AGROSTUDI (0452.400.674), Inactive: financials and annual accounts

Annual accounts 2017

micro format, filed on 31-07-2018, on the day of the deadline

Gross margin

-€2,239

▲ €159

Operating result

-€6,655

▲ €686

EBITDA

-€4,074

▲ €375

Cash flow

€7,038

▲ 242%

Solvency

85.7%

▲ 2.4 percentage points

Current ratio

-

Turnover: not included in this filing.

Money flows

no detail for 2017

Balance sheet

balance sheet total €209,645 on 31-12-2017

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

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

Line	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	209,645	210,250	220,417	165,878	193,202	216,902	294,148	315,672	263,846	282,948	306,981	349,877
Fixed assets`21/28`	35,509	38,090	40,981	131,074	136,356	156,149	273,087	295,243	260,346	264,455	282,906	298,863
Tangible fixed assets`22/27`	35,509	38,090	40,981	131,074	136,356	156,149	176,035	198,191	163,293	167,403	185,853	201,811
Land and buildings`22`	35,509	38,090	40,670	130,453	136,356	142,635	149,008	155,767	162,527	167,403	173,785	177,676
Furniture and vehicles`24`	-	-	311	621	-	13,513	27,027	42,423	766	-	12,067	24,135
Financial fixed assets`28`	-	-	-	-	-	-	97,053	97,053	97,053	97,053	97,053	97,053
Current assets`29/58`	174,136	172,160	179,436	34,804	56,847	60,753	21,060	20,428	3,500	18,492	24,075	51,014
Amounts receivable within one year`40/41`	164,183	113,469	65,162	19,212	39,680	28,865	9,496	14,246	3,500	18,492	24,075	51,014
Trade receivables`40`	-	-	-	-	-	-	-	-	-	3,630	-	-
Other amounts receivable`41`	164,183	113,469	65,162	19,212	39,680	28,865	9,496	14,246	3,500	14,862	24,075	51,014
Cash at bank and in hand`54/58`	9,328	58,692	114,274	15,591	17,166	31,888	11,564	6,183	-	-	-	-
Deferred charges and accrued income`490/1`	625	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	209,645	210,250	220,417	165,878	193,202	216,902	294,148	315,672	263,846	282,948	306,981	349,877
Equity`10/15`	179,634	175,176	176,012	134,471	133,572	120,005	176,871	185,822	179,865	203,420	188,801	168,819
Contributions`10/11`	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000
Issued capital`100`	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000
Reserves`13`	114,605	110,155	110,655	68,500	68,500	55,000	6,500	6,500	6,500	6,500	6,500	6,500
Legal reserve`130`	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500
Tax-exempt reserves`132`	54,655	54,655	54,655	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	53,450	49,000	49,500	62,000	62,000	48,500	-	-	-	-	-	-
Profit (loss) carried forward`14`	29	21	357	971	72	5	105,371	114,322	108,365	131,920	117,301	97,319
Provisions and deferred taxes`16`	28,143	28,143	28,143	-	-	-	-	-	-	-	-	-
Deferred taxes`168`	28,143	28,143	28,143	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	1,869	6,931	16,262	31,407	59,631	96,896	117,277	129,850	83,981	79,528	118,179	181,058
Amounts payable after more than one year`17`	-	-	6,859	18,834	10,607	26,351	55,169	60,047	33,407	41,699	52,524	85,894
Financial debts`170/4`	-	-	6,859	18,834	10,607	26,351	55,169	60,047	33,407	41,699	52,524	85,894
Amounts payable within one year`42/48`	1,109	6,931	9,403	12,574	49,024	70,545	62,100	69,760	50,350	37,740	65,396	94,966
Current portion of amounts payable after more than one year`42`	-	6,859	9,403	11,773	28,405	31,372	30,157	22,930	8,292	10,825	33,370	31,835
Financial debts`43`	-	-	-	-	-	-	-	-	7,202	5,079	9,839	6,549
Credit institutions`430/8`	-	-	-	-	-	-	-	-	7,202	5,079	9,839	6,549
Trade debts`44`	-	73	-	191	4,859	144	1,209	830	997	1,311	521	20,008
Suppliers`440/4`	-	73	-	191	4,859	144	1,209	830	997	1,311	521	20,008
Taxes, remuneration and social security`45`	1,109	-	-	610	15,760	39,029	29,100	16,000	4,647	19,950	9,995	11,281
Taxes`450/3`	1,109	-	-	610	15,760	39,029	29,100	16,000	4,647	19,950	9,995	11,281
Other amounts payable`47/48`	-	-	-	-	-	-	1,634	30,000	29,212	575	11,670	25,292
Accrued charges and deferred income`492/3`	760	-	-	-	-	-	8	43	224	89	259	198
Income statement
Turnover`70`	-	-	-	-	-	-	100,198	90,406	116,625	182,918	163,541	178,746
Gross operating margin`9900`	-2,239	-2,398	73,835	9,767	45,483	93,543	85,540	87,265	15,335	48,964	53,370	69,767
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	30,279	24,933	115,394	147,894	124,038	123,346
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	5,840
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,580	2,891	2,891	6,214	19,793	19,886	22,156	22,156	7,143	18,450	18,357	19,089
Other operating charges`640/8`	1,835	2,051	2,291	3,061	3,649	3,761	3,015	5,492	2,457	2,280	2,825	1,661
Operating profit (loss)`9901`	-6,655	-7,341	68,653	492	22,041	69,897	60,370	59,617	5,735	28,234	32,188	43,178
Financial income`75/76B`	12,371	6,873	3,210	2,333	3,322	3,003	20	-	0	-	6,120	10,387
Recurring financial income`75`	12,371	6,873	3,210	2,333	3,322	3,003	20	-	0	-	6,120	10,387
Financial charges`65/66B`	150	369	840	1,094	2,597	55,236	4,117	3,679	3,573	4,078	5,991	7,355
Recurring financial charges`65`	150	369	840	1,094	2,597	55,236	4,117	3,679	3,573	4,078	5,991	7,355
Profit (loss) for the period before taxes`9903`	5,566	-836	71,024	1,731	22,766	17,664	56,272	55,938	2,163	24,156	32,318	46,211
Income taxes`67/77`	1,109	-	1,340	832	9,200	24,529	21,223	19,981	717	9,538	12,335	14,579
Profit (loss) for the period`9904`	4,458	-836	41,541	899	13,567	-6,866	35,049	35,957	1,445	14,618	19,982	31,632
Transfer to tax-exempt reserves`689`	-	-	54,655	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	4,458	-836	-13,113	899	13,567	-6,866	35,049	35,957	1,445	14,618	19,982	31,632
Appropriation of the result
Profit (loss) to be appropriated`9906`	4,479	-479	-12,143	971	13,572	98,505	149,371	144,322	133,365	131,920	117,301	97,319
Transfer from equity`791/2`	-	500	12,500	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	4,450	-	-	-	13,500	48,500	-	-	-	-	-	-
To other reserves`6921`	4,450	-	-	-	13,500	48,500	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	50,000	44,000	30,000	25,000	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	50,000	44,000	30,000	25,000	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	0.3
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	494
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 12 older financial years (1994-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2017 (PDF), filed on 31-07-2018.

