Asel
Dissolution or liquidationFinancials · financial year 2016, micro format
2016 annual accounts filed 30 days after the deadline Filed on 30 August 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-51800262.
Annual accounts 2016 filed on 30-08-2017 PDF all 2 filings
Turnover
≈ €130,000
Estimated: probably between €57,000 and €300,000
Total assets
€99,899▲ 118%
2015 · €45,794
Net result
-€10,478
2015 · €4,473
Working capital
€1,648▼ 63.6%
2015 · €4,527
Multi-year overview
2015 to 2016, 2 financial yearsOperating result
-€8,700
2016
20152016
Net result
-€10,478
2016
20152016
Equity
€6,394
▼ 40.1%
2016
20152016
Total assets
€99,899
▲ 118%
2016
20152016
Debt
€93,504
▲ 166%
2016
20152016
Working capital
€1,648
▼ 63.6%
2016
20152016
Staff (FTE)
no figure
2016
20152016
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20152016
Operating result€6,076--€8,700
Net result€4,473--€10,478
Equity€10,673-€6,394▼ 40.1%
Total assets€45,794-€99,899▲ 118%
Debt€35,121-€93,504▲ 166%
Working capital€4,527-€1,648▼ 63.6%
Staff (FTE)0.6-
The operating result for 2016 is a loss of €8,700, after a profit of €6,076 in 2015.
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
2016 in colour, 2015 as the grey bar beneath
Assets €99,899
Fixed assets
€4,746 ▼ 22.8%
Current assets
€95,153 ▲ 140%
Equity and liabilities €99,899
Equity
€6,394 ▼ 40.1%
Debt
€93,504 ▲ 166%
Debt's share of the balance-sheet total rises from 76.7% to 93.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,300▼
2015 · €6,930
Cash flow
-€9,078▼
2015 · €5,327
Current ratio
1.02▼
2015 · 1.13
Quick ratio
0.81▲
2015 · 0.05
ROE
-163.9%▼
2015 · 41.9%
ROA
-10.5%▼
2015 · 9.8%
Debt ≤ 1 year
€93,504▲
2015 · €35,121
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2015 | 2016 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €854 | €1,400 | ▲ 63.9% |
| Gross operating margin9900 | €19,899 | €16,435 | ▼ 17.4% |
| Operating profit (loss)9901 | €6,076 | -€8,700 | - |
| Recurring financial income75 | €20 | - | - |
| Recurring financial charges65 | €53 | €1,779 | ▲ 34× |
| Profit (loss) for the period before taxes9903 | €6,044 | -€10,478 | - |
| Income taxes67/77 | €1,571 | - | - |
| Profit (loss) for the period9904 | €4,473 | -€10,478 | - |
| Profit (loss) for the period to be appropriated9905 | €4,473 | -€10,478 | - |
| Line | 2015 | 2016 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €45,794 | €99,899 | ▲ 118% |
| Fixed assets21/28 | €6,146 | €4,746 | ▼ 22.8% |
| Tangible fixed assets22/27 | €6,146 | €4,746 | ▼ 22.8% |
| Current assets29/58 | €39,648 | €95,153 | ▲ 140% |
| Stocks and contracts in progress3 | €37,790 | €19,598 | ▼ 48.1% |
| Amounts receivable within one year40/41 | - | €73,785 | - |
| Cash at bank and in hand54/58 | €1,859 | €1,769 | ▼ 4.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €45,794 | €99,899 | ▲ 118% |
| Equity10/15 | €10,673 | €6,394 | ▼ 40.1% |
| Contributions10/11 | €6,200 | €12,400 | ▲ 100% |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €2,613 | -€7,866 | - |
| Amounts payable17/49 | €35,121 | €93,504 | ▲ 166% |
| Amounts payable within one year42/48 | €35,121 | €93,504 | ▲ 166% |
| Trade debts44 | - | €74,490 | - |
| Line | 2015 | 2016 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,473 | -€10,478 | - |
| + Depreciation and write-downs630 | €854 | €1,400 | ▲ 63.9% |
| Operating cash flow (approximation) | €5,327 | -€9,078 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€89 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.