BAFIMA

Inactive KBO/BCE: BE 0447.277.589

BAFIMA

Financial year 2014

Follow Report

Annual accounts 2014

full format, filed on 17-10-2014, 106 days before the deadline

Operating income

€180,000

unchanged

Operating result

€164,805

▼ 2.1%

EBITDA

€164,805

▼ 2.1%

Cash flow

€1.5m

▲ 227%

Solvency

99.9%

▲ 2.4 percentage points

Current ratio

Amounts without an identifiable currency are taken as euros.

Balance sheet

balance sheet total €14.5m on 30-06-2014

What the company ownsHow it is paid for

Change in equityin €m

Change in cashin €m

Filed annual accounts

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

Line	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	14.5m	13.4m	16.3m	7.2m	7.1m	6.8m	6.7m	6.6m
Formation expenses`20`	0	0	0	0	0	0	0	-
Fixed assets`21/28`	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m
Intangible fixed assets`21`	0	0	0	0	0	0	0	-
Tangible fixed assets`22/27`	0	0	0	0	0	0	0	-
Land and buildings`22`	0	0	0	0	0	0	0	-
Plant, machinery and equipment`23`	-	-	-	-	0	0	0	-
Furniture and vehicles`24`	0	0	0	0	0	0	0	-
Other tangible fixed assets`26`	0	0	0	0	0	0	0	-
Assets under construction and advance payments`27`	0	0	0	0	0	0	0	-
Financial fixed assets`28`	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m
Affiliated companies`280/1`	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m
Participating interests`280`	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m
Amounts receivable`281`	0	0	0	0	0	0	0	-
Companies linked by participating interests`282/3`	0	0	0	0	0	0	0	-
Participating interests`282`	0	0	0	0	0	0	0	-
Amounts receivable`283`	0	0	0	0	0	0	0	-
Other financial fixed assets`284/8`	0	0	0	0	0	0	0	-
Shares`284`	0	0	0	0	0	0	0	-
Amounts receivable and cash guarantees`285/8`	0	0	0	0	0	0	0	-
Current assets`29/58`	12.8m	11.6m	14.6m	5.5m	5.3m	5.1m	4.9m	4.9m
Amounts receivable after more than one year`29`	0	0	0	0	0	0	0	-
Trade receivables`290`	0	0	0	0	0	0	0	-
Other amounts receivable`291`	0	0	0	0	0	0	0	-
Stocks and contracts in progress`3`	0	0	0	0	0	0	0	-
Stocks`30/36`	0	0	0	0	0	0	0	-
Raw materials and consumables`30/31`	0	0	0	0	0	0	0	-
Work in progress`32`	0	0	0	0	0	0	0	-
Finished goods`33`	0	0	0	0	0	0	0	-
Goods purchased for resale`34`	0	0	0	0	0	0	0	-
Property held for sale`35`	0	0	0	0	0	0	0	-
Advance payments`36`	0	0	0	0	0	0	0	-
Contracts in progress`37`	0	0	0	0	0	0	0	-
Amounts receivable within one year`40/41`	27,694	27,463	8.3m	36,289	32,286	41,737	32,476	26,064
Trade receivables`40`	0	0	0	0	0	0	0	-
Other amounts receivable`41`	27,694	27,463	8.3m	36,289	32,286	41,737	32,476	26,064
Current investments`50/53`	3.0m	6.6m	3.1m	3.0m	5.1m	4.7m	4.7m	4.7m
Own shares`50`	0	0	0	0	0	0	0	-
Other investments`51/53`	3.0m	6.6m	3.1m	3.0m	5.1m	4.7m	4.7m	4.7m
Cash at bank and in hand`54/58`	9.8m	5.0m	3.2m	2.3m	90,363	242,905	112,425	86,080
