INSTAF
ActiveFinancials · financial year 2017, micro format
2018 annual accounts not yet filed, deadline passed on 31 October 2018 The financial year closed on 31 March 2018. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 8 financial years without a filing since the last one filed. Source: NBB filings, as of 2 November 2026.
Annual accounts 2017 filed on 12-12-2017 PDF all 5 filings
Turnover
≈ €150,000
Estimated: probably between €100,000 and €260,000
Total assets
€14,879▼ 36.8%
2016 · €23,552
Net result
-€1,420
2016 · €4,672
Working capital
-€299▲ 70.6%
2016 · -€1,017
Trend over the years
2013 to 2017, 5 financial years
The operating result for 2017 is 85% lower than in 2016.
Operating result€1,246
2017
Net result-€1,420
2017
Total assets€14,879
2017
Equity-€2,111
2017
Debt€16,990
2017
Working capital-€299
2017
Staff (FTE)1.3
2017
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result-€8,252-€9,857-€11,393€8,317€1,246▼ 85.0%
Net result-€7,460-€6,847-€10,950€4,672-€1,420
Equity-€1,260-€5,587-€5,363-€691▲ 87.1%-€2,111▼ 205%
Total assets€12,752-€17,720▲ 39.0%€27,471▲ 55.0%€23,552▼ 14.3%€14,879▼ 36.8%
Debt€14,012-€12,133▼ 13.4%€32,834▲ 171%€24,243▼ 26.2%€16,990▼ 29.9%
Working capital€3,409-€6,386▲ 87.3%€888▼ 86.1%-€1,017-€299▲ 70.6%
Staff (FTE)1-1=1=1.1▲ 10.0%1.3▲ 18.2%
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €14,879
Fixed assets
€1,494 ▲ 359%
Current assets
€13,385 ▼ 42.4%
Equity and liabilities
Equity-€2,111
Debt€16,990
Equity is negative. Debt (€16,990) exceeds the balance-sheet total (€14,879).
Key figures and ratios
EBITDA
€1,355▼
2016 · €8,549
Cash flow
-€1,311▼
2016 · €4,904
Solvency
-14.2%▼
2016 · -2.9%
Current ratio
0.98▲
2016 · 0.96
ROA
-9.5%▼
2016 · 19.8%
Debt ≤ 1 year
€13,684▼
2016 · €24,243
Debt > 1 year
€3,286
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,000 | €124 | €232 | €232 | €108 | ▼ 53.3% |
| Gross operating margin9900 | €80,331 | €68,398 | €50,940 | €65,717 | €50,318 | ▼ 23.4% |
| Operating profit (loss)9901 | -€8,252 | €9,857 | -€11,393 | €8,317 | €1,246 | ▼ 85.0% |
| Recurring financial income75 | €3 | €6 | €0 | €0 | €98 | ▲ 1,395× |
| Recurring financial charges65 | €201 | €209 | €218 | €3,858 | €2,764 | ▼ 28.4% |
| Profit (loss) for the period before taxes9903 | -€7,460 | €10,314 | -€10,950 | €5,022 | -€1,420 | - |
| Income taxes67/77 | - | €3,468 | -€0 | €350 | - | - |
| Profit (loss) for the period9904 | -€7,460 | €6,847 | -€10,950 | €4,672 | -€1,420 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,460 | €6,847 | -€10,950 | €4,672 | -€1,420 | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,752 | €17,720 | €27,471 | €23,552 | €14,879 | ▼ 36.8% |
| Fixed assets21/28 | - | €247 | €557 | €325 | €1,494 | ▲ 359% |
| Tangible fixed assets22/27 | - | €247 | €557 | €325 | €1,494 | ▲ 359% |
| Current assets29/58 | €12,752 | €17,473 | €26,913 | €23,227 | €13,385 | ▼ 42.4% |
| Amounts receivable within one year40/41 | €8,905 | €15,453 | €23,437 | €16,161 | €11,968 | ▼ 25.9% |
| Cash at bank and in hand54/58 | €3,683 | €1,846 | €160 | €6,555 | €263 | ▼ 96.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,752 | €17,720 | €27,471 | €23,552 | €14,879 | ▼ 36.8% |
| Equity10/15 | -€1,260 | €5,587 | -€5,363 | -€691 | -€2,111 | ▼ 205% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€7,460 | -€613 | -€11,563 | -€6,891 | -€8,311 | ▼ 20.6% |
| Amounts payable17/49 | €14,012 | €12,133 | €32,834 | €24,243 | €16,990 | ▼ 29.9% |
| Amounts payable after more than one year17 | - | - | - | - | €3,286 | - |
| Amounts payable within one year42/48 | €9,344 | €11,087 | €26,025 | €24,243 | €13,684 | ▼ 43.6% |
| Trade debts44 | €3,697 | €1,823 | €4,441 | €6,059 | €3,427 | ▼ 43.4% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,460 | €6,847 | -€10,950 | €4,672 | -€1,420 | - |
| + Depreciation and write-downs630 | €1,000 | €124 | €232 | €232 | €108 | ▼ 53.3% |
| Operating cash flow (approximation) | -€6,460 | €6,970 | -€10,718 | €4,904 | -€1,311 | - |
| Investment in fixed assets (approximation) | - | - | -€542 | €0 | -€1,277 | - |
| Change in cash | - | -€1,836 | -€1,686 | €6,394 | -€6,291 | - |
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 |
|---|---|---|---|---|
| 31-03-2017 | micro format | 12-12-2017 | 2017-71500021 | |
| 31-03-2016 | abbreviated format | 21-10-2016 | 2016-65900232 | |
| 31-03-2015 | abbreviated format | 22-10-2015 | 2015-65200416 | |
| 31-03-2014 | abbreviated format | 28-10-2014 | 2014-65500007 | |
| 31-03-2013 | abbreviated format | 22-11-2013 | 2013-66400168 |