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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
31-12-2017	micro format	31-07-2018	2018-42800123	PDF
31-12-2016	micro format	21-06-2017	2017-19700579	PDF
31-12-2015	full format	13-06-2016	2016-17500420	PDF
31-12-2014	full format	30-06-2015	2015-24700196	PDF
31-12-2013	full format	23-06-2014	2014-20400188	PDF
31-12-2012	full format	25-06-2013	2013-22000568	PDF
31-12-2011	full format	20-06-2012	2012-19200587	PDF
31-12-2010	full format	20-06-2011	2011-18300086	PDF
31-12-2009	full format	19-10-2010	2010-58300297	PDF
31-12-2008	full format	10-06-2009	2009-23000263	PDF
31-12-2007	full format	17-06-2008	2008-24100293	PDF
31-12-2006	full format	12-06-2007	2007-22100020	PDF
31-12-2005	full format	13-06-2006	2006-23504054	PDF
31-12-2004	full format	21-06-2005	2005-29600387	PDF
31-12-2003	full format	10-06-2004	2004-22601074	PDF
31-12-2002	full format	12-06-2003	2003-22600762	PDF
31-12-2001	full format	21-06-2002	2002-25002548	PDF
31-12-2000	full format	26-06-2001	2001-26705240	PDF
31-12-1999	full format	20-06-2000	2000-24504527	PDF
31-12-1998	full format	02-07-1999	1999-29200938	PDF
31-12-1997	full format	01-07-1998	1998-27300961	PDF
31-12-1996	full format	27-06-1997	1997-22104397	PDF
31-12-1995	full format	26-06-1996	1996-23104856	PDF
31-12-1994	full format	28-06-1995	1995-30704270	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-4,074	-4,450	71,544	6,706	41,834	89,782	82,526	81,773	12,878	46,684	50,546	62,267
Cash flow	7,038	2,055	44,432	7,112	33,360	13,020	57,205	58,113	8,588	33,068	38,339	50,720
Investment in fixed assets (approximation)	0	0	-87,203	932	0	-97,053	0	57,053	3,033	0	2,399	-
Change in cash	-49,364	-55,582	98,682	-1,575	-14,721	20,324	5,381	-	-	-	-	-
Working capital	173,027	165,229	170,033	22,230	7,823	-9,792	-41,040	-49,332	-46,850	-19,248	-41,321	-43,952
EBIT margin	-	-	-	-	-	-	60.2%	65.9%	4.9%	15.4%	19.7%	24.2%
Solvency	85.7%	83.3%	79.9%	81.1%	69.1%	55.3%	60.1%	58.9%	68.2%	71.9%	61.5%	48.3%
Current ratio	-	24.84	19.08	2.77	1.16	0.86	0.34	0.29	0.07	0.49	0.37	0.54
Debt to equity	0.01	0.04	0.09	0.23	0.45	0.81	0.66	0.70	0.47	0.39	0.63	1.07
ROE	2.5%	-0.5%	23.6%	0.7%	10.2%	-5.7%	19.8%	19.4%	0.8%	7.2%	10.6%	18.7%
ROA	2.1%	-0.4%	18.8%	0.5%	7.0%	-3.2%	11.9%	11.4%	0.5%	5.2%	6.5%	9.0%
Customer credit	-	-	-	-	-	-	35 days	58 days	11 days	7 days	54 days	104 days
Supplier credit	-	-	-	-	-	-	15 days	12 days	3 days	3 days	2 days	59 days

EBIT margin: not included in this filing.

A ratio outside any meaningful range has been withheld (balance sheet total €209,645, equity €179,634).

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.

Insights on AGROSTUDI

The operating result for 2017 is a loss of €6,655, smaller than the loss of €7,341 in 2016.

Debt's share of the balance-sheet total falls from 3.3% to 0.9%. Equity is higher and debt is lower.