MICHRI

Inactive

KBO/BCE: BE 0862.001.188

Inactive; last annual accounts for fiscal year 2015.

Watch Print / PDF

Signals

1 signal. The signal on the left, the evidence on the right.

+raises risk

Filed more than 90 days late

The financial year that closed on 30-06-2015 was due by 31-01-2016 and was filed on 31-10-2016, 274 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2015

274 d late

2014

60 d early

2013

6 d late

2012

8 d late

2011

2 d late

2010

59 d late

2009

122 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2015, full schema

Turnover

€100k▼ 53.5%

2014 · €215k

2011: €216k 2012: €216k 2013: €216k 2014: €215k

2011 → 2015

EBIT margin

44.6%▲ 7.5pp

2014 · 37.1%

2011: 37.9% 2012: 38.3% 2013: 38.2% 2014: 37.1%

2011 → 2015

Net result

€-33k▲ 80.6%

2014 · €-169k

2011: €305 2012: €3k 2013: €6k 2014: €-169k

2011 → 2015

Working capital

€-1.14M▼ 6.2%

2014 · €-1.08M

2011: €73k 2012: €-48k 2013: €-135k 2014: €-1.08M

2011 → 2015

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20112012201320142015Trend

Turnover€216k-€216k=€216k=€215k▼ 0.4%€100k▼ 53.5%

Equity€159k-€162k▲ 1.9%€167k▲ 3.5%€148k▼ 11.6%€115k▼ 22.2%

Operating result€82k-€83k▲ 1.1%€82k▼ 0.4%€80k▼ 3.2%€45k▼ 44.2%

Net result€305-€3k▲ 892%€6k▲ 87.9%€-169k€-33k▲ 80.6%

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2015 is 44% below 2014 and is the lowest result in the available series.

Balance-sheet composition

2015 in colour, 2014 as the grey bar beneath

Assets €2.10M

59.9%

40.1%

Fixed assets €1.26M ▲ 2.8%

Current assets €844k ▲ 253%

Equity and liabilities €2.10M

94.5%

Equity €115k ▼ 22.2%

Debt €1.99M ▲ 51.1%

Debt's share of the balance-sheet total rises from 89.9% to 94.5%. Equity is lower and debt is higher.

Key figures and ratios

2015 value · change against 2014

EBITDA

€76k▼

2014 · €147k

Cash flow

€-2k▲

2014 · €-102k

Current ratio

0.42▲

2014 · 0.18

ROE

-28.5%▲

2014 · -114.3%

ROA

-1.6%▲

2014 · -11.6%

Interest coverage

1.58▲

2014 · 0.59

Debt ≤ 1 year

€1.99M▲

2014 · €1.32M

Income taxes

€29k▲

2014 · €-39

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2015 against 2014 · 24 lines

Balance sheet Code20142015

Assets

Total assets20/58€1.46M€2.10M▲

Fixed assets21/28€1.22M€1.26M▲

Tangible fixed assets22/27€1.22M€1.26M▲

Current assets29/58€239k€844k▲

Amounts receivable within one year40/41€63k€82k▲

Cash at bank and in hand54/58€176k€26k▼

Equity and liabilities

Total equity and liabilities10/49€1.46M€2.10M▲

Equity10/15€148k€115k▼

Contributions10/11€250k€250k=

Reserves13€71k€71k=

Profit (loss) carried forward14€-173k€-206k▼

Amounts payable17/49€1.32M€1.99M▲

Amounts payable within one year42/48€1.32M€1.99M▲

Trade debts44€5k-

Income statement Code20142015

Turnover70€215k€100k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€31k▼

Operating profit (loss)9901€80k€45k▼

Recurring financial income75€13€14k▲

Recurring financial charges65€249k€62k▼

Debt charges650€248k€48k▼

Profit (loss) for the period before taxes9903€-169k€-3k▲

Income taxes67/77€-39€29k▲

Profit (loss) for the period9904€-169k€-33k▲

Profit (loss) for the period to be appropriated9905€-169k€-33k▲

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 2Gazette 1Filings 10

2016

31-10

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 274 days late

2015

08-10

State Gazette act Merger · Capital

Corporate purpose · Real estate

01-06

NBB filing Annual accounts filed

fiscal year 2014 · full schema

2014

31-12

Financial Weakest financial yearnet €-169k ▼3075%

Net result drops to €-169k, the lowest in the series.

06-08

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 6 days late

2013

31-12

Financial Highest result since 2011net €6k ▲87.9%

Net result €6k, the highest in the series.

08-08

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 8 days late

2012

02-08

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 2 days late

2011

28-09

NBB filing Annual accounts filed

fiscal year 2010 · full schema · 59 days late

2010

30-11

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema · 122 days late

2009

28-07

NBB filing Annual accounts filed

fiscal year 2008 · full schema

2008

24-06

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema

2007

02-07

NBB filing Annual accounts filed

fiscal year 2006 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Structure & network

Acquisitions and mergers

1 transaction

Taken over by:AEDIFICA

BE 0877.248.501proposal · State Gazette act of 08-10-2015