ELBA

Inactive

KBO/BCE: BE 0427.346.564

Inactive; last annual accounts for fiscal year 2016.

Risk analysis Watch Report Compare

ELBAInactive

Risk analysis Report Compare

Signals

Two signals. The signal on the left, the evidence on the right.

○neutral

No filing for years

The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2017 close31-07-2018 deadline25-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 10-08-2017, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2016, full schema

Turnover

€50k=

2015 · €50k

2012: €72khighest in 5 years 2013: €50k▼ -30.3% vs 2012lowest in 5 years 2014: €50k● 0.0% vs 2013lowest in 5 years 2015: €50k● 0.0% vs 2014lowest in 5 years 2016: €50k● 0.0% vs 2015lowest in 5 years

2012 → 2016

EBIT margin

88.9%▲ 22.0pp

2015 · 66.8%

2012: 23.2%lowest in 5 years 2013: 52.4%▲ +126% vs 2012 2014: 72.2%▲ +37.6% vs 2013 2015: 66.8%▼ -7.4% vs 2014 2016: 88.9%▲ +33.0% vs 2015highest in 5 years

2012 → 2016

Net result

€490k▲ 24.9%

2015 · €392k

2012: €499k 2013: €569k▲ +14.1% vs 2012 2014: €3.07M▲ +440% vs 2013highest in 5 years 2015: €392k▼ -87.2% vs 2014lowest in 5 years 2016: €490k▲ +24.9% vs 2015

2012 → 2016

Working capital

€1.88M▼ 1.5%

2015 · €1.91M

2012: €1.44Mlowest in 5 years 2013: €1.87M▲ +29.4% vs 2012 2014: €2.15M▲ +15.1% vs 2013highest in 5 years 2015: €1.91M▼ -11.2% vs 2014 2016: €1.88M▼ -1.5% vs 2015

2012 → 2016

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20122013201420152016Trend

Turnover€72k-€50k▼ 30.3%€50k=€50k=€50k= 2012: €72khighest in 5 years 2013: €50k▼ -30.3% vs 2012lowest in 5 years 2014: €50k● 0.0% vs 2013lowest in 5 years 2015: €50k● 0.0% vs 2014lowest in 5 years 2016: €50k● 0.0% vs 2015lowest in 5 years

Equity€18.39M-€18.96M▲ 3.1%€22.03M▲ 16.2%€22.27M▲ 1.1%€22.76M▲ 2.2% 2012: €18.39Mlowest in 5 years 2013: €18.96M▲ +3.1% vs 2012 2014: €22.03M▲ +16.2% vs 2013 2015: €22.27M▲ +1.1% vs 2014 2016: €22.76M▲ +2.2% vs 2015highest in 5 years

Operating result€17k-€26k▲ 57.6%€36k▲ 37.6%€33k▼ 7.4%€44k▲ 33.0% 2012: €17klowest in 5 years 2013: €26k▲ +57.6% vs 2012 2014: €36k▲ +37.6% vs 2013 2015: €33k▼ -7.4% vs 2014 2016: €44k▲ +33.0% vs 2015highest in 5 years

Net result€499k-€569k▲ 14.1%€3.07M▲ 440%€392k▼ 87.2%€490k▲ 24.9% 2012: €499k 2013: €569k▲ +14.1% vs 2012 2014: €3.07M▲ +440% vs 2013highest in 5 years 2015: €392k▼ -87.2% vs 2014lowest in 5 years 2016: €490k▲ +24.9% vs 2015

Result per fiscal year

Operating resultNet result

The operating result recovers in 2016; 2016 is 33% above 2015 and is the highest result in the available series.

Balance-sheet composition

2016 in colour, 2015 as the grey bar beneath

Assets €23.07M

90.6%

Fixed assets €20.90M ▲ 2.6%

Current assets €2.17M ▼ 7.5%

Equity and liabilities €23.07M

98.7%

Equity €22.76M ▲ 2.2%

Debt €305k ▼ 32.2%

Debt's share of the balance-sheet total falls from 2.0% to 1.3%. Equity is higher and debt is lower.

Key figures and ratios

2016 value · change against 2015

Current ratio

7.37▲

2015 · 5.32

ROE

2.2%▲

2015 · 1.8%

ROA

2.1%▲

2015 · 1.7%

Debt ≤ 1 year

€295k▼

2015 · €442k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2016 against 2015 · 22 lines

