FLORA
Dissolution or liquidationFinancials · financial year 2016, full format
Annual accounts 2016 filed on 24-07-2017 PDF all 11 filings
Turnover
≈ €520,000
Estimated: probably between €320,000 and €980,000
EBIT margin
Not included in this filing
Net result
-€38,567▼ 1.0%
2015 · -€38,195
Working capital
€267,575▼ 10.9%
2015 · €300,434
Multi-year overview
2012 to 2016, 5 financial yearsOperating result
-€46,609
▼ 12.7%
2016
20122016
Net result
-€38,567
▼ 1.0%
2016
20122016
Equity
€234,531
▼ 14.1%
2016
20122016
Total assets
€336,189
▼ 23.7%
2016
20122016
Debt
€72,491
▼ 47.5%
2016
20122016
Working capital
€267,575
▼ 10.9%
2016
20122016
Staff (FTE)
5.6
▼ 3.4%
2016
20122016
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Operating result€16,820-€37,337▲ 122%-€21,221-€41,345▼ 94.8%-€46,609▼ 12.7%
Net result€33,103-€40,297▲ 21.7%€208▼ 99.5%-€38,195-€38,567▼ 1.0%
Equity€270,788-€311,085▲ 14.9%€311,293▲ 0.1%€273,098▼ 12.3%€234,531▼ 14.1%
Total assets€464,038-€450,516▼ 2.9%€463,854▲ 3.0%€440,448▼ 5.0%€336,189▼ 23.7%
Debt€163,847-€110,264▼ 32.7%€123,394▲ 11.9%€138,183▲ 12.0%€72,491▼ 47.5%
Working capital€306,930-€344,133▲ 12.1%€340,018▼ 1.2%€300,434▼ 11.6%€267,575▼ 10.9%
Staff (FTE)7.4-7.8▲ 5.4%7.1▼ 9.0%5.8▼ 18.3%5.6▼ 3.4%
The operating result for 2016 is a loss of €46,609, larger than the loss of €41,345 in 2015. It is the lowest result since 2012.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Equity and liabilities €336,189
Equity
€234,531 ▼ 14.1%
Provisions
€29,167 =
Debt
€72,491 ▼ 47.5%
Debt's share of the balance-sheet total falls from 31.4% to 21.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€41,752▼
2015 · -€41,142
Cash flow
-€33,710▲
2015 · -€37,992
Current ratio
4.90▲
2015 · 3.22
Debt to equity
0.31▼
2015 · 0.51
ROE
-16.4%▼
2015 · -14.0%
ROA
-11.5%▼
2015 · -8.7%
Interest coverage
-588.06▲
2015 · -914.27
Debt ≤ 1 year
€68,614▼
2015 · €135,157
Staff costs
€247,787▼
2015 · €348,438
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €348,438 | €247,787 | ▼ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,012 | €203 | €4,857 | ▲ 24× |
| Gross operating margin9900 | €423,712 | €473,150 | €461,631 | €307,296 | €206,035 | ▼ 33.0% |
| Operating profit (loss)9901 | €16,820 | €37,337 | -€21,221 | -€41,345 | -€46,609 | ▼ 12.7% |
| Recurring financial income75 | €2,597 | €2,520 | €1,870 | €623 | €303 | ▼ 51.4% |
| Recurring financial charges65 | €30 | €57 | €54 | €45 | €71 | ▲ 57.8% |
| Profit (loss) for the period before taxes9903 | €19,387 | €39,800 | -€19,405 | - | - | - |
| Profit (loss) for the period9904 | €33,103 | €40,297 | €208 | -€38,195 | -€38,567 | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | - | €40,297 | €208 | -€38,195 | -€38,567 | ▼ 1.0% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €464,038 | €450,516 | €463,854 | €440,448 | €336,189 | ▼ 23.7% |
| Fixed assets21/28 | - | - | €5,061 | €4,857 | - | - |
| Tangible fixed assets22/27 | - | - | €5,061 | €4,857 | - | - |
| Furniture and vehicles24 | - | - | - | €4,857 | - | - |
| Current assets29/58 | €464,038 | €450,516 | €458,793 | €435,591 | €336,189 | ▼ 22.8% |
| Amounts receivable within one year40/41 | €152,047 | €82,154 | €239,036 | €169,948 | €183,775 | ▲ 8.1% |
| Trade receivables40 | - | - | - | €9,428 | €7,590 | ▼ 19.5% |
| Other amounts receivable41 | - | - | - | €160,520 | €176,185 | ▲ 9.8% |
| Cash at bank and in hand54/58 | €311,299 | €368,158 | €219,553 | €265,618 | €151,755 | ▼ 42.9% |
| Deferred charges and accrued income490/1 | - | - | - | €25 | €659 | ▲ 26× |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €464,038 | €450,516 | €463,854 | €440,448 | €336,189 | ▼ 23.7% |
| Equity10/15 | €270,788 | €311,085 | €311,293 | €273,098 | €234,531 | ▼ 14.1% |
| Reserves13 | - | - | - | €35,000 | €35,000 | = |
| Profit (loss) carried forward14 | €235,788 | €276,085 | €276,293 | €238,098 | €199,531 | ▼ 16.2% |
| Provisions and deferred taxes16 | €29,403 | €29,167 | €29,167 | €29,167 | €29,167 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €29,167 | €29,167 | = |
| Amounts payable17/49 | €163,847 | €110,264 | €123,394 | €138,183 | €72,491 | ▼ 47.5% |
| Amounts payable after more than one year17 | €2,839 | €2,839 | €2,839 | - | - | - |
| Amounts payable within one year42/48 | €157,108 | €106,384 | €118,775 | €135,157 | €68,614 | ▼ 49.2% |
| Trade debts44 | €22,312 | €25,386 | €11,593 | €10,085 | €37,068 | ▲ 268% |
| Suppliers440/4 | - | - | - | €10,085 | €37,068 | ▲ 268% |
| Taxes, remuneration and social security45 | - | - | - | €44,868 | €31,427 | ▼ 30.0% |
| Taxes450/3 | - | - | - | - | €887 | - |
| Remuneration and social security454/9 | - | - | - | €44,868 | €30,540 | ▼ 31.9% |
| Accrued charges and deferred income492/3 | - | - | - | €3,026 | €3,877 | ▲ 28.1% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,103 | €40,297 | €208 | -€38,195 | -€38,567 | ▼ 1.0% |
| + Depreciation and write-downs630 | - | - | €1,012 | €203 | €4,857 | ▲ 24× |
| Operating cash flow (approximation) | €33,103 | €40,297 | €1,220 | -€37,992 | -€33,710 | ▲ 11.3% |
| Investment in fixed assets (approximation) | - | - | - | €1 | - | - |
| Change in cash | - | €56,859 | -€148,605 | €46,065 | -€113,863 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2016 | full format | 24-07-2017 | 2017-35000550 | |
| 31-12-2015 | full format | 28-09-2016 | 2016-63200334 | |
| 31-12-2014 | full format | 16-07-2015 | 2015-31500380 | |
| 31-12-2013 | full format | 01-08-2014 | 2014-38900449 | |
| 31-12-2012 | full format | 16-07-2013 | 2013-31200223 | |
| 31-12-2011 | full format | 17-07-2012 | 2012-30600103 | |
| 31-12-2010 | full format | 14-07-2011 | 2011-30300102 | |
| 31-12-2009 | full format | 16-06-2010 | 2010-17800060 | |
| 31-12-2008 | full format | 26-06-2009 | 2009-27300207 | |
| 31-12-2007 | full format | 20-06-2008 | 2008-25200176 |