FRALU

Open bankruptcy

Private limited company (pre-2019)founded 1990Waterhoennest(Bis) 82A, 8501 Kortrijk, BelgiumKBO/BCE: BE 0441.875.481

A bankruptcy procedure is open for FRALU according to publications in the Belgian Official Gazette; trustee: Guy Delabie.

Summary

The 2013 annual accounts show equity of €101,388 and a net result of -€93,547.

Follow Report

FRALUOpen bankruptcy

Report

Financials · financial year 2013, abbreviated format

Turnover

≈ €120,000

Estimated: probably between €49,000 and €290,000

Total assets

€336,032▼ 27.6%

2012 · €463,995

Net result

-€93,547▼ 392%

2012 · -€19,027

Working capital

-€172,046▼ 23.3%

2012 · -€139,494

Trend over the years

Last 5 years All years

2010 to 2013, 4 financial years 2010 to 2013, 4 financial years

The operating result stays negative: a loss of €9,042 in 2013 against €8,894 in 2012; the loss grows and 2013 has the lowest result in the available series.

Turnover and resultEquity and debtWorking capital

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€9,042 2013 Net result-€93,547 2013

Every figure with its change against the financial year before

favourable unfavourable

Line2010201120122013

Operating result-€3,381-€125,833-€8,894-€9,042▼ 1.7%

Net result-€8,163-€69,662-€19,027-€93,547▼ 392%

Equity€196,113-€213,962▲ 9.1%€194,935▼ 8.9%€101,388▼ 48.0%

Total assets€696,321-€497,227▼ 28.6%€463,995▼ 6.7%€336,032▼ 27.6%

Debt€500,208-€260,351▼ 48.0%€246,147▼ 5.5%€234,644▼ 4.7%

Working capital-€184,964--€110,071▲ 40.5%-€139,494▼ 26.7%-€172,046▼ 23.3%

Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2013 in colour, 2012 as the grey bar beneath

Assets €336,032

99.3%

Fixed assets €333,667 ▼ 26.8%

Current assets €2,366 ▼ 70.1%

Equity and liabilities €336,032

30.2%

69.8%

Equity €101,388 ▼ 48.0%

Provisions €0 ▼ 100%

Debt €234,644 ▼ 4.7%

Debt's share of the balance-sheet total rises from 53.0% to 69.8%. Equity and debt are lower.

Key figures and ratios

2013 value · change against 2012

EBITDA

€13,382▼

2012 · €21,850

Cash flow

-€71,122▼

2012 · €11,716

Current ratio

0.01▼

2012 · 0.05

Debt to equity

0.59▲

2012 · 0.51

ROE

-92.3%▼

2012 · -9.8%

ROA

-27.8%▼

2012 · -4.1%

Debt ≤ 1 year

€174,412▲

2012 · €147,398

Debt > 1 year

€60,232▼

2012 · €98,749

Income taxes

€170▲

2012 · €79

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2013 against 2012 · 26 lines

