FRAE 1000
InactiveSignals
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 · 10 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline01-10-2026 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 27-06-2018, 34 days ahead of the deadline.
NBB · 10 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 →
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 2017, full schema
Turnover
€35,613
EBIT margin
26.9%
Net result
€9,856▲ 81.0%
2016 · €5,447
Working capital
€260,125▲ 9.8%
2016 · €236,875
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20132014201520162017
Turnover€35,613-
Operating result€9,580-€10,793▲ 12.7%€11,181▲ 3.6%€11,150▼ 0.3%€11,855▲ 6.3%
Net result€5,665-€7,396▲ 30.6%€5,994▼ 19.0%€5,447▼ 9.1%€9,856▲ 81.0%
EBIT margin26.9%-
Equity€390,724-€398,120▲ 1.9%€404,114▲ 1.5%€409,561▲ 1.3%€419,417▲ 2.4%
Total assets€398,780-€412,792▲ 3.5%€418,827▲ 1.5%€418,574▼ 0.1%€426,510▲ 1.9%
Debt€8,057-€14,672▲ 82.1%€14,713▲ 0.3%€9,013▼ 38.7%€7,093▼ 21.3%
Working capital€177,046-€198,112▲ 11.9%€217,225▲ 9.6%€236,875▲ 9.0%€260,125▲ 9.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2017; 2017 is 6% above 2016 and is the highest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €426,510
Fixed assets
€160,101 ▼ 7.7%
Current assets
€266,409 ▲ 8.7%
Equity and liabilities €426,510
Equity
€419,417 ▲ 2.4%
Debt
€7,093 ▼ 21.3%
Debt's share of the balance-sheet total falls from 2.2% to 1.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,249▲
2016 · €24,544
Cash flow
€23,250▲
2016 · €18,841
Current ratio
42.40▲
2016 · 29.88
ROE
2.3%▲
2016 · 1.3%
ROA
2.3%▲
2016 · 1.3%
Debt ≤ 1 year
€6,284▼
2016 · €8,203
Income taxes
€3,230▼
2016 · €7,007
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €35,613 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,394 | €13,394 | €13,394 | €13,394 | €13,394 | = |
| Gross operating margin9900 | €25,355 | €26,588 | €27,032 | €27,012 | €27,756 | ▲ 2.8% |
| Operating profit (loss)9901 | €9,580 | €10,793 | €11,181 | €11,150 | €11,855 | ▲ 6.3% |
| Recurring financial income75 | €3,843 | €3,337 | €2,052 | €1,393 | €1,406 | ▲ 1.0% |
| Recurring financial charges65 | €94 | €95 | €106 | €89 | €175 | ▲ 97.0% |
| Profit (loss) for the period before taxes9903 | €13,329 | €14,035 | €13,128 | €12,453 | €13,086 | ▲ 5.1% |
| Income taxes67/77 | €7,664 | €6,638 | €7,133 | €7,007 | €3,230 | ▼ 53.9% |
| Profit (loss) for the period9904 | €5,665 | €7,396 | €5,994 | €5,447 | €9,856 | ▲ 81.0% |
| Profit (loss) for the period to be appropriated9905 | €5,665 | €7,396 | €5,994 | €5,447 | €9,856 | ▲ 81.0% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €398,780 | €412,792 | €418,827 | €418,574 | €426,510 | ▲ 1.9% |
| Fixed assets21/28 | €213,677 | €200,283 | €186,889 | €173,495 | €160,101 | ▼ 7.7% |
| Tangible fixed assets22/27 | €213,677 | €200,283 | €186,889 | €173,495 | €160,101 | ▼ 7.7% |
| Current assets29/58 | €185,103 | €212,509 | €231,938 | €245,078 | €266,409 | ▲ 8.7% |
| Amounts receivable within one year40/41 | €133,863 | €137,200 | €139,252 | €140,645 | €146,630 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €51,241 | €75,309 | €92,686 | €104,434 | €119,667 | ▲ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €398,780 | €412,792 | €418,827 | €418,574 | €426,510 | ▲ 1.9% |
| Equity10/15 | €390,724 | €398,120 | €404,114 | €409,561 | €419,417 | ▲ 2.4% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Reserves13 | €94,745 | €102,745 | €108,745 | €114,245 | €124,245 | ▲ 8.8% |
| Profit (loss) carried forward14 | €979 | €375 | €369 | €316 | €172 | ▼ 45.5% |
| Amounts payable17/49 | €8,057 | €14,672 | €14,713 | €9,013 | €7,093 | ▼ 21.3% |
| Amounts payable within one year42/48 | €8,057 | €14,397 | €14,713 | €8,203 | €6,284 | ▼ 23.4% |
| Trade debts44 | €1,257 | €5,647 | €5,463 | €5,809 | €6,284 | ▲ 8.2% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,665 | €7,396 | €5,994 | €5,447 | €9,856 | ▲ 81.0% |
| + Depreciation and write-downs630 | €13,394 | €13,394 | €13,394 | €13,394 | €13,394 | = |
| Operating cash flow (approximation) | €19,059 | €20,790 | €19,388 | €18,841 | €23,250 | ▲ 23.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €24,068 | €17,377 | €11,748 | €15,234 | ▲ 29.7% |
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
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-12
Financial
Highest result since 2013net €9,856 ▲81%
Operating result €11,855, net result €9,856, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
31-12
Financial
Weakest financial yearnet €5,447 ▼9.1%
Net result drops to €5,447, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
04-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 4 days late
2014
23-12
State Gazette act
Merger · Corporate purpose
Capital · Accounting effect
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
22-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
19-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 19 days late
2010
24-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 24 days late
2009
27-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 27 days late
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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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 23-12-2014100%
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:HOLDING PCS