FLOW
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 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 05-06-2018, 56 days ahead of the deadline.
NBB · 9 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 →
Checked, nothing found (1)
Financials · fiscal year 2017, abbreviated schema
Equity
€1.12M▲ 88.7%
2016 · €595k
2013: €790k
2014: €847k
2015: €457k
2016: €595k
2013 → 2017
Total assets
€4.24M▲ 22.3%
2016 · €3.47M
2013: €1.42M
2014: €2.53M
2015: €2.58M
2016: €3.47M
2013 → 2017
Net result
€528k▲ 282%
2016 · €138k
2013: €50k
2014: €57k
2015: €-390k
2016: €138k
2013 → 2017
Working capital
€497k▲ 183%
2016 · €176k
2013: €773k
2014: €599k
2015: €129k
2016: €176k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Equity€790k-€847k▲ 7.2%€457k▼ 46.0%€595k▲ 30.2%€1.12M▲ 88.7%
Operating result€68k-€74k▲ 9.7%€-351k€167k€549k▲ 228%
Net result€50k-€57k▲ 12.9%€-390k€138k€528k▲ 282%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2015 the operating result has climbed two years in a row; 2017 is 228% above 2016 and is the highest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €4.24M
Fixed assets
€980k ▲ 15.5%
Current assets
€3.26M ▲ 24.5%
Equity and liabilities €4.24M
Equity
€1.12M ▲ 88.7%
Debt
€3.12M ▲ 8.5%
Debt's share of the balance-sheet total falls from 82.8% to 73.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€746k▲
2016 · €350k
Cash flow
€724k▲
2016 · €320k
Current ratio
1.18▲
2016 · 1.07
Debt to equity
0.25▼
2016 · 0.68
ROE
47.0%▲
2016 · 23.2%
ROA
12.5%▲
2016 · 4.0%
Debt ≤ 1 year
€2.76M▲
2016 · €2.44M
Debt > 1 year
€283k▼
2016 · €403k
Income taxes
€1k▲
2016 · €421
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 · 2017 against 2016 · 27 lines
Balance sheet
Code20162017
Assets
Total assets20/58€3.47M€4.24M▲
Fixed assets21/28€849k€980k▲
Intangible fixed assets21€640k€813k▲
Tangible fixed assets22/27€197k€155k▼
Financial fixed assets28€12k€12k=
Current assets29/58€2.62M€3.26M▲
Stocks and contracts in progress3€667k€1.43M▲
Amounts receivable within one year40/41€1.53M€1.10M▼
Cash at bank and in hand54/58€413k€715k▲
Equity and liabilities
Total equity and liabilities10/49€3.47M€4.24M▲
Equity10/15€595k€1.12M▲
Contributions10/11€69k€69k=
Reserves13€19k€19k=
Profit (loss) carried forward14€415k€943k▲
Amounts payable17/49€2.87M€3.12M▲
Amounts payable after more than one year17€403k€283k▼
Amounts payable within one year42/48€2.44M€2.76M▲
Trade debts44€543k€586k▲
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€182k€196k▲
Gross operating margin9900€1.07M€1.32M▲
Operating profit (loss)9901€167k€549k▲
Recurring financial income75€805€6k▲
Recurring financial charges65€30k€26k▼
Profit (loss) for the period before taxes9903€139k€529k▲
Income taxes67/77€421€1k▲
Profit (loss) for the period9904€138k€528k▲
Profit (loss) for the period to be appropriated9905€138k€528k▲
Timeline · acts, filings and financial milestones
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-12
Financial
Highest result since 2013net €528k ▲282%
Operating result €549k, net result €528k, both a record.
31-12
Financial
Equity above €1MEq €1.12M ▲88.7%
2 profitable years in a row build equity to €1.12M.
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-12
Financial
Back to profitnet €138k
Net result €138k after one loss-making year.
31-12
Financial
Equity above €500kEq €595k ▲30.2%
Equity rises from €457k to €595k.
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
23-03
State Gazette act
General meeting · Registered-office move
Capital increase · Capital · Peter VAN MELKEBEKE
2015
31-12
Financial
Weakest financial yearnet €-390k
Net result drops to €-390k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
20-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
20-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Show earlier events
2012
27-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
28-10
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 89 days late
2010
23-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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