DEVIS

Inactive KBO/BCE: BE 0473.942.295 subsidiary of SPIE Operations SAS

DEVIS

Financial year 2016

Follow Report

Annual accounts 2016

full format, filed on 09-06-2017, 52 days before the deadline

Turnover

€47.0m

▲ 22.6%

Operating result

€2.2m

▲ 35.8%

EBITDA

€2.3m

▲ 37.9%

Cash flow

€1.5m

▲ 41.9%

Solvency

20.6%

▲ 4.3 percentage points

Current ratio

1.24

▲ 0.11

Money flows

of every €100 of turnover, €3.04 remains as profit in 2016

Balance sheet

balance sheet total €22.9m on 31-12-2016

What the company ownsHow it is paid for

Change in equityin €m

Change in cashin €m

Staff

Men and women8% women

147.3 men and 13.6 women in full-time equivalents in 2016.

Staff cost per FTE€57,224

Men €56,845, women €61,327 per full-time equivalent. Jobs differ, so this is not a pay gap.

Joined and left+39

Training hours in 2016: 3,604. Agency workers: 2.6 on average.

Filed annual accounts

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

Line	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	22.9m	20.2m	17.0m	21.6m	15.5m	14.9m	15.2m	13.4m	13.6m	9.7m
Fixed assets`21/28`	810,794	1.5m	203,584	123,628	101,697	123,819	145,850	245,897	194,959	228,274
Intangible fixed assets`21`	540,653	-	-	-	80,465	101,950	123,435	144,919	166,404	187,889
Tangible fixed assets`22/27`	268,618	163,038	203,314	104,725	2,329	2,951	3,572	4,194	4,816	5,438
Plant, machinery and equipment`23`	69,721	-	-	-	-	-	-	-	-	-
Furniture and vehicles`24`	30,394	1,581	-	-	-	-	-	-	-	-
Other tangible fixed assets`26`	128,719	110,799	119,668	104,725	2,329	2,951	3,572	4,194	4,816	5,438
Assets under construction and advance payments`27`	10,984	1,555	-	-	-	-	-	-	-	-
Financial fixed assets`28`	1,524	1.3m	270	18,904	18,904	18,919	18,844	96,784	23,739	34,947
Affiliated companies`280/1`	-	1.3m	-	18,634	18,634	18,634	18,634	96,634	23,634	34,842
Participating interests`280`	-	1.3m	-	-	-	-	-	-	-	-
Amounts receivable`281`	-	-	-	18,634	18,634	18,634	18,634	96,634	23,634	34,842
Other financial fixed assets`284/8`	1,524	270	270	270	270	285	210	150	105	105
Amounts receivable and cash guarantees`285/8`	1,524	270	270	270	270	285	210	150	105	105
Current assets`29/58`	22.1m	18.8m	16.8m	21.4m	15.4m	14.8m	15.1m	13.2m	13.4m	9.5m
Stocks and contracts in progress`3`	163,913	-	3,994	2.3m	2.9m	4.2m	2.3m	1.3m	911,500	477,668
Stocks`30/36`	43,702	-	-	-	35,000	35,000	35,000	35,000	35,000	35,000
Raw materials and consumables`30/31`	43,702	-	-	-	-	-	-	-	-	-
Goods purchased for resale`34`	-	-	-	-	35,000	35,000	35,000	35,000	35,000	35,000
Contracts in progress`37`	120,210	-	3,994	2.3m	2.8m	4.2m	2.2m	1.2m	876,500	442,668
Amounts receivable within one year`40/41`	11.2m	12.5m	9.5m	13.3m	9.0m	8.0m	10.4m	9.5m	9.5m	7.4m
Trade receivables`40`	10.7m	12.0m	9.3m	12.9m	8.8m	7.7m	9.9m	9.2m	8.9m	6.9m
Other amounts receivable`41`	536,892	513,205	192,868	424,921	207,743	346,174	425,459	281,665	590,241	465,565
Current investments`50/53`	-	-	-	-	50	1.5m	-	-	-	-
Other investments`51/53`	-	-	-	-	50	1.5m	-	-	-	-
Cash at bank and in hand`54/58`	10.8m	6.2m	7.3m	5.8m	3.5m	1.1m	2.3m	2.3m	3.0m	1.6m
Deferred charges and accrued income`490/1`	19,625	-	9,031	19,862	42,134	55,119	109,682	133,928	47,146	56,841
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	22.9m	20.2m	17.0m	21.6m	15.5m	14.9m	15.2m	13.4m	13.6m	9.7m
