ZEBRA GRAPHICS
Absorbed by CREASETFinancials · financial year 2022, full format
Annual accounts 2022 filed on 18-07-2023 PDF all 13 filings
Turnover
€1.1m▼ 12.8%
2020 · €1.2m
EBIT margin
-1.3%▲ 17.8pp
2020 · -19.1%
Net result
-€311,494▼ 1,621%
2021 · -€18,099
Working capital
-€82,630
2021 · €189,412
Multi-year overview
2018 to 2022, 5 financial yearsTurnover
no figure
2022
20182022
Operating result
-€309,363
▼ 2,123%
2022
20182022
Net result
-€311,494
▼ 1,621%
2022
20182022
EBIT margin
no figure
2022
20182022
Equity
€19,721
▼ 94.0%
2022
20182022
Total assets
€506,898
▼ 35.3%
2022
20182022
Debt
€484,177
▲ 7.8%
2022
20182022
Working capital
-€82,630
2022
20182022
Staff (FTE)
2.8
▼ 24.3%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€2.9m-€2.2m▼ 24.1%€1.2m▼ 44.7%€1.1m▼ 12.8%
Operating result€0.02m--€0.08m-€0.2m▼ 187%-€0.01m▲ 94.0%-€0.3m▼ 2,123%
Net result€0.01m--€0.09m-€0.2m▼ 160%-€0.02m▲ 92.3%-€0.3m▼ 1,621%
EBIT margin0.6%--3.7%▼ 4.3pp-19.1%▼ 15.5pp-1.3%▲ 17.8pp
Equity€0.7m-€0.6m▼ 13.4%€0.3m▼ 40.1%€0.3m▼ 5.2%€0.02m▼ 94.0%
Total assets€1.2m-€1.4m▲ 19.2%€1.0m▼ 27.0%€0.8m▼ 22.0%€0.5m▼ 35.3%
Debt€0.5m-€0.8m▲ 65.3%€0.7m▼ 17.3%€0.4m▼ 31.1%€0.5m▲ 7.8%
Working capital€0.7m-€0.6m▼ 13.3%€0.2m▼ 69.7%€0.2m▲ 7.9%-€0.08m
Staff (FTE)4.8-4.4▼ 8.3%3.8▼ 13.6%3.7▼ 2.6%2.8▼ 24.3%
The operating result for 2022 is a loss of €309,363, larger than the loss of €13,915 in 2021. It is the lowest result since 2018.
Large changes and their cause
- 2022 Net result -1,621%, Equity -94% on 2021. Last accounts before the absorption by CREASET (effective 27-09-2023).
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €401,693
Fixed assets
€146 =
Current assets
€401,547 ▼ 37.1%
Equity and liabilities €506,898
Equity
€19,721 ▼ 94.0%
Provisions
€3,000 =
Debt
€484,177 ▲ 7.8%
Debt's share of the balance-sheet total rises from 57.3% to 95.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€269,911▼
2021 · €30,326
Cash flow
-€272,042▼
2021 · €26,141
Current ratio
0.83▼
2021 · 1.42
Debt to equity
24.55▲
2021 · 1.36
ROA
-61.5%▼
2021 · -2.3%
Interest coverage
-105.92▼
2021 · 6.40
Debt ≤ 1 year
€484,177▲
2021 · €449,311
Staff costs
€263,017▲
2021 · €103,854
A ratio outside any meaningful range has been withheld (balance sheet total €506,898, equity €19,721).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Revenue breakdown
By activity 2020
- bureau de création et commercialisation signalétique €1,207,032100.0%
Source: 2020 accounts, page 16, filing 2021-81400394
By geographic market 2012
- Verkoop goederen en diensten in de Europese Gemeenschap €76,86359.0%
- Verkoop goederen en diensten buiten de Europese Gemeenschap €53,31641.0%
Total €130,178
Source: 2012 accounts, page 16, filing 2013-18700066
All years (2010 to 2020)
By activity
| By activity | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| bureau de création et commercialisation signalétique | - | - | - | €3,096,650 | €2,879,321 | €2,975,010 | €3,014,510 | €3,179,861 | €2,875,774 | €2,184,109 | €1,207,032 |
| Publicitaire belettering | €2,936,226 | €3,770,075 | €3,522,581 | - | - | - | - | - | - | - | - |
| Total | €2,936,226 | €3,770,075 | €3,522,581 | €3,096,650 | €2,879,321 | €2,975,010 | €3,014,510 | €3,179,861 | €2,875,774 | €2,184,109 | €1,207,032 |
By geographic market
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 2 |
| full-time | 2 | 1 |
| part-time | 1 | 1 |
| in full-time equivalents | 2.8 | 1.8 |
| Average over the year, in full-time equivalents | 3.7 | 2.8 |
| On a permanent contract | 3 | 2 |
| Joined | 0 | 0 |
| Left | 1 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Auditor
| Item | 2021 | 2022 |
|---|---|---|
| Fee for the audit | €5,000 | - |
Source: notes to the 2021 to 2022 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.1m | - | - |
| Turnover70 | €2.9m | €2.2m | €1.2m | €1.1m | - | - |
| Other operating income74 | - | - | - | €0.003m | - | - |
| Non-recurring operating income76A | - | - | - | €0.02m | €0.004m | ▼ 75.9% |
| Operating charges60/66A | - | - | - | €1.1m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.6m | - | - |
| Purchases600/8 | - | - | - | €0.6m | - | - |
| Services and other goods61 | - | - | - | €0.3m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.3m | ▲ 153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.007m | €0.007m | €0.02m | €0.04m | €0.04m | ▼ 10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.04m | - |
