Income Statement Capital B

Stocks

ALCPB

FR0011053636

IT Services & Consulting

Market Closed - Euronext Paris 11:55:00 2026-09-04 EDT			5-day change	1st Jan Change
0.5120 ^EUR	-2.40%		-10.18%	-32.01%

08-31	They wanted to copy Strategy… they lost $80bn
08-28	Capital B Raises EUR21 Million via Private Share Placement	MT

43897f7b3fbc5c81dc6fd3425a9b.-zgOmgf0Bm4yZaxhNKJVyhd2aoSdKU9Za2GjZGTE_hE.omdbqnSndxRkKNQOWZchh1kmJ_GlZDhuGyDLMjD2qk7Idj7FUpVfJ34D2w

Published financial data: CAPITAL B

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	15.82M	21.29M	20.41M	13.86M	11.21M
Other Revenues, Total	3.01M	4.56M	2.09M	2.12M	1.97M
Total Revenues	18.83M	25.85M	22.5M	15.98M	13.17M
Cost of Goods Sold, Total	19.6M	32.37M	22.19M	14.81M	12.74M
Gross Profit	-777K	-6.52M	303K	1.18M	434K
Selling General & Admin Expenses, Total	-	-	-	917K	979K
Depreciation & Amortization - (IS)	368K	2.27M	11.88M	1.73M	1.48M
Amortization of Goodwill and Intangible Assets - (IS)	619K	61K	-	-	4.3M
Other Operating Expenses	179K	391K	4.76M	1.55M	4.18M
Other Operating Expenses, Total	1.17M	2.72M	16.64M	4.2M	10.94M
Operating Income	-1.94M	-9.24M	-16.34M	-3.02M	-10.5M
Interest Expense, Total	-65K	-99K	-178K	-159K	-168K
Interest And Investment Income	-	-	41K	20K	39K
Net Interest Expenses	-65K	-99K	-137K	-139K	-129K
Currency Exchange Gains (Loss)	-218K	162K	23K	387K	3K
Other Non Operating Income (Expenses)	135K	-12K	-47K	-3K	-53.58M
EBT, Excl. Unusual Items	-2.09M	-9.19M	-16.5M	-2.78M	-64.21M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-12K	-	-	-	-478K
Gain (Loss) On Sale Of Assets	-	-	-	-188K	-
Asset Writedown	-	-335K	-	-	-
Other Unusual Items	-35K	610K	-7.73M	2.03M	498K
EBT, Incl. Unusual Items	-2.14M	-8.92M	-24.23M	-940K	-64.19M
Income Tax Expense	-1.64M	-2.09M	-1.49M	-2.3M	-2.02M
Earnings From Continuing Operations	-497K	-6.82M	-22.75M	1.36M	-62.18M
Net Income to Company	-497K	-6.82M	-22.75M	1.36M	-62.18M
Minority Interest	-19K	1.8M	1.58M	-5K	-
Net Income - (IS)	-516K	-5.02M	-21.17M	1.36M	-62.18M
Net Income to Common Incl Extra Items	-516K	-5.02M	-21.17M	1.36M	-62.18M
Net Income to Common Excl. Extra Items	-516K	-5.02M	-21.17M	1.36M	-62.18M
Per Share Items
Net EPS - Basic	-0.01	-0.09	-0.27	0.01	-0.27
Basic EPS - Continuing Operations	-0.01	-0.09	-0.27	0.01	-0.27
Basic Weighted Average Shares Outstanding	40.23M	57.62M	79.51M	93.38M	227M
Net EPS - Diluted	-0.01	-0.09	-0.27	0.01	-0.27
Diluted EPS - Continuing Operations	-0.01	-0.09	-0.27	0.01	-0.27
Diluted Weighted Average Shares Outstanding	40.23M	57.62M	79.51M	95.26M	227M
Normalized Basic EPS	-0.03	-0.07	-0.11	-0.02	-0.18
Normalized Diluted EPS	-0.03	-0.07	-0.11	-0.02	-0.18
Supplemental Items
EBITDA	-1.19M	-8.7M	-1.29M	-2.4M	48.71M
EBITA	-1.32M	-8.86M	-9.55M	-2.52M	-5.72M
EBIT	-1.94M	-9.24M	-16.34M	-3.02M	-10.5M
EBITDAR	-561K	-7.38M	-	-1.48M	49.69M
Total Revenues (As Reported)	19.38M	26M	-	-	-
Effective Tax Rate - (Ratio)	76.75	23.44	6.14	244.79	3.14
Total Current Taxes	-313K	-438K	-	-595K	-2.02M
Total Deferred Taxes	-40K	57K	950K	-	-
Normalized Net Income	-1.33M	-3.94M	-8.74M	-1.74M	-40.13M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	896K
Net Rental Expense, Total	626K	1.32M	-	917K	979K
Imputed Operating Lease Interest Expense	113K	209K	-	216K	25.09K
Imputed Operating Lease Depreciation	513K	1.11M	-	701K	954K
Maintenance & Repair Expenses, Total	-	-	-	74K	73K