Equity`10/15`	4.7m	3.3m	3.2m	2.7m	4.3m	4.6m	4.7m	4.1m	3.1m	2.3m
Contributions`10/11`	2.9m	2.9m	2.9m	2.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m
Issued capital`100`	2.9m	2.9m	2.9m	2.9m	1.9m	1.9m	1.9m	1.9m	1.9m	1.9m
Reserves`13`	292,247	268,801	217,368	187,247	2.4m	2.7m	2.8m	2.2m	1.3m	443,733
Legal reserve`130`	291,200	267,754	216,321	186,200	186,200	186,200	186,200	186,200	186,200	186,200
Distributable reserves`133`	1,047	1,047	1,047	1,047	2.2m	2.5m	2.6m	2.0m	1.1m	257,533
Profit (loss) carried forward`14`	1.5m	126,656	49,434	-422,865	-	-	-	-	-	-
Provisions and deferred taxes`16`	384,000	241,000	457,041	265,000	100,000	100,000	100,000	100,000	72,111	-
Provisions for liabilities and charges`160/5`	384,000	241,000	457,041	265,000	100,000	100,000	100,000	100,000	72,111	-
Other liabilities and charges`164/5`	384,000	241,000	457,041	265,000	100,000	100,000	100,000	100,000	72,111	-
Amounts payable`17/49`	17.8m	16.7m	13.4m	18.6m	11.1m	10.2m	10.4m	9.3m	10.4m	7.4m
Amounts payable after more than one year`17`	10,453	26,569	45,918	-	10,945	3,761	-	12,100	12,100	79,493
Financial debts`170/4`	10,453	26,569	45,918	-	10,945	3,761	-	12,100	12,100	79,493
Leasing and similar obligations`172`	10,453	26,569	45,918	-	-	-	-	-	-	-
Other loans`174`	-	-	-	-	10,945	3,761	-	12,100	12,100	79,493
Amounts payable within one year`42/48`	17.8m	16.5m	13.0m	18.2m	11.0m	10.0m	10.1m	8.7m	10.0m	7.2m
Current portion of amounts payable after more than one year`42`	16,116	19,349	37,728	-	-	-	-	-	-	-
Financial debts`43`	-	-	-	2,204	-	-	-	19,511	-	-
Credit institutions`430/8`	-	-	-	2,204	-	-	-	19,511	-	-
Trade debts`44`	10.2m	9.2m	7.6m	15.2m	10.4m	8.7m	8.9m	8.3m	8.9m	6.5m
Suppliers`440/4`	10.2m	9.2m	7.6m	15.2m	10.4m	8.7m	8.9m	8.3m	8.9m	6.5m
Advances received on contracts in progress`46`	5.6m	5.1m	4.3m	2.5m	10,000	236,720	318,000	65,644	453,848	102,000
Taxes, remuneration and social security`45`	2.0m	1.3m	835,798	476,120	578,314	509,967	479,625	362,018	369,561	387,652
Taxes`450/3`	540,961	351,714	51,485	88,517	176,775	123,280	64,770	28,270	30,555	19,840
Remuneration and social security`454/9`	1.4m	942,957	784,314	387,603	401,540	386,687	414,855	333,747	339,006	367,812
Other amounts payable`47/48`	40,309	940,309	140,309	40,309	42,071	501,250	400,000	-	232,000	250,000
Accrued charges and deferred income`492/3`	36,993	141,000	330,851	363,960	90,669	235,728	338,700	544,194	427,572	113,810
Income statement
Operating income`70/76A`	48.7m	40.3m	34.0m	42.7m	39.3m	40.4m	35.4m	37.1m	40.8m	28.5m
Turnover`70`	47.0m	38.3m	36.0m	43.0m	40.3m	38.2m	34.0m	36.6m	40.3m	28.3m
Change in stocks of work in progress, finished goods and contracts in progress`71`	120,210	-3,994	-2.3m	-488,375	-1.3m	1.9m	991,479	356,701	433,832	-17,146
Non-recurring operating income`76A`	-	-	2,667	1,220	4,292	5,480	17,938	298	1,105	-
Operating charges`60/66A`	46.4m	38.7m	33.2m	43.1m	38.5m	39.6m	33.9m	35.8m	39.2m	27.8m
Goods for resale, raw materials and consumables`60`	31.9m	27.3m	22.8m	32.7m	29.1m	30.0m	24.5m	26.4m	29.1m	18.6m
Purchases`600/8`	31.9m	27.3m	22.8m	32.7m	29.1m	30.0m	24.5m	26.4m	29.1m	18.6m
Change in stocks: decrease (increase)`609`	-5,442	-	-	35,000	-	-	-	-	-	-
Services and other goods`61`	5.1m	4.7m	2.6m	2.7m	2.6m	2.6m	2.6m	2.7m	3.1m	2.6m
