EWC
ActiveFinancials · financial year 2017, micro format
2018 annual accounts not yet filed, deadline passed on 31 July 2019 The financial year closed on 31 December 2018. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 8 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2017 filed on 12-12-2018 PDF all 5 filings
Equity
-€3,799
2016 · €1,050
Total assets
€16,125▼ 64.9%
2016 · €45,977
Net result
-€4,849▲ 34.8%
2016 · -€7,439
Working capital
€12,726▼ 17.5%
2016 · €15,421
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
-€4,780
▲ 35.7%
2017
20132017
Net result
-€4,849
▲ 34.8%
2017
20132017
Equity
-€3,799
2017
20132017
Total assets
€16,125
▼ 64.9%
2017
20132017
Debt
€19,925
▼ 55.7%
2017
20132017
Working capital
€12,726
▼ 17.5%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result-€33,982--€16,971▲ 50.1%€297-€7,439-€4,780▲ 35.7%
Net result-€34,122--€16,806▲ 50.7%€259-€7,439-€4,849▲ 34.8%
Equity€25,036-€8,230▼ 67.1%€8,489▲ 3.1%€1,050▼ 87.6%-€3,799
Total assets€44,071-€32,558▼ 26.1%€39,515▲ 21.4%€45,977▲ 16.4%€16,125▼ 64.9%
Debt€19,035-€24,328▲ 27.8%€31,026▲ 27.5%€44,927▲ 44.8%€19,925▼ 55.7%
Working capital-€6,502-€3,659€16,358▲ 347%€15,421▼ 5.7%€12,726▼ 17.5%
The operating result for 2017 is a loss of €4,780, smaller than the loss of €7,439 in 2016.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Key figures and ratios
EBITDA
-€2,625▼
2016 · -€938
Cash flow
-€2,695▼
2016 · -€938
Solvency
-23.6%▼
2016 · 2.3%
Current ratio
4.74▲
2016 · 1.54
ROA
-30.1%▼
2016 · -16.2%
Debt ≤ 1 year
€3,399▼
2016 · €28,401
Debt > 1 year
€16,525=
2016 · €16,525
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | €21,100 | €12,441 | €12,441 | €6,501 | €2,154 | ▼ 66.9% |
| Other operating charges640/8 | - | - | €64 | - | - | - |
| Gross operating margin9900 | -€11,029 | -€3,733 | €12,802 | -€929 | -€1,687 | ▼ 81.6% |
| Operating profit (loss)9901 | -€33,982 | -€16,971 | €297 | -€7,439 | -€4,780 | ▲ 35.7% |
| Recurring financial income75 | €18 | €1 | - | - | - | - |
| Recurring financial charges65 | €159 | €54 | €38 | - | €70 | - |
| Profit (loss) for the period before taxes9903 | -€34,122 | -€16,805 | €259 | -€7,439 | -€4,849 | ▲ 34.8% |
| Income taxes67/77 | €0 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€34,122 | -€16,806 | €259 | -€7,439 | -€4,849 | ▲ 34.8% |
| Profit (loss) for the period to be appropriated9905 | -€34,122 | -€16,806 | €259 | -€7,439 | -€4,849 | ▲ 34.8% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,071 | €32,558 | €39,515 | €45,977 | €16,125 | ▼ 64.9% |
| Fixed assets21/28 | €31,538 | €21,097 | €8,656 | €2,154 | - | - |
| Intangible fixed assets21 | €31,538 | €20,097 | €8,656 | €2,154 | - | - |
| Tangible fixed assets22/27 | - | €1,000 | - | - | - | - |
| Current assets29/58 | €12,533 | €11,462 | €30,859 | €43,822 | €16,125 | ▼ 63.2% |
| Amounts receivable within one year40/41 | €9,485 | €10,427 | €30,850 | €40,782 | €12,010 | ▼ 70.6% |
| Trade receivables40 | - | - | €22,795 | - | - | - |
| Other amounts receivable41 | - | - | €8,055 | - | - | - |
| Cash at bank and in hand54/58 | €3,048 | €1,034 | - | €3,041 | €4,116 | ▲ 35.4% |
| Deferred charges and accrued income490/1 | - | - | €9 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,071 | €32,558 | €39,515 | €45,977 | €16,125 | ▼ 64.9% |
| Equity10/15 | €25,036 | €8,230 | €8,489 | €1,050 | -€3,799 | - |
| Contributions10/11 | €59,158 | €59,158 | €59,158 | €59,158 | €59,158 | = |
| Capital10 | - | - | €59,158 | - | - | - |
| Issued capital100 | - | - | €59,158 | - | - | - |
| Profit (loss) carried forward14 | -€34,122 | -€50,928 | -€50,669 | -€58,108 | -€62,957 | ▼ 8.3% |
| Amounts payable17/49 | €19,035 | €24,328 | €31,026 | €44,927 | €19,925 | ▼ 55.7% |
| Amounts payable after more than one year17 | - | €16,525 | €16,525 | €16,525 | €16,525 | = |
| Financial debts170/4 | - | - | €16,525 | - | - | - |
| Amounts payable within one year42/48 | €19,035 | €7,803 | €14,501 | €28,401 | €3,399 | ▼ 88.0% |
| Financial debts43 | - | - | €11,028 | - | - | - |
| Credit institutions430/8 | - | - | €11,028 | - | - | - |
| Trade debts44 | €1,246 | €6,301 | - | €9,420 | - | - |
| Taxes, remuneration and social security45 | - | - | €2,954 | - | - | - |
| Taxes450/3 | - | - | €2,954 | - | - | - |
| Other amounts payable47/48 | - | - | €519 | - | - | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,122 | -€16,806 | €259 | -€7,439 | -€4,849 | ▲ 34.8% |
| + Depreciation and write-downs630 | €21,100 | €12,441 | €12,441 | €6,501 | €2,154 | ▼ 66.9% |
| Operating cash flow (approximation) | -€13,022 | -€4,365 | €12,700 | -€938 | -€2,695 | ▼ 187% |
| Investment in fixed assets (approximation) | - | -€2,000 | -€0 | €1 | - | - |
| Change in cash | - | -€2,014 | - | - | €1,075 | - |
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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | micro format | 12-12-2018 | 2018-74500105 | |
| 31-12-2016 | micro format | 09-10-2018 | 2018-68900528 | |
| 31-12-2015 | abbreviated format | 18-04-2017 | 2017-09700220 | |
| 31-12-2014 | abbreviated format | 30-01-2016 | 2016-03300154 | |
| 31-12-2013 | abbreviated format | 30-07-2014 | 2014-39600237 |