FULL FORCE

Inactive KBO/BCE: BE 0457.063.802

FULL FORCE

Follow Report

Overview

Lifetime

7 annual accounts with figures on one time axis, 17 filings since 1996

Gross marginpeak €119,071 (2009)

-€65,973▼ €144,113

Resultlowest -€496,021 (2007)

-€267,463▼ €287,361

Equitypeak €290,606 (2012)

€23,143▼ 92.0%

Debts

€156,546▼ 5.8%

Documentsfilings and deeds

09-05-2014filed

2013abbreviated format

Gross margin from €78,140 to -€65,973Loss of €267,463Equity from €290,606 to €23,143Cash from €14,660 to €30,006

Key points

from the 2013 annual accounts, the last ones filed

Equity

€23,143 from €290,606 in 2012

Equity fell by 92% in 1 year.

Filings

17 annual accounts since 1996

Two of the last ten came late. The 2012 accounts came latest: 13 days after the end of the period.

No scoreTurnover not published (abbreviated format)

Recent changes

01-10-2014

Deed on the end Gazette deed

10-02-1996

Incorporation 19 publications in the Belgian Official Gazette, the last on 01-10-2014 · Gazette deed

All 23 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 10-02-1996 · last publication under the heading End on 01-10-2014
Activity: No activity registered in the KBO
Financial year end: 30 September
Peppol: Not found in the Peppol Directory

Company details

Annual accounts to 30-09-2013

Gross margin: -€65,973
Loss: €267,463
Equity: €23,143▼ 92.0%
Total assets: €864,821▼ 24.7%
Filing: Filed on 09-05-2014

Financials

Insights on FULL FORCE

Inactive. The last annual accounts are for financial year 2013.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2013

