DGSX BELGIUM
InactiveInactive; last annual accounts for fiscal year 2017.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-01-2017. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-01-2018 close31-08-2018 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2017 was due by 31-08-2017 and was filed on 10-07-2017, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, full schema
Turnover
€617k▼ 11.6%
2016 · €698k
2013: €1.17M
2014: €867k
2015: €661k
2016: €698k
2013 → 2017
EBIT margin
194.8%▲ 160.4pp
2016 · 34.5%
2013: 57.0%
2014: 25.9%
2015: 17.5%
2016: 34.5%
2013 → 2017
Net result
€1.12M▲ 1,116%
2016 · €92k
2013: €-854k
2014: €-16.37M
2015: €-700k
2016: €92k
2013 → 2017
Working capital
€149k▼ 11.0%
2016 · €167k
2013: €-34.87M
2014: €758k
2015: €-6.83M
2016: €167k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Turnover€1.17M-€867k▼ 26.2%€661k▼ 23.8%€698k▲ 5.7%€617k▼ 11.6%
Equity€-6.11M-€-11.47M▼ 87.9%€-12.17M▼ 6.1%€6.92M€8.05M▲ 16.2%
Operating result€669k-€224k▼ 66.5%€116k▼ 48.3%€241k▲ 108%€1.20M▲ 400%
Net result€-854k-€-16.37M▼ 1,817%€-700k▲ 95.7%€92k€1.12M▲ 1,116%
Result per fiscal year
Operating resultNet result
After the dip in 2015 the operating result has climbed two years in a row; 2017 is 400% above 2016 and is the highest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €14.29M
Fixed assets
€14.01M ▼ 0.1%
Current assets
€278k ▼ 14.2%
Equity and liabilities €14.29M
Equity
€8.05M ▲ 16.2%
Debt
€6.24M ▼ 15.9%
Debt's share of the balance-sheet total falls from 51.8% to 43.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.21M▲
2016 · €291k
Cash flow
€1.13M▲
2016 · €142k
Current ratio
2.15▲
2016 · 2.06
Debt to equity
0.76▼
2016 · 1.05
ROE
14.0%▲
2016 · 1.3%
ROA
7.9%▲
2016 · 0.6%
Interest coverage
15.23▲
2016 · 1.80
Debt ≤ 1 year
€129k▼
2016 · €157k
Debt > 1 year
€6.11M▼
2016 · €7.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2017 against 2016 · 26 lines
Balance sheet
Code20162017
Assets
Total assets20/58€14.34M€14.29M▼
Fixed assets21/28€14.02M€14.01M▼
Intangible fixed assets21€8k€0▼
Financial fixed assets28€14.01M€14.01M=
Current assets29/58€324k€278k▼
Amounts receivable within one year40/41€136k€147k▲
Cash at bank and in hand54/58€188k€132k▼
Equity and liabilities
Total equity and liabilities10/49€14.34M€14.29M▼
Equity10/15€6.92M€8.05M▲
Contributions10/11€30.02M€30.02M=
Reserves13€40k€40k=
Profit (loss) carried forward14€-23.14M€-22.01M▲
Amounts payable17/49€7.42M€6.24M▼
Amounts payable after more than one year17€7.27M€6.11M▼
Amounts payable within one year42/48€157k€129k▼
Trade debts44€130k€120k▼
Income statement
Code20162017
Turnover70€698k€617k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€8k▼
Operating profit (loss)9901€241k€1.20M▲
Recurring financial income75€41k€3k▼
Recurring financial charges65€190k€81k▼
Debt charges650€161k€80k▼
Profit (loss) for the period before taxes9903€91k€1.12M▲
Income taxes67/77€-1k-
Profit (loss) for the period9904€92k€1.12M▲
Profit (loss) for the period to be appropriated9905€92k€1.12M▲
Timeline · acts, filings and financial milestones
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
19-06
State Gazette act
Board meeting · Merger
Accounting effect · Share exchange
31-01
Financial
Highest result since 2013net €1.12M ▲1116%
Operating result €1.20M, net result €1.12M, both a record.
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
31-01
Financial
Back to profitnet €92k
Net result €92k after 3 loss-making years.
31-01
Financial
Liquidity times 53current ratio 2.06
Current ratio from 0.04 to 2.06; short-term debt falls from €7.10M to €157k.
31-01
Financial
Equity above €5MEq €6.92M
Equity rises from €-12.17M to €6.92M.
2015
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
31-01
Financial
Weakest financial yearnet €-16.37M
Net result drops to €-16.37M, the lowest in the series.
31-01
Financial
Liquidity times 5current ratio 1.11
Current ratio from 0.21 to 1.11; short-term debt falls from €44.34M to €7.10M.
2013
18-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Show earlier events
2012
19-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2011
20-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2010
22-12
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 113 days late
25-02
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 178 days late
2008
02-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated 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:Descartes Systems (Belgium)