Balance sheet Code20152016

Assets

Total assets20/58€22.72M€23.07M▲

Fixed assets21/28€20.37M€20.90M▲

Financial fixed assets28€20.37M€20.90M▲

Current assets29/58€2.35M€2.17M▼

Amounts receivable within one year40/41€28€42k▲

Cash at bank and in hand54/58€175k€79k▼

Equity and liabilities

Total equity and liabilities10/49€22.72M€23.07M▲

Equity10/15€22.27M€22.76M▲

Contributions10/11€1.02M€1.02M=

Reserves13€102k€102k=

Profit (loss) carried forward14€21.15M€21.64M▲

Amounts payable17/49€449k€305k▼

Amounts payable within one year42/48€442k€295k▼

Trade debts44€3k€5k▲

Income statement Code20152016

Turnover70€50k€50k=

Operating profit (loss)9901€33k€44k▲

Recurring financial income75€417k€350k▼

Recurring financial charges65€6k€5k▼

Debt charges650€6k€5k▼

Profit (loss) for the period before taxes9903€392k€490k▲

Profit (loss) for the period9904€392k€490k▲

Profit (loss) for the period to be appropriated9905€392k€490k▲

Accounts by statement

Income statement Balance sheet Cash flow

Line	2012	2013	2014	2015	2016	Change
Turnover70	€72k	€50k	€50k	€50k	€50k	=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€14k	€13k	-	-	-	-
Operating profit (loss)9901	€17k	€26k	€36k	€33k	€44k	▲ 33.0%
Recurring financial income75	€420k	€381k	€428k	€417k	€350k	▼ 16.0%
Recurring financial charges65	€10k	€11k	€23k	€6k	€5k	▼ 11.7%
Debt charges650	-	€9k	€9k	€6k	€5k	▼ 13.6%
Profit (loss) for the period before taxes9903	€499k	€569k	€3.07M	€392k	€490k	▲ 24.9%
Profit (loss) for the period9904	€499k	€569k	€3.07M	€392k	€490k	▲ 24.9%
Profit (loss) for the period to be appropriated9905	€499k	€569k	€3.07M	€392k	€490k	▲ 24.9%

Line	2012	2013	2014	2015	2016	Change
Assets
Total assets20/58	€18.80M	€19.37M	€22.33M	€22.72M	€23.07M	▲ 1.5%
Fixed assets21/28	€16.95M	€17.09M	€19.88M	€20.37M	€20.90M	▲ 2.6%
Tangible fixed assets22/27	€92k	€80k	-	-	-	-
Financial fixed assets28	€16.85M	€17.01M	€19.88M	€20.37M	€20.90M	▲ 2.6%
Current assets29/58	€1.86M	€2.28M	€2.44M	€2.35M	€2.17M	▼ 7.5%
Amounts receivable within one year40/41	€16k	€349k	€400k	€28	€42k	▲ 149,100%
Cash at bank and in hand54/58	€258k	€276k	€199k	€175k	€79k	▼ 54.5%
Equity and liabilities
Total equity and liabilities10/49	€18.80M	€19.37M	€22.33M	€22.72M	€23.07M	▲ 1.5%
Equity10/15	€18.39M	€18.96M	€22.03M	€22.27M	€22.76M	▲ 2.2%
Contributions10/11	€1.02M	€1.02M	€1.02M	€1.02M	€1.02M	=
Reserves13	€102k	€102k	€102k	€102k	€102k	=
Profit (loss) carried forward14	€17.26M	€17.83M	€20.91M	€21.15M	€21.64M	▲ 2.3%
Amounts payable17/49	€417k	€411k	€296k	€449k	€305k	▼ 32.2%
Amounts payable within one year42/48	€415k	€410k	€295k	€442k	€295k	▼ 33.3%
Trade debts44	€10k	€6k	€7k	€3k	€5k	▲ 53.3%

Line	2012	2013	2014	2015	2016	Change
Profit (loss) for the period9904	€499k	€569k	€3.07M	€392k	€490k	▲ 24.9%
+ Depreciation and write-downs630	€14k	€13k	-	-	-	-
Operating cash flow (approximation)	€513k	€582k	€3.07M	€392k	€490k	▲ 24.9%
Investment in fixed assets (approximation)	-	€-158k	€-2.79M	€-489k	€-523k	▼ 6.8%
Change in cash	-	€18k	€-77k	€-25k	€-95k	▼ 285%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Timeline · acts, filings and financial milestones

All 14Financial 2Gazette 2Filings 10

2017

10-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 10 days late

30-05

State Gazette act Merger · Accounting effect

Permanent representative · Profit sharing date

2016

16-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 16 days late

2015

31-12

Financial Weakest financial yearnet €392k ▼87.2%

Net result drops to €392k, the lowest in the series.

24-08

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 24 days late

2014

31-12

Financial Highest result since 2012net €3.07M ▲440%

Net result €3.07M, the highest in the series.

28-08

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 28 days late

2013

30-08

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 30 days late

2012

31-08

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 31 days late

2011

30-08

NBB filing Annual accounts filed

fiscal year 2010 · full schema · 30 days late

2010

06-12

State Gazette act General meeting · Statutes amendment

31-08

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema · 31 days late

2009

31-08

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema · 31 days late

2008

26-08

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema · 26 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 13 acts read

About the unread acts

We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Structure & network

Acquisitions and mergers

1 transaction

Taken over by:Mitiska

BE 0465.509.730merger by absorption · proposal · State Gazette act of 30-05-2017