CODEPAR

Inactive

KBO/BCE: BE 0894.576.758

Inactive; last annual accounts for financial year 2017.

CODEPARInactive

Report

Financials · financial year 2017, full format

2017 annual accounts filed late (17 days) Filed on 17 August 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-47800357.

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€2.0m▲ 64×

2016 · €32,048

Working capital

€2.3m▲ 11×

2016 · €206,683

Trend over the years

Last 5 years All years

2013 to 2017, 5 financial years 2013 to 2017, 5 financial years

The operating result falls in 2017; 2017 is 44% below 2016 and is the lowest result in the available series.

Turnover and resultEquity and debtWorking capital

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

Operating result€0.03m 2017 Net result€2.0m 2017

Every figure with its change against the financial year before

favourable unfavourable

Line20132014201520162017

Operating result€0.06m-€0.06m▼ 10.8%€0.06m▼ 0.1%€0.06m▲ 3.9%€0.03m▼ 44.5%

Net result€0.04m-€0.03m▼ 29.0%€0.03m▲ 1.4%€0.03m▲ 3.5%€2.0m▲ 64×

Equity€0.5m-€0.5m▲ 5.9%€0.6m▲ 5.6%€0.6m▲ 5.5%€2.7m▲ 334%

Total assets€1.2m-€1.2m▼ 0.4%€1.2m=€1.2m▲ 2.5%€3.0m▲ 156%

Debt€0.6m-€0.6m▼ 5.4%€0.6m▼ 5.1%€0.6m▼ 0.5%€0.4m▼ 33.9%

Working capital€0.1m-€0.2m▲ 15.1%€0.2m▲ 25.6%€0.2m▲ 3.5%€2.3m▲ 11×

Balance-sheet composition

2017 in colour, 2016 as the grey bar beneath

Assets €3.0m

22.6%

77.4%

Fixed assets €686,746 ▼ 8.3%

Current assets €2.3m ▲ 435%

Equity and liabilities €3.0m

87.5%

12.5%

Equity €2.7m ▲ 334%

Debt €380,694 ▼ 33.9%

Debt's share of the balance-sheet total falls from 48.5% to 12.5%. Equity is higher and debt is lower.

Key figures and ratios

2017 value · change against 2016

Current ratio

41.80▲

2016 · 1.89

Debt to equity

0.12▼

2016 · 0.53

ROE

77.0%▲

2016 · 5.2%

ROA

67.3%▲

2016 · 2.7%

Debt ≤ 1 year

€56,202▼

2016 · €232,018

Debt > 1 year

€324,492=

2016 · €324,492

Income taxes

€37,431▲

2016 · €17,145

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 · 2017 against 2016 · 22 lines

Balance sheet Code20162017

Assets

Total assets20/58€1.2m€3.0m▲

Fixed assets21/28€0.7m€0.7m▼

Financial fixed assets28€0.7m€0.7m▼

Current assets29/58€0.4m€2.3m▲

Amounts receivable within one year40/41€0.4m€2.2m▲

Equity and liabilities

Total equity and liabilities10/49€1.2m€3.0m▲

Equity10/15€0.6m€2.7m▲

Contributions10/11€0.3m€0.3m=

Reserves13€0.03m€0.03m=

Profit (loss) carried forward14€0.3m€2.3m▲

Amounts payable17/49€0.6m€0.4m▼

Amounts payable after more than one year17€0.3m€0.3m=

Amounts payable within one year42/48€0.2m€0.06m▼

Trade debts44€0.003m€0.002m▼

Income statement Code20162017

Operating profit (loss)9901€0.06m€0.03m▼

Recurring financial income75-€1.6m

Recurring financial charges65€0.01m€0.01m▲

Debt charges650€0.01m€0.01m▲

Profit (loss) for the period before taxes9903€0.05m€2.1m▲

Income taxes67/77€0.02m€0.04m▲

Profit (loss) for the period9904€0.03m€2.0m▲

Profit (loss) for the period to be appropriated9905€0.03m€2.0m▲

Line	2013	2014	2015	2016	2017	Change
Operating profit (loss)9901	€0.06m	€0.06m	€0.06m	€0.06m	€0.03m	▼ 44.5%
Recurring financial income75	-	-	-	-	€1.6m	-
Recurring financial charges65	€0.01m	€0.01m	€0.01m	€0.01m	€0.01m	▲ 2.2%
Debt charges650	€0.01m	€0.01m	€0.01m	€0.01m	€0.01m	▲ 3.4%
Profit (loss) for the period before taxes9903	€0.05m	€0.05m	€0.05m	€0.05m	€2.1m	▲ 42×
Income taxes67/77	€0.01m	€0.02m	€0.02m	€0.02m	€0.04m	▲ 118%
Profit (loss) for the period9904	€0.04m	€0.03m	€0.03m	€0.03m	€2.0m	▲ 64×
Profit (loss) for the period to be appropriated9905	€0.04m	€0.03m	€0.03m	€0.03m	€2.0m	▲ 64×

Line	2013	2014	2015	2016	2017	Change
Assets
Total assets20/58	€1.2m	€1.2m	€1.2m	€1.2m	€3.0m	▲ 156%
Fixed assets21/28	€0.7m	€0.7m	€0.7m	€0.7m	€0.7m	▼ 8.3%
Financial fixed assets28	€0.7m	€0.7m	€0.7m	€0.7m	€0.7m	▼ 8.3%
Current assets29/58	€0.4m	€0.4m	€0.4m	€0.4m	€2.3m	▲ 435%
Amounts receivable within one year40/41	€0.4m	€0.4m	€0.4m	€0.4m	€2.2m	▲ 398%
Equity and liabilities
Total equity and liabilities10/49	€1.2m	€1.2m	€1.2m	€1.2m	€3.0m	▲ 156%
Equity10/15	€0.5m	€0.5m	€0.6m	€0.6m	€2.7m	▲ 334%
Contributions10/11	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	=
Reserves13	€0.03m	€0.03m	€0.03m	€0.03m	€0.03m	=
Profit (loss) carried forward14	€0.2m	€0.2m	€0.2m	€0.3m	€2.3m	▲ 727%
Amounts payable17/49	€0.6m	€0.6m	€0.6m	€0.6m	€0.4m	▼ 33.9%
Amounts payable after more than one year17	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	=
Amounts payable within one year42/48	€0.3m	€0.3m	€0.2m	€0.2m	€0.06m	▼ 75.8%
Trade debts44	€0.001m	€0.003m	€0.002m	€0.003m	€0.002m	▼ 29.9%

Line	2013	2014	2015	2016	2017	Change
Profit (loss) for the period9904	€0.04m	€0.03m	€0.03m	€0.03m	€2.0m	▲ 64×
Operating cash flow (approximation)	€0.04m	€0.03m	€0.03m	€0.03m	€2.0m	▲ 64×
Investment in fixed assets (approximation)	-	€0	€0	-€0.03m	€0.06m	-

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 (10)

Financial year	Type	Filed	Reference
31-12-2017	full format	17-08-2018	2018-47800357
31-12-2016	full format	07-07-2017	2017-30000044
31-12-2015	full format	07-07-2016	2016-29600293
31-12-2014	full format	09-07-2015	2015-29500244
31-12-2013	full format	30-06-2014	2014-24500035
31-12-2012	full format	02-07-2013	2013-25600537
31-12-2011	full format	05-07-2012	2012-27000218
31-12-2010	full format	07-07-2011	2011-27500478
31-12-2009	full format	08-07-2010	2010-28900594
31-12-2008	full format	09-07-2009	2009-39400097

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