NFConsulting

Bankruptcy closed

Private limited company (pre-2019)founded 2008KBO/BCE: BE 0808.971.882

Summary

NFConsulting was declared bankrupt (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 25-06-2024, published in the Belgian Official Gazette on 03-07-2024. The 2016 annual accounts show equity of €83,107 and a net result of €4,297.

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NFConsultingBankruptcy closed

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Financials · financial year 2016, full format

2016 annual accounts filed late (46 days) Filed on 15 June 2017, deadline 30 April 2017 (7 months after the close on 30 September 2016, Companies Code art. 3:10). Source: NBB, 2017-17800510.

Turnover

≈ €40,000

Estimated: probably between €27,000 and €99,000

EBIT margin

Not included in this filing

Net result

€4,297▼ 34.4%

2015 · €6,553

Working capital

€78,568▲ 9.8%

2015 · €71,543

Trend over the years

Last 5 years All years

2012 to 2016, 5 financial years 2012 to 2016, 5 financial years

The operating result falls in 2016; 2016 is 40% below 2015.

Turnover and resultEquity and debtWorking capital

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€5,579 2016 Net result€4,297 2016

Every figure with its change against the financial year before

favourable unfavourable

Line20122013201420152016

Operating result€8,734-€11,687▲ 33.8%€4,952▼ 57.6%€9,276▲ 87.3%€5,579▼ 39.9%

Net result€7,453-€7,311▼ 1.9%-€5,662€6,553€4,297▼ 34.4%

Equity€70,608-€77,919▲ 10.4%€72,257▼ 7.3%€78,810▲ 9.1%€83,107▲ 5.5%

Total assets€88,329-€107,924▲ 22.2%€104,402▼ 3.3%€116,206▲ 11.3%€132,053▲ 13.6%

Debt€17,721-€30,005▲ 69.3%€32,145▲ 7.1%€37,396▲ 16.3%€48,946▲ 30.9%

Working capital€63,344-€69,336▲ 9.5%€66,220▼ 4.5%€71,543▲ 8.0%€78,568▲ 9.8%

The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2016 in colour, 2015 as the grey bar beneath

Assets €132,053

95.5%

Fixed assets €5,919 ▼ 18.5%

Current assets €126,134 ▲ 15.8%

Equity and liabilities €132,053

62.9%

37.1%

Equity €83,107 ▲ 5.5%

Debt €48,946 ▲ 30.9%

Debt's share of the balance-sheet total rises from 32.2% to 37.1%. Equity and debt are higher.

Key figures and ratios

2016 value · change against 2015

EBITDA

€7,639▼

2015 · €11,159

Cash flow

€6,357▼

2015 · €8,436

Current ratio

2.65▼

2015 · 2.91

ROE

5.2%▼

2015 · 8.3%

ROA

3.3%▼

2015 · 5.6%

Debt ≤ 1 year

€47,566▲

2015 · €37,396

Income taxes

€1,481▼

2015 · €2,311

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

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2016 against 2015 · 26 lines

