CASES & CABINETS
InactiveInactive; last annual accounts for fiscal year 2013.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2013 was due by 31-07-2014 and was filed on 15-05-2014, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2013
77 d early
2012
13 d early
2011
32 d early
2010
45 d early
2009
26 d early
2008
28 d early
2007
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2013, full schema
Turnover
€1.35M▼ 21.4%
2012 · €1.71M
2010: €1.21Mlowest in 4 years
2011: €1.44M▲ +19.1% vs 2010
2012: €1.71M▲ +18.8% vs 2011highest in 4 years
2013: €1.35M▼ -21.4% vs 2012
2010 → 2013
EBIT margin
5.7%▲ 10.9pp
2012 · -5.2%
2010: 10.1%highest in 4 years
2011: 1.7%▼ -82.7% vs 2010
2012: -5.2%▼ -400% vs 2011lowest in 4 years
2013: 5.7%▲ +208% vs 2012
2010 → 2013
Net result
€167k▲ 315%
2012 · €40k
2009: €2klowest in 5 years
2010: €83k▲ +3524% vs 2009
2011: €18k▼ -78.1% vs 2010
2012: €40k▲ +121% vs 2011
2013: €167k▲ +315% vs 2012highest in 5 years
2009 → 2013
Working capital
€476k▲ 36.8%
2012 · €348k
2009: €30klowest in 5 years
2010: €140k▲ +364% vs 2009
2011: €153k▲ +9.9% vs 2010
2012: €348k▲ +127% vs 2011
2013: €476k▲ +36.8% vs 2012highest in 5 years
2009 → 2013
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20092010201120122013Trend
Turnover€1.21M€1.44M▲ 19.1%€1.71M▲ 18.8%€1.35M▼ 21.4%
2010: €1.21Mlowest in 4 years
2011: €1.44M▲ +19.1% vs 2010
2012: €1.71M▲ +18.8% vs 2011highest in 4 years
2013: €1.35M▼ -21.4% vs 2012
Equity€151k-€234k▲ 54.8%€252k▲ 7.7%€292k▲ 15.9%€459k▲ 57.0%
2009: €151klowest in 5 years
2010: €234k▲ +54.8% vs 2009
2011: €252k▲ +7.7% vs 2010
2012: €292k▲ +15.9% vs 2011
2013: €459k▲ +57.0% vs 2012highest in 5 years
Operating result€9k-€122k▲ 1,255%€25k▼ 79.4%€-90k€76k
2009: €9k
2010: €122k▲ +1255% vs 2009highest in 5 years
2011: €25k▼ -79.4% vs 2010
2012: €-90k▼ -457% vs 2011lowest in 5 years
2013: €76k▲ +185% vs 2012
Net result€2k-€83k▲ 3,524%€18k▼ 78.1%€40k▲ 121%€167k▲ 315%
2009: €2klowest in 5 years
2010: €83k▲ +3524% vs 2009
2011: €18k▼ -78.1% vs 2010
2012: €40k▲ +121% vs 2011
2013: €167k▲ +315% vs 2012highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2013: €76k after a loss of €90k in 2012.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €668k
Fixed assets
€50k ▲ 314%
Current assets
€618k ▲ 18.9%
Equity and liabilities €668k
Equity
€459k ▲ 57.0%
Provisions
€67k =
Debt
€142k ▼ 17.7%
Debt's share of the balance-sheet total falls from 32.4% to 21.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79k▲
2012 · €-88k
Cash flow
€169k▲
2012 · €42k
Current ratio
4.35▲
2012 · 3.02
Quick ratio
2.11▼
2012 · 2.77
ROE
36.3%▲
2012 · 13.7%
ROA
24.9%▲
2012 · 7.5%
Interest coverage
167.15▲
2012 · -44.14
Debt ≤ 1 year
€142k▼
2012 · €172k
Income taxes
€31k▲
2012 · €1k
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 · 2013 against 2012 · 25 lines
Balance sheet
Code20122013
Assets
Total assets20/58€532k€668k▲
Fixed assets21/28€12k€50k▲
Tangible fixed assets22/27€12k€50k▲
Current assets29/58€520k€618k▲
Stocks and contracts in progress3€43k€319k▲
Amounts receivable within one year40/41€69k€27k▼
Cash at bank and in hand54/58€84k€201k▲
Equity and liabilities
Total equity and liabilities10/49€532k€668k▲
Equity10/15€292k€459k▲
Contributions10/11€100k€100k=
Reserves13€192k€359k▲
Provisions and deferred taxes16€67k€67k=
Amounts payable17/49€173k€142k▼
Amounts payable within one year42/48€172k€142k▼
Trade debts44€81k€37k▼
Income statement
Code20122013
Turnover70€1.71M€1.35M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Operating profit (loss)9901€-90k€76k▲
Recurring financial income75€3k€1k▼
Recurring financial charges65€2k€1k▼
Debt charges650€2k€471▼
Profit (loss) for the period before taxes9903€109k€198k▲
Income taxes67/77€1k€31k▲
Profit (loss) for the period9904€40k€167k▲
