EF15
InactiveFinancials · financial year 2016, full format
2016 annual accounts filed 21 days after the deadline Filed on 21 August 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-45400392.
Annual accounts 2016 filed on 21-08-2017 PDF all 2 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€29,250▼ 561%
2015 · -€4,426
Working capital
-€2.2m▼ 220%
2015 · -€674,551
Multi-year overview
2015 to 2016, 2 financial yearsOperating result
-€2,602
▲ 26.2%
2016
20152016
Net result
-€29,250
▼ 561%
2016
20152016
Equity
€28,324
▼ 50.8%
2016
20152016
Total assets
€2.2m
▲ 20.4%
2016
20152016
Debt
€2.2m
▲ 22.7%
2016
20152016
Working capital
-€2.2m
▼ 220%
2016
20152016
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20152016
Operating result-€0.004m--€0.003m▲ 26.2%
Net result-€0.004m--€0.03m▼ 561%
Equity€0.06m-€0.03m▼ 50.8%
Total assets€1.8m-€2.2m▲ 20.4%
Debt€1.8m-€2.2m▲ 22.7%
Working capital-€0.7m--€2.2m▼ 220%
The operating result for 2016 is a loss of €2,602, smaller than the loss of €3,524 in 2015.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €2.2m
Fixed assets
€2.2m ▲ 199%
Current assets
€3,980 ▼ 99.6%
Equity and liabilities €2.2m
Equity
€28,324 ▼ 50.8%
Debt
€2.2m ▲ 22.7%
Debt's share of the balance-sheet total rises from 96.8% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.00▼
2015 · 0.62
ROE
-103.3%▼
2015 · -7.7%
ROA
-1.3%▼
2015 · -0.2%
Debt ≤ 1 year
€2.2m▲
2015 · €1.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2015 | 2016 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,573 | - | - |
| Gross operating margin9900 | -€1,164 | -€2,239 | ▼ 92.4% |
| Operating profit (loss)9901 | -€3,524 | -€2,602 | ▲ 26.2% |
| Recurring financial income75 | €32,156 | €6,686 | ▼ 79.2% |
| Recurring financial charges65 | €33,058 | €33,334 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | -€4,426 | -€29,250 | ▼ 561% |
| Profit (loss) for the period9904 | -€4,426 | -€29,250 | ▼ 561% |
| Profit (loss) for the period to be appropriated9905 | -€4,426 | -€29,250 | ▼ 561% |
| Line | 2015 | 2016 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.8m | €2.2m | ▲ 20.4% |
| Fixed assets21/28 | €0.7m | €2.2m | ▲ 199% |
| Financial fixed assets28 | €0.7m | €2.2m | ▲ 199% |
| Current assets29/58 | €1.1m | €0.004m | ▼ 99.6% |
| Amounts receivable within one year40/41 | €1.1m | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.004m | ▼ 86.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.8m | €2.2m | ▲ 20.4% |
| Equity10/15 | €0.06m | €0.03m | ▼ 50.8% |
| Contributions10/11 | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.004m | -€0.03m | ▼ 661% |
| Amounts payable17/49 | €1.8m | €2.2m | ▲ 22.7% |
| Amounts payable within one year42/48 | €1.8m | €2.2m | ▲ 22.7% |
| Trade debts44 | €0.001m | €417 | ▼ 28.0% |
| Line | 2015 | 2016 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€0.004m | -€0.03m | ▼ 561% |
| + Depreciation and write-downs630 | €0.002m | - | - |
| Operating cash flow (approximation) | -€0.003m | -€0.03m | ▼ 925% |
| Investment in fixed assets (approximation) | - | -€1.5m | - |
| Change in cash | - | -€0.02m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.