Balance sheet Code20122013

Assets

Total assets20/58€463,995€336,032▼

Fixed assets21/28€456,091€333,667▼

Tangible fixed assets22/27€356,041€333,617▼

Financial fixed assets28€100,050€50▼

Current assets29/58€7,904€2,366▼

Amounts receivable within one year40/41€4,114€121▼

Cash at bank and in hand54/58€1,706€835▼

Equity and liabilities

Total equity and liabilities10/49€463,995€336,032▼

Equity10/15€194,935€101,388▼

Contributions10/11€18,590€18,590=

Reserves13€50,936€6,456▼

Profit (loss) carried forward14-€79,803-€128,870▼

Provisions and deferred taxes16€22,914-

Amounts payable17/49€246,147€234,644▼

Amounts payable after more than one year17€98,749€60,232▼

Amounts payable within one year42/48€147,398€174,412▲

Trade debts44€12,099€14,926▲

Income statement Code20122013

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30,743€22,424▼

Gross operating margin9900€23,666€17,607▼

Operating profit (loss)9901-€8,894-€9,042▼

Recurring financial income75€1€56▲

Recurring financial charges65€10,056€7,304▼

Profit (loss) for the period before taxes9903-€18,948-€116,291▼

Income taxes67/77€79€170▲

Profit (loss) for the period9904-€19,027-€93,547▼

Profit (loss) for the period to be appropriated9905-€19,027-€49,067▼

Line	2010	2011	2012	2013	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€46,529	€32,346	€30,743	€22,424	▼ 27.1%
Gross operating margin9900	€41,024	€161,757	€23,666	€17,607	▼ 25.6%
Operating profit (loss)9901	-€3,381	€125,833	-€8,894	-€9,042	▼ 1.7%
Recurring financial income75	€9,844	€93	€1	€56	▲ 48×
Recurring financial charges65	€14,626	€19,831	€10,056	€7,304	▼ 27.4%
Profit (loss) for the period before taxes9903	-€8,163	€106,095	-€18,948	-€116,291	▼ 514%
Income taxes67/77	€0	€13,519	€79	€170	▲ 115%
Profit (loss) for the period9904	-€8,163	€69,662	-€19,027	-€93,547	▼ 392%
Profit (loss) for the period to be appropriated9905	-€8,163	€25,183	-€19,027	-€49,067	▼ 158%

Line	2010	2011	2012	2013	Change
Assets
Total assets20/58	€696,321	€497,227	€463,995	€336,032	▼ 27.6%
Fixed assets21/28	€596,125	€486,834	€456,091	€333,667	▼ 26.8%
Tangible fixed assets22/27	€496,075	€386,785	€356,041	€333,617	▼ 6.3%
Financial fixed assets28	€100,050	€100,050	€100,050	€50	▼ 100.0%
Current assets29/58	€100,196	€10,393	€7,904	€2,366	▼ 70.1%
Stocks and contracts in progress3	€120	-	-	-	-
Amounts receivable within one year40/41	€99,384	€5,463	€4,114	€121	▼ 97.1%
Cash at bank and in hand54/58	€692	€4,930	€1,706	€835	▼ 51.1%
Equity and liabilities
Total equity and liabilities10/49	€696,321	€497,227	€463,995	€336,032	▼ 27.6%
Equity10/15	€196,113	€213,962	€194,935	€101,388	▼ 48.0%
Contributions10/11	€18,590	€18,590	€18,590	€18,590	=
Reserves13	€6,456	€50,936	€50,936	€6,456	▼ 87.3%
Profit (loss) carried forward14	-€85,958	-€60,775	-€79,803	-€128,870	▼ 61.5%
Provisions and deferred taxes16	-	€22,914	€22,914	-	-
Amounts payable17/49	€500,208	€260,351	€246,147	€234,644	▼ 4.7%
Amounts payable after more than one year17	€215,048	€139,887	€98,749	€60,232	▼ 39.0%
Amounts payable within one year42/48	€285,160	€120,464	€147,398	€174,412	▲ 18.3%
Trade debts44	€17,013	€7,690	€12,099	€14,926	▲ 23.4%

Line	2010	2011	2012	2013	Change
Profit (loss) for the period9904	-€8,163	€69,662	-€19,027	-€93,547	▼ 392%
+ Depreciation and write-downs630	€46,529	€32,346	€30,743	€22,424	▼ 27.1%
Operating cash flow (approximation)	€38,367	€102,008	€11,716	-€71,122	-
Investment in fixed assets (approximation)	-	€76,945	€0	€100,000	-
Change in cash	-	€4,238	-€3,224	-€871	▲ 73.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 23 filings with the National Bank

Financial year	Type	Filed	Reference
30-06-2013	abbreviated format	04-06-2014	2014-15100088
30-06-2012	abbreviated format	03-05-2013	2013-11300205
30-06-2011	abbreviated format	17-02-2012	2012-03900089
30-06-2010	abbreviated format	09-03-2011	2011-05600384
30-06-2009	abbreviated format	15-02-2010	2010-04800240
30-06-2008	abbreviated format	12-03-2009	2009-07500313
30-06-2007	abbreviated format	15-02-2008	2008-04600334
30-06-2006	abbreviated format	12-02-2007	2007-04702835
30-06-2005	abbreviated format	31-01-2006	2006-04002363
30-06-2004	abbreviated format	28-01-2005	2005-03501227

Show all 23 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.