CREDIBE
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2017.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 16-05-2018, 76 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2017, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€383k▲ 44.6%
2016 · €265k
2013: €919k
2014: €372k
2015: €340k
2016: €265k
2013 → 2017
Working capital
€42.90M▼ 19.1%
2016 · €53.05M
2013: €55.17M
2014: €54.40M
2015: €53.55M
2016: €53.05M
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Equity€60.52M-€59.91M▼ 1.0%€59.26M▼ 1.1%€58.54M▼ 1.2%€48.93M▼ 16.4%
Operating result€-246k-€-261k▼ 6.0%€-42k▲ 84.1%€3k€166k▲ 5,793%
Net result€919k-€372k▼ 59.5%€340k▼ 8.6%€265k▼ 22.2%€383k▲ 44.6%
Result per fiscal year
Operating resultNet result
After the dip in 2014 the operating result has climbed three years in a row; 2017 is 5,793% above 2016 and is the highest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €61.46M
Fixed assets
€8.37M▼ 3.8%
Current assets
€53.09M▼ 2.2%
Equity and liabilities €61.46M
Equity
€48.93M▼ 16.4%
Provisions
€2.33M▼ 27.4%
Debt
€10.20M▲ 732%
The debt ratio rises from 1.9% to 16.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€626k▲
2016 · €463k
Cash flow
€843k▲
2016 · €725k
Solvency
79.6%▼
2016 · 93.0%
Current ratio
5.21▼
2016 · 44.31
Quick ratio
5.21▼
2016 · 44.31
ROE
0.8%▲
2016 · 0.5%
ROA
0.6%▲
2016 · 0.4%
Interest coverage
209.80▲
2016 · 151.07
Debt
€10.20M▲
2016 · €1.23M
Debt ≤ 1 year
€10.20M▲
2016 · €1.22M
Income taxes
€408▼
2016 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2017 against 2016
Balance sheet
Code20162017
Assets
Total assets20/58€62.97M€61.46M▼
Fixed assets21/28€8.70M€8.37M▼
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€6.74M€6.41M▼
Financial fixed assets28€1.95M€1.95M=
Current assets29/58€54.27M€53.09M▼
Amounts receivable within one year40/41€102k€109k▲
Current investments50/53€52.88M€52.63M▼
Cash at bank and in hand54/58€327k€221k▼
Equity and liabilities
Total equity and liabilities10/49€62.97M€61.46M▼
Equity10/15€58.54M€48.93M▼
Contributions10/11€816k€816k=
Reserves13€82k€82k=
Profit (loss) carried forward14€57.30M€47.68M▼
Provisions and deferred taxes16€3.20M€2.33M▼
Amounts payable17/49€1.23M€10.20M▲
Amounts payable within one year42/48€1.22M€10.20M▲
Trade debts44€163k€151k▼
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€460k€460k=
Operating profit (loss)9901€3k€166k▲
Recurring financial income75€280k€225k▼
Recurring financial charges65€20k€8k▼
Debt charges650€3k€3k▼
Profit (loss) for the period before taxes9903€276k€383k▲
Income taxes67/77€11k€408▼
Profit (loss) for the period9904€265k€383k▲
Profit (loss) for the period to be appropriated9905€265k€383k▲
Appropriation of the result
Return on contributions (dividend)694€1.00M€10.00M▲
Timeline · acts, filings and financial milestones
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
04-05
State Gazette act
Merger · Accounting effect
Real estate · Corporate purpose
04-05
State Gazette act
Merger · Accounting effect
Corporate purpose
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-12
Financial
Weakest financial yearnet €265k ▼22.2%
Net result drops to €265k, the lowest in the series.
19-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
19-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
10-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
08-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
08-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
09-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
04-06
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:FEDERALE PARTICIPATIE-EN INVESTERINGSMAATSCHAPPIJ