MARESCON
Dissolution or liquidationFinancials · financial year 2018, micro format
Annual accounts 2018 filed on 19-03-2019 PDF all 5 filings
Turnover
≈ €190,000
Estimated: probably between €86,000 and €450,000
Total assets
€223,086▼ 5.3%
2017 · €235,612
Net result
-€5,972▲ 61.0%
2017 · -€15,326
Working capital
€27,265▲ 21.5%
2017 · €22,436
Multi-year overview
2014 to 2018, 5 financial yearsOperating result
-€700
▲ 93.9%
2018
20142018
Net result
-€5,972
▲ 61.0%
2018
20142018
Equity
€54,213
▼ 9.9%
2018
20142018
Total assets
€223,086
▼ 5.3%
2018
20142018
Debt
€168,873
▼ 3.7%
2018
20142018
Working capital
€27,265
▲ 21.5%
2018
20142018
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20142015201620172018
Operating result€35,173-€10,513▼ 70.1%€38,335▲ 265%-€11,530-€700▲ 93.9%
Net result€18,688-€2,725▼ 85.4%€15,230▲ 459%-€15,326-€5,972▲ 61.0%
Equity€57,556-€60,281▲ 4.7%€75,511▲ 25.3%€60,185▼ 20.3%€54,213▼ 9.9%
Total assets€288,552-€251,756▼ 12.8%€274,192▲ 8.9%€235,612▼ 14.1%€223,086▼ 5.3%
Debt€230,995-€191,475▼ 17.1%€198,682▲ 3.8%€175,428▼ 11.7%€168,873▼ 3.7%
Working capital€23,100-€9,321▼ 59.7%€29,365▲ 215%€22,436▼ 23.6%€27,265▲ 21.5%
The operating result for 2018 is a loss of €700, smaller than the loss of €11,530 in 2017.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €223,086
Fixed assets
€161,918 ▼ 12.3%
Current assets
€61,168 ▲ 20.0%
Equity and liabilities €223,086
Equity
€54,213 ▼ 9.9%
Debt
€168,873 ▼ 3.7%
Debt's share of the balance-sheet total rises from 74.5% to 75.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21,965▲
2017 · €11,794
Cash flow
€16,693▲
2017 · €7,998
Current ratio
1.80▲
2017 · 1.79
Debt to equity
2.40▲
2017 · 2.40
ROE
-11.0%▲
2017 · -25.5%
ROA
-2.7%▲
2017 · -6.5%
Debt ≤ 1 year
€33,903▲
2017 · €28,525
Debt > 1 year
€130,030▼
2017 · €144,189
Income taxes
€180▲
2017 · €161
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 | 2018 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,635 | €21,711 | €25,502 | €23,324 | €22,665 | ▼ 2.8% |
| Gross operating margin9900 | €55,417 | €34,593 | €66,247 | €12,683 | €24,498 | ▲ 93.2% |
| Operating profit (loss)9901 | €35,173 | €10,513 | €38,335 | -€11,530 | -€700 | ▲ 93.9% |
| Recurring financial income75 | €793 | €2,136 | €92 | €803 | €1 | ▼ 99.9% |
| Recurring financial charges65 | €8,748 | €7,806 | €6,772 | €4,438 | €5,093 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | €27,218 | €4,843 | €32,628 | -€15,164 | -€5,792 | ▲ 61.8% |
| Income taxes67/77 | €8,529 | €2,118 | €17,398 | €161 | €180 | ▲ 11.8% |
| Profit (loss) for the period9904 | €18,688 | €2,725 | €15,230 | -€15,326 | -€5,972 | ▲ 61.0% |
| Profit (loss) for the period to be appropriated9905 | €18,688 | €2,725 | €15,230 | -€15,326 | -€5,972 | ▲ 61.0% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €288,552 | €251,756 | €274,192 | €235,612 | €223,086 | ▼ 5.3% |
| Fixed assets21/28 | €193,080 | €199,289 | €207,356 | €184,652 | €161,918 | ▼ 12.3% |
| Tangible fixed assets22/27 | €193,080 | €199,289 | €207,356 | €184,652 | €161,918 | ▼ 12.3% |
| Current assets29/58 | €95,472 | €52,467 | €66,836 | €50,961 | €61,168 | ▲ 20.0% |
| Amounts receivable within one year40/41 | €67,923 | €14,624 | €21,226 | €14,290 | €18,881 | ▲ 32.1% |
| Current investments50/53 | €25,398 | €27,561 | €27,561 | €27,561 | €27,561 | = |
| Cash at bank and in hand54/58 | €2,151 | €10,283 | €18,050 | €9,110 | €14,726 | ▲ 61.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €288,552 | €251,756 | €274,192 | €235,612 | €223,086 | ▼ 5.3% |
| Equity10/15 | €57,556 | €60,281 | €75,511 | €60,185 | €54,213 | ▼ 9.9% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €55,056 | €57,781 | €73,011 | €73,011 | €73,011 | = |
| Profit (loss) carried forward14 | - | - | - | -€15,326 | -€21,298 | ▼ 39.0% |
| Amounts payable17/49 | €230,995 | €191,475 | €198,682 | €175,428 | €168,873 | ▼ 3.7% |
| Amounts payable after more than one year17 | €156,623 | €146,260 | €158,068 | €144,189 | €130,030 | ▼ 9.8% |
| Amounts payable within one year42/48 | €72,372 | €43,147 | €37,471 | €28,525 | €33,903 | ▲ 18.9% |
| Trade debts44 | €6,197 | €9,625 | €10,115 | €2,309 | €10,858 | ▲ 370% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,688 | €2,725 | €15,230 | -€15,326 | -€5,972 | ▲ 61.0% |
| + Depreciation and write-downs630 | €19,635 | €21,711 | €25,502 | €23,324 | €22,665 | ▼ 2.8% |
| Operating cash flow (approximation) | €38,323 | €24,436 | €40,731 | €7,998 | €16,693 | ▲ 109% |
| Investment in fixed assets (approximation) | - | -€27,921 | -€33,569 | -€619 | €68 | - |
| Change in cash | - | €8,132 | €7,767 | -€8,940 | €5,616 | - |
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 |
|---|---|---|---|---|
| 30-09-2018 | micro format | 19-03-2019 | 2019-07500294 | |
| 30-09-2017 | micro format | 30-03-2018 | 2018-08600266 | |
| 30-09-2016 | abbreviated format | 28-03-2017 | 2017-07300100 | |
| 30-09-2015 | abbreviated format | 30-03-2016 | 2016-07600253 | |
| 30-09-2014 | abbreviated format | 02-12-2014 | 2014-68100295 |