CEKIC TRANS

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Private limited company (pre-2019)founded 200810 active companies are registered at this addressKBO/BCE: BE 0807.820.849

A bankruptcy procedure is open for CEKIC TRANS according to publications in the Belgian Official Gazette; trustee: Charles Dumont De Chassart.

Summary

The 2016 annual accounts show equity of €5,161 and a net result of -€8,207.

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CEKIC TRANSOpen bankruptcy

Report

Financials · financial year 2016, full format

2016 annual accounts filed late (56 days) Filed on 25 September 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-62500027.

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

-€8,207▲ 57.7%

2015 · -€19,382

Working capital

-€1,849▲ 70.6%

2015 · -€6,284

Trend over the years

Last 5 years All years

2012 to 2016, 5 financial years 2012 to 2016, 5 financial years

The operating result stays negative: a loss of €5,486 in 2016 against €5,739 in 2015; the loss shrinks.

Turnover and resultEquity and debtWorking capitalStaff

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€5,486 2016 Net result-€8,207 2016

Every figure with its change against the financial year before

favourable unfavourable

Line20122013201420152016

Operating result€14,778-€10,671▼ 27.8%-€2,534-€5,739▼ 126%-€5,486▲ 4.4%

Net result€4,895-€4,894=-€6,166-€19,382▼ 214%-€8,207▲ 57.7%

Equity€37,022-€38,916▲ 5.1%€32,750▼ 15.8%€13,368▼ 59.2%€5,161▼ 61.4%

Total assets€127,853-€108,952▼ 14.8%€83,738▼ 23.1%€62,148▼ 25.8%€35,501▼ 42.9%

Debt€90,831-€70,036▼ 22.9%€50,988▼ 27.2%€48,780▼ 4.3%€30,340▼ 37.8%

Working capital-€5,420-€9,297€5,241▼ 43.6%-€6,284-€1,849▲ 70.6%

Staff (FTE)2-2=2=1▼ 50.0%1=

Balance-sheet composition

2016 in colour, 2015 as the grey bar beneath

Assets €35,501

19.7%

80.3%

Fixed assets €7,010 ▼ 64.3%

Current assets €28,491 ▼ 33.0%

Equity and liabilities €35,501

14.5%

85.5%

Equity €5,161 ▼ 61.4%

Debt €30,340 ▼ 37.8%

Debt's share of the balance-sheet total rises from 78.5% to 85.5%. Equity and debt are lower.

Key figures and ratios

2016 value · change against 2015

EBITDA

€10,156▲

2015 · €9,003

Cash flow

€7,435▲

2015 · -€4,640

Current ratio

0.94▲

2015 · 0.87

ROE

-159.0%▼

2015 · -145.0%

ROA

-23.1%▲

2015 · -31.2%

Debt ≤ 1 year

€30,340▼

2015 · €48,780

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2016 against 2015 · 23 lines

