ELSA
Absorbed by AGENCE INTERCOMMUNALE DE DEVELOPPEMENT ECONOMIQUE DES ARRONDISSEMENTS DE TOURNAI, ATH ET DES COMMUNES AVOISINANTESFinancials · financial year 2017, full format
Annual accounts 2017 filed on 07-06-2018 PDF all 8 filings
Turnover
€1.1m▼ 0.6%
2016 · €1.1m
EBIT margin
-28.1%▼ 55.3pp
2016 · 27.2%
Net result
-€400,986
2016 · €369,066
Working capital
€1.5m▼ 84.3%
2016 · €9.8m
Multi-year overview
2013 to 2017, 5 financial yearsTurnover
€1.1m
▼ 0.6%
2017
20132017
Operating result
-€296,388
2017
20132017
Net result
-€400,986
2017
20132017
EBIT margin
-28.1%
▼ 55.3pp
2017
20132017
Equity
€19.7m
▼ 2.0%
2017
20132017
Total assets
€20.0m
▼ 2.9%
2017
20132017
Debt
€232,766
▼ 40.1%
2017
20132017
Working capital
€1.5m
▼ 84.3%
2017
20132017
Staff (FTE)
0.8
▼ 20.0%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Turnover€1.1m-€1.0m▼ 9.5%€1.1m▲ 3.4%€1.1m▼ 1.1%€1.1m▼ 0.6%
Operating result€0.4m-€0.2m▼ 47.3%€0.1m▼ 41.2%€0.3m▲ 117%-€0.3m
Net result€0.6m-€0.3m▼ 56.2%€0.2m▼ 22.8%€0.4m▲ 90.2%-€0.4m
EBIT margin37.3%-21.7%▼ 15.6pp12.4%▼ 9.4pp27.2%▲ 14.8pp-28.1%▼ 55.3pp
Equity€20.1m-€20.1m▲ 0.1%€20.1m▲ 0.1%€20.2m▲ 0.1%€19.7m▼ 2.0%
Total assets€20.5m-€20.4m▼ 0.6%€20.5m▲ 0.7%€20.6m▲ 0.5%€20.0m▼ 2.9%
Debt€0.4m-€0.2m▼ 42.6%€0.3m▲ 56.3%€0.4m▲ 22.1%€0.2m▼ 40.1%
Working capital€13.0m-€13.0m▲ 0.5%€13.6m▲ 4.5%€9.8m▼ 27.7%€1.5m▼ 84.3%
Staff (FTE)0.8-1▲ 25.0%1=1=0.8▼ 20.0%
The operating result for 2017 is a loss of €296,388, after a profit of €288,095 in 2016. It is the lowest result since 2013.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €20.0m
Fixed assets
€18.2m ▲ 75.6%
Current assets
€1.8m ▼ 82.6%
Equity and liabilities €20.0m
Equity
€19.7m ▼ 2.0%
Provisions
€0 ▼ 100%
Debt
€232,766 ▼ 40.1%
Debt's share of the balance-sheet total falls from 1.9% to 1.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€168,362▼
2016 · €786,701
Cash flow
-€272,960▼
2016 · €867,672
Current ratio
7.63▼
2016 · 26.31
ROE
-2.0%▼
2016 · 1.8%
ROA
-2.0%▼
2016 · 1.8%
Debt ≤ 1 year
€232,766▼
2016 · €388,299
Income taxes
€4,656▲
2016 · €2,430
Customer credit
458 days▲
2016 · 279 days
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 | €1.1m | €1.0m | €1.1m | €1.1m | €1.1m | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.5m | €0.5m | €0.1m | ▼ 74.3% |
| Operating profit (loss)9901 | €0.4m | €0.2m | €0.1m | €0.3m | -€0.3m | - |
| Recurring financial income75 | €0.2m | €0.1m | €0.1m | €0.08m | €0.2m | ▲ 148% |
| Recurring financial charges65 | €0.001m | €0.002m | €0.003m | €0.001m | €0.3m | ▲ 359× |
| Debt charges650 | €3 | €0.001m | €0.001m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.3m | €0.2m | €0.4m | -€0.4m | - |
| Income taxes67/77 | €0.03m | €0.01m | €0.009m | €0.002m | €0.005m | ▲ 91.6% |
| Profit (loss) for the period9904 | €0.6m | €0.3m | €0.2m | €0.4m | -€0.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €0.3m | €0.2m | €0.4m | -€0.4m | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20.5m | €20.4m | €20.5m | €20.6m | €20.0m | ▼ 2.9% |
| Fixed assets21/28 | €7.2m | €7.1m | €6.6m | €10.4m | €18.2m | ▲ 75.6% |
| Intangible fixed assets21 | €0.003m | €0.001m | €235 | - | - | - |
| Tangible fixed assets22/27 | €6.9m | €6.8m | €6.3m | €5.3m | €0.02m | ▼ 99.6% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €5.1m | €18.2m | ▲ 257% |
| Current assets29/58 | €13.3m | €13.2m | €13.9m | €10.2m | €1.8m | ▼ 82.6% |
| Stocks and contracts in progress3 | €0.03m | €0.008m | €0.008m | - | - | - |
| Amounts receivable within one year40/41 | €1.2m | €0.9m | €1.2m | €0.8m | €1.3m | ▲ 63.3% |
| Current investments50/53 | €11.4m | €10.7m | €10.1m | €9.3m | - | - |
| Cash at bank and in hand54/58 | €0.6m | €0.07m | €0.1m | €0.1m | €0.3m | ▲ 181% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20.5m | €20.4m | €20.5m | €20.6m | €20.0m | ▼ 2.9% |
| Equity10/15 | €20.1m | €20.1m | €20.1m | €20.2m | €19.7m | ▼ 2.0% |
| Contributions10/11 | €20.0m | €20.0m | €20.0m | €20.0m | €20.0m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.003m | €0.001m | €0.006m | €0.006m | -€0.4m | - |
| Provisions and deferred taxes16 | €0.02m | €0.03m | €0.04m | €0.05m | - | - |
| Amounts payable17/49 | €0.4m | €0.2m | €0.3m | €0.4m | €0.2m | ▼ 40.1% |
| Amounts payable within one year42/48 | €0.4m | €0.2m | €0.3m | €0.4m | €0.2m | ▼ 40.1% |
| Trade debts44 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 95.6% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €0.3m | €0.2m | €0.4m | -€0.4m | - |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.5m | €0.5m | €0.1m | ▼ 74.3% |
| Operating cash flow (approximation) | €1.0m | €0.6m | €0.7m | €0.9m | -€0.3m | - |
| Investment in fixed assets (approximation) | - | -€0.4m | €0.04m | -€4.3m | -€8.0m | ▼ 85.4% |
| Change in cash | - | -€0.5m | €0.04m | €0.003m | €0.2m | ▲ 65× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | full format | 07-06-2018 | 2018-16700358 | |
| 31-12-2016 | full format | 03-05-2017 | 2017-11100461 | |
| 31-12-2015 | full format | 29-04-2016 | 2016-11200205 | |
| 31-12-2014 | full format | 16-06-2015 | 2015-17900531 | |
| 31-12-2013 | full format | 24-06-2014 | 2014-21500581 | |
| 31-12-2012 | full format | 08-05-2013 | 2013-11600293 | |
| 31-12-2011 | full format | 11-05-2012 | 2012-11400495 | |
| 31-12-2010 | full format | 29-06-2011 | 2011-23000026 |