abbreviated format, filed on 09-05-2014, 9 days late

Gross margin

-€65,973

▼ €144,113

Operating result

-€87,989

▼ €119,371

EBITDA

-€61,126

▼ €142,221

Cash flow

-€240,600

▼ €310,211

Solvency

2.7%

▼ 22.6 percentage points

Current ratio

1.66

▼ 0.52

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Money flows

no detail for 2013

Balance sheet

balance sheet total €864,821 on 30-09-2013

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2013	2012	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	864,821	1.1m	1.1m	947,153	882,303	774,629	1.1m
Fixed assets`21/28`	605,399	791,330	696,865	731,478	692,733	447,981	1.1m
Tangible fixed assets`22/27`	602,816	638,849	408,553	422,393	420,957	135,554	128,241
Land and buildings`22`	595,512	614,188	388,224	394,659	412,720	122,730	127,518
Plant, machinery and equipment`23`	1,379	1,509	1,964	3,247	2,114	579	723
Furniture and vehicles`24`	5,925	12,652	18,365	24,487	6,123	12,246	-
Assets under construction and advance payments`27`	-	10,500	-	-	-	-	-
Financial fixed assets`28`	2,583	152,481	288,312	309,085	271,776	312,426	925,919
Current assets`29/58`	259,422	357,256	364,295	215,675	189,570	326,648	92,987
Amounts receivable within one year`40/41`	211,741	311,395	182,522	75,406	82,053	93,580	35,704
Trade receivables`40`	41,896	41,318	43,661	9,211	21,158	31,544	33,478
Other amounts receivable`41`	169,845	270,077	138,861	66,195	60,895	62,036	2,226
Current investments`50/53`	2,097	14,683	116,444	102,607	49,263	182,721	14,775
Cash at bank and in hand`54/58`	30,006	14,660	61,778	34,979	54,098	46,519	41,317
Deferred charges and accrued income`490/1`	15,578	16,518	3,551	2,683	4,156	3,828	1,191
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	864,821	1.1m	1.1m	947,153	882,303	774,629	1.1m
Equity`10/15`	23,143	290,606	32,308	46,626	245	14,345	161,866
Contributions`10/11`	367,250	367,250	367,250	367,250	367,250	367,250	18,750
Issued capital`100`	367,250	367,250	367,250	367,250	367,250	367,250	18,750
Revaluation surpluses`12`	238,400	238,400	-	-	-	-	-
Reserves`13`	142,875	142,875	142,875	142,875	142,875	142,875	142,875
Legal reserve`130`	1,875	1,875	1,875	1,875	1,875	1,875	1,875
Distributable reserves`133`	141,000	141,000	141,000	141,000	141,000	141,000	141,000
Profit (loss) carried forward`14`	-725,382	-457,919	-477,817	-463,499	-509,880	-495,780	241
Provisions and deferred taxes`16`	685,132	691,870	699,918	704,297	708,469	712,441	716,225
Provisions for liabilities and charges`160/5`	685,132	691,870	699,918	704,297	708,469	712,441	716,225
Amounts payable`17/49`	156,546	166,110	328,934	196,230	173,589	47,843	269,056
Amounts payable after more than one year`17`	-	2,084	45,833	-	102,771	7,313	-
Financial debts`170/4`	-	2,084	45,833	-	102,771	7,313	-
Amounts payable within one year`42/48`	156,546	164,026	283,101	196,230	70,818	40,529	269,056
Current portion of amounts payable after more than one year`42`	22,917	25,000	25,000	2,771	44,542	4,289	-
Financial debts`43`	97,445	90,000	160,000	150,000	-	-	-
Credit institutions`430/8`	97,445	90,000	160,000	150,000	-	-	-
Trade debts`44`	8,493	16,818	17,248	4,421	11,274	2,431	137
Suppliers`440/4`	8,493	16,818	17,248	4,421	11,274	2,431	137
Taxes, remuneration and social security`45`	1,691	2,397	15,458	9,176	14,685	33,760	4,579
Taxes`450/3`	1,691	2,397	15,458	9,176	1,685	17,260	4,579
Remuneration and social security`454/9`	-	-	-	-	13,000	16,500	-
Other amounts payable`47/48`	26,000	29,811	65,395	29,862	317	50	264,340
Income statement
Turnover`70`	-	-	-	-	-	105,719	65,553
Non-recurring operating income`76A`	10,111	94,084	-	-	-	-	9,000
Gross operating margin`9900`	-65,973	78,140	111,867	119,071	76,636	61,774	45,611
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	43,945	19,942
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	26,863	49,713	26,759	26,070	21,601	11,055	5,275
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-6,739	-8,048	-4,379	-4,171	-3,972	-3,783	-3,577
Other operating charges`640/8`	1,892	5,093	2,275	1,776	3,321	4,276	1,361
Non-recurring operating charges`66A`	150,177	21,088	59,188	6,303	100	493,446	-
Operating profit (loss)`9901`	-87,989	31,382	87,212	95,396	55,686	50,226	42,552
Financial income`75/76B`	15,598	19,142	54,726	38,005	22,332	1,055	41
Recurring financial income`75`	15,598	19,142	54,726	38,005	22,332	1,055	41
Financial charges`65/66B`	54,867	103,474	52,545	51,290	91,529	50,580	50,011
Recurring financial charges`65`	54,867	103,474	52,545	51,290	91,529	50,580	50,011
Profit (loss) for the period before taxes`9903`	-267,324	20,046	30,205	75,808	-13,611	-492,744	1,582
Income taxes`67/77`	139	148	9,523	4,427	489	3,277	1,085
Profit (loss) for the period`9904`	-267,463	19,898	20,682	71,381	-14,100	-496,021	497
Profit (loss) for the period to be appropriated`9905`	-267,463	19,898	20,682	71,381	-14,100	-496,021	497
Appropriation of the result
Profit (loss) to be appropriated`9906`	-725,382	-457,919	-442,817	-438,499	-509,880	-495,780	241
Profit to be distributed`694/7`	-	-	35,000	25,000	-	-	-
Directors or managers`695`	-	-	35,000	25,000	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2013 (PDF), filed on 09-05-2014.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2013	abbreviated format	09-05-2014	2014-12300512	PDF
30-09-2012	abbreviated format	13-05-2013	2013-11800384	PDF
31-12-2010	abbreviated format	19-07-2011	2011-31600590	PDF
31-12-2009	abbreviated format	17-06-2010	2010-20200014	PDF
31-12-2008	abbreviated format	24-07-2009	2009-46300293	PDF
31-12-2007	abbreviated format	24-07-2008	2008-44800145	PDF
31-12-2006	abbreviated format	06-07-2007	2007-35500358	PDF
31-12-2005	abbreviated format	30-06-2006	2006-38101215	PDF
31-12-2004	abbreviated format	21-06-2005	2005-30101910	PDF
31-12-2003	abbreviated format	21-06-2004	2004-28301617	PDF
31-12-2002	abbreviated format	25-06-2003	2003-31000377	PDF
31-12-2001	abbreviated format	13-08-2002	2002-47603127	PDF
31-12-2000	abbreviated format	29-06-2001	2001-30801588	PDF
31-12-1999	abbreviated format	19-06-2000	2000-24103676	PDF
31-12-1998	abbreviated format	15-09-1999	1999-46400430	PDF
31-12-1997	abbreviated format	17-12-1998	1998-61802680	PDF
31-12-1996	abbreviated format	19-09-1997	1997-44401200	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2013	2012	2010	2009	2008	2007	2006
EBITDA	-61,126	81,095	113,971	121,466	77,287	61,282	47,827
Cash flow	-240,600	69,611	47,441	97,451	7,501	-484,965	5,772
Investment in fixed assets	1,330	41,612	45,619	70,937	307,004	229,122	2,690
Change in cash	15,346	-	26,799	-19,119	7,579	5,202	-
Working capital	102,876	193,230	81,194	19,445	118,752	286,119	-176,069
EBIT margin	-	-	-	-	-	47.5%	64.9%
Solvency	2.7%	25.3%	3.0%	4.9%	0.0%	1.9%	14.1%
Current ratio	1.66	2.18	1.29	1.10	2.68	8.06	0.35
Debt to equity	6.76	0.57	10.18	4.21	-	3.34	1.66
ROE	-	6.8%	64.0%	153.1%	-	-	0.3%
ROA	-30.9%	1.7%	1.9%	7.5%	-1.6%	-64.0%	0.0%
Customer credit	-	-	-	-	-	109 days	186 days
Supplier credit	-	-	-	-	-	20 days	3 days

A ratio outside any meaningful range has been withheld (balance sheet total €864,821, equity €23,143).

