0.7%-31.2%12.4%
ROA --131.7%-14.9%-16.0%-4.8%0.3%-0.1%0.5%0.0%0.7%0.2%-11.3%0.2%-12.0%5.8%
Customer credit --------45 days------
Supplier credit --------63 days------

The ratios are withheld because a balance sheet total of €225 is too small for a meaningful ratio.

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 WORKFORCE SOLUTIONS

The operating result for 2020 is a loss of €19,953, smaller than the loss of €37,094 in 2019.

Equity is negative. Debt (€460) exceeds the balance-sheet total (€225).

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