IMCODI (0424.521.686), Inactive: financials and annual accounts

Annual accounts 2015

full format, filed on 13-06-2016, 48 days before the deadline

Equity

€1.2m

▼ 0.7%

Operating result

-€7,836

▼ €6,187

EBITDA

-

Cash flow

-

Solvency

100.0%

▲ 0.1 percentage points

Current ratio

-

Money flows

no detail for 2015

Balance sheet

balance sheet total €1.2m on 31-12-2015

What the company ownsHow it is paid for

Change in equityin €m

Change in cashin euro

Staff

Men and women

Not in that year's accounts.

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

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

Line	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	1.2m	1.2m	1.2m	1.5m	1.5m	1.4m	1.3m	1.3m	1.1m	1.1m
Fixed assets`21/28`	-	5,504	5,504	32,963	40,670	68,517	88,305	118,231	75,962	128,468
Intangible fixed assets`21`	-	-	-	27,459	35,166	63,013	82,802	112,727	70,459	110,570
Financial fixed assets`28`	-	5,504	5,504	5,504	5,504	5,504	5,504	5,504	5,504	17,898
Affiliated companies`280/1`	-	5,504	5,504	5,504	5,504	5,504	5,504	5,504	5,504	17,898
Participating interests`280`	-	5,504	5,504	5,504	5,504	5,504	5,504	5,504	5,504	17,898
Current assets`29/58`	1.2m	1.2m	1.2m	1.5m	1.5m	1.3m	1.3m	1.2m	1.0m	996,610
Amounts receivable within one year`40/41`	1.2m	1.2m	1.2m	1.4m	1.4m	1.3m	1.2m	1.2m	996,314	954,055
Trade receivables`40`	-	-	48,057	359,680	323,294	172,146	232,862	242,557	135,568	117,291
Other amounts receivable`41`	1.2m	1.2m	1.1m	1.1m	1.1m	1.1m	1.0m	944,500	860,746	836,764
Cash at bank and in hand`54/58`	1,241	838	2,101	8,816	4,019	19,131	5,949	6,519	12,138	16,530
Deferred charges and accrued income`490/1`	-	-	-	21,260	15,475	6,959	4,794	5,462	15,157	26,025
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.2m	1.2m	1.2m	1.5m	1.5m	1.4m	1.3m	1.3m	1.1m	1.1m
Equity`10/15`	1.2m	1.2m	1.2m	1.1m	1.1m	1.2m	1.1m	1.0m	955,142	945,253
Contributions`10/11`	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m
Issued capital`100`	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m
Reserves`13`	4,612	4,612	4,612	4,612	4,612	4,612	4,612	4,612	4,612	4,612
Legal reserve`130`	4,612	4,612	4,612	4,612	4,612	4,612	4,612	4,612	4,612	4,612
Profit (loss) carried forward`14`	-1.5m	-1.5m	-1.5m	-1.6m	-1.5m	-1.4m	-1.5m	-1.6m	-1.7m	-1.7m
Provisions and deferred taxes`16`	-	-	-	60,561	19,091	21,866	24,295	29,550	-	-
Provisions for liabilities and charges`160/5`	-	-	-	60,561	19,091	21,866	24,295	29,550	-	-
Pensions and similar obligations`160`	-	-	-	60,561	19,091	21,866	24,295	29,550	-	-
Amounts payable`17/49`	-	1,264	36,225	386,364	373,111	186,583	242,286	277,621	144,430	179,826
Amounts payable within one year`42/48`	-	1,264	36,225	386,364	373,111	186,583	242,286	277,621	144,430	179,826
Trade debts`44`	-	1,264	35,310	170,676	171,522	70,756	104,338	170,366	48,946	85,282
Suppliers`440/4`	-	1,264	35,310	170,676	171,522	70,756	104,338	170,366	48,946	85,282
