DITECH

Inactive KBO/BCE: BE 0450.964.183

DITECH

Follow Report

Overview

Lifetime

11 annual accounts with figures on one time axis, 23 filings since 1994

Gross marginpeak €2.7m (2013)

€233,660▼ 69.6%

Resultpeak €1.7m (2013)

€65,681▼ 84.6%

Equitypeak €2.3m (2014)

€153,681▼ 79.0%

Debts

€91,319▼ 66.3%

Staffpeak 4 FTE (2006)

2 FTEunchanged

Owners2 names in the annual accounts

99.99%A & E SECURITY and 1 other

Documentsfilings and deeds

09-07-201722 days before the deadline

2016abbreviated format

Gross margin from €767,801 to €233,660Result from €425,533 to €65,681Equity from €733,552 to €153,681Debts from €270,703 to €91,319Cash from €731,500 to €48,013

Key points

from the 2016 annual accounts, the last ones filed

Equity

€153,681 from €2.3m in 2014

Equity fell by 93% in 2 years.

Result

€65,681 ▼ 84.6%

The result fell in 2016 from €425,533 to €65,681.

Filings

23 annual accounts since 1994

The last five annual accounts were filed 22 to 136 days before the end of the period.

No score

Recent changes

02-02-2018

Deed on restructuring and the end Gazette deed

27-10-1993

Incorporation 24 publications in the Belgian Official Gazette, the last on 02-02-2018 · Gazette deed

All 30 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 27-10-1993 · last publication under the heading End on 02-02-2018
Activity: No activity registered in the KBO
Financial year end: 31 December
Peppol: Not found in the Peppol Directory

Company details

Annual accounts 2016

Gross margin: €233,660▼ 69.6%
Turnover: ≈ €590,000estimated
Profit: €65,681▼ 84.6%
Equity: €153,681▼ 79.0%
Total assets: €244,999▼ 75.6%
Staff: 2 FTE=
Filing: Filed on 09-07-2017

Financials

Insights on DITECH

Inactive. The last annual accounts are for financial year 2016.

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

Financials

Annual accounts 2016

abbreviated format, filed on 09-07-2017, 22 days before the deadline

Gross margin

€233,660

▼ 69.6%

Operating result

€81,413

▼ 86.5%

Profit

€65,681

▼ 84.6%

Working capital

€135,607

▼ 80.2%

Solvency

62.7%

▼ 10.3 percentage points

Current ratio

2.48

▼ 1.05

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €590,000. Estimated: probably between €360,000 and €1.1m.

