CANAL 23
InactiveInactive; last annual accounts for fiscal year 2012.
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 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline24-09-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 30-08-2013, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
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 2012, abbreviated schema
Equity
€154k▲ 17.2%
2011 · €132k
2008: €63k
2009: €63k
2010: €109k
2011: €132k
2008 → 2012
Total assets
€8.71M▼ 3.9%
2011 · €9.06M
2008: €2.83M
2009: €9.79M
2010: €9.04M
2011: €9.06M
2008 → 2012
Net result
€23k▲ 1.3%
2011 · €22k
2008: €1k
2009: €-23
2010: €46k
2011: €22k
2008 → 2012
Working capital
€-7.69M▲ 4.5%
2011 · €-8.06M
2008: €-2.70M
2009: €-9.01M
2010: €-8.79M
2011: €-8.06M
2008 → 2012
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20082009201020112012Trend
Equity€63k-€63k=€109k▲ 72.3%€132k▲ 20.4%€154k▲ 17.2%
Operating result€2k-€114k▲ 7,405%€254k▲ 122%€260k▲ 2.4%€196k▼ 24.5%
Net result€1k-€-23€46k€22k▼ 51.3%€23k▲ 1.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2012; 2012 is 25% below 2011.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €8.71M
Fixed assets
€8.29M ▼ 3.9%
Current assets
€414k ▼ 4.3%
Equity and liabilities €8.71M
Equity
€154k ▲ 17.2%
Provisions
€165k =
Debt
€8.39M ▼ 4.3%
Debt's share of the balance-sheet total falls from 96.7% to 96.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€604k▼
2011 · €667k
Cash flow
€431k▲
2011 · €430k
Current ratio
0.05▲
2011 · 0.05
ROE
14.7%▼
2011 · 17.0%
ROA
0.3%▲
2011 · 0.2%
Debt ≤ 1 year
€8.11M▼
2011 · €8.49M
Income taxes
€9k▲
2011 · €9k
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 · 2012 against 2011 · 25 lines
Balance sheet
Code20112012
Assets
Total assets20/58€9.06M€8.71M▼
Fixed assets21/28€8.63M€8.29M▼
Tangible fixed assets22/27€8.63M€8.29M▼
Financial fixed assets28€100€100=
Current assets29/58€432k€414k▼
Amounts receivable within one year40/41€365k€414k▲
Cash at bank and in hand54/58€37k-
Equity and liabilities
Total equity and liabilities10/49€9.06M€8.71M▼
Equity10/15€132k€154k▲
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Profit (loss) carried forward14€63k€86k▲
Provisions and deferred taxes16€165k€165k=
Amounts payable17/49€8.77M€8.39M▼
Amounts payable within one year42/48€8.49M€8.11M▼
Trade debts44€131k€262k▲
Income statement
Code20112012
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€408k€408k▲
Gross operating margin9900€708k€605k▼
Operating profit (loss)9901€260k€196k▼
Recurring financial income75€317€192▼
Recurring financial charges65€228k€164k▼
Profit (loss) for the period before taxes9903€32k€32k▲
Income taxes67/77€9k€9k▲
Profit (loss) for the period9904€22k€23k▲
Profit (loss) for the period to be appropriated9905€22k€23k▲
Timeline · acts, filings and financial milestones
2013
11-10
State Gazette act
Merger
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
2012
31-12
Financial
Equity above €150kEq €154k ▲17.2%
3 profitable years in a row build equity to €154k.
31-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
22-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
31-12
Financial
Equity above €100kEq €109k ▲72.3%
Equity rises from €63k to €109k.
29-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
31-12
Financial
Weakest financial yearnet €-23 ▼102%
Net result drops to €-23, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:Warehouses De Pauw