Profit (loss) for the period to be appropriated9905€-90k€167k▲
Accounts by statement
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €1.21M | €1.44M | €1.71M | €1.35M | ▼ 21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54k | €42k | €37k | €2k | €3k | ▲ 42.9% |
| Gross operating margin9900 | €687k | - | - | - | - | - |
| Operating profit (loss)9901 | €9k | €122k | €25k | €-90k | €76k | ▲ 185% |
| Recurring financial income75 | €402 | €1k | €2k | €3k | €1k | ▼ 62.8% |
| Recurring financial charges65 | €6k | €7k | €5k | €2k | €1k | ▼ 49.3% |
| Debt charges650 | - | €6k | €5k | €2k | €471 | ▼ 76.3% |
| Profit (loss) for the period before taxes9903 | €4k | €124k | €22k | €109k | €198k | ▲ 81.8% |
| Income taxes67/77 | €1k | €41k | €4k | €1k | €31k | ▲ 1,993% |
| Profit (loss) for the period9904 | €2k | €83k | €18k | €40k | €167k | ▲ 315% |
| Profit (loss) for the period to be appropriated9905 | €2k | €83k | €18k | €-90k | €167k | ▲ 284% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €466k | €532k | €632k | €532k | €668k | ▲ 25.6% |
| Fixed assets21/28 | €182k | €136k | €121k | €12k | €50k | ▲ 314% |
| Tangible fixed assets22/27 | €182k | €136k | €121k | €12k | €50k | ▲ 314% |
| Current assets29/58 | €284k | €396k | €510k | €520k | €618k | ▲ 18.9% |
| Stocks and contracts in progress3 | €115k | €107k | €127k | €43k | €319k | ▲ 635% |
| Amounts receivable within one year40/41 | €155k | €230k | €256k | €69k | €27k | ▼ 60.6% |
| Cash at bank and in hand54/58 | €6k | €53k | €122k | €84k | €201k | ▲ 141% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €466k | €532k | €632k | €532k | €668k | ▲ 25.6% |
| Equity10/15 | €151k | €234k | €252k | €292k | €459k | ▲ 57.0% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €51k | €134k | €152k | €192k | €359k | ▲ 86.6% |
| Provisions and deferred taxes16 | - | - | - | €67k | €67k | = |
| Amounts payable17/49 | €315k | €298k | €379k | €173k | €142k | ▼ 17.7% |
| Amounts payable after more than one year17 | €61k | €42k | €22k | - | - | - |
| Amounts payable within one year42/48 | €254k | €256k | €357k | €172k | €142k | ▼ 17.5% |
| Trade debts44 | €58k | €29k | €90k | €81k | €37k | ▼ 53.9% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €83k | €18k | €40k | €167k | ▲ 315% |
| + Depreciation and write-downs630 | €54k | €42k | €37k | €2k | €3k | ▲ 42.9% |
| Operating cash flow (approximation) | €56k | €124k | €55k | €42k | €169k | ▲ 303% |
| Investment in fixed assets (approximation) | - | €4k | €-22k | €107k | €-41k | ▼ 138% |
| Change in cash | - | €47k | €68k | €-38k | €118k | ▲ 409% |
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
2014
23-05
State Gazette act
General meeting · Merger
Accounting effect · Share cancellation
15-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
13-03
State Gazette act
Merger · Accounting effect
Shareholding · Cost allocation
2013
31-12
Financial
Highest result since 2009net €167k ▲315%
Net result €167k, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-12
Financial
Liquidity doublescurrent ratio 3.02
Current ratio from 1.43 to 3.02; short-term debt falls from €357k to €172k.
29-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
16-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
31-12
Financial
Equity above €200kEq €234k ▲54.8%
2 profitable years in a row build equity to €234k.
05-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
03-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
23-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
Show earlier events
2007
26-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
29-05
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
28-06
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:A.E.D. Rent