FLANDERS TECHNICAL SERVICES (0434.451.023), In bankruptcy: annual accounts

FLANDERS TECHNICAL SERVICES

Ypres ·KBO/BCE: BE 0434.451.023

Line	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	22,806	20,927	25,493	27,780	30,775	37,814	40,371	40,111	41,282	45,458
Fixed assets`21/28`	2,030	322	638	520	309	-	33	74	185	172
Tangible fixed assets`22/27`	2,030	322	638	520	309	-	33	74	185	172
Plant, machinery and equipment`23`	-	-	-	-	-	-	33	74	185	172
Furniture and vehicles`24`	2,030	322	638	520	309	-	-	-	-	-
Current assets`29/58`	20,777	20,605	24,855	27,260	30,466	37,814	40,338	40,036	41,096	45,286
Amounts receivable within one year`40/41`	20,653	20,605	24,355	25,931	26,383	36,806	39,142	38,992	40,080	44,278
Trade receivables`40`	9,075	125	-	-	29	10,291	13,549	16,193	19,922	26,301
Other amounts receivable`41`	11,578	20,480	24,355	25,931	26,353	26,515	25,593	22,798	20,158	17,978
Cash at bank and in hand`54/58`	124	-	500	1,328	4,083	1,008	1,196	1,045	1,016	1,007
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	22,806	20,927	25,493	27,780	30,775	37,814	40,371	40,111	41,282	45,458
Equity`10/15`	21,631	18,921	22,525	25,158	25,152	23,819	22,130	20,576	20,564	21,080
Contributions`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Reserves`13`	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	2,488
Legal reserve`130`	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Distributable reserves`133`	-	-	-	-	-	-	-	-	-	628
Profit (loss) carried forward`14`	1,179	-1,530	2,074	4,707	4,701	3,368	1,679	125	113	-
Amounts payable`17/49`	1,176	2,006	2,968	2,622	5,623	13,995	18,241	19,534	20,717	24,378
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	1,470	4,347
Financial debts`170/4`	-	-	-	-	-	-	-	-	1,470	4,347
Amounts payable within one year`42/48`	1,176	1,912	2,871	2,537	5,529	13,995	17,956	19,259	18,997	20,031
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	1,470	2,877	2,755
Financial debts`43`	-	242	848	78	-	8,497	10,997	11,850	11,821	11,860
Credit institutions`430/8`	-	242	848	78	-	8,497	10,997	11,850	11,821	11,860
Trade debts`44`	-	1,670	1,987	2,087	1,247	1,085	2,338	2,972	3,266	3,435
Suppliers`440/4`	-	1,670	1,987	2,087	1,247	1,085	2,338	2,972	3,266	3,435
Advances received on contracts in progress`46`	-	-	-	-	-	-	817	-	-	-
Taxes, remuneration and social security`45`	1,176	-	36	371	1,282	813	1,054	1,468	283	1,482
Taxes`450/3`	1,176	-	36	371	1,282	813	1,054	1,468	283	1,482
Other amounts payable`47/48`	-	-	-	-	3,000	3,600	2,750	1,500	750	500
Accrued charges and deferred income`492/3`	-	94	97	85	94	-	285	275	250	-
Income statement
Gross operating margin`9900`	4,741	-542	-199	1,793	7,283	7,439	6,609	4,419	1,999	6,637
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,016	316	316	208	103	33	41	111	192	4,925
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	1,988	907	-	-	-	-	-	-	-
Other operating charges`640/8`	862	609	1,211	1,163	2,033	1,122	1,056	1,087	1,165	1,126
Operating profit (loss)`9901`	2,863	-3,455	-2,634	423	5,147	6,283	5,512	3,221	642	587
Financial income`75/76B`	-	-	-	0	277	572	880	1,222	1,425	1,792
Recurring financial income`75`	-	-	-	0	277	572	880	1,222	1,425	1,792
Financial charges`65/66B`	153	149	117	117	634	825	1,474	1,484	1,713	1,877
Recurring financial charges`65`	153	149	117	117	634	825	1,474	1,484	1,713	1,877
Profit (loss) for the period before taxes`9903`	2,710	-3,604	-2,750	307	4,791	6,030	4,918	2,959	353	502
Income taxes`67/77`	-	-	-118	300	458	742	613	1,447	119	400
Profit (loss) for the period`9904`	2,710	-3,604	-2,633	6	4,333	5,288	4,304	1,512	235	234
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	-	-	309
Profit (loss) for the period to be appropriated`9905`	2,710	-3,604	-2,633	6	4,333	5,288	4,304	1,512	235	543
Appropriation of the result
Profit (loss) to be appropriated`9906`	1,179	-1,530	2,074	4,707	7,701	6,968	4,429	1,625	235	543
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	628	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	43
To other reserves`6921`	-	-	-	-	-	-	-	-	-	43
Profit to be distributed`694/7`	-	-	-	-	3,000	3,600	2,750	1,500	750	500
Directors or managers`695`	-	-	-	-	3,000	3,600	2,750	1,500	750	500
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Financial year	Type	Filed	Reference	Document
31-12-2015	abbreviated format	27-08-2016	2016-50200010	PDF
31-12-2014	abbreviated format	31-07-2015	2015-38900402	PDF
31-12-2013	abbreviated format	20-06-2014	2014-20200348	PDF
31-12-2012	abbreviated format	24-06-2013	2013-22000344	PDF
31-12-2011	abbreviated format	31-07-2012	2012-36700290	PDF
31-12-2010	abbreviated format	28-07-2011	2011-35700601	PDF
31-12-2009	abbreviated format	30-08-2010	2010-47200409	PDF
31-12-2008	abbreviated format	29-08-2009	2009-69300335	PDF
31-12-2007	abbreviated format	31-08-2008	2008-70900008	PDF
31-12-2006	abbreviated format	26-07-2007	2007-47300334	PDF
31-12-2005	abbreviated format	25-07-2006	2006-52801775	PDF
31-12-2004	abbreviated format	14-07-2005	2005-48802816	PDF
31-12-2003	abbreviated format	05-10-2004	2004-71103914	PDF
31-12-2002	abbreviated format	06-08-2003	2003-60600717	PDF
31-12-2001	abbreviated format	18-11-2002	2002-72202899	PDF
31-12-2000	abbreviated format	29-10-2001	2001-67003784	PDF
31-12-1999	abbreviated format	17-10-2000	2000-65802775	PDF
31-12-1998	abbreviated format	10-11-1999	1999-58300460	PDF
31-12-1997	abbreviated format	22-12-1998	1998-62904346	PDF
31-12-1996	abbreviated format	06-01-1998	1998-00102619	PDF
31-12-1995	abbreviated format	24-12-1996	1996-54701265	PDF
31-12-1994	abbreviated format	06-07-1995	1995-36701471	PDF
31-12-1993	abbreviated format	13-12-1994	1994-49803119	PDF
31-12-1992	abbreviated format	31-12-1993	1993-48105266	PDF
31-12-1991	abbreviated format	11-01-1993	1993-00602689	PDF
31-12-1990	abbreviated format	13-12-1991	1991-32604561	PDF
31-12-1989	abbreviated format	22-05-1990	1990-05205381	PDF

