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MESTDAG-DEVAERE

Inactive KBO/BCE: BE 0478.593.743 subsidiary of ZEEVOS BVBA
MESTDAG-DEVAERE
Financial year 2018
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Annual accounts 2018

abbreviated format, filed on 18-04-2019, 104 days before the deadline
Gross margin
€322,971
▲ 248%
Operating result
€238,439
▲ 53×
Profit
€162,637
▲ €163,817
Working capital
€264,096
▲ 75.5%
Solvency
67.0%
▲ 40.1 percentage points
Current ratio
27.44
▲ 19.79

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €760,000. Estimated: probably between €460,000 and €1.3m.

Balance sheet

balance sheet total €318,587 on 31-12-2018
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE€124,602

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2018201720162015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 318,587188,578206,113197,616205,189192,638173,744183,260162,940160,818171,964166,344161,750
Fixed assets21/28 44,50115,4233,3437,9347,48911,10914,9041,6583,18717,18930,76349,05167,452
Intangible fixed assets21 ---------11,04125,80340,56555,328
Tangible fixed assets22/27 44,25115,1733,0937,6847,23910,85914,6541,4082,9375,8984,7108,23611,874
Plant, machinery and equipment23 3,1382,474167278-----61137500754
Furniture and vehicles24 41,11312,6992,9267,4067,23910,85914,6541,4082,9375,8374,5737,73611,120
Financial fixed assets28 250250250250250250250250250250250250250
Current assets29/58 274,086173,155202,771189,682197,700181,529158,840181,602159,753143,629141,201117,29394,298
Amounts receivable within one year40/41 135,564116,719140,855145,715137,588127,493136,001139,063142,868128,03883,57489,30078,732
Trade receivables40 54961,56161,71667,20763,28658,12368,90464,981124,040106,93269,24985,83376,268
Other amounts receivable41 135,01555,15879,13978,50874,30269,37067,09774,08218,82821,10614,3253,4672,464
Current investments50/53 -----------15,000-
Cash at bank and in hand54/58 136,90454,73159,95142,92459,88253,53721,98941,74916,60015,59157,37812,79613,557
Deferred charges and accrued income490/1 1,6181,7051,9661,043230499850790285-2491972,009
Balance sheet: equity and liabilities
Total equity and liabilities10/49 318,587188,578206,113197,616205,189192,638173,744183,260162,940160,818171,964166,344161,750
Equity10/15 213,32150,68451,86548,07736,23128,61113,71815,33415,55612,84810,32011,20210,792
Contributions10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Issued capital100 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Reserves13 194,72132,08433,26529,47717,63114,97014,97114,97014,97114,97114,97114,97114,971
Legal reserve130 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
Tax-exempt reserves132 178,661------------
Distributable reserves133 14,20030,22431,40527,61715,77113,11013,11113,11013,11113,11113,11113,11113,111
Profit (loss) carried forward14 ------4,959-19,853-18,236-18,015-20,723-23,251-22,369-22,779
Provisions and deferred taxes16 75,047-----6,3316,331-----
Provisions for liabilities and charges160/5 ------6,3316,331-----
Deferred taxes168 75,047------------
Amounts payable17/49 30,219137,894154,249149,539168,958164,027153,695161,595147,384147,970161,644155,142150,958
Amounts payable after more than one year17 20,229115,241113,508112,067121,165124,819128,095118,061118,063118,064118,071118,014118,096
Financial debts170/4 20,229115,241113,508112,067121,165124,819128,095118,061118,063118,064118,071118,014118,096
Amounts payable within one year42/48 9,99022,65340,59731,97239,15934,70024,39823,33528,12223,70824,33524,42229,650
Current portion of amounts payable after more than one year42 7,9002,0112,2805,1953,2513,2513,251------
Trade debts44 1,1152,48717,1484,5983,5665,3222,0997,7733,1972,7924,05210,1515,091
Suppliers440/4 1,1152,48717,1484,5983,5665,3222,0997,7733,1972,7924,05210,1515,091
Taxes, remuneration and social security45 97514,45121,16922,17932,29026,11018,88215,56224,92520,91620,28314,09224,559
Taxes450/3 9753,3889,1856,49819,85013,2557,3895,50912,8329,1629,3997,75110,057
Remuneration and social security454/9 -11,06311,98415,68112,44012,85511,49310,05312,09311,75410,8846,34114,502
Other amounts payable47/48 -3,705--5217166----179-
Accrued charges and deferred income492/3 --1445,5008,6344,5081,20220,1991,1996,19819,23812,7063,212
Income statement
Non-recurring operating income76A 313,419-----2,500---3,086--
Gross operating margin9900 322,97192,927130,956125,204101,619109,92986,37489,392110,054113,92496,84595,810105,920
Remuneration, social security and pensions62 62,30177,98386,26197,47283,31585,52179,64675,32283,82679,86277,73264,70275,541
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 15,9609,5835,6816,3293,6203,7954,8521,52915,10019,90218,28919,10020,183
Provisions for liabilities and charges: additions (uses and reversals)635/8 ------6,331-6,331-----
Other operating charges640/8 1,374870807754752745796644648563555552758
Non-recurring operating charges66A 4,898-25,769--535360---19520318
Operating profit (loss)9901 238,4394,49112,43920,64913,93226,1991,0805,56610,48013,59726911,4569,438
Financial income75/76B 1,2511,2401,5332,8592,7592,4002,8322,3871,7921,9102,2564581,901
Recurring financial income75 1,2511,2401,5332,8592,7592,4002,8322,3871,7921,9102,2564581,901
Financial charges65/66B 2,0062,0832,0182,1302,0651,9855,4875,0305,0405,0175,1655,1185,191
Recurring financial charges65 2,0062,0832,0182,1302,0651,9855,4875,0305,0405,0175,1655,1185,191
Profit (loss) for the period before taxes9903 237,6833,64811,95421,37814,62626,0795652,9237,23210,4902516,7765,830
Income taxes67/77 -04,8288,1669,5327,00711,1852,1823,1444,5247,9621,1336,3666,771
Profit (loss) for the period9904 162,637-1,1813,78811,8467,61914,894-1,617-2212,7082,528-882410-941
Transfer to tax-exempt reserves689 178,661------------
Profit (loss) for the period to be appropriated9905 -16,024-1,1813,78811,8467,61914,894-1,617-2212,7082,528-882410-941
Appropriation of the result
Profit (loss) to be appropriated9906 -16,024-1,1813,78811,8462,660-4,959-19,853-18,236-18,015-20,723-23,251-22,369-22,779
Transfer from equity791/2 16,0241,181-----------
Transfer to equity691/2 --3,78811,8462,660--------
To other reserves6921 --3,78811,8462,660--------
Social balance sheet
Average staff (FTE)9087 0.51.61.72.31.81.81.81.92221.72
Hours worked1013 7642,6212,8943,4462,8553,0192,9992,4383,3273,3053,2732,6733,231
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The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2018 (PDF), filed on 18-04-2019.

