Financials · financial year 2015, abbreviated format
Annual accounts 2015 filed on 14-07-2016 PDF all 9 filings
Equity
€317,175▲ 2.7%
2014 · €308,880
Net result
€8,295▼ 87.9%
2014 · €68,668
Total assets
€525,009▼ 12.0%
2014 · €596,543
Solvency
60.4%▲ 8.6pp
2014 · 51.8%
Trend over the years
2011 to 2015, 5 financial years 2011 to 2015, 5 financial years
The operating result for 2015 is 58% lower than in 2014 and the lowest since 2011.
Operating result€44,300
2015
Net result€8,295
2015
Total assets€525,009
2015
Equity€317,175
2015
Debt€207,834
2015
Working capital-€54,974
2015
Solvency60.4%
2015
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The higher the solvency, the better the company absorbs a setback.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Operating result€95,070-€62,694▼ 34.1%€99,487▲ 58.7%€104,731▲ 5.3%€44,300▼ 57.7%
Net result€63,344-€37,052▼ 41.5%€77,676▲ 110%€68,668▼ 11.6%€8,295▼ 87.9%
Equity€135,983-€173,036▲ 27.2%€240,212▲ 38.8%€308,880▲ 28.6%€317,175▲ 2.7%
Total assets€300,248-€536,497▲ 78.7%€557,554▲ 3.9%€596,543▲ 7.0%€525,009▼ 12.0%
Debt€164,265-€363,461▲ 121%€317,342▼ 12.7%€287,663▼ 9.4%€207,834▼ 27.8%
Working capital-€34,108--€46,310▼ 35.8%-€28,748▲ 37.9%-€4,512▲ 84.3%-€54,974▼ 1,118%
Solvency45.3%-32.3%▼ 13.0pp43.1%▲ 10.8pp51.8%▲ 8.7pp60.4%▲ 8.6pp
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
2015 in colour, 2014 as the grey bar beneath
Assets €525,009
Fixed assets
€426,349 ▲ 0.2%
Current assets
€98,659 ▼ 42.3%
Equity and liabilities €525,009
Equity
€317,175 ▲ 2.7%
Debt
€207,834 ▼ 27.8%
Debt's share of the balance-sheet total falls from 48.2% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.6%▼
2014 · 22.2%
ROA
1.6%▼
2014 · 11.5%
Debt ≤ 1 year
€153,633▼
2014 · €175,362
Debt > 1 year
€50,000▼
2014 · €100,000
Income taxes
€28,975▼
2014 · €40,325
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Comparable companies
These companies have the same main activity as LB-SYSTEMS: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €421,000 and €616,000, founded between 2004 and 2007.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| LB-SYSTEMS Zonnebeke | 2006 | €525,009 | €317,175 | €46,039 | €8,295 | - | 2015 |
| DGB-SERVICES Jabbeke | 2005 | €522,889 | €362,115 | €48,055 | €35,629 | 0 | 2025 |
| JERKAT Brugge | 2007 | €514,980 | €254,144 | €50,954 | €17,917 | - | 2026 |
| CLEMIKO Torhout | 2007 | €615,864 | €322,874 | €47,859 | €4,541 | - | 2025 |
| DEMARAX Koksijde | 2007 | €533,401 | €278,554 | €40,139 | €14,895 | - | 2025 |
| BEPA RUBIMMO Zedelgem | 2004 | €605,895 | €409,047 | €46,994 | €23,890 | - | 2025 |
| IJZER FASHION CONSULTANCY Ardooie | 2006 | €421,308 | €222,622 | €49,570 | €5,961 | - | 2025 |
They were chosen from the 20,098 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €500 | €618 | €761 | €574 | €1,190 | ▲ 107% |
| Gross operating margin9900 | €96,229 | €64,142 | €100,946 | €105,956 | €46,039 | ▼ 56.5% |
| Operating profit (loss)9901 | €95,070 | €62,694 | €99,487 | €104,731 | €44,300 | ▼ 57.7% |
