XYRUS
Open bankruptcyFinancials · financial year 2022, abbreviated format
2022 annual accounts filed 269 days after the deadline Filed on 25 April 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00073741.
Annual accounts 2022 filed on 25-04-2024 PDF all 21 filings
Turnover
≈ €130,000
Estimated: probably between €71,000 and €250,000
Total assets
€70,707▼ 35.3%
2021 · €109,315
Net result
-€48,896
2021 · €15,297
Working capital
-€225,161▼ 51.3%
2021 · -€148,798
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
-€47,844
2022
20182022
Net result
-€48,896
2022
middle half of the sector
20182022
Equity
-€236,704
▼ 26.0%
2022
lowest quarter of the sector
20182022
Total assets
€70,707
▼ 35.3%
2022
lowest quarter of the sector
20182022
Debt
€307,412
▲ 3.5%
2022
20182022
Working capital
-€225,161
▼ 51.3%
2022
lowest quarter of the sector
20182022
Solvency
-334.8%
▼ 163.0pp
2022
lowest quarter of the sector
20182022
Current ratio
0.23
▼ 0.17
2022
lowest quarter of the sector
20182022
Return on assets (ROA)
-69.2%
▼ 83.1pp
2022
lowest quarter of the sector
20182022
Staff (FTE)
1.4
▼ 12.5%
2022
lowest quarter of the sector
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€59,485--€100,907▼ 69.6%-€78,086▲ 22.6%€15,140-€47,844
Net result-€59,666--€101,720▼ 70.5%-€80,579below the sector's middle half▲ 20.8%€15,297within the sector's middle half-€48,896within the sector's middle half
Equity-€20,805--€122,525▼ 489%-€203,105below the sector's middle half▼ 65.8%-€187,808below the sector's middle half▲ 7.5%-€236,704below the sector's middle half▼ 26.0%
Total assets€214,676-€296,392▲ 38.1%€149,755below the sector's middle half▼ 49.5%€109,315below the sector's middle half▼ 27.0%€70,707below the sector's middle half▼ 35.3%
Debt€235,481-€418,918▲ 77.9%€352,859▼ 15.8%€297,123▼ 15.8%€307,412▲ 3.5%
Working capital-€88,949--€144,009▼ 61.9%-€168,102below the sector's middle half▼ 16.7%-€148,798below the sector's middle half▲ 11.5%-€225,161below the sector's middle half▼ 51.3%
Solvency-9.7%--41.3%▼ 31.6pp-135.6%below the sector's middle half▼ 94.3pp-171.8%below the sector's middle half▼ 36.2pp-334.8%below the sector's middle half▼ 163.0pp
Current ratio0.61-0.65▲ 0.040.45below the sector's middle half▼ 0.200.41below the sector's middle half▼ 0.040.23below the sector's middle half▼ 0.17
Return on assets (ROA)-27.8%--34.3%▼ 6.5pp-53.8%below the sector's middle half▼ 19.5pp14.0%above the sector's middle half▲ 67.8pp-69.2%below the sector's middle half▼ 83.1pp
Staff (FTE)1.4-1.5▲ 7.1%1.2below the sector's middle half▼ 20.0%1.6below the sector's middle half▲ 33.3%1.4below the sector's middle half▼ 12.5%
above
within
below
The sector band is the middle half of the companies in Public administration and defence; compulsory social security (NACE 84). 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 2022 is a loss of €47,844, after a profit of €15,140 in 2021.
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
2022 in colour, 2021 as the grey bar beneath
Assets €70,707
Fixed assets
€1,620 ▼ 75.7%
Current assets
€69,087 ▼ 32.7%
Equity and liabilities
Equity-€236,704
Debt€307,412
Equity is negative. Debt (€307,412) exceeds the balance-sheet total (€70,707).
