NARDA
InactiveInactive; last annual accounts for fiscal year 2013.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2013 was due by 31-01-2014 and was filed on 22-07-2014, 172 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 filingsDeviation from the deadline
2013
172 d late
2012
36 d early
2011
14 d early
2010
45 d early
2009
33 d early
2008
32 d early
2007
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2013, full schema
Turnover
€5.1m▼ 48.8%
2012 · €10.0m
EBIT margin
13.2%▲ 5.6pp
2012 · 7.5%
Net result
€444,435▼ 4.4%
2012 · €465,131
Working capital
€2.7m▲ 11.6%
2012 · €2.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20092010201120122013
Turnover€8.5m€10.8m▲ 26.7%€10.0m▼ 6.7%€5.1m▼ 48.8%
Operating result€595,898-€1.1m▲ 79.6%€796,757▼ 25.6%€753,300▼ 5.5%€675,109▼ 10.4%
Net result€372,278-€708,025▲ 90.2%€499,037▼ 29.5%€465,131▼ 6.8%€444,435▼ 4.4%
EBIT margin12.6%7.4%▼ 5.2pp7.5%▲ 0.1pp13.2%▲ 5.6pp
Equity€1.3m-€2.0m▲ 53.7%€2.5m▲ 24.6%€3.0m▲ 18.4%€3.4m▲ 14.9%
Total assets€3.0m-€3.6m▲ 20.4%€3.9m▲ 8.3%€4.1m▲ 5.3%€5.0m▲ 19.8%
Debt€1.7m-€1.6m▼ 4.0%€1.4m▼ 12.3%€1.2m▼ 18.2%€1.5m▲ 32.5%
Working capital€1.3m-€1.8m▲ 36.1%€1.9m▲ 6.0%€2.4m▲ 24.4%€2.7m▲ 11.6%
Staff (FTE)28-31.4▲ 12.1%36.5▲ 16.2%40.7▲ 11.5%37.8▼ 7.1%
Why a figure moved sharply
- 2010 Net result +90% on 2009. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2013 is 10% below 2012.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €5.0m
Fixed assets
€981,912 ▲ 20.2%
Current assets
€4.0m ▲ 19.7%
Equity and liabilities €5.0m
Equity
€3.4m ▲ 14.9%
Debt
€1.5m ▲ 32.5%
Debt's share of the balance-sheet total rises from 27.9% to 30.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€772,661▼
2012 · €1.0m
Cash flow
€541,986▼
2012 · €716,260
Current ratio
3.08▼
2012 · 3.63
Quick ratio
2.60▼
2012 · 3.04
Debt to equity
0.07▼
2012 · 0.08
ROE
12.9%▼
2012 · 15.6%
ROA
8.9%▼
2012 · 11.2%
Interest coverage
111.69▲
2012 · 53.24
Debt ≤ 1 year
€1.3m▲
2012 · €919,051
Debt > 1 year
€225,632▼
2012 · €234,288
Income taxes
€211,034▼
2012 · €218,459
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €8.5m | €10.8m | €10.0m | €5.1m | ▼ 48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €305,139 | €238,782 | €268,464 | €251,129 | €97,551 | ▼ 61.2% |
| Gross operating margin9900 | €2.1m | - | - | - | - | - |
| Operating profit (loss)9901 | €595,898 | €1.1m | €796,757 | €753,300 | €675,109 | ▼ 10.4% |
| Recurring financial income75 | €2,941 | €19,050 | €12,956 | €6,151 | €4,948 | ▼ 19.6% |
| Recurring financial charges65 | €129,651 | €95,767 | €80,545 | €75,861 | €32,710 | ▼ 56.9% |
| Debt charges650 | - | €36,514 | €28,192 | €18,868 | €6,918 | ▼ 63.3% |
| Profit (loss) for the period before taxes9903 | €469,712 | €1.0m | €729,169 | €683,590 | €655,469 | ▼ 4.1% |
| Income taxes67/77 | €97,434 | €293,483 | €230,131 | €218,459 | €211,034 | ▼ 3.4% |
| Profit (loss) for the period9904 | €372,278 | €708,025 | €499,037 | €465,131 | €444,435 | ▼ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €372,278 | €708,025 | €499,037 | €465,131 | €444,435 | ▼ 4.4% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €3.6m | €3.9m | €4.1m | €5.0m | ▲ 19.8% |
| Fixed assets21/28 | €765,217 | €640,814 | €872,245 | €817,064 | €981,912 | ▲ 20.2% |
| Tangible fixed assets22/27 | €763,817 | €639,414 | €861,552 | €800,371 | €965,219 | ▲ 20.6% |
| Financial fixed assets28 | €1,401 | €1,401 | €10,693 | €16,693 | €16,693 | = |
| Current assets29/58 | €2.3m | €3.0m | €3.1m | €3.3m | €4.0m | ▲ 19.7% |
| Stocks and contracts in progress3 | €363,422 | €422,096 | €550,465 | €538,721 | €621,900 | ▲ 15.4% |
| Amounts receivable within one year40/41 | €1.3m | €1.7m | €1.2m | €1.4m | €1.7m | ▲ 22.2% |
| Current investments50/53 | €3,201 | €3,238 | €3,276 | - | - | - |
| Cash at bank and in hand54/58 | €628,969 | €848,205 | €1.3m | €1.3m | €1.6m | ▲ 19.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €3.6m | €3.9m | €4.1m | €5.0m | ▲ 19.8% |
| Equity10/15 | €1.3m | €2.0m | €2.5m | €3.0m | €3.4m | ▲ 14.9% |
| Contributions10/11 | €155,000 | €155,000 | €155,000 | €155,000 | €155,000 | = |
| Reserves13 | €36,593 | €36,593 | €36,593 | €36,593 | €36,593 | = |
| Profit (loss) carried forward14 | €1.1m | €1.8m | €2.3m | €2.8m | €3.2m | ▲ 15.9% |
| Provisions and deferred taxes16 | €24,000 | - | - | - | - | - |
| Amounts payable17/49 | €1.7m | €1.6m | €1.4m | €1.2m | €1.5m | ▲ 32.5% |
| Amounts payable after more than one year17 | €746,550 | €437,657 | €278,947 | €234,288 | €225,632 | ▼ 3.7% |
| Amounts payable within one year42/48 | €913,715 | €1.2m | €1.1m | €919,051 | €1.3m | ▲ 41.0% |
| Trade debts44 | €571,062 | €799,829 | €737,135 | €683,828 | €870,546 | ▲ 27.3% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €372,278 | €708,025 | €499,037 | €465,131 | €444,435 | ▼ 4.4% |
| + Depreciation and write-downs630 | €305,139 | €238,782 | €268,464 | €251,129 | €97,551 | ▼ 61.2% |
| Operating cash flow (approximation) | €677,417 | €946,807 | €767,501 | €716,260 | €541,986 | ▼ 24.3% |
| Investment in fixed assets (approximation) | - | -€114,379 | -€499,895 | -€195,949 | -€262,399 | ▼ 33.9% |
| Change in cash | - | €219,237 | €412,429 | €87,971 | €264,214 | ▲ 200% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2014
22-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 172 days late
29-01
State Gazette act
General meeting · Merger
Capital increase · Capital
2013
25-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
17-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
16-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
31-12
Financial
Highest result since 2009net €708,025 ▲90.2%
Operating result €1.1m, net result €708,025, both a record.
31-12
Financial
Equity above €2mEq €2.0m ▲53.7%
2 profitable years in a row build equity to €2.0m.
28-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
29-06
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
25-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
23-07
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
07-06
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
17-05
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Les Vergers du Vieux Tauves S.A.