| Other operating charges640/8 | - | - | - | €0.005m | €0.002m | ▼ 61.5% |
| Non-recurring operating charges66A | - | - | - | €159 | - | - |
| Gross operating margin9900 | - | - | - | - | €0.04m | - |
| Operating profit (loss)9901 | €0.02m | -€0.08m | -€0.2m | -€0.01m | -€0.3m | ▼ 2,123% |
| Financial income75/76B | - | - | - | €10 | €417 | ▲ 42× |
| Recurring financial income75 | €0.01m | €1 | €0.002m | €10 | €417 | ▲ 42× |
| Other financial income752/9 | - | - | - | €10 | - | - |
| Financial charges65/66B | - | - | - | €0.005m | €0.003m | ▼ 46.2% |
| Recurring financial charges65 | €0.009m | €0.009m | €0.004m | €0.005m | €0.003m | ▼ 46.2% |
| Other financial charges652/9 | - | - | - | €0.005m | - | - |
| Profit (loss) for the period before taxes9903 | €0.02m | -€0.09m | -€0.2m | -€0.02m | -€0.3m | ▼ 1,571% |
| Income taxes67/77 | €0.01m | €0.001m | €0.001m | -€0.001m | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.001m | - | - |
| Profit (loss) for the period9904 | €0.01m | -€0.09m | -€0.2m | -€0.02m | -€0.3m | ▼ 1,621% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | -€0.09m | -€0.2m | -€0.02m | -€0.3m | ▼ 1,621% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.0m | €0.8m | €0.5m | ▼ 35.3% |
| Formation expenses20 | - | - | €0.2m | €0.1m | €0.1m | ▼ 27.3% |
| Fixed assets21/28 | €0.02m | €0.01m | €0.005m | €146 | €146 | = |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.005m | - | - | - |
| Financial fixed assets28 | €146 | €146 | €146 | €146 | €146 | = |
| Other financial fixed assets284/8 | - | - | - | €146 | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €146 | - | - |
| Current assets29/58 | €1.1m | €1.4m | €0.8m | €0.6m | €0.4m | ▼ 37.1% |
| Amounts receivable within one year40/41 | €1.1m | €1.3m | €0.8m | €0.4m | €0.3m | ▼ 28.9% |
| Trade receivables40 | - | - | - | €0.4m | €0.3m | ▼ 32.9% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.02m | ▲ 25× |
| Cash at bank and in hand54/58 | €0.06m | €0.01m | €0.03m | €0.2m | €0.1m | ▼ 54.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €294 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.0m | €0.8m | €0.5m | ▼ 35.3% |
| Equity10/15 | €0.7m | €0.6m | €0.3m | €0.3m | €0.02m | ▼ 94.0% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | = |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | = |
| Other1319 | - | - | - | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €0.4m | €0.3m | €0.1m | €0.08m | -€0.2m | - |
| Provisions and deferred taxes16 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.003m | €0.003m | = |
| Other liabilities and charges164/5 | - | - | - | €0.003m | €0.003m | = |
| Amounts payable17/49 | €0.5m | €0.8m | €0.7m | €0.4m | €0.5m | ▲ 7.8% |
| Amounts payable after more than one year17 | €0.01m | €0.005m | €0.002m | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.8m | €0.6m | €0.4m | €0.5m | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.003m | - | - |
| Trade debts44 | €0.4m | €0.7m | €0.4m | €0.4m | €0.3m | ▼ 23.2% |
| Suppliers440/4 | - | - | - | €0.4m | €0.3m | ▼ 23.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.1m | ▲ 19× |
| Taxes450/3 | - | - | - | - | €0.04m | - |
| Remuneration and social security454/9 | - | - | - | €0.008m | €0.1m | ▲ 14× |
| Other amounts payable47/48 | - | - | - | - | €197 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,491 | -€89,955 | -€234,330 | -€18,099 | -€311,494 | ▼ 1,621% |
| + Depreciation and write-downs630 | €6,753 | €6,544 | €19,612 | €44,240 | €39,452 | ▼ 10.8% |
| Operating cash flow (approximation) | €17,244 | -€83,411 | -€214,718 | €26,141 | -€272,042 | - |
| Investment in fixed assets (approximation) | - | €0 | -€13,151 | -€39,452 | -€39,452 | = |
| Change in cash | - | -€51,542 | €18,516 | €179,082 | -€114,000 | - |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | full format | 18-07-2023 | 2023-00243491 | |
| 31-12-2021 | full format | 12-10-2022 | 2022-20458775 | |
| 31-12-2020 | full format | 22-12-2021 | 2021-81400394 | |
| 31-12-2019 | full format | 25-02-2021 | 2021-06300584 | |
| 31-12-2018 | full format | 25-02-2020 | 2020-05600132 | |
| 31-12-2017 | full format | 04-10-2018 | 2018-68500111 | |
| 31-12-2016 | full format | 28-07-2017 | 2017-36600482 | |
| 31-12-2015 | full format | 06-07-2016 | 2016-29000149 | |
| 31-12-2014 | full format | 11-08-2015 | 2015-40700582 | |
| 31-12-2013 | full format | 18-08-2014 | 2014-42800453 |