DERIVE
Open bankruptcyFinancials · financial year 2019, full format
2019 annual accounts filed 125 days after the deadline Filed on 3 December 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-74400519.
Annual accounts 2019 filed on 03-12-2020 PDF all 42 filings
Turnover
≈ €2.4m
Estimated: probably between €1.3m and €3.7m
EBIT margin
Not included in this filing
Net result
€14,024
2018 · -€5,841
Working capital
€11,642
2018 · -€2,674
Multi-year overview
2018 to 2019, 2 financial yearsOperating result
€20,760
▲ 160×
2019
20182019
Net result
€14,024
2019
20182019
Equity
€12,442
2019
20182019
Total assets
€503,118
▲ 13.4%
2019
20182019
Debt
€490,676
▲ 10.2%
2019
20182019
Working capital
€11,642
2019
20182019
Staff (FTE)
8.3
▼ 7.8%
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result€130-€20,760▲ 160×
Net result-€5,841-€14,024
Equity-€1,582-€12,442
Total assets€443,581-€503,118▲ 13.4%
Debt€445,163-€490,676▲ 10.2%
Working capital-€2,674-€11,642
Staff (FTE)9-8.3▼ 7.8%
The operating result for 2019 is 160 times that of 2018.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €503,118
Fixed assets
€800 ▼ 26.7%
Current assets
€502,318 ▲ 13.5%
Equity and liabilities €503,118
Equity
€12,442
Debt
€490,676
Debt's share of the balance-sheet total is 97.5%.
Key figures and ratios
EBITDA
€21,052▲
2018 · €422
Cash flow
€14,316▲
2018 · -€5,549
Current ratio
1.02▲
2018 · 0.99
Quick ratio
0.25▼
2018 · 0.28
ROE
112.7%
ROA
2.8%▲
2018 · -1.3%
Debt ≤ 1 year
€490,676▲
2018 · €445,163
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €292 | €292 | = |
| Gross operating margin9900 | €342,074 | €350,752 | ▲ 2.5% |
| Operating profit (loss)9901 | €130 | €20,760 | ▲ 160× |
| Recurring financial income75 | €2,684 | €2,244 | ▼ 16.4% |
| Recurring financial charges65 | €8,655 | €8,980 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | -€5,841 | €14,024 | - |
| Profit (loss) for the period9904 | -€5,841 | €14,024 | - |
| Profit (loss) for the period to be appropriated9905 | -€5,841 | €14,024 | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €443,581 | €503,118 | ▲ 13.4% |
| Fixed assets21/28 | €1,092 | €800 | ▼ 26.7% |
| Tangible fixed assets22/27 | €1,092 | €800 | ▼ 26.7% |
| Current assets29/58 | €442,489 | €502,318 | ▲ 13.5% |
| Stocks and contracts in progress3 | €316,386 | €378,858 | ▲ 19.7% |
| Amounts receivable within one year40/41 | €69,397 | €70,543 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €56,456 | €49,259 | ▼ 12.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €443,581 | €503,118 | ▲ 13.4% |
| Equity10/15 | -€1,582 | €12,442 | - |
| Contributions10/11 | €20,525 | €20,525 | = |
| Reserves13 | €2,066 | €2,066 | = |
| Profit (loss) carried forward14 | -€24,173 | -€10,149 | ▲ 58.0% |
| Amounts payable17/49 | €445,163 | €490,676 | ▲ 10.2% |
| Amounts payable within one year42/48 | €445,163 | €490,676 | ▲ 10.2% |
| Trade debts44 | €226,954 | €309,492 | ▲ 36.4% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€5,841 | €14,024 | - |
| + Depreciation and write-downs630 | €292 | €292 | = |
| Operating cash flow (approximation) | -€5,549 | €14,316 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€7,197 | - |
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 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | full format | 03-12-2020 | 2020-74400519 | |
| 31-12-2018 | full format | 10-10-2019 | 2019-69600443 | |
| 31-12-2017 | full format | 14-08-2018 | 2018-45600115 | |
| 31-12-2016 | full format | 05-09-2017 | 2017-60000114 | |
| 31-12-2015 | full format | 05-08-2016 | 2016-40500488 | |
| 31-12-2014 | full format | 03-07-2015 | 2015-27000576 | |
| 31-12-2013 | full format | 08-07-2014 | 2014-29200122 | |
| 31-12-2012 | full format | 08-08-2013 | 2013-41200133 | |
| 31-12-2011 | full format | 05-09-2012 | 2012-55800130 | |
| 31-12-2010 | full format | 28-09-2011 | 2011-55800482 |