Balance sheet

balance sheet total €244,999 on 31-12-2016

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE€69,891

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	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	244,999	1.0m	2.8m	3.0m	2.8m	2.2m	1.7m	1.6m	1.8m	2.4m	1.9m
Fixed assets`21/28`	18,074	48,373	816	109,630	143,039	193,241	247,080	197,254	225,478	263,314	287,277
Intangible fixed assets`21`	4,160	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	13,854	48,179	623	109,436	142,846	193,048	246,887	197,061	225,285	263,121	287,084
Land and buildings`22`	-	-	-	108,398	126,441	147,050	167,776	190,103	215,841	242,831	273,084
Furniture and vehicles`24`	13,854	48,179	623	1,039	16,404	45,998	79,111	6,958	9,443	20,290	14,000
Financial fixed assets`28`	59	193	193	193	193	193	193	193	193	193	193
Current assets`29/58`	226,926	955,883	2.8m	2.9m	2.6m	2.0m	1.5m	1.4m	1.6m	2.1m	1.6m
Stocks and contracts in progress`3`	17,275	10,164	12,739	31,511	298,549	140,680	129,891	46,975	100,311	108,492	87,438
Stocks`30/36`	17,275	10,164	12,739	31,511	298,549	140,680	129,891	46,975	100,311	108,492	87,438
Amounts receivable within one year`40/41`	161,203	200,444	52,174	118,858	170,607	116,084	536,008	82,951	281,861	90,209	197,090
Trade receivables`40`	158,313	154,134	21,789	105,266	150,823	100,044	523,092	72,394	272,081	60,107	187,321
Other amounts receivable`41`	2,890	46,309	30,385	13,591	19,784	16,040	12,916	10,556	9,780	30,102	9,769
Cash at bank and in hand`54/58`	48,013	731,500	2.7m	2.7m	2.1m	1.7m	809,660	1.3m	1.2m	1.9m	1.3m
Deferred charges and accrued income`490/1`	435	13,775	-	8,463	-	-	-	-	2,109	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	244,999	1.0m	2.8m	3.0m	2.8m	2.2m	1.7m	1.6m	1.8m	2.4m	1.9m
Equity`10/15`	153,681	733,552	2.3m	2.2m	1.4m	1.2m	1.2m	1.2m	1.2m	1.6m	686,545
Contributions`10/11`	80,000	80,000	80,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000
Issued capital`100`	80,000	80,000	80,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000
Reserves`13`	8,000	653,552	2.2m	2.1m	1.3m	1.1m	1.1m	1.1m	1.1m	1.5m	586,545
Legal reserve`130`	8,000	8,000	8,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000
Distributable reserves`133`	-	645,552	2.2m	2.0m	1.3m	1.1m	1.1m	1.1m	1.1m	1.5m	576,545
Profit (loss) carried forward`14`	65,681	-	-	-	-	-	-	-	-	-	-
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	34,789	34,789
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	34,789	34,789
Amounts payable`17/49`	91,319	270,703	510,368	857,653	1.3m	1.0m	547,428	418,241	644,263	738,685	1.1m
Amounts payable within one year`42/48`	91,319	270,703	507,528	856,753	1.3m	1.0m	546,528	418,241	643,363	736,655	1.1m
Trade debts`44`	24,327	5,284	254,702	17,575	177,275	17,797	97,063	57,521	12,599	2,728	6,578
Suppliers`440/4`	24,327	5,284	254,702	17,575	177,275	17,797	97,063	57,521	12,599	2,728	6,578
Advances received on contracts in progress`46`	-	5,198	171,254	369,916	840,178	627,170	128,360	206,967	500,806	633,918	693,123
Taxes, remuneration and social security`45`	66,992	260,222	81,572	469,262	292,243	361,341	321,105	153,754	129,958	100,009	103,562
Taxes`450/3`	47,637	244,521	81,572	443,773	269,310	339,117	299,360	132,254	109,385	70,877	74,219
Remuneration and social security`454/9`	19,355	15,701	-	25,489	22,933	22,225	21,745	21,500	20,572	29,132	29,343
Other amounts payable`47/48`	-	-	-	-	-	-	-	-	-	-	340,041
Accrued charges and deferred income`492/3`	-	-	2,841	900	-	900	900	-	900	2,030	-
Income statement
Non-recurring operating income`76A`	15,620	-	1,132	-	-	-	-	4,306	-	-	326
Gross operating margin`9900`	233,660	767,801	1.1m	2.7m	2.1m	1.8m	1.7m	1.7m	1.6m	1.6m	1.6m
Remuneration, social security and pensions`62`	139,782	144,609	269,139	222,041	211,177	202,783	201,026	200,541	260,841	266,666	263,507
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	8,244	16,314	415	35,140	50,202	53,839	65,252	36,070	39,220	49,801	68,784
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-34,789	-	-
Other operating charges`640/8`	963	4,291	6,046	6,743	6,987	11,309	5,766	6,295	5,497	5,964	3,350
Non-recurring operating charges`66A`	3,257	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	81,413	602,587	818,777	2.4m	1.9m	1.5m	1.5m	1.5m	1.3m	1.3m	1.3m
Financial income`75/76B`	18,805	32,174	18,939	114,531	16,450	13,222	12,063	25,640	90,303	46,824	60,871
Recurring financial income`75`	18,805	32,174	18,939	114,531	16,450	13,222	12,063	25,640	90,303	46,824	60,871
Financial charges`65/66B`	768	1,054	1,480	2,483	3,251	3,668	3,353	2,916	3,730	2,749	1,720
Recurring financial charges`65`	768	1,054	1,480	2,483	3,251	3,668	3,353	2,916	3,730	2,749	1,720
Profit (loss) for the period before taxes`9903`	99,451	633,707	837,368	2.6m	1.9m	1.5m	1.5m	1.5m	1.4m	1.4m	1.4m
Income taxes`67/77`	33,770	208,175	269,492	862,298	640,370	509,646	492,825	504,592	471,909	457,391	456,757
Profit (loss) for the period`9904`	65,681	425,533	567,877	1.7m	1.3m	998,977	974,160	998,561	949,202	911,744	909,322
Profit (loss) for the period to be appropriated`9905`	65,681	425,533	567,877	1.7m	1.3m	998,977	974,160	998,561	949,202	911,744	909,322
Appropriation of the result
Profit (loss) to be appropriated`9906`	65,681	425,533	567,877	1.7m	1.3m	998,977	974,160	998,561	949,202	911,744	909,322
Transfer from equity`791/2`	645,552	2.0m	-	990,000	990,000	990,000	990,000	990,000	1.4m	-	80,678
Transfer to equity`691/2`	-	425,533	567,877	1.7m	1.3m	998,977	974,160	998,561	949,202	911,744	-
To other reserves`6921`	-	425,533	567,877	1.7m	1.3m	998,977	974,160	998,561	949,202	911,744	-
Profit to be distributed`694/7`	645,552	2.0m	-	990,000	990,000	990,000	990,000	990,000	1.4m	-	990,000
Return on contributions (dividend)`694`	645,552	2.0m	-	990,000	990,000	990,000	990,000	990,000	1.4m	-	990,000
Social balance sheet
Average staff (FTE)`9087`	2	2	3	3	3	3	3	3	3.8	4	4
Hours worked`1013`	3,541	3,488	4,167	4,978	5,185	5,194	5,048	5,182	6,639	6,978	6,903
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 12 older financial years (1994-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2016 (PDF), filed on 09-07-2017.

