EFFIBAT
Open bankruptcyFinancials · financial year 2019, full format
2019 annual accounts filed 75 days after the deadline Filed on 14 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-61600313.
Annual accounts 2019 filed on 14-10-2020 PDF all 28 filings
Turnover
≈ €4.0m
Estimated: probably between €2.7m and €6.6m
EBIT margin
Not included in this filing
Net result
-€31,322
2018 · €200,547
Working capital
-€573,105▼ 8.5%
2018 · -€528,413
Multi-year overview
2018 to 2019, 2 financial yearsOperating result
-€27,292
2019
20182019
Net result
-€31,322
2019
20182019
Equity
€1.1m
▼ 3.9%
2019
20182019
Total assets
€7.1m
▲ 42.1%
2019
20182019
Debt
€6.0m
▲ 56.8%
2019
20182019
Working capital
-€573,105
▼ 8.5%
2019
20182019
Staff (FTE)
52.8
▼ 4.0%
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result€0.2m--€0.03m
Net result€0.2m--€0.03m
Equity€1.2m-€1.1m▼ 3.9%
Total assets€5.0m-€7.1m▲ 42.1%
Debt€3.8m-€6.0m▲ 56.8%
Working capital-€0.5m--€0.6m▼ 8.5%
Staff (FTE)55-52.8▼ 4.0%
The operating result for 2019 is a loss of €27,292, after a profit of €187,797 in 2018.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €7.1m
Fixed assets
€1.8m ▼ 2.8%
Current assets
€5.4m ▲ 67.2%
Equity and liabilities €7.1m
Equity
€1.1m ▼ 3.9%
Provisions
€14,695 ▼ 30.7%
Debt
€6.0m ▲ 56.8%
Debt's share of the balance-sheet total rises from 76.0% to 83.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€104,651▼
2018 · €268,122
Cash flow
€100,621▼
2018 · €280,872
Current ratio
0.90▲
2018 · 0.86
Debt to equity
0.02▼
2018 · 3.23
ROE
-2.8%▼
2018 · 17.0%
ROA
-0.4%▼
2018 · 4.0%
Debt ≤ 1 year
€5.9m▲
2018 · €3.7m
Debt > 1 year
€23,458▼
2018 · €69,536
Income taxes
€3,027
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2018 |
|---|---|
| Tangible fixed assets | €5,166 |
| Intangible fixed assets | €6,377 |
| Financial fixed assets | €12,500 |
| Depreciation and write-downs of the year | €80,325 |
Source: notes to the 2018 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €0.7m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.1m | ▲ 64.3% |
| Other operating charges640/8 | €0.01m | - | - |
| Gross operating margin9900 | €1.0m | €2.3m | ▲ 143% |
| Operating profit (loss)9901 | €0.2m | -€0.03m | - |
| Financial income75/76B | €0.01m | - | - |
| Recurring financial income75 | €0.01m | €0.02m | ▲ 48.2% |
| Financial charges65/66B | €0.005m | - | - |
| Recurring financial charges65 | €0.005m | €0.03m | ▲ 470% |
| Profit (loss) for the period before taxes9903 | €0.2m | -€0.03m | - |
| Transfer from deferred taxes780 | €0.005m | - | - |
| Income taxes67/77 | - | €0.003m | - |
| Profit (loss) for the period9904 | €0.2m | -€0.03m | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | -€0.03m | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €5.0m | €7.1m | ▲ 42.1% |
| Fixed assets21/28 | €1.8m | €1.8m | ▼ 2.8% |
| Intangible fixed assets21 | €0.008m | €0.006m | ▼ 32.9% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | ▼ 6.7% |
| Land and buildings22 | €1.5m | - | - |
| Plant, machinery and equipment23 | €0.002m | - | - |
| Furniture and vehicles24 | €0.02m | - | - |
| Financial fixed assets28 | €0.3m | €0.3m | ▲ 21.3% |
| Current assets29/58 | €3.2m | €5.4m | ▲ 67.2% |
| Stocks and contracts in progress3 | - | €0.02m | - |
| Amounts receivable within one year40/41 | €3.1m | €5.2m | ▲ 67.8% |
| Trade receivables40 | €3.1m | - | - |
| Other amounts receivable41 | €0.01m | - | - |
| Cash at bank and in hand54/58 | €0.06m | €0.07m | ▲ 29.6% |
| Deferred charges and accrued income490/1 | €0.05m | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €5.0m | €7.1m | ▲ 42.1% |
| Equity10/15 | €1.2m | €1.1m | ▼ 3.9% |
| Contributions10/11 | €0.5m | €0.5m | = |
| Capital10 | €0.5m | - | - |
| Issued capital100 | €0.5m | - | - |
| Revaluation surpluses12 | €0.8m | - | - |
| Reserves13 | €0.008m | €0.008m | = |
| Legal reserve130 | €0.008m | - | - |
| Profit (loss) carried forward14 | -€0.2m | -€0.3m | ▼ 12.6% |
| Investment grants15 | €0.05m | - | - |
| Provisions and deferred taxes16 | €0.02m | €0.01m | ▼ 30.7% |
| Deferred taxes168 | €0.02m | - | - |
| Amounts payable17/49 | €3.8m | €6.0m | ▲ 56.8% |
| Amounts payable after more than one year17 | €0.07m | €0.02m | ▼ 66.3% |
| Financial debts170/4 | €0.07m | - | - |
| Amounts payable within one year42/48 | €3.7m | €5.9m | ▲ 58.9% |
| Current portion of amounts payable after more than one year42 | €0.07m | - | - |
| Trade debts44 | €3.3m | €4.8m | ▲ 44.8% |
| Suppliers440/4 | €3.3m | - | - |
| Advances received on contracts in progress46 | €0.2m | - | - |
| Taxes, remuneration and social security45 | €0.1m | - | - |
| Taxes450/3 | €9 | - | - |
| Remuneration and social security454/9 | €0.1m | - | - |
| Other amounts payable47/48 | €0.02m | - | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €200,547 | -€31,322 | - |
| + Depreciation and write-downs630 | €80,325 | €131,942 | ▲ 64.3% |
| Operating cash flow (approximation) | €280,872 | €100,621 | ▼ 64.2% |
| Investment in fixed assets (approximation) | - | -€82,313 | - |
| Change in cash | - | €16,690 | - |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | full format | 14-10-2020 | 2020-61600313 | |
| 31-12-2018 | full format | 12-07-2019 | 2019-32500460 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-66900163 | |
| 31-12-2016 | micro format | 30-09-2017 | 2017-66200475 | |
| 31-12-2015 | full format | 31-10-2016 | 2016-67300459 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-55600547 | |
| 31-12-2013 | full format | 29-08-2014 | 2014-55400493 | |
| 31-12-2012 | full format | 30-09-2013 | 2013-61100159 | |
| 31-12-2011 | full format | 10-10-2012 | 2012-60700159 | |
| 31-12-2010 | full format | 25-08-2011 | 2011-51300137 |