GATEWAY
Open bankruptcyFinancials · financial year 2015, full format
2015 annual accounts filed 1 day after the deadline Filed on 1 February 2016, deadline 31 January 2016 (7 months after the close on 30 June 2015, Companies Code art. 3:10). Source: NBB, 2016-03500239.
Annual accounts 2015 filed on 01-02-2016 PDF all 25 filings
Turnover
€46.9m▲ 9.0%
2014 · €43.0m
EBIT margin
-2.9%▼ 3.4pp
2014 · 0.5%
Net result
-€1.2m▼ 1,881%
2014 · -€60,546
Working capital
-€3.7m▼ 57.5%
2014 · -€2.3m
Multi-year overview
2011 to 2015, 5 financial yearsTurnover
€46.9m
▲ 9.0%
2015
20112015
Operating result
-€1.4m
2015
20112015
Net result
-€1.2m
▼ 1,881%
2015
20112015
EBIT margin
-2.9%
▼ 3.4pp
2015
20112015
Equity
€134,582
▼ 89.9%
2015
20112015
Total assets
€7.9m
▲ 10.1%
2015
20112015
Debt
€7.7m
▲ 33.2%
2015
20112015
Working capital
-€3.7m
▼ 57.5%
2015
20112015
Staff (FTE)
42.2
▼ 3.2%
2015
20112015
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Turnover€42.6m€43.0m▲ 1.0%€46.9m▲ 9.0%
Operating result€0.08m--€0.03m€0.3m€0.2m▼ 25.3%-€1.4m
Net result-€0.1m-€0.002m-€0.04m-€0.06m▼ 53.2%-€1.2m▼ 1,881%
EBIT margin0.6%0.5%▼ 0.2pp-2.9%▼ 3.4pp
Equity€0.4m-€0.4m▲ 0.2%€1.4m▲ 218%€1.3m▼ 4.6%€0.1m▼ 89.9%
Total assets€3.6m-€4.2m▲ 16.0%€6.3m▲ 48.7%€7.1m▲ 13.5%€7.9m▲ 10.1%
Debt€3.2m-€3.8m▲ 18.3%€4.9m▲ 29.1%€5.8m▲ 18.8%€7.7m▲ 33.2%
Working capital€0.5m-€0.4m▼ 10.1%-€1.1m-€2.3m▼ 108%-€3.7m▼ 57.5%
Staff (FTE)38.9-36.6▼ 5.9%39▲ 6.6%43.6▲ 11.8%42.2▼ 3.2%
The operating result for 2015 is a loss of €1.4m, after a profit of €206,464 in 2014. It is the lowest result since 2011.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €7.9m
Fixed assets
€4.8m ▲ 8.7%
Current assets
€3.1m ▲ 12.5%
Equity and liabilities €7.9m
Equity
€134,582 ▼ 89.9%
Provisions
€4,078 ▼ 12.4%
Debt
€7.7m ▲ 33.2%
Debt's share of the balance-sheet total rises from 81.2% to 98.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€597,893▼
2014 · €534,379
Cash flow
-€416,429▼
2014 · €267,369
Current ratio
0.46▼
2014 · 0.54
Debt to equity
7.34▲
2014 · 0.56
ROE
-891.4%▼
2014 · -4.5%
ROA
-15.2%▼
2014 · -0.8%
Interest coverage
-8.16▼
2014 · 21.56
Debt ≤ 1 year
€6.7m▲
2014 · €5.1m
Debt > 1 year
€987,762▲
2014 · €741,115
Income taxes
€1,050▲
2014 · €736
Customer credit
7 days▼
2014 · 9 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €42.6m | €43.0m | €46.9m | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.3m | €0.8m | ▲ 139% |
| Gross operating margin9900 | €2.4m | €2.0m | - | - | - | - |
| Operating profit (loss)9901 | €0.08m | -€0.03m | €0.3m | €0.2m | -€1.4m | - |
| Recurring financial income75 | €0.1m | €0.5m | €0.2m | €0.2m | €1.2m | ▲ 528% |
| Recurring financial charges65 | €0.3m | €0.5m | €0.5m | €0.5m | €1.0m | ▲ 99.7% |
| Debt charges650 | - | - | €0.02m | €0.02m | €0.07m | ▲ 196% |
