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KPIsSections18
| Revenue — GREEN | €14.6M | -30.6% YoY |
|---|---|---|
| Net income — GREEN | -€22.5M | +16.2% YoY |
| Net margin — GREEN | -154.3% | |
| Operating margin — GREEN | -294.9% |
Red flags2 red4 orange
Liquidity5
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -154.3%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
ORANGE
Current ratio 0.46
current_ratio_lowCurrent assets are below current liabilities — short-term liquidity pressure.
ORANGE
Cash runway ~2.1 years
cash_runway_mediumCash runway is 2–3 years — worth monitoring vs growth plans.
ORANGE
Accumulated deficit / equity 187%
accumulated_deficit_highAccumulated deficit exceeds equity book value — balance sheet technically impaired.
Concentration1
ORANGE
R&D/Revenue 42.2%
rd_intensity_highR&D exceeds 40% of revenue — sustainable only if growth trajectory justifies the investment.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | €14.6M | GREEN |
| Operating Margin | -294.9% | GREEN |
| Net Margin | -154.3% | GREEN |
| Operating Income | -€43.0M | GREEN |
| Net Income | -€22.5M | GREEN |
| EBITDA | -€36.1M | GREEN |
| R&D Expense | €6.2M | GREEN |
| Income Tax Expense | €0 | GREEN |
| Pre-tax Income | -€27.1M | GREEN |
| Interest Expense | €2.7M | GREEN |
| Interest and Investment Income | €379,000 | GREEN |
| Other Non Operating Income (Expenses) | €3.4M | GREEN |
| R&D % Revenue | 42.2% | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Total Assets | €356.2M | GREEN |
| Current Assets | €68.1M | GREEN |
| Current Liabilities | €146.6M | GREEN |
| Total Liabilities | €206.6M | GREEN |
| Total Equity | €152.5M | GREEN |
| Noncontrolling Interest | -€2.9M | GREEN |
| Retained Earnings | -€285.2M | GREEN |
| Cash & Equivalents | €57.5M | GREEN |
| Long-term Debt | €12.8M | GREEN |
| Short-term Debt | €105.8M | GREEN |
| Trade Receivables | €9.2M | GREEN |
| Trade Payables | €37.0M | GREEN |
| Inventory | €1.4M | GREEN |
| Gross Property, Plant & Equipment | €278.8M | GREEN |
| Other Intangibles | €2.9M | GREEN |
| Other Long-Term Assets | €188,000 | GREEN |
| Current Portion of Capital Leases | €3.3M | GREEN |
| Capital Leases | €5.3M | GREEN |
| Common Stock | €25.2M | GREEN |
| Additional Paid In Capital | €411.2M | GREEN |
| Comprehensive Income and Other | €1.3M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating Cash Flow | -€27.7M | GREEN |
| Capital Expenditures | €20.7M | GREEN |
| Investing Cash Flow | -€20.7M | GREEN |
| Free Cash Flow | -€48.4M | GREEN |
| Financing Cash Flow | €81.9M | GREEN |
| Asset Writedown & Restructuring Costs | €419,000 | GREEN |
| Change in Inventories | -€102,000 | GREEN |
| Long Term Debt Issued | €21.9M | GREEN |
| Long Term Debt Repaid | €10.0M | GREEN |
| Issuance of Common Stock | €78.0M | GREEN |
| Foreign Exchange Rate Effect | €12,000 | GREEN |
| Cash Interest Paid | €10.2M | GREEN |
Sections in this filing
Business / Consolidation
2.2 Consolidation 2.2.1 Subsidiaries Subsidiaries are all entities over which the Company has control. The Company controls an entity when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are consolidated from the date on which control is obtained by the Company. They are de-consolidated from the date that control ceases. The principal consolidated companies are listed below (indicating the ownership percentage): ■ Avantium Technologies B.V., Amsterdam (100%) ■ Avantium Support B.V., Amsterdam (100%) ■ Renewable Technologies B.V., Amsterdam (100%) ■ Avantium Chemicals B.V., Amsterdam (100%) ■ Avantium Knowledge Centre B.V., Amsterdam (100%) ■ Synvina C.V., Amsterdam (100%) ■ YXY Technologies B.V., Amsterdam (100%) ■ Stichting Administratiekantoor Avantium, Amsterdam (100%) ■ Stichting Stock Options Avantium, Amsterdam (100%) ■ Feedstock Technologies B.V., Amsterdam (100%)