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	abbreviated format	09-07-2017	2017-31100206	PDF
31-12-2015	abbreviated format	31-05-2016	2016-14300078	PDF
31-12-2014	abbreviated format	02-06-2015	2015-14900068	PDF
31-12-2013	abbreviated format	17-03-2014	2014-06600383	PDF
31-12-2012	abbreviated format	08-07-2013	2013-28100577	PDF
31-12-2011	abbreviated format	30-05-2012	2012-13500572	PDF
31-12-2010	abbreviated format	21-06-2011	2011-17500044	PDF
31-12-2009	abbreviated format	02-06-2010	2010-14100097	PDF
31-12-2008	abbreviated format	02-06-2009	2009-17400010	PDF
31-12-2007	abbreviated format	11-06-2008	2008-20500203	PDF
31-12-2006	abbreviated format	07-06-2007	2007-19100010	PDF
31-12-2005	abbreviated format	02-06-2006	2006-20203404	PDF
31-12-2004	abbreviated format	08-06-2005	2005-22602853	PDF
31-12-2003	abbreviated format	08-06-2004	2004-21700661	PDF
31-12-2002	abbreviated format	04-06-2003	2003-19502816	PDF
31-12-2001	abbreviated format	14-06-2002	2002-21501246	PDF
31-12-2000	abbreviated format	06-06-2001	2001-18004518	PDF
31-12-1999	abbreviated format	21-06-2000	2000-24300192	PDF
31-12-1998	abbreviated format	04-06-1999	1999-14302338	PDF
31-12-1997	abbreviated format	19-06-1998	1998-19002366	PDF
31-12-1996	abbreviated format	13-06-1997	1997-14601086	PDF
31-12-1995	abbreviated format	20-06-1996	1996-18603810	PDF
31-12-1994	abbreviated format	19-06-1995	1995-25300424	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	89,657	618,900	819,192	2.5m	1.9m	1.6m	1.5m	1.5m	1.4m	1.4m	1.4m
Cash flow	73,925	441,846	568,292	1.7m	1.3m	1.1m	1.0m	1.0m	988,422	961,545	978,106
Investment in fixed assets (approximation)	5,200	63,870	-108,398	1,731	0	0	115,078	3,540	1,384	25,839	15,261
Change in cash	-683,487	-2.0m	-6,711	593,913	404,067	931,730	-472,453	65,119	-692,753	616,915	-
Working capital	135,607	685,179	2.3m	2.0m	1.3m	991,847	929,031	993,797	957,913	1.4m	434,057
Solvency	62.7%	73.0%	81.8%	71.5%	52.5%	54.0%	68.2%	74.0%	64.7%	67.4%	36.8%
Current ratio	2.48	3.53	5.51	3.38	2.00	1.99	2.70	3.38	2.49	2.86	1.38
Quick ratio	2.30	3.49	5.49	3.35	1.77	1.85	2.46	3.26	2.33	2.71	1.30
Debt to equity	0.59	0.37	0.22	0.40	0.90	0.85	0.47	0.35	0.54	0.46	1.67
ROE	42.7%	58.0%	24.8%	78.7%	86.6%	84.4%	82.9%	83.8%	80.3%	57.0%	132.4%
ROA	26.8%	42.4%	20.3%	56.3%	45.5%	45.6%	56.6%	62.0%	52.0%	38.4%	48.8%

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 DITECH

The operating result for 2016 is 86% lower than in 2015 and the lowest since 2006. It is the third fall in a row.

