FIMAG
InactiveInactive; last annual accounts for fiscal year 2017.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-06-2018 close31-01-2019 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2017 was due by 31-01-2018 and was filed on 12-12-2017, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, micro schema
Equity
€227k▲ 8.1%
2016 · €210k
Total assets
€1.27M▲ 23.5%
2016 · €1.03M
Net result
€17k
2016 · €-26k
Working capital
€608k▼ 1.6%
2016 · €618k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20132014201520162017
Operating result€-24k-€-118k▼ 391%€-22k▲ 81.0%€-26k▼ 16.5%€-28k▼ 8.4%
Net result€-14k-€-98k▼ 623%€2k€-26k€17k
Equity€-68k-€-166k▼ 143%€-164k▲ 1.3%€210k€227k▲ 8.1%
Total assets€1.28M-€1.14M▼ 11.0%€1.09M▼ 4.3%€1.03M▼ 5.4%€1.27M▲ 23.5%
Debt€1.35M-€1.30M▼ 3.2%€1.25M▼ 3.9%€820k▼ 34.5%€1.05M▲ 27.5%
Working capital€774k-€649k▼ 16.2%€621k▼ 4.2%€618k▼ 0.5%€608k▼ 1.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2017 against €26k in 2016; the loss grows.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €1.27M
Fixed assets
€369k ▼ 6.0%
Current assets
€903k ▲ 41.6%
Equity and liabilities €1.27M
Equity
€227k ▲ 8.1%
Debt
€1.05M ▲ 27.5%
Debt's share of the balance-sheet total rises from 79.6% to 82.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-5k▼
2016 · €-3k
Cash flow
€40k▲
2016 · €-3k
Current ratio
3.06▼
2016 · 32.16
Debt to equity
3.30▼
2016 · 3.81
ROE
7.5%▲
2016 · -12.5%
ROA
1.3%▲
2016 · -2.5%
Debt ≤ 1 year
€295k▲
2016 · €20k
Debt > 1 year
€750k▼
2016 · €800k
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 | €23k | €23k | €23k | €23k | €23k | = |
| Gross operating margin9900 | €3k | €-90k | €6k | €151 | €-2k | ▼ 1,465% |
| Operating profit (loss)9901 | €-24k | €-118k | €-22k | €-26k | €-28k | ▼ 8.4% |
| Recurring financial income75 | €7k | €21k | €25k | €426 | €47k | ▲ 10,857% |
| Recurring financial charges65 | €158 | €613 | €562 | €567 | €2k | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €-14k | €-98k | €2k | €-26k | €17k | ▲ 165% |
| Profit (loss) for the period9904 | €-14k | €-98k | €2k | €-26k | €17k | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-98k | €2k | €-26k | €17k | ▲ 165% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.28M | €1.14M | €1.09M | €1.03M | €1.27M | ▲ 23.5% |
| Fixed assets21/28 | €459k | €436k | €415k | €392k | €369k | ▼ 6.0% |
| Tangible fixed assets22/27 | €459k | €436k | €415k | €392k | €369k | ▼ 5.9% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | - | - |
| Current assets29/58 | €819k | €702k | €673k | €638k | €903k | ▲ 41.6% |
| Stocks and contracts in progress3 | €351k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €10k | €4k | €11k | €63 | €574k | ▲ 914,510% |
| Current investments50/53 | €350k | €300k | €280k | €530k | €250k | ▼ 52.9% |
| Cash at bank and in hand54/58 | €92k | €378k | €382k | €108k | €80k | ▼ 26.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.28M | €1.14M | €1.09M | €1.03M | €1.27M | ▲ 23.5% |
| Equity10/15 | €-68k | €-166k | €-164k | €210k | €227k | ▲ 8.1% |
| Contributions10/11 | €1.29M | €1.29M | €1.29M | €1.69M | €1.69M | = |
| Reserves13 | €94k | €94k | €94k | €94k | €94k | = |
| Profit (loss) carried forward14 | €-1.45M | €-1.55M | €-1.55M | €-1.57M | €-1.56M | ▲ 1.1% |
| Amounts payable17/49 | €1.35M | €1.30M | €1.25M | €820k | €1.05M | ▲ 27.5% |
| Amounts payable after more than one year17 | €1.30M | €1.25M | €1.20M | €800k | €750k | ▼ 6.3% |
| Amounts payable within one year42/48 | €45k | €53k | €52k | €20k | €295k | ▲ 1,387% |
| Trade debts44 | €4k | €2k | €3k | €3k | €7k | ▲ 154% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-98k | €2k | €-26k | €17k | ▲ 165% |
| + Depreciation and write-downs630 | €23k | €23k | €23k | €23k | €23k | = |
| Operating cash flow (approximation) | €10k | €-74k | €25k | €-3k | €40k | ▲ 1,417% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | €250 | - |
| Change in cash | - | €286k | €4k | €-274k | €-28k | ▲ 89.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
30-06
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
Financial
Liquidity doublescurrent ratio 32.16
Current ratio from 12.94 to 32.16; short-term debt falls from €52k to €20k.
30-06
Financial
Equity above €200kEq €210k
Equity rises from €-164k to €210k.
2015
23-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
30-06
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
05-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
Financial
Weakest financial yearnet €-98k
Net result drops to €-98k, the lowest in the series.
11-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 11 days late
2013
15-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 15 days late
2012
08-02
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 8 days late
Show earlier events
2010
10-12
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2009
15-12
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2008
16-12
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
26-08
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment
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.
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Structure & network
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
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