FERNEL

Inactive

KBO/BCE: BE 0867.138.230

Inactive; last annual accounts for fiscal year 2018.

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FERNELInactive

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Signals

1 signal. The signal on the left, the evidence on the right.

○neutral

Latest accounts filed on time

The financial year that closed on 28-02-2018 was due by 30-09-2018 and was filed on 20-07-2018, 72 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2018

72 d early

2017

28 d early

2016

on the day

2015

3 d early

2014

3 d early

2013

3 d early

2012

8 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

FERNEL has filed 15 sets of annual accounts, the latest for fiscal year 2018.¹ In 2018 the company was absorbed by merger into B&R.²

Financials · fiscal year 2018, full schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover

€1.53M

EBIT margin

1.3%

Net result

€14k=

2017 · €14k

Working capital

€1.08M=

2017 · €1.08M

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20142015201620172018

Turnover€1.53M

Operating result€189k-€169k▼ 10.2%€139k▼ 18.1%€20k▼ 85.3%€20k=

Net result€131k-€114k▼ 13.0%€94k▼ 17.4%€14k▼ 85.0%€14k=

EBIT margin1.3%

Equity€859k-€973k▲ 13.2%€1.07M▲ 9.7%€1.08M▲ 1.3%€1.08M=

Total assets€878k-€1.19M▲ 35.2%€1.60M▲ 34.5%€1.13M▼ 29.5%€1.13M=

Debt€19k-€214k▲ 1,026%€530k▲ 147%€45k▼ 91.5%€45k=

Working capital€859k-€973k▲ 13.2%€1.07M▲ 9.7%€1.08M▲ 1.3%€1.08M=

Staff (FTE)14.9-12.6▼ 15.4%12▼ 4.8%11.3▼ 5.8%11.3=

Result per fiscal year

Operating resultNet result

The operating result stays at €20k in 2018, level with 2017.

Balance-sheet composition

2018 in colour, 2017 as the grey bar beneath

Equity and liabilities €1.13M

96.0%

Equity €1.08M =

Debt €45k =

Debt's share of the balance-sheet total stays at 4.0%.

Key figures and ratios

2018 value · change against 2017

EBITDA

€20k

Cash flow

€14k

Current ratio

25.13=

2017 · 25.13

ROE

1.3%=

2017 · 1.3%

ROA

1.3%=

2017 · 1.3%

Debt ≤ 1 year

€45k=

2017 · €45k

Income taxes

€6k=

2017 · €6k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2018 against 2017 · 28 lines

Balance sheet Code20172018

Assets

Total assets20/58€1.13M€1.13M=

Formation expenses20-€0

Intangible fixed assets21-€0

Financial fixed assets28-€0

Current assets29/58€1.13M€1.13M=

Stocks and contracts in progress3-€0

Amounts receivable within one year40/41€219k€1.07M▲

Current investments50/53-€0

Cash at bank and in hand54/58€907k€907k=

Equity and liabilities

Total equity and liabilities10/49€1.13M€1.13M=

Equity10/15€1.08M€1.08M=

Contributions10/11€19k€19k=

Reserves13€1.05M€1.05M=

Profit (loss) carried forward14€14k€94k▲

Amounts payable17/49€45k€45k=

Amounts payable within one year42/48€45k€45k=

Trade debts44€1k€1k=

Income statement Code20172018

Turnover70-€1.53M

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0

Gross operating margin9900€514k€514k=

Operating profit (loss)9901€20k€20k=

Recurring financial income75€266€266=

Recurring financial charges65€1k€1k=

Profit (loss) for the period before taxes9903€20k€20k=

Income taxes67/77€6k€6k=

Profit (loss) for the period9904€14k€14k=

Profit (loss) for the period to be appropriated9905€14k€14k=

Appropriation of the result

Return on contributions (dividend)694-€0

Line	2014	2015	2016	2017	2018	Change
Turnover70	-	-	-	-	€1.53M	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	-	-	-	-	€0	-
Gross operating margin9900	€953k	€793k	€687k	€514k	€514k	=
Operating profit (loss)9901	€189k	€169k	€139k	€20k	€20k	=
Recurring financial income75	€958	€543	€181	€266	€266	=
Recurring financial charges65	€717	€4k	€1k	€1k	€1k	=
Profit (loss) for the period before taxes9903	€189k	€166k	€138k	€20k	€20k	=
Income taxes67/77	€58k	€52k	€44k	€6k	€6k	=
Profit (loss) for the period9904	€131k	€114k	€94k	€14k	€14k	=
Profit (loss) for the period to be appropriated9905	€131k	€114k	€94k	€14k	€14k	=

Line	2014	2015	2016	2017	2018	Change
Assets
Total assets20/58	€878k	€1.19M	€1.60M	€1.13M	€1.13M	=
Formation expenses20	-	-	-	-	€0	-
Intangible fixed assets21	-	-	-	-	€0	-
Financial fixed assets28	-	-	-	-	€0	-
Current assets29/58	€878k	€1.19M	€1.60M	€1.13M	€1.13M	=
Stocks and contracts in progress3	-	-	€38k	-	€0	-
Amounts receivable within one year40/41	€560k	€936k	€1.01M	€219k	€1.07M	▲ 388%
Current investments50/53	-	-	-	-	€0	-
Cash at bank and in hand54/58	€315k	€247k	€540k	€907k	€907k	=
Equity and liabilities
Total equity and liabilities10/49	€878k	€1.19M	€1.60M	€1.13M	€1.13M	=
Equity10/15	€859k	€973k	€1.07M	€1.08M	€1.08M	=
Contributions10/11	€19k	€19k	€19k	€19k	€19k	=
Reserves13	€710k	€841k	€955k	€1.05M	€1.05M	=
Profit (loss) carried forward14	€131k	€114k	€94k	€14k	€94k	▲ 567%
Amounts payable17/49	€19k	€214k	€530k	€45k	€45k	=
Amounts payable within one year42/48	€19k	€214k	€530k	€45k	€45k	=
Trade debts44	€15k	€162k	€472k	€1k	€1k	=

Line	2014	2015	2016	2017	2018	Change
Profit (loss) for the period9904	€131k	€114k	€94k	€14k	€14k	=
+ Depreciation and write-downs630	-	-	-	-	€0	-
Operating cash flow (approximation)	€131k	€114k	€94k	€14k	€14k	=
Change in cash	-	€-68k	€294k	€366k	€0	▼ 100%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 14Financial 2Gazette 2Filings 10

2018

20-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

03-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

08-06

State Gazette act Merger

08-01

State Gazette act Merger · Accounting effect

Capital · Corporate purpose

2017

31-12

Financial Liquidity times 8current ratio 25.13

Current ratio from 3.01 to 25.13; short-term debt falls from €530k to €45k.

31-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

31-12

Financial Equity above €1MEq €1.07M ▲9.7%

3 profitable years in a row build equity to €1.07M.

28-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

28-07

NBB filing Annual accounts filed

fiscal year 2014 · full schema

2014

28-07

NBB filing Annual accounts filed

fiscal year 2013 · full schema

2013

23-07

NBB filing Annual accounts filed

fiscal year 2012 · full schema

2012

24-07

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

26-07

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

29-06

NBB filing Annual accounts filed

fiscal year 2009 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Structure & network

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction

Taken over by:B&R

BE 0461.486.210simplified merger · State Gazette act of 08-06-2018 (2 acts)