F.M.E.
Open bankruptcyFinancials · financial year 2016, abbreviated format
Equity
€1.0m▼ 42.9%
2015 · €1.8m
Total assets
€3.2m▼ 22.6%
2015 · €4.1m
Net result
-€779,753
2015 · €55,400
Working capital
€336,757▼ 65.0%
2015 · €960,818
Trend over the years
2012 to 2016, 5 financial years 2012 to 2016, 5 financial years
The operating result stays negative: a loss of €701,194 in 2016 against €216,072 in 2015; the loss grows and 2016 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.7m
2016
Net result-€0.8m
2016
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.2m
2016
Equity€1.0m
2016
Debt€2.2m
2016
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2016
Average staff in full-time equivalents (FTE).
Staff (FTE)9.2
2016
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Operating result€0.2m--€0.3m-€0.04m▲ 88.4%-€0.2m▼ 434%-€0.7m▼ 225%
Net result-€0.002m-€0.4m-€0.2m€0.06m-€0.8m
Equity€1.5m-€1.9m▲ 26.2%€1.8m▼ 8.7%€1.8m▲ 3.1%€1.0m▼ 42.9%
Total assets€6.0m-€5.7m▼ 3.8%€4.2m▼ 26.6%€4.1m▼ 2.0%€3.2m▼ 22.6%
Debt€4.4m-€3.8m▼ 14.1%€2.4m▼ 35.7%€2.3m▼ 5.7%€2.2m▼ 6.7%
Working capital-€0.2m-€0.2m€0.5m▲ 192%€1.0m▲ 76.9%€0.3m▼ 65.0%
Staff (FTE)45.7-21.6▼ 52.7%13.4▼ 38.0%10.2▼ 23.9%9.2▼ 9.8%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €3.2m
Fixed assets
€1.4m ▼ 4.5%
Current assets
€1.8m ▼ 32.9%
Equity and liabilities €3.2m
Equity
€1.0m ▼ 42.9%
Debt
€2.2m ▼ 6.7%
Debt's share of the balance-sheet total rises from 55.9% to 67.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€523,052▼
2015 · -€4,491
Cash flow
-€601,611▼
2015 · €266,981
Current ratio
1.23▼
2015 · 1.57
Quick ratio
1.00▼
2015 · 1.41
Debt to equity
0.69▲
2015 · 0.35
ROE
-75.2%▼
2015 · 3.0%
ROA
-24.4%▼
2015 · 1.3%
Debt ≤ 1 year
€1.4m▼
2015 · €1.7m
Debt > 1 year
€719,288▲
2015 · €630,668
Income taxes
€350▼
2015 · €1,248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0.8m | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.4m | €0.2m | €0.2m | €0.2m | ▼ 15.8% |
| Other operating charges640/8 | €0.09m | - | - | - | - | - |
| Gross operating margin9900 | €1.6m | €1.1m | €1.4m | €0.5m | €0.08m | ▼ 81.7% |
| Operating profit (loss)9901 | €0.2m | -€0.3m | -€0.04m | -€0.2m | -€0.7m | ▼ 225% |
| Recurring financial income75 | €0.004m | €0.02m | €0.009m | €0.007m | €287 | ▼ 95.9% |
| Recurring financial charges65 | €0.2m | €0.3m | €0.1m | €0.1m | €0.08m | ▼ 41.9% |
| Profit (loss) for the period before taxes9903 | €34 | €0.4m | -€0.2m | €0.06m | -€0.8m | - |
| Income taxes67/77 | €0.002m | €0.002m | €0.001m | €0.001m | €350 | ▼ 72.0% |
| Profit (loss) for the period9904 | -€0.002m | €0.4m | -€0.2m | €0.06m | -€0.8m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.002m | €0.4m | -€0.2m | €0.06m | -€0.8m | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.0m | €5.7m | €4.2m | €4.1m | €3.2m | ▼ 22.6% |
| Fixed assets21/28 | €3.0m | €2.7m | €1.9m | €1.5m | €1.4m | ▼ 4.5% |
| Intangible fixed assets21 | €0.02m | €0.004m | - | - | - | - |
| Tangible fixed assets22/27 | €3.0m | €2.7m | €1.9m | €1.5m | €1.4m | ▼ 4.5% |
| Land and buildings22 | €2.0m | - | - | - | - | - |
| Plant, machinery and equipment23 | €0.02m | - | - | - | - | - |
| Furniture and vehicles24 | €0.04m | - | - | - | - | - |
| Other tangible fixed assets26 | €0.9m | - | - | - | - | - |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €3.0m | €3.0m | €2.3m | €2.6m | €1.8m | ▼ 32.9% |
