Financials · financial year 2017, micro format
2018 annual accounts not yet filed, deadline passed on 30 April 2019 The financial year closed on 30 September 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 4 November 2026.
Annual accounts 2017 filed on 23-04-2018 PDF all 15 filings
Turnover
≈ €150,000
Estimated: probably between €100,000 and €270,000
Total assets
€443,143▲ 13.2%
2016 · €391,578
Net result
€144,984
2016 · -€13,137
Working capital
€245,691▲ 53.0%
2016 · €160,619
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
€50,468
2017
20132017
Net result
€144,984
2017
20132017
Equity
€247,825
▲ 141%
2017
20132017
Total assets
€443,143
▲ 13.2%
2017
20132017
Debt
€195,318
▲ 72×
2017
20132017
Working capital
€245,691
▲ 53.0%
2017
20132017
Staff (FTE)
no figure
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result-€38,149--€16,269▲ 57.4%-€11,696▲ 28.1%-€21,298▼ 82.1%€50,468
Net result€550,430--€9,958€16,156-€13,137€144,984
Equity€202,783-€192,824▼ 4.9%€208,981▲ 8.4%€102,842▼ 50.8%€247,825▲ 141%
Total assets€489,893-€480,030▼ 2.0%€496,186▲ 3.4%€391,578▼ 21.1%€443,143▲ 13.2%
Debt€1,100-€1,195▲ 8.6%€1,195=€2,726▲ 128%€195,318▲ 72×
Working capital€109,067-€99,361▼ 8.9%€256,241▲ 158%€160,619▼ 37.3%€245,691▲ 53.0%
Staff (FTE)0.4-
The operating result for 2017 is a profit of €50,468, after a loss of €21,298 in 2016. It is the highest result since 2013.
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 €443,143
Fixed assets
€2,134 ▼ 99.1%
Current assets
€441,009 ▲ 170%
Equity and liabilities €443,143
Equity
€247,825 ▲ 141%
Provisions
€0 ▼ 100%
Debt
€195,318 ▲ 72×
Debt's share of the balance-sheet total rises from 0.7% to 44.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,835▲
2016 · -€9,682
Cash flow
€145,350▲
2016 · -€1,521
Current ratio
2.26▼
2016 · 59.93
ROE
58.5%▲
2016 · -12.8%
ROA
32.7%▲
2016 · -3.4%
Debt ≤ 1 year
€195,318▲
2016 · €2,726
Income taxes
€194,081▲
2016 · €34
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 | €234 | €234 | €17,813 | €11,616 | €366 | ▼ 96.8% |
| Gross operating margin9900 | -€30,328 | -€14,576 | €8,904 | -€8,392 | €51,480 | - |
| Operating profit (loss)9901 | -€38,149 | -€16,269 | -€11,696 | -€21,298 | €50,468 | - |
| Recurring financial income75 | €752 | €6,930 | €7,838 | €8,879 | €2,749 | ▼ 69.0% |
| Recurring financial charges65 | €82,004 | €619 | €92 | €684 | €164 | ▼ 76.1% |
| Profit (loss) for the period before taxes9903 | €836,556 | -€9,958 | €16,050 | -€13,103 | €53,054 | - |
| Income taxes67/77 | €116 | - | -€107 | €34 | €194,081 | ▲ 5,703× |
| Profit (loss) for the period9904 | €550,430 | -€9,958 | €16,156 | -€13,137 | €144,984 | - |
| Profit (loss) for the period to be appropriated9905 | €121,415 | -€9,958 | €16,156 | -€13,137 | €573,999 | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €489,893 | €480,030 | €496,186 | €391,578 | €443,143 | ▲ 13.2% |
| Fixed assets21/28 | €379,726 | €379,474 | €238,750 | €228,233 | €2,134 | ▼ 99.1% |
| Tangible fixed assets22/27 | €468 | €234 | €238,750 | €228,233 | €1,843 | ▼ 99.2% |
| Financial fixed assets28 | €379,259 | €379,240 | - | - | €291 | - |
| Current assets29/58 | €110,166 | €100,556 | €257,436 | €163,345 | €441,009 | ▲ 170% |
| Amounts receivable within one year40/41 | €59,389 | €92,959 | €92,321 | €6,955 | €23,382 | ▲ 236% |
| Current investments50/53 | - | - | - | €29,234 | €29,234 | = |
| Cash at bank and in hand54/58 | €50,778 | €7,597 | €165,115 | €127,156 | €388,393 | ▲ 205% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €489,893 | €480,030 | €496,186 | €391,578 | €443,143 | ▲ 13.2% |
| Equity10/15 | €202,783 | €192,824 | €208,981 | €102,842 | €247,825 | ▲ 141% |
| Contributions10/11 | €111,552 | €111,552 | €111,552 | €18,550 | €18,550 | = |
| Reserves13 | €429,016 | €429,016 | €429,016 | €429,016 | €300,000 | ▼ 30.1% |
| Profit (loss) carried forward14 | -€337,785 | -€347,743 | -€331,587 | -€344,724 | -€70,725 | ▲ 79.5% |
| Provisions and deferred taxes16 | €286,010 | €286,010 | €286,010 | €286,010 | - | - |
| Amounts payable17/49 | €1,100 | €1,195 | €1,195 | €2,726 | €195,318 | ▲ 72× |
| Amounts payable within one year42/48 | €1,100 | €1,195 | €1,195 | €2,726 | €195,318 | ▲ 72× |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €550,430 | -€9,958 | €16,156 | -€13,137 | €144,984 | - |
| + Depreciation and write-downs630 | €234 | €234 | €17,813 | €11,616 | €366 | ▼ 96.8% |
| Operating cash flow (approximation) | €550,664 | -€9,724 | €33,969 | -€1,521 | €145,350 | - |
| Investment in fixed assets (approximation) | - | €19 | €122,911 | -€1,099 | €225,732 | - |
| Change in cash | - | -€43,181 | €157,518 | -€37,960 | €261,237 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2017 | micro format | 23-04-2018 | 2018-10400337 | |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-08100195 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-07800429 | |
| 30-09-2014 | abbreviated format | 30-03-2015 | 2015-08100022 | |
| 30-09-2013 | abbreviated format | 28-04-2014 | 2014-10500535 | |
| 30-09-2012 | abbreviated format | 29-04-2013 | 2013-10600291 | |
| 30-09-2011 | abbreviated format | 24-04-2012 | 2012-09400376 | |
| 30-09-2010 | abbreviated format | 27-04-2011 | 2011-08900474 | |
| 30-09-2009 | abbreviated format | 29-04-2010 | 2010-10000472 | |
| 30-09-2008 | abbreviated format | 30-04-2009 | 2009-12400224 |