L.B.S.
InactiveInactive; last annual accounts for fiscal year 2015.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-04-2015 was due by 30-11-2015 and was filed on 18-05-2016, 170 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2015
170 d late
2014
136 d early
2013
147 d early
2012
126 d early
2011
154 d early
2010
11 d early
2009
152 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2015, full schema
Turnover
€14.1m▼ 28.3%
2014 · €19.7m
EBIT margin
16.6%▼ 2.1pp
2014 · 18.7%
Net result
€275,730▼ 95.3%
2014 · €5.9m
Working capital
-€4.6m▼ 248%
2014 · -€1.3m
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20112012201320142015
Turnover€19.0m-€20.4m▲ 7.6%€18.3m▼ 10.3%€19.7m▲ 7.6%€14.1m▼ 28.3%
Operating result€4.4m-€5.1m▲ 15.1%€4.3m▼ 16.3%€3.7m▼ 14.0%€2.3m▼ 36.5%
Net result€2.0m-€3.0m▲ 55.9%€7.0m▲ 129%€5.9m▼ 15.6%€275,730▼ 95.3%
EBIT margin23.5%-25.1%▲ 1.6pp23.4%▼ 1.7pp18.7%▼ 4.7pp16.6%▼ 2.1pp
Equity€174,173-€5.5m▲ 3,072%€5.9m▲ 7.0%€6.0m▲ 0.8%€6.2m▲ 4.6%
Total assets€38.7m-€44.8m▲ 15.8%€46.4m▲ 3.6%€41.6m▼ 10.3%€43.7m▲ 4.9%
Debt€38.5m-€39.3m▲ 2.0%€40.5m▲ 3.0%€35.7m▼ 12.0%€37.4m▲ 5.0%
Working capital€629,491-€5.7m▲ 808%€2.4m▼ 57.3%-€1.3m-€4.6m▼ 248%
Staff (FTE)116.6-121▲ 3.8%118.7▼ 1.9%117.1▼ 1.3%140.7▲ 20.2%
Why a figure moved sharply
- 2015 Net result -95% on 2014. This fiscal year ran 7 months, the previous one 12.
- 2013 Net result +129% on 2012. This fiscal year ran 11 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2015 is 37% below 2014 and is the lowest result in the available series.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €43.7m
Fixed assets
€38.1m ▲ 14.8%
Current assets
€5.6m ▼ 34.0%
Equity and liabilities €43.7m
Equity
€6.2m ▲ 4.6%
Provisions
€23,673 =
Debt
€37.4m ▲ 5.0%
Debt's share of the balance-sheet total stays at 85.7%.
Key figures and ratios
EBITDA
€2.8m▼
2014 · €4.3m
Cash flow
€728,243▼
2014 · €6.5m
Current ratio
0.55▼
2014 · 0.86
Quick ratio
0.50▼
2014 · 0.82
Debt to equity
3.97▼
2014 · 4.21
ROE
4.4%▼
2014 · 99.0%
ROA
0.6%▼
2014 · 14.2%
Interest coverage
1.72▲
2014 · 1.51
Debt ≤ 1 year
€10.2m▲
2014 · €9.8m
Debt > 1 year
€24.7m▼
2014 · €25.1m
Income taxes
€264,128▼
2014 · €467,917
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €19.0m | €20.4m | €18.3m | €19.7m | €14.1m | ▼ 28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €865,608 | €690,444 | €492,350 | €574,059 | €452,513 | ▼ 21.2% |
| Operating profit (loss)9901 | €4.4m | €5.1m | €4.3m | €3.7m | €2.3m | ▼ 36.5% |
| Recurring financial income75 | €9,580 | €2.0m | €6.3m | €5.5m | €1,065 | ▼ 100.0% |
| Recurring financial charges65 | €1.4m | €3.4m | €2.8m | €2.9m | €1.7m | ▼ 41.2% |
| Debt charges650 | €1.4m | €3.4m | €2.8m | €2.8m | €1.6m | ▼ 42.5% |
| Profit (loss) for the period before taxes9903 | €3.1m | €3.7m | €7.8m | €6.4m | €539,858 | ▼ 91.5% |
| Income taxes67/77 | €1.1m | €687,384 | €828,775 | €467,917 | €264,128 | ▼ 43.6% |
| Profit (loss) for the period9904 | €2.0m | €3.0m | €7.0m | €5.9m | €275,730 | ▼ 95.3% |
| Profit (loss) for the period to be appropriated9905 | €2.0m | €3.0m | €7.0m | €5.9m | €275,730 | ▼ 95.3% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38.7m | €44.8m | €46.4m | €41.6m | €43.7m | ▲ 4.9% |
