BRIGHTSOURCE
InactiveFinancials · financial year 2016, abbreviated format
Annual accounts 2016 filed on 05-07-2017 PDF all 5 filings
Equity
€78,680▼ 35.2%
2015 · €121,408
Total assets
€260,845▼ 13.9%
2015 · €302,956
Net result
-€42,728▲ 19.3%
2015 · -€52,917
Working capital
-€13,917
2015 · €26,082
Multi-year overview
2012 to 2016, 5 financial yearsOperating result
-€39,555
▼ 183%
2016
20122016
Net result
-€42,728
▲ 19.3%
2016
20122016
Equity
€78,680
▼ 35.2%
2016
20122016
Total assets
€260,845
▼ 13.9%
2016
20122016
Debt
€182,165
▲ 0.3%
2016
20122016
Working capital
-€13,917
2016
20122016
Staff (FTE)
0.1
▼ 90.0%
2016
20122016
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Operating result€33,695-€24,733▼ 26.6%€10,793▼ 56.4%-€13,983-€39,555▼ 183%
Net result€12,389-€11,864▼ 4.2%€72▼ 99.4%-€52,917-€42,728▲ 19.3%
Equity€162,389-€174,253▲ 7.3%€174,325=€121,408▼ 30.4%€78,680▼ 35.2%
Total assets€627,570-€601,681▼ 4.1%€460,998▼ 23.4%€302,956▼ 34.3%€260,845▼ 13.9%
Debt€465,181-€427,428▼ 8.1%€286,673▼ 32.9%€181,548▼ 36.7%€182,165▲ 0.3%
Working capital-€172,106--€115,689▲ 32.8%-€116,852▼ 1.0%€26,082-€13,917
Staff (FTE)10.1▼ 90.0%
The operating result for 2016 is a loss of €39,555, larger than the loss of €13,983 in 2015. It is the lowest result since 2012.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €260,845
Fixed assets
€97,118 ▲ 0.6%
Current assets
€163,727 ▼ 20.7%
Equity and liabilities €260,845
Equity
€78,680 ▼ 35.2%
Debt
€182,165 ▲ 0.3%
Debt's share of the balance-sheet total rises from 59.9% to 69.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€39,274▼
2015 · -€13,632
Cash flow
-€42,447▲
2015 · -€52,566
Current ratio
0.92▼
2015 · 1.14
Quick ratio
0.77▲
2015 · 0.75
ROE
-54.3%▼
2015 · -43.6%
ROA
-16.4%▲
2015 · -17.5%
Debt ≤ 1 year
€177,644▼
2015 · €180,339
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €702 | €421 | €351 | €281 | ▼ 20.0% |
| Gross operating margin9900 | €34,390 | €25,783 | €11,668 | -€5,344 | -€36,582 | ▼ 584% |
| Operating profit (loss)9901 | €33,695 | €24,733 | €10,793 | -€13,983 | -€39,555 | ▼ 183% |
| Recurring financial income75 | €60 | €3,357 | €859 | €16,070 | €3,038 | ▼ 81.1% |
| Recurring financial charges65 | €14,951 | €11,284 | €10,684 | €5,359 | €6,210 | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | €18,804 | €16,806 | €970 | -€52,917 | -€42,728 | ▲ 19.3% |
| Income taxes67/77 | €6,415 | €4,942 | €897 | - | - | - |
| Profit (loss) for the period9904 | €12,389 | €11,864 | €72 | -€52,917 | -€42,728 | ▲ 19.3% |
| Profit (loss) for the period to be appropriated9905 | €12,389 | €11,864 | €72 | -€52,917 | -€42,728 | ▲ 19.3% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €627,570 | €601,681 | €460,998 | €302,956 | €260,845 | ▼ 13.9% |
| Fixed assets21/28 | €334,495 | €292,698 | €291,177 | €96,534 | €97,118 | ▲ 0.6% |
| Tangible fixed assets22/27 | - | €1,053 | €632 | €281 | - | - |
| Financial fixed assets28 | €334,495 | €291,645 | €290,545 | €96,254 | €97,118 | ▲ 0.9% |
| Current assets29/58 | €293,074 | €308,983 | €169,821 | €206,422 | €163,727 | ▼ 20.7% |
| Stocks and contracts in progress3 | - | - | €45,000 | €71,232 | €26,232 | ▼ 63.2% |
| Amounts receivable within one year40/41 | €258,559 | €263,393 | €76,658 | €133,705 | €124,822 | ▼ 6.6% |
| Cash at bank and in hand54/58 | €34,515 | €45,094 | €44,013 | - | €10,315 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €627,570 | €601,681 | €460,998 | €302,956 | €260,845 | ▼ 13.9% |
| Equity10/15 | €162,389 | €174,253 | €174,325 | €121,408 | €78,680 | ▼ 35.2% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €12,389 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | - | €9,253 | €9,325 | -€43,592 | -€86,320 | ▼ 98.0% |
| Amounts payable17/49 | €465,181 | €427,428 | €286,673 | €181,548 | €182,165 | ▲ 0.3% |
| Amounts payable within one year42/48 | €465,181 | €424,672 | €286,673 | €180,339 | €177,644 | ▼ 1.5% |
| Trade debts44 | €179,386 | €246,520 | €100,081 | €97,757 | €72,224 | ▼ 26.1% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,389 | €11,864 | €72 | -€52,917 | -€42,728 | ▲ 19.3% |
| + Depreciation and write-downs630 | - | €702 | €421 | €351 | €281 | ▼ 20.0% |
| Operating cash flow (approximation) | €12,389 | €12,566 | €493 | -€52,566 | -€42,447 | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | €41,095 | €1,100 | €194,292 | -€864 | - |
| Change in cash | - | €10,579 | -€1,081 | - | - | - |
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 |
|---|---|---|---|---|
| 31-12-2016 | abbreviated format | 05-07-2017 | 2017-27700249 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-49700061 | |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-37000283 | |
| 31-12-2013 | abbreviated format | 30-07-2014 | 2014-37900211 | |
| 31-12-2012 | abbreviated format | 30-07-2013 | 2013-38700374 |