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Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2018 abbreviated format 18-04-2019 2019-10300067 PDF
31-12-2017 abbreviated format 28-09-2018 2018-66700246 PDF
31-12-2016 abbreviated format 29-09-2017 2017-64700586 PDF
31-12-2015 abbreviated format 30-09-2016 2016-63500025 PDF
31-12-2014 abbreviated format 31-08-2015 2015-56800260 PDF
31-12-2013 abbreviated format 30-09-2014 2014-63500325 PDF
31-12-2012 abbreviated format 30-09-2013 2013-61700340 PDF
31-12-2011 abbreviated format 30-11-2012 2012-65900133 PDF
31-12-2010 abbreviated format 30-06-2011 2011-24500011 PDF
31-12-2009 abbreviated format 31-12-2010 2010-65200175 PDF
31-12-2008 abbreviated format 03-07-2009 2009-35800102 PDF
31-12-2007 abbreviated format 01-07-2008 2008-34300003 PDF
31-12-2006 abbreviated format 24-07-2007 2007-45800384 PDF
31-12-2005 abbreviated format 12-07-2006 2006-45702029 PDF
31-12-2004 abbreviated format 22-07-2005 2005-54103272 PDF
31-12-2003 abbreviated format 07-07-2004 2004-42002825 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2018201720162015201420132012201120102009200820072006
EBITDA 254,39914,07418,12026,97817,55229,9945,9327,09525,58033,49918,55830,55629,621
Cash flow 178,5978,4039,46918,17511,23918,6893,2351,30817,80822,43017,40719,51019,242
Investment in fixed assets (approximation) 45,51921,6642,1476,7740018,09801,0986,328170013,194
Change in cash 82,173-5,22017,027-16,9586,34531,548-19,76025,1491,009-41,78744,582-761-
Working capital 264,096150,502162,174157,710158,541146,829134,442158,267131,631119,921116,86692,87164,648
Solvency 67.0%26.9%25.2%24.3%17.7%14.9%7.9%8.4%9.5%8.0%6.0%6.7%6.7%
Current ratio 27.447.644.995.935.055.236.517.785.686.065.804.803.18
Debt to equity 0.142.722.973.114.665.7311.2010.549.4711.5215.6613.8513.99
ROE 76.2%-2.3%7.3%24.6%21.0%52.1%-11.8%-1.4%17.4%19.7%-8.5%3.7%-8.7%
ROA 51.0%-0.6%1.8%6.0%3.7%7.7%-0.9%-0.1%1.7%1.6%-0.5%0.2%-0.6%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on MESTDAG-DEVAERE

The operating result for 2018 is 53 times that of 2017 and the highest since 2006. It is a recovery after the fall in 2017.

Debt's share of the balance-sheet total falls from 73.1% to 9.5%. Equity is higher and debt is lower.

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