| Fixed assets21/28 | €32.4m | €32.4m | €33.2m | €33.2m | €38.1m | ▲ 14.8% |
| Intangible fixed assets21 | €155,670 | €456,647 | €1.3m | €1.2m | €5.5m | ▲ 346% |
| Tangible fixed assets22/27 | €983,683 | €766,067 | €677,874 | €740,114 | €1.4m | ▲ 85.2% |
| Financial fixed assets28 | €31.2m | €31.2m | €31.2m | €31.2m | €31.2m | = |
| Current assets29/58 | €6.3m | €12.4m | €13.3m | €8.4m | €5.6m | ▼ 34.0% |
| Stocks and contracts in progress3 | €396,613 | €336,349 | €386,494 | €385,452 | €477,515 | ▲ 23.9% |
| Amounts receivable within one year40/41 | €3.6m | €3.6m | €2.8m | €3.9m | €4.6m | ▲ 16.9% |
| Cash at bank and in hand54/58 | €2.3m | €8.3m | €9.9m | €4.0m | €281,319 | ▼ 93.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38.7m | €44.8m | €46.4m | €41.6m | €43.7m | ▲ 4.9% |
| Equity10/15 | €174,173 | €5.5m | €5.9m | €6.0m | €6.2m | ▲ 4.6% |
| Contributions10/11 | €18,600 | €5.2m | €5.2m | €5.2m | €5.2m | = |
| Reserves13 | €1,860 | €154,350 | €503,655 | €521,860 | €521,860 | = |
| Profit (loss) carried forward14 | €153,713 | €151,028 | €187,822 | €217,525 | €493,255 | ▲ 127% |
| Provisions and deferred taxes16 | €7,427 | - | €21,437 | €23,673 | €23,673 | = |
| Amounts payable17/49 | €38.5m | €39.3m | €40.5m | €35.7m | €37.4m | ▲ 5.0% |
| Amounts payable after more than one year17 | €31.5m | €31.3m | €28.7m | €25.1m | €24.7m | ▼ 1.4% |
| Amounts payable within one year42/48 | €5.7m | €6.7m | €10.8m | €9.8m | €10.2m | ▲ 4.6% |
| Trade debts44 | €1.5m | €1.9m | €1.9m | €1.8m | €2.3m | ▲ 27.4% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.0m | €3.0m | €7.0m | €5.9m | €275,730 | ▼ 95.3% |
| + Depreciation and write-downs630 | €865,608 | €690,444 | €492,350 | €574,059 | €452,513 | ▼ 21.2% |
| Operating cash flow (approximation) | €2.8m | €3.7m | €7.5m | €6.5m | €728,243 | ▼ 88.7% |
| Investment in fixed assets (approximation) | - | -€773,804 | -€1.2m | -€621,645 | -€5.4m | ▼ 762% |
| Change in cash | - | €6.1m | €1.6m | -€5.9m | -€3.7m | ▲ 37.4% |
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
2016
18-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 170 days late
2015
28-12
State Gazette act
General meeting · Merger
Purpose change · Name change
06-08
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
30-04
Financial
Weakest financial yearnet €275,730 ▼95.3%
Net result drops to €275,730, the lowest in the series.
2014
15-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
04-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
30-09
Financial
Highest result since 2011net €7.0m ▲129%
Net result €7.0m, the highest in the series.
25-01
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-10
Financial
Equity above €5mEq €5.5m ▲3,072%
2 profitable years in a row build equity to €5.5m.
2011
29-12
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
20-05
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2009
30-12
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
Show earlier events
13-01
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
28-03
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
28-06
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:CENTRUM VOOR RADIO-IMMUNOLOGIE