MEIRLAEN
InactiveInactive; last annual accounts for fiscal year 2017.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2018 was due at the National Bank by 31-07-2019. Nothing is on record, 2616 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 24-04-2018, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2018
not filed
2017
98 d early
2016
53 d early
2015
46 d early
2014
2 d early
2013
28 d late
2012
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 31 days before the deadline; the Belgian median for financial year 2018 is 2 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2017, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
2016 · €0
Total assets
€218,304▼ 57.2%
2016 · €510,298
Net result
€177,391
2016 · -€58,823
Working capital
€159,930▼ 50.5%
2016 · €323,251
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20132014201520162017
Turnover€0€0€0
Operating result-€128,683--€25,381▲ 80.3%-€25,381=-€58,560▼ 131%€178,637
Net result-€129,717-€33,592€33,592=-€58,823€177,391
Equity€602,853-€636,445▲ 5.6%€636,445=€385,430▼ 39.4%€213,998▼ 44.5%
Total assets€1.3m-€832,221▼ 37.2%€710,596▼ 14.6%€510,298▼ 28.2%€218,304▼ 57.2%
Debt€722,080-€195,777▼ 72.9%€124,868▼ 36.2%€124,868=€73,374▼ 41.2%
Working capital€487,249-€558,488▲ 14.6%€523,549▼ 6.3%€323,251▼ 38.3%€159,930▼ 50.5%
Staff (FTE)24-7.2▼ 70.0%7.2=0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2017: €178,637 after a loss of €58,560 in 2016, the highest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €296,260
Fixed assets
€77,956 =
Current assets
€218,304 ▼ 49.5%
Equity and liabilities €287,373
Equity
€213,998 ▼ 44.5%
Debt
€73,374 ▼ 41.2%
Debt's share of the balance-sheet total rises from 24.5% to 25.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€178,637▲
2016 · -€58,560
Cash flow
€177,391▲
2016 · -€58,823
Current ratio
3.74▼
2016 · 3.96
ROE
82.9%▲
2016 · -15.3%
ROA
81.3%▲
2016 · -11.5%
Debt ≤ 1 year
€58,374▼
2016 · €109,091
Income taxes
€4,306▲
2016 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,266 | - | €0 | €0 | €0 | - |
| Gross operating margin9900 | €747,363 | €230,896 | €236,408 | -€54,915 | €181,043 | ▲ 430% |
| Operating profit (loss)9901 | -€128,683 | -€25,381 | -€25,381 | -€58,560 | €178,637 | ▲ 405% |
| Recurring financial income75 | €307 | €1,197 | €2,419 | €2,419 | €4,218 | ▲ 74.4% |
| Recurring financial charges65 | €1,341 | €1,822 | €1,822 | €1,179 | €1,158 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | -€129,717 | €33,927 | €33,927 | -€58,823 | €181,697 | ▲ 409% |
| Income taxes67/77 | - | €336 | €336 | €0 | €4,306 | - |
| Profit (loss) for the period9904 | -€129,717 | €33,592 | €33,592 | -€58,823 | €177,391 | ▲ 402% |
| Profit (loss) for the period to be appropriated9905 | -€127,267 | €35,933 | €35,933 | -€58,823 | €177,391 | ▲ 402% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €832,221 | €710,596 | €510,298 | €218,304 | ▼ 57.2% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €115,603 | €77,956 | €77,956 | €77,956 | €77,956 | = |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €88,038 | €50,391 | €50,391 | €50,391 | €50,391 | = |
| Financial fixed assets28 | €27,565 | €27,565 | €27,565 | €27,565 | €27,565 | = |
| Current assets29/58 | €1.2m | €754,265 | €632,640 | €432,342 | €218,304 | ▼ 49.5% |
| Stocks and contracts in progress3 | €4,638 | €22,075 | €22,075 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.0m | €658,407 | €536,781 | €335,298 | €213,803 | ▼ 36.2% |
| Current investments50/53 | - | - | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €53,776 | €44,793 | €97,044 | €97,044 | €6,107 | ▼ 93.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €832,221 | €710,596 | €510,298 | €218,304 | ▼ 57.2% |
| Equity10/15 | €602,853 | €636,445 | €636,445 | €385,430 | €213,998 | ▼ 44.5% |
| Contributions10/11 | €310,000 | €310,000 | €310,000 | €310,000 | €20,000 | ▼ 93.5% |
| Reserves13 | €291,745 | €325,337 | €325,337 | €74,322 | €192,890 | ▲ 160% |
| Profit (loss) carried forward14 | - | - | €0 | -€58,823 | -€58,823 | = |
| Amounts payable17/49 | €722,080 | €195,777 | €124,868 | €124,868 | €73,374 | ▼ 41.2% |
| Amounts payable within one year42/48 | €722,080 | €195,777 | €109,091 | €109,091 | €58,374 | ▼ 46.5% |
| Trade debts44 | €372,431 | €64,594 | €98,340 | €98,340 | €58,374 | ▼ 40.6% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€129,717 | €33,592 | €33,592 | -€58,823 | €177,391 | ▲ 402% |
| + Depreciation and write-downs630 | €21,266 | - | €0 | €0 | €0 | - |
| Operating cash flow (approximation) | -€108,451 | €33,592 | €33,592 | -€58,823 | €177,391 | ▲ 402% |
| Investment in fixed assets (approximation) | - | €37,647 | €0 | €0 | €0 | - |
| Change in cash | - | -€8,983 | €52,252 | €0 | -€90,937 | - |
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
2019
09-08
State Gazette act
Merger · Power of attorney
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-12
Financial
Back to profitnet €177,391
Net result €177,391 after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-12
Financial
Back to profitnet €33,592
Net result €33,592 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.85
Current ratio from 1.67 to 3.85; short-term debt falls from €722,080 to €195,777.
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
16-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
07-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 38 days late
2011
22-12
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 144 days late
2010
02-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
10-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:TRUSTTEAM