BTR SERVICES
InactiveInactive; last annual accounts for fiscal year 2014.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2014. Since then, 11 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
30-06-2015 close31-01-2016 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2014 was due by 31-01-2015 and was filed on 08-01-2015, 23 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2014, full schema
Turnover
€6.25M▼ 50.9%
2013 · €12.73M
2010: €8.18M
2011: €8.62M▲ +5.4% vs 2010
2013: €12.73Mhighest value
2014: €6.25M▼ -50.9% vs 2013lowest value
2010 → 2014
EBIT margin
-2.0%▲ 14.7pp
2013 · -16.7%
2010: -0.3%
2011: 1.3%▲ +492% vs 2010highest value
2013: -16.7%lowest value
2014: -2.0%▲ +87.8% vs 2013
2010 → 2014
Net result
€-151k▲ 96.1%
2013 · €-3.86M
2010: €-14khighest value
2011: €-85k▼ -509% vs 2010
2013: €-3.86Mlowest value
2014: €-151k▲ +96.1% vs 2013
2010 → 2014
Working capital
€-141k▲ 95.7%
2013 · €-3.27M
2010: €-1.11M
2011: €-1.64M▼ -47.9% vs 2010
2013: €-3.27Mlowest value
2014: €-141k▲ +95.7% vs 2013highest value
2010 → 2014
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2010201120132014Trend
Turnover€8.18M-€8.62M▲ 5.4%€12.73M▲ 47.8%€6.25M▼ 50.9%
2010: €8.18M
2011: €8.62M▲ +5.4% vs 2010
2013: €12.73Mhighest value
2014: €6.25M▼ -50.9% vs 2013lowest value
Equity€520k-€585k▲ 12.4%€-2.83M€-2.93M▼ 3.6%
2010: €520k
2011: €585k▲ +12.4% vs 2010highest value
2013: €-2.83M
2014: €-2.93M▼ -3.6% vs 2013lowest value
Operating result€-27k-€111k€-2.13M€-127k▲ 94.0%
2010: €-27k
2011: €111k▲ +513% vs 2010highest value
2013: €-2.13Mlowest value
2014: €-127k▲ +94.0% vs 2013
Net result€-14k-€-85k▼ 509%€-3.86M▼ 4,424%€-151k▲ 96.1%
2010: €-14khighest value
2011: €-85k▼ -509% vs 2010
2013: €-3.86Mlowest value
2014: €-151k▲ +96.1% vs 2013
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €127k in 2014 against €2.13M in 2013; the loss shrinks.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Assets €2.02M
Fixed assets
€932k ▼ 26.6%
Current assets
€1.09M ▼ 35.8%
Key figures and ratios
EBITDA
€-26k▲
2013 · €-1.99M
Cash flow
€-49k▲
2013 · €-3.72M
Solvency
-144.9%▼
2013 · -95.3%
Current ratio
0.89▲
2013 · 0.34
Debt to equity
-1.27
ROA
-7.5%▲
2013 · -130.3%
Interest coverage
-0.25▲
2013 · -6.26
Debt
€4.95M▼
2013 · €5.79M
Debt ≤ 1 year
€1.23M▼
2013 · €4.96M
Debt > 1 year
€3.71M
Income taxes
€8k▲
2013 · €15
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2014 against 2013 · 27 lines
Balance sheet
Code20132014
Assets
Total assets20/58€2.96M€2.02M▼
Fixed assets21/28€1.27M€932k▼
Intangible fixed assets21€271k€189k▼
Tangible fixed assets22/27€27k€20k▼
Financial fixed assets28€971k€723k▼
Current assets29/58€1.69M€1.09M▼
Amounts receivable within one year40/41€1.20M€1,000k▼
Cash at bank and in hand54/58€425k€28k▼
Equity and liabilities
Total equity and liabilities10/49€2.96M€2.02M▼
Equity10/15€-2.83M€-2.93M▼
Contributions10/11€1.04M€1.09M▲
Reserves13€19k€19k=
Profit (loss) carried forward14€-3.89M€-4.04M▼
Amounts payable17/49€5.79M€4.95M▼
Amounts payable after more than one year17-€3.71M
Amounts payable within one year42/48€4.96M€1.23M▼
Trade debts44€354k€229k▼
Income statement
Code20132014
Turnover70€12.73M€6.25M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€137k€102k▼
Operating profit (loss)9901€-2.13M€-127k▲
Recurring financial income75€705€144▼
Recurring financial charges65€320k€104k▼
Debt charges650€318k€103k▼
Profit (loss) for the period before taxes9903€-3.86M€-143k▲
Income taxes67/77€15€8k▲
Profit (loss) for the period9904€-3.86M€-151k▲
Profit (loss) for the period to be appropriated9905€-3.86M€-151k▲
