KOHEN GROUP
BankruptcyFinancials · financial year 2015, abbreviated format
2015 annual accounts filed 151 days after the deadline Filed on 30 June 2016, deadline 31 January 2016 (7 months after the close on 30 June 2015, Companies Code art. 3:10). Source: NBB, 2016-28500040.
Annual accounts 2015 filed on 30-06-2016 PDF all 4 filings
Equity
€171,750▼ 6.2%
2014 · €183,167
Total assets
€176,548▼ 7.4%
2014 · €190,581
Net result
-€11,417▼ 0.3%
2014 · -€11,381
Working capital
€170,496▼ 5.5%
2014 · €180,441
Multi-year overview
2012 to 2015, 4 financial yearsOperating result
-€16,255
▼ 10.3%
2015
20122015
Net result
-€11,417
▼ 0.3%
2015
20122015
Equity
€171,750
▼ 6.2%
2015
20122015
Total assets
€176,548
▼ 7.4%
2015
20122015
Debt
€4,798
▼ 35.3%
2015
20122015
Working capital
€170,496
▼ 5.5%
2015
20122015
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2012201320142015
Operating result-€2,950--€11,532▼ 291%-€14,743▼ 27.8%-€16,255▼ 10.3%
Net result€1,850--€7,301-€11,381▼ 55.9%-€11,417▼ 0.3%
Equity€201,850-€194,549▼ 3.6%€183,167▼ 5.9%€171,750▼ 6.2%
Total assets€211,494-€206,916▼ 2.2%€190,581▼ 7.9%€176,548▼ 7.4%
Debt€9,644-€12,367▲ 28.2%€7,413▼ 40.1%€4,798▼ 35.3%
Working capital€196,077-€190,286▼ 3.0%€180,441▼ 5.2%€170,496▼ 5.5%
The operating result for 2015 is a loss of €16,255, larger than the loss of €14,743 in 2014. It is the lowest result since 2012.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €176,548
Fixed assets
€1,443 ▼ 50.0%
Current assets
€175,105 ▼ 6.7%
Equity and liabilities €176,548
Equity
€171,750 ▼ 6.2%
Debt
€4,798 ▼ 35.3%
Debt's share of the balance-sheet total falls from 3.9% to 2.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,812▼
2014 · -€13,299
Cash flow
-€9,974▼
2014 · -€9,938
Current ratio
37.99▲
2014 · 25.88
ROE
-6.6%▼
2014 · -6.2%
ROA
-6.5%▼
2014 · -6.0%
Debt ≤ 1 year
€4,609▼
2014 · €7,253
Income taxes
€181=
2014 · €181
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,443 | €1,443 | €1,443 | €1,443 | = |
| Gross operating margin9900 | -€1,507 | -€7,777 | -€10,666 | -€11,823 | ▼ 10.8% |
| Operating profit (loss)9901 | -€2,950 | -€11,532 | -€14,743 | -€16,255 | ▼ 10.3% |
| Recurring financial income75 | €4,802 | €6,070 | €5,747 | €5,898 | ▲ 2.6% |
| Recurring financial charges65 | €2 | €1,715 | €2,204 | €879 | ▼ 60.1% |
| Profit (loss) for the period before taxes9903 | €1,850 | -€7,177 | -€11,200 | -€11,236 | ▼ 0.3% |
| Income taxes67/77 | - | €124 | €181 | €181 | = |
| Profit (loss) for the period9904 | €1,850 | -€7,301 | -€11,381 | -€11,417 | ▼ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €1,850 | -€7,301 | -€11,381 | -€11,417 | ▼ 0.3% |
| Line | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €211,494 | €206,916 | €190,581 | €176,548 | ▼ 7.4% |
| Formation expenses20 | €2,467 | €1,850 | €1,234 | €617 | ▼ 50.0% |
| Fixed assets21/28 | €5,773 | €4,330 | €2,886 | €1,443 | ▼ 50.0% |
| Tangible fixed assets22/27 | €3,306 | €2,479 | €1,653 | €826 | ▼ 50.0% |
| Current assets29/58 | €205,721 | €202,586 | €187,694 | €175,105 | ▼ 6.7% |
| Amounts receivable within one year40/41 | €4,770 | €930 | €2,027 | €890 | ▼ 56.1% |
| Cash at bank and in hand54/58 | €951 | €90 | €83 | €833 | ▲ 908% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €211,494 | €206,916 | €190,581 | €176,548 | ▼ 7.4% |
| Equity10/15 | €201,850 | €194,549 | €183,167 | €171,750 | ▼ 6.2% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €1,850 | €1,850 | €1,850 | €1,850 | = |
| Profit (loss) carried forward14 | - | -€7,301 | -€18,683 | -€30,100 | ▼ 61.1% |
| Amounts payable17/49 | €9,644 | €12,367 | €7,413 | €4,798 | ▼ 35.3% |
| Amounts payable within one year42/48 | €9,644 | €12,300 | €7,253 | €4,609 | ▼ 36.5% |
| Trade debts44 | €1,352 | €1,976 | €1,695 | €1,582 | ▼ 6.7% |
| Line | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,850 | -€7,301 | -€11,381 | -€11,417 | ▼ 0.3% |
| + Depreciation and write-downs630 | €1,443 | €1,443 | €1,443 | €1,443 | = |
| Operating cash flow (approximation) | €3,293 | -€5,858 | -€9,938 | -€9,974 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0 | - |
| Change in cash | - | -€862 | -€7 | €751 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.