ESPEVEM
InactiveInactive; last annual accounts for fiscal year 2017.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline25-09-2026 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 25-06-2018, 36 days ahead of the deadline.
NBB · 10 filingsDeviation 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)
Financials · fiscal year 2017, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▼ 99.0%
2016 · €475k
Working capital
€514k▲ 1.1%
2016 · €509k
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
Operating result€145k-€192k▲ 32.4%€147k▼ 23.7%€735k▲ 401%€-10k
Net result€90k-€125k▲ 39.6%€78k▼ 37.7%€475k▲ 511%€5k▼ 99.0%
Equity€457k-€582k▲ 27.3%€34k▼ 94.1%€509k▲ 1,395%€514k▲ 1.0%
Total assets€675k-€791k▲ 17.1%€855k▲ 8.2%€832k▼ 2.7%€720k▼ 13.5%
Debt€218k-€209k▼ 4.4%€821k▲ 293%€323k▼ 60.7%€205k▼ 36.4%
Working capital€187k-€340k▲ 81.8%€-184k€509k€514k▲ 1.1%
Staff (FTE)18.4-17.6▼ 4.3%17▼ 3.4%9.2▼ 45.9%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €10k after €735k in 2016, the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Equity and liabilities €720k
Equity
€514k ▲ 1.0%
Debt
€205k ▼ 36.4%
Debt's share of the balance-sheet total falls from 38.8% to 28.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.51▲
2016 · 2.58
ROE
1.0%▼
2016 · 93.3%
ROA
0.7%▼
2016 · 57.1%
Debt ≤ 1 year
€205k▼
2016 · €323k
Income taxes
€-5k▼
2016 · €255k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93k | €99k | €96k | €60k | - | - |
| Gross operating margin9900 | €963k | €923k | €882k | €1.13M | €-6k | ▼ 101% |
| Operating profit (loss)9901 | €145k | €192k | €147k | €735k | €-10k | ▼ 101% |
| Recurring financial income75 | €2k | €9k | €219 | €3 | €11k | ▲ 348,316% |
| Recurring financial charges65 | €12k | €14k | €9k | €5k | €308 | ▼ 93.3% |
| Profit (loss) for the period before taxes9903 | €135k | €187k | €137k | €730k | €457 | ▼ 99.9% |
| Income taxes67/77 | €45k | €62k | €60k | €255k | €-5k | ▼ 102% |
| Profit (loss) for the period9904 | €90k | €125k | €78k | €475k | €5k | ▼ 99.0% |
| Profit (loss) for the period to be appropriated9905 | €90k | €125k | €115k | €475k | €5k | ▼ 99.0% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €675k | €791k | €855k | €832k | €720k | ▼ 13.5% |
| Fixed assets21/28 | €270k | €246k | €218k | €450 | - | - |
| Tangible fixed assets22/27 | €269k | €246k | €218k | - | - | - |
| Financial fixed assets28 | €450 | €450 | €450 | €450 | - | - |
| Current assets29/58 | €406k | €544k | €637k | €832k | €720k | ▼ 13.5% |
| Stocks and contracts in progress3 | €24k | €16k | €17k | - | - | - |
| Amounts receivable within one year40/41 | €45k | €4k | €15k | €1k | €713k | ▲ 50,531% |
| Current investments50/53 | - | €194k | €194k | - | - | - |
| Cash at bank and in hand54/58 | €327k | €293k | €402k | €831k | €6k | ▼ 99.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €675k | €791k | €855k | €832k | €720k | ▼ 13.5% |
| Equity10/15 | €457k | €582k | €34k | €509k | €514k | ▲ 1.0% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Reserves13 | €41k | €41k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €385k | €510k | €385k | €475k | €480k | ▲ 1.0% |
| Amounts payable17/49 | €218k | €209k | €821k | €323k | €205k | ▼ 36.4% |
| Amounts payable within one year42/48 | €218k | €204k | €821k | €323k | €205k | ▼ 36.4% |
| Trade debts44 | €78k | €129k | €110k | €2k | - | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90k | €125k | €78k | €475k | €5k | ▼ 99.0% |
| + Depreciation and write-downs630 | €93k | €99k | €96k | €60k | - | - |
| Operating cash flow (approximation) | €182k | €224k | €174k | €536k | €5k | ▼ 99.1% |
| Investment in fixed assets (approximation) | - | €-76k | €-68k | €157k | - | - |
| Change in cash | - | €-34k | €109k | €429k | €-824k | ▼ 292% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2018
28-06
State Gazette act
Merger · Accounting effect
Corporate purpose · Permanent representative
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
22-05
State Gazette act
Merger · Accounting effect
Corporate purpose · Permanent representative
2017
31-12
Financial
Weakest financial yearnet €5k ▼99%
Net result drops to €5k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-12
Financial
Highest result since 2013net €475k ▲511%
Operating result €735k, net result €475k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.58
Current ratio from 0.78 to 2.58; short-term debt falls from €821k to €323k.
31-12
Financial
Equity above €500kEq €509k ▲1,395%
4 profitable years in a row build equity to €509k.
12-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
2014
31-12
Financial
Equity above €500kEq €582k ▲27.3%
2 profitable years in a row build equity to €582k.
21-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Show earlier events
2013
17-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 17 days late
2012
31-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
12-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
14-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 14 days late
2009
04-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 4 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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:Burger Brands Belgium NV