| Recurring financial income75 | - | €55 | €19,364 | €12,000 | €7 | ▼ 99.9% |
| Recurring financial charges65 | €6,317 | €5,816 | €8,989 | €8,202 | €7,037 | ▼ 14.2% |
| Profit (loss) for the period before taxes9903 | €88,753 | €56,933 | €109,490 | €108,993 | €37,270 | ▼ 65.8% |
| Income taxes67/77 | €25,408 | €19,880 | €31,814 | €40,325 | €28,975 | ▼ 28.1% |
| Profit (loss) for the period9904 | €63,344 | €37,052 | €77,676 | €68,668 | €8,295 | ▼ 87.9% |
| Profit (loss) for the period to be appropriated9905 | €63,344 | €37,052 | €77,676 | €68,668 | €8,295 | ▼ 87.9% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €300,248 | €536,497 | €557,554 | €596,543 | €525,009 | ▼ 12.0% |
| Fixed assets21/28 | €176,815 | €426,786 | €426,453 | €425,692 | €426,349 | ▲ 0.2% |
| Tangible fixed assets22/27 | €1,815 | €1,786 | €1,453 | €692 | €1,349 | ▲ 94.9% |
| Financial fixed assets28 | €175,000 | €425,000 | €425,000 | €425,000 | €425,000 | = |
| Current assets29/58 | €123,433 | €109,711 | €131,101 | €170,850 | €98,659 | ▼ 42.3% |
| Amounts receivable within one year40/41 | €248 | €5,206 | €6,655 | €113,350 | €7,573 | ▼ 93.3% |
| Cash at bank and in hand54/58 | €123,186 | €104,505 | €124,446 | €46,700 | €91,086 | ▲ 95.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €300,248 | €536,497 | €557,554 | €596,543 | €525,009 | ▼ 12.0% |
| Equity10/15 | €135,983 | €173,036 | €240,212 | €308,880 | €317,175 | ▲ 2.7% |
| Contributions10/11 | €25,000 | €25,000 | €119,500 | €119,500 | €119,500 | = |
| Reserves13 | €110,983 | €148,036 | €120,712 | €189,380 | €197,675 | ▲ 4.4% |
| Amounts payable17/49 | €164,265 | €363,461 | €317,342 | €287,663 | €207,834 | ▼ 27.8% |
| Amounts payable after more than one year17 | - | €200,000 | €150,000 | €100,000 | €50,000 | ▼ 50.0% |
| Amounts payable within one year42/48 | €157,542 | €156,021 | €159,849 | €175,362 | €153,633 | ▼ 12.4% |
| Trade debts44 | €291 | - | €484 | - | €787 | - |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,344 | €37,052 | €77,676 | €68,668 | €8,295 | ▼ 87.9% |
| + Depreciation and write-downs630 | €500 | €618 | €761 | €574 | €1,190 | ▲ 107% |
| Operating cash flow (approximation) | €63,845 | €37,671 | €78,437 | €69,242 | €9,485 | ▼ 86.3% |
| Investment in fixed assets (approximation) | - | -€250,590 | -€427 | €186 | -€1,847 | - |
| Change in cash | - | -€18,681 | €19,942 | -€77,746 | €44,386 | - |
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 (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2015 | abbreviated format | 14-07-2016 | 2016-31300081 | |
| 31-12-2014 | abbreviated format | 25-06-2015 | 2015-20700441 | |
| 31-12-2013 | abbreviated format | 26-06-2014 | 2014-21200549 | |
| 31-12-2012 | abbreviated format | 28-06-2013 | 2013-24300258 | |
| 31-12-2011 | abbreviated format | 26-06-2012 | 2012-20600044 | |
| 31-12-2010 | abbreviated format | 10-06-2011 | 2011-15300441 | |
| 31-12-2009 | abbreviated format | 17-06-2010 | 2010-18200185 | |
| 31-12-2008 | abbreviated format | 22-06-2009 | 2009-26200258 | |
| 31-12-2007 | abbreviated format | 20-06-2008 | 2008-26500191 |