Debt's share of the balance-sheet total rises from 27.0% to 37.3%. Equity and debt are lower.

Board & ownership

Control

Shareholder in 2017

A & E SECURITY

100%

This company

DITECH

Equity €153,681

Profit €65,681 in 2016

Capital

Capital: €80,000
Source: 2016 annual accounts

Owners through the years

as the annual accounts name them

99% until 2016

Owners as a list

A & E SECURITY
- 2016: 99.99%
- 2017: 100%
DNET
- 2007 to 2016: 99%

Source: lists of holdings in the owners' accounts

Office holders in the KBO →

Timeline

30 events since 1993

Filings

Financial

End

1995200020052010201520202025

2018

02-02-2018

Deed on restructuring and the end PDF

2017

09-07-2017

Annual accounts 2016 filed PDFabbreviated format · 22 days before the deadline

2016

31-12-2016

Weakest financial year net €65,681 ▼84.6% The net result drops to €65,681, the lowest from 2006 to 2016.

31-05-2016

Annual accounts 2015 filed PDFabbreviated format · 61 days before the deadline

2015

02-06-2015

Annual accounts 2014 filed PDFabbreviated format · 59 days before the deadline

2014

17-03-2014

Annual accounts 2013 filed PDFabbreviated format · 136 days before the deadline

2013

31-12-2013

Highest result from 2006 to 2016 net €1.7m ▲35% The operating result of €2.4m and the net result of €1.7m are both a record.

31-12-2013

Equity above €2m equity €2.2m ▲48.5% Equity rises from €1.4m to €2.2m.

08-07-2013

Annual accounts 2012 filed PDFabbreviated format · 23 days before the deadline

2012

30-05-2012

Annual accounts 2011 filed PDFabbreviated format · 62 days before the deadline

2011

21-06-2011

Annual accounts 2010 filed PDFabbreviated format · 40 days before the deadline

2010

02-06-2010

Annual accounts 2009 filed PDFabbreviated format · 59 days before the deadline

2009

02-06-2009

Annual accounts 2008 filed PDFabbreviated format · 59 days before the deadline

2008

11-06-2008

Annual accounts 2007 filed PDFabbreviated format · 50 days before the deadline

2007

31-12-2007

Liquidity more than doubled current ratio 2.86 The current ratio rises from 1.38 to 2.86. Short-term debt falls from €1.1m to €736,655.

31-12-2007

Equity above €1m equity €1.6m ▲133% With a profit in every financial year since 2006, equity grows to €1.6m.

07-06-2007

Annual accounts 2006 filed PDFabbreviated format · 54 days before the deadline

2006

02-06-2006

Annual accounts 2005 filed PDFabbreviated format

2005

08-06-2005

Annual accounts 2004 filed PDFabbreviated format

2004

08-06-2004

Annual accounts 2003 filed PDFabbreviated format

2003

04-06-2003

Annual accounts 2002 filed PDFabbreviated format

2002

14-06-2002

Annual accounts 2001 filed PDFabbreviated format

2001

06-06-2001

Annual accounts 2000 filed PDFabbreviated format

2000

21-06-2000

Annual accounts 1999 filed PDFabbreviated format

1999

04-06-1999

Annual accounts 1998 filed PDFabbreviated format

1998

19-06-1998

Annual accounts 1997 filed PDFabbreviated format

1997

13-06-1997

Annual accounts 1996 filed PDFabbreviated format

1996

20-06-1996

Annual accounts 1995 filed PDFabbreviated format

1995

19-06-1995

Annual accounts 1994 filed PDFabbreviated format

1993

27-10-1993

Incorporation 24 publications in the Belgian Official Gazette, the last on 02-02-2018

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

DITECH is no longer in the KBO register.

Last annual accounts: financial year to 31 December 2016
Last registered office: Geraardsbergsestraat 175, 9300 Aalstas published on 2 February 2018
Legal form: Private limited company (pre-2019)
First annual accounts: financial year 1994

Official KBO record