| Stocks and contracts in progress3 | €0.9m | €0.5m | €0.4m | €0.3m | €0.3m | ▲ 25.1% |
| Stocks30/36 | €0.9m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2.0m | €2.4m | €1.8m | €2.0m | €1.4m | ▼ 29.2% |
| Trade receivables40 | €0.8m | - | - | - | - | - |
| Other amounts receivable41 | €1.2m | - | - | - | - | - |
| Current investments50/53 | - | - | - | €33 | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.2m | €0.2m | €0.4m | €0.03m | ▼ 91.3% |
| Deferred charges and accrued income490/1 | €0.01m | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.0m | €5.7m | €4.2m | €4.1m | €3.2m | ▼ 22.6% |
| Equity10/15 | €1.5m | €1.9m | €1.8m | €1.8m | €1.0m | ▼ 42.9% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | €0.02m | - | - | - | - | - |
| Issued capital100 | €0.02m | - | - | - | - | - |
| Reserves13 | €1.5m | €1.9m | €1.7m | €1.7m | €1.0m | ▼ 41.5% |
| Legal reserve130 | €0.03m | - | - | - | - | - |
| Tax-exempt reserves132 | €0.05m | - | - | - | - | - |
| Distributable reserves133 | €1.4m | - | - | - | - | - |
| Profit (loss) carried forward14 | €0.03m | €0.03m | €0.06m | €0.06m | €0.003m | ▼ 94.5% |
| Amounts payable17/49 | €4.4m | €3.8m | €2.4m | €2.3m | €2.2m | ▼ 6.7% |
| Amounts payable after more than one year17 | €1.2m | €0.9m | €0.7m | €0.6m | €0.7m | ▲ 14.1% |
| Financial debts170/4 | €1.2m | - | - | - | - | - |
| Amounts payable within one year42/48 | €3.2m | €2.9m | €1.7m | €1.7m | €1.4m | ▼ 14.5% |
| Current portion of amounts payable after more than one year42 | €0.4m | - | - | - | - | - |
| Financial debts43 | €0.6m | - | - | - | - | - |
| Credit institutions430/8 | €0.6m | - | - | - | - | - |
| Trade debts44 | €1.2m | €0.9m | €0.5m | €0.6m | €0.5m | ▼ 6.8% |
| Suppliers440/4 | €1.2m | - | - | - | - | - |
| Taxes, remuneration and social security45 | €0.08m | - | - | - | - | - |
| Taxes450/3 | €0.01m | - | - | - | - | - |
| Remuneration and social security454/9 | €0.07m | - | - | - | - | - |
| Other amounts payable47/48 | €0.9m | - | - | - | - | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,989 | €400,288 | -€168,687 | €55,400 | -€779,753 | - |
| + Depreciation and write-downs630 | €483,709 | €362,779 | €160,155 | €211,581 | €178,142 | ▼ 15.8% |
| Operating cash flow (approximation) | €481,720 | €763,067 | -€8,532 | €266,981 | -€601,611 | - |
| Investment in fixed assets (approximation) | - | -€48,669 | €612,559 | €220,797 | -€111,070 | - |
| Change in cash | - | €110,705 | €16,850 | €193,022 | -€332,056 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-35700088 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55200131 |
| 31-12-2014 | abbreviated format | 30-07-2015 | 2015-37400550 |
| 31-12-2013 | abbreviated format | 25-09-2014 | 2014-60400486 |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-55200197 |
| 31-12-2011 | abbreviated format | 30-08-2012 | 2012-53900567 |
| 31-12-2010 | abbreviated format | 11-08-2011 | 2011-39600140 |
| 31-12-2009 | abbreviated format | 31-10-2010 | 2010-59800021 |
| 31-12-2008 | abbreviated format | 02-11-2009 | 2009-84300072 |
| 31-12-2007 | abbreviated format | 27-10-2008 | 2008-79600059 |
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Of the 2,170 active companies whose main activity is retail sale of women's outerwear (NACE 47711), figures are known for 878. 379 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.