FRESHTRANS
InactiveFinancials · financial year 2019, full format
2019 annual accounts filed late (1 day) Filed on 30 April 2020, deadline 29 April 2020 (7 months after the close on 29 September 2019, Companies Code art. 3:10). Source: NBB, 2020-11500128.
Turnover
€3.4m▼ 13.0%
2018 · €3.9m
EBIT margin
9.0%▲ 4.1pp
2018 · 4.9%
Net result
€203,192▲ 63.8%
2018 · €124,074
Working capital
-€1.0m▼ 247%
2018 · -€302,070
Trend over the years
2018 to 2019, 2 financial years 2018 to 2019, 2 financial years
The operating result rises in 2019; 2019 is 60% above 2018.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€3.4m
2019
Operating result€0.3m
2019
Net result€0.2m
2019
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.5m
2019
Equity€2.1m
2019
Debt€4.4m
2019
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.0m
2019
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin9.0%
2019
Average staff in full-time equivalents (FTE).
Staff (FTE)33
2019
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Turnover€3.9m-€3.4m▼ 13.0%
Operating result€0.2m-€0.3m▲ 60.5%
Net result€0.1m-€0.2m▲ 63.8%
EBIT margin4.9%-9.0%▲ 4.1pp
Equity€1.9m-€2.1m▲ 10.8%
Total assets€3.9m-€6.5m▲ 66.2%
Debt€2.0m-€4.4m▲ 118%
Working capital-€0.3m--€1.0m▼ 247%
Staff (FTE)28.4-33▲ 16.2%
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €6.5m
Fixed assets
€3.2m ▲ 34.5%
Current assets
€3.3m ▲ 115%
Equity and liabilities €6.5m
Equity
€2.1m ▲ 10.8%
Debt
€4.4m ▲ 118%
Debt's share of the balance-sheet total rises from 51.8% to 67.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€835,991▲
2018 · €822,713
Cash flow
€732,156▼
2018 · €755,472
Current ratio
0.76▼
2018 · 0.84
Debt to equity
2.11▲
2018 · 0.09
ROE
9.7%▲
2018 · 6.6%
ROA
3.1%▼
2018 · 3.2%
Interest coverage
54.60▼
2018 · 71.56
Debt ≤ 1 year
€4.4m▲
2018 · €1.9m
Debt > 1 year
€25,185▼
2018 · €160,945
Income taxes
€85,000▲
2018 · €58,925
Staff costs
€996,158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Operating income70/76A | - | €4.2m | - |
| Turnover70 | €3.9m | €3.4m | ▼ 13.0% |
| Other operating income74 | - | €0.8m | - |
| Non-recurring operating income76A | - | €0.002m | - |
| Operating charges60/66A | - | €3.9m | - |
| Services and other goods61 | - | €2.2m | - |
| Remuneration, social security and pensions62 | - | €1.0m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.5m | ▼ 16.2% |
| Other operating charges640/8 | - | €0.1m | - |
| Operating profit (loss)9901 | €0.2m | €0.3m | ▲ 60.5% |
| Recurring financial income75 | €0.007m | - | - |
| Financial charges65/66B | - | €0.02m | - |
| Recurring financial charges65 | €0.02m | €0.02m | ▲ 24.4% |
| Debt charges650 | €0.01m | €0.02m | ▲ 33.2% |
| Other financial charges652/9 | - | €0.004m | - |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.3m | ▲ 57.5% |
| Income taxes67/77 | €0.06m | €0.09m | ▲ 44.3% |
| Taxes670/3 | - | €0.09m | - |
| Profit (loss) for the period9904 | €0.1m | €0.2m | ▲ 63.8% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | ▲ 63.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3.9m | €6.5m | ▲ 66.2% |
| Fixed assets21/28 | €2.4m | €3.2m | ▲ 34.5% |
| Tangible fixed assets22/27 | €2.4m | €3.2m | ▲ 34.3% |
| Furniture and vehicles24 | - | €2.7m | - |
| Leasing and similar rights25 | - | €0.5m | - |
| Financial fixed assets28 | - | €0.005m | - |
| Other financial fixed assets284/8 | - | €0.005m | - |
| Amounts receivable and cash guarantees285/8 | - | €0.005m | - |
| Current assets29/58 | €1.5m | €3.3m | ▲ 115% |
| Amounts receivable within one year40/41 | €1.5m | €3.3m | ▲ 120% |
| Trade receivables40 | - | €3.1m | - |
| Other amounts receivable41 | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.01m | €0.005m | ▼ 47.5% |
| Deferred charges and accrued income490/1 | - | €0.06m | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3.9m | €6.5m | ▲ 66.2% |
| Equity10/15 | €1.9m | €2.1m | ▲ 10.8% |
| Contributions10/11 | €0.02m | €0.02m | = |
| Capital10 | - | €0.02m | - |
| Issued capital100 | - | €0.02m | - |
| Reserves13 | €0.4m | €0.4m | = |
| Legal reserve130 | - | €0.002m | - |
| Tax-exempt reserves132 | - | €0.3m | - |
| Distributable reserves133 | - | €0.1m | - |
| Profit (loss) carried forward14 | €1.4m | €1.6m | ▲ 14.1% |
| Amounts payable17/49 | €2.0m | €4.4m | ▲ 118% |
| Amounts payable after more than one year17 | €0.2m | €0.03m | ▼ 84.4% |
| Financial debts170/4 | - | €0.03m | - |
| Leasing and similar obligations172 | - | €0.03m | - |
| Amounts payable within one year42/48 | €1.9m | €4.4m | ▲ 136% |
| Current portion of amounts payable after more than one year42 | - | €0.2m | - |
| Trade debts44 | €0.5m | €1.3m | ▲ 167% |
| Suppliers440/4 | - | €1.3m | - |
| Taxes, remuneration and social security45 | - | €0.2m | - |
| Taxes450/3 | - | €0.01m | - |
| Remuneration and social security454/9 | - | €0.2m | - |
| Other amounts payable47/48 | - | €2.7m | - |
| Accrued charges and deferred income492/3 | - | €0.02m | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.2m | ▲ 63.8% |
| + Depreciation and write-downs630 | €0.6m | €0.5m | ▼ 16.2% |
| Operating cash flow (approximation) | €0.8m | €0.7m | ▼ 3.1% |
| Investment in fixed assets (approximation) | - | -€1.3m | - |
| Change in cash | - | -€0.005m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 29-09-2019 | full format | 30-04-2020 | 2020-11500128 |
| 29-12-2018 | full format | 04-06-2019 | 2019-15900340 |
| 31-12-2017 | full format | 24-05-2018 | 2018-14000240 |
| 31-12-2016 | full format | 26-06-2017 | 2017-23200102 |
| 31-12-2015 | full format | 11-07-2016 | 2016-30600127 |
| 31-12-2014 | full format | 29-06-2015 | 2015-24200326 |
| 31-12-2013 | full format | 30-06-2014 | 2014-25000058 |
| 31-12-2012 | full format | 02-07-2013 | 2013-25600130 |
| 31-12-2011 | full format | 28-06-2012 | 2012-23600366 |
| 31-12-2010 | full format | 30-06-2011 | 2011-24000356 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.