FINSPIRIT
InactiveInactive; last annual accounts for fiscal year 2016.
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 30-11-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
30-11-2017 close30-06-2018 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2016 was due by 30-06-2017 and was filed on 24-05-2017, 37 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2016, abbreviated schema
Equity
€263,934▲ 36.3%
2015 · €193,666
Total assets
€379,971▲ 38.2%
2015 · €274,866
Net result
€70,268▲ 22.4%
2015 · €57,414
Working capital
-€11,299▲ 61.6%
2015 · -€29,450
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
Line20122013201420152016
Operating result€55,796-€54,323▼ 2.6%€83,546▲ 53.8%€103,653▲ 24.1%€130,294▲ 25.7%
Net result€38,832-€35,504▼ 8.6%€53,855▲ 51.7%€57,414▲ 6.6%€70,268▲ 22.4%
Equity€46,892-€82,396▲ 75.7%€136,252▲ 65.4%€193,666▲ 42.1%€263,934▲ 36.3%
Total assets€256,130-€261,857▲ 2.2%€278,291▲ 6.3%€274,866▼ 1.2%€379,971▲ 38.2%
Debt€209,238-€179,461▼ 14.2%€142,039▼ 20.9%€81,200▼ 42.8%€116,037▲ 42.9%
Working capital-€170,188--€140,804▲ 17.3%-€92,217▲ 34.5%-€29,450▲ 68.1%-€11,299▲ 61.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2013 the operating result has climbed three years in a row; 2016 is 26% above 2015 and is the highest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €379,971
Fixed assets
€359,682 ▲ 60.6%
Current assets
€20,290 ▼ 60.1%
Equity and liabilities €379,971
Equity
€263,934 ▲ 36.3%
Debt
€116,037 ▲ 42.9%
Debt's share of the balance-sheet total rises from 29.5% to 30.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€136,361▲
2015 · €112,779
Cash flow
€76,336▲
2015 · €66,540
Current ratio
0.64▲
2015 · 0.63
Debt to equity
0.32
ROE
26.6%▼
2015 · 29.6%
ROA
18.5%▼
2015 · 20.9%
Debt ≤ 1 year
€31,589▼
2015 · €80,326
Debt > 1 year
€84,449
Income taxes
€55,348▲
2015 · €41,329
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,488 | €8,745 | €9,458 | €9,126 | €6,068 | ▼ 33.5% |
| Gross operating margin9900 | €33,471 | €80,774 | €93,815 | €113,704 | €163,533 | ▲ 43.8% |
| Operating profit (loss)9901 | €55,796 | €54,323 | €83,546 | €103,653 | €130,294 | ▲ 25.7% |
| Recurring financial income75 | €523 | €0 | - | - | - | - |
| Recurring financial charges65 | €522 | €3,147 | €4,731 | €4,909 | €4,678 | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | €55,796 | €51,176 | €78,815 | €98,744 | €125,616 | ▲ 27.2% |
| Income taxes67/77 | €16,964 | €15,672 | €24,960 | €41,329 | €55,348 | ▲ 33.9% |
| Profit (loss) for the period9904 | €38,832 | €35,504 | €53,855 | €57,414 | €70,268 | ▲ 22.4% |
| Profit (loss) for the period to be appropriated9905 | €38,832 | €35,504 | €53,855 | €57,414 | €70,268 | ▲ 22.4% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €256,130 | €261,857 | €278,291 | €274,866 | €379,971 | ▲ 38.2% |
| Fixed assets21/28 | €217,080 | €240,269 | €233,116 | €223,990 | €359,682 | ▲ 60.6% |
| Tangible fixed assets22/27 | €17,080 | €40,269 | €33,116 | €23,990 | €159,682 | ▲ 566% |
| Financial fixed assets28 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Current assets29/58 | €39,050 | €21,588 | €45,175 | €50,876 | €20,290 | ▼ 60.1% |
| Amounts receivable within one year40/41 | - | €2,766 | €18,848 | €589 | €620 | ▲ 5.3% |
| Cash at bank and in hand54/58 | €38,365 | €17,894 | €25,456 | €50,287 | €18,804 | ▼ 62.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €256,130 | €261,857 | €278,291 | €274,866 | €379,971 | ▲ 38.2% |
| Equity10/15 | €46,892 | €82,396 | €136,252 | €193,666 | €263,934 | ▲ 36.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €40,692 | €76,196 | €130,052 | €187,466 | €257,734 | ▲ 37.5% |
| Amounts payable17/49 | €209,238 | €179,461 | €142,039 | €81,200 | €116,037 | ▲ 42.9% |
| Amounts payable after more than one year17 | - | €15,645 | €4,648 | - | €84,449 | - |
| Amounts payable within one year42/48 | €209,238 | €162,391 | €137,391 | €80,326 | €31,589 | ▼ 60.7% |
| Trade debts44 | €1,442 | €11,365 | €3,336 | €331 | €2,577 | ▲ 678% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,832 | €35,504 | €53,855 | €57,414 | €70,268 | ▲ 22.4% |
| + Depreciation and write-downs630 | €7,488 | €8,745 | €9,458 | €9,126 | €6,068 | ▼ 33.5% |
| Operating cash flow (approximation) | €46,320 | €44,249 | €63,313 | €66,540 | €76,336 | ▲ 14.7% |
| Investment in fixed assets (approximation) | - | -€31,934 | -€2,305 | €0 | -€141,759 | - |
| Change in cash | - | -€20,471 | €7,562 | €24,830 | -€31,483 | ▼ 227% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2019
12-07
State Gazette act
General meeting · Statutes amendment
Director resignation · Director appointment
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-11
Financial
Highest result since 2012net €70,268 ▲22.4%
Operating result €130,294, net result €70,268, both a record.
30-11
Financial
Equity above €200,000Eq €263,934 ▲36.3%
5 profitable years in a row build equity to €263,934.
27-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-11
Financial
Equity above €150,000Eq €193,666 ▲42.1%
4 profitable years in a row build equity to €193,666.
02-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-11
Financial
Equity above €100,000Eq €136,252 ▲65.4%
3 profitable years in a row build equity to €136,252.
27-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-11
Financial
Weakest financial yearnet €35,504 ▼8.6%
Net result drops to €35,504, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
25-04
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
Show earlier events
2011
01-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 1 day late
25-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
25-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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.