HOWDEN SARTON
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 29-04-2024, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
1 d early
2022
17 d early
2021
31 d late
2020
44 d late
2019
21 d late
2018
33 d early
2017
176 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€67k▼ 55.2%
2022 · €149k
2018: €189k
2019: €170k
2020: €218k
2021: €214k
2022: €149k
2018 → 2023
Working capital
€96k▲ 380%
2022 · €20k
2018: €-903k
2019: €-688k
2020: €-212k
2021: €-52k
2022: €20k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€136k-€354k▲ 160%€167k▼ 52.7%€86k▼ 48.5%€153k▲ 77.3%
Operating result€333k-€381k▲ 14.2%€370k▼ 2.7%€212k▼ 42.7%€131k▼ 38.4%
Net result€170k-€218k▲ 28.4%€214k▼ 2.0%€149k▼ 30.4%€67k▼ 55.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2023 is 38% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3.81M
Fixed assets
€57k ▼ 14.0%
Current assets
€3.75M ▲ 21.4%
Equity and liabilities €3.81M
Equity
€153k ▲ 77.3%
Debt
€3.65M ▲ 19.0%
Debt's share of the balance-sheet total falls from 97.3% to 96.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€154k▼
2022 · €387k
Cash flow
€90k▼
2022 · €323k
Current ratio
1.03▲
2022 · 1.01
Debt to equity
23.90▼
2022 · 35.61
ROE
43.6%▼
2022 · 172.6%
ROA
1.8%▼
2022 · 4.7%
Interest coverage
36.36▼
2022 · 46.13
Debt ≤ 1 year
€3.65M▲
2022 · €3.07M
Income taxes
€60k▲
2022 · €55k
Staff costs
€1.42M=
2022 · €1.42M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 53 lines
Balance sheet
Code20222023
Assets
Total assets20/58€3.16M€3.81M▲
Fixed assets21/28€66k€57k▼
Intangible fixed assets21€3k€862▼
Tangible fixed assets22/27€62k€55k▼
Furniture and vehicles24€60k€54k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€970€970=
Current assets29/58€3.09M€3.75M▲
Amounts receivable within one year40/41€1.04M€434k▼
Trade receivables40€977k€434k▼
Other amounts receivable41€65k€68▼
Current investments50/53€255k€104k▼
Cash at bank and in hand54/58€1.53M€2.83M▲
Deferred charges and accrued income490/1€261k€385k▲
Equity and liabilities
Total equity and liabilities10/49€3.16M€3.81M▲
Equity10/15€86k€153k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€85€85=
Profit (loss) carried forward14€18k€85k▲
Amounts payable17/49€3.07M€3.65M▲
Amounts payable within one year42/48€3.07M€3.65M▲
Trade debts44€2.56M€3.40M▲
Suppliers440/4€2.56M€3.40M▲
Taxes, remuneration and social security45€276k€250k▼
Taxes450/3€54k€0▼
Remuneration and social security454/9€222k€250k▲
Other amounts payable47/48€230k€0▼
Income statement
Code20222023
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€1.42M€1.42M=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€174k€23k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€9k€19k▲
Non-recurring operating charges66A€36k€30▼
Gross operating margin9900€1.85M€1.59M▼
Operating profit (loss)9901€212k€131k▼
Financial income75/76B€137€189▲
Recurring financial income75€137€189▲
Financial charges65/66B€8k€4k▼
Recurring financial charges65€8k€4k▼
Profit (loss) for the period before taxes9903€204k€127k▼
Income taxes67/77€55k€60k▲
Profit (loss) for the period9904€149k€67k▼
Profit (loss) for the period to be appropriated9905€149k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€248k€85k▼
Profit (loss) brought forward from the previous period14P€99k€18k▼
Profit to be distributed694/7€230k€0▼
Return on contributions (dividend)694€230k€0▼
Social balance
Average headcount (FTE)908717.220.7▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-10
State Gazette act
Merger · Accounting effect
Share cancellation · Power of attorney
30-09
Financial
Weakest financial yearnet €67k ▼55.2%
Net result drops to €67k, the lowest in the series.
30-09
Financial
Equity above €150kEq €153k ▲77.3%
6 profitable years in a row build equity to €153k.
21-08
State Gazette act
Merger · Accounting effect
Corporate purpose · Purpose change
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 44 days late
2020
31-12
Financial
Highest result since 2018net €218k ▲28.4%
Operating result €381k, net result €218k, both a record.
31-12
Financial
Equity above €200kEq €354k ▲160%
3 profitable years in a row build equity to €354k.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 176 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 67 days late
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:Howden Belgium