Optiek Mommen: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2022 and 2023
Largest movements
- Receivables within one year +€25,415
up €25,415 (+96.7%), from €26,285 to €51,701
of which Trade receivables: +€25,850
- Cash -€22,451
down €22,451 (-29.1%), from €77,190 to €54,740
mainly Investment in fixed assets (net) (-€95,885) and Debts after one year (-€29,277)
- Stocks and contracts +€16,475
up €16,475 (+34.7%), from €47,487 to €63,962
- Deferred charges and accrued income +€14,600
up €14,600 (+622%), from €2,346 to €16,946
- Tangible fixed assets +€13,781
up €13,781 (+1.7%), from €812,934 to €826,715
of which Plant, machinery and equipment: +€25,180
- Other debts +€80,122
up €80,122 (+905%), from €8,850 to €88,972
- Debts after one year -€29,277
down €29,277 (-4.4%), from €662,969 to €633,692
- Profit (loss) carried forward -€15,327
down €15,327 (-86.8%), from €17,655 to €2,328
- Depreciation +€28,703
up €28,703 (+53.7%), from €53,402 to €82,105
- Financial charges +€9,331
up €9,331 (+125%), from €7,480 to €16,811
- Taxes -€6,330
down €6,330 (-79.1%), from €8,000 to €1,670
- Gross operating margin -€5,330
down €5,330 (-5.9%), from €90,471 to €85,141
- Other operating charges -€2,275
down €2,275 (-73.3%), from €3,105 to €830
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €968,106 | €1,015,927 | +€47,821 | +4.9% |
| Fixed assets | 21/28 | €814,794 | €828,575 | +€13,781 | +1.7% |
| Tangible fixed assets | 22/27 | €812,934 | €826,715 | +€13,781 | +1.7% |
| Land and buildings | 22 | €790,690 | €798,311 | +€7,621 | +1.0% |
| Plant, machinery and equipment | 23 | €1,439 | €26,619 | +€25,180 | +1,750% |
| Furniture and vehicles | 24 | €20,805 | €1,785 | -€19,020 | -91.4% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €153,312 | €187,352 | +€34,040 | +22.2% |
| Stocks and contracts in progress | 3 | €47,487 | €63,962 | +€16,475 | +34.7% |
| Stocks | 30/36 | €47,487 | €63,962 | +€16,475 | +34.7% |
| Amounts receivable within one year | 40/41 | €26,285 | €51,701 | +€25,415 | +96.7% |
| Trade receivables | 40 | €20,751 | €46,600 | +€25,850 | +125% |
| Other amounts receivable | 41 | €5,535 | €5,100 | -€435 | -7.9% |
| Current investments | 50/53 | €3 | €3 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,190 | €54,740 | -€22,451 | -29.1% |
| Deferred charges and accrued income | 490/1 | €2,346 | €16,946 | +€14,600 | +622% |
| Total equity and liabilities | 10/49 | €968,106 | €1,015,927 | +€47,821 | +4.9% |
| Equity | 10/15 | €253,036 | €237,709 | -€15,327 | -6.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €155,381 | €155,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,644 | €6,644 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,644 | €6,644 | = | 0.0% |
| Distributable reserves | 133 | €148,737 | €148,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,655 | €2,328 | -€15,327 | -86.8% |
| Amounts payable | 17/49 | €715,070 | €778,218 | +€63,148 | +8.8% |
| Amounts payable after more than one year | 17 | €662,969 | €633,692 | -€29,277 | -4.4% |
| Financial debts | 170/4 | €662,969 | €633,692 | -€29,277 | -4.4% |
| Amounts payable within one year | 42/48 | €52,101 | €144,526 | +€92,425 | +177% |
| Current portion of amounts payable after more than one year | 42 | €27,883 | €29,277 | +€1,394 | +5.0% |
| Trade debts | 44 | €8,455 | €13,634 | +€5,178 | +61.2% |
| Suppliers | 440/4 | €8,455 | €13,634 | +€5,178 | +61.2% |
| Taxes, remuneration and social security | 45 | €6,913 | €12,643 | +€5,730 | +82.9% |
| Taxes | 450/3 | €4,374 | €10,169 | +€5,795 | +133% |
| Remuneration and social security | 454/9 | €2,540 | €2,474 | -€65 | -2.6% |
| Other amounts payable | 47/48 | €8,850 | €88,972 | +€80,122 | +905% |
| Remuneration, social security and pensions | 62 | €914 | €389 | -€525 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,402 | €82,105 | +€28,703 | +53.7% |
| Other operating charges | 640/8 | €3,105 | €830 | -€2,275 | -73.3% |
| Non-recurring operating charges | 66A | - | €13 | +€13 | |
| Gross operating margin | 9900 | €90,471 | €85,141 | -€5,330 | -5.9% |
| Operating profit (loss) | 9901 | €33,050 | €1,805 | -€31,246 | -94.5% |
| Financial income | 75/76B | €84 | €1,350 | +€1,265 | +1,498% |
| Recurring financial income | 75 | €84 | €1,350 | +€1,265 | +1,498% |
| Financial charges | 65/66B | €7,480 | €16,811 | +€9,331 | +125% |
| Recurring financial charges | 65 | €7,480 | €16,811 | +€9,331 | +125% |
| Profit (loss) for the period before taxes | 9903 | €25,655 | -€13,657 | -€39,312 | |
| Income taxes | 67/77 | €8,000 | €1,670 | -€6,330 | -79.1% |
| Profit (loss) for the period | 9904 | €17,655 | -€15,327 | -€32,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,655 | -€15,327 | -€32,982 |
Value
latest balance sheet 30-09-2023 · indication, not a valuation or adviceIndicative value of the equity
Indication, not a valuation or adviceMidpoint €162,879 · 50% capitalised earnings, 50% adjusted equity
Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50% revaluation €0 other adjustment €0 EBITDA multiple
The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.
Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.
Adjusted equity
- Equity (10/15)
- €237,709
- Formation expenses (20)
- €0
- Intangible fixed assets (21)
- €0
- Revaluation of assets
- €0
- Deferred tax on the revaluation
- €0
- Other adjustment
- €0
- Adjusted equity
- €237,709
Capitalised earnings
- 2023
- -€15,327
- excluding non-recurring income and charges
- -€15,314
- 2022
- €17,655
- 2021
- €29,358
- 2020
- €4,076
- 2019
- €12,319
- Average result, excluding non-recurring income and charges
- €10,566
- Divided by the capitalisation rate
- 14% / 12% / 10%
- Capitalised earnings
- €75,471 / €88,050 / €105,660
Your EBITDA multiple
- EBITDA 2023
- €83,909
- Net financial debt
- €608,226
- Your multiple
- -
- Value with your multiple
- -
Net financial debt is the sum of financial debts after one year, the part due within the year and short-term financial debts, less cash and current investments.
Limits of the indication
- Checked holds no market prices or comparable transactions.
- Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
- Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
- The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.
For a valuation to base a decision on, go to a company auditor or a certified accountant.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 30 September 2022 and 30 September 2023. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 9 November 2026 via checked.be.