Balance sheet Code20152016

Assets

Total assets20/58€116,206€132,053▲

Fixed assets21/28€7,267€5,919▼

Intangible fixed assets21€5,079€3,285▼

Tangible fixed assets22/27€288€734▲

Financial fixed assets28€1,900€1,900=

Current assets29/58€108,939€126,134▲

Amounts receivable within one year40/41€102,394€121,976▲

Current investments50/53€2,202€2,202=

Cash at bank and in hand54/58€1,144-

Equity and liabilities

Total equity and liabilities10/49€116,206€132,053▲

Equity10/15€78,810€83,107▲

Contributions10/11€18,600€18,600=

Reserves13€13,360€13,360=

Profit (loss) carried forward14€46,850€51,147▲

Amounts payable17/49€37,396€48,946▲

Amounts payable within one year42/48€37,396€47,566▲

Trade debts44€12,436€18,251▲

Income statement Code20152016

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,883€2,060▲

Gross operating margin9900€12,159€10,999▼

Operating profit (loss)9901€9,276€5,579▼

Recurring financial income75€502€1,080▲

Recurring financial charges65€394€881▲

Profit (loss) for the period before taxes9903€8,864€5,778▼

Income taxes67/77€2,311€1,481▼

Profit (loss) for the period9904€6,553€4,297▼

Profit (loss) for the period to be appropriated9905€6,553€4,297▼

Line	2012	2013	2014	2015	2016	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€2,071	€1,681	€1,446	€1,883	€2,060	▲ 9.4%
Gross operating margin9900	€12,185	€13,730	€7,848	€12,159	€10,999	▼ 9.5%
Operating profit (loss)9901	€8,734	€11,687	€4,952	€9,276	€5,579	▼ 39.9%
Recurring financial income75	-	-	€33	€502	€1,080	▲ 115%
Recurring financial charges65	€911	€1,024	€1,893	€394	€881	▲ 124%
Profit (loss) for the period before taxes9903	€7,453	€9,776	€2,701	€8,864	€5,778	▼ 34.8%
Income taxes67/77	-	€2,465	€8,363	€2,311	€1,481	▼ 35.9%
Profit (loss) for the period9904	€7,453	€7,311	-€5,662	€6,553	€4,297	▼ 34.4%
Profit (loss) for the period to be appropriated9905	€7,453	€7,311	-€5,662	€6,553	€4,297	▼ 34.4%

Line	2012	2013	2014	2015	2016	Change
Assets
Total assets20/58	€88,329	€107,924	€104,402	€116,206	€132,053	▲ 13.6%
Fixed assets21/28	€7,264	€8,583	€6,037	€7,267	€5,919	▼ 18.5%
Intangible fixed assets21	€6,961	€5,549	€4,137	€5,079	€3,285	▼ 35.3%
Tangible fixed assets22/27	€303	€34	-	€288	€734	▲ 155%
Financial fixed assets28	-	€3,000	€1,900	€1,900	€1,900	=
Current assets29/58	€81,065	€99,341	€98,365	€108,939	€126,134	▲ 15.8%
Amounts receivable within one year40/41	€74,665	€85,334	€97,215	€102,394	€121,976	▲ 19.1%
Current investments50/53	-	-	-	€2,202	€2,202	=
Cash at bank and in hand54/58	€3,158	€3,550	-	€1,144	-	-
Equity and liabilities
Total equity and liabilities10/49	€88,329	€107,924	€104,402	€116,206	€132,053	▲ 13.6%
Equity10/15	€70,608	€77,919	€72,257	€78,810	€83,107	▲ 5.5%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	=
Reserves13	€13,360	€13,360	€13,360	€13,360	€13,360	=
Profit (loss) carried forward14	€38,648	€45,959	€40,297	€46,850	€51,147	▲ 9.2%
Amounts payable17/49	€17,721	€30,005	€32,145	€37,396	€48,946	▲ 30.9%
Amounts payable within one year42/48	€17,721	€30,005	€32,145	€37,396	€47,566	▲ 27.2%
Trade debts44	€3,235	€3,540	€6,323	€12,436	€18,251	▲ 46.8%

Line	2012	2013	2014	2015	2016	Change
Profit (loss) for the period9904	€7,453	€7,311	-€5,662	€6,553	€4,297	▼ 34.4%
+ Depreciation and write-downs630	€2,071	€1,681	€1,446	€1,883	€2,060	▲ 9.4%
Operating cash flow (approximation)	€9,524	€8,992	-€4,216	€8,436	€6,357	▼ 24.6%
Investment in fixed assets (approximation)	-	-€3,000	€1,100	-€3,113	-€712	▲ 77.1%
Change in cash	-	€392	-	-	-	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (7)

Financial year	Type	Filed	Reference
30-09-2016	full format	15-06-2017	2017-17800510
30-09-2015	full format	26-05-2016	2016-14400491
30-09-2014	full format	02-12-2015	2015-68100239
30-09-2013	full format	14-07-2014	2014-29900184
30-09-2012	full format	15-06-2013	2013-18600536
30-09-2011	full format	20-11-2012	2012-64200573
30-09-2010	full format	26-04-2011	2011-09200555

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Of the 11,652 active companies whose main activity is other education (NACE 85599), figures are known for 1,359. 1,060 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.