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	3.24M	1.02M	1.36M	729K	3.48M
Short Term Investments	3K	-	-	-	-
Total Cash And Short Term Investments	3.25M	1.02M	1.36M	729K	3.48M
Accounts Receivable, Total	9.07M	7.31M	5.6M	3.95M	4M
Other Receivables	6.57M	6.04M	5.78M	4.64M	57.39M
Total Receivables	15.63M	13.34M	11.38M	8.59M	61.39M
Inventory	4K	-	-	-	-
Deferred Tax Assets Current	1.01M	950K	-	-	223K
Other Current Assets, Total	1K	-	-	3.85M	215M
Total Current Assets	19.89M	15.31M	12.73M	13.17M	280M
Gross Property Plant And Equipment	1.88M	1.41M	804K	772K	782K
Accumulated Depreciation	-511K	-667K	-515K	-605K	-705K
Net Property Plant And Equipment	1.36M	742K	289K	167K	77K
Long-term Investments	-	-	-	-	-
Goodwill	24.19M	24.73M	15.96M	-	11.66M
Other Intangibles, Total	3.68M	8.38M	4.19M	19.07M	865K
Deferred Charges Long-Term	-	-	-	1.3M	769K
Other Long-Term Assets, Total	1.74M	1.66M	414K	350K	3.81M
Total Assets	50.87M	50.83M	33.58M	34.06M	297M
Liabilities
Accounts Payable, Total	5.06M	5.3M	4.13M	3.73M	2.87M
Accrued Expenses, Total	3.88M	4.28M	-	7.71M	6.95M
Short-term Borrowings	1.41M	3.05M	1.34M	1.62M	1.5M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	3.45M	4.71M	-	148K	124K
Other Current Liabilities	3.42M	1.71M	14.19M	2.39M	21.57M
Total Current Liabilities	17.22M	19.04M	19.66M	15.61M	33.01M
Long-Term Debt	2.72M	2.85M	2.32M	3.41M	98.35M
Unearned Revenue Non Current	894K	1.57M	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	90K	91K	4.19M	2.86M	56.44M
Total Liabilities	20.92M	23.55M	26.17M	21.88M	188M
Common Stock, Total	1.99M	2.3M	3.18M	3.74M	9.08M
Additional Paid In Capital	28.88M	31.34M	32.51M	35.45M	189M
Retained Earnings	-516K	-5.02M	-	-	-
Treasury Stock	-	-	-	-	-62.18M
Comprehensive Income and Other	-1.18M	-1.91M	-28.27M	-27M	-26.92M
Total Common Equity	29.17M	26.72M	7.42M	12.18M	109M
Minority Interest	778K	564K	-5K	-	-
Total Equity	29.94M	27.28M	7.42M	12.18M	109M
Total Liabilities And Equity	50.87M	50.83M	33.58M	34.06M	297M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	49.98M	58.23M	79.42M	93.3M	276M
ECS Total Common Shares Outstanding	49.71M	57.53M	79.42M	93.3M	227M
Book Value / Share	0.59	0.46	0.09	0.13	0.48
Tangible Book Value	1.29M	-6.39M	-12.73M	-6.89M	96.83M
Tangible Book Value Per Share	0.03	-0.11	-0.16	-0.07	0.43
Total Debt	4.13M	5.9M	3.66M	5.03M	99.84M
Net Debt	880K	4.88M	2.3M	4.3M	96.37M
Debt Equivalent Oper. Leases	5.01M	10.58M	-	7.34M	7.83M
Minority Interest, Total (Incl. Fin. Div)	778K	564K	-5K	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	55K	55K	54K	54K	-
Machinery, Total	970K	1.01M	750K	718K	782K
Full Time Employees	245	253	219	135	110
Accumulated Allowance for Doubtful Accounts (Supple)	422K	785K	1.29M	3.51M	3.52M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	-516K	-5.02M	-21.17M	1.36M	-62.18M
Depreciation & Amortization - CF	137K	160K	8.26M	123K	54.43M
Amortization of Goodwill and Intangible Assets - (CF)	619K	380K	6.79M	505K	4.78M
Depreciation & Amortization, Total	756K	540K	15.05M	628K	59.21M
Amortization of Deferred Charges, Total - (CF)	231K	1.79M	1.41M	1.05M	896K
(Gain) Loss From Sale Of Asset	91K	25K	23K	-1.15M	-478K
Asset Writedown & Restructuring Costs	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	119K	-1.76M	-1.42M	-1.35M	-618K
Change In Accounts Receivable	-	-	-	-	116K
Change In Accounts Payable	-	-	-	-	-865K
Change in Other Net Operating Assets	1.59M	3.11M	8.73M	-346K	62K
Cash from Operations	2.27M	-1.31M	2.63M	187K	-3.85M
Capital Expenditure	-3.69M	-4.29M	-57K	-16K	-11K
Sale of Property, Plant, and Equipment	94K	164K	35K	128K	-
Cash Acquisitions	-5.05M	-5M	5K	-	-5K
Divestitures	-	-	315K	1.19M	-
Sale (Purchase) of Intangible assets	-	-	-2.04M	-2.12M	-1.96M
Investment in Marketable and Equity Securities, Total	874K	13K	-154K	-27K	-102K
Other Investing Activities, Total	-62K	1K	-166K	-3.62M	-266M
Cash from Investing	-7.84M	-9.11M	-2.07M	-4.46M	-268M
Long-Term Debt Issued, Total	544K	233K	-	1.3M	152M
Total Debt Issued	544K	233K	-	1.3M	152M
Long-Term Debt Repaid, Total	-844K	-101K	-551K	-595K	-2.45M
Total Debt Repaid	-844K	-101K	-551K	-595K	-2.45M
Issuance of Common Stock	7.43M	6.31M	2.04M	3.5M	125M
Repurchase of Common Stock	-93K	-	-	-	-53K
Other Financing Activities, Total	-1K	102K	-	-81K	-38K
Cash from Financing	7.04M	6.55M	1.49M	4.12M	274M
Foreign Exchange Rate Adjustments	3K	1K	-1K	-1K	-
Miscellaneous Cash Flow Adjustments	59K	8K	-	801K	-1K
Net Change in Cash	1.53M	-3.87M	2.05M	644K	2.81M
Supplemental Items
Levered Free Cash Flow	-7.68M	-5.27M	9.1M	-5.72M	-195M
Unlevered Free Cash Flow	-7.64M	-5.21M	9.21M	-5.62M	-195M
Change In Net Working Capital	3.72M	-2.53M	-5.06M	3.27M	247M
Net Debt Issued / Repaid	-300K	132K	-551K	705K	150M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	-3.74	-11.36	-24.2	-5.59	-3.96
Return on Total Capital	-6.54	-17.18	-46.11	-12.43	-5.8
Return On Equity %	-3.16	-23.85	-131.11	13.89	-102.32
Return on Common Equity	-3.45	-17.97	-124.01	13.84	-102.32
Margin Analysis
Gross Profit Margin %	-4.13	-25.21	1.35	7.35	3.29
SG&A Margin	-	-	-	5.74	7.43
EBITDA Margin %	-6.3	-33.66	-5.72	-14.99	369.8
EBITA Margin %	-7.03	-34.28	-42.43	-15.76	-43.43
EBIT Margin %	-10.32	-35.75	-72.63	-18.92	-79.74
Income From Continuing Operations Margin %	-2.64	-26.4	-101.11	8.52	-472.02
Net Income Margin %	-2.74	-19.42	-94.09	8.48	-472.02
Net Avail. For Common Margin %	-2.74	-19.42	-94.09	8.48	-472.02
Normalized Net Income Margin	-7.04	-15.24	-38.83	-10.9	-304.68
Levered Free Cash Flow Margin	-40.81	-20.39	40.46	-35.77	-1.48K
Unlevered Free Cash Flow Margin	-40.6	-20.15	40.95	-35.15	-1.48K
Asset Turnover
Asset Turnover	0.58	0.51	0.53	0.47	0.08
Fixed Assets Turnover	25.04	24.55	43.64	70.09	107.97
Receivables Turnover (Average Receivables)	2.39	2.6	3.16	2.9	2.67
Short Term Liquidity
Current Ratio	1.16	0.8	0.65	0.84	8.48
Quick Ratio	1.1	0.75	0.65	0.6	1.97
Operating Cash Flow to Current Liabilities	0.13	-0.07	0.13	0.01	-0.12
Days Sales Outstanding (Average Receivables)	152.43	140.36	115.41	126.04	136.56
Average Days Payable Outstanding	-	58.36	78.88	97.17	94.59
Long Term Solvency
Total Debt/Equity	13.78	21.63	49.35	41.3	91.31
Total Debt / Total Capital	12.11	17.78	33.04	29.23	47.73
LT Debt/Equity	9.08	10.43	31.33	27.96	89.94
Long-Term Debt / Total Capital	7.98	8.58	20.98	19.79	47.01
Total Liabilities / Total Assets	41.13	46.32	77.92	64.23	63.2
EBIT / Interest Expense	-29.89	-93.34	-91.8	-19.02	-62.52
EBITDA / Interest Expense	-18.26	-87.89	-7.22	-15.07	289.94
(EBITDA - Capex) / Interest Expense	-75.08	-131.26	-7.54	-15.17	289.88
Total Debt / EBITDA	-3.48	-0.68	-2.85	-2.1	2.05
Net Debt / EBITDA	-0.74	-0.56	-1.79	-1.8	1.98
Total Debt / (EBITDA - Capex)	-0.85	-0.45	-2.72	-2.09	2.05
Net Debt / (EBITDA - Capex)	-0.18	-0.38	-1.72	-1.78	1.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	121.27	37.3	-13	-28.97	-17.58
Gross Profit, 1 Yr. Growth %	259.72	738.74	-113.5	473.17	-63.06
EBITDA, 1 Yr. Growth %	-377.99	810.15	-82.27	-1.9K	-3.72K
EBITA, 1 Yr. Growth %	-451.19	569.26	-0.31	-84.58	89.19
EBIT, 1 Yr. Growth %	702.89	375.6	70.63	-81.48	247.32
Earnings From Cont. Operations, 1 Yr. Growth %	-163.47	1.27K	233.27	-105.98	-4.67K
Net Income, 1 Yr. Growth %	-171.27	873.06	321.59	-106.41	-4.69K
Normalized Net Income, 1 Yr. Growth %	659.27	199.97	110.56	-80.06	2.2K
Diluted EPS Before Extra, 1 Yr. Growth %	-154.54	570.28	205.54	-105.26	-2.06K
Accounts Receivable, 1 Yr. Growth %	118.72	-19.4	-23.37	-29.45	-8.65
Net Property, Plant and Equip., 1 Yr. Growth %	874.29	-45.6	-61.05	-42.21	-53.89
Total Assets, 1 Yr. Growth %	262.22	-0.08	-33.93	1.41	772.49
Tangible Book Value, 1 Yr. Growth %	-137.79	-593.89	99.14	-35.75	-1.99K
Common Equity, 1 Yr. Growth %	3.93K	-8.39	-72.23	64.18	797.64
Cash From Operations, 1 Yr. Growth %	401.77	-157.85	-300.08	-92.88	-2.16K
Capital Expenditures, 1 Yr. Growth %	672.59	-	-98.67	-71.93	-31.25
Levered Free Cash Flow, 1 Yr. Growth %	-412.07	32.06	-271.53	-181.91	3.31K
Unlevered Free Cash Flow, 1 Yr. Growth %	-410.11	31.85	-275.68	-179.22	3.37K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	177.22	74.3	9.31	-21.39	-23.48
Gross Profit, 2 Yr. CAGR %	310.99	449.28	-37.55	-27.65	45.5
EBITDA, 2 Yr. CAGR %	88.52	351.41	15.98	-42.53	1.81K
EBITA, 2 Yr. CAGR %	99.1	384.81	168.51	-48.71	-40.81
EBIT, 2 Yr. CAGR %	161.1	517.95	189.99	-43.8	-19.8
Earnings From Cont. Operations, 2 Yr. CAGR %	32.52	195.24	576.51	-55.34	65.33
Net Income, 2 Yr. CAGR %	55.64	163.35	540.49	-48.03	71.38
Normalized Net Income, 2 Yr. CAGR %	84.68	374.99	157.89	-35.2	114.34
Diluted EPS Before Extra, 2 Yr. CAGR %	26.67	92.42	352.54	-59.92	1.45
Accounts Receivable, 2 Yr. CAGR %	315.55	32.77	-21.41	-26.48	-15.45
