AUTOMIC SOFTWARE
InactiveInactive; last annual accounts for fiscal year 2018.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-03-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-03-2019 close31-10-2019 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2018 was due by 31-10-2018 and was filed on 24-09-2018, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2018, abbreviated schema
Equity
€679,662▲ 12.5%
2017 · €604,120
Total assets
€2.0m▲ 42.3%
2017 · €1.4m
Net result
€75,543▲ 115%
2017 · €35,183
Working capital
€1.3m▼ 0.7%
2017 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20142015201620172018
Operating result€192,027-€381,779▲ 98.8%€79,315▼ 79.2%€57,075▼ 28.0%€118,241▲ 107%
Net result€136,984-€253,117▲ 84.8%€73,373▼ 71.0%€35,183▼ 52.0%€75,543▲ 115%
Equity€242,447-€495,564▲ 104%€568,936▲ 14.8%€604,120▲ 6.2%€679,662▲ 12.5%
Total assets€782,869-€1.4m▲ 78.4%€1.2m▼ 15.5%€1.4m▲ 21.8%€2.0m▲ 42.3%
Debt€540,422-€870,911▲ 61.2%€598,088▼ 31.3%€833,403▲ 39.3%€1.4m▲ 63.9%
Working capital€231,606-€943,767▲ 307%€960,850▲ 1.8%€1.3m▲ 32.8%€1.3m▼ 0.7%
Staff (FTE)0.1-0.2▲ 100%11=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2016 Net result -71% on 2015. The previous fiscal year ran 13 months, this one 12.
- 2015 Net result +85% on 2014. This fiscal year ran 13 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2018; 2018 is 107% above 2017.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €2.0m
Fixed assets
€3,310 ▲ 350%
Current assets
€2.0m ▲ 42.1%
Equity and liabilities €2.0m
Equity
€679,662 ▲ 12.5%
Debt
€1.4m ▲ 63.9%
Debt's share of the balance-sheet total rises from 58.0% to 66.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€118,815▲
2017 · €57,407
Cash flow
€76,116▲
2017 · €35,515
Current ratio
2.64▼
2017 · 8.93
ROE
11.1%▲
2017 · 5.8%
ROA
3.7%▲
2017 · 2.4%
Debt ≤ 1 year
€775,009▲
2017 · €160,947
Income taxes
€43,168▲
2017 · €18,873
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €215,225 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €120 | - | €30 | €332 | €574 | ▲ 72.9% |
| Gross operating margin9900 | €205,068 | €439,821 | €294,758 | €287,400 | €257,541 | ▼ 10.4% |
| Operating profit (loss)9901 | €192,027 | €381,779 | €79,315 | €57,075 | €118,241 | ▲ 107% |
| Recurring financial income75 | - | €1,706 | €2,041 | €630 | €571 | ▼ 9.3% |
| Recurring financial charges65 | €439 | - | €6,027 | €3,649 | €101 | ▼ 97.2% |
| Profit (loss) for the period before taxes9903 | €209,067 | €383,485 | €75,329 | €54,056 | €118,711 | ▲ 120% |
| Income taxes67/77 | €72,082 | €130,368 | €1,956 | €18,873 | €43,168 | ▲ 129% |
| Profit (loss) for the period9904 | €136,984 | €253,117 | €73,373 | €35,183 | €75,543 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €136,984 | €253,117 | €73,373 | €35,183 | €75,543 | ▲ 115% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €782,869 | €1.4m | €1.2m | €1.4m | €2.0m | ▲ 42.3% |
| Fixed assets21/28 | €10,840 | - | €500 | €735 | €3,310 | ▲ 350% |
| Intangible fixed assets21 | - | - | - | - | €3,148 | - |
| Tangible fixed assets22/27 | - | - | €500 | €735 | €162 | ▼ 78.0% |
| Plant, machinery and equipment23 | - | - | €500 | - | - | - |
| Financial fixed assets28 | €10,840 | - | - | - | - | - |
| Current assets29/58 | €772,029 | €1.4m | €1.2m | €1.4m | €2.0m | ▲ 42.1% |
| Amounts receivable within one year40/41 | €622,135 | €933,872 | €767,087 | €419,349 | €860,958 | ▲ 105% |
| Trade receivables40 | - | - | €723,594 | - | - | - |
| Other amounts receivable41 | - | - | €43,493 | - | - | - |
| Cash at bank and in hand54/58 | €149,619 | €463,080 | €404,968 | €1.0m | €1.2m | ▲ 16.1% |
| Deferred charges and accrued income490/1 | - | - | €7,295 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €782,869 | €1.4m | €1.2m | €1.4m | €2.0m | ▲ 42.3% |
| Equity10/15 | €242,447 | €495,564 | €568,936 | €604,120 | €679,662 | ▲ 12.5% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Capital10 | - | - | €18,550 | - | - | - |
| Issued capital100 | - | - | €18,550 | - | - | - |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Legal reserve130 | - | - | €1,855 | - | - | - |
| Profit (loss) carried forward14 | €222,042 | €475,159 | €548,531 | €583,715 | €659,257 | ▲ 12.9% |
| Provisions and deferred taxes16 | - | €30,478 | €12,826 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €12,826 | - | - | - |
| Amounts payable17/49 | €540,422 | €870,911 | €598,088 | €833,403 | €1.4m | ▲ 63.9% |
| Amounts payable within one year42/48 | €540,422 | €453,185 | €218,500 | €160,947 | €775,009 | ▲ 382% |
| Trade debts44 | €21,425 | €192,068 | €151,640 | €118,600 | €642,612 | ▲ 442% |
| Suppliers440/4 | - | - | €151,640 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €66,860 | - | - | - |
| Taxes450/3 | - | - | €66,860 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €379,588 | - | - | - |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €136,984 | €253,117 | €73,373 | €35,183 | €75,543 | ▲ 115% |
| + Depreciation and write-downs630 | €120 | - | €30 | €332 | €574 | ▲ 72.9% |
| Operating cash flow (approximation) | €137,105 | €253,117 | €73,403 | €35,515 | €76,116 | ▲ 114% |
| Investment in fixed assets (approximation) | - | - | - | -€567 | -€3,148 | ▼ 455% |
| Change in cash | - | €313,462 | -€58,112 | €612,471 | €163,795 | ▼ 73.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
28-02
State Gazette act
Merger · Accounting effect
Corporate purpose
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 274 days late
31-03
Financial
Weakest financial yearnet €35,183 ▼52%
Net result drops to €35,183, the lowest in the series.
2016
30-04
Financial
Equity above €500,000Eq €568,936 ▲14.8%
3 profitable years in a row build equity to €568,936.
2015
04-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
30-04
Financial
Highest result since 2014net €253,117 ▲84.8%
Operating result €381,779, net result €253,117, both a record.
30-04
Financial
Liquidity doublescurrent ratio 3.08
Current ratio from 1.43 to 3.08; short-term debt falls from €540,422 to €453,185.
2014
27-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2013
29-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
06-11
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 6 days late
Show earlier events
2011
15-11
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 15 days late
2010
21-10
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2009
29-10
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:CA Belgium