Remuneration, social security and pensions`62`	9.2m	7.0m	7.1m	7.1m	6.8m	6.7m	6.8m	6.6m	6.8m	6.5m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	104,036	50,217	77,036	85,729	22,107	22,107	22,107	22,107	22,107	22,107
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-186,702	-182,450	369,843	369,114	-168,312	191,190	-48,000	14,000	45,000	70,000
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	108,000	-216,041	192,041	165,000	-	-	-	27,889	72,111	-
Other operating charges`640/8`	176,103	31,034	34,482	20,136	225,213	22,100	19,683	14,446	9,358	10,234
Operating profit (loss)`9901`	2.2m	1.6m	794,361	-433,987	768,371	821,657	1.4m	1.3m	1.6m	711,991
Financial income`75/76B`	16,698	1,683	15,190	26,449	26,001	59,587	46,359	65,369	69,956	18,655
Recurring financial income`75`	16,698	1,683	15,190	26,449	26,001	59,587	46,359	65,369	69,956	18,655
Income from financial fixed assets`750`	-	-	-	-	182	928	3,984	1,145	-	-
Income from current assets`751`	-	747	623	11,253	11,009	37,818	30,524	58,428	54,375	18,609
Other financial income`752/9`	16,698	936	14,567	15,196	14,810	20,841	11,850	5,797	15,581	45
Financial charges`65/66B`	42,083	34,870	21,989	17,756	18,818	26,945	20,046	17,508	47,196	34,569
Recurring financial charges`65`	42,083	34,870	21,989	17,756	18,818	26,945	20,046	17,508	47,196	34,569
Debt charges`650`	6,490	3,243	5	7,644	14,695	22,898	15,777	13,962	19,486	29,429
Other financial charges`652/9`	35,593	31,627	21,983	10,111	4,123	4,048	4,269	3,546	27,710	5,140
Profit (loss) for the period before taxes`9903`	2.2m	1.6m	790,229	-424,073	779,846	859,779	1.5m	1.4m	1.6m	696,077
Income taxes`67/77`	785,675	585,703	187,808	-1,208	292,325	281,583	486,803	432,671	396,692	146,338
Taxes`670/3`	815,000	585,703	187,995	2,309	295,257	281,592	486,803	432,671	404,866	150,338
Tax adjustments and reversals of tax provisions`77`	29,325	-	187	3,516	2,931	9	-	-	8,174	4,000
Profit (loss) for the period`9904`	1.4m	1.0m	602,420	-422,865	487,521	578,197	998,885	923,282	1.2m	549,739
Profit (loss) for the period to be appropriated`9905`	1.4m	1.0m	602,420	-422,865	487,521	578,197	998,885	923,282	1.2m	549,739
Appropriation of the result
Profit (loss) to be appropriated`9906`	1.6m	1.1m	179,555	-422,865	487,521	578,197	998,885	923,282	1.2m	549,739
Transfer from equity`791/2`	-	-	-	2.2m	800,000	152,500	400,000	-	-	-
From reserves`792`	-	-	-	2.2m	800,000	152,500	400,000	-	-	-
Transfer to equity`691/2`	23,446	51,433	30,121	-	487,521	78,197	998,885	923,282	828,130	299,739
To the legal reserve`6920`	23,446	51,433	30,121	-	-	-	-	-	-	42,205
To other reserves`6921`	-	-	-	-	487,521	78,197	998,885	923,282	828,130	257,533
Profit to be distributed`694/7`	-	900,000	100,000	2.2m	800,000	652,500	400,000	-	400,000	250,000
Return on contributions (dividend)`694`	-	900,000	100,000	2.2m	800,000	652,500	400,000	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	400,000	250,000
Social balance sheet
Average staff (FTE)`9087`	160.9	124.1	124.5	131.5	130.3	132.6	140	134.6	141.8	140.2
Men (FTE)`1003`	147.3	113.9	115.1	122	121	-	-	-	-	-
Women (FTE)`1003`	13.6	10.2	9.4	9.5	9.3	-	-	-	-	-
Agency workers`1501`	2.6	1.1	0.7	0.2	0.6	0.8	0.3	0.3	1.5	0.8
Hours worked`1013`	258,967	199,212	194,326	205,562	204,440	209,981	218,816	217,978	230,552	222,412
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 6 older financial years (2001-2006) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2016 (PDF), filed on 09-06-2017.

