MC²
InactiveFinancials · financial year 2015, full format
2015 annual accounts filed 23 days after the deadline Filed on 23 August 2016, deadline 31 July 2016 (7 months after the close on 31 December 2015, Companies Code art. 3:10). Source: NBB, 2016-45800228.
Annual accounts 2015 filed on 23-08-2016 PDF all 25 filings
Turnover
≈ €98,000
Estimated: probably between €52,000 and €190,000
EBIT margin
Not included in this filing
Net result
-€37,005▲ 51.1%
2014 · -€75,637
Working capital
-€458,387▼ 11.6%
2014 · -€410,666
Multi-year overview
2011 to 2015, 5 financial yearsOperating result
-€5,310
▲ 92.5%
2015
20112015
Net result
-€37,005
▲ 51.1%
2015
20112015
Equity
€22,858
▼ 61.8%
2015
20112015
Total assets
€1.0m
▼ 2.7%
2015
20112015
Debt
€1.0m
▲ 0.8%
2015
20112015
Working capital
-€458,387
▼ 11.6%
2015
20112015
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Operating result€0.08m-€0.1m▲ 51.2%€0.006m▼ 95.5%-€0.07m-€0.005m▲ 92.5%
Net result€0.03m-€0.06m▲ 108%-€0.03m-€0.08m▼ 151%-€0.04m▲ 51.1%
Equity€0.1m-€0.2m▲ 60.5%€0.1m▼ 18.2%€0.06m▼ 55.8%€0.02m▼ 61.8%
Total assets€1.1m-€1.1m▼ 1.2%€1.1m▼ 5.1%€1.1m=€1.0m▼ 2.7%
Debt€1.0m-€0.9m▼ 7.4%€0.9m▼ 2.8%€1.0m▲ 8.2%€1.0m▲ 0.8%
Working capital-€0.3m--€0.3m▲ 18.2%-€0.3m▼ 13.5%-€0.4m▼ 35.0%-€0.5m▼ 11.6%
The operating result for 2015 is a loss of €5,310, smaller than the loss of €71,238 in 2014.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €1.0m
Fixed assets
€1.0m ▼ 2.6%
Current assets
€7,037 ▼ 18.1%
Equity and liabilities €1.0m
Equity
€22,858 ▼ 61.8%
Debt
€1.0m ▲ 0.8%
Debt's share of the balance-sheet total rises from 94.3% to 97.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21,875▲
2014 · -€34,357
Cash flow
-€9,820▲
2014 · -€38,756
Current ratio
0.02▼
2014 · 0.02
Debt to equity
23.49▲
2014 · 9.58
ROE
-161.9%▼
2014 · -126.4%
ROA
-3.6%▲
2014 · -7.2%
Debt ≤ 1 year
€465,424▲
2014 · €419,260
Debt > 1 year
€536,990▼
2014 · €573,284
Income taxes
€2▼
2014 · €90
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,632 | €28,142 | €27,109 | €36,881 | €27,185 | ▼ 26.3% |
| Gross operating margin9900 | €123,000 | €160,300 | €38,886 | -€27,638 | €27,454 | - |
| Operating profit (loss)9901 | €83,416 | €126,135 | €5,685 | -€71,238 | -€5,310 | ▲ 92.5% |
| Recurring financial income75 | €544 | €307 | €322 | €5 | €9 | ▲ 58.3% |
| Recurring financial charges65 | €38,813 | €36,933 | €35,211 | €32,166 | €31,701 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €45,065 | €91,975 | -€29,787 | -€75,547 | -€37,002 | ▲ 51.0% |
| Income taxes67/77 | €15,044 | €29,527 | €345 | €90 | €2 | ▼ 97.6% |
| Profit (loss) for the period9904 | €30,021 | €62,448 | -€30,132 | -€75,637 | -€37,005 | ▲ 51.1% |
| Profit (loss) for the period to be appropriated9905 | €30,021 | €62,448 | -€30,132 | -€75,637 | -€37,005 | ▲ 51.1% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 2.7% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 2.6% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 2.6% |
| Current assets29/58 | €0.02m | €0.04m | €0.007m | €0.009m | €0.007m | ▼ 18.1% |
| Amounts receivable within one year40/41 | €0.02m | €0.03m | €0.002m | €0.003m | €0.003m | ▲ 0.7% |
| Cash at bank and in hand54/58 | €0.004m | €0.005m | €0.004m | €0.006m | €0.002m | ▼ 67.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 2.7% |
| Equity10/15 | €0.1m | €0.2m | €0.1m | €0.06m | €0.02m | ▼ 61.8% |
| Contributions10/11 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.09m | €0.2m | €0.1m | €0.05m | €0.01m | ▼ 72.4% |
| Amounts payable17/49 | €1.0m | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 0.8% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.6m | €0.6m | €0.5m | ▼ 6.3% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | ▲ 11.0% |
| Trade debts44 | €0.006m | €0.004m | €0.002m | - | - | - |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,021 | €62,448 | -€30,132 | -€75,637 | -€37,005 | ▲ 51.1% |
| + Depreciation and write-downs630 | €28,632 | €28,142 | €27,109 | €36,881 | €27,185 | ▼ 26.3% |
| Operating cash flow (approximation) | €58,653 | €90,590 | -€3,023 | -€38,756 | -€9,820 | ▲ 74.7% |
| Investment in fixed assets (approximation) | - | €0 | -€247 | -€34,739 | €0 | - |
| Change in cash | - | €654 | -€788 | €1,588 | -€3,901 | - |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2015 | full format | 23-08-2016 | 2016-45800228 | |
| 31-12-2014 | full format | 23-06-2015 | 2015-20500422 | |
| 31-12-2013 | full format | 27-03-2014 | 2014-07800415 | |
| 31-12-2012 | full format | 27-08-2013 | 2013-48300041 | |
| 31-12-2011 | full format | 16-08-2012 | 2012-41800059 | |
| 31-12-2010 | full format | 18-08-2011 | 2011-41200200 | |
| 31-12-2009 | full format | 25-08-2010 | 2010-44700426 | |
| 31-12-2008 | full format | 28-08-2009 | 2009-66400085 | |
| 31-12-2007 | full format | 26-08-2008 | 2008-63000027 | |
| 31-12-2006 | full format | 29-08-2007 | 2007-65400385 |