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on FULL FORCE

The operating result for 2013 is a loss of €87,989, after a profit of €31,382 in 2012. It is the lowest result since 2006.

Debt's share of the balance-sheet total rises from 14.5% to 18.1%. Equity and debt are lower.

Network & group

Holdings

own accounts to 30-09-2013, the bar shows equity in euros

This companyFULL FORCE2 holdings, 1 country accounts to 30-09-2013

Belgium 2 Year Equity Result

BE FINICASA INVEST29.17%no longer active 2013€18,423 result -€263,374 (2013)
BE MUXA50% 2025-€55,218 result €16,521 (2025)

Source: list of holdings in its own 30-09-2013 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.

Holdings through the years

2006 to 2013

Holdings through the years
Name	2006	2007	2009	2010	2012
MUXA 2012 to 2013: 50%					50%
FINICASA INVEST 2012 to 2013: 29.17%					29.17%
FINI-CASA 2006: 27.42% 2007 to 2012: 29.17%	27.42%	29.17%
FE. SOUL COMMUNICATION & RESEARCH 2007 to 2012: 27.1%		27.1%
I-FOLKS 2007 to 2009: 17.55% 2010: 52.42%		17.55%		52.42%
UNICORN 2006 to 2010: 41.6%	41.6%
TABEOKA 2007 to 2010: 33.33%		33.33%
GASTHOF 1618 2006 to 2008: 47.5% 2009: 50%	47.5%		50%
MERCATRON 2006: 50%	50%

Source: list of holdings in its own accounts

Connections & network

See the function holders in the KBO register.

Timeline

23 events since 1996

Filings

Financial

End

200020052010201520202025

2014

01-10-2014

Deed on the end PDF

09-05-2014

Annual accounts 2013 filed PDFabbreviated format · 9 days late

2013

13-05-2013

Annual accounts 2012 filed PDFabbreviated format · 13 days late

2012

30-09-2012

Equity above €200,000 equity €290,606 ▲799% After 3 profitable years in a row, equity reaches €290,606.

2011

19-07-2011

Annual accounts 2010 filed PDFabbreviated format · 12 days before the deadline

2010

17-06-2010

Annual accounts 2009 filed PDFabbreviated format · 44 days before the deadline

2009

31-12-2009

Back to profit net €71,381 The net result is €71,381, after 2 loss-making years.

24-07-2009

Annual accounts 2008 filed PDFabbreviated format · 7 days before the deadline

2008

24-07-2008

Annual accounts 2007 filed PDFabbreviated format · 7 days before the deadline

2007

31-12-2007

Weakest financial year net -€496,021 The net result drops to -€496,021, the lowest from 2006 to 2013.

31-12-2007

Liquidity more than 23 times current ratio 8.06 The current ratio rises from 0.35 to 8.06. Short-term debt falls from €269,056 to €40,529.

06-07-2007

Annual accounts 2006 filed PDFabbreviated format · 25 days before the deadline

2006

30-06-2006

Annual accounts 2005 filed PDFabbreviated format · 31 days before the deadline

2005

21-06-2005

Annual accounts 2004 filed PDFabbreviated format · 40 days before the deadline

2004

21-06-2004

Annual accounts 2003 filed PDFabbreviated format · 40 days before the deadline

2003

25-06-2003

Annual accounts 2002 filed PDFabbreviated format

2002

13-08-2002

Annual accounts 2001 filed PDFabbreviated format

2001

29-06-2001

Annual accounts 2000 filed PDFabbreviated format

2000

19-06-2000

Annual accounts 1999 filed PDFabbreviated format

1999

15-09-1999

Annual accounts 1998 filed PDFabbreviated format

1998

17-12-1998

Annual accounts 1997 filed PDFabbreviated format

1997

19-09-1997

Annual accounts 1996 filed PDFabbreviated format

1996

10-02-1996

Incorporation 19 publications in the Belgian Official Gazette, the last on 01-10-2014

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

Company details

Inactive

FULL FORCE is no longer in the KBO register.

Last annual accounts: financial year to 30 September 2013
Last registered office: Refugiestraat 1, 3290 Diestas published on 1 October 2014
Legal form: Private limited company (pre-2019)
First annual accounts: financial year 1996

Official KBO record