workITaround

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Private limited company (pre-2019)founded 2019Kruisboogstraat 60, 3110 Rotselaar, BelgiumKBO/BCE: BE 0719.353.780

From the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

A bankruptcy procedure is open for workITaround according to publications in the Belgian Official Gazette. The 2023 annual accounts show equity of €36,308 and a net result of -€14,112.

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Financials · financial year 2023, micro format

2023 annual accounts filed late (30 days) 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.

Latest annual accounts filed

Annual accounts 2023

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Financial year ended: 30-06-2023
Filed on: 01-03-2024
Format: micro format
Reference: 2024-00040198

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 turns negative in 2023: a loss of €11,480 after €16,246 in 2022, the lowest result in the available series.

Turnover and resultEquity and debtWorking capital

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€11,480 2023 Net result-€14,112 2023

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 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

16.7%

83.3%

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

2023 value · change against 2022

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.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2023 against 2022 · 36 lines

Source: Annual accounts 2023 (PDF), filed with the National Bank on 01-03-2024.

Balance sheet Code20222023

Assets

Total assets20/58€177,574€217,297▲

Fixed assets21/28€944-

Tangible fixed assets22/27€944-

Plant, machinery and equipment23€761-

Furniture and vehicles24€182-

Current assets29/58€176,630€217,297▲

Amounts receivable within one year40/41€176,606€217,132▲

Trade receivables40€93,904€187,623▲

Other amounts receivable41€82,701€29,509▼

Cash at bank and in hand54/58€25€165▲

Equity and liabilities

Total equity and liabilities10/49€177,574€217,297▲

Equity10/15€50,420€36,308▼

Contributions10/11€6,200€6,200=

Profit (loss) carried forward14€44,220€30,108▼

Amounts payable17/49€127,154€180,990▲

Amounts payable within one year42/48€127,154€180,990▲

Financial debts43€29,107€14,856▼

Credit institutions430/8€29,107€14,856▼

Trade debts44€24,718€85,287▲

Suppliers440/4€24,718€85,287▲

Advances received on contracts in progress46€40,443€46,754▲

Taxes, remuneration and social security45€32,885€34,092▲

Taxes450/3€32,885€34,092▲

Income statement Code20222023

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€944€944=

Other operating charges640/8€269€5,317▲

Non-recurring operating charges66A-€1,124

Gross operating margin9900€17,458-€4,096▼

Operating profit (loss)9901€16,246-€11,480▼

Financial charges65/66B€6,710€2,605▼

Recurring financial charges65€6,710€2,605▼

Profit (loss) for the period before taxes9903€9,535-€14,085▼

Income taxes67/77€2,983€27▼

Profit (loss) for the period9904€6,552-€14,112▼

Profit (loss) for the period to be appropriated9905€6,552-€14,112▼

Appropriation of the result

Profit (loss) to be appropriated9906€44,220€30,108▼

Profit (loss) brought forward from the previous period14P€37,668€44,220▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

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	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (4)

Financial year	Type	Filed	Reference	Document
30-06-2023	micro format	01-03-2024	2024-00040198	PDF
30-06-2022	micro format	10-11-2023	2023-00510262	PDF
30-06-2021	micro format	14-02-2023	2023-00029306	PDF
30-06-2020	micro format	06-01-2021	2021-00300317	PDF

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.