Taxes, remuneration and social security`45`	-	-	915	215,688	201,589	115,826	137,949	107,255	95,484	94,543
Taxes`450/3`	-	-	915	32,350	47,441	12,966	23,874	17,162	-	-
Remuneration and social security`454/9`	-	-	-	183,338	154,148	102,860	114,075	90,093	95,484	94,543
Income statement
Operating income`70/76A`	-	4,624	3.1m	3.5m	2.9m	1.9m	2.1m	1.7m	1.4m	1.4m
Turnover`70`	-	3,000	3.1m	3.5m	2.9m	1.9m	2.1m	1.7m	1.4m	1.4m
Operating charges`60/66A`	7,836	6,272	3.0m	3.5m	3.0m	1.8m	2.0m	1.7m	1.4m	1.3m
Services and other goods`61`	7,481	5,918	1.7m	1.8m	1.5m	837,123	1.0m	800,561	513,282	477,943
Remuneration, social security and pensions`62`	-	-	1.4m	1.7m	1.4m	955,781	979,308	843,805	854,904	816,996
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	15,415	17,382	27,847	31,118	29,925	31,671	40,111	32,240
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-7,138	41,470	-2,775	-2,429	-5,255	29,550	-	-
Other operating charges`640/8`	355	354	466	1,585	1,095	402	497	441	431	416
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	6,326	-
Operating profit (loss)`9901`	-7,836	-1,649	107,371	-47,734	-56,912	93,459	44,535	15,497	-19,903	48,359
Financial income`75/76B`	18	1,545	1,404	3,952	11,502	6,026	26,854	43,746	40,542	32,631
Recurring financial income`75`	18	1,545	1,404	3,952	11,502	6,026	26,854	43,746	40,542	32,631
Income from current assets`751`	18	1,545	1,404	3,952	11,502	6,026	26,854	43,746	40,542	32,470
Other financial income`752/9`	-	-	-	-	-	-	-	-	-	161
Financial charges`65/66B`	-	18	9,005	10,352	6,638	5,008	5,658	4,287	4,424	4,067
Recurring financial charges`65`	-	18	9,005	10,352	6,638	5,008	5,658	4,287	4,424	4,067
Debt charges`650`	-	-	8,859	10,226	6,514	4,892	5,542	4,181	4,325	3,973
Other financial charges`652/9`	-	18	145	126	124	116	116	105	99	95
Profit (loss) for the period before taxes`9903`	-7,818	-121	99,770	-54,134	-52,048	94,477	65,732	54,956	9,890	76,923
Income taxes`67/77`	-	-335	898	2,329	0	1,501	0	1	1	60,981
Taxes`670/3`	-	0	915	2,329	0	1,501	0	1	1	60,981
Tax adjustments and reversals of tax provisions`77`	-	335	17	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	-7,818	214	98,872	-56,463	-52,048	92,976	65,731	54,955	9,889	15,942
Profit (loss) for the period to be appropriated`9905`	-7,818	214	98,872	-56,463	-52,048	92,976	65,731	54,955	9,889	15,942
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1.5m	-1.5m	-1.5m	-1.6m	-1.5m	-1.4m	-1.5m	-1.6m	-1.7m	-1.7m
Social balance sheet
Average staff (FTE)`9087`	-	-	20.5	24.7	21.5	15.9	16.1	14.3	14.3	14.3
Men (FTE)`1003`	-	-	6.1	7.5	-	-	-	-	-	-
Women (FTE)`1003`	-	-	14.4	17.2	-	-	-	-	-	-
Agency workers`1501`	-	-	-	0.8	0.4	-	0.4	1.8	0.8	-
Hours worked`1013`	-	-	33,009	38,334	34,234	28,612	29,628	25,174	25,086	26,734
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 19 older financial years (1987-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2015 (PDF), filed on 13-06-2016.

