COMODULAR

Inactive KBO/BCE: BE 0466.587.123

COMODULAR

Follow Report

Overview

Lifetime

8 annual accounts with figures on one time axis, 15 filings since 2000

Gross marginpeak €414,892 (2007)

-€30,880▼ €88,815

Resultlowest -€77,031 (2014)

-€77,031▼ €103,844

Equitypeak €341,156 (2009)

€42,087▼ 64.7%

Debts

€2,500▼ 95.2%

Staffpeak 4.3 FTE (2007)

-not published

Owners2 names in the annual accounts

33.33%POWERCOM and 1 other

Documentsfilings and deeds

26-11-2014filed

2014abbreviated format

Gross margin from €57,935 to -€30,880Loss of €77,031Deed on the end 24-12Equity from €119,118 to €42,087Debts from €52,481 to €2,500Cash from €128,964 to €15,457

Key points

from the 2014 annual accounts, the last ones filed

Equity

€42,087 from €341,156 in 2009

Equity fell by 88% in 5 years.

Result

-€77,031 -€77,031

From profit to loss in 2014, after a profit of €26,813 in 2013.

Filings

15 annual accounts since 2000

Five of the last ten came late. The 2005 accounts came latest: 121 days after the end of the period.

No scoreTurnover not published (abbreviated format)

Recent changes

24-12-2014

Deed on the end the last of 2 in the Belgian Official Gazette · Gazette deed

04-08-1999

Incorporation 18 publications in the Belgian Official Gazette, the last on 24-12-2014 · Gazette deed

All 21 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 04-08-1999 · last publication under the heading End on 24-12-2014
Activity: No activity registered in the KBO
Financial year end: 31 March
Peppol: Not found in the Peppol Directory

Company details

Annual accounts to 31-03-2014

Gross margin: -€30,880
Loss: €77,031
Equity: €42,087▼ 64.7%
Total assets: €44,588▼ 74.0%
Filing: Filed on 26-11-2014

Financials

Insights on COMODULAR

Inactive. The last annual accounts are for financial year 2014.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2014

