BLUSTORM (0645.501.346), Inactive: financials and annual accounts

Annual accounts 2019

abbreviated format, filed on 10-06-2020, 51 days before the deadline

Gross margin

€717

▼ 97.8%

Operating result

-€134

▼ €32,216

Loss

-€1,537

▼ €22,807

Working capital

-€14,201

▼ €54,166

Solvency

42.1%

▼ 7.9 percentage points

Current ratio

0.74

▼ 1.25

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €4,800. Estimated: probably between €2,000 and €12,000.

Balance sheet

balance sheet total €93,015 on 31-12-2019

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

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

Line	2019	2018	2017	2016
Balance sheet: assets
Total assets`20/58`	93,015	81,365	145,124	103,509
Fixed assets`21/28`	53,371	742	-	-
Intangible fixed assets`21`	53,000	-	-	-
Tangible fixed assets`22/27`	371	742	-	-
Furniture and vehicles`24`	371	742	-	-
Current assets`29/58`	39,644	80,623	145,124	103,509
Amounts receivable within one year`40/41`	32,738	40,591	59,885	71,629
Trade receivables`40`	5,412	29,256	59,885	65,698
Other amounts receivable`41`	27,326	11,335	-	5,931
Cash at bank and in hand`54/58`	6,266	35,476	84,152	30,113
Deferred charges and accrued income`490/1`	641	4,556	1,087	1,767
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	93,015	81,365	145,124	103,509
Equity`10/15`	39,170	40,707	19,437	15,637
Contributions`10/11`	7,700	7,700	7,700	7,700
Issued capital`100`	20,000	20,000	20,000	20,000
Uncalled capital`101`	12,300	12,300	12,300	12,300
Reserves`13`	31,470	33,000	11,000	7,000
Legal reserve`130`	1,650	1,650	587	397
Distributable reserves`133`	29,819	31,350	10,413	6,603
Profit (loss) carried forward`14`	-	7	737	937
Amounts payable`17/49`	53,846	40,658	125,688	87,873
Amounts payable within one year`42/48`	53,846	40,658	125,688	87,873
Trade debts`44`	-	35,858	116,608	80,566
Suppliers`440/4`	-	35,858	116,608	80,566
Taxes, remuneration and social security`45`	-	3,283	8,846	5,112
Taxes`450/3`	-	3,283	8,846	5,112
Other amounts payable`47/48`	53,846	1,518	233	2,194
Income statement
Gross operating margin`9900`	717	33,104	7,994	24,711
Remuneration, social security and pensions`62`	-	-	312	11,549
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	371	371	-	-
Other operating charges`640/8`	480	652	625	50
Operating profit (loss)`9901`	-134	32,082	7,056	13,111
Financial income`75/76B`	159	-	88	8
Recurring financial income`75`	159	-	88	8
Financial charges`65/66B`	1,561	222	61	70
Recurring financial charges`65`	1,561	222	61	70
Profit (loss) for the period before taxes`9903`	-1,537	31,859	7,083	13,049
Income taxes`67/77`	-	10,589	3,283	5,112
Profit (loss) for the period`9904`	-1,537	21,270	3,800	7,937
Profit (loss) for the period to be appropriated`9905`	-1,537	21,270	3,800	7,937
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1,530	22,007	4,737	7,937
Transfer from equity`791/2`	1,530	-	-	-
Transfer to equity`691/2`	-	22,000	4,000	7,000
To the legal reserve`6920`	-	1,064	190	397
To other reserves`6921`	-	20,936	3,810	6,603
Social balance sheet
Average staff (FTE)`9087`	-	-	-	0.2
Hours worked`1013`	-	-	-	289
Document	PDF	PDF	PDF	PDF

Source: Annual accounts 2019 (PDF), filed on 10-06-2020.

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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
31-12-2019	abbreviated format	10-06-2020	2020-17700154	PDF
31-12-2018	abbreviated format	24-06-2019	2019-22400264	PDF
31-12-2017	abbreviated format	31-08-2018	2018-60600066	PDF
31-12-2016	abbreviated format	13-06-2017	2017-17200570	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2019	2018	2017	2016
EBITDA	237	32,453	-	-
Cash flow	-1,166	21,641	-	-
Investment in fixed assets	53,000	1,113	-	-
Change in cash	-29,210	-48,677	54,039	-
Working capital	-14,201	39,965	19,437	15,637
Solvency	42.1%	50.0%	13.4%	15.1%
Current ratio	0.74	1.98	1.15	1.18
Debt to equity	1.37	1.00	6.47	5.62
ROE	-3.9%	52.3%	19.5%	50.8%
ROA	-1.7%	26.1%	2.6%	7.7%

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 BLUSTORM

The operating result for 2019 is a loss of €134, after a profit of €32,082 in 2018. It is the lowest result since 2016.

Debt's share of the balance-sheet total rises from 50.0% to 57.9%. Equity is lower and debt is higher.