GEERTRANS
InactiveInactive; last annual accounts for fiscal year 2016.
Signals
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 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 22-06-2017, 39 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 2016, abbreviated schema
Turnover
€1.6m▲ 4.8%
2014 · €1.5m
EBIT margin
24.2%▲ 17.2pp
2014 · 7.0%
Net result
€204,601▼ 37.1%
2015 · €325,041
Working capital
-€761,697▼ 85.2%
2015 · -€411,338
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20122013201420152016
Turnover€1.9m-€1.5m▼ 21.8%€1.5m▲ 6.3%€1.6m▲ 4.8%
Operating result€77,276-€45,187▼ 41.5%€108,226▲ 140%€391,151▲ 261%€254,363▼ 35.0%
Net result-€108,014--€122,603▼ 13.5%-€43,177▲ 64.8%€325,041€204,601▼ 37.1%
EBIT margin4.2%-3.1%▼ 1.1pp7.0%▲ 3.9pp24.2%▲ 17.2pp
Equity€207,813-€85,210▼ 59.0%€1.2m▲ 1,299%€1.5m▲ 27.3%€1.7m▲ 13.5%
Total assets€7.0m-€5.3m▼ 24.3%€5.8m▲ 9.2%€4.9m▼ 16.3%€4.6m▼ 6.2%
Debt€6.8m-€5.2m▼ 23.3%€4.6m▼ 11.8%€3.4m▼ 27.5%€2.8m▼ 15.1%
Working capital€153,146--€322,383-€161,571▲ 49.9%-€411,338▼ 155%-€761,697▼ 85.2%
Staff (FTE)15.6-13.1▼ 16.0%11.9▼ 9.2%11.4▼ 4.2%10.8▼ 5.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2016; 2016 is 35% below 2015.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €4.6m
Fixed assets
€4.1m ▼ 3.8%
Current assets
€426,769 ▼ 24.3%
Equity and liabilities €4.6m
Equity
€1.7m ▲ 13.5%
Debt
€2.8m ▼ 15.1%
Debt's share of the balance-sheet total falls from 68.9% to 62.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€386,006▼
2015 · €531,977
Cash flow
€336,244▼
2015 · €465,867
Current ratio
0.36▼
2015 · 0.58
Debt to equity
0.77▼
2015 · 1.24
ROE
11.9%▼
2015 · 21.4%
ROA
4.5%▼
2015 · 6.7%
Debt ≤ 1 year
€1.2m▲
2015 · €974,920
Debt > 1 year
€1.3m▼
2015 · €1.9m
Income taxes
-€11▲
2015 · -€21
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.9m | €1.5m | €1.5m | €1.6m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135,920 | €111,000 | €38,139 | €140,826 | €131,643 | ▼ 6.5% |
| Gross operating margin9900 | - | - | - | - | €1.0m | - |
| Operating profit (loss)9901 | €77,276 | €45,187 | €108,226 | €391,151 | €254,363 | ▼ 35.0% |
| Recurring financial income75 | €455 | €100 | €32 | €2,078 | - | - |
| Recurring financial charges65 | €185,745 | €167,877 | €151,428 | €71,266 | €49,773 | ▼ 30.2% |
| Debt charges650 | €100,469 | €95,310 | €87,849 | €11,927 | - | - |
| Profit (loss) for the period before taxes9903 | -€108,014 | -€122,591 | -€43,170 | €325,020 | €204,590 | ▼ 37.1% |
| Income taxes67/77 | - | €13 | €7 | -€21 | -€11 | ▲ 48.0% |
| Profit (loss) for the period9904 | -€108,014 | -€122,603 | -€43,177 | €325,041 | €204,601 | ▼ 37.1% |
| Profit (loss) for the period to be appropriated9905 | -€108,014 | -€122,603 | -€43,177 | €325,041 | €204,601 | ▼ 37.1% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.0m | €5.3m | €5.8m | €4.9m | €4.6m | ▼ 6.2% |
| Fixed assets21/28 | €4.0m | €3.8m | €4.4m | €4.3m | €4.1m | ▼ 3.8% |
| Tangible fixed assets22/27 | €169,765 | €75,647 | €692,116 | €551,290 | €387,647 | ▼ 29.7% |
| Financial fixed assets28 | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Current assets29/58 | €3.1m | €1.5m | €1.4m | €563,582 | €426,769 | ▼ 24.3% |
| Amounts receivable within one year40/41 | €2.8m | €1.3m | €920,230 | €431,175 | €301,138 | ▼ 30.2% |
| Cash at bank and in hand54/58 | €3,266 | €10,984 | €282,872 | €19,221 | €56,331 | ▲ 193% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.0m | €5.3m | €5.8m | €4.9m | €4.6m | ▼ 6.2% |
| Equity10/15 | €207,813 | €85,210 | €1.2m | €1.5m | €1.7m | ▲ 13.5% |
| Contributions10/11 | €61,973 | €61,973 | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €391,677 | €391,677 | €391,678 | €391,678 | €509,701 | ▲ 30.1% |
| Profit (loss) carried forward14 | -€245,838 | -€368,441 | -€411,618 | -€86,577 | -€411,618 | ▼ 375% |
| Amounts payable17/49 | €6.8m | €5.2m | €4.6m | €3.4m | €2.8m | ▼ 15.1% |
| Amounts payable after more than one year17 | €3.9m | €3.4m | €2.4m | €1.9m | €1.3m | ▼ 29.4% |
| Amounts payable within one year42/48 | €2.9m | €1.8m | €1.5m | €974,920 | €1.2m | ▲ 21.9% |
| Trade debts44 | €1.1m | €241,756 | €14,398 | €44,472 | €42,079 | ▼ 5.4% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€108,014 | -€122,603 | -€43,177 | €325,041 | €204,601 | ▼ 37.1% |
| + Depreciation and write-downs630 | €135,920 | €111,000 | €38,139 | €140,826 | €131,643 | ▼ 6.5% |
| Operating cash flow (approximation) | €27,906 | -€11,603 | -€5,038 | €465,867 | €336,244 | ▼ 27.8% |
| Investment in fixed assets (approximation) | - | €12,118 | -€654,608 | €0 | €32,000 | - |
| Change in cash | - | €7,718 | €271,888 | -€263,651 | €37,110 | ▲ 114% |
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
2017
13-10
State Gazette act
Merger · Corporate purpose
Net-asset statement · Share issue
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-12
Financial
Back to profitnet €325,041
Net result €325,041 after 3 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Equity above €1mEq €1.2m ▲1,299%
Equity rises from €85,210 to €1.2m.
27-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
31-12
Financial
Weakest financial yearnet -€122,603
Net result drops to -€122,603, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
30-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
08-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 8 days late
2010
23-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 23 days late
2009
24-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 24 days late
2008
25-08
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Geertrans-Hellings