MANEWATER
Open bankruptcyFinancials · financial year 2016, abbreviated format
2016 annual accounts filed 14 days after the deadline Filed on 14 August 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-43000202.
Annual accounts 2016 filed on 14-08-2017 PDF all 5 filings
Turnover
€2.1m
EBIT margin
13.2%
Net result
-€6,769
2015 · €17,064
Working capital
€1.1m▲ 2.7%
2015 · €1.1m
Multi-year overview
2012 to 2016, 5 financial yearsTurnover
no figure
2016
20122016
Operating result
€62,067
▼ 37.4%
2016
20122016
Net result
-€6,769
2016
20122016
EBIT margin
no figure
2016
20122016
Equity
€120,798
▼ 5.3%
2016
20122016
Total assets
€2.9m
▼ 0.1%
2016
20122016
Debt
€2.8m
▲ 0.1%
2016
20122016
Working capital
€1.1m
▲ 2.7%
2016
20122016
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Turnover€2.1m-
Operating result€0.3m-€0.01m▼ 95.1%€0.1m▲ 652%€0.1m▼ 3.1%€0.06m▼ 37.4%
Net result€0.1m--€0.04m€0.01m€0.02m▲ 77.8%-€0.007m
EBIT margin13.2%-
Equity€0.1m-€0.1m▼ 26.2%€0.1m▲ 9.5%€0.1m▲ 15.4%€0.1m▼ 5.3%
Total assets€3.7m-€3.1m▼ 16.9%€2.9m▼ 5.9%€2.9m▲ 0.6%€2.9m▼ 0.1%
Debt€3.6m-€3.0m▼ 16.6%€2.8m▼ 6.4%€2.8m=€2.8m▲ 0.1%
Working capital€1.1m-€1.0m▼ 9.0%€1.0m▲ 5.6%€1.1m▲ 5.8%€1.1m▲ 2.7%
The operating result for 2016 is 37% lower than in 2015. It is the second fall in a row.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Equity and liabilities €2.9m
Equity
€120,798 ▼ 5.3%
Debt
€2.8m ▲ 0.1%
Debt's share of the balance-sheet total rises from 95.6% to 95.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.61▲
2015 · 1.58
Quick ratio
0.00▼
2015 · 0.02
Debt to equity
7.29▲
2015 · 6.53
ROE
-5.6%▼
2015 · 13.4%
ROA
-0.2%▼
2015 · 0.6%
Debt ≤ 1 year
€1.8m▼
2015 · €1.8m
Debt > 1 year
€880,650▲
2015 · €832,920
Income taxes
€7,243
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.1m | - | - | - | - | - |
| Gross operating margin9900 | €0.3m | €0.01m | €0.1m | €0.1m | €0.07m | ▼ 45.3% |
| Operating profit (loss)9901 | €0.3m | €0.01m | €0.1m | €0.1m | €0.06m | ▼ 37.4% |
| Recurring financial income75 | €0.006m | €0.05m | €0.001m | - | - | - |
| Recurring financial charges65 | €0.2m | €0.06m | €0.09m | €0.07m | €0.05m | ▼ 29.7% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.006m | €0.01m | €0.02m | €474 | ▼ 97.2% |
| Income taxes67/77 | - | €0.04m | €2 | - | €0.007m | - |
| Profit (loss) for the period9904 | €0.1m | -€0.04m | €0.01m | €0.02m | -€0.007m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | -€0.04m | €0.01m | €0.02m | -€0.007m | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.1m | €2.9m | €2.9m | €2.9m | ▼ 0.1% |
| Current assets29/58 | €3.7m | €3.1m | €2.9m | €2.9m | €2.9m | ▼ 0.1% |
| Stocks and contracts in progress3 | €3.0m | €2.5m | €2.9m | €2.9m | €2.9m | ▲ 1.4% |
| Amounts receivable within one year40/41 | €0.8m | €0.6m | €0.05m | €0.04m | €0.001m | ▼ 97.7% |
| Cash at bank and in hand54/58 | €55 | €0.004m | €422 | €109 | €6 | ▼ 94.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.1m | €2.9m | €2.9m | €2.9m | ▼ 0.1% |
| Equity10/15 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 5.3% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.1m | €0.08m | €0.09m | €0.1m | €0.1m | ▼ 6.3% |
| Amounts payable17/49 | €3.6m | €3.0m | €2.8m | €2.8m | €2.8m | ▲ 0.1% |
| Amounts payable after more than one year17 | €0.9m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 5.7% |
| Amounts payable within one year42/48 | €2.7m | €2.1m | €1.9m | €1.8m | €1.8m | ▼ 1.7% |
| Trade debts44 | €0.4m | €0.3m | €0.07m | €0.05m | €0.03m | ▼ 43.7% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118,222 | -€35,914 | €9,596 | €17,064 | -€6,769 | - |
| Operating cash flow (approximation) | €118,222 | -€35,914 | €9,596 | €17,064 | -€6,769 | - |
| Change in cash | - | €4,040 | -€3,673 | -€314 | -€103 | ▲ 67.3% |
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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2016 | abbreviated format | 14-08-2017 | 2017-43000202 | |
| 31-12-2015 | abbreviated format | 03-08-2016 | 2016-39200158 | |
| 31-12-2014 | abbreviated format | 09-10-2015 | 2015-64300514 | |
| 31-12-2013 | abbreviated format | 23-09-2014 | 2014-59600219 | |
| 31-12-2012 | abbreviated format | 14-10-2013 | 2013-63200067 |