GION

Inactive

KBO/BCE: BE 0421.066.904

Inactive; last annual accounts for fiscal year 2016.

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GIONInactive

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Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Annual accounts not filed

The financial year that closed on 31-12-2017 was due at the National Bank by 31-07-2018. Nothing is on record, 2981 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2017 close31-07-2018 deadline28-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 06-07-2017, 25 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2017

not filed

2016

25 d early

2015

26 d early

2014

31 d early

2013

23 d early

2012

35 d early

2011

34 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 29 days before the deadline; the Belgian median for financial year 2017 is 4 days before the deadline, and 41% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

GION has filed 35 sets of annual accounts, the latest for fiscal year 2016.¹ In 2018 the company was absorbed by merger into Main d'Or.²

Financials · fiscal year 2016, abbreviated schema

Turnover

€662,229▲ 59.1%

2012 · €416,151

EBIT margin

2.1%▼ 9.5pp

2012 · 11.6%

Net result

-€79,102

2015 · €1,258

Working capital

€147,331▼ 42.3%

2015 · €255,218

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20122013201420152016

Turnover€416,151-€662,229

Operating result€48,196-€35,920▼ 25.5%€13,827▼ 61.5%€713▼ 94.8%-€79,713

Net result€33,308-€25,663▼ 23.0%€10,222▼ 60.2%€1,258▼ 87.7%-€79,102

EBIT margin11.6%-2.1%

Equity€155,945-€181,608▲ 16.5%€191,830▲ 5.6%€193,088▲ 0.7%€113,986▼ 41.0%

Total assets€274,059-€285,450▲ 4.2%€411,252▲ 44.1%€377,499▼ 8.2%€209,161▼ 44.6%

Debt€106,713-€92,441▼ 13.4%€146,820▲ 58.8%€111,809▼ 23.8%€33,975▼ 69.6%

Working capital€166,876-€191,473▲ 14.7%€253,189▲ 32.2%€255,218▲ 0.8%€147,331▼ 42.3%

Staff (FTE)2.8-3.4▲ 21.4%4.2▲ 23.5%4▼ 4.8%3▼ 25.0%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2016: a loss of €79,713 after €713 in 2015, the lowest result in the available series.

Balance-sheet composition

2016 in colour, 2015 as the grey bar beneath

Assets €209,161

13.8%

86.2%

Fixed assets €28,948 ▲ 176%

Current assets €180,213 ▼ 50.9%

Equity and liabilities €209,161

54.5%

29.3%

16.2%

Equity €113,986 ▼ 41.0%

Provisions €61,200 ▼ 15.7%

Debt €33,975 ▼ 69.6%

Debt's share of the balance-sheet total falls from 29.6% to 16.2%. Equity and debt are lower.

