A & A
Open bankruptcyFinancials · financial year 2015, abbreviated format
2015 annual accounts filed 25 days after the deadline Filed on 25 August 2016, deadline 31 July 2016 (7 months after the close on 31 December 2015, Companies Code art. 3:10). Source: NBB, 2016-47500134.
Annual accounts 2015 filed on 25-08-2016 PDF all 14 filings
Turnover
≈ €150,000
Estimated: probably between €95,000 and €300,000
Total assets
€58,220▼ 28.5%
2014 · €81,458
Net result
€258▼ 93.0%
2014 · €3,710
Working capital
€4,972
2014 · -€12,291
Trend over the years
2011 to 2015, 5 financial years 2011 to 2015, 5 financial years
The operating result for 2015 is 74% lower than in 2014.
Operating result€3,215
2015
Net result€258
2015
Total assets€58,220
2015
Equity€25,602
2015
Debt€32,618
2015
Working capital€4,972
2015
Staff (FTE)1.5
2015
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Operating result-€21,773--€2,059▲ 90.5%€6,278€12,309▲ 96.1%€3,215▼ 73.9%
Net result-€22,838--€3,678▲ 83.9%€2,574€3,710▲ 44.2%€258▼ 93.0%
Equity-€51,460-€19,061€21,635▲ 13.5%€25,345▲ 17.2%€25,602▲ 1.0%
Total assets€33,382-€100,196▲ 200%€79,290▼ 20.9%€81,458▲ 2.7%€58,220▼ 28.5%
Debt€84,842-€81,135▼ 4.4%€57,655▼ 28.9%€56,113▼ 2.7%€32,618▼ 41.9%
Working capital-€23,055--€21,650▲ 6.1%-€30,947▼ 42.9%-€12,291▲ 60.3%€4,972
Staff (FTE)0.9-0.9=1.1▲ 22.2%1.2▲ 9.1%1.5▲ 25.0%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €58,220
Fixed assets
€40,630 ▼ 29.5%
Current assets
€17,590 ▼ 26.2%
Equity and liabilities €58,220
Equity
€25,602 ▲ 1.0%
Debt
€32,618 ▼ 41.9%
Debt's share of the balance-sheet total falls from 68.9% to 56.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,222▼
2014 · €30,051
Cash flow
€17,265▼
2014 · €21,452
Current ratio
1.39▲
2014 · 0.66
Quick ratio
1.12▲
2014 · 0.58
Debt to equity
0.78▼
2014 · 0.79
ROE
1.0%▼
2014 · 14.6%
ROA
0.4%▼
2014 · 4.6%
Debt ≤ 1 year
€12,618▼
2014 · €36,113
Debt > 1 year
€20,000=
2014 · €20,000
Income taxes
€351▼
2014 · €1,939
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,189 | €5,583 | €18,129 | €17,742 | €17,007 | ▼ 4.1% |
| Gross operating margin9900 | €13,183 | €31,167 | €69,057 | €74,196 | €55,160 | ▼ 25.7% |
| Operating profit (loss)9901 | -€21,773 | -€2,059 | €6,278 | €12,309 | €3,215 | ▼ 73.9% |
| Recurring financial income75 | €76 | - | €2 | €5 | - | - |
| Recurring financial charges65 | €1,130 | €1,548 | €1,118 | €6,665 | €2,606 | ▼ 60.9% |
| Profit (loss) for the period before taxes9903 | -€22,827 | -€3,607 | €5,162 | €5,649 | €609 | ▼ 89.2% |
| Income taxes67/77 | €11 | €72 | €2,588 | €1,939 | €351 | ▼ 81.9% |
| Profit (loss) for the period9904 | -€22,838 | -€3,678 | €2,574 | €3,710 | €258 | ▼ 93.0% |
| Profit (loss) for the period to be appropriated9905 | -€22,838 | -€3,678 | €2,574 | €3,710 | €258 | ▼ 93.0% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,382 | €100,196 | €79,290 | €81,458 | €58,220 | ▼ 28.5% |
| Fixed assets21/28 | €21,595 | €90,711 | €72,582 | €57,637 | €40,630 | ▼ 29.5% |
| Tangible fixed assets22/27 | €17,174 | €85,790 | €67,661 | €52,716 | €35,709 | ▼ 32.3% |
| Financial fixed assets28 | €4,421 | €4,921 | €4,921 | €4,921 | €4,921 | = |
| Current assets29/58 | €11,788 | €9,486 | €6,708 | €23,821 | €17,590 | ▼ 26.2% |
| Stocks and contracts in progress3 | €3,042 | €2,777 | €3,060 | €2,957 | €3,462 | ▲ 17.1% |
| Amounts receivable within one year40/41 | - | - | €523 | €3,174 | €2,654 | ▼ 16.4% |
| Cash at bank and in hand54/58 | €8,745 | €6,709 | €3,125 | €17,690 | €11,474 | ▼ 35.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,382 | €100,196 | €79,290 | €81,458 | €58,220 | ▼ 28.5% |
| Equity10/15 | -€51,460 | €19,061 | €21,635 | €25,345 | €25,602 | ▲ 1.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,896 | €6,896 | €6,896 | €6,896 | €7,002 | ▲ 1.5% |
| Profit (loss) carried forward14 | -€76,956 | -€6,435 | -€3,861 | -€151 | - | - |
| Amounts payable17/49 | €84,842 | €81,135 | €57,655 | €56,113 | €32,618 | ▼ 41.9% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | €20,000 | €20,000 | €20,000 | = |
| Amounts payable within one year42/48 | €34,842 | €31,135 | €37,655 | €36,113 | €12,618 | ▼ 65.1% |
| Trade debts44 | €15,995 | €5,022 | €65 | €3,014 | €1,854 | ▼ 38.5% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,838 | -€3,678 | €2,574 | €3,710 | €258 | ▼ 93.0% |
| + Depreciation and write-downs630 | €7,189 | €5,583 | €18,129 | €17,742 | €17,007 | ▼ 4.1% |
| Operating cash flow (approximation) | -€15,649 | €1,905 | €20,703 | €21,452 | €17,265 | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | -€74,699 | €0 | -€2,797 | -€0 | ▲ 100.0% |
| Change in cash | - | -€2,036 | -€3,584 | €14,565 | -€6,216 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-47500134 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-56900488 | |
| 31-12-2013 | abbreviated format | 27-05-2014 | 2014-14200356 | |
| 31-12-2012 | abbreviated format | 29-07-2013 | 2013-36600035 | |
| 31-12-2011 | abbreviated format | 23-10-2012 | 2012-61700476 | |
| 31-12-2010 | abbreviated format | 29-06-2012 | 2012-26200110 | |
| 31-12-2009 | abbreviated format | 31-08-2010 | 2010-53600360 | |
| 31-12-2007 | abbreviated format | 30-08-2008 | 2008-71200272 | |
| 31-12-2006 | abbreviated format | 30-08-2007 | 2007-68100052 | |
| 31-12-2005 | abbreviated format | 27-07-2006 | 2006-55403675 |