BAILLI
Open bankruptcyFinancials · financial year 2017, micro format
2017 annual accounts filed late (7 days) Filed on 7 August 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-44000437.
Turnover
≈ €160,000
Estimated: probably between €110,000 and €280,000
EBIT margin
Not included in this filing
Net result
€1,576▼ 93.4%
2016 · €23,884
Working capital
-€12,859▼ 37.0%
2016 · -€9,387
Trend over the years
2013 to 2017, 5 financial years 2013 to 2017, 5 financial years
The operating result falls in 2017; 2017 is 74% below 2016 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€7,739
2017
Net result€1,576
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€55,223
2017
Equity-€2,498
2017
Debt€57,722
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€12,859
2017
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€9,545-€10,840▲ 13.6%€20,292▲ 87.2%€29,375▲ 44.8%€7,739▼ 73.7%
Net result€2,728-€5,623▲ 106%€16,143▲ 187%€23,884▲ 48.0%€1,576▼ 93.4%
Equity-€49,724--€44,101▲ 11.3%-€27,958▲ 36.6%-€4,074▲ 85.4%-€2,498▲ 38.7%
Total assets€90,721-€71,841▼ 20.8%€73,322▲ 2.1%€59,609▼ 18.7%€55,223▼ 7.4%
Debt€140,445-€115,942▼ 17.4%€101,280▼ 12.6%€63,683▼ 37.1%€57,722▼ 9.4%
Working capital-€58,283--€49,793▲ 14.6%-€26,205▲ 47.4%-€9,387▲ 64.2%-€12,859▼ 37.0%
Staff (FTE)1.9-1.6▼ 15.8%1▼ 37.5%1
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €55,223
Fixed assets
€11,328 ▲ 42.8%
Current assets
€43,895 ▼ 15.1%
Equity and liabilities
Equity-€2,498
Debt€57,722
Equity is negative: debt (€57,722) exceeds the balance-sheet total (€55,223).
Key figures and ratios
EBITDA
€9,596▼
2016 · €30,693
Cash flow
€3,433▼
2016 · €25,203
Solvency
-4.5%▲
2016 · -6.8%
Current ratio
0.77▼
2016 · 0.85
Quick ratio
0.03▼
2016 · 0.20
ROA
2.9%▼
2016 · 40.1%
Debt ≤ 1 year
€56,754▼
2016 · €61,063
Debt > 1 year
€967▼
2016 · €2,619
Income taxes
€0▼
2016 · €3,238
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | €10,081 | €9,388 | €2,331 | €1,318 | €1,857 | ▲ 40.9% |
| Gross operating margin9900 | €89,156 | €75,956 | €61,368 | €72,881 | €54,185 | ▼ 25.7% |
| Operating profit (loss)9901 | €9,545 | €10,840 | €20,292 | €29,375 | €7,739 | ▼ 73.7% |
| Recurring financial income75 | €118 | €64 | €176 | €71 | €0 | ▼ 99.4% |
| Recurring financial charges65 | €6,934 | €5,281 | €4,325 | €2,324 | €6,163 | ▲ 165% |
| Profit (loss) for the period before taxes9903 | €2,729 | €5,623 | €16,143 | €27,122 | €1,576 | ▼ 94.2% |
| Income taxes67/77 | €1 | - | €0 | €3,238 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2,728 | €5,623 | €16,143 | €23,884 | €1,576 | ▼ 93.4% |
| Profit (loss) for the period to be appropriated9905 | €2,696 | €5,591 | €16,111 | €23,852 | €1,544 | ▼ 93.5% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90,721 | €71,841 | €73,322 | €59,609 | €55,223 | ▼ 7.4% |
| Fixed assets21/28 | €18,468 | €10,732 | €9,251 | €7,932 | €11,328 | ▲ 42.8% |
| Intangible fixed assets21 | €2,187 | €400 | €200 | - | €0 | - |
| Tangible fixed assets22/27 | €9,265 | €3,316 | €2,035 | €917 | €4,312 | ▲ 370% |
| Financial fixed assets28 | €7,016 | €7,016 | €7,015 | €7,015 | €7,015 | = |
| Current assets29/58 | €72,253 | €61,109 | €64,071 | €51,676 | €43,895 | ▼ 15.1% |
| Stocks and contracts in progress3 | €56,297 | €42,763 | €39,864 | €39,684 | €42,076 | ▲ 6.0% |
| Amounts receivable within one year40/41 | €388 | €360 | €1,361 | €480 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €12,343 | €15,108 | €19,185 | €8,003 | €1,819 | ▼ 77.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90,721 | €71,841 | €73,322 | €59,609 | €55,223 | ▼ 7.4% |
| Equity10/15 | -€49,724 | -€44,101 | -€27,958 | -€4,074 | -€2,498 | ▲ 38.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €32 | €64 | €96 | €128 | €160 | ▲ 25.0% |
| Profit (loss) carried forward14 | -€68,356 | -€62,765 | -€46,654 | -€22,802 | -€21,258 | ▲ 6.8% |
| Amounts payable17/49 | €140,445 | €115,942 | €101,280 | €63,683 | €57,722 | ▼ 9.4% |
| Amounts payable after more than one year17 | €9,512 | €4,398 | €7,712 | €2,619 | €967 | ▼ 63.1% |
| Amounts payable within one year42/48 | €130,536 | €110,902 | €90,276 | €61,063 | €56,754 | ▼ 7.1% |
| Trade debts44 | €33,803 | €19,944 | €26,578 | €20,835 | €44,734 | ▲ 115% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,728 | €5,623 | €16,143 | €23,884 | €1,576 | ▼ 93.4% |
| + Depreciation and write-downs630 | €10,081 | €9,388 | €2,331 | €1,318 | €1,857 | ▲ 40.9% |
| Operating cash flow (approximation) | €12,809 | €15,011 | €18,474 | €25,203 | €3,433 | ▼ 86.4% |
| Investment in fixed assets (approximation) | - | -€1,652 | -€850 | €0 | -€5,253 | - |
| Change in cash | - | €2,765 | €4,077 | -€11,182 | -€6,184 | ▲ 44.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2017 | micro format | 07-08-2018 | 2018-44000437 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-51400498 |
| 31-12-2015 | full format | 14-06-2016 | 2016-18100208 |
| 31-12-2014 | full format | 26-08-2015 | 2015-48100458 |
| 31-12-2013 | full format | 21-08-2014 | 2014-46200040 |
| 31-12-2012 | full format | 30-08-2013 | 2013-56500273 |
| 31-12-2011 | full format | 07-05-2012 | 2012-10900574 |
| 31-12-2010 | full format | 27-07-2011 | 2011-34200313 |
| 31-12-2009 | full format | 19-07-2010 | 2010-31900067 |
| 31-12-2008 | full format | 03-08-2009 | 2009-53600209 |
Similar companies · same sector, comparable size
ESTRELA TEXTILES
BE 0450.900.936
Mont-de-l'Enclus · FTE 1
BOGATEX
BE 0412.964.632
Ingelmunster · FTE 2.8
BELDEKOR
BE 0785.877.667
Harelbeke · FTE 2.8
BLOCTEX
BE 0445.845.652
Harelbeke · FTE 2.9
CEETEX
BE 0810.760.048
Pecq · FTE 3
Of the 223 active companies whose main activity is manufacture of textiles (NACE 13921), figures are known for 71. 21 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.