JAVA FOODSERVICE
InactiveInactive; last annual accounts for fiscal year 2019.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 29-09-2019 was due by 29-04-2020 and was filed on 04-05-2020, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2019
5 d late
2018
55 d early
2017
68 d early
2016
35 d early
2015
20 d early
2014
32 d early
2013
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, full schema
Turnover
€108.54M▼ 23.8%
2018 · €142.50M
2018: €142.50M
2019: €108.54M▼ -23.8% vs 2018
2018 → 2019
EBIT margin
2.0%▲ 0.3pp
2018 · 1.8%
2018: 1.8%
2019: 2.0%▲ +14.8% vs 2018
2018 → 2019
Net result
€1.80M▼ 3.0%
2018 · €1.85M
2018: €1.85M
2019: €1.80M▼ -3.0% vs 2018
2018 → 2019
Working capital
€5.57M▲ 17.4%
2018 · €4.74M
2018: €4.74M
2019: €5.57M▲ +17.4% vs 2018
2018 → 2019
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Turnover€142.50M-€108.54M▼ 23.8%
2018: €142.50M
2019: €108.54M▼ -23.8% vs 2018
Equity€12.60M-€14.39M▲ 14.3%
2018: €12.60M
2019: €14.39M▲ +14.3% vs 2018
Operating result€2.53M-€2.21M▼ 12.6%
2018: €2.53M
2019: €2.21M▼ -12.6% vs 2018
Net result€1.85M-€1.80M▼ 3.0%
2018: €1.85M
2019: €1.80M▼ -3.0% vs 2018
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 13% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €62.35M
Fixed assets
€10.29M ▲ 17.9%
Current assets
€52.06M ▲ 21.4%
Equity and liabilities €62.35M
Equity
€14.39M ▲ 14.3%
Provisions
€17k ▼ 36.7%
Debt
€47.94M ▲ 23.0%
Debt's share of the balance-sheet total rises from 75.5% to 76.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.02M▼
2018 · €3.59M
Cash flow
€2.60M▼
2018 · €2.91M
Current ratio
1.12▼
2018 · 1.12
Quick ratio
0.98▲
2018 · 0.93
Debt to equity
0.02▼
2018 · 0.04
ROE
12.5%▼
2018 · 14.7%
ROA
2.9%▼
2018 · 3.6%
Interest coverage
35.03▲
2018 · 33.54
Debt ≤ 1 year
€46.49M▲
2018 · €38.13M
Debt > 1 year
€342k▼
2018 · €476k
Income taxes
€850k▼
2018 · €1.21M
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 · 2019 against 2018 · 29 lines
Balance sheet
Code20182019
Assets
Total assets20/58€51.60M€62.35M▲
Fixed assets21/28€8.73M€10.29M▲
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€8.27M€9.98M▲
Financial fixed assets28€456k€304k▼
Current assets29/58€42.87M€52.06M▲
Stocks and contracts in progress3€7.22M€6.48M▼
Amounts receivable within one year40/41€33.23M€40.75M▲
Cash at bank and in hand54/58€2.26M€4.29M▲
Equity and liabilities
Total equity and liabilities10/49€51.60M€62.35M▲
Equity10/15€12.60M€14.39M▲
Contributions10/11€1.12M€1.12M=
Reserves13€1.04M€1.04M=
Profit (loss) carried forward14€10.44M€12.23M▲
Provisions and deferred taxes16€28k€17k▼
Amounts payable17/49€38.98M€47.94M▲
Amounts payable after more than one year17€476k€342k▼
Amounts payable within one year42/48€38.13M€46.49M▲
Trade debts44€28.71M€30.08M▲
Income statement
Code20182019
Turnover70€142.50M€108.54M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.06M€808k▼
Operating profit (loss)9901€2.53M€2.21M▼
Recurring financial income75€811k€667k▼
Recurring financial charges65€280k€230k▼
Debt charges650€107k€86k▼
Profit (loss) for the period before taxes9903€3.06M€2.65M▼
Income taxes67/77€1.21M€850k▼
Profit (loss) for the period9904€1.85M€1.80M▼
Profit (loss) for the period to be appropriated9905€1.85M€1.80M▼
Accounts by statement
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €142.50M | €108.54M | ▼ 23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.06M | €808k | ▼ 23.8% |
| Operating profit (loss)9901 | €2.53M | €2.21M | ▼ 12.6% |
| Recurring financial income75 | €811k | €667k | ▼ 17.7% |
| Recurring financial charges65 | €280k | €230k | ▼ 18.0% |
| Debt charges650 | €107k | €86k | ▼ 19.5% |
| Profit (loss) for the period before taxes9903 | €3.06M | €2.65M | ▼ 13.4% |
| Income taxes67/77 | €1.21M | €850k | ▼ 29.5% |
| Profit (loss) for the period9904 | €1.85M | €1.80M | ▼ 3.0% |
| Profit (loss) for the period to be appropriated9905 | €1.85M | €1.80M | ▼ 3.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €51.60M | €62.35M | ▲ 20.8% |
| Fixed assets21/28 | €8.73M | €10.29M | ▲ 17.9% |
| Intangible fixed assets21 | €6k | €4k | ▼ 37.1% |
| Tangible fixed assets22/27 | €8.27M | €9.98M | ▲ 20.8% |
| Financial fixed assets28 | €456k | €304k | ▼ 33.3% |
| Current assets29/58 | €42.87M | €52.06M | ▲ 21.4% |
| Stocks and contracts in progress3 | €7.22M | €6.48M | ▼ 10.3% |
| Amounts receivable within one year40/41 | €33.23M | €40.75M | ▲ 22.6% |
| Cash at bank and in hand54/58 | €2.26M | €4.29M | ▲ 90.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €51.60M | €62.35M | ▲ 20.8% |
| Equity10/15 | €12.60M | €14.39M | ▲ 14.3% |
| Contributions10/11 | €1.12M | €1.12M | = |
| Reserves13 | €1.04M | €1.04M | = |
| Profit (loss) carried forward14 | €10.44M | €12.23M | ▲ 17.2% |
| Provisions and deferred taxes16 | €28k | €17k | ▼ 36.7% |
| Amounts payable17/49 | €38.98M | €47.94M | ▲ 23.0% |
| Amounts payable after more than one year17 | €476k | €342k | ▼ 28.1% |
| Amounts payable within one year42/48 | €38.13M | €46.49M | ▲ 21.9% |
| Trade debts44 | €28.71M | €30.08M | ▲ 4.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1.85M | €1.80M | ▼ 3.0% |
| + Depreciation and write-downs630 | €1.06M | €808k | ▼ 23.8% |
| Operating cash flow (approximation) | €2.91M | €2.60M | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | €-2.37M | - |
| Change in cash | - | €2.04M | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2020
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
14-10
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
16-08
State Gazette act
Merger · Corporate purpose
Accounting effect · Real estate
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
State Gazette act
General meeting · Director reappointment
Power of attorney · Director resignation
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
12-05
State Gazette act
General meeting · Director reappointment
Director resignation · Director appointment
2013
02-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
29-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
30-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
State Gazette actNBB filing
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
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Acquisitions and mergers
1 transactionTaken over by:SLIGRO-ISPC BELGIUM