ELECTRABEL SOLAR ENERGY
InactiveInactive; last annual accounts for fiscal year 2014.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2014 was due by 31-10-2014 and was filed on 20-05-2015, 201 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2014
201 d late
2013
48 d early
2012
69 d early
2011
35 d early
2010
30 d early
2009
37 d early
2008
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2014, full schema
Turnover
€396k▼ 80.4%
2013 · €2.02M
2010: €2.33M
2011: €2.27M
2012: €2.11M
2013: €2.02M
2010 → 2014
EBIT margin
38.8%▼ 7.7pp
2013 · 46.5%
2010: 34.9%
2011: 51.1%
2012: 43.2%
2013: 46.5%
2010 → 2014
Net result
€101k▼ 83.4%
2013 · €607k
2010: €588k
2011: €898k
2012: €670k
2013: €607k
2010 → 2014
Working capital
€616k▼ 56.2%
2013 · €1.41M
2010: €1.73M
2011: €2.72M
2012: €839k
2013: €1.41M
2010 → 2014
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20102011201220132014Trend
Turnover€2.33M-€2.27M▼ 2.5%€2.11M▼ 7.3%€2.02M▼ 4.2%€396k▼ 80.4%
Equity€6.17M-€6.22M▲ 0.8%€6.59M▲ 5.9%€6.30M▼ 4.4%€6.40M▲ 1.6%
Operating result€814k-€1.16M▲ 43.0%€911k▼ 21.7%€939k▲ 3.1%€154k▼ 83.6%
Net result€588k-€898k▲ 52.7%€670k▼ 25.4%€607k▼ 9.4%€101k▼ 83.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2014; 2014 is 84% below 2013 and is the lowest result in the available series.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Assets €15.34M
Fixed assets
€13.64M ▼ 1.6%
Current assets
€1.70M ▼ 31.8%
Equity and liabilities €15.34M
Equity
€6.40M ▲ 1.6%
Debt
€8.94M ▼ 11.1%
Debt's share of the balance-sheet total falls from 61.5% to 58.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€379k▼
2013 · €1.84M
Cash flow
€326k▼
2013 · €1.51M
Current ratio
1.57▼
2013 · 2.30
Debt to equity
1.22▼
2013 · 1.42
ROE
1.6%▼
2013 · 9.6%
ROA
0.7%▼
2013 · 3.7%
Interest coverage
16.71▲
2013 · 15.26
Debt ≤ 1 year
€1.08M▼
2013 · €1.08M
Debt > 1 year
€7.81M▼
2013 · €8.92M
Income taxes
€31k▼
2013 · €212k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2014 against 2013 · 25 lines
Balance sheet
Code20132014
Assets
Total assets20/58€16.35M€15.34M▼
Fixed assets21/28€13.87M€13.64M▼
Tangible fixed assets22/27€13.87M€13.64M▼
Current assets29/58€2.49M€1.70M▼
Amounts receivable within one year40/41€2.49M€1.70M▼
Equity and liabilities
Total equity and liabilities10/49€16.35M€15.34M▼
Equity10/15€6.30M€6.40M▲
Contributions10/11€6.06M€6.06M=
Reserves13€214k€219k▲
Profit (loss) carried forward14€21k€117k▲
Amounts payable17/49€10.06M€8.94M▼
Amounts payable after more than one year17€8.92M€7.81M▼
Amounts payable within one year42/48€1.08M€1.08M▼
Trade debts44€168k€136k▼
Income statement
Code20132014
Turnover70€2.02M€396k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€900k€225k▼
Operating profit (loss)9901€939k€154k▼
Recurring financial income75€1k€764▼
Recurring financial charges65€121k€23k▼
Debt charges650€121k€23k▼
Profit (loss) for the period before taxes9903€819k€131k▼
Income taxes67/77€212k€31k▼
Profit (loss) for the period9904€607k€101k▼
Profit (loss) for the period to be appropriated9905€607k€101k▼
Appropriation of the result
Return on contributions (dividend)694€900k-
Timeline · acts, filings and financial milestones
2015
20-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 201 days late
2014
24-07
State Gazette act
Merger · Accounting effect
24-07
State Gazette act
Merger · Accounting effect
Corporate purpose
13-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
31-03
Financial
Weakest financial yearnet €101k ▼83.4%
Net result drops to €101k, the lowest in the series.
2013
23-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
26-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
31-12
Financial
Highest result since 2010net €898k ▲52.7%
Operating result €1.16M, net result €898k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
24-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
15-06
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:ELECTRABEL