| Profit (loss) for the period before taxes9903 | -€0.1m | €0.04m | -€0.04m | -€0.06m | -€1.2m | ▼ 1,838% |
| Income taxes67/77 | €0.02m | €0.04m | €0.001m | €0.001m | €0.001m | ▲ 42.6% |
| Profit (loss) for the period9904 | -€0.1m | €0.002m | -€0.04m | -€0.06m | -€1.2m | ▼ 1,881% |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | €0.002m | -€0.04m | -€0.06m | -€1.2m | ▼ 1,881% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €4.2m | €6.3m | €7.1m | €7.9m | ▲ 10.1% |
| Fixed assets21/28 | €0.5m | €0.5m | €2.7m | €4.4m | €4.8m | ▲ 8.7% |
| Intangible fixed assets21 | €0.003m | €0.001m | €2.2m | €4.1m | €4.6m | ▲ 10.5% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 18.1% |
| Financial fixed assets28 | €0.002m | €0.003m | €0.003m | €50 | €50 | = |
| Current assets29/58 | €3.2m | €3.7m | €3.6m | €2.7m | €3.1m | ▲ 12.5% |
| Amounts receivable within one year40/41 | €1.4m | €1.8m | €1.8m | €1.1m | €0.9m | ▼ 15.8% |
| Cash at bank and in hand54/58 | €1.8m | €1.9m | €1.8m | €1.6m | €2.1m | ▲ 33.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €4.2m | €6.3m | €7.1m | €7.9m | ▲ 10.1% |
| Equity10/15 | €0.4m | €0.4m | €1.4m | €1.3m | €0.1m | ▼ 89.9% |
| Contributions10/11 | €0.5m | €0.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.1m | -€0.2m | -€0.2m | -€1.4m | ▼ 536% |
| Provisions and deferred taxes16 | €0.008m | €0.007m | €0.007m | €0.005m | €0.004m | ▼ 12.4% |
| Amounts payable17/49 | €3.2m | €3.8m | €4.9m | €5.8m | €7.7m | ▲ 33.2% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.1m | €0.7m | €1.0m | ▲ 33.3% |
| Amounts payable within one year42/48 | €2.7m | €3.3m | €4.7m | €5.1m | €6.7m | ▲ 33.2% |
| Trade debts44 | €2.3m | €2.9m | €4.3m | €3.6m | €4.1m | ▲ 13.2% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | €0.002m | -€0.04m | -€0.06m | -€1.2m | ▼ 1,881% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.3m | €0.8m | ▲ 139% |
| Operating cash flow (approximation) | €0.04m | €0.2m | €0.1m | €0.3m | -€0.4m | - |
| Investment in fixed assets (approximation) | - | -€0.2m | -€2.3m | -€2.1m | -€1.2m | ▲ 43.2% |
| Change in cash | - | €0.1m | -€0.1m | -€0.2m | €0.5m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2015 | full format | 01-02-2016 | 2016-03500239 | |
| 30-06-2014 | full format | 22-01-2015 | 2015-02200283 | |
| 30-06-2013 | full format | 29-01-2014 | 2014-01700414 | |
| 30-06-2012 | abbreviated format | 18-01-2013 | 2013-01000206 | |
| 30-06-2011 | abbreviated format | 31-01-2012 | 2012-01800294 | |
| 30-06-2010 | abbreviated format | 23-12-2010 | 2010-63900538 | |
| 30-06-2009 | abbreviated format | 08-02-2010 | 2010-03700130 | |
| 30-06-2008 | abbreviated format | 30-01-2009 | 2009-02500333 | |
| 30-06-2007 | abbreviated format | 18-01-2008 | 2008-01600228 | |
| 30-06-2006 | abbreviated format | 22-12-2006 | 2006-92300732 |