New Risk • Jun 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Belgian stocks, typically moving 6.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (6.9% average weekly change). Negative equity (-€258m). High level of non-cash earnings (31% accrual ratio). Minor Risk Market cap is less than US$100m (€73.0m market cap, or US$78.1m). New Risk • Jun 05
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Negative equity (-€258m). High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€73.0m market cap, or US$79.3m). New Risk • Mar 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €73.0m (US$79.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Negative equity (-€258m). High level of non-cash earnings (31% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€73.0m market cap, or US$79.1m). New Risk • Dec 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Negative equity (-€258m). Negative equity (-€258m). High level of non-cash earnings (31% accrual ratio). High level of non-cash earnings (31% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).