Deferred charges and accrued income`490/1`	26,759	52,888	45,255	49,678	113,346	102,765	39,275	52,251
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	14.5m	13.4m	16.3m	7.2m	7.1m	6.8m	6.7m	6.6m
Equity`10/15`	14.5m	13.0m	12.7m	7.0m	6.9m	6.7m	6.7m	6.6m
Contributions`10/11`	1.4m	1.4m	1.4m	1.8m	1.8m	1.8m	1.8m	1.8m
Issued capital`100`	1.4m	1.4m	1.4m	1.8m	1.8m	1.8m	1.8m	1.8m
Uncalled capital`101`	0	0	0	0	0	0	0	-
Contributions outside capital`11`	0	0	0	0	0	0	0	-
Share premium`1100/10`	0	0	0	0	0	0	0	-
Revaluation surpluses`12`	0	0	0	0	0	0	0	-
Reserves`13`	1.9m	1.9m	1.9m	5.2m	5.1m	4.9m	4.8m	4.8m
Non-distributable reserves`130/1`	0	0	0	0	0	0	0	-
Legal reserve`130`	181,136	181,136	181,136	181,136	181,136	181,136	181,136	181,136
Own shares acquired`1312`	0	0	0	0	0	0	0	-
Other`1319`	0	0	0	0	0	0	0	-
Tax-exempt reserves`132`	0	0	0	0	0	0	0	-
Distributable reserves`133`	1.7m	1.7m	1.7m	5.1m	4.9m	4.7m	4.7m	4.6m
Profit (loss) carried forward`14`	11.2m	9.7m	9.4m	0	0	0	0	-
Investment grants`15`	0	0	0	0	0	0	0	-
Advance to shareholders on the distribution of net assets`19`	0	0	0	0	0	0	0	-
Provisions and deferred taxes`16`	6,051	0	0	0	0	0	0	-
Provisions for liabilities and charges`160/5`	6,051	0	0	0	0	0	0	-
Pensions and similar obligations`160`	0	0	0	0	0	0	0	-
Taxes`161`	0	0	0	0	0	0	0	-
Major repairs and maintenance`162`	0	0	0	0	0	0	0	-
Other liabilities and charges`164/5`	6,051	0	0	0	0	0	0	-
Deferred taxes`168`	0	0	0	0	0	0	0	-
Amounts payable`17/49`	3,082	332,914	3.6m	154,214	154,007	154,879	3,438	1,700
Amounts payable after more than one year`17`	0	0	0	0	0	0	0	-
Financial debts`170/4`	0	0	0	0	0	0	0	-
Subordinated loans`170`	0	0	0	0	0	0	0	-
Unsubordinated bonds`171`	0	0	0	0	0	0	0	-
Leasing and similar obligations`172`	0	0	0	0	0	0	0	-
Credit institutions`173`	0	0	0	0	0	0	0	-
Other loans`174`	0	0	0	0	0	0	0	-
Trade debts`175`	0	0	0	0	0	0	0	-
Suppliers`1750`	0	0	0	0	0	0	0	-
Bills of exchange payable`1751`	0	0	0	0	0	0	0	-
Advances received on contracts in progress`176`	0	0	0	0	0	0	0	-
Other amounts payable`178/9`	0	0	0	0	0	0	0	-
Amounts payable within one year`42/48`	0	328,428	3.6m	151,340	151,340	151,340	0	-
Current portion of amounts payable after more than one year`42`	0	0	0	0	0	0	0	-
Financial debts`43`	0	0	0	0	0	0	0	-
Credit institutions`430/8`	0	0	0	0	0	0	0	-
Other loans`439`	0	0	0	0	0	0	0	-
Trade debts`44`	0	1,361	0	0	0	0	0	-
Suppliers`440/4`	0	1,361	0	0	0	0	0	-
Bills of exchange payable`441`	0	0	0	0	0	0	0	-
Advances received on contracts in progress`46`	0	0	0	0	0	0	0	-
Taxes, remuneration and social security`45`	0	164,378	161,621	0	0	0	0	-
Taxes`450/3`	0	164,378	161,621	0	0	0	0	-
Remuneration and social security`454/9`	0	0	0	0	0	0	0	-
Other amounts payable`47/48`	0	162,690	3.4m	151,340	151,340	151,340	0	-
Accrued charges and deferred income`492/3`	3,082	4,486	4,301	2,874	2,667	3,539	3,438	1,700
Income statement
