FDW-CP (0453.498.952), Inactive: financials and annual accounts

Annual accounts 2013

abbreviated format, filed on 31-03-2014, 30 days before the deadline

Turnover

€5,750

Operating result

-€14,068

▲ €2,433

EBITDA

-€2,877

▲ €4,625

Cash flow

-€1,695

▼ €9,827

Solvency

97.0%

▼ 3.0 percentage points

Current ratio

5.03

Money flows

turnover is 29.0% of income in 2013

Balance sheet

balance sheet total €197,703 on 30-09-2013

What 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	2013	2012	2011	2010	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	197,703	204,672	88,491	95,888	251,666	254,863	271,503
Fixed assets`21/28`	169,462	159,216	9,935	14,571	228,329	242,924	254,017
Tangible fixed assets`22/27`	169,462	159,216	9,935	14,571	228,329	242,924	254,017
Land and buildings`22`	157,657	144,852	-	-	202,790	206,684	216,558
Plant, machinery and equipment`23`	190	-	-	1,074	11,060	16,435	22,253
Furniture and vehicles`24`	11,615	14,364	9,935	13,497	14,479	19,805	15,206
Current assets`29/58`	28,241	45,456	78,556	81,317	23,337	11,939	17,486
Amounts receivable within one year`40/41`	0	6,468	-	26,380	8,232	-	-
Other amounts receivable`41`	-	6,468	-	26,380	8,232	-	-
Current investments`50/53`	24,987	24,987	31,648	31,648	-	-	-
Cash at bank and in hand`54/58`	3,254	14,001	46,908	23,289	8,166	503	15,995
Deferred charges and accrued income`490/1`	-	-	-	-	6,939	11,436	1,491
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	197,703	204,672	88,491	95,888	251,666	254,863	271,503
Equity`10/15`	191,787	204,672	80,540	94,434	141,283	113,346	130,751
Contributions`10/11`	47,447	47,447	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	47,447	47,447	18,592	18,592	18,592	18,592	18,592
Contributions outside capital`11`	96,145	96,145	-	-	-	-	-
Share premium`1100/10`	96,145	96,145	-	-	-	-	-
Reserves`13`	48,195	61,080	61,948	75,842	122,691	94,754	112,159
Legal reserve`130`	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Tax-exempt reserves`132`	-	-	37,500	37,500	37,500	37,500	37,500
Distributable reserves`133`	46,335	59,221	22,589	36,483	83,332	55,395	72,800
Amounts payable`17/49`	5,917	-	7,951	1,454	110,383	141,517	140,752
Amounts payable after more than one year`17`	0	-	-	-	7,685	13,511	19,067
Financial debts`170/4`	-	-	-	-	7,685	13,511	19,067
Amounts payable within one year`42/48`	5,617	-	7,951	720	102,698	128,006	121,372
Current portion of amounts payable after more than one year`42`	-	-	-	-	5,298	5,027	28,310
Trade debts`44`	415	-	-	720	1,607	906	1,987
Suppliers`440/4`	415	-	-	720	1,607	906	1,987
Taxes, remuneration and social security`45`	-	-	-	-	-	-	375
Remuneration and social security`454/9`	-	-	-	-	-	-	375
Other amounts payable`47/48`	5,201	-	7,951	-	95,793	122,073	90,700
Accrued charges and deferred income`492/3`	300	-	-	734	-	-	313
Income statement
Turnover`70`	5,750	-	-	-	-	-	-
Non-recurring operating income`76A`	-	15,894	2,914	13,805	4,942	4,852	6,357
Gross operating margin`9900`	-1,566	-6,485	-4,144	119,390	50,574	5,097	8,392
Goods, raw materials, services and sundry goods`60/61`	7,316	-	-	-	-	-	-
Remuneration, social security and pensions`62`	-	-	-	2,182	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	11,191	8,999	4,636	19,336	21,386	21,018	19,158
