workITaround
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 30 days after the deadline Filed on 1 March 2024, deadline 31 January 2024 (7 months after the close on 30 June 2023, Companies Code art. 3:10). Source: NBB, 2024-00040198.
Annual accounts 2023 filed on 01-03-2024 PDF all 4 filings
Equity
€36,308▼ 28.0%
2022 · €50,420
Total assets
€217,297▲ 22.4%
2022 · €177,574
Net result
-€14,112
2022 · €6,552
Working capital
€36,308▼ 26.6%
2022 · €49,477
Trend over the years
2020 to 2023, 4 financial years
The operating result for 2023 is a loss of €11,480, after a profit of €16,246 in 2022. It is the lowest result since 2020.
Operating result-€11,480
2023
Net result-€14,112
2023
Total assets€217,297
2023
Equity€36,308
2023
Debt€180,990
2023
Working capital€36,308
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.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Operating result€20,774-€29,911▲ 44.0%€16,246▼ 45.7%-€11,480
Net result€15,968-€21,700▲ 35.9%€6,552▼ 69.8%-€14,112
Equity€22,168-€43,868▲ 97.9%€50,420▲ 14.9%€36,308▼ 28.0%
Total assets€131,806-€149,504▲ 13.4%€177,574▲ 18.8%€217,297▲ 22.4%
Debt€109,638-€105,636▼ 3.7%€127,154▲ 20.4%€180,990▲ 42.3%
Working capital€90,961-€44,921▼ 50.6%€49,477▲ 10.1%€36,308▼ 26.6%
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €217,297
Equity
€36,308 ▼ 28.0%
Debt
€180,990 ▲ 42.3%
Debt's share of the balance-sheet total rises from 71.6% to 83.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,537▼
2022 · €17,189
Cash flow
-€13,169▼
2022 · €7,496
Current ratio
1.20▼
2022 · 1.39
Debt to equity
4.98▲
2022 · 2.52
ROE
-38.9%▼
2022 · 13.0%
ROA
-6.5%▼
2022 · 3.7%
Interest coverage
-4.04▼
2022 · 2.56
Debt ≤ 1 year
€180,990▲
2022 · €127,154
Income taxes
€27▼
2022 · €2,983
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2021 | 30-06-2022 | 30-06-2023 |
|---|---|---|---|
| Tangible fixed assets | €2,831 | - | - |
| Depreciation and write-downs of the year | €944 | €944 | €944 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €944 | €944 | €944 | = |
| Other operating charges640/8 | - | €351 | €269 | €5,317 | ▲ 20× |
| Non-recurring operating charges66A | - | - | - | €1,124 | - |
| Gross operating margin9900 | €21,221 | €31,206 | €17,458 | -€4,096 | - |
| Operating profit (loss)9901 | €20,774 | €29,911 | €16,246 | -€11,480 | - |
| Recurring financial income75 | €74 | - | - | - | - |
| Financial charges65/66B | - | €566 | €6,710 | €2,605 | ▼ 61.2% |
| Recurring financial charges65 | €391 | €566 | €6,710 | €2,605 | ▼ 61.2% |
| Profit (loss) for the period before taxes9903 | €20,457 | €29,345 | €9,535 | -€14,085 | - |
| Income taxes67/77 | €4,489 | €7,645 | €2,983 | €27 | ▼ 99.1% |
| Profit (loss) for the period9904 | €15,968 | €21,700 | €6,552 | -€14,112 | - |
| Profit (loss) for the period to be appropriated9905 | €15,968 | €21,700 | €6,552 | -€14,112 | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €131,806 | €149,504 | €177,574 | €217,297 | ▲ 22.4% |
| Fixed assets21/28 | - | €1,887 | €944 | - | - |
| Tangible fixed assets22/27 | - | €1,887 | €944 | - | - |
| Plant, machinery and equipment23 | - | €1,523 | €761 | - | - |
| Furniture and vehicles24 | - | €364 | €182 | - | - |
| Current assets29/58 | €131,806 | €147,617 | €176,630 | €217,297 | ▲ 23.0% |
| Amounts receivable within one year40/41 | €11,615 | €139,545 | €176,606 | €217,132 | ▲ 22.9% |
| Trade receivables40 | - | €128,926 | €93,904 | €187,623 | ▲ 99.8% |
| Other amounts receivable41 | - | €10,619 | €82,701 | €29,509 | ▼ 64.3% |
| Cash at bank and in hand54/58 | €119,428 | €8,073 | €25 | €165 | ▲ 572% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €131,806 | €149,504 | €177,574 | €217,297 | ▲ 22.4% |
| Equity10/15 | €22,168 | €43,868 | €50,420 | €36,308 | ▼ 28.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €15,968 | €37,668 | €44,220 | €30,108 | ▼ 31.9% |
| Amounts payable17/49 | €109,638 | €105,636 | €127,154 | €180,990 | ▲ 42.3% |
| Amounts payable within one year42/48 | €40,845 | €102,696 | €127,154 | €180,990 | ▲ 42.3% |
| Financial debts43 | - | €16,805 | €29,107 | €14,856 | ▼ 49.0% |
| Credit institutions430/8 | - | €16,805 | €29,107 | €14,856 | ▼ 49.0% |
| Trade debts44 | €16,311 | €9,495 | €24,718 | €85,287 | ▲ 245% |
| Suppliers440/4 | - | €9,495 | €24,718 | €85,287 | ▲ 245% |
| Advances received on contracts in progress46 | - | €62,326 | €40,443 | €46,754 | ▲ 15.6% |
| Taxes, remuneration and social security45 | - | €14,070 | €32,885 | €34,092 | ▲ 3.7% |
| Taxes450/3 | - | €14,070 | €32,885 | €34,092 | ▲ 3.7% |
| Accrued charges and deferred income492/3 | - | €2,940 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,968 | €21,700 | €6,552 | -€14,112 | - |
| + Depreciation and write-downs630 | - | €944 | €944 | €944 | = |
| Operating cash flow (approximation) | €15,968 | €22,644 | €7,496 | -€13,169 | - |
| Investment in fixed assets (approximation) | - | - | €0 | - | - |
| Change in cash | - | -€111,356 | -€8,048 | €141 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.