NORMAL SITUATION

APPLIED MATHS

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Financial year 2022 · closed on 31/12/2022

Net result

486,1 k €

-23.8% YoY

Revenue

3,6 M €

-23.0% YoY

Equity

3 M €

+19.6% YoY

Workforce

13,9 ETP

-43.7% YoY

Company — Normal situation.

What does APPLIED MATHS do?

APPLIED MATHS is a company registered in Belgium. It employs on average 13,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.444.712

Legal form

Public limited company

Contributed capital

61 500,00 €

Latest accounts

31/12/2022

Average workforce

13,9 ETP

Joint committees (3)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	3,6 M €	-23.0%	4,7 M €	+14.9%	4,1 M €	+34.2%	3,1 M €	-13.7%	3,5 M €	-9.8%	3,9 M €	+12.0%	3,5 M €	+23.5%	2,8 M €	-1.6%	2,9 M €	+33.7%	2,2 M €	-31.6%	3,1 M €	+8.7%	2,9 M €		–		–		–		–
EBITDA	519,1 k €	-23.3%	676,7 k €	+29.5%	522,4 k €	+321%	-236,9 k €	-289%	-60,9 k €	-111%	574,4 k €	+14.3%	502,8 k €	+38.0%	364,4 k €	-56.5%	837,5 k €	+192%	286,7 k €	-85.4%	2 M €	+72.8%	1,1 M €	+13.4%	1 M €	-25.6%	1,3 M €	+6.2%	1,3 M €	+51.9%	836,1 k €
Operating result	492,9 k €	-23.4%	643,2 k €	+32.9%	483,8 k €	+264%	-295,7 k €	-169%	-110,1 k €	-121%	521,9 k €	+24.5%	419,1 k €	+43.0%	293,1 k €	-61.1%	754,2 k €	+222%	234 k €	-87.7%	1,9 M €	+74.8%	1,1 M €	+10.4%	985,2 k €	-20.1%	1,2 M €	+1.3%	1,2 M €	+58.9%	766,5 k €
Net result	486,1 k €	-23.8%	638,2 k €	+34.6%	474,3 k €	+255%	-306 k €	-191%	-105,3 k €	-120%	518,5 k €	+39.9%	370,6 k €	+34.8%	274,9 k €	-56.2%	628,1 k €	+208%	204 k €	-85.5%	1,4 M €	+74.4%	803,8 k €	+10.5%	727,5 k €	-34.5%	1,1 M €	+38.6%	801,7 k €	+69.2%	473,7 k €
Balance sheet
Equity	3 M €	+19.6%	2,5 M €	+34.6%	1,8 M €	+34.7%	1,4 M €	-18.3%	1,7 M €	-5.9%	1,8 M €	+41.1%	1,3 M €	+41.6%	891 k €	+44.6%	616,1 k €	-29.8%	878 k €	+13.4%	774,1 k €	+973%	72,1 k €	+5.6%	68,3 k €	-79.3%	330,8 k €	-41.9%	569,6 k €	+113%	267,9 k €
Total assets	4,1 M €	-14.8%	4,8 M €	+50.0%	3,2 M €	+49.3%	2,1 M €	-32.1%	3,2 M €	-13.2%	3,6 M €	+24.8%	2,9 M €	+3.2%	2,8 M €	+113%	1,3 M €	-20.0%	1,7 M €	-27.7%	2,3 M €	+32.1%	1,7 M €	-5.4%	1,8 M €	-24.6%	2,4 M €	+93.2%	1,3 M €	+25.6%	1 M €
Cash	3 M €	+25.0%	2,4 M €	+31.6%	1,8 M €	+52.6%	1,2 M €	-42.7%	2,1 M €	-13.7%	2,4 M €	+34.8%	1,8 M €	+27.1%	1,4 M €	+877%	145,2 k €	-68.7%	463,4 k €	-39.1%	761,3 k €	+15.6%	658,9 k €	+129%	288,2 k €	-82.3%	1,6 M €	+444%	299,3 k €	+27.5%	234,7 k €
Debts	770,7 k €	-57.6%	1,8 M €	+60.6%	1,1 M €	+62.3%	696,8 k €	-46.8%	1,3 M €	-18.4%	1,6 M €	+11.4%	1,4 M €	+10.6%	1,3 M €	+209%	421,2 k €	+25.1%	336,7 k €	-64.5%	948,3 k €	-16.0%	1,1 M €	-8.0%	1,2 M €	-24.0%	1,6 M €	+134%	691,3 k €	-0.2%	693 k €
Other
Workforce	13,9 ETP	-43.7%	24,7 ETP	0.0%	24,7 ETP	-7.5%	26,7 ETP	+5.1%	25,4 ETP	+2.0%	24,9 ETP	+19.7%	20,8 ETP	+25.3%	16,6 ETP	+3.8%	16,0 ETP	+0.6%	15,9 ETP	+0.6%	15,8 ETP	+12.9%	14,0 ETP	+14.8%	12,2 ETP	+16.2%	10,5 ETP	0.0%	10,5 ETP	+4.0%	10,1 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 4 active · 33 ended

