1VISION

Inactive KBO/BCE: BE 0892.018.928

1VISION

Financial year 2016

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Annual accounts 2016

full format, filed on 19-06-2017, 42 days before the deadline

Turnover

€433,445

▼ 10.2%

Operating result

€8,370

▼ 91.2%

EBITDA

Cash flow

Solvency

25.8%

▼ 20.7 percentage points

Current ratio

1.58

▼ 0.29

Money flows

of every €100 of turnover, €2.83 was lost in 2016

Balance sheet

balance sheet total €683,402 on 31-12-2016

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
Total assets`20/58`	683,402	405,988	265,983	237,308	173,137	110,134	94,210	109,029	136,368
Fixed assets`21/28`	-	-	21,492	34,305	50,474	3,266	8,503	14,099	29,838
Tangible fixed assets`22/27`	-	-	21,492	31,305	47,474	266	5,503	14,099	29,838
Land and buildings`22`	-	-	-	-	-	266	667	1,067	1,467
Plant, machinery and equipment`23`	-	-	1,981	2,787	1,738	-	118	1,237	2,500
Furniture and vehicles`24`	-	-	19,511	28,518	45,736	-	4,718	11,796	25,872
Financial fixed assets`28`	-	-	-	3,000	3,000	3,000	3,000	-	-
Current assets`29/58`	683,402	405,988	244,491	203,003	122,663	106,868	85,707	94,930	106,530
Amounts receivable within one year`40/41`	682,912	391,467	181,491	154,122	39,136	64,168	36,461	50,040	14,497
Trade receivables`40`	449,836	227,539	125,701	112,789	15,810	53,110	29,115	49,984	-
Other amounts receivable`41`	233,076	163,928	55,790	41,333	23,326	11,058	7,346	56	14,497
Current investments`50/53`	-	-	-	-	-	-	-	-	75,000
Cash at bank and in hand`54/58`	490	14,521	63,000	48,881	83,527	42,700	39,580	42,998	17,032
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	9,666	1,892	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	683,402	405,988	265,983	237,308	173,137	110,134	94,210	109,029	136,368
Equity`10/15`	176,403	188,689	148,880	156,696	110,324	61,342	22,960	27,297	25,328
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Issued capital`100`	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
Uncalled capital`101`	7,600	7,600	7,600	7,600	7,600	7,600	7,600	7,600	7,600
Reserves`13`	33,647	33,647	33,647	33,647	33,647	33,647	14,897	14,897	12,928
Legal reserve`130`	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000
Tax-exempt reserves`132`	18,750	18,750	18,750	18,750	18,750	18,750	-	-	-
Distributable reserves`133`	12,897	12,897	12,897	12,897	12,897	12,897	12,897	12,897	10,928
Profit (loss) carried forward`14`	130,356	142,642	102,833	110,649	64,277	15,295	-4,337	-	-
Provisions and deferred taxes`16`	-	-	-	13,000	13,000	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	13,000	13,000	-	-	-	-
Amounts payable`17/49`	506,999	217,299	117,103	67,612	49,813	48,792	71,250	81,731	111,041
Amounts payable within one year`42/48`	431,999	217,299	117,103	66,720	49,813	48,792	71,250	81,731	109,441
Current portion of amounts payable after more than one year`42`	-	-	17,786	-	-	-	-	-	-
Trade debts`44`	368,727	131,700	88,774	47,576	23,278	24,533	46,363	29,851	32,572
Suppliers`440/4`	368,727	131,700	88,774	47,576	23,278	24,533	46,363	29,851	32,572
Taxes, remuneration and social security`45`	20,646	35,459	10,543	11,644	19,035	16,759	6,617	11,496	16,636
Taxes`450/3`	20,646	35,459	10,543	2,104	604	16,759	6,617	11,496	7,168
Remuneration and social security`454/9`	-	-	-	9,540	18,431	-	-	-	9,468
Other amounts payable`47/48`	42,626	50,140	-	7,500	7,500	7,500	18,270	40,383	60,232
Accrued charges and deferred income`492/3`	75,000	-	-	892	-	-	-	-	1,600
Income statement
Operating income`70/76A`	450,510	482,830	-	-	-	-	-	-	-
Turnover`70`	433,445	482,830	-	-	-	-	-	145,686	133,535
Non-recurring operating income`76A`	17,065	6,143	-	-	-	-	-	-	-
Gross operating margin`9900`	-	-	-7,645	86,990	95,398	58,713	9,022	27,952	56,922
Operating charges`60/66A`	442,140	387,799	-	-	-	-	-	-	-
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	122,773	79,728
Goods for resale, raw materials and consumables`60`	246,077	291,902	-	-	-	-	-	-	-
Purchases`600/8`	246,077	291,902	-	-	-	-	-	-	-
Services and other goods`61`	180,652	80,388	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	3,753	9,813	9,813	12,135	5,237	8,596	16,094	26,866
