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Inactive
KBO/BCE: BE 0443.979.391

Inactive; last annual accounts for fiscal year 2018.

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 31-03-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-03-2019 close31-10-2019 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2018 was due by 31-10-2018 and was filed on 24-09-2018, 37 days ahead of the deadline.
NBB · 10 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2018, full schema

Turnover
€910k
EBIT margin
-26.0%
Net result
€-82k▲ 68.6%
2017 · €-262k
2015: €19k 2016: €130k 2017: €-262k
2015 → 2018
Working capital
€-163k▼ 303%
2017 · €-41k
2015: €473k 2016: €535k 2017: €-41k
2015 → 2018
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line2015201620172018Trend
Turnover€910k
Equity€1.57M-€1.70M▲ 8.3%€1.46M▼ 14.5%€1.37M▼ 5.6%
Operating result€35k-€202k▲ 471%€-237k€-68k▲ 71.1%
Net result€19k-€130k▲ 576%€-262k€-82k▲ 68.6%
Result per fiscal year
Operating resultNet result
€-400k€-200k€0€200kOperating result 2015: €35k€35kNet result 2015: €19k€19kOperating result 2016: €202k€202kNet result 2016: €130k€130kOperating result 2017: €-237k€-237kNet result 2017: €-262k€-262kOperating result 2018: €-68k€-68kNet result 2018: €-82k€-82k2015201620172018€-400k€-200k€0€200kOperating result 2016: €202k€202kNet result 2016: €130k€130kOperating result 2017: €-237k€-237kNet result 2017: €-262k€-262kOperating result 2018: €-68k€-68kNet result 2018: €-82k€-82k201620172018
The operating result stays negative: a loss of €68k in 2018 against €237k in 2017; the loss shrinks.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €1.80M
Fixed assets €1.79M ▼ 2.9%
Current assets €5k ▼ 91.2%
Equity and liabilities €1.80M
Equity €1.37M ▼ 5.6%
Provisions €98k =
Debt €325k ▼ 7.8%
Debt's share of the balance-sheet total falls from 18.5% to 18.1%. Equity and debt are lower.
Key figures and ratios
2018 value · change against 2017
EBITDA
€-15k
2017 · €-195k
Cash flow
€-28k
2017 · €-220k
Current ratio
0.03
2017 · 0.60
Debt to equity
0.11
2017 · 0.17
ROE
-6.0%
2017 · -18.0%
ROA
-4.6%
2017 · -13.7%
Interest coverage
-1.11
2017 · -7.20
Debt ≤ 1 year
€169k
2017 · €101k
Debt > 1 year
€156k
2017 · €251k
Income taxes
€51
2017 · €-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 · 2018 against 2017 · 26 lines
Balance sheet Code20172018
Assets
Total assets20/58€1.91M€1.80M
Fixed assets21/28€1.85M€1.79M
Tangible fixed assets22/27€1.85M€1.79M
Current assets29/58€61k€5k
Amounts receivable within one year40/41€7k€5k
Cash at bank and in hand54/58€54k-
Equity and liabilities
Total equity and liabilities10/49€1.91M€1.80M
Equity10/15€1.46M€1.37M
Contributions10/11€486k€486k=
Reserves13€238k€238k=
Profit (loss) carried forward14€733k€651k
Provisions and deferred taxes16€98k€98k=
Amounts payable17/49€352k€325k
Amounts payable after more than one year17€251k€156k
Amounts payable within one year42/48€101k€169k
Trade debts44€7k€223
Income statement Code20172018
Turnover70€910k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€54k
Operating profit (loss)9901€-237k€-68k
Recurring financial income75€3k€10
Recurring financial charges65€29k€14k
Debt charges650€27k€13k
Profit (loss) for the period before taxes9903€-263k€-82k
Income taxes67/77€-1k€51
Profit (loss) for the period9904€-262k€-82k
Profit (loss) for the period to be appropriated9905€-218k€-82k

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Timeline · acts, filings and financial milestones

2018
24-09
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2017
19-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema
15-09
State Gazette act Merger · Accounting effect
Power of attorney
31-03
Financial Weakest financial yearnet €-262k ▼301%
Net result drops to €-262k, the lowest in the series.
2016
04-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
31-01
Financial Highest result since 2015net €130k ▲576%
Operating result €202k, net result €130k, both a record.
2015
28-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
07-07
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
03-07
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
03-07
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
2011
05-07
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
2010
05-07
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema
2009
08-07
NBB filing Annual accounts filed
fiscal year 2009 · 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 transaction
Taken over by:COLIM
BE 0400.374.725proposal · State Gazette act of 15-09-2017