Key figures and ratios
EBITDA
-€42,794▼
2021 · €25,199
Cash flow
-€43,846▼
2021 · €25,356
Interest coverage
-40.68▼
2021 · 81.99
Debt ≤ 1 year
€294,248▲
2021 · €251,443
Staff costs
€79,508▲
2021 · €77,050
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 2 |
| full-time | 1 | 0 |
| part-time | 2 | 2 |
| in full-time equivalents | 2.5 | 1.3 |
| Average over the year, in full-time equivalents | 1.6 | 1.4 |
| On a permanent contract | 3 | 2 |
| Joined | 1 | - |
| Left | 0 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Intangible fixed assets | €2,450 | - |
| Depreciation and write-downs of the year | €10,060 | €5,050 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €2,564 awardedAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €77,050 | €79,508 | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,285 | €43,220 | €15,335 | €10,060 | €5,050 | ▼ 49.8% |
| Other operating charges640/8 | - | - | - | €449 | €815 | ▲ 81.7% |
| Gross operating margin9900 | €74,934 | €17,065 | €15,186 | €102,698 | €37,528 | ▼ 63.5% |
| Operating profit (loss)9901 | -€59,485 | -€100,907 | -€78,086 | €15,140 | -€47,844 | - |
| Financial income75/76B | - | - | - | €464 | €0 | ▼ 100% |
| Recurring financial income75 | €157 | €7 | €543 | €464 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €307 | €1,052 | ▲ 242% |
| Recurring financial charges65 | €338 | €795 | €2,994 | €307 | €1,052 | ▲ 242% |
| Profit (loss) for the period before taxes9903 | -€59,666 | -€101,695 | -€80,537 | €15,297 | -€48,896 | - |
| Income taxes67/77 | €0 | €25 | €42 | €0 | - | - |
| Profit (loss) for the period9904 | -€59,666 | -€101,720 | -€80,579 | €15,297 | -€48,896 | - |
| Profit (loss) for the period to be appropriated9905 | -€59,666 | -€101,720 | -€80,579 | €15,297 | -€48,896 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214,676 | €296,392 | €149,755 | €109,315 | €70,707 | ▼ 35.3% |
| Formation expenses20 | €1,397 | €0 | - | - | - | - |
| Fixed assets21/28 | €73,747 | €29,615 | €14,280 | €6,670 | €1,620 | ▼ 75.7% |
| Intangible fixed assets21 | €73,747 | €29,615 | €14,280 | €6,670 | €1,620 | ▼ 75.7% |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €139,532 | €266,777 | €135,475 | €102,645 | €69,087 | ▼ 32.7% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €118,911 | €242,153 | €96,967 | €76,189 | €67,665 | ▼ 11.2% |
| Trade receivables40 | - | - | - | €76,189 | €60,661 | ▼ 20.4% |
| Other amounts receivable41 | - | - | - | €0 | €7,004 | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €16,332 | €6,187 | €33,059 | €22,394 | €1,422 | ▼ 93.6% |
| Deferred charges and accrued income490/1 | - | - | - | €4,061 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214,676 | €296,392 | €149,755 | €109,315 | €70,707 | ▼ 35.3% |
| Equity10/15 | -€20,805 | -€122,525 | -€203,105 | -€187,808 | -€236,704 | ▼ 26.0% |
| Contributions10/11 | €297,510 | €297,510 | €297,510 | €297,510 | €297,510 | = |
| Capital10 | - | - | - | €297,510 | €297,510 | = |
| Issued capital100 | - | - | - | €297,510 | €297,510 | = |
| Reserves13 | €0 | - | - | €765 | €765 | = |
| Non-distributable reserves130/1 | - | - | - | €765 | €765 | = |
| Legal reserve130 | - | - | - | €765 | €765 | = |
| Profit (loss) carried forward14 | -€318,315 | -€420,035 | -€500,614 | -€486,082 | -€534,979 | ▼ 10.1% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €235,481 | €418,918 | €352,859 | €297,123 | €307,412 | ▲ 3.5% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €228,481 | €410,786 | €303,577 | €251,443 | €294,248 | ▲ 17.0% |
| Trade debts44 | €125,942 | €284,296 | €148,188 | €81,254 | €145,375 | ▲ 78.9% |
| Suppliers440/4 | - | - | - | €81,254 | €145,375 | ▲ 78.9% |
| Taxes, remuneration and social security45 | - | - | - | €5,387 | €17,072 | ▲ 217% |
| Taxes450/3 | - | - | - | €696 | €2,422 | ▲ 248% |
| Remuneration and social security454/9 | - | - | - | €4,690 | €14,650 | ▲ 212% |
| Other amounts payable47/48 | - | - | - | €164,802 | €131,802 | ▼ 20.0% |
| Accrued charges and deferred income492/3 | - | - | - | €45,680 | €13,164 | ▼ 71.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€59,666 | -€101,720 | -€80,579 | €15,297 | -€48,896 | - |
| + Depreciation and write-downs630 | €56,285 | €43,220 | €15,335 | €10,060 | €5,050 | ▼ 49.8% |
| Operating cash flow (approximation) | -€3,381 | -€58,500 | -€65,244 | €25,356 | -€43,846 | - |
| Investment in fixed assets (approximation) | - | €912 | €0 | -€2,450 | €0 | - |
| Change in cash | - | -€10,144 | €26,872 | -€10,665 | -€20,972 | ▼ 96.6% |
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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | abbreviated format | 25-04-2024 | 2024-00073741 | |
| 31-12-2021 | abbreviated format | 24-10-2022 | 2022-20471888 | |
| 31-12-2020 | abbreviated format | 28-10-2021 | 2021-75100105 | |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-37900130 | |
| 31-12-2018 | abbreviated format | 30-10-2019 | 2019-72300116 | |
| 31-12-2017 | abbreviated format | 04-07-2018 | 2018-27500281 | |
| 31-12-2016 | abbreviated format | 11-09-2017 | 2017-60500090 | |
| 30-06-2015 | abbreviated format | 07-01-2016 | 2016-00600428 | |
| 30-06-2014 | abbreviated format | 19-01-2015 | 2015-02000241 | |
| 30-06-2013 | abbreviated format | 28-02-2014 | 2014-05200031 |