abbreviated format, filed on 26-11-2014, 26 days late

Gross margin

-€30,880

▼ €88,815

Operating result

-€37,252

▼ €86,974

EBITDA

-€31,888

▼ €87,555

Cash flow

-€71,667

▼ €104,425

Solvency

94.4%

▲ 25.0 percentage points

Current ratio

16.25

▲ 13.15

Money flows

no detail for 2014

Balance sheet

balance sheet total €44,588 on 31-03-2014

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	44,588	171,599	473,758	782,449	657,892	1.1m	720,882	669,294
Fixed assets`21/28`	3,967	9,331	15,276	21,802	11,800	5,434	8,636	7,240
Tangible fixed assets`22/27`	3,050	8,414	14,359	20,885	10,883	4,517	7,719	6,323
Plant, machinery and equipment`23`	-	2,314	5,209	8,684	10,883	4,517	7,273	5,204
Furniture and vehicles`24`	2,442	4,883	7,325	9,766	-	-	445	1,118
Other tangible fixed assets`26`	609	1,217	1,826	2,434	-	-	-	-
Financial fixed assets`28`	917	917	917	917	917	917	917	917
Current assets`29/58`	40,621	162,268	458,482	760,648	646,092	1.1m	712,246	662,055
Amounts receivable within one year`40/41`	3,459	11,115	153,745	275,288	306,278	603,658	339,132	364,466
Trade receivables`40`	-	7,482	96,671	186,559	229,129	534,655	206,759	224,043
Other amounts receivable`41`	3,459	3,634	57,074	88,729	77,149	69,004	132,373	140,423
Current investments`50/53`	21,704	21,704	104	187,688	186,080	283,641	99,500	99,500
Cash at bank and in hand`54/58`	15,457	128,964	304,633	293,122	152,514	189,891	272,155	191,151
Deferred charges and accrued income`490/1`	-	485	-	4,549	1,220	2,424	1,460	6,938
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	44,588	171,599	473,758	782,449	657,892	1.1m	720,882	669,294
Equity`10/15`	42,087	119,118	92,306	34,173	91,489	341,156	289,183	232,865
Contributions`10/11`	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000
Issued capital`100`	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000
Reserves`13`	21,087	98,118	71,306	70,489	70,489	320,156	268,183	211,865
Legal reserve`130`	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100
Distributable reserves`133`	18,987	96,018	69,206	68,389	68,389	318,056	266,083	209,765
Profit (loss) carried forward`14`	-	-	-	-57,316	-	-	-	-
Provisions and deferred taxes`16`	-	-	-	140,000	-	19,500	-	-
Provisions for liabilities and charges`160/5`	-	-	-	140,000	-	19,500	-	-
Amounts payable`17/49`	2,500	52,481	381,452	608,276	566,403	724,392	431,699	436,430
Amounts payable after more than one year`17`	-	-	111,000	300,000	-	-	-	-
Financial debts`170/4`	-	-	111,000	300,000	-	-	-	-
Amounts payable within one year`42/48`	2,500	52,481	270,452	308,276	566,403	724,392	431,699	436,430
Financial debts`43`	99	-	-	-	-	-	-	-
Credit institutions`430/8`	99	-	-	-	-	-	-	-
Trade debts`44`	2,402	37,743	258,525	292,295	193,596	340,127	376,635	388,515
Suppliers`440/4`	2,402	37,743	258,525	292,295	193,596	340,127	376,635	388,515
Advances received on contracts in progress`46`	-	1,783	-	-	-	308,618	-	6,640
Taxes, remuneration and social security`45`	-	12,954	11,927	15,982	72,807	75,647	55,063	41,274
Taxes`450/3`	-	12,954	11,927	2,592	55,667	63,370	35,879	20,700
Remuneration and social security`454/9`	-	-	-	13,389	17,140	12,277	19,184	20,574
Other amounts payable`47/48`	-	-	-	-	300,000	-	-	-
Income statement
Turnover`70`	-	202,553	595,877	1.1m	951,674	1.2m	1.3m	1.3m
Non-recurring operating income`76A`	43	-	-	-	-	17,604	-	-
Gross operating margin`9900`	-30,880	57,935	87,803	308,202	277,374	363,480	410,777	414,892
Goods, raw materials, services and sundry goods`60/61`	-	216,077	790,265	803,451	675,000	828,590	899,630	928,835
Remuneration, social security and pensions`62`	-	104	148,969	206,919	200,314	252,992	298,756	348,404
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	5,364	5,945	6,526	6,994	5,283	4,606	4,366	2,695
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-140,000	140,000	-	-	-	-
Other operating charges`640/8`	1,008	2,164	1,160	865	853	853	882	853
Non-recurring operating charges`66A`	6,750	-	791	-	-	66,210	-	-
Operating profit (loss)`9901`	-37,252	49,722	71,149	-46,576	70,926	105,030	106,773	62,940
Financial income`75/76B`	3,972	287	20,943	2,254	10,451	57,236	7,500	2,813
Recurring financial income`75`	3,972	287	20,943	2,254	10,451	57,236	7,500	2,813
Financial charges`65/66B`	37,044	10,298	21,150	12,995	4,943	33,220	24,880	11,860
Recurring financial charges`65`	37,044	10,298	21,150	12,995	4,943	33,220	24,880	11,860
Profit (loss) for the period before taxes`9903`	-77,031	39,711	70,151	-57,316	76,434	80,440	89,392	53,893
Income taxes`67/77`	-	12,898	12,019	-	26,101	28,467	33,074	38,905
Profit (loss) for the period`9904`	-77,031	26,813	58,132	-57,316	50,333	51,973	56,318	14,988
Profit (loss) for the period to be appropriated`9905`	-77,031	26,813	58,132	-57,316	50,333	51,973	56,318	14,988
Appropriation of the result
Profit (loss) to be appropriated`9906`	-77,031	26,813	816	-57,316	50,333	51,973	56,318	14,988
Transfer from equity`791/2`	77,031	-	-	-	300,000	-	-	-
Transfer to equity`691/2`	-	26,813	816	-	50,333	51,973	56,318	14,988
To other reserves`6921`	-	26,813	816	-	50,333	51,973	56,318	14,988
Profit to be distributed`694/7`	-	-	-	-	300,000	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	300,000	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	0.7	1.3	2	2	3.5	4.3
Hours worked`1013`	-	-	874	2,296	3,309	4,796	6,065	7,159
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 7 older financial years (2000-2006) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2014 (PDF), filed on 26-11-2014.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-03-2014	abbreviated format	26-11-2014	2014-67900023	PDF
31-03-2013	abbreviated format	29-10-2013	2013-64300518	PDF
31-03-2012	abbreviated format	20-09-2012	2012-56900570	PDF
31-03-2011	abbreviated format	05-09-2011	2011-53600203	PDF
31-03-2010	abbreviated format	28-09-2010	2010-55400171	PDF
31-03-2009	abbreviated format	01-10-2009	2009-79600037	PDF
31-03-2008	abbreviated format	19-11-2008	2008-81600371	PDF
31-03-2007	abbreviated format	05-11-2007	2007-79500064	PDF
31-03-2006	abbreviated format	30-11-2006	2006-89105221	PDF
31-03-2005	abbreviated format	01-03-2006	2006-06104500	PDF
31-03-2004	abbreviated format	11-03-2005	2005-07403117	PDF
31-03-2003	abbreviated format	29-10-2003	2003-76702221	PDF
31-03-2002	abbreviated format	10-03-2003	2003-06505354	PDF
31-03-2001	abbreviated format	12-11-2001	2001-69103323	PDF
31-03-2000	abbreviated format	11-01-2001	2001-01003653	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	-31,888	55,667	77,674	-39,582	76,208	109,636	111,139	65,635
Cash flow	-71,667	32,758	64,658	-50,322	55,616	56,579	60,684	17,683
Investment in fixed assets (approximation)	0	0	0	16,995	11,649	1,404	5,762	-
Change in cash	-113,507	-175,669	11,511	140,608	-37,377	-82,264	81,004	-
Working capital	38,120	109,788	188,030	452,372	79,689	355,222	280,547	225,625
EBIT margin	-	24.5%	11.9%	-4.2%	7.5%	8.8%	8.1%	4.7%
Solvency	94.4%	69.4%	19.5%	4.4%	13.9%	31.4%	40.1%	34.8%
Current ratio	16.25	3.09	1.70	2.47	1.14	1.49	1.65	1.52
Debt to equity	0.06	0.44	4.13	17.80	6.19	2.12	1.49	1.87
ROE	-183.0%	22.5%	63.0%	-167.7%	55.0%	15.2%	19.5%	6.4%
ROA	-172.8%	15.6%	12.3%	-7.3%	7.7%	4.8%	7.8%	2.2%
Customer credit	-	13 days	59 days	61 days	88 days	164 days	58 days	62 days
Supplier credit	-	64 days	119 days	133 days	105 days	150 days	153 days	153 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on COMODULAR

