INTRO
Dissolved on 19-11-2025Financials · financial year 2014, abbreviated format
Annual accounts 2014 filed on 19-03-2015 PDF all 5 filings
Turnover
≈ €800,000
Estimated: probably between €480,000 and €1.4m
Total assets
€148,209▼ 29.0%
2013 · €208,774
Net result
€1,745▼ 63.2%
2013 · €4,743
Working capital
€94,019▼ 10.0%
2013 · €104,508
Multi-year overview
2010 to 2014, 5 financial yearsOperating result
€3,864
2014
20102014
Net result
€1,745
▼ 63.2%
2014
20102014
Equity
€40,777
▲ 4.5%
2014
20102014
Total assets
€148,209
▼ 29.0%
2014
20102014
Debt
€67,431
▼ 48.0%
2014
20102014
Working capital
€94,019
▼ 10.0%
2014
20102014
Staff (FTE)
6.2
=
2014
20102014
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20102011201220132014
Operating result€18,033-€13,130▼ 27.2%-€47,175-€38,701▲ 18.0%€3,864
Net result€17,716-€13,706▼ 22.6%€5,080▼ 62.9%€4,743▼ 6.6%€1,745▼ 63.2%
Equity€15,504-€29,210▲ 88.4%€34,290▲ 17.4%€39,033▲ 13.8%€40,777▲ 4.5%
Total assets€128,998-€244,564▲ 89.6%€253,361▲ 3.6%€208,774▼ 17.6%€148,209▼ 29.0%
Debt€113,495-€215,354▲ 89.7%€194,070▼ 9.9%€129,741▼ 33.1%€67,431▼ 48.0%
Working capital€15,542-€116,435▲ 649%€91,041▼ 21.8%€104,508▲ 14.8%€94,019▼ 10.0%
Staff (FTE)7.3-6.9▼ 5.5%6.2▼ 10.1%6.2=6.2=
The operating result for 2014 is a profit of €3,864, after a loss of €38,701 in 2013. It is the highest result since 2011.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Equity and liabilities €148,209
Equity
€40,777 ▲ 4.5%
Provisions
€40,000 =
Debt
€67,431 ▼ 48.0%
Debt's share of the balance-sheet total falls from 62.1% to 45.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.74▲
2013 · 2.00
ROE
4.3%▼
2013 · 12.2%
ROA
1.2%▼
2013 · 2.3%
Debt ≤ 1 year
€54,189▼
2013 · €104,266
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | €282,336 | €342,638 | €250,608 | €295,996 | €339,591 | ▲ 14.7% |
| Operating profit (loss)9901 | €18,033 | €13,130 | -€47,175 | -€38,701 | €3,864 | - |
| Recurring financial income75 | €261 | €594 | €1,128 | €1,090 | €481 | ▼ 55.9% |
| Recurring financial charges65 | €579 | €18 | €180 | €405 | €30 | ▼ 92.5% |
| Profit (loss) for the period before taxes9903 | €17,716 | €13,706 | -€46,226 | -€38,016 | €4,315 | - |
| Profit (loss) for the period9904 | €17,716 | €13,706 | €5,080 | €4,743 | €1,745 | ▼ 63.2% |
| Profit (loss) for the period to be appropriated9905 | - | - | - | - | €1,745 | - |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,998 | €244,564 | €253,361 | €208,774 | €148,209 | ▼ 29.0% |
| Current assets29/58 | €128,998 | €244,564 | €253,361 | €208,774 | €148,209 | ▼ 29.0% |
| Amounts receivable within one year40/41 | €5,320 | €12,377 | €5,814 | €22,227 | €39,025 | ▲ 75.6% |
| Cash at bank and in hand54/58 | €123,678 | €146,567 | €207,979 | €160,621 | €60,627 | ▼ 62.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,998 | €244,564 | €253,361 | €208,774 | €148,209 | ▼ 29.0% |
| Equity10/15 | €15,504 | €29,210 | €34,290 | €39,033 | €40,777 | ▲ 4.5% |
| Profit (loss) carried forward14 | €17,716 | €13,706 | €5,080 | €4,743 | €1,745 | ▼ 63.2% |
| Provisions and deferred taxes16 | - | - | €25,000 | €40,000 | €40,000 | = |
| Amounts payable17/49 | €113,495 | €215,354 | €194,070 | €129,741 | €67,431 | ▼ 48.0% |
| Amounts payable within one year42/48 | €113,457 | €128,129 | €162,320 | €104,266 | €54,189 | ▼ 48.0% |
| Trade debts44 | €14,963 | €6,246 | €47,853 | €15,415 | €10,564 | ▼ 31.5% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,716 | €13,706 | €5,080 | €4,743 | €1,745 | ▼ 63.2% |
| Operating cash flow (approximation) | €17,716 | €13,706 | €5,080 | €4,743 | €1,745 | ▼ 63.2% |
| Change in cash | - | €22,888 | €61,412 | -€47,358 | -€99,994 | ▼ 111% |
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 |
|---|---|---|---|---|
| 31-12-2014 | abbreviated format | 19-03-2015 | 2015-06500137 | |
| 31-12-2013 | abbreviated format | 28-03-2014 | 2014-07500158 | |
| 31-12-2012 | abbreviated format | 19-03-2013 | 2013-06500485 | |
| 31-12-2011 | abbreviated format | 24-04-2012 | 2012-09100352 | |
| 31-12-2010 | abbreviated format | 26-04-2011 | 2011-09800294 |