EPITAX
Open bankruptcyFinancials · financial year 2017, abbreviated format
2017 annual accounts filed late (598 days) Filed on 19 November 2019, deadline 31 March 2018 (7 months after the close on 31 August 2017, Companies Code art. 3:10). Source: NBB, 2019-74000065.
Equity
€287,789▲ 29.0%
2016 · €223,089
Total assets
€573,113▲ 16.9%
2016 · €490,235
Net result
€64,699▲ 12.9%
2016 · €57,331
Working capital
€271,496▲ 36.8%
2016 · €198,477
Trend over the years
2014 to 2017, 4 financial years 2014 to 2017, 4 financial years
The operating result recovers in 2017; 2017 is 33% above 2016.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€78,507
2017
Net result€64,699
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€573,113
2017
Equity€287,789
2017
Debt€285,325
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€271,496
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2014201520162017
Operating result€56,373-€108,550▲ 92.6%€59,008▼ 45.6%€78,507▲ 33.0%
Net result€39,480-€84,706▲ 115%€57,331▼ 32.3%€64,699▲ 12.9%
Equity€81,052-€165,758▲ 105%€223,089▲ 34.6%€287,789▲ 29.0%
Total assets€250,703-€436,929▲ 74.3%€490,235▲ 12.2%€573,113▲ 16.9%
Debt€169,652-€271,171▲ 59.8%€267,146▼ 1.5%€285,325▲ 6.8%
Working capital€79,251-€132,050▲ 66.6%€198,477▲ 50.3%€271,496▲ 36.8%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €573,113
Fixed assets
€16,292 ▼ 33.8%
Current assets
€556,821 ▲ 19.6%
Equity and liabilities €573,113
Equity
€287,789 ▲ 29.0%
Debt
€285,325 ▲ 6.8%
Debt's share of the balance-sheet total falls from 54.5% to 49.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86,827▲
2016 · €68,104
Cash flow
€73,019▲
2016 · €66,427
Current ratio
1.95▲
2016 · 1.74
ROE
22.5%▼
2016 · 25.7%
ROA
11.3%▼
2016 · 11.7%
Debt ≤ 1 year
€285,325▲
2016 · €267,146
Income taxes
€12,143
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,410 | €9,344 | €9,096 | €8,320 | ▼ 8.5% |
| Gross operating margin9900 | €60,634 | €119,404 | €74,126 | €96,041 | ▲ 29.6% |
| Operating profit (loss)9901 | €56,373 | €108,550 | €59,008 | €78,507 | ▲ 33.0% |
| Recurring financial income75 | €9 | €22 | €23 | €0 | ▼ 98.2% |
| Recurring financial charges65 | €3,696 | €4,447 | €1,700 | €1,665 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €52,686 | €104,125 | €57,331 | €76,843 | ▲ 34.0% |
| Income taxes67/77 | €13,207 | €19,419 | - | €12,143 | - |
| Profit (loss) for the period9904 | €39,480 | €84,706 | €57,331 | €64,699 | ▲ 12.9% |
| Profit (loss) for the period to be appropriated9905 | €39,480 | €84,706 | €57,331 | €64,699 | ▲ 12.9% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €250,703 | €436,929 | €490,235 | €573,113 | ▲ 16.9% |
| Fixed assets21/28 | €1,800 | €33,708 | €24,612 | €16,292 | ▼ 33.8% |
| Tangible fixed assets22/27 | €1,800 | €33,708 | €24,612 | €16,292 | ▼ 33.8% |
| Current assets29/58 | €248,903 | €403,221 | €465,623 | €556,821 | ▲ 19.6% |
| Amounts receivable within one year40/41 | €233,221 | €293,513 | €433,406 | €541,435 | ▲ 24.9% |
| Cash at bank and in hand54/58 | €15,565 | €109,708 | €32,218 | €15,387 | ▼ 52.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €250,703 | €436,929 | €490,235 | €573,113 | ▲ 16.9% |
| Equity10/15 | €81,052 | €165,758 | €223,089 | €287,789 | ▲ 29.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €60,592 | €145,298 | €202,629 | €267,329 | ▲ 31.9% |
| Amounts payable17/49 | €169,652 | €271,171 | €267,146 | €285,325 | ▲ 6.8% |
| Amounts payable within one year42/48 | €169,652 | €271,171 | €267,146 | €285,325 | ▲ 6.8% |
| Trade debts44 | €22,259 | €105,875 | €120,839 | €119,271 | ▼ 1.3% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,480 | €84,706 | €57,331 | €64,699 | ▲ 12.9% |
| + Depreciation and write-downs630 | €1,410 | €9,344 | €9,096 | €8,320 | ▼ 8.5% |
| Operating cash flow (approximation) | €40,889 | €94,050 | €66,427 | €73,019 | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | -€41,251 | €0 | €0 | - |
| Change in cash | - | €94,143 | -€77,491 | -€16,831 | ▲ 78.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-08-2017 | abbreviated format | 19-11-2019 | 2019-74000065 |
| 31-08-2016 | abbreviated format | 28-11-2017 | 2017-70500154 |
| 31-08-2015 | abbreviated format | 03-10-2017 | 2017-66000475 |
| 31-08-2014 | abbreviated format | 04-09-2017 | 2017-59500514 |
| 31-08-2013 | abbreviated format | 04-09-2017 | 2017-59500512 |
| 31-08-2012 | abbreviated format | 27-05-2013 | 2013-13300591 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.