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KPIsSections15
| Revenue — GREEN | €40.9M |
|---|---|
| Net income — GREEN | -€12.0M |
| Net margin — GREEN | -29.4% |
| Operating margin — GREEN | -23.2% |
Red flags1 red2 orange
Liquidity3
RED
Net margin -29.4%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
ORANGE
Current ratio 0.63
current_ratio_lowCurrent assets are below current liabilities — short-term liquidity pressure.
ORANGE
Accumulated deficit / equity 293%
accumulated_deficit_highAccumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | €40.9M | GREEN |
| Operating Margin | -23.2% | GREEN |
| Net Margin | -29.4% | GREEN |
| Operating Income | -€9.5M | GREEN |
| Net Income | -€12.0M | GREEN |
| EBITDA | €1.2M | GREEN |
| R&D Expense | -€6.6M | GREEN |
| Income Tax Expense | €160,000 | GREEN |
| Pre-tax Income | -€11.9M | GREEN |
| EPS Diluted | €-0.25 | GREEN |
| Interest Expense | €2.4M | GREEN |
| Interest and Investment Income | €6,000 | GREEN |
| Other Non Operating Income (Expenses) | €187,000 | GREEN |
| Basic EPS | -€0.25 | GREEN |
| R&D % Revenue | -16.0% | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Total Assets | €62.0M | GREEN |
| Current Assets | €15.4M | GREEN |
| Current Liabilities | €24.4M | GREEN |
| Total Liabilities | €38.4M | GREEN |
| Total Equity | €23.6M | GREEN |
| Retained Earnings | -€69.2M | GREEN |
| Cash & Equivalents | €3.7M | GREEN |
| Trade Receivables | €11.7M | GREEN |
| Trade Payables | €11.5M | GREEN |
| Net Property, Plant & Equipment | €2.6M | GREEN |
| Total Intangibles | €43.8M | GREEN |
| Current Portion of Capital Leases | €1.0M | GREEN |
| Capital Leases | €1.6M | GREEN |
| Common Stock | €480,000 | GREEN |
| Additional Paid In Capital | €88.7M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating Cash Flow | €6.0M | GREEN |
| Capital Expenditures | €14,000 | GREEN |
| Investing Cash Flow | -€3.4M | GREEN |
| Depreciation & Amortization | €10.7M | GREEN |
| Free Cash Flow | €6.0M | GREEN |
| Financing Cash Flow | -€2.3M | GREEN |
| Net Income (starting point for CFO) | €2.7M | GREEN |
| Change in Income Taxes | €420,000 | GREEN |
| Change in Other Net Operating Assets | €192,000 | GREEN |
| Cash Acquisitions | €163,000 | GREEN |
| Long Term Debt Issued | €0 | GREEN |
| Long Term Debt Repaid | €4.5M | GREEN |
| Issuance of Common Stock | €5.7M | GREEN |
| Foreign Exchange Rate Effect | -€3,000 | GREEN |
| Misc. Cash Flow Adjustments | -€187,000 | GREEN |
Sections in this filing
Business / Group structure
Country of Proportion of o wnership incorporation interest at and principal pl a ce of Name business 2025 2024 2023 Mo tor K It al ia S. r . l. Italy 10 0 % 10 0 % 10 0 % Mo tor K Sp ain G e s ti on e s Com erc ia le s SL Spai n 10 0 % 10 0 % 10 0 % MotorK Deuts chland Gm bH Germany 10 0 % 10 0 % 10 0 % Mo tor K Franc e Sar l Fra n ce 10 0 % 10 0 % 10 0 % For Bu si ne s s S.r.l. Ital y 10 0 % 10 0 % 10 0 % Mo tor K Is rae l Ltd Isra el 10 0 % 10 0 % 10 0 % De al er K T e chn o lo gy S ol u ti on s, U nip e ss o al Ld a Por tugal 10 0 % 10 0 % 10 0 % Dr iv eK I ta lia S .r .l. 1 Italy – – 10 0 % Fusi on IT NV Belgium 10 0 % 10 0 % 10 0 % IC O I nternational GmbH Germany 10 0 % 10 0 % 10 0 % GestionaleAuto.com S.r .l. Italy 10 0 % 10 0 % 10 0 % 2.3 Basis for consolidation The criteria used by the Group t o define the consolidation area and the r elative consolidation principles are shown below . The financial s tatements of for eign companies are translat ed into Euro , under which asset and liability items are tr anslated at the closing rate. With the ex ception of income and expenses r ecognised directly in equity , e quity is translated at historical rates. The resulting f oreign ex change differences are recognised in other comprehensiv e income until disposal of the subsidiary concerned, and are presented as a separate item in equity .