IN SHAPE PROJECTS
Open bankruptcyFinancials · financial year 2016, micro format
2016 annual accounts filed 106 days after the deadline Filed on 14 November 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-69500532.
Annual accounts 2016 filed on 14-11-2017 PDF all 10 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€0
2015 · €0
Total assets
€661,181▼ 0.3%
2015 · €663,364
Net result
€29,856▲ 517%
2015 · €4,838
Working capital
-€38,549▲ 59.0%
2015 · -€93,976
Multi-year overview
2012 to 2016, 5 financial yearsTurnover
€0
2016
20122016
Operating result
€43,237
▲ 88.8%
2016
20122016
Net result
€29,856
▲ 517%
2016
20122016
Equity
€145,677
▲ 25.8%
2016
20122016
Total assets
€661,181
▼ 0.3%
2016
20122016
Debt
€480,504
▼ 6.3%
2016
20122016
Working capital
-€38,549
▲ 59.0%
2016
20122016
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Turnover€0€0
Operating result-€28,785-€35,454€108,549▲ 206%€22,904▼ 78.9%€43,237▲ 88.8%
Net result-€46,187-€18,398€89,993▲ 389%€4,838▼ 94.6%€29,856▲ 517%
Equity-€108-€20,990€110,983▲ 429%€115,821▲ 4.4%€145,677▲ 25.8%
Total assets€347,644-€299,245▼ 13.9%€589,349▲ 96.9%€663,364▲ 12.6%€661,181▼ 0.3%
Debt€347,752-€278,255▼ 20.0%€408,366▲ 46.8%€512,543▲ 25.5%€480,504▼ 6.3%
Working capital-€31,954--€47,874▼ 49.8%€68,156-€93,976-€38,549▲ 59.0%
The operating result for 2016 is 89% higher than in 2015. It is a recovery after the fall in 2015.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €661,181
Fixed assets
€330,275 ▼ 16.2%
Current assets
€330,906 ▲ 22.9%
Equity and liabilities €661,181
Equity
€145,677 ▲ 25.8%
Provisions
€35,000 =
Debt
€480,504 ▼ 6.3%
Debt's share of the balance-sheet total falls from 77.3% to 72.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66,929▼
2015 · €78,815
Cash flow
€53,548▼
2015 · €60,749
Current ratio
0.90▲
2015 · 0.74
Debt to equity
0.76▼
2015 · 1.29
ROE
20.5%▲
2015 · 4.2%
ROA
4.5%▲
2015 · 0.7%
Debt ≤ 1 year
€369,454▲
2015 · €363,324
Debt > 1 year
€111,049▼
2015 · €149,219
Income taxes
€0▼
2015 · €4,277
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 | - | - | - | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,277 | €9,532 | €19,352 | €55,911 | €23,692 | ▼ 57.6% |
| Gross operating margin9900 | -€12,532 | €49,842 | €201,528 | €61,649 | €82,615 | ▲ 34.0% |
| Operating profit (loss)9901 | -€28,785 | €35,454 | €108,549 | €22,904 | €43,237 | ▲ 88.8% |
| Recurring financial income75 | - | - | €53 | €90 | €1 | ▼ 99.3% |
| Recurring financial charges65 | €17,402 | €17,056 | €18,600 | €13,880 | €13,381 | ▼ 3.6% |
| Profit (loss) for the period before taxes9903 | -€46,187 | €18,398 | €90,002 | €9,115 | €29,856 | ▲ 228% |
| Income taxes67/77 | - | - | €9 | €4,277 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€46,187 | €18,398 | €89,993 | €4,838 | €29,856 | ▲ 517% |
| Profit (loss) for the period to be appropriated9905 | -€46,187 | €18,398 | €89,993 | €4,838 | €29,856 | ▲ 517% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €347,644 | €299,245 | €589,349 | €663,364 | €661,181 | ▼ 0.3% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €269,488 | €262,415 | €282,276 | €394,016 | €330,275 | ▼ 16.2% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €269,488 | €262,415 | €282,276 | €394,016 | €330,275 | ▼ 16.2% |
| Financial fixed assets28 | - | - | - | €0 | €0 | - |
| Current assets29/58 | €78,156 | €36,830 | €307,073 | €269,348 | €330,906 | ▲ 22.9% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €71,888 | €23,056 | €203,565 | €179,309 | €214,459 | ▲ 19.6% |
| Current investments50/53 | - | - | - | €0 | €0 | - |
| Cash at bank and in hand54/58 | €6,268 | €13,774 | €69,973 | €54,826 | €80,886 | ▲ 47.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €347,644 | €299,245 | €589,349 | €663,364 | €661,181 | ▼ 0.3% |
| Equity10/15 | -€108 | €20,990 | €110,983 | €115,821 | €145,677 | ▲ 25.8% |
| Contributions10/11 | €15,900 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€17,868 | €530 | €90,523 | €95,361 | €125,217 | ▲ 31.3% |
| Provisions and deferred taxes16 | - | - | €70,000 | €35,000 | €35,000 | = |
| Amounts payable17/49 | €347,752 | €278,255 | €408,366 | €512,543 | €480,504 | ▼ 6.3% |
| Amounts payable after more than one year17 | €237,642 | €193,551 | €169,449 | €149,219 | €111,049 | ▼ 25.6% |
| Amounts payable within one year42/48 | €110,110 | €84,704 | €238,917 | €363,324 | €369,454 | ▲ 1.7% |
| Trade debts44 | €106,657 | €2,354 | €160,527 | €236,995 | €255,075 | ▲ 7.6% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,187 | €18,398 | €89,993 | €4,838 | €29,856 | ▲ 517% |
| + Depreciation and write-downs630 | €13,277 | €9,532 | €19,352 | €55,911 | €23,692 | ▼ 57.6% |
| Operating cash flow (approximation) | -€32,910 | €27,930 | €109,345 | €60,749 | €53,548 | ▼ 11.9% |
| Investment in fixed assets (approximation) | - | -€2,459 | -€39,213 | -€167,651 | €40,049 | - |
| Change in cash | - | €7,506 | €56,199 | -€15,147 | €26,059 | - |
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 (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2016 | micro format | 14-11-2017 | 2017-69500532 | |
| 31-12-2015 | abbreviated format | 03-11-2016 | 2016-67100500 | |
| 31-12-2014 | abbreviated format | 12-10-2015 | 2015-64700251 | |
| 31-12-2013 | abbreviated format | 11-07-2014 | 2014-29000234 | |
| 31-12-2012 | abbreviated format | 25-11-2013 | 2013-66900401 | |
| 31-12-2011 | abbreviated format | 21-12-2012 | 2012-67700352 | |
| 31-12-2010 | abbreviated format | 30-12-2011 | 2011-66000298 | |
| 31-12-2009 | abbreviated format | 31-12-2010 | 2010-65200532 | |
| 31-12-2008 | abbreviated format | 14-12-2009 | 2009-89200386 | |
| 31-12-2007 | abbreviated format | 06-02-2008 | 2008-03900010 |