Line	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	3,879	-3,139	-2,318	630	5,250	6,316	5,553	3,332	834	5,512
Cash flow	3,726	-3,288	-2,317	214	4,436	5,321	4,345	1,623	427	5,159
Investment in fixed assets (approximation)	3,046	0	434	419	412	0	0	0	206	-
Change in cash	-	-	-828	-2,755	3,075	-188	151	29	9	-
Working capital	19,601	18,693	21,984	24,723	24,937	23,819	22,383	20,777	22,099	25,255
Solvency	94.8%	90.4%	88.4%	90.6%	81.7%	63.0%	54.8%	51.3%	49.8%	46.4%
Current ratio	17.67	10.78	8.66	10.75	5.51	2.70	2.25	2.08	2.16	2.26
Debt to equity	0.05	0.11	0.13	0.10	0.22	0.59	0.82	0.95	1.01	1.16
ROE	12.5%	-19.0%	-11.7%	0.0%	17.2%	22.2%	19.4%	7.3%	1.1%	1.1%
ROA	11.9%	-17.2%	-10.3%	0.0%	14.1%	14.0%	10.7%	3.8%	0.6%	0.5%

FLANDERS TECHNICAL SERVICES

Annual accounts 2015

Balance sheet

Change in equityin euro

Change in cash

Filed annual accounts

Filings

Key figures and ratios

Insights on FLANDERS TECHNICAL SERVICES