Active mandates

Christophe Germain

Director · since 01 novembre 2021 · until 18 mai 2026

Active

Vincent Marciniak

Director · since 01 novembre 2021 · until 18 mai 2026

Active

Yasha Mitrotti Ventura

Director · since 01 novembre 2021 · until 18 mai 2026

Active

François Lacoste

Director · since 22 mars 2019 · until 27 mars 2023

Active

Ended mandates

François Lacoste

Director · since 22 mars 2019 · until 15 mai 2023

Ended

François Lacoste

Director · since 22 mars 2019 · until 20 mai 2023

Ended

Katrien De Bruyne

Director · since 22 mars 2019 · until 15 mai 2023

Ended

Katrien De Bruyne

Director · since 22 mars 2019 · until 20 mai 2023

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/03/2023	29/09/2022	29/03/2022	10/11/2020	03/09/2019	31/08/2018
General meeting	27/03/2023	12/08/2022	29/10/2021	29/06/2020	20/05/2019	22/05/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

28 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2022	27/03/2023	30/03/2023	Dutch	PDF
Full model	31/12/2021	12/08/2022	29/09/2022	Dutch	PDF
Full model	31/12/2020	29/10/2021	29/03/2022	Dutch	PDF
Full model	31/12/2019	29/06/2020	10/11/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	03/09/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	31/08/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	16/05/2016	06/06/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	10/06/2015	Dutch	PDF
Full model	31/12/2013	14/05/2014	26/05/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	31/05/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	01/06/2012	Dutch	PDF
Abridged model	31/12/2010	16/05/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	21/04/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	15/06/2007	Dutch	PDF
Abridged model	31/12/2005	01/04/2006	12/07/2006	Dutch	PDF
Abridged model	31/12/2004	01/04/2005	23/06/2005	Dutch	PDF
Abridged model	31/12/2003	31/03/2004	15/07/2004	Dutch	PDF
Abridged model	31/12/2002	19/03/2003	30/06/2003	Dutch	PDF
Abridged model	31/12/2001	22/03/2002	20/06/2002	Dutch	PDF
Abridged model	31/12/2000	16/02/2001	17/07/2001	Dutch	PDF
Abridged model	31/12/1999	10/06/2000	16/06/2000	Dutch	PDF

View all 28 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2022 · 4 active · 33 ended

Active mandates

Christophe Germain

Director · since 01 novembre 2021 · until 18 mai 2026

Active

Vincent Marciniak

Director · since 01 novembre 2021 · until 18 mai 2026

Active

Yasha Mitrotti Ventura

Director · since 01 novembre 2021 · until 18 mai 2026

Active

François Lacoste

Director · since 22 mars 2019 · until 27 mars 2023

Active

Ended mandates

François Lacoste

Director · since 22 mars 2019 · until 15 mai 2023

Ended

François Lacoste

Director · since 22 mars 2019 · until 20 mai 2023

Ended

Katrien De Bruyne

Director · since 22 mars 2019 · until 15 mai 2023

Ended

Katrien De Bruyne

Director · since 22 mars 2019 · until 20 mai 2023

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2022
Annual accounts 2022486,1 k €↓
2021
Annual accounts 2021638,2 k €↑
2020
Annual accounts 2020474,3 k €↑
2019
Annual accounts 2019-306 k €↓
2018
Annual accounts 2018-105,3 k €↓
2017
Annual accounts 2017518,5 k €↑
2016
Annual accounts 2016370,6 k €↑
2015
Annual accounts 2015274,9 k €↓
2014
Annual accounts 2014628,1 k €↑
2013
Annual accounts 2013204 k €↓
2012
Annual accounts 20121,4 M €↑
2011
Annual accounts 2011803,8 k €↑
2010
Annual accounts 2010727,5 k €↓
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 2008801,7 k €↑
2007
Annual accounts 2007473,7 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

APPLIED MATHS

Overview

What does APPLIED MATHS do?

Trend over 16 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline