Binect AG

XETRA MA10.DE

Binect AG Net Cash Used For Investing Activities for the year ending December 31, 2023: USD -1.23 M

Binect AG Net Cash Used For Investing Activities is USD -1.23 M for the year ending December 31, 2023, a -35.53% change year over year. Net cash used for investing activities is total cash inflows and outflows related to activities intended to generate future income and cash flows from investments.

Binect AG Net Cash Used For Investing Activities for the year ending December 31, 2022 was USD -909.52 K, a -41.92% change year over year.
Binect AG Net Cash Used For Investing Activities for the year ending December 31, 2021 was USD -640.87 K, a -1,272.91% change year over year.
Binect AG Net Cash Used For Investing Activities for the year ending December 31, 2020 was USD 54.64 K, a 109.60% change year over year.
Binect AG Net Cash Used For Investing Activities for the year ending December 31, 2019 was USD -569.32 K.

Key data

Date	Net Cash Used For Investing Activities	Net Cash Used Provided By Financing Activities	Dividends Paid	Capital Expenditure

XETRA: MA10.DE

Binect AG

CEO	Dr. Frank Wermeyer
IPO Date	Nov. 28, 2006
Location	Germany
Headquarters	Robert-Koch-Strasse 9
Employees	47
Sector	Technology
Industries Internet of Things (IoT) E-commerce Fintech Software-as-a-Service (SaaS)

Description

Binect AG, a technology holding company, engages in digital business communication, digital and hybrid mail solutions, and output management solution businesses in Germany. It offers a software and service platform for the digitization of various business document and receipt logistics, as well as develops and integrates digital modules and solutions for medium-sized companies, as well as authorities and other institutions. The company was formerly known as MAX 21 AG and changed its name to Binect AG in August 2021. Binect AG was founded in 2004 and is based in Weiterstadt, Germany.

Key trends

Past 5 years