A & A
Open bankruptcyFinancials · financial year 2015, abbreviated format
2015 annual accounts filed late (25 days) 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.
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 falls in 2015; 2015 is 74% below 2014.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€3,215
2015
Net result€258
2015
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€58,220
2015
Equity€25,602
2015
Debt€32,618
2015
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€4,972
2015
Average staff in full-time equivalents (FTE).
Staff (FTE)1.5
2015
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 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 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 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 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.