FLANDERS COACH GROUP

Inactive

KBO/BCE: BE 0479.278.978

Inactive; last annual accounts for fiscal year 2013.

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Signals

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

+raises risk

Filed more than 90 days late

The financial year that closed on 30-06-2013 was due by 31-01-2014 and was filed on 26-06-2014, 146 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2013

146 d late

2012

27 d early

2011

33 d early

2010

31 d early

2009

30 d early

2008

34 d early

2007

7 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

Financials · fiscal year 2012, full schema

Turnover

€1.13M▲ 21.4%

2011 · €928k

2009: €1.02M 2010: €874k 2011: €928k

2009 → 2012

EBIT margin

53.0%▲ 13.2pp

2011 · 39.7%

2009: 11.0% 2010: 41.1% 2011: 39.7%

2009 → 2012

Net result

€906k▲ 1,266%

2011 · €66k

2009: €14k 2010: €211k 2011: €66k

2009 → 2012

Working capital

€-10.27M▼ 35.7%

2011 · €-7.56M

2009: €-4.41M 2010: €-4.47M 2011: €-7.56M

2009 → 2012

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2009201020112012Trend

Turnover€1.02M-€874k▼ 14.5%€928k▲ 6.2%€1.13M▲ 21.4%

Equity€5.36M-€5.50M▲ 2.7%€5.52M▲ 0.3%€5.63M▲ 2.0%

Operating result€112k-€359k▲ 220%€369k▲ 2.7%€597k▲ 61.8%

Net result€14k-€211k▲ 1,427%€66k▼ 68.5%€906k▲ 1,266%

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2012 is 62% above 2011 and is the highest result in the available series.

Balance-sheet composition

2012 in colour, 2011 as the grey bar beneath

Assets €19.82M

99.9%

Fixed assets €19.80M ▲ 4.5%

Current assets €13k ▼ 42.2%

Equity and liabilities €19.82M

28.4%

71.6%

Equity €5.63M ▲ 2.0%

Debt €14.19M ▲ 5.4%

Debt's share of the balance-sheet total rises from 70.9% to 71.6%. Equity and debt are higher.

Key figures and ratios

2012 value · change against 2011

EBITDA

€616k▲

2011 · €371k

Cash flow

€925k▲

2011 · €69k

Current ratio

0.00▼

2011 · 0.00

Debt to equity

0.69▼

2011 · 1.05

ROE

16.1%▲

2011 · 1.2%

ROA

4.6%▲

2011 · 0.3%

Interest coverage

3.32▲

2011 · 1.29

Debt ≤ 1 year

€10.28M▲

2011 · €7.59M

Debt > 1 year

€3.88M▼

2011 · €5.82M

Income taxes

€155k▲

2011 · €29k

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

Filed annual accounts As filed with the NBB · 2012 against 2011 · 28 lines

Balance sheet Code20112012

Assets

Total assets20/58€18.98M€19.82M▲

Fixed assets21/28€18.96M€19.80M▲

Intangible fixed assets21€5k€37k▲

Tangible fixed assets22/27€3k€2k▼

Financial fixed assets28€18.95M€19.76M▲

Current assets29/58€23k€13k▼

Amounts receivable within one year40/41€22k€13k▼

Cash at bank and in hand54/58€786-

Equity and liabilities

Total equity and liabilities10/49€18.98M€19.82M▲

Equity10/15€5.52M€5.63M▲

Contributions10/11€5.31M€5.31M=

Reserves13€210k€260k▲

Profit (loss) carried forward14€440€60k▲

Amounts payable17/49€13.46M€14.19M▲

Amounts payable after more than one year17€5.82M€3.88M▼

Amounts payable within one year42/48€7.59M€10.28M▲

Trade debts44€25k€33k▲

Income statement Code20112012

Turnover70€928k€1.13M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€19k▲

Operating profit (loss)9901€369k€597k▲

Recurring financial income75€20k€651k▲

Recurring financial charges65€293k€187k▼

Debt charges650€287k€186k▼

Profit (loss) for the period before taxes9903€96k€1.06M▲

Income taxes67/77€29k€155k▲

Profit (loss) for the period9904€66k€906k▲

Profit (loss) for the period to be appropriated9905€66k€906k▲

Appropriation of the result

Return on contributions (dividend)694€48k€797k▲

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Timeline · acts, filings and financial milestones

All 13Financial 1Gazette 2Filings 10

2014

26-06

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 146 days late

07-02

State Gazette act General meeting · Merger

Accounting effect · Statutes amendment

2013

15-10

State Gazette act Merger · Accounting effect

04-07

NBB filing Annual accounts filed

fiscal year 2012 · full schema

2012

31-12

Financial Highest result since 2009net €906k ▲1266%

Operating result €597k, net result €906k, both a record.

28-06

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

30-06

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

01-07

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2009

27-06

NBB filing Annual accounts filed

fiscal year 2008 · full schema

2008

24-07

NBB filing Annual accounts filed

fiscal year 2007 · full schema

2007

31-08

NBB filing Annual accounts filed

fiscal year 2006 · full schema · 31 days late

2006

22-08

NBB filing Annual accounts filed

fiscal year 2005 · abbreviated schema · 22 days late

2005

29-09

NBB filing Annual accounts filed

fiscal year 2004 · abbreviated schema · 60 days late

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

Structure & network

Acquisitions and mergers

1 transaction

Taken over by:Keolis Vlaanderen

BE 0461.734.846merger by absorption · State Gazette act of 07-02-2014 (2 acts)