M.E.G.
InactiveFinancials · financial year 2017, full format
Annual accounts 2017 filed on 02-10-2017 PDF all 29 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€440,206
2016 · €98,190
Working capital
€656,878▼ 39.8%
2016 · €1.1m
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
-€433,101
2017
20132017
Net result
-€440,206
2017
20132017
Equity
€612,971
▼ 41.8%
2017
20132017
Total assets
€949,518
▼ 38.3%
2017
20132017
Debt
€273,481
▼ 35.2%
2017
20132017
Working capital
€656,878
▼ 39.8%
2017
20132017
Staff (FTE)
1
=
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€0.2m-€0.1m▼ 44.3%€0.1m▲ 18.3%€0.04m▼ 62.5%-€0.4m
Net result€0.08m-€0.07m▼ 15.2%€0.08m▲ 19.3%€0.1m▲ 26.0%-€0.4m
Equity€0.8m-€0.9m▲ 8.1%€1.0m▲ 8.9%€1.1m▲ 10.3%€0.6m▼ 41.8%
Total assets€2.1m-€1.8m▼ 14.2%€2.0m▲ 13.7%€1.5m▼ 24.2%€0.9m▼ 38.3%
Debt€1.2m-€0.8m▼ 30.0%€1.0m▲ 19.7%€0.4m▼ 58.3%€0.3m▼ 35.2%
Working capital€0.8m-€0.9m▲ 8.5%€1.0m▲ 7.8%€1.1m▲ 11.4%€0.7m▼ 39.8%
Staff (FTE)1.2-1▼ 16.7%1=1=1=
The operating result for 2017 is a loss of €433,101, after a profit of €44,680 in 2016. It is the lowest result since 2013.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €949,518
Fixed assets
€22,159 ▼ 15.2%
Current assets
€927,359 ▼ 38.7%
Equity and liabilities €949,518
Equity
€612,971 ▼ 41.8%
Provisions
€63,066 =
Debt
€273,481 ▼ 35.2%
Debt's share of the balance-sheet total rises from 27.4% to 28.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€419,942▼
2016 · €71,906
Cash flow
-€427,047▼
2016 · €125,416
Current ratio
3.43▼
2016 · 3.59
Quick ratio
1.86▼
2016 · 1.92
ROE
-71.8%▼
2016 · 9.3%
ROA
-46.4%▼
2016 · 6.4%
Debt ≤ 1 year
€270,481▼
2016 · €421,441
Income taxes
€2,758▼
2016 · €42,317
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 | €29,449 | €25,377 | €31,703 | €27,226 | €13,159 | ▼ 51.7% |
| Gross operating margin9900 | €321,220 | €196,182 | €217,504 | €251,472 | -€101,492 | - |
| Operating profit (loss)9901 | €180,812 | €100,672 | €119,071 | €44,680 | -€433,101 | - |
| Recurring financial income75 | €3,308 | €5,691 | €10,208 | €4,740 | €1,472 | ▼ 69.0% |
| Recurring financial charges65 | €65,913 | €19,092 | €15,727 | €13,015 | €5,819 | ▼ 55.3% |
| Profit (loss) for the period before taxes9903 | €114,850 | €92,256 | €110,150 | €140,507 | -€437,448 | - |
| Income taxes67/77 | €37,800 | €26,897 | €32,209 | €42,317 | €2,758 | ▼ 93.5% |
| Profit (loss) for the period9904 | €77,050 | €65,359 | €77,941 | €98,190 | -€440,206 | - |
| Profit (loss) for the period to be appropriated9905 | €77,050 | €65,359 | €77,941 | €98,190 | -€440,206 | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €1.8m | €2.0m | €1.5m | €0.9m | ▼ 38.3% |
| Fixed assets21/28 | €0.05m | €0.03m | €0.08m | €0.03m | €0.02m | ▼ 15.2% |
| Intangible fixed assets21 | - | - | €0.01m | €0.01m | €0.007m | ▼ 31.4% |
| Tangible fixed assets22/27 | €0.05m | €0.03m | €0.07m | €0.02m | €0.02m | ▼ 5.4% |
| Current assets29/58 | €2.0m | €1.8m | €1.9m | €1.5m | €0.9m | ▼ 38.7% |
| Stocks and contracts in progress3 | €0.7m | €0.8m | €0.8m | €0.7m | €0.4m | ▼ 39.4% |
| Amounts receivable within one year40/41 | €1.3m | €0.9m | €1.2m | €0.5m | €0.4m | ▼ 27.5% |
| Current investments50/53 | €6 | €4 | €2 | €2 | €1 | ▼ 47.1% |
| Cash at bank and in hand54/58 | €218 | €0.04m | €0.001m | €0.2m | €0.1m | ▼ 25.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €1.8m | €2.0m | €1.5m | €0.9m | ▼ 38.3% |
| Equity10/15 | €0.8m | €0.9m | €1.0m | €1.1m | €0.6m | ▼ 41.8% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €0.5m | €0.6m | €0.6m | €0.7m | €0.3m | ▼ 58.9% |
| Provisions and deferred taxes16 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Amounts payable17/49 | €1.2m | €0.8m | €1.0m | €0.4m | €0.3m | ▼ 35.2% |
| Amounts payable after more than one year17 | €0.006m | - | €0.04m | - | - | - |
| Amounts payable within one year42/48 | €1.2m | €0.8m | €1.0m | €0.4m | €0.3m | ▼ 35.8% |
| Trade debts44 | €0.6m | €0.3m | €0.4m | €0.2m | €0.2m | ▲ 39.6% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,050 | €65,359 | €77,941 | €98,190 | -€440,206 | - |
| + Depreciation and write-downs630 | €29,449 | €25,377 | €31,703 | €27,226 | €13,159 | ▼ 51.7% |
| Operating cash flow (approximation) | €106,499 | €90,736 | €109,643 | €125,416 | -€427,047 | - |
| Investment in fixed assets (approximation) | - | -€3,804 | -€82,734 | €29,274 | -€9,201 | - |
| Change in cash | - | €35,090 | -€34,723 | €165,416 | -€42,055 | - |
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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2017 | full format | 02-10-2017 | 2017-65900382 | |
| 31-03-2016 | full format | 06-10-2016 | 2016-64900302 | |
| 31-03-2015 | full format | 14-09-2015 | 2015-58600392 | |
| 31-03-2014 | full format | 22-10-2014 | 2014-65300208 | |
| 31-03-2013 | full format | 07-10-2013 | 2013-62300416 | |
| 31-03-2012 | full format | 30-10-2012 | 2012-62700040 | |
| 31-03-2011 | full format | 27-10-2011 | 2011-59100038 | |
| 31-03-2010 | full format | 25-01-2011 | 2011-01600138 | |
| 31-03-2009 | full format | 22-10-2009 | 2009-82300361 | |
| 31-03-2008 | full format | 27-10-2008 | 2008-79700390 |