B-WELLD (0820.121.142), Inactive: financials and annual accounts

Annual accounts 2014

abbreviated format, filed on 02-07-2015, 29 days before the deadline

Gross margin

-€3,957

▼ €8,438

Operating result

-€4,717

▼ €8,333

Loss

-€10,022

▼ €10,890

Working capital

€12,688

▼ 54.0%

Solvency

11.0%

▲ 0.6 percentage points

Current ratio

1.12

▼ 0.02

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €115,624 on 31-12-2014

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

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

Line	2014	2013	2012	2011	2010
Balance sheet: assets
Total assets`20/58`	115,624	218,186	191,355	64,804	59,452
Formation expenses`20`	-	320	747	1,174	1,601
Fixed assets`21/28`	-	320	747	1,174	2,119
Tangible fixed assets`22/27`	-	-	-	-	518
Plant, machinery and equipment`23`	-	-	-	-	518
Current assets`29/58`	115,624	217,866	190,608	63,630	57,333
Amounts receivable within one year`40/41`	61,782	82,484	56,724	37,167	25,559
Trade receivables`40`	61,782	82,484	56,724	35,013	25,559
Other amounts receivable`41`	-	-	-	2,154	-
Cash at bank and in hand`54/58`	2,491	72,432	7,984	26,463	31,755
Deferred charges and accrued income`490/1`	51,351	62,950	125,900	-	19
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	115,624	218,186	191,355	64,804	59,452
Equity`10/15`	12,688	22,709	21,841	20,616	19,889
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	18,600	18,600	18,600	18,600	18,600
Reserves`13`	4,110	4,109	3,241	200	100
Legal reserve`130`	1,860	1,860	1,860	200	100
Distributable reserves`133`	2,250	2,249	1,381	-	-
Profit (loss) carried forward`14`	-10,022	-	-	1,816	1,189
Amounts payable`17/49`	102,936	195,477	169,514	44,188	39,563
Amounts payable within one year`42/48`	102,936	190,277	168,014	44,188	39,459
Trade debts`44`	33,156	53,571	33,887	39,788	30,792
Suppliers`440/4`	33,156	53,571	33,887	39,788	30,792
Taxes, remuneration and social security`45`	310	6,706	4,127	-	4,267
Taxes`450/3`	310	6,706	4,127	-	4,267
Other amounts payable`47/48`	69,470	130,000	130,000	4,400	4,400
Accrued charges and deferred income`492/3`	-	5,200	1,500	-	104
Income statement
Non-recurring operating income`76A`	-	2,752	9,947	58	-
Gross operating margin`9900`	-3,957	4,481	-7,909	1,264	3,133
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	320	427	427	427	591
Other operating charges`640/8`	440	438	403	636	1,176
Operating profit (loss)`9901`	-4,717	3,616	-8,739	201	1,366
Financial income`75/76B`	-	-	391	480	30
Recurring financial income`75`	-	-	391	480	30
Financial charges`65/66B`	5,305	5,354	164	12	102
Recurring financial charges`65`	5,305	5,354	164	12	102
Profit (loss) for the period before taxes`9903`	-10,022	1,014	1,435	727	1,294
Income taxes`67/77`	-	146	210	-	5
Profit (loss) for the period`9904`	-10,022	868	1,225	727	1,289
Profit (loss) for the period to be appropriated`9905`	-10,022	868	1,225	727	1,289
Appropriation of the result
Profit (loss) to be appropriated`9906`	-10,022	868	3,041	1,916	1,289
Transfer to equity`691/2`	-	868	3,041	100	100
To the legal reserve`6920`	-	-	1,660	100	100
To other reserves`6921`	-	868	1,381	-	-
Document	PDF	PDF	PDF	PDF	PDF

Source: Annual accounts 2014 (PDF), filed on 02-07-2015.

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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
31-12-2014	abbreviated format	02-07-2015	2015-26000366	PDF
31-12-2013	abbreviated format	16-07-2014	2014-32200225	PDF
31-12-2012	abbreviated format	26-07-2013	2013-35700503	PDF
31-12-2011	abbreviated format	27-08-2012	2012-51700305	PDF
31-12-2010	abbreviated format	27-07-2011	2011-35600135	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2014	2013	2012	2011	2010
EBITDA	-4,397	4,043	-8,312	628	1,957
Cash flow	-9,702	1,295	1,652	1,154	1,880
Investment in fixed assets (approximation)	0	0	0	-518	575
Change in cash	-69,941	64,448	-18,479	-5,292	-
Working capital	12,688	27,589	22,594	19,442	17,874
Solvency	11.0%	10.4%	11.4%	31.8%	33.5%
Current ratio	1.12	1.14	1.13	1.44	1.45
Debt to equity	8.11	8.61	7.76	2.14	1.99
ROE	-79.0%	3.8%	5.6%	3.5%	6.5%
ROA	-8.7%	0.4%	0.6%	1.1%	2.2%

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 B-WELLD

The operating result for 2014 is a loss of €4,717, after a profit of €3,616 in 2013.

Debt's share of the balance-sheet total falls from 89.6% to 89.0%. Equity and debt are lower.