DNB Global
Open bankruptcyFinancials · financial year 2016, micro format
2016 annual accounts filed 64 days after the deadline Filed on 3 October 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-66700281.
Annual accounts 2016 filed on 03-10-2017 PDF all 7 filings
Turnover
≈ €84,000
Estimated: probably between €39,000 and €200,000
EBIT margin
Not included in this filing
Net result
-€13,647
2015 · €10,778
Working capital
€17,712▲ 240%
2015 · €5,211
Trend over the years
2012 to 2016, 5 financial years 2012 to 2016, 5 financial years
The operating result for 2016 is a loss of €12,485, after a profit of €12,736 in 2015. It is the lowest result since 2012.
Operating result-€12,485
2016
Net result-€13,647
2016
Total assets€63,184
2016
Equity€18,390
2016
Debt€44,794
2016
Working capital€17,712
2016
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Operating result€1,691-€17,398▲ 929%€14,332▼ 17.6%€12,736▼ 11.1%-€12,485
Net result€857-€10,892▲ 13×€9,680▼ 11.1%€10,778▲ 11.3%-€13,647
Equity€687-€11,579▲ 17×€21,259▲ 83.6%€32,037▲ 50.7%€18,390▼ 42.6%
Total assets€32,621-€30,480▼ 6.6%€34,676▲ 13.8%€61,590▲ 77.6%€63,184▲ 2.6%
Debt€31,934-€18,901▼ 40.8%€13,417▼ 29.0%€29,553▲ 120%€44,794▲ 51.6%
Working capital-€29,148--€12,804▲ 56.1%€2,124€5,211▲ 145%€17,712▲ 240%
Staff (FTE)0.3
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €63,184
Fixed assets
€29,181 ▲ 8.8%
Current assets
€34,003 ▼ 2.2%
Equity and liabilities €63,184
Equity
€18,390 ▼ 42.6%
Debt
€44,794 ▲ 51.6%
Debt's share of the balance-sheet total rises from 48.0% to 70.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,842▼
2015 · €25,539
Cash flow
€2,680▼
2015 · €23,581
Current ratio
2.09▲
2015 · 1.18
Quick ratio
2.05▲
2015 · 1.16
Debt to equity
1.55
ROE
-74.2%▼
2015 · 33.6%
ROA
-21.6%▼
2015 · 17.5%
Debt ≤ 1 year
€16,291▼
2015 · €29,553
Debt > 1 year
€28,503
Income taxes
-€2▼
2015 · €1,528
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,602 | €5,613 | €5,248 | €12,803 | €16,327 | ▲ 27.5% |
| Gross operating margin9900 | €10,778 | €24,463 | €22,046 | €25,539 | €11,044 | ▼ 56.8% |
| Operating profit (loss)9901 | €1,691 | €17,398 | €14,332 | €12,736 | -€12,485 | - |
| Recurring financial income75 | - | - | €13 | - | €164 | - |
| Recurring financial charges65 | €426 | €2,372 | €141 | €430 | €1,328 | ▲ 209% |
| Profit (loss) for the period before taxes9903 | €1,265 | €15,023 | €14,204 | €12,306 | -€13,649 | - |
| Income taxes67/77 | €408 | €4,131 | €4,524 | €1,528 | -€2 | - |
| Profit (loss) for the period9904 | €857 | €10,892 | €9,680 | €10,778 | -€13,647 | - |
| Profit (loss) for the period to be appropriated9905 | €857 | €10,892 | €9,680 | €10,778 | -€13,647 | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,621 | €30,480 | €34,676 | €61,590 | €63,184 | ▲ 2.6% |
| Fixed assets21/28 | €29,835 | €24,383 | €19,135 | €26,826 | €29,181 | ▲ 8.8% |
| Tangible fixed assets22/27 | €29,835 | €24,223 | €18,975 | €24,866 | €26,858 | ▲ 8.0% |
| Financial fixed assets28 | - | €160 | €160 | €1,960 | €2,323 | ▲ 18.5% |
| Current assets29/58 | €2,786 | €6,097 | €15,541 | €34,764 | €34,003 | ▼ 2.2% |
| Stocks and contracts in progress3 | €199 | €432 | €306 | €425 | €545 | ▲ 28.2% |
| Amounts receivable within one year40/41 | €1,092 | €2,441 | €10,042 | €30,663 | €29,802 | ▼ 2.8% |
| Cash at bank and in hand54/58 | €1,495 | €2,801 | €4,871 | €2,833 | €2,554 | ▼ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,621 | €30,480 | €34,676 | €61,590 | €63,184 | ▲ 2.6% |
| Equity10/15 | €687 | €11,579 | €21,259 | €32,037 | €18,390 | ▼ 42.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€5,513 | €5,379 | €13,199 | €23,977 | €10,330 | ▼ 56.9% |
| Amounts payable17/49 | €31,934 | €18,901 | €13,417 | €29,553 | €44,794 | ▲ 51.6% |
| Amounts payable after more than one year17 | - | - | - | - | €28,503 | - |
| Amounts payable within one year42/48 | €31,934 | €18,901 | €13,417 | €29,553 | €16,291 | ▼ 44.9% |
| Trade debts44 | €5,043 | €3,577 | €4,355 | €23,111 | €5,661 | ▼ 75.5% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €857 | €10,892 | €9,680 | €10,778 | -€13,647 | - |
| + Depreciation and write-downs630 | €5,602 | €5,613 | €5,248 | €12,803 | €16,327 | ▲ 27.5% |
| Operating cash flow (approximation) | €6,459 | €16,505 | €14,928 | €23,581 | €2,680 | ▼ 88.6% |
| Investment in fixed assets (approximation) | - | -€161 | €0 | -€20,494 | -€18,682 | ▲ 8.8% |
| Change in cash | - | €1,306 | €2,070 | -€2,038 | -€279 | ▲ 86.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2016 | micro format | 03-10-2017 | 2017-66700281 | |
| 31-12-2015 | full format | 17-11-2016 | 2016-68000276 | |
| 31-12-2014 | full format | 25-11-2015 | 2015-67300407 | |
| 31-12-2013 | full format | 29-08-2014 | 2014-51800389 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-52600330 | |
| 31-12-2011 | full format | 31-08-2012 | 2012-51700097 | |
| 31-12-2010 | full format | 30-08-2011 | 2011-47200191 |