Accounts by statement
| Line | 2010 | 2011 | 2013 | 2014 | Change |
|---|---|---|---|---|---|
| Turnover70 | €8.18M | €8.62M | €12.73M | €6.25M | ▼ 50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €53k | €137k | €102k | ▼ 25.9% |
| Operating profit (loss)9901 | €-27k | €111k | €-2.13M | €-127k | ▲ 94.0% |
| Recurring financial income75 | €160k | €40k | €705 | €144 | ▼ 79.6% |
| Recurring financial charges65 | €128k | €190k | €320k | €104k | ▼ 67.7% |
| Debt charges650 | - | €184k | €318k | €103k | ▼ 67.6% |
| Profit (loss) for the period before taxes9903 | €5k | €-39k | €-3.86M | €-143k | ▲ 96.3% |
| Income taxes67/77 | €19k | €46k | €15 | €8k | ▲ 50,287% |
| Profit (loss) for the period9904 | €-14k | €-85k | €-3.86M | €-151k | ▲ 96.1% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-85k | €-3.86M | €-151k | ▲ 96.1% |
| Line | 2010 | 2011 | 2013 | 2014 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.34M | €3.82M | €2.96M | €2.02M | ▼ 31.9% |
| Fixed assets21/28 | €1.63M | €2.24M | €1.27M | €932k | ▼ 26.6% |
| Intangible fixed assets21 | €5k | €192k | €271k | €189k | ▼ 30.2% |
| Tangible fixed assets22/27 | €32k | €40k | €27k | €20k | ▼ 26.4% |
| Financial fixed assets28 | €1.60M | €2.01M | €971k | €723k | ▼ 25.6% |
| Current assets29/58 | €1.71M | €1.58M | €1.69M | €1.09M | ▼ 35.8% |
| Amounts receivable within one year40/41 | €1.61M | €1.52M | €1.20M | €1,000k | ▼ 16.6% |
| Cash at bank and in hand54/58 | €25k | €501 | €425k | €28k | ▼ 93.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.34M | €3.82M | €2.96M | €2.02M | ▼ 31.9% |
| Equity10/15 | €520k | €585k | €-2.83M | €-2.93M | ▼ 3.6% |
| Contributions10/11 | €401k | €591k | €1.04M | €1.09M | ▲ 4.8% |
| Reserves13 | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €60k | €-25k | €-3.89M | €-4.04M | ▼ 3.9% |
| Amounts payable17/49 | €2.82M | €3.24M | €5.79M | €4.95M | ▼ 14.6% |
| Amounts payable after more than one year17 | - | - | - | €3.71M | - |
| Amounts payable within one year42/48 | €2.82M | €3.22M | €4.96M | €1.23M | ▼ 75.3% |
| Trade debts44 | €450k | €490k | €354k | €229k | ▼ 35.5% |
| Line | 2010 | 2011 | 2013 | 2014 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-85k | €-3.86M | €-151k | ▲ 96.1% |
| + Depreciation and write-downs630 | €44k | €53k | €137k | €102k | ▼ 25.9% |
| Operating cash flow (approximation) | €30k | €-33k | €-3.72M | €-49k | ▲ 98.7% |
| Investment in fixed assets (approximation) | - | €-661k | - | €236k | - |
| Change in cash | - | €-24k | - | €-397k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2015
08-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
14-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 103 days late
2013
30-06
Financial
Weakest financial yearnet €-3.86M
Net result drops to €-3.86M, the lowest in the series.
2012
23-11
State Gazette act
General meeting · Capital decrease
Capital increase · Share issue · Eric De Bie
14-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 14 days late
2011
18-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
01-07
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
12-01
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment · Filip Michoel
2009
19-10
State Gazette act
General meeting · Legal-form conversion
Name change · Registered-office move
03-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
03-10
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 64 days late
2007
06-08
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 6 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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