Other operating charges`640/8`	1,311	1,017	2,615	3,281	2,468	4,646	2,003
Non-recurring operating charges`66A`	-	-	-	153,833	-	-	-
Operating profit (loss)`9901`	-14,068	-16,501	-11,395	94,591	26,720	-20,567	-12,769
Financial income`75/76B`	1,162	386	7	47	8	-	25
Recurring financial income`75`	1,162	386	7	47	8	-	25
Financial charges`65/66B`	38	588	60	1,460	874	1,690	2,721
Recurring financial charges`65`	38	588	60	1,460	874	1,690	2,721
Profit (loss) for the period before taxes`9903`	-12,944	-809	-8,534	-46,850	30,796	-17,405	-9,108
Income taxes`67/77`	-58	58	5,360	-	2,860	-	-202
Profit (loss) for the period`9904`	-12,886	-867	-13,894	-46,850	27,936	-17,405	-8,906
Profit (loss) for the period to be appropriated`9905`	-12,886	-867	-13,894	-46,850	27,936	-17,405	-8,906
Appropriation of the result
Profit (loss) to be appropriated`9906`	-12,886	-867	-13,894	-46,850	27,936	-17,405	-8,906
Transfer from equity`791/2`	12,886	867	13,894	46,850	-	17,405	8,906
Transfer to equity`691/2`	-	-	-	-	27,936	-	-
To other reserves`6921`	-	-	-	-	27,936	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2013 (PDF), filed on 31-03-2014.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2013	abbreviated format	31-03-2014	2014-07900183	PDF
30-09-2012	abbreviated format	28-03-2013	2013-07900019	PDF
15-10-2011	abbreviated format	08-03-2012	2012-05900192	PDF
30-09-2010	abbreviated format	31-03-2011	2011-07600330	PDF
31-12-2008	abbreviated format	30-06-2009	2009-33300379	PDF
31-12-2007	abbreviated format	27-06-2008	2008-30900203	PDF
31-12-2006	abbreviated format	29-06-2007	2007-32300168	PDF
31-12-2005	abbreviated format	29-06-2006	2006-35802391	PDF
31-12-2004	abbreviated format	29-06-2005	2005-36504702	PDF
31-12-2003	abbreviated format	30-06-2004	2004-36003185	PDF
31-12-2002	abbreviated format	27-06-2003	2003-32501633	PDF
31-12-2001	abbreviated format	28-06-2002	2002-29403957	PDF
31-12-2000	abbreviated format	29-06-2001	2001-30002027	PDF
31-12-1999	abbreviated format	30-06-2000	2000-33201317	PDF
31-12-1998	abbreviated format	13-08-1999	1999-41102209	PDF
31-12-1997	abbreviated format	14-08-1998	1998-40401372	PDF
31-12-1996	abbreviated format	17-10-1997	1997-49503414	PDF
31-12-1995	abbreviated format	28-06-1996	1996-26003649	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2013	2012	2011	2010	2008	2007	2006
EBITDA	-2,877	-7,502	-6,759	113,927	48,106	451	6,389
Cash flow	-1,695	8,132	-9,258	-27,514	49,322	3,613	10,252
Investment in fixed assets (approximation)	21,437	158,280	0	-	6,791	9,925	26,554
Change in cash	-10,747	-32,907	23,619	-	7,663	-15,492	-
Working capital	22,624	-	70,605	80,597	-79,361	-116,067	-103,886
Solvency	97.0%	100.0%	91.0%	98.5%	56.1%	44.5%	48.2%
Current ratio	5.03	-	9.88	-	0.23	0.09	0.14
Debt to equity	0.03	-	0.10	0.02	0.78	1.25	1.08
ROE	-6.7%	-0.4%	-17.3%	-49.6%	19.8%	-15.4%	-6.8%
ROA	-6.5%	-0.4%	-15.7%	-48.9%	11.1%	-6.8%	-3.3%
Customer credit	0 days	-	-	-	-	-	-
Supplier credit	21 days	-	-	-	-	-	-

EBIT margin. Not meaningful: turnover is only a small part of operating income.

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-CP

The operating result for 2013 is a loss of €14,068, smaller than the loss of €16,501 in 2012.

Debt's share of the balance-sheet total is 3.0%.