DUCOTRANS
Dissolution or liquidationFinancials · financial year 2015, full format
2015 annual accounts filed 106 days after the deadline Filed on 14 November 2016, deadline 31 July 2016 (7 months after the close on 31 December 2015, Companies Code art. 3:10). Source: NBB, 2016-67800564.
Annual accounts 2015 filed on 14-11-2016 PDF all 19 filings
Turnover
€180,197▲ 50.4%
2011 · €119,823
EBIT margin
9.0%▲ 9.2pp
2011 · -0.1%
Net result
-€79,751▼ 815%
2014 · -€8,712
Working capital
-€83,689▼ 89.5%
2014 · -€44,168
Multi-year overview
2011 to 2015, 5 financial yearsTurnover
no figure
2015
20112015
Operating result
-€55,089
▼ 4,340%
2015
20112015
Net result
-€79,751
▼ 815%
2015
20112015
EBIT margin
no figure
2015
20112015
Equity
-€240,637
▼ 49.6%
2015
20112015
Total assets
€677,010
▼ 14.1%
2015
20112015
Debt
€917,647
▼ 3.3%
2015
20112015
Working capital
-€83,689
▼ 89.5%
2015
20112015
Staff (FTE)
0.3
▲ 50.0%
2015
20112015
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Turnover€119,823-€180,197▲ 50.4%
Operating result-€174-€16,293-€116,533-€1,241▲ 98.9%-€55,089▼ 4,340%
Net result-€3,774-€6,681-€133,247-€8,712▲ 93.5%-€79,751▼ 815%
EBIT margin-0.1%-9.0%▲ 9.2pp
Equity-€25,608--€18,927▲ 26.1%-€152,175▼ 704%-€160,886▼ 5.7%-€240,637▼ 49.6%
Total assets€287,666-€272,053▼ 5.4%€831,959▲ 206%€788,351▼ 5.2%€677,010▼ 14.1%
Debt€313,274-€290,980▼ 7.1%€984,133▲ 238%€949,238▼ 3.5%€917,647▼ 3.3%
Working capital€9,200-€34,359▲ 273%-€116,714-€44,168▲ 62.2%-€83,689▼ 89.5%
Staff (FTE)0.20.3▲ 50.0%
The operating result for 2015 is a loss of €55,089, larger than the loss of €1,241 in 2014.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €677,010
Fixed assets
€524,958 ▼ 15.2%
Current assets
€152,052 ▼ 10.4%
Equity and liabilities
Equity-€240,637
Debt€917,647
Equity is negative. Debt (€917,647) exceeds the balance-sheet total (€677,010).
Key figures and ratios
EBITDA
€41,175▼
2014 · €79,501
Cash flow
€16,513▼
2014 · €72,030
Solvency
-35.5%▼
2014 · -20.4%
Current ratio
0.64▼
2014 · 0.79
Quick ratio
0.46▼
2014 · 0.59
ROA
-11.8%▼
2014 · -1.1%
Debt ≤ 1 year
€235,740▲
2014 · €213,798
Debt > 1 year
€681,868▼
2014 · €735,440
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €119,823 | €180,197 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,110 | €54,431 | €148,438 | €80,741 | €96,264 | ▲ 19.2% |
| Gross operating margin9900 | €46,127 | €65,629 | €32,158 | €89,076 | €50,913 | ▼ 42.8% |
| Operating profit (loss)9901 | -€174 | €16,293 | -€116,533 | -€1,241 | -€55,089 | ▼ 4,340% |
| Recurring financial income75 | €87 | €136 | €1 | €501 | €1 | ▼ 99.8% |
| Recurring financial charges65 | €6,931 | €9,748 | €16,716 | €7,972 | €24,663 | ▲ 209% |
| Profit (loss) for the period before taxes9903 | -€3,787 | €6,681 | -€133,247 | -€8,712 | -€79,751 | ▼ 815% |
| Income taxes67/77 | -€14 | - | €0 | €0 | - | - |
| Profit (loss) for the period9904 | -€3,774 | €6,681 | -€133,247 | -€8,712 | -€79,751 | ▼ 815% |
| Profit (loss) for the period to be appropriated9905 | -€3,774 | €6,681 | -€133,247 | -€8,712 | -€79,751 | ▼ 815% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €287,666 | €272,053 | €831,959 | €788,351 | €677,010 | ▼ 14.1% |
| Fixed assets21/28 | €171,446 | €182,981 | €692,850 | €618,722 | €524,958 | ▼ 15.2% |
| Tangible fixed assets22/27 | €171,446 | €182,981 | €692,850 | €618,722 | €524,958 | ▼ 15.2% |
| Current assets29/58 | €116,219 | €89,072 | €139,109 | €169,630 | €152,052 | ▼ 10.4% |
| Stocks and contracts in progress3 | €35,000 | €42,500 | €42,500 | €42,500 | €42,500 | = |
| Amounts receivable within one year40/41 | €71,932 | €39,285 | €46,187 | €97,767 | €62,797 | ▼ 35.8% |
| Cash at bank and in hand54/58 | €7,018 | €5,503 | €46,907 | €110 | €40,166 | ▲ 364× |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €287,666 | €272,053 | €831,959 | €788,351 | €677,010 | ▼ 14.1% |
| Equity10/15 | -€25,608 | -€18,927 | -€152,175 | -€160,886 | -€240,637 | ▼ 49.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€46,068 | -€39,387 | -€172,635 | -€181,346 | -€261,097 | ▼ 44.0% |
| Amounts payable17/49 | €313,274 | €290,980 | €984,133 | €949,238 | €917,647 | ▼ 3.3% |
| Amounts payable after more than one year17 | €206,255 | €236,268 | €728,007 | €735,440 | €681,868 | ▼ 7.3% |
| Amounts payable within one year42/48 | €107,019 | €54,713 | €255,822 | €213,798 | €235,740 | ▲ 10.3% |
| Trade debts44 | €75,264 | €14,356 | €68,844 | €62,608 | €107,012 | ▲ 70.9% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,774 | €6,681 | -€133,247 | -€8,712 | -€79,751 | ▼ 815% |
| + Depreciation and write-downs630 | €46,110 | €54,431 | €148,438 | €80,741 | €96,264 | ▲ 19.2% |
| Operating cash flow (approximation) | €42,336 | €61,112 | €15,191 | €72,030 | €16,513 | ▼ 77.1% |
| Investment in fixed assets (approximation) | - | -€65,966 | -€658,308 | -€6,613 | -€2,500 | ▲ 62.2% |
| Change in cash | - | -€1,514 | €41,404 | -€46,797 | €40,055 | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2015 | full format | 14-11-2016 | 2016-67800564 | |
| 31-12-2014 | full format | 25-11-2015 | 2015-67300316 | |
| 31-12-2013 | full format | 27-08-2014 | 2014-54600599 | |
| 31-12-2012 | full format | 03-09-2013 | 2013-57400457 | |
| 31-12-2011 | full format | 21-12-2012 | 2012-67500442 | |
| 31-12-2010 | full format | 26-09-2011 | 2011-55700583 | |
| 31-12-2009 | full format | 30-09-2010 | 2010-55800174 | |
| 31-12-2008 | full format | 25-08-2009 | 2009-63200169 | |
| 31-12-2007 | full format | 17-09-2008 | 2008-73300337 | |
| 31-12-2006 | full format | 09-07-2007 | 2007-37600270 |