Balance sheet Code20152016

Assets

Total assets20/58€62,148€35,501▼

Fixed assets21/28€19,652€7,010▼

Tangible fixed assets22/27€14,652€2,010▼

Financial fixed assets28€5,000€5,000=

Current assets29/58€42,496€28,491▼

Amounts receivable within one year40/41€40,988€28,167▼

Equity and liabilities

Total equity and liabilities10/49€62,148€35,501▼

Equity10/15€13,368€5,161▼

Contributions10/11€7,500€7,500=

Reserves13€1,860€1,860=

Profit (loss) carried forward14€4,008-€4,199▼

Amounts payable17/49€48,780€30,340▼

Amounts payable within one year42/48€48,780€30,340▼

Trade debts44€9,154€11,457▲

Income statement Code20152016

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,742€15,642▲

Gross operating margin9900€37,080€38,584▲

Operating profit (loss)9901-€5,739-€5,486▲

Recurring financial income75€417€746▲

Recurring financial charges65€2,984€3,467▲

Profit (loss) for the period before taxes9903-€8,306-€8,207▲

Income taxes67/77€11,076-

Profit (loss) for the period9904-€19,382-€8,207▲

Profit (loss) for the period to be appropriated9905-€19,382-€8,207▲

Line	2012	2013	2014	2015	2016	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€34,043	€22,361	€15,032	€14,742	€15,642	▲ 6.1%
Gross operating margin9900	€119,876	€115,679	€57,910	€37,080	€38,584	▲ 4.1%
Operating profit (loss)9901	€14,778	€10,671	-€2,534	-€5,739	-€5,486	▲ 4.4%
Recurring financial income75	€1,516	€75	€240	€417	€746	▲ 78.9%
Recurring financial charges65	€6,170	€3,556	€3,378	€2,984	€3,467	▲ 16.2%
Profit (loss) for the period before taxes9903	€10,124	€7,190	-€5,672	-€8,306	-€8,207	▲ 1.2%
Income taxes67/77	€5,229	€2,296	€494	€11,076	-	-
Profit (loss) for the period9904	€4,895	€4,894	-€6,166	-€19,382	-€8,207	▲ 57.7%
Profit (loss) for the period to be appropriated9905	€4,895	€4,894	-€6,166	-€19,382	-€8,207	▲ 57.7%

Line	2012	2013	2014	2015	2016	Change
Assets
Total assets20/58	€127,853	€108,952	€83,738	€62,148	€35,501	▼ 42.9%
Formation expenses20	€170	-	-	-	-	-
Fixed assets21/28	€75,357	€49,426	€34,394	€19,652	€7,010	▼ 64.3%
Tangible fixed assets22/27	€70,187	€44,426	€29,394	€14,652	€2,010	▼ 86.3%
Financial fixed assets28	€5,000	€5,000	€5,000	€5,000	€5,000	=
Current assets29/58	€52,496	€59,526	€49,344	€42,496	€28,491	▼ 33.0%
Amounts receivable within one year40/41	€45,544	€55,557	€46,802	€40,988	€28,167	▼ 31.3%
Cash at bank and in hand54/58	€5,543	€3,904	-	-	-	-
Equity and liabilities
Total equity and liabilities10/49	€127,853	€108,952	€83,738	€62,148	€35,501	▼ 42.9%
Equity10/15	€37,022	€38,916	€32,750	€13,368	€5,161	▼ 61.4%
Contributions10/11	€7,500	€7,500	€7,500	€7,500	€7,500	=
Reserves13	€1,860	€1,860	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	€27,662	€29,556	€23,390	€4,008	-€4,199	-
Amounts payable17/49	€90,831	€70,036	€50,988	€48,780	€30,340	▼ 37.8%
Amounts payable after more than one year17	€32,915	€18,975	€6,885	-	-	-
Amounts payable within one year42/48	€57,916	€50,229	€44,103	€48,780	€30,340	▼ 37.8%
Trade debts44	€3,723	€20,438	€11,953	€9,154	€11,457	▲ 25.2%

Line	2012	2013	2014	2015	2016	Change
Profit (loss) for the period9904	€4,895	€4,894	-€6,166	-€19,382	-€8,207	▲ 57.7%
+ Depreciation and write-downs630	€34,043	€22,361	€15,032	€14,742	€15,642	▲ 6.1%
Operating cash flow (approximation)	€38,938	€27,255	€8,866	-€4,640	€7,435	-
Investment in fixed assets (approximation)	-	€3,570	€0	€0	-€3,000	-
Change in cash	-	-€1,639	-	-	-	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (8)

Financial year	Type	Filed	Reference
31-12-2016	full format	25-09-2017	2017-62500027
31-12-2015	full format	29-09-2016	2016-62400368
31-12-2014	full format	14-09-2015	2015-58600183
31-12-2013	full format	30-06-2014	2014-24400370
31-12-2012	full format	20-08-2013	2013-44000131
31-12-2011	full format	16-08-2012	2012-41400369
31-12-2010	full format	06-08-2011	2011-38500506
31-12-2009	full format	31-08-2010	2010-50300070

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.