ADELANTEX
InactiveFinancials · financial year 2017, abbreviated format
Annual accounts 2017 filed on 02-05-2018 PDF all 26 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€0
2016 · €0
EBIT margin
0.9%▲ 0.8pp
2014 · 0.2%
Net result
-€411,863
2016 · €103,416
Working capital
€945,909▼ 33.7%
2016 · €1.4m
Multi-year overview
2013 to 2017, 5 financial yearsTurnover
€0
2017
20132017
Operating result
-€333,909
2017
20132017
Net result
-€411,863
2017
20132017
EBIT margin
no figure
2017
20132017
Equity
€945,072
▼ 30.4%
2017
20132017
Total assets
€4.7m
▲ 15.1%
2017
20132017
Debt
€3.6m
▲ 35.4%
2017
20132017
Working capital
€945,909
▼ 33.7%
2017
20132017
Staff (FTE)
33.6
▲ 4.7%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Turnover€24.8m-€23.2m▼ 6.7%€26.7m▲ 15.2%€0▼ 100%€0
Operating result€0.06m-€0.04m▼ 39.4%€0.2m▲ 542%€0.3m▲ 1.1%-€0.3m
Net result-€0.01m--€0.04m▼ 239%€0.1m€0.1m▼ 11.3%-€0.4m
EBIT margin0.3%-0.2%▼ 0.1pp0.9%▲ 0.8pp
Equity€1.2m-€1.1m▼ 3.3%€1.3m▲ 10.3%€1.4m▲ 8.3%€0.9m▼ 30.4%
Total assets€3.8m-€4.2m▲ 10.0%€4.0m▼ 3.2%€4.0m▲ 0.4%€4.7m▲ 15.1%
Debt€2.5m-€2.9m▲ 16.5%€2.7m▼ 7.1%€2.6m▼ 3.1%€3.6m▲ 35.4%
Working capital€1.6m-€2.4m▲ 51.3%€2.6m▲ 11.1%€1.4m▼ 45.6%€0.9m▼ 33.7%
Staff (FTE)29.5-28.6▼ 3.1%32.4▲ 13.3%32.1▼ 0.9%33.6▲ 4.7%
The operating result for 2017 is a loss of €333,909, after a profit of €251,526 in 2016. It is the lowest result since 2013.
Large changes and their cause
- 2016 Turnover -100% on 2015. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €4.7m
Fixed assets
€197,250 ▲ 7.5%
Current assets
€4.5m ▲ 15.4%
Equity and liabilities €4.7m
Equity
€945,072 ▼ 30.4%
Provisions
€125,000 ▲ 215%
Debt
€3.6m ▲ 35.4%
Debt's share of the balance-sheet total rises from 65.5% to 77.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€255,843▼
2016 · €298,671
Cash flow
-€333,798▼
2016 · €150,561
Current ratio
1.27▼
2016 · 1.59
ROE
-43.6%▼
2016 · 7.6%
ROA
-8.9%▼
2016 · 2.6%
Debt ≤ 1 year
€3.5m▲
2016 · €2.4m
Income taxes
€29,240▼
2016 · €106,240
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €24.8m | €23.2m | €26.7m | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.04m | €0.05m | €0.08m | ▲ 65.6% |
| Gross operating margin9900 | - | - | - | €2.2m | €2.5m | ▲ 12.5% |
| Operating profit (loss)9901 | €0.06m | €0.04m | €0.2m | €0.3m | -€0.3m | - |
| Recurring financial income75 | €0.003m | €0.004m | €0.004m | €0.01m | €0.01m | ▼ 4.9% |
| Recurring financial charges65 | €0.05m | €0.07m | €0.05m | €0.05m | €0.06m | ▲ 11.9% |
| Debt charges650 | €0.05m | €0.06m | €0.05m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.02m | -€0.02m | €0.2m | €0.2m | -€0.4m | - |
| Income taxes67/77 | €0.03m | €0.02m | €0.1m | €0.1m | €0.03m | ▼ 72.5% |
| Profit (loss) for the period9904 | -€0.01m | -€0.04m | €0.1m | €0.1m | -€0.4m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.01m | -€0.04m | €0.1m | €0.1m | -€0.4m | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €4.2m | €4.0m | €4.0m | €4.7m | ▲ 15.1% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 7.5% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0.08m | €0.08m | €0.1m | €0.1m | €0.2m | ▲ 28.5% |
| Financial fixed assets28 | €0.05m | €0.05m | €0.05m | €0.05m | €0.02m | ▼ 52.3% |
| Current assets29/58 | €3.6m | €4.0m | €3.9m | €3.9m | €4.5m | ▲ 15.4% |
| Stocks and contracts in progress3 | €0 | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €3.4m | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Current investments50/53 | €0 | - | - | €0 | €0 | - |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.06m | €0.06m | €0.7m | ▲ 922% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €4.2m | €4.0m | €4.0m | €4.7m | ▲ 15.1% |
| Equity10/15 | €1.2m | €1.1m | €1.3m | €1.4m | €0.9m | ▼ 30.4% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €0.5m | €0.4m | €0.6m | €0.7m | €0.2m | ▼ 62.8% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.08m | €0.08m | €0.04m | €0.04m | €0.1m | ▲ 215% |
| Amounts payable17/49 | €2.5m | €2.9m | €2.7m | €2.6m | €3.6m | ▲ 35.4% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.1m | €1.7m | €1.2m | €2.4m | €3.5m | ▲ 44.3% |
| Trade debts44 | €1.2m | €0.4m | €0.3m | €1.8m | €3.2m | ▲ 83.4% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,375 | -€38,506 | €116,542 | €103,416 | -€411,863 | - |
| + Depreciation and write-downs630 | €33,376 | €34,945 | €37,003 | €47,146 | €78,066 | ▲ 65.6% |
| Operating cash flow (approximation) | €22,001 | -€3,561 | €153,545 | €150,561 | -€333,798 | - |
| Investment in fixed assets (approximation) | - | -€34,069 | -€68,135 | -€71,805 | -€91,906 | ▼ 28.0% |
| Change in cash | - | -€57,024 | -€141,229 | €8,184 | €592,176 | ▲ 72× |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | abbreviated format | 02-05-2018 | 2018-12000271 | |
| 31-12-2016 | abbreviated format | 08-05-2017 | 2017-11500158 | |
| 31-12-2015 | full format | 24-05-2016 | 2016-13100316 | |
| 31-12-2014 | full format | 05-06-2015 | 2015-15500401 | |
| 31-12-2013 | full format | 25-08-2014 | 2014-46600335 | |
| 31-12-2012 | full format | 14-05-2013 | 2013-12000023 | |
| 31-12-2011 | full format | 15-05-2012 | 2012-11700373 | |
| 31-12-2010 | full format | 10-05-2011 | 2011-10900408 | |
| 31-12-2009 | full format | 27-05-2010 | 2010-12900028 | |
| 31-12-2008 | full format | 29-06-2009 | 2009-29900045 |