FDW CONSULTING
Annual accounts 2019
micro format, filed on 31-01-2020, on the day of the deadlineGross margin
€83,237
▲ 13×
Operating result
€11,997
▲ 323%
Profit
€94,635
▲ 51×
Working capital
€99,130
▲ €104,039
Solvency
88.9%
▲ 52.0 percentage points
Current ratio
9.00
▲ 8.33
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €170,000 and €430,000.
Balance sheet
balance sheet total €116,148 on 30-06-2019What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
Total assets20/58 |
116,148 | 23,275 | 21,478 | 11,112 | |
Fixed assets21/28 |
4,622 | 13,500 | 3,411 | 3,536 | |
Tangible fixed assets22/27 |
502 | 10,250 | 161 | 436 | |
Furniture and vehicles24 |
502 | 10,250 | 161 | 436 | |
Financial fixed assets28 |
4,120 | 3,250 | 3,250 | 3,100 | |
Current assets29/58 |
111,527 | 9,775 | 18,067 | 7,577 | |
Stocks and contracts in progress3 |
- | 1,793 | - | - | |
Stocks30/36 |
- | 1,793 | - | - | |
Amounts receivable within one year40/41 |
103,202 | 5,058 | 17,480 | 1 | |
Trade receivables40 |
98,022 | 1,419 | 17,480 | - | |
Other amounts receivable41 |
5,179 | 3,639 | - | 1 | |
Cash at bank and in hand54/58 |
8,325 | 2,815 | 377 | 7,372 | |
Deferred charges and accrued income490/1 |
- | 109 | 210 | 204 | |
| Balance sheet: equity and liabilities | |||||
Total equity and liabilities10/49 |
116,148 | 23,275 | 21,478 | 11,112 | |
Equity10/15 |
103,226 | 8,591 | 6,721 | 6,406 | |
Contributions10/11 |
6,200 | 6,200 | 6,200 | 6,200 | |
Issued capital100 |
18,600 | 18,600 | 18,600 | 18,600 | |
Uncalled capital101 |
12,400 | 12,400 | 12,400 | 12,400 | |
Reserves13 |
1,860 | 1,860 | 470 | 174 | |
Legal reserve130 |
1,860 | 1,860 | 470 | 174 | |
Profit (loss) carried forward14 |
95,166 | 531 | 51 | 32 | |
Amounts payable17/49 |
12,922 | 14,684 | 14,757 | 4,707 | |
Amounts payable within one year42/48 |
12,397 | 14,684 | 11,208 | 4,707 | |
Trade debts44 |
2,495 | 2,746 | 947 | - | |
Suppliers440/4 |
2,495 | 2,746 | 947 | - | |
Advances received on contracts in progress46 |
- | 5,000 | - | - | |
Taxes, remuneration and social security45 |
9,902 | 6,938 | 827 | 1,569 | |
Taxes450/3 |
3,788 | 6,938 | 827 | 1,569 | |
Remuneration and social security454/9 |
6,114 | - | - | - | |
Other amounts payable47/48 |
- | - | 9,434 | 3,138 | |
Accrued charges and deferred income492/3 |
525 | - | 3,549 | - | |
| Income statement | |||||
Gross operating margin9900 |
83,237 | 6,199 | 5,090 | 4,154 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
501 | 2,974 | 275 | 390 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
70,182 | - | - | - | |
Other operating charges640/8 |
556 | 387 | 1,663 | 267 | |
Operating profit (loss)9901 |
11,997 | 2,838 | 3,152 | 3,497 | |
Financial income75/76B |
86,570 | 11 | - | - | |
Recurring financial income75 |
86,570 | 11 | - | - | |
Financial charges65/66B |
145 | 42 | 157 | 10 | |
Recurring financial charges65 |
145 | 42 | 157 | 10 | |
Profit (loss) for the period before taxes9903 |
98,422 | 2,808 | 2,994 | 3,487 | |
Income taxes67/77 |
3,788 | 938 | 679 | 81 | |
Profit (loss) for the period9904 |
94,635 | 1,870 | 2,315 | 3,406 | |
Profit (loss) for the period to be appropriated9905 |
94,635 | 1,870 | 2,315 | 3,406 | |
| Appropriation of the result | |||||
Profit (loss) to be appropriated9906 |
95,166 | 1,921 | 2,348 | 3,406 | |
Transfer to equity691/2 |
- | 1,390 | 297 | 174 | |
To the legal reserve6920 |
- | 1,390 | 297 | 174 | |
Profit to be distributed694/7 |
- | - | 2,000 | 3,200 | |
Directors or managers695 |
- | - | 2,000 | 3,200 | |
| Document | |||||
Source: Annual accounts 2019 (PDF), filed on 31-01-2020.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| EBITDA | 12,498 | 5,812 | 3,427 | 3,887 | |
| Cash flow | 95,136 | 4,844 | 2,590 | 3,796 | |
| Investment in fixed assets | 1,800 | 13,064 | 150 | 3,926 | |
| Change in cash | 5,510 | 2,437 | -6,994 | - | |
| Working capital | 99,130 | -4,909 | 6,859 | 2,870 | |
| Solvency | 88.9% | 36.9% | 31.3% | 57.6% | |
| Current ratio | 9.00 | 0.67 | 1.61 | 1.61 | |
| Quick ratio | 9.00 | 0.54 | 1.61 | 1.61 | |
| Debt to equity | 0.13 | 1.71 | 2.20 | 0.73 | |
| ROE | 91.7% | 21.8% | 34.4% | 53.2% | |
| ROA | 81.5% | 8.0% | 10.8% | 30.6% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on FDW CONSULTING
The operating result for 2019 is over 4.2 times that of 2018 and the highest since 2016. It is a recovery after the fall in 2018.
Debt's share of the balance-sheet total falls from 63.1% to 11.1%. Equity is higher and debt is lower.