Oase

Open bankruptcy

Non-profit associationfounded 1991KBO/BCE: BE 0444.976.216

A bankruptcy procedure is open for Oase according to publications in the Belgian Official Gazette; trustee: Dirk De Maeseneer.

Summary

The file additionally contains 1 administrative flag. The 2015 annual accounts show negative equity (-€3.8m) and a net result of -€2.2m.

Follow Report

OaseOpen bankruptcy

Report

Financials · financial year 2015, abbreviated format

2015 annual accounts filed late (100 days) Filed on 8 November 2016, deadline 31 July 2016 (7 months after the close on 31 December 2015, Companies Code art. 3:10). Source: NBB, 2016-67700065.

Turnover

€14.0m▲ 83.2%

2014 · €7.6m

EBIT margin

-13.9%▲ 12.3pp

2014 · -26.2%

Net result

-€2.2m▼ 93.0%

2014 · -€1.2m

Working capital

-€3.7m▲ 4.3%

2014 · -€3.9m

Trend over the years

Last 5 years All years

2011 to 2015, 5 financial years 2011 to 2015, 5 financial years

The operating result stays negative: a loss of €1.9m in 2015 against €2.0m in 2014; the loss shrinks.

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

Turnover€14.0m 2015 Operating result-€1.9m 2015 Net result-€2.2m 2015

Every figure with its change against the financial year before

favourable unfavourable

Line20112012201320142015

Turnover€1.7m-€3.9m▲ 124%€4.4m▲ 12.2%€7.6m▲ 74.5%€14.0m▲ 83.2%

Operating result-€0.2m-€0.3m€0.1m▼ 58.7%-€2.0m-€1.9m▲ 2.8%

Net result-€0.002m--€0.9m▼ 39,834%-€0.06m▲ 93.6%-€1.2m▼ 1,949%-€2.2m▼ 93.0%

EBIT margin-10.0%-8.6%▲ 18.5pp3.2%▼ 5.4pp-26.2%▼ 29.4pp-13.9%▲ 12.3pp

Equity€0.2m-€0.2m▼ 1.6%€0.2m▼ 24.9%-€1.0m-€3.8m▼ 286%

Total assets€14.4m-€22.5m▲ 56.6%€21.3m▼ 5.3%€14.5m▼ 31.7%€18.8m▲ 29.6%

Debt€14.1m-€22.3m▲ 57.5%€21.1m▼ 5.1%€15.5m▼ 26.5%€22.7m▲ 45.9%

Working capital-€6.9m--€3.9m▲ 43.2%-€4.3m▼ 10.2%-€3.9m▲ 10.9%-€3.7m▲ 4.3%

Staff (FTE)32.9-53.3▲ 62.0%62.2▲ 16.7%119.4▲ 92.0%184.1▲ 54.2%

Balance-sheet composition

2015 in colour, 2014 as the grey bar beneath

Assets €18.8m

45.7%

54.3%

Fixed assets €8.6m ▼ 17.6%

Current assets €10.2m ▲ 150%

Equity and liabilities

Equity-€3.8m

Debt€22.7m

Equity is negative: debt (€22.7m) exceeds the balance-sheet total (€18.8m).

Key figures and ratios

2015 value · change against 2014

EBITDA

-€1.3m▲

2014 · -€1.8m

Cash flow

-€1.6m▼

2014 · -€971,013

Solvency

-20.2%▼

2014 · -6.8%

Current ratio

0.73▲

2014 · 0.51

ROA

-11.8%▼

2014 · -7.9%

Interest coverage

-4.24▼

2014 · -1.36

Debt ≤ 1 year

€13.9m▲

2014 · €8.0m

Debt > 1 year

€8.0m▲

2014 · €7.5m

No debt to equity: equity is negative, so debt divided by equity means nothing.

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 · 2015 against 2014 · 26 lines