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
31-12-2016	full format	09-06-2017	2017-16500407	PDF
31-12-2015	full format	21-06-2016	2016-20600354	PDF
31-12-2014	full format	29-07-2015	2015-38700309	PDF
31-12-2013	full format	10-07-2014	2014-29200408	PDF
31-12-2012	full format	08-04-2013	2013-08500430	PDF
31-12-2011	full format	30-03-2012	2012-08000164	PDF
31-12-2010	full format	05-04-2011	2011-07900171	PDF
31-12-2009	full format	20-04-2010	2010-09500155	PDF
31-12-2008	full format	23-04-2009	2009-11700171	PDF
31-12-2007	full format	25-04-2008	2008-11800189	PDF
31-12-2006	full format	30-03-2007	2007-11200905	PDF
31-12-2005	full format	06-04-2006	2006-10600196	PDF
31-12-2004	full format	21-04-2005	2005-12502453	PDF
31-12-2003	full format	18-06-2004	2004-27504444	PDF
31-12-2002	full format	19-06-2003	2003-26604687	PDF
31-12-2001	full format	19-07-2002	2002-40103544	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	2.3m	1.7m	871,397	-348,258	790,477	843,763	1.5m	1.3m	1.6m	734,098
Cash flow	1.5m	1.1m	679,456	-337,136	509,627	600,303	1.0m	945,388	1.3m	571,845
Investment in fixed assets (approximation)	1.2m	1.3m	175,625	107,660	-15	75	-77,940	73,045	-11,209	-
Change in cash	4.5m	-1.1m	1.5m	2.3m	2.4m	-1.2m	242	-634,804	1.4m	-
Working capital	4.4m	2.2m	3.8m	3.2m	4.4m	4.8m	4.9m	4.5m	3.5m	2.3m
EBIT margin	4.8%	4.3%	2.2%	-1.0%	1.9%	2.1%	4.2%	3.6%	4.0%	2.5%
Solvency	20.6%	16.3%	18.7%	12.4%	27.6%	30.7%	30.6%	30.2%	23.0%	23.8%
Current ratio	1.24	1.13	1.29	1.17	1.40	1.48	1.49	1.51	1.35	1.32
Quick ratio	1.24	1.13	1.29	1.05	1.14	1.06	1.27	1.37	1.26	1.25
Debt to equity	3.76	5.05	4.20	6.95	2.60	2.23	2.24	2.28	3.32	3.21
ROE	30.1%	31.1%	19.0%	-15.8%	11.4%	12.6%	21.5%	22.8%	39.2%	23.8%
ROA	6.2%	5.1%	3.5%	-2.0%	3.1%	3.9%	6.6%	6.9%	9.0%	5.7%
Interest coverage	over 100	over 100	over 100	-45.56	53.79	36.85	92.77	95.25	83.29	24.94
Customer credit	83 days	114 days	94 days	109 days	79 days	73 days	107 days	92 days	81 days	89 days
Supplier credit	100 days	105 days	110 days	157 days	120 days	98 days	120 days	104 days	101 days	111 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 DEVIS

The operating result for 2016 is 36% higher than in 2015 and the highest since 2007. It is the third rise in a row, after the fall in 2013.

Debt's share of the balance-sheet total falls from 82.5% to 77.7%. Equity and debt are higher.