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InactiveFinancials · financial year 2017, micro format
2017 annual accounts filed 57 days after the deadline Filed on 26 September 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-65200387.
Annual accounts 2017 filed on 26-09-2018 PDF all 25 filings
Turnover
≈ €260,000
Estimated: probably between €170,000 and €450,000
Total assets
€262,715▼ 20.7%
2016 · €331,344
Net result
€32,048
2016 · -€58,811
Working capital
€145,028▲ 42.9%
2016 · €101,522
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
€61,201
2017
20132017
Net result
€32,048
2017
20132017
Equity
€159,394
▲ 25.2%
2017
20132017
Total assets
€262,715
▼ 20.7%
2017
20132017
Debt
€103,322
▼ 49.4%
2017
20132017
Working capital
€145,028
▲ 42.9%
2017
20132017
Staff (FTE)
0.5
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€68,915-€32,637▼ 52.6%€47,206▲ 44.6%-€54,328€61,201
Net result€38,385-€16,463▼ 57.1%€27,292▲ 65.8%-€58,811€32,048
Equity€142,401-€158,864▲ 11.6%€186,156▲ 17.2%€127,346▼ 31.6%€159,394▲ 25.2%
Total assets€303,116-€365,519▲ 20.6%€361,284▼ 1.2%€331,344▼ 8.3%€262,715▼ 20.7%
Debt€160,715-€206,655▲ 28.6%€175,128▼ 15.3%€203,998▲ 16.5%€103,322▼ 49.4%
Working capital€179,984-€177,283▼ 1.5%€215,365▲ 21.5%€101,522▼ 52.9%€145,028▲ 42.9%
Staff (FTE)1-1.7▲ 70.0%1.5▼ 11.8%0.5
The operating result for 2017 is a profit of €61,201, after a loss of €54,328 in 2016. It is the highest result since 2013.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €262,715
Fixed assets
€23,962 ▼ 40.2%
Current assets
€238,754 ▼ 18.0%
Equity and liabilities €262,715
Equity
€159,394 ▲ 25.2%
Debt
€103,322 ▼ 49.4%
Debt's share of the balance-sheet total falls from 61.6% to 39.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77,299▲
2016 · -€37,200
Cash flow
€48,146▲
2016 · -€41,683
Current ratio
2.55▲
2016 · 1.53
Quick ratio
0.31▲
2016 · 0.22
Debt to equity
0.06▼
2016 · 0.11
ROE
20.1%▲
2016 · -46.2%
ROA
12.2%▲
2016 · -17.7%
Debt ≤ 1 year
€93,725▼
2016 · €189,762
Debt > 1 year
€9,596▼
2016 · €14,236
Income taxes
€3,498
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,025 | €14,025 | €11,940 | €17,128 | €16,098 | ▼ 6.0% |
| Gross operating margin9900 | €116,527 | €109,933 | €121,203 | €41,750 | €85,850 | ▲ 106% |
| Operating profit (loss)9901 | €68,915 | €32,637 | €47,206 | -€54,328 | €61,201 | - |
| Recurring financial income75 | €250 | €152 | €266 | €686 | €594 | ▼ 13.4% |
| Recurring financial charges65 | €7,300 | €4,693 | €3,092 | €5,169 | €26,250 | ▲ 408% |
| Profit (loss) for the period before taxes9903 | €61,865 | €28,097 | €44,379 | -€58,811 | €35,546 | - |
| Income taxes67/77 | €23,480 | €11,634 | €17,087 | - | €3,498 | - |
| Profit (loss) for the period9904 | €38,385 | €16,463 | €27,292 | -€58,811 | €32,048 | - |
| Profit (loss) for the period to be appropriated9905 | €38,385 | €16,463 | €27,292 | -€58,811 | €32,048 | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303,116 | €365,519 | €361,284 | €331,344 | €262,715 | ▼ 20.7% |
| Fixed assets21/28 | €48,927 | €35,863 | €23,923 | €40,060 | €23,962 | ▼ 40.2% |
| Intangible fixed assets21 | - | - | - | €9,840 | €7,380 | ▼ 25.0% |
| Tangible fixed assets22/27 | €48,927 | €35,863 | €23,923 | €30,220 | €16,582 | ▼ 45.1% |
| Current assets29/58 | €254,189 | €329,656 | €337,361 | €291,284 | €238,754 | ▼ 18.0% |
| Stocks and contracts in progress3 | €190,000 | €230,000 | €220,000 | €250,000 | €210,000 | ▼ 16.0% |
| Amounts receivable within one year40/41 | €32,237 | €74,633 | €58,735 | €30,740 | €23,669 | ▼ 23.0% |
| Cash at bank and in hand54/58 | €30,826 | €24,689 | €58,376 | €10,544 | €5,085 | ▼ 51.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303,116 | €365,519 | €361,284 | €331,344 | €262,715 | ▼ 20.7% |
| Equity10/15 | €142,401 | €158,864 | €186,156 | €127,346 | €159,394 | ▲ 25.2% |
| Contributions10/11 | €22,310 | €22,310 | €22,310 | €22,310 | €22,310 | = |
| Reserves13 | €60,342 | €60,342 | €60,342 | €60,342 | €60,342 | = |
| Profit (loss) carried forward14 | €59,749 | €76,212 | €103,504 | €44,693 | €76,741 | ▲ 71.7% |
| Amounts payable17/49 | €160,715 | €206,655 | €175,128 | €203,998 | €103,322 | ▼ 49.4% |
| Amounts payable after more than one year17 | €83,841 | €54,282 | €23,671 | €14,236 | €9,596 | ▼ 32.6% |
| Amounts payable within one year42/48 | €74,205 | €152,373 | €121,996 | €189,762 | €93,725 | ▼ 50.6% |
| Trade debts44 | €6,021 | €69,094 | €24,724 | €58,609 | €12,174 | ▼ 79.2% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,385 | €16,463 | €27,292 | -€58,811 | €32,048 | - |
| + Depreciation and write-downs630 | €19,025 | €14,025 | €11,940 | €17,128 | €16,098 | ▼ 6.0% |
| Operating cash flow (approximation) | €57,409 | €30,488 | €39,232 | -€41,683 | €48,146 | - |
| Investment in fixed assets (approximation) | - | -€961 | €0 | -€33,265 | €0 | - |
| Change in cash | - | -€6,137 | €33,687 | -€47,832 | -€5,459 | ▲ 88.6% |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | micro format | 26-09-2018 | 2018-65200387 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-64900507 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55900464 | |
| 31-12-2014 | abbreviated format | 30-09-2015 | 2015-63000315 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-52500129 | |
| 31-12-2012 | abbreviated format | 23-08-2013 | 2013-49100301 | |
| 31-12-2011 | abbreviated format | 24-05-2012 | 2012-12600386 | |
| 31-12-2010 | abbreviated format | 27-04-2011 | 2011-09800460 | |
| 31-12-2009 | abbreviated format | 23-04-2010 | 2010-09800542 | |
| 31-12-2008 | abbreviated format | 28-05-2009 | 2009-17900160 |