Operating income`70/76A`	180,000	180,000	120,000	120,000	120,000	60,000	0	1,500
Turnover`70`	0	0	0	0	0	0	0	-
Change in stocks of work in progress, finished goods and contracts in progress`71`	0	0	0	0	0	0	0	-
Own construction capitalised`72`	0	0	0	0	0	0	0	-
Non-recurring operating income`76A`	0	0	0	0	0	0	0	-
Operating charges`60/66A`	15,195	11,633	11,220	9,208	7,617	6,281	6,385	13,931
Goods for resale, raw materials and consumables`60`	0	0	0	0	0	0	0	-
Purchases`600/8`	0	0	0	0	0	0	0	-
Change in stocks: decrease (increase)`609`	0	0	0	0	0	0	0	-
Services and other goods`61`	7,673	10,300	9,451	6,857	6,138	4,869	4,874	12,422
Remuneration, social security and pensions`62`	0	0	0	0	0	0	0	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	0	0	0	0	0	0	0	-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	0	0	0	0	0	0	0	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	6,051	0	0	0	0	0	0	-
Other operating charges`640/8`	1,471	1,333	1,768	2,351	1,479	1,412	1,511	1,509
Operating charges capitalised as restructuring costs`649`	0	0	0	0	0	0	0	-
Non-recurring operating charges`66A`	0	0	0	0	0	0	0	-
Operating profit (loss)`9901`	164,805	168,367	108,780	110,792	112,383	53,719	-6,385	-12,431
Financial income`75/76B`	1.3m	298,321	9.7m	173,938	213,474	209,831	232,698	171,663
Recurring financial income`75`	1.3m	298,321	9.7m	173,938	213,474	209,831	232,698	171,663
Income from financial fixed assets`750`	1.1m	0	9.5m	0	0	0	0	-
Income from current assets`751`	224,435	298,321	169,708	173,938	213,474	209,831	232,698	171,663
Other financial income`752/9`	0	0	0	0	0	0	0	-
Financial charges`65/66B`	-86,396	-55,696	86,290	-8,822	-53,205	91,049	155,855	90,112
Recurring financial charges`65`	-86,396	-55,696	86,290	-8,822	-53,205	91,049	155,855	90,112
Debt charges`650`	0	0	0	0	0	0	0	-
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)`651`	-91,236	-60,666	78,475	-19,344	-54,442	88,448	140,065	-9,202
Other financial charges`652/9`	4,839	4,969	7,815	10,522	1,237	2,601	15,791	99,314
Profit (loss) for the period before taxes`9903`	1.6m	522,385	9.7m	293,551	379,063	172,502	70,458	69,120
Income taxes`67/77`	63,885	65,971	204,162	0	0	0	0	-
Taxes`670/3`	63,885	65,971	204,162	0	0	0	0	-
Tax adjustments and reversals of tax provisions`77`	0	0	0	0	0	0	0	-
Profit (loss) for the period`9904`	1.5m	456,414	9.5m	293,551	379,063	172,502	70,458	69,120
Transfer from tax-exempt reserves`789`	0	0	0	0	0	0	0	-
Transfer to tax-exempt reserves`689`	0	0	0	0	0	0	0	-
Profit (loss) for the period to be appropriated`9905`	1.5m	456,414	9.5m	293,551	379,063	172,502	70,458	69,120
Appropriation of the result
Profit (loss) to be appropriated`9906`	11.2m	9.8m	9.5m	293,551	379,063	172,502	70,458	69,120
Transfer from equity`791/2`	0	0	0	0	0	0	0	-
Withdrawal from contributions`791`	0	0	0	0	0	0	0	-
From reserves`792`	0	0	0	0	0	0	0	-