Balance sheet Code20142015

Assets

Total assets20/58€14.5m€18.8m▲

Formation expenses20€0.8m€0.6m▼

Fixed assets21/28€10.4m€8.6m▼

Intangible fixed assets21€5.5m€3.4m▼

Tangible fixed assets22/27€4.2m€4.6m▲

Financial fixed assets28€0.003m€0.003m=

Current assets29/58€4.1m€10.2m▲

Amounts receivable within one year40/41€2.9m€9.0m▲

Current investments50/53€1.0m€0.006m▼

Cash at bank and in hand54/58€0.2m€1.3m▲

Equity and liabilities

Total equity and liabilities10/49€14.5m€18.8m▲

Equity10/15-€1.0m-€3.8m▼

Profit (loss) carried forward14-€1.5m-€4.4m▼

Amounts payable17/49€15.5m€22.7m▲

Amounts payable after more than one year17€7.5m€8.0m▲

Amounts payable within one year42/48€8.0m€13.9m▲

Trade debts44€2.8m€5.5m▲

Income statement Code20142015

Turnover70€7.6m€14.0m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.6m▲

Operating profit (loss)9901-€2.0m-€1.9m▲

Recurring financial income75€1.2m€0.1m▼

Recurring financial charges65€1.7m€0.4m▼

Debt charges650€1.3m€0.3m▼

Profit (loss) for the period before taxes9903-€2.5m-€2.2m▲

Profit (loss) for the period9904-€1.2m-€2.2m▼

Profit (loss) for the period to be appropriated9905-€1.2m-€2.2m▼

Line	2011	2012	2013	2014	2015	Change
Turnover70	€1.7m	€3.9m	€4.4m	€7.6m	€14.0m	▲ 83.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.08m	€0.1m	€0.08m	€0.2m	€0.6m	▲ 229%
Gross operating margin9900	€1.3m	-	-	-	-	-
Operating profit (loss)9901	-€0.2m	€0.3m	€0.1m	-€2.0m	-€1.9m	▲ 2.8%
Recurring financial income75	€0.07m	€0.1m	€0.3m	€1.2m	€0.1m	▼ 90.9%
Recurring financial charges65	€0.02m	€1.4m	€0.6m	€1.7m	€0.4m	▼ 75.5%
Debt charges650	-	€1.2m	€0.5m	€1.3m	€0.3m	▼ 76.4%
Profit (loss) for the period before taxes9903	-€0.1m	-€0.9m	-€0.2m	-€2.5m	-€2.2m	▲ 9.9%
Profit (loss) for the period9904	-€0.002m	-€0.9m	-€0.06m	-€1.2m	-€2.2m	▼ 93.0%
Profit (loss) for the period to be appropriated9905	-	-	-€0.06m	-€1.2m	-€2.2m	▼ 93.0%

Line	2011	2012	2013	2014	2015	Change
Assets
Total assets20/58	€14.4m	€22.5m	€21.3m	€14.5m	€18.8m	▲ 29.6%
Formation expenses20	€0.05m	€0.04m	€0.03m	€0.8m	€0.6m	▼ 21.3%
Fixed assets21/28	€12.2m	€14.5m	€18.0m	€10.4m	€8.6m	▼ 17.6%
Intangible fixed assets21	€0.01m	€0.02m	€1.6m	€5.5m	€3.4m	▼ 38.0%
Tangible fixed assets22/27	€12.1m	€14.5m	€16.4m	€4.2m	€4.6m	▲ 9.9%
Financial fixed assets28	€0.002m	€0.002m	€0.002m	€0.003m	€0.003m	=
Current assets29/58	€2.2m	€8.0m	€3.3m	€4.1m	€10.2m	▲ 150%
Amounts receivable within one year40/41	€0.9m	€1.3m	€1.5m	€2.9m	€9.0m	▲ 207%
Current investments50/53	-	-	-	€1.0m	€0.006m	▼ 99.4%
Cash at bank and in hand54/58	€0.04m	€5.3m	€0.3m	€0.2m	€1.3m	▲ 548%
Equity and liabilities
Total equity and liabilities10/49	€14.4m	€22.5m	€21.3m	€14.5m	€18.8m	▲ 29.6%
Equity10/15	€0.2m	€0.2m	€0.2m	-€1.0m	-€3.8m	▼ 286%
Profit (loss) carried forward14	-€0.3m	-€0.3m	-€0.4m	-€1.5m	-€4.4m	▼ 184%
Amounts payable17/49	€14.1m	€22.3m	€21.1m	€15.5m	€22.7m	▲ 45.9%
Amounts payable after more than one year17	€4.9m	€10.3m	€13.5m	€7.5m	€8.0m	▲ 6.0%
Amounts payable within one year42/48	€9.1m	€11.9m	€7.6m	€8.0m	€13.9m	▲ 74.9%
Trade debts44	€1.9m	€1.4m	€1.0m	€2.8m	€5.5m	▲ 99.3%

Line	2011	2012	2013	2014	2015	Change
Profit (loss) for the period9904	-€0.002m	-€0.9m	-€0.06m	-€1.2m	-€2.2m	▼ 93.0%
+ Depreciation and write-downs630	€0.08m	€0.1m	€0.08m	€0.2m	€0.6m	▲ 229%
Operating cash flow (approximation)	€0.08m	-€0.8m	€0.02m	-€1.0m	-€1.6m	▼ 67.2%
Investment in fixed assets (approximation)	-	-€2.4m	-€3.6m	€7.4m	€1.2m	▼ 83.4%
Change in cash	-	€5.3m	-€5.0m	-€0.06m	€1.1m	-

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

Download as CSV

Filings with the National Bank (9)

Financial year	Type	Filed	Reference
31-12-2015	abbreviated format	08-11-2016	2016-67700065
31-12-2014	abbreviated format	31-07-2015	2015-39900281
31-12-2013	abbreviated format	10-02-2015	2015-04100494
31-12-2012	abbreviated format	24-12-2013	2013-70000421
31-12-2011	abbreviated format	02-08-2012	2012-38100324
31-12-2010	abbreviated format	29-11-2011	2011-62600372
31-12-2009	abbreviated format	24-10-2011	2011-58500281
31-12-2008	abbreviated format	03-09-2009	2009-75100206
31-12-2007	abbreviated format	12-09-2008	2008-73100317

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