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	1,758	-13,000	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	13,000	-	-	-	-
Other operating charges`640/8`	15,411	9,998	2,873	7,074	2,242	3,077	2,039	5,672	1,607
Non-recurring operating charges`66A`	-	13,254	-	-	-	-	-	-	9,000
Operating profit (loss)`9901`	8,370	95,031	-7,331	70,103	68,021	50,399	-1,613	6,186	28,448
Financial income`75/76B`	92	8,533	15,369	842	2,333	1,311	45	3,747	2,086
Recurring financial income`75`	92	8,533	15,369	842	2,333	1,311	45	3,747	2,086
Income from current assets`751`	-	23	-	-	-	-	-	-	-
Other financial income`752/9`	92	8,510	-	-	-	-	-	-	-
Financial charges`65/66B`	704	760	922	2,469	971	738	512	4,474	1,562
Recurring financial charges`65`	704	760	922	2,469	971	738	512	4,474	1,562
Debt charges`650`	308	760	-	-	-	-	-	-	-
Other financial charges`652/9`	396	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	7,758	95,693	7,116	68,476	69,383	50,972	-2,080	5,459	19,973
Income taxes`67/77`	20,044	55,884	14,932	22,104	20,401	12,590	2,257	3,489	7,046
Taxes`670/3`	20,044	55,884	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	-12,286	39,809	-7,816	46,372	48,982	38,382	-4,337	1,970	12,928
Transfer to tax-exempt reserves`689`	-	-	-	-	-	18,750	-	-	-
Profit (loss) for the period to be appropriated`9905`	-12,286	39,809	-7,816	46,372	48,982	19,632	-4,337	1,970	12,928
Appropriation of the result
Profit (loss) to be appropriated`9906`	130,356	142,642	102,833	110,649	64,277	15,295	-4,337	1,970	12,928
Transfer to equity`691/2`	-	-	-	-	-	-	-	1,970	12,928
To the legal reserve`6920`	-	-	-	-	-	-	-	-	2,000
To other reserves`6921`	-	-	-	-	-	-	-	1,970	10,928
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Source: Annual accounts 2016 (PDF), filed on 19-06-2017.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2016	full format	19-06-2017	2017-19600472	PDF
31-12-2015	full format	31-03-2017	2017-09000166	PDF
31-12-2014	abbreviated format	16-03-2016	2016-06600595	PDF
31-12-2013	abbreviated format	13-02-2015	2015-04100397	PDF
31-12-2012	abbreviated format	06-05-2014	2014-11600547	PDF
31-12-2011	abbreviated format	30-10-2012	2012-62900500	PDF
31-12-2010	abbreviated format	30-12-2011	2011-66000068	PDF
31-12-2009	abbreviated format	16-08-2010	2010-41100028	PDF
31-12-2008	abbreviated format	18-06-2009	2009-24600201	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2016	2015	2014	2013	2012	2011	2010	2009	2008
EBITDA	-	98,784	2,482	79,916	80,156	55,636	6,983	22,280	55,315
Cash flow	-	43,562	1,997	56,185	61,117	43,619	4,259	18,064	39,794
Investment in fixed assets (approximation)	-	-17,739	-3,000	9,325	59,343	0	3,000	355	78,658
Change in cash	-14,031	-48,479	14,119	-34,646	40,827	3,120	-3,418	25,965	-
Working capital	251,403	188,689	127,388	136,283	72,850	58,076	14,457	13,198	-2,911
EBIT margin	1.9%	19.7%	-	-	-	-	-	4.2%	21.3%
Solvency	25.8%	46.5%	56.0%	66.0%	63.7%	55.7%	24.4%	25.0%	18.6%
Current ratio	1.58	1.87	2.09	3.04	2.46	2.19	1.20	1.16	0.97
Debt to equity	2.87	1.15	0.79	0.43	0.45	0.80	3.10	2.99	4.38
ROE	-7.0%	21.1%	-5.2%	29.6%	44.4%	62.6%	-18.9%	7.2%	51.0%
ROA	-1.8%	9.8%	-2.9%	19.5%	28.3%	34.9%	-4.6%	1.8%	9.5%
Interest coverage	-	over 100	-	-	-	-	-	-	-
Customer credit	379 days	172 days	-	-	-	-	-	125 days	40 days
Supplier credit	315 days	129 days	-	-	-	-	-	89 days	149 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By activity 2016

Consultancy werkzaamheden €433,445100.0%

Source: 2016 accounts, page 11, filing 2017-19600472

By geographic market 2016

Europese Unie €420,57597.0%
Verenigde staten van Amerika €12,8703.0%

Total €433,445

Source: 2016 accounts, page 11, filing 2017-19600472

All years (2014 to 2016)

By activity

By activity	2014	2015	2016
Consultancy werkzaamheden	€222,393	€482,830	€433,445

By geographic market

By geographic market	2014	2015	2016
Europese Unie	€31,088	€68,175	€420,575
Verenigde staten van Amerika	€60,747	€147,681	€12,870
België	€130,558	€266,974	€0
Total	€222,393	€482,830	€433,445

Insights on 1VISION

The operating result for 2016 is 91% lower than in 2015.

Debt's share of the balance-sheet total rises from 53.5% to 74.2%. Equity is lower and debt is higher.