The operating result for 2014 is a loss of €37,252, after a profit of €49,722 in 2013. It is the lowest result since 2011.

Debt's share of the balance-sheet total falls from 30.6% to 5.6%. Equity and debt are lower.

Board & ownership

Control

Shareholder in 2014

POWERCOM

33.33%

This company

COMODULAR

Equity €42,087

Loss €77,031 in 2014

Capital

Capital: €21,000
Source: 2014 annual accounts

Owners through the years

as the annual accounts name them

Owners as a list

POWERCOM
- 2007 to 2014: 33.33%
Si - Jad Consult
- 2007 to 2014: 33.33%

Source: lists of holdings in the owners' accounts

Office holders in the KBO →

Timeline

21 events since 1999

Filings

Financial

End

200020052010201520202025

2014

24-12-2014

Deed on the end PDFthe last of 2 in the Belgian Official Gazette

26-11-2014

Annual accounts 2014 filed PDFabbreviated format · 26 days late

31-03-2014

Weakest financial year net -€77,031 The net result drops to -€77,031, the lowest from 2007 to 2014.

31-03-2014

Liquidity more than 5 times current ratio 16.25 The current ratio rises from 3.09 to 16.25. Short-term debt falls from €52,481 to €2,500.

2013

29-10-2013

Annual accounts 2013 filed PDFabbreviated format · 2 days before the deadline

2012

20-09-2012

Annual accounts 2012 filed PDFabbreviated format · 41 days before the deadline

31-03-2012

Back to profit net €58,132 The net result is €58,132, after one loss-making year.

2011

05-09-2011

Annual accounts 2011 filed PDFabbreviated format · 56 days before the deadline

31-03-2011

Liquidity more than doubled current ratio 2.47 The current ratio rises from 1.14 to 2.47. Short-term debt falls from €566,403 to €308,276.

2010

28-09-2010

Annual accounts 2010 filed PDFabbreviated format · 33 days before the deadline

2009

01-10-2009

Annual accounts 2009 filed PDFabbreviated format · 30 days before the deadline

2008

19-11-2008

Annual accounts 2008 filed PDFabbreviated format · 19 days late

2007

05-11-2007

Annual accounts 2007 filed PDFabbreviated format · 5 days late

2006

30-11-2006

Annual accounts 2006 filed PDFabbreviated format · 30 days late

01-03-2006

Annual accounts 2005 filed PDFabbreviated format · 121 days late

2005

11-03-2005

Annual accounts 2004 filed PDFabbreviated format

2003

29-10-2003

Annual accounts 2003 filed PDFabbreviated format

10-03-2003

Annual accounts 2002 filed PDFabbreviated format

2001

12-11-2001

Annual accounts 2001 filed PDFabbreviated format

11-01-2001

Annual accounts 2000 filed PDFabbreviated format

1999

04-08-1999

Incorporation 18 publications in the Belgian Official Gazette, the last on 24-12-2014

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

Company details

Inactive

COMODULAR is no longer in the KBO register.

Last annual accounts: financial year to 31 March 2014
Last registered office: De Regenboog 11, Bus 30, 2800 Mechelenas published on 24 December 2014
Legal form: Private limited company (pre-2019)
First annual accounts: financial year 2000

Official KBO record