Impeccable
Open bankruptcyFinancials · financial year 2016, full format
2016 annual accounts filed 31 days after the deadline Filed on 31 August 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-58300240.
Annual accounts 2016 filed on 31-08-2017 PDF all 5 filings
Turnover
≈ €1.8m
Estimated: probably between €1.2m and €2.9m
EBIT margin
Not included in this filing
Net result
€16,186
2015 · -€63,456
Working capital
-€108,711▲ 17.1%
2015 · -€131,135
Multi-year overview
2012 to 2016, 5 financial yearsOperating result
€26,854
2016
20122016
Net result
€16,186
2016
20122016
Equity
-€106,933
▲ 15.6%
2016
20122016
Total assets
€102,734
▲ 184%
2016
20122016
Debt
€209,667
▲ 28.7%
2016
20122016
Working capital
-€108,711
▲ 17.1%
2016
20122016
Staff (FTE)
42
▼ 1.6%
2016
20122016
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Operating result-€56,666-€8,943-€12,713-€60,987▼ 380%€26,854
Net result-€62,738-€8,951-€15,676-€63,456▼ 305%€16,186
Equity-€56,538--€47,587▲ 15.8%-€63,263▼ 32.9%-€126,719▼ 100%-€106,933▲ 15.6%
Total assets€35,821-€87,749▲ 145%€72,958▼ 16.9%€36,202▼ 50.4%€102,734▲ 184%
Debt€92,359-€135,336▲ 46.5%€136,221▲ 0.7%€162,921▲ 19.6%€209,667▲ 28.7%
Working capital-€65,938--€55,602▲ 15.7%-€68,620▼ 23.4%-€131,135▼ 91.1%-€108,711▲ 17.1%
Staff (FTE)19.8-33.4▲ 68.7%36.2▲ 8.4%42.7▲ 18.0%42▼ 1.6%
The operating result for 2016 is a profit of €26,854, after a loss of €60,987 in 2015. It is the highest result since 2012.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €102,734
Fixed assets
€1,778 ▼ 70.2%
Current assets
€100,956 ▲ 234%
Equity and liabilities
Equity-€106,933
Debt€209,667
Equity is negative. Debt (€209,667) exceeds the balance-sheet total (€102,734).
Key figures and ratios
EBITDA
€30,034▲
2015 · -€55,529
Cash flow
€19,366▲
2015 · -€57,998
Solvency
-104.1%▲
2015 · -350.0%
Current ratio
0.48▲
2015 · 0.19
ROA
15.8%▲
2015 · -175.3%
Debt ≤ 1 year
€209,667▲
2015 · €161,365
Income taxes
€8,728▲
2015 · €1,504
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.009m | €0.006m | €0.005m | €0.005m | €0.003m | ▼ 41.7% |
| Gross operating margin9900 | €0.5m | €1.0m | €1.0m | €1.1m | €1.0m | ▼ 2.8% |
| Operating profit (loss)9901 | -€0.06m | €0.009m | -€0.01m | -€0.06m | €0.03m | - |
| Recurring financial income75 | €14 | €192 | €137 | €89 | €32 | ▼ 64.0% |
| Recurring financial charges65 | €0.001m | €0.002m | €0.002m | €0.003m | €0.002m | ▼ 22.8% |
| Profit (loss) for the period before taxes9903 | -€0.06m | €0.008m | -€0.01m | -€0.06m | €0.02m | - |
| Income taxes67/77 | €0.002m | -€0.001m | €0.001m | €0.002m | €0.009m | ▲ 480% |
| Profit (loss) for the period9904 | -€0.06m | €0.009m | -€0.02m | -€0.06m | €0.02m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.06m | €0.009m | -€0.02m | -€0.06m | €0.02m | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,821 | €87,749 | €72,958 | €36,202 | €102,734 | ▲ 184% |
| Fixed assets21/28 | €19,402 | €15,364 | €9,894 | €5,972 | €1,778 | ▼ 70.2% |
| Tangible fixed assets22/27 | €17,401 | €13,363 | €7,893 | €3,509 | €1,115 | ▼ 68.2% |
| Financial fixed assets28 | €2,001 | €2,001 | €2,001 | €2,463 | €663 | ▼ 73.1% |
| Current assets29/58 | €16,419 | €72,385 | €63,064 | €30,230 | €100,956 | ▲ 234% |
| Amounts receivable within one year40/41 | - | €1,500 | €14,758 | €15,292 | €20,848 | ▲ 36.3% |
| Cash at bank and in hand54/58 | €16,419 | €70,885 | €24,376 | €14,938 | €80,108 | ▲ 436% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,821 | €87,749 | €72,958 | €36,202 | €102,734 | ▲ 184% |
| Equity10/15 | -€56,538 | -€47,587 | -€63,263 | -€126,719 | -€106,933 | ▲ 15.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €9,800 | ▲ 58.1% |
| Profit (loss) carried forward14 | -€62,738 | -€53,787 | -€69,463 | -€132,919 | -€116,733 | ▲ 12.2% |
| Amounts payable17/49 | €92,359 | €135,336 | €136,221 | €162,921 | €209,667 | ▲ 28.7% |
| Amounts payable after more than one year17 | €10,002 | €7,349 | €4,537 | €1,556 | - | - |
| Amounts payable within one year42/48 | €82,357 | €127,987 | €131,684 | €161,365 | €209,667 | ▲ 29.9% |
| Trade debts44 | €19,425 | €207 | €6,707 | €54,447 | €658 | ▼ 98.8% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,738 | €8,951 | -€15,676 | -€63,456 | €16,186 | - |
| + Depreciation and write-downs630 | €8,993 | €5,841 | €5,470 | €5,458 | €3,180 | ▼ 41.7% |
| Operating cash flow (approximation) | -€53,745 | €14,792 | -€10,206 | -€57,998 | €19,366 | - |
| Investment in fixed assets (approximation) | - | -€1,803 | €0 | -€1,536 | €1,014 | - |
| Change in cash | - | €54,466 | -€46,509 | -€9,438 | €65,170 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2016 | full format | 31-08-2017 | 2017-58300240 | |
| 31-12-2015 | full format | 30-09-2016 | 2016-64200395 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-57300562 | |
| 31-12-2013 | full format | 31-08-2014 | 2014-57900229 | |
| 31-12-2012 | full format | 25-10-2013 | 2013-63800465 |