Net Property, Plant and Equip., 2 Yr. CAGR %	1.3K	130.22	-53.97	-52.56	-48.38
Total Assets, 2 Yr. CAGR %	254.27	90.25	-18.75	-18.14	197.46
Tangible Book Value, 2 Yr. CAGR %	-24.6	36.62	213.61	3.82	200.51
Common Equity, 2 Yr. CAGR %	500.06	507.48	-49.56	-32.48	283.89
Cash From Operations, 2 Yr. CAGR %	634.85	70.37	7.62	-62.26	21.04
Capital Expenditures, 2 Yr. CAGR %	368.85	199.72	-	-93.9	-56.07
Levered Free Cash Flow, 2 Yr. CAGR %	372.37	46.31	51.01	3.8	428.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	338.85	45.37	52.71	3.5	424.37
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	102.96	119.33	38.28	-5.32	-20.14
Gross Profit, 3 Yr. CAGR %	62.82	421.31	11.94	14.78	-42.18
EBITDA, 3 Yr. CAGR %	72.07	196.44	44.41	35.83	88.65
EBITA, 3 Yr. CAGR %	43.08	198.25	193.65	23.91	-15.78
EBIT, 3 Yr. CAGR %	21.96	218.88	307.2	15.89	3.13
Earnings From Cont. Operations, 3 Yr. CAGR %	-32.91	188.92	207.41	39.91	108.85
Net Income, 3 Yr. CAGR %	-32.07	186.73	208.07	38	131.35
Normalized Net Income, 3 Yr. CAGR %	36.95	116.4	268.46	9.87	113.08
Diluted EPS Before Extra, 3 Yr. CAGR %	-41.69	121.67	124.48	2.5	46.5
Accounts Receivable, 3 Yr. CAGR %	147.64	140.54	10.54	-24.19	-18.18
Net Property, Plant and Equip., 3 Yr. CAGR %	360.15	373.26	27.33	-50.34	-53.01
Total Assets, 3 Yr. CAGR %	148.72	132.33	33.73	-12.52	80.15
Tangible Book Value, 3 Yr. CAGR %	-24.72	41.08	54.9	74.61	147.45
Common Equity, 3 Yr. CAGR %	196.76	220.71	117.21	-25.25	59.96
Cash From Operations, 3 Yr. CAGR %	27.28	214.94	79.79	-56.48	43.12
Capital Expenditures, 3 Yr. CAGR %	513.41	194.57	-50.78	-	-86.32
Levered Free Cash Flow, 3 Yr. CAGR %	511.38	148.28	54.62	12.72	232.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	510.3	135.88	55.19	12.45	233.75
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.5	53.13	58.46	45.51	9.13
Gross Profit, 5 Yr. CAGR %	53.9	32.8	10.98	91.19	14.98
EBITDA, 5 Yr. CAGR %	29.02	36.13	40.73	48.3	157.89
EBITA, 5 Yr. CAGR %	9.48	32.71	84.05	49.79	72.28
EBIT, 5 Yr. CAGR %	1.63	24.71	72.46	60.38	112.57
Earnings From Cont. Operations, 5 Yr. CAGR %	-43.17	5.09	69.08	36.9	139.87
Net Income, 5 Yr. CAGR %	-42.6	-0.93	66.67	44.8	143.66
Normalized Net Income, 5 Yr. CAGR %	-11.42	52.95	76.07	34.98	196.67
Diluted EPS Before Extra, 5 Yr. CAGR %	-60.12	-28.91	32.68	11.84	63.38
Accounts Receivable, 5 Yr. CAGR %	52.45	54.06	56.47	49.72	-0.69
Net Property, Plant and Equip., 5 Yr. CAGR %	101.56	75.95	83.21	88.59	-11.27
Total Assets, 5 Yr. CAGR %	45.03	60.15	58.99	53.07	84.12
Tangible Book Value, 5 Yr. CAGR %	-5.71	20.47	33.22	24.79	95.12
Common Equity, 5 Yr. CAGR %	60.28	164.09	46.07	71.97	172.78
Cash From Operations, 5 Yr. CAGR %	10.53	-10.53	19.02	34.81	53.48
Capital Expenditures, 5 Yr. CAGR %	130.3	136.53	28.93	-37.52	-52.97
Levered Free Cash Flow, 5 Yr. CAGR %	87.99	32.09	206.54	75.4	139.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	100.48	33.39	207.29	69.89	139.68