CEMACO
Absorbed by Jan De NulFinancials · financial year 2015, full format
Annual accounts 2015 filed on 07-07-2016 PDF all 39 filings
Turnover
€4,174▼ 65.4%
2014 · €12,047
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€75,913
2014 · €48,751
Working capital
-€796,587
2014 · €378,950
Multi-year overview
2011 to 2015, 5 financial yearsTurnover
€4,174
▼ 65.4%
2015
20112015
Operating result
-€75,813
2015
20112015
Net result
-€75,913
2015
20112015
Equity
€923,913
▼ 7.6%
2015
20112015
Total assets
€2.2m
▼ 1.3%
2015
20112015
Debt
€1.2m
▲ 4.0%
2015
20112015
Working capital
-€796,587
2015
20112015
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Turnover€0.01m-€0.01m▲ 50.9%€0.01m▼ 1.2%€0.01m▼ 15.2%€0.004m▼ 65.4%
Operating result€0.01m-€0.06m▲ 386%€0.09m▲ 58.8%€0.05m▼ 47.3%-€0.08m
Net result€0.01m-€0.06m▲ 333%€0.09m▲ 59.4%€0.05m▼ 47.4%-€0.08m
Equity€0.8m-€0.9m▲ 7.3%€1.0m▲ 10.8%€1.0m▲ 5.1%€0.9m▼ 7.6%
Total assets€0.8m-€0.9m▲ 6.2%€1.0m▲ 10.8%€2.2m▲ 128%€2.2m▼ 1.3%
Debt€0.01m-€0.005m▼ 63.8%€0.005m▲ 19.0%€1.2m▲ 219×€1.2m▲ 4.0%
Working capital€0.3m-€0.4m-€0.8m
The operating result for 2015 is a loss of €75,813, after a profit of €48,866 in 2014. It is the lowest result since 2011.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.7m ▼ 4.2%
Current assets
€429,957 ▲ 12.5%
Equity and liabilities €2.2m
Equity
€923,913 ▼ 7.6%
Debt
€1.2m ▲ 4.0%
Debt's share of the balance-sheet total rises from 54.1% to 57.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37,116▼
2014 · €97,043
Cash flow
€37,016▼
2014 · €96,928
Current ratio
0.35
ROE
-8.2%▼
2014 · 4.9%
ROA
-3.5%▼
2014 · 2.2%
Interest coverage
over 100
Debt ≤ 1 year
€1.2m▲
2014 · €3,218
Customer credit
1280 days▲
2014 · 127 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2012 | 2013 |
|---|---|---|
| Tangible fixed assets | €103,709 | - |
| Depreciation and write-downs of the year | €40,861 | €48,178 |
Source: notes to the 2012 to 2013 annual accounts (statement of fixed assets)
Auditor
| Item | 2012 | 2013 |
|---|---|---|
| Fee for the audit | €4,460 | €3,000 |
Source: notes to the 2012 to 2013 annual accounts (relations with the auditor)
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €9,531 | €14,387 | €14,211 | €12,047 | €4,174 | ▼ 65.4% |
| Other operating income74 | - | €146,128 | €158,904 | - | - | - |
| Services and other goods61 | - | €31,597 | €18,872 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,348 | €40,861 | €48,178 | €48,177 | €112,929 | ▲ 134% |
| Other operating charges640/8 | - | €29,611 | €13,277 | - | - | - |
| Operating profit (loss)9901 | €12,023 | €58,446 | €92,788 | €48,866 | -€75,813 | - |
| Recurring financial income75 | €2,395 | €569 | €84 | - | - | - |
| Other financial income752/9 | - | €569 | €84 | - | - | - |
| Recurring financial charges65 | €990 | €905 | €244 | €115 | €100 | ▼ 13.0% |
| Debt charges650 | - | - | - | - | €100 | - |
| Other financial charges652/9 | - | €905 | €244 | - | - | - |
| Profit (loss) for the period before taxes9903 | €13,428 | €58,110 | €92,628 | €48,751 | -€75,913 | - |
