INDICATOR
InactiveInactive; last annual accounts for fiscal year 2016.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 10-05-2017, 82 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2016
82 d early
2015
73 d early
2014
50 d early
2013
49 d early
2012
49 d early
2011
48 d early
2010
47 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2016, full schema, statutory accounts
Turnover
€11.42M▼ 1.4%
2015 · €11.59M
2015: €11.59M
2015 → 2016
EBIT margin
7.4%▲ 1.9pp
2015 · 5.5%
2015: 5.5%
2015 → 2016
Net result
€795k▼ 32.6%
2015 · €1.18M
2012: €3.09M
2013: €-8k
2014: €-12k
2015: €1.18M
2012 → 2016
Working capital
€5.89M▲ 16.8%
2015 · €5.04M
2012: €125k
2013: €4k
2014: €-501
2015: €5.04M
2012 → 2016
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20122013201420152016Trend
Turnover€11.59M€11.42M▼ 1.4%
Equity€8.03M-€8.03M▼ 0.1%€8.01M▼ 0.2%€9.19M▲ 14.7%€9.99M▲ 8.6%
Operating result€-31k-€-7k▲ 77.3%€-11k▼ 58.7%€634k€847k▲ 33.6%
Net result€3.09M-€-8k€-12k▼ 50.4%€1.18M€795k▼ 32.6%
Result per fiscal year
Operating resultNet result
After the dip in 2014 the operating result has climbed two years in a row; 2016 is 34% above 2015 and is the highest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €15.79M
Fixed assets
€7.95M ▼ 0.6%
Current assets
€7.84M ▼ 18.7%
Equity and liabilities €15.79M
Equity
€9.99M ▲ 8.6%
Debt
€5.80M ▼ 31.3%
Debt's share of the balance-sheet total falls from 47.9% to 36.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€957k▲
2015 · €769k
Cash flow
€905k▼
2015 · €1.31M
Current ratio
4.02▲
2015 · 2.09
Quick ratio
3.95▲
2015 · 2.06
ROE
8.0%▼
2015 · 12.8%
ROA
5.0%▼
2015 · 6.7%
Interest coverage
37.58▲
2015 · 17.24
Debt ≤ 1 year
€1.95M▼
2015 · €4.60M
Income taxes
€41k▲
2015 · €-2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2016 against 2015 · 28 lines
Balance sheet
Code20152016
Assets
Total assets20/58€17.64M€15.79M▼
Fixed assets21/28€8.00M€7.95M▼
Intangible fixed assets21€78k€84k▲
Tangible fixed assets22/27€135k€83k▼
Financial fixed assets28€7.78M€7.78M=
Current assets29/58€9.64M€7.84M▼
Stocks and contracts in progress3€183k€131k▼
Amounts receivable within one year40/41€5.39M€5.87M▲
Current investments50/53€3.89M€1.64M▼
Cash at bank and in hand54/58€74k€77k▲
Equity and liabilities
Total equity and liabilities10/49€17.64M€15.79M▼
Equity10/15€9.19M€9.99M▲
Contributions10/11€4.77M€4.77M=
Reserves13€4.42M€5.22M▲
Profit (loss) carried forward14€-8k€-21k▼
Amounts payable17/49€8.45M€5.80M▼
Amounts payable within one year42/48€4.60M€1.95M▼
Trade debts44€895k€841k▼
Income statement
Code20152016
Turnover70€11.59M€11.42M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135k€110k▼
Operating profit (loss)9901€634k€847k▲
Recurring financial income75€42k€41k▼
Recurring financial charges65€61k€53k▼
Debt charges650€45k€25k▼
Profit (loss) for the period before taxes9903€1.18M€836k▼
Income taxes67/77€-2k€41k▲
Profit (loss) for the period9904€1.18M€795k▼
Profit (loss) for the period to be appropriated9905€1.18M€795k▼
Timeline · acts, filings and financial milestones
2017
04-08
State Gazette act
General meeting · Merger
Merger balance sheet · Capital increase
04-08
State Gazette act
General meeting · Merger
Net-asset statement · Accounting effect
31-05
State Gazette act
Merger · Corporate purpose
Net-asset statement · Share issue
31-05
State Gazette act
Merger · Corporate purpose
Net-asset statement · Share issue
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
19-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-12
Financial
Back to profitnet €1.18M
Net result €1.18M after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.09
Current ratio from 0.76 to 2.09.
11-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
12-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Show earlier events
2012
13-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
13-06
NBB filing
Annual accounts filed
fiscal year 2011 · consolidated
2011
14-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
14-06
NBB filing
Annual accounts filed
fiscal year 2010 · consolidated
2010
16-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
Acquisitions and mergers
1 transactionTaken over by:GROEP LARCIER