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Filings

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

Financial year	Type	Filed	Reference	Document
31-12-2015	full format	13-06-2016	2016-17600031	PDF
31-12-2014	full format	16-06-2015	2015-18200484	PDF
31-12-2013	full format	26-09-2014	2014-61100126	PDF
31-12-2012	full format	01-07-2013	2013-25400545	PDF
31-12-2011	full format	25-04-2012	2012-09500303	PDF
31-12-2010	full format	27-04-2011	2011-09200040	PDF
31-12-2009	full format	04-05-2010	2010-10900516	PDF
31-12-2008	full format	29-05-2009	2009-17500368	PDF
31-12-2007	full format	12-06-2008	2008-22600306	PDF
31-12-2006	full format	07-05-2007	2007-13600201	PDF
31-12-2005	full format	02-06-2006	2006-19501500	PDF
31-12-2004	full format	28-04-2005	2005-13401283	PDF
31-12-2003	full format	13-05-2004	2004-14701897	PDF
31-12-2002	full format	12-05-2003	2003-13705260	PDF
31-12-2001	full format	25-06-2002	2002-27100819	PDF
31-12-2000	full format	26-07-2001	2001-43500600	PDF
30-06-1999	full format	18-10-1999	1999-53703778	PDF
30-06-1998	full format	22-10-1998	1998-54203290	PDF
30-06-1997	full format	06-11-1997	1997-52104352	PDF
30-06-1996	full format	10-10-1996	1996-47500520	PDF
30-06-1995	abbreviated format	09-10-1995	1995-52902461	PDF
30-06-1994	abbreviated format	13-10-1994	1994-43802471	PDF
30-06-1993	abbreviated format	19-11-1993	1993-43302936	PDF
31-03-1992	abbreviated format	23-06-1992	1992-13701302	PDF
31-03-1991	abbreviated format	14-06-1991	1991-10000850	PDF
31-03-1990	abbreviated format	13-06-1990	1990-08302540	PDF
31-03-1989	abbreviated format	22-06-1989	1989-10202251	PDF
31-03-1988	abbreviated format	09-06-1988	1988-07100817	PDF
31-03-1987	abbreviated format	06-07-1987	1987-15801278	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	122,786	-30,352	-29,065	124,577	74,461	47,168	20,209	80,599
Cash flow	-	-	114,287	-39,081	-24,201	124,094	95,657	86,626	50,000	48,182
Investment in fixed assets (approximation)	-	-	-12,044	9,675	0	11,330	0	73,939	-12,395	97,119
Change in cash	403	-1,264	-6,714	4,796	-15,111	13,181	-569	-5,619	-4,392	-
Working capital	-	1.2m	1.2m	1.1m	1.1m	1.1m	1.0m	921,417	879,180	816,785
EBIT margin	-	-55.0%	3.5%	-1.4%	-1.9%	4.9%	2.2%	0.9%	-1.4%	3.5%
Solvency	100.0%	99.9%	97.0%	70.3%	74.0%	84.9%	80.1%	76.7%	86.9%	84.0%
Current ratio	-	-	32.85	3.82	3.94	7.01	5.18	4.32	7.09	5.54
Debt to equity	-	0.00	0.03	0.36	0.33	0.16	0.23	0.27	0.15	0.19
ROE	-0.7%	0.0%	8.5%	-5.3%	-4.7%	8.0%	6.1%	5.4%	1.0%	1.7%
ROA	-0.7%	0.0%	8.3%	-3.7%	-3.4%	6.8%	4.9%	4.2%	0.9%	1.4%
Interest coverage	-	-	13.86	-2.97	-4.46	25.47	13.44	11.28	4.67	20.29
Customer credit	-	140440 days	6 days	38 days	40 days	33 days	41 days	52 days	36 days	31 days
Supplier credit	-	78 days	8 days	35 days	41 days	31 days	37 days	78 days	35 days	65 days

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 IMCODI

The operating result for 2015 is a loss of €7,836, larger than the loss of €1,649 in 2014. It is the lowest result since 2012.