| Profit (loss) for the period9904 | €13,428 | €58,110 | €92,628 | €48,751 | -€75,913 | - |
| Profit (loss) for the period to be appropriated9905 | €13,428 | €58,110 | €92,628 | €48,751 | -€75,913 | - |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.8m | €0.9m | €1.0m | €2.2m | €2.2m | ▼ 1.3% |
| Fixed assets21/28 | €0.5m | €0.6m | €0.6m | €1.8m | €1.7m | ▼ 4.2% |
| Tangible fixed assets22/27 | €0.5m | €0.6m | €0.6m | €1.8m | €1.7m | ▼ 4.2% |
| Land and buildings22 | - | €0.6m | €0.5m | - | - | - |
| Plant, machinery and equipment23 | - | €0.03m | €0.02m | - | - | - |
| Current assets29/58 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 12.5% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.004m | €0.01m | ▲ 249% |
| Trade receivables40 | - | €0.01m | €0.01m | - | - | - |
| Other amounts receivable41 | - | €0.3m | €0.3m | - | - | - |
| Cash at bank and in hand54/58 | - | €183 | €0.1m | €0.4m | €0.4m | ▲ 9.9% |
| Deferred charges and accrued income490/1 | - | - | €150 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.8m | €0.9m | €1.0m | €2.2m | €2.2m | ▼ 1.3% |
| Equity10/15 | €0.8m | €0.9m | €1.0m | €1.0m | €0.9m | ▼ 7.6% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | €0.1m | €0.1m | - | - | - |
| Issued capital100 | - | €0.1m | €0.1m | - | - | - |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Legal reserve130 | - | €0.01m | €0.01m | - | - | - |
| Tax-exempt reserves132 | - | €0.1m | €0.1m | - | - | - |
| Distributable reserves133 | - | €0.5m | €0.5m | - | - | - |
| Profit (loss) carried forward14 | €0.08m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 26.7% |
| Amounts payable17/49 | €0.01m | €0.005m | €0.005m | €1.2m | €1.2m | ▲ 4.0% |
| Amounts payable within one year42/48 | €0.01m | - | - | €0.003m | €1.2m | ▲ 381× |
| Trade debts44 | €0.01m | €0.004m | €0.005m | €0.002m | €0.05m | ▲ 22× |
| Suppliers440/4 | - | €0.004m | €0.005m | - | - | - |
| Taxes, remuneration and social security45 | - | €335 | €208 | - | - | - |
| Taxes450/3 | - | €335 | €208 | - | - | - |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.06m | €0.09m | €0.05m | -€0.08m | - |
| + Depreciation and write-downs630 | €0.03m | €0.04m | €0.05m | €0.05m | €0.1m | ▲ 134% |
| Operating cash flow (approximation) | €0.04m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 61.8% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€1 | -€1.3m | -€0.04m | ▲ 97.1% |
| Change in cash | - | - | €0.1m | €0.3m | €0.04m | ▼ 85.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2015 | full format | 07-07-2016 | 2016-30400055 | |
| 31-12-2014 | full format | 06-07-2015 | 2015-29300251 | |
| 31-12-2013 | full format | 05-06-2014 | 2014-16300096 | |
| 31-12-2012 | full format | 17-06-2013 | 2013-18700107 | |
| 31-12-2011 | full format | 28-06-2012 | 2012-23500319 | |
| 31-12-2010 | full format | 23-06-2011 | 2011-21900041 | |
| 31-12-2009 | full format | 01-06-2010 | 2010-14300060 | |
| 31-12-2008 | full format | 03-06-2009 | 2009-18600327 | |
| 31-12-2007 | full format | 13-06-2008 | 2008-23500043 | |
| 31-12-2006 | full format | 25-06-2007 | 2007-30700106 |