FLR
InactiveInactive; last annual accounts for fiscal year 2013.
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 30-06-2013. Since then, 12 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
30-06-2014 close31-01-2015 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2013 was due by 31-01-2014 and was filed on 15-10-2013, 108 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not filed
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 2013, full schema
Turnover
€1.5m▼ 54.2%
2012 · €3.4m
EBIT margin
0.1%▲ 0.2pp
2012 · -0.1%
Net result
-€14,743▲ 72.0%
2012 · -€52,732
Working capital
-€564,919▼ 9.2%
2012 · -€517,247
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
Line201120122013
Turnover€3.3m-€3.4m▲ 3.7%€1.5m▼ 54.2%
Operating result€71,582--€2,905€2,179
Net result€3,304--€52,732-€14,743▲ 72.0%
EBIT margin2.2%--0.1%▼ 2.3pp0.1%▲ 0.2pp
Equity€65,804-€13,072▼ 80.1%-€1,671
Total assets€1.5m-€3.7m▲ 145%€3.6m▼ 1.4%
Debt€1.4m-€3.6m▲ 160%€3.6m▲ 0.1%
Working capital€306,168--€517,247-€564,919▼ 9.2%
Staff (FTE)25.9-35.1▲ 35.5%33.4▼ 4.8%
Why a figure moved sharply
- 2013 Turnover -54% on 2012. Cause not known from the registers.
- 2012 Total assets +145% on 2011. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2013: €2,179 after a loss of €2,905 in 2012.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €3.6m
Fixed assets
€2.4m ▼ 0.2%
Current assets
€1.2m ▼ 3.7%
Key figures and ratios
EBITDA
€64,677▼
2012 · €117,818
Cash flow
€47,754▼
2012 · €67,991
Solvency
0.0%▼
2012 · 0.4%
Current ratio
0.68▼
2012 · 0.71
Quick ratio
0.40▼
2012 · 0.49
ROA
-0.4%▲
2012 · -1.4%
Interest coverage
8.52▲
2012 · 2.82
Debt ≤ 1 year
€1.8m▲
2012 · €1.8m
Debt > 1 year
€1.9m=
2012 · €1.9m
Income taxes
€6,079▲
2012 · €1,082
A ratio outside any meaningful range has been withheld (balance sheet total €3.6m, equity -€1,671).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|
| Turnover70 | €3.3m | €3.4m | €1.5m | ▼ 54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108,062 | €120,723 | €62,497 | ▼ 48.2% |
| Operating profit (loss)9901 | €71,582 | -€2,905 | €2,179 | ▲ 175% |
| Recurring financial income75 | €2,878 | €3,033 | €555 | ▼ 81.7% |
| Recurring financial charges65 | €46,053 | €51,778 | €11,399 | ▼ 78.0% |
| Debt charges650 | €14,174 | €41,746 | €7,591 | ▼ 81.8% |
| Profit (loss) for the period before taxes9903 | €28,408 | -€51,650 | -€8,664 | ▲ 83.2% |
| Income taxes67/77 | €25,104 | €1,082 | €6,079 | ▲ 462% |
| Profit (loss) for the period9904 | €3,304 | -€52,732 | -€14,743 | ▲ 72.0% |
| Profit (loss) for the period to be appropriated9905 | €3,304 | -€52,732 | -€14,743 | ▲ 72.0% |
| Line | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.5m | €3.7m | €3.6m | ▼ 1.4% |
| Fixed assets21/28 | €345,048 | €2.4m | €2.4m | ▼ 0.2% |
| Intangible fixed assets21 | €154,080 | €122,674 | €105,843 | ▼ 13.7% |
| Tangible fixed assets22/27 | €172,779 | €2.3m | €2.3m | ▲ 0.5% |
| Financial fixed assets28 | €18,188 | €188 | €306 | ▲ 62.5% |
| Current assets29/58 | €1.2m | €1.2m | €1.2m | ▼ 3.7% |
| Stocks and contracts in progress3 | €395,458 | €377,031 | €493,557 | ▲ 30.9% |
| Amounts receivable within one year40/41 | €627,189 | €758,248 | €569,518 | ▼ 24.9% |
| Cash at bank and in hand54/58 | €122,499 | €74,573 | €104,776 | ▲ 40.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.5m | €3.7m | €3.6m | ▼ 1.4% |
| Equity10/15 | €65,804 | €13,072 | -€1,671 | ▼ 113% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €3,304 | €3,304 | €3,304 | = |
| Profit (loss) carried forward14 | - | -€52,732 | -€67,475 | ▼ 28.0% |
| Provisions and deferred taxes16 | €40,000 | €40,000 | €1,528 | ▼ 96.2% |
| Amounts payable17/49 | €1.4m | €3.6m | €3.6m | ▲ 0.1% |
| Amounts payable after more than one year17 | €541,902 | €1.9m | €1.9m | = |
| Amounts payable within one year42/48 | €848,586 | €1.8m | €1.8m | ▲ 0.1% |
| Trade debts44 | €435,692 | €964,601 | €555,358 | ▼ 42.4% |
| Line | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,304 | -€52,732 | -€14,743 | ▲ 72.0% |
| + Depreciation and write-downs630 | €108,062 | €120,723 | €62,497 | ▼ 48.2% |
| Operating cash flow (approximation) | €111,366 | €67,991 | €47,754 | ▼ 29.8% |
| Investment in fixed assets (approximation) | - | -€2.2m | -€57,361 | ▲ 97.4% |
| Change in cash | - | -€47,926 | €30,203 | ▲ 163% |
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
2013
15-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
27-03
State Gazette act
Merger · Accounting effect
Name change · Capital
30-01
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
30-06
Financial
Weakest financial yearnet -€52,732
Net result drops to -€52,732, the lowest in the series.
2011
07-12
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceact 27-03-2013100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:MECANIQUE RESSORT BELGIQUE