Transfer to equity`691/2`	0	0	0	142,211	227,723	21,162	70,458	69,120
Addition to contributions`691`	0	0	0	0	0	0	0	-
To the legal reserve`6920`	0	0	0	0	0	0	0	-
To other reserves`6921`	0	0	0	142,211	227,723	21,162	70,458	69,120
Profit to be distributed`694/7`	0	121,100	121,100	151,340	151,340	151,340	0	-
Return on contributions (dividend)`694`	0	121,100	121,100	151,340	151,340	151,340	0	-
Directors or managers`695`	0	0	0	0	0	0	0	-
Social balance sheet
Average staff (FTE)`9087`	0	0	0	0	0	0	0	-
Hours worked`1013`	0	0	0	0	0	0	0	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 14 older financial years (1993-2006) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2014 (PDF), filed on 17-10-2014.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-06-2014	full format	17-10-2014	2014-65000357	PDF
30-06-2013	full format	02-12-2013	2013-67200101	PDF
30-06-2012	full format	13-12-2012	2012-66300036	PDF
30-06-2011	full format	21-12-2011	2011-65100335	PDF
30-06-2010	full format	15-12-2010	2010-63100232	PDF
30-06-2009	full format	21-12-2009	2009-89500009	PDF
30-06-2008	full format	26-11-2008	2008-82300084	PDF
30-06-2007	full format	03-12-2007	2007-81500104	PDF
30-06-2006	full format	05-12-2006	2006-89601510	PDF
30-06-2005	full format	30-11-2005	2005-87303595	PDF
30-06-2004	full format	07-12-2004	2004-83605234	PDF
30-06-2003	full format	13-01-2004	2004-01200547	PDF
30-06-2002	abbreviated format	21-11-2002	2002-73105046	PDF
30-06-2001	abbreviated format	03-12-2001	2001-73005166	PDF
30-06-2000	abbreviated format	08-11-2000	2000-70404617	PDF
30-06-1999	abbreviated format	30-11-1999	1999-61103649	PDF
30-06-1998	abbreviated format	13-11-1998	1998-56605218	PDF
30-06-1997	abbreviated format	13-07-1998	1998-31302870	PDF
30-06-1996	abbreviated format	18-12-1996	1996-54102384	PDF
30-06-1995	full format	12-12-1995	1995-59404769	PDF
30-06-1994	full format	10-11-1994	1994-46404634	PDF
30-06-1993	full format	13-12-1993	1993-45304751	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	164,805	168,367	108,780	110,792	112,383	53,719	-6,385	-
Cash flow	1.5m	456,414	9.5m	293,551	379,063	172,502	70,458	-
Investment in fixed assets	0	0	0	0	0	0	0	-
Change in cash	4.8m	1.8m	847,303	2.2m	-152,542	130,481	26,344	-
Working capital	12.8m	11.3m	11.0m	5.3m	5.2m	4.9m	4.9m	-
Solvency	99.9%	97.5%	77.9%	97.9%	97.8%	97.7%	99.9%	100.0%
Current ratio	-	35.44	4.04	36.11	35.17	33.67	-	-
Debt to equity	0.00	0.03	0.28	0.02	0.02	0.02	0.00	0.00
ROE	10.3%	3.5%	74.6%	4.2%	5.5%	2.6%	1.1%	1.0%
ROA	10.3%	3.4%	58.1%	4.1%	5.4%	2.5%	1.1%	1.0%
Supplier credit	0 days	48 days	0 days	0 days	0 days	0 days	0 days	-

EBIT margin: not included in this filing.

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 BAFIMA

The operating result for 2014 is 2% lower than in 2013.

Debt's share of the balance-sheet total falls from 2.5% to 0.0%. Equity is higher and debt is lower.