MINUCH
BankruptcyFinancials · financial year 2016, abbreviated format
Equity
-€83,694▲ 18.0%
2015 · -€102,021
Total assets
€116,685▲ 0.8%
2015 · €115,727
Net result
€18,327
2015 · -€48,084
Working capital
-€85,794▲ 10.3%
2015 · -€95,614
Trend over the years
2014 to 2016, 3 financial years 2014 to 2016, 3 financial years
The operating result returns to profit in 2016: €23,314 after a loss of €45,801 in 2015, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€23,314
2016
Net result€18,327
2016
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€116,685
2016
Equity-€83,694
2016
Debt€200,379
2016
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€85,794
2016
Average staff in full-time equivalents (FTE).
Staff (FTE)1.2
2015
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201420152016
Operating result€16,361--€45,801€23,314
Net result€12,328--€48,084€18,327
Equity-€53,937--€102,021▼ 89.1%-€83,694▲ 18.0%
Total assets€93,898-€115,727▲ 23.2%€116,685▲ 0.8%
Debt€147,835-€217,748▲ 47.3%€200,379▼ 8.0%
Working capital-€62,852--€95,614▼ 52.1%-€85,794▲ 10.3%
Staff (FTE)1.6-1.2▼ 25.0%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €116,685
Fixed assets
€2,100 ▼ 68.7%
Current assets
€114,585 ▲ 5.1%
Equity and liabilities
Equity-€83,694
Debt€200,379
Equity is negative: debt (€200,379) exceeds the balance-sheet total (€116,685).
Key figures and ratios
EBITDA
€30,028▲
2015 · -€34,114
Cash flow
€25,040▲
2015 · -€36,397
Solvency
-71.7%▲
2015 · -88.2%
Current ratio
0.57▲
2015 · 0.53
Quick ratio
0.47▲
2015 · 0.35
ROA
15.7%▲
2015 · -41.5%
Debt ≤ 1 year
€200,379▼
2015 · €204,628
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,525 | €11,687 | €6,713 | ▼ 42.6% |
| Gross operating margin9900 | €88,407 | €24,753 | €31,996 | ▲ 29.3% |
| Operating profit (loss)9901 | €16,361 | -€45,801 | €23,314 | - |
| Recurring financial income75 | €96 | €377 | €8 | ▼ 97.9% |
| Recurring financial charges65 | €4,129 | €7,058 | €4,995 | ▼ 29.2% |
| Profit (loss) for the period before taxes9903 | €12,328 | -€48,084 | €18,327 | - |
| Profit (loss) for the period9904 | €12,328 | -€48,084 | €18,327 | - |
| Profit (loss) for the period to be appropriated9905 | €12,328 | -€48,084 | €18,327 | - |
| Line | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €93,898 | €115,727 | €116,685 | ▲ 0.8% |
| Fixed assets21/28 | €8,915 | €6,713 | €2,100 | ▼ 68.7% |
| Tangible fixed assets22/27 | €8,915 | €6,713 | - | - |
| Financial fixed assets28 | - | - | €2,100 | - |
| Current assets29/58 | €84,983 | €109,014 | €114,585 | ▲ 5.1% |
| Stocks and contracts in progress3 | €15,297 | €38,100 | €20,457 | ▼ 46.3% |
| Amounts receivable within one year40/41 | €68,391 | €58,493 | €77,226 | ▲ 32.0% |
| Cash at bank and in hand54/58 | €636 | €12,420 | €16,530 | ▲ 33.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €93,898 | €115,727 | €116,685 | ▲ 0.8% |
| Equity10/15 | -€53,937 | -€102,021 | -€83,694 | ▲ 18.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€74,397 | -€122,481 | -€104,154 | ▲ 15.0% |
| Amounts payable17/49 | €147,835 | €217,748 | €200,379 | ▼ 8.0% |
| Amounts payable within one year42/48 | €147,835 | €204,628 | €200,379 | ▼ 2.1% |
| Trade debts44 | €96,332 | €144,197 | €140,598 | ▼ 2.5% |
| Line | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,328 | -€48,084 | €18,327 | - |
| + Depreciation and write-downs630 | €8,525 | €11,687 | €6,713 | ▼ 42.6% |
| Operating cash flow (approximation) | €20,853 | -€36,397 | €25,040 | - |
| Investment in fixed assets (approximation) | - | -€9,485 | -€2,100 | ▲ 77.9% |
| Change in cash | - | €11,784 | €4,110 | ▼ 65.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31300253 |
| 31-12-2015 | abbreviated format | 14-07-2016 | 2016-31100511 |
| 31-12-2014 | abbreviated format | 15-10-2015 | 2015-64800505 |
| 31-12-2013 | abbreviated format | 30-08-2014 | 2014-56000328 |
| 31-12-2012 | full format | 28-08-2013 | 2013-51200537 |
| 31-12-2011 | full format | 08-07-2012 | 2012-28000165 |
| 31-12-2010 | full format | 30-06-2011 | 2011-24700133 |
| 31-12-2009 | full format | 25-08-2010 | 2010-45500200 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 454 active companies whose main activity is retail trade (NACE 47230), figures are known for 267. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.