Key figures and ratios

2016 value · change against 2015

EBITDA

-€74,195▼

2015 · €1,483

Cash flow

-€73,585▼

2015 · €2,028

Current ratio

5.48▲

2015 · 3.28

Quick ratio

5.37▲

2015 · 3.25

ROE

-69.4%▼

2015 · 0.7%

ROA

-37.8%▼

2015 · 0.3%

Debt ≤ 1 year

€32,882▼

2015 · €111,809

Income taxes

-€30▼

2015 · €36

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

Filed annual accounts As filed with the NBB · 2016 against 2015 · 27 lines

Balance sheet Code20152016

Assets

Total assets20/58€377,499€209,161▼

Fixed assets21/28€10,472€28,948▲

Tangible fixed assets22/27€2,452€20,928▲

Financial fixed assets28€8,020€8,020=

Current assets29/58€367,027€180,213▼

Stocks and contracts in progress3€3,582€3,689▲

Amounts receivable within one year40/41€245,979€171,219▼

Current investments50/53€83,596-

Cash at bank and in hand54/58€9,970€92▼

Equity and liabilities

Total equity and liabilities10/49€377,499€209,161▼

Equity10/15€193,088€113,986▼

Contributions10/11€18,600€18,600=

Reserves13€3,099€3,099=

Profit (loss) carried forward14€171,389€92,287▼

Provisions and deferred taxes16€72,602€61,200▼

Amounts payable17/49€111,809€33,975▼

Amounts payable within one year42/48€111,809€32,882▼

Trade debts44€99,004€20,548▼

Income statement Code20152016

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€771€5,517▲

Gross operating margin9900€150,147€34,356▼

Operating profit (loss)9901€713-€79,713▼

Recurring financial income75€922€764▼

Recurring financial charges65€341€183▼

Profit (loss) for the period before taxes9903€1,294-€79,132▼

Income taxes67/77€36-€30▼

Profit (loss) for the period9904€1,258-€79,102▼

Profit (loss) for the period to be appropriated9905€1,258-€79,102▼

Line	2012	2013	2014	2015	2016	Change
Turnover70	€416,151	-	€662,229	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€157	€209	€630	€771	€5,517	▲ 616%
Gross operating margin9900	€190,297	€180,518	€231,132	€150,147	€34,356	▼ 77.1%
Operating profit (loss)9901	€48,196	€35,920	€13,827	€713	-€79,713	▼ 11,286%
Recurring financial income75	€1,156	€789	€1,065	€922	€764	▼ 17.2%
Recurring financial charges65	€228	€310	€551	€341	€183	▼ 46.3%
Profit (loss) for the period before taxes9903	€49,124	€36,564	€14,342	€1,294	-€79,132	▼ 6,214%
Income taxes67/77	€15,816	€10,900	€4,120	€36	-€30	▼ 183%
Profit (loss) for the period9904	€33,308	€25,663	€10,222	€1,258	-€79,102	▼ 6,389%
Profit (loss) for the period to be appropriated9905	€33,308	€25,663	€10,222	€1,258	-€79,102	▼ 6,389%

Line	2012	2013	2014	2015	2016	Change
Assets
Total assets20/58	€274,059	€285,450	€411,252	€377,499	€209,161	▼ 44.6%
Fixed assets21/28	€470	€1,536	€11,243	€10,472	€28,948	▲ 176%
Tangible fixed assets22/27	€470	€261	€3,223	€2,452	€20,928	▲ 753%
Financial fixed assets28	-	€1,275	€8,020	€8,020	€8,020	=
Current assets29/58	€273,589	€283,914	€400,009	€367,027	€180,213	▼ 50.9%
Stocks and contracts in progress3	€2,030	€3,418	€4,385	€3,582	€3,689	▲ 3.0%
Amounts receivable within one year40/41	€133,833	€75,510	€167,602	€245,979	€171,219	▼ 30.4%
Current investments50/53	€100,779	€115,508	€93,412	€83,596	-	-
Cash at bank and in hand54/58	€36,947	€89,478	€134,089	€9,970	€92	▼ 99.1%
Equity and liabilities
Total equity and liabilities10/49	€274,059	€285,450	€411,252	€377,499	€209,161	▼ 44.6%
Equity10/15	€155,945	€181,608	€191,830	€193,088	€113,986	▼ 41.0%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	=
Reserves13	€3,099	€3,099	€3,099	€3,099	€3,099	=
Profit (loss) carried forward14	€134,245	€159,909	€170,131	€171,389	€92,287	▼ 46.2%
Provisions and deferred taxes16	€11,401	€11,401	€72,602	€72,602	€61,200	▼ 15.7%
Amounts payable17/49	€106,713	€92,441	€146,820	€111,809	€33,975	▼ 69.6%
Amounts payable within one year42/48	€106,713	€92,441	€146,820	€111,809	€32,882	▼ 70.6%
Trade debts44	€59,146	€55,177	€102,814	€99,004	€20,548	▼ 79.2%

Line	2012	2013	2014	2015	2016	Change
Profit (loss) for the period9904	€33,308	€25,663	€10,222	€1,258	-€79,102	▼ 6,389%
+ Depreciation and write-downs630	€157	€209	€630	€771	€5,517	▲ 616%
Operating cash flow (approximation)	€33,465	€25,872	€10,852	€2,028	-€73,585	▼ 3,728%
Investment in fixed assets (approximation)	-	-€1,275	-€10,337	€0	-€23,993	-
Change in cash	-	€52,531	€44,611	-€124,119	-€9,879	▲ 92.0%

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

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Timeline · acts, filings and financial milestones

All 13Financial 1Gazette 2Filings 10

2018

16-08

State Gazette act General meeting · Merger

Capital increase · Share issue

28-05

State Gazette act Merger · Capital

Corporate purpose · Board composition

2017

06-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

31-12

Financial Weakest financial yearnet -€79,102

Net result drops to -€79,102, the lowest in the series.

05-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

30-06

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2014

08-07

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema

2013

26-06

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

2012

27-06

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema

2010

28-06

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema

2009

19-06

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema

2008

12-06

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema

2007

10-07

NBB filing Annual accounts filed

fiscal year 2006 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 6 acts read

About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Structure & network

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction

Taken over by:Main d'Or

BE 0404.676.278merger by absorption · State Gazette act of 16-08-2018 (2 acts) · effective 11-05-2018