LFC
Open bankruptcyFinancials · financial year 2017, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€203,107▼ 197%
2016 · -€68,309
Working capital
-€881,782▼ 135%
2016 · -€375,776
Trend over the years
2014 to 2017, 4 financial years 2014 to 2017, 4 financial years
The operating result turns negative in 2017: a loss of €92,879 after €13,428 in 2016, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.09m
2017
Net result-€0.2m
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.2m
2017
Equity-€0.05m
2017
Debt€3.2m
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.9m
2017
Average staff in full-time equivalents (FTE).
Staff (FTE)17.8
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2014201520162017
Operating result€0.07m-€0.1m▲ 68.6%€0.01m▼ 88.3%-€0.09m
Net result€0.04m-€0.08m▲ 135%-€0.07m-€0.2m▼ 197%
Equity€0.2m-€0.3m▲ 43.0%€0.2m▼ 24.9%-€0.05m
Total assets€0.6m-€2.1m▲ 235%€3.1m▲ 47.4%€3.2m▲ 2.7%
Debt€0.4m-€1.8m▲ 321%€2.9m▲ 58.3%€3.2m▲ 11.9%
Working capital€0.1m--€0.4m-€0.4m▲ 7.0%-€0.9m▼ 135%
Staff (FTE)2.814.4▲ 414%17.8▲ 23.6%
Why a figure moved sharply
- 2017 Net result -197% on 2016. This financial year ran 18 months, the previous one 12.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €3.1m
Fixed assets
€1.9m ▼ 10.7%
Current assets
€1.3m ▲ 27.8%
Equity and liabilities
Equity-€54,732
Debt€3.2m
Equity is negative: debt (€3.2m) exceeds the balance-sheet total (€3.2m).
Key figures and ratios
EBITDA
€190,760▲
2016 · €184,787
Cash flow
€80,532▼
2016 · €103,050
Solvency
-1.7%▼
2016 · 6.7%
Current ratio
0.59▼
2016 · 0.73
Quick ratio
0.34▲
2016 · 0.17
ROA
-6.4%▼
2016 · -2.2%
Debt ≤ 1 year
€2.2m▲
2016 · €1.4m
Debt > 1 year
€1.1m▼
2016 · €1.5m
Income taxes
€1▲
2016 · -€7,644
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.03m | €0.2m | €0.3m | ▲ 65.5% |
| Gross operating margin9900 | €0.2m | €0.3m | €0.8m | €1.5m | ▲ 82.2% |
| Operating profit (loss)9901 | €0.07m | €0.1m | €0.01m | -€0.09m | ▼ 792% |
| Recurring financial income75 | €0.002m | €50 | - | - | - |
| Recurring financial charges65 | €0.02m | €0.02m | €0.06m | €0.1m | ▲ 79.5% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.1m | -€0.08m | -€0.2m | ▼ 167% |
| Income taxes67/77 | €0.02m | €0.01m | -€0.008m | €1 | ▲ 100% |
| Profit (loss) for the period9904 | €0.04m | €0.08m | -€0.07m | -€0.2m | ▼ 197% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.05m | -€0.07m | -€0.2m | ▼ 197% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.6m | €2.1m | €3.1m | €3.2m | ▲ 2.7% |
| Formation expenses20 | €0.01m | €0.04m | €0.04m | €0.03m | ▼ 23.8% |
| Fixed assets21/28 | €0.1m | €1.5m | €2.1m | €1.9m | ▼ 10.7% |
| Intangible fixed assets21 | €0.002m | €0.004m | €0.05m | €0.03m | ▼ 40.7% |
| Tangible fixed assets22/27 | €0.08m | €0.4m | €1.0m | €0.8m | ▼ 15.0% |
| Financial fixed assets28 | €0.001m | €1.0m | €1.0m | €1.0m | ▼ 1.6% |
| Current assets29/58 | €0.5m | €0.6m | €1.0m | €1.3m | ▲ 27.8% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.8m | €0.5m | ▼ 28.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.2m | €0.7m | ▲ 223% |
| Cash at bank and in hand54/58 | €0.008m | €0.003m | €0.01m | €0.01m | ▼ 5.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.6m | €2.1m | €3.1m | €3.2m | ▲ 2.7% |
| Equity10/15 | €0.2m | €0.3m | €0.2m | -€0.05m | ▼ 127% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.02m | €0.06m | €0.06m | - | - |
| Profit (loss) carried forward14 | -€0.003m | €0.04m | -€0.03m | -€0.2m | ▼ 781% |
| Amounts payable17/49 | €0.4m | €1.8m | €2.9m | €3.2m | ▲ 11.9% |
| Amounts payable after more than one year17 | €0.003m | €0.8m | €1.5m | €1.1m | ▼ 29.1% |
| Amounts payable within one year42/48 | €0.4m | €1.0m | €1.4m | €2.2m | ▲ 57.0% |
| Trade debts44 | €0.2m | €0.5m | €0.8m | €0.8m | ▲ 7.5% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.04m | €0.08m | -€0.07m | -€0.2m | ▼ 197% |
| + Depreciation and write-downs630 | €0.07m | €0.03m | €0.2m | €0.3m | ▲ 65.5% |
| Operating cash flow (approximation) | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 21.9% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€0.8m | -€0.06m | ▲ 92.4% |
| Change in cash | - | -€0.005m | €0.008m | -€0.001m | ▼ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 293 companies in this sector, figures are known for 192. 90 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: not fully processed yet. The notices from June 2020 to September 2026 are still being read.