BE FACILITY
InactiveFinancials · financial year 2019, full format
2019 annual accounts filed 207 days after the deadline Filed on 23 February 2021, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2021-05900403.
Annual accounts 2019 filed on 23-02-2021 PDF all 5 filings
Turnover
€141,858▼ 42.6%
2018 · €247,279
EBIT margin
-9.8%▼ 15.9pp
2018 · 6.1%
Net result
€4,697▼ 38.1%
2018 · €7,584
Working capital
-€5,973▲ 44.0%
2018 · -€10,670
Multi-year overview
2018 to 2019, 2 financial yearsTurnover
€141,858
▼ 42.6%
2019
20182019
Operating result
-€13,896
2019
20182019
Net result
€4,697
▼ 38.1%
2019
20182019
EBIT margin
-9.8%
▼ 15.9pp
2019
20182019
Equity
-€4,428
▲ 51.5%
2019
20182019
Total assets
€67,791
▲ 3.2%
2019
20182019
Debt
€72,220
▼ 3.4%
2019
20182019
Working capital
-€5,973
▲ 44.0%
2019
20182019
Staff (FTE)
3
▼ 40.0%
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Turnover€247,279-€141,858▼ 42.6%
Operating result€15,118--€13,896
Net result€7,584-€4,697▼ 38.1%
EBIT margin6.1%--9.8%▼ 15.9pp
Equity-€9,125--€4,428▲ 51.5%
Total assets€65,669-€67,791▲ 3.2%
Debt€74,794-€72,220▼ 3.4%
Working capital-€10,670--€5,973▲ 44.0%
Staff (FTE)5-3▼ 40.0%
The operating result for 2019 is a loss of €13,896, after a profit of €15,118 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €67,791
Fixed assets
€1,544 =
Current assets
€66,247 ▲ 3.3%
Equity and liabilities
Equity-€4,428
Debt€72,220
Equity is negative. Debt (€72,220) exceeds the balance-sheet total (€67,791).
Key figures and ratios
Solvency
-6.5%▲
2018 · -13.9%
Current ratio
0.92▲
2018 · 0.86
ROA
6.9%▼
2018 · 11.5%
Debt ≤ 1 year
€72,220▼
2018 · €74,794
Income taxes
€2,024▼
2018 · €8,617
Customer credit
150 days▲
2018 · 95 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €247,279 | €141,858 | ▼ 42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,004 | - | - |
| Gross operating margin9900 | €162,187 | €103,902 | ▼ 35.9% |
| Operating profit (loss)9901 | €15,118 | -€13,896 | - |
| Recurring financial income75 | €1,532 | €577 | ▼ 62.3% |
| Recurring financial charges65 | €449 | €102 | ▼ 77.3% |
| Profit (loss) for the period before taxes9903 | €16,201 | €6,720 | ▼ 58.5% |
| Income taxes67/77 | €8,617 | €2,024 | ▼ 76.5% |
| Profit (loss) for the period9904 | €7,584 | €4,697 | ▼ 38.1% |
| Profit (loss) for the period to be appropriated9905 | €7,584 | €4,697 | ▼ 38.1% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €65,669 | €67,791 | ▲ 3.2% |
| Fixed assets21/28 | €1,544 | €1,544 | = |
| Financial fixed assets28 | €1,544 | €1,544 | = |
| Current assets29/58 | €64,124 | €66,247 | ▲ 3.3% |
| Amounts receivable within one year40/41 | €64,124 | €58,356 | ▼ 9.0% |
| Cash at bank and in hand54/58 | - | €7,890 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €65,669 | €67,791 | ▲ 3.2% |
| Equity10/15 | -€9,125 | -€4,428 | ▲ 51.5% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €930 | €930 | = |
| Profit (loss) carried forward14 | -€16,255 | -€11,558 | ▲ 28.9% |
| Amounts payable17/49 | €74,794 | €72,220 | ▼ 3.4% |
| Amounts payable within one year42/48 | €74,794 | €72,220 | ▼ 3.4% |
| Trade debts44 | €30,345 | €18,334 | ▼ 39.6% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7,584 | €4,697 | ▼ 38.1% |
| + Depreciation and write-downs630 | €2,004 | - | - |
| Operating cash flow (approximation) | €9,589 | €4,697 | ▼ 51.0% |
| Investment in fixed assets (approximation) | - | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | full format | 23-02-2021 | 2021-05900403 | |
| 31-12-2018 | full format | 23-02-2021 | 2021-05900402 | |
| 31-12-2017 | full format | 21-08-2018 | 2018-47400442 | |
| 31-12-2016 | full format | 30-06-2017 | 2017-25200566 | |
| 31-12-2015 | full format | 29-06-2016 | 2016-24700124 |