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PALUC

Absorbed by LEVECO KBO/BCE: BE 0455.098.264
PALUC
Financial year 2015
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Annual accounts 2015

abbreviated format, filed on 29-06-2016, 32 days before the deadline
Gross margin
€478,659
▼ 25.3%
Operating result
€201,596
▼ 31.3%
Profit
€3.1m
▲ 152%
Working capital
€2.2m
▼ 7.5%
Solvency
83.8%
▼ 8.4 percentage points
Current ratio
1.63
▼ 1.02

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.1m. Estimated: probably between €680,000 and €1.9m.

Balance sheet

balance sheet total €20.9m on 31-12-2015
What the company ownsHow it is paid for

Change in equityin €m

Change in cashin euro

Staff

Staff cost per FTE€55,193

Staff costs divided by the average number of full-time equivalents.

Joined and left

Training hours in 2015: 4.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 20.9m18.1m16.7m15.1m13.7m9.6m6.8m6.8m5.4m1.7m
Fixed assets21/28 15.4m14.4m11.9m10.0m8.3m9.1m4.8m4.5m5.1m1.4m
Tangible fixed assets22/27 --------73777
Furniture and vehicles24 --------73777
Financial fixed assets28 15.4m14.4m11.9m10.0m8.3m9.1m4.8m4.5m5.1m1.4m
Current assets29/58 5.6m3.7m4.9m5.2m5.3m529,7562.0m2.3m344,101240,585
Amounts receivable within one year40/41 5.1m3.3m4.7m5.1m2.3m514,2151.9m2.3m165,757200,822
Trade receivables40 12,68420,11268,592179,946217,514202,50126,702120,80678,54592,423
Other amounts receivable41 5.1m3.3m4.6m4.9m2.1m311,7141.9m2.2m87,212108,399
Current investments50/53 ----2.9m-----
Cash at bank and in hand54/58 403,277361,517160,04913,192135,71211,854158,98723,684174,65736,076
Deferred charges and accrued income490/1 24,38326,60051,51332,2294,8563,6873,6873,6873,6873,687
Balance sheet: equity and liabilities
Total equity and liabilities10/49 20.9m18.1m16.7m15.1m13.7m9.6m6.8m6.8m5.4m1.7m
Equity10/15 17.5m16.7m14.3m12.9m10.5m9.1m6.6m3.9m3.8m75,881
Contributions10/11 565,592565,592565,592565,592565,592565,592565,59265,00062,25162,251
Issued capital100 565,592565,592565,592565,592565,592565,592565,59265,00062,25162,251
Revaluation surpluses12 10.5m9.5m7.0m5.8m4.2m3.0m627,827326,5033.6m-
Reserves13 6.5m6.6m6.7m6.5m5.7m56,55956,5596,5006,2256,225
Non-distributable reserves130/1 ----2.9m-----
Legal reserve130 56,55956,55956,55956,55956,55956,55956,5596,5006,2256,225
Own shares acquired1312 ----2.9m-----
Distributable reserves133 6.4m6.6m6.7m6.4m2.7m-----
Profit (loss) carried forward14 -----5.4m5.3m3.5m75,9977,405
Amounts payable17/49 3.4m1.4m2.5m2.2m3.2m553,766206,9962.9m1.6m1.6m
Amounts payable after more than one year17 --------1.4m1.4m
Financial debts170/4 --------1.4m1.4m
Amounts payable within one year42/48 3.4m1.4m2.4m2.2m3.2m553,766206,9962.8m205,657157,624
Trade debts44 6,5167,30910,5064,8817,4532,4715,9235,6592,1172,926
Suppliers440/4 6,5167,30910,5064,8817,4532,4715,9235,6592,1172,926
Taxes, remuneration and social security45 94,83247,49180,729215,894181,036151,29581,073108,08572,91057,305
Taxes450/3 61,01714,86434,928143,715122,98396,16142,07667,05635,49615,417
Remuneration and social security454/9 33,81532,62745,80172,17958,05355,13538,99641,02937,41341,888
Other amounts payable47/48 3.3m1.4m2.4m2.0m3.0m400,000120,0002.7m130,63197,393
Accrued charges and deferred income492/3 -6,84410,2815,80631--51,18829,81943,631
Income statement
Non-recurring operating income76A --16,202279,865153,900--4,000--
Gross operating margin9900 478,659640,815628,918982,241775,003615,427599,170531,035438,200369,369
Remuneration, social security and pensions62 275,965346,243327,606515,726404,129325,583325,738303,083258,645245,040
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 -------73704818
Other operating charges640/8 1,0971,2641,4241,4732,2761,0791,1991,0731,4181,394
Operating profit (loss)9901 201,596293,308299,887465,042368,599288,765272,234226,806177,432122,117
Financial income75/76B 3.1m1.1m2.1m2.0m2.0m300,1661.9m3.4m78,672120
Recurring financial income75 3.1m1.1m2.1m2.0m2.0m300,1661.9m3.4m78,672120
Financial charges65/66B 1206,98319,51022,85413213017062,83345,30345,322
Recurring financial charges65 1206,98319,51022,85413213017062,83345,30345,322
Profit (loss) for the period before taxes9903 3.3m1.4m2.4m2.7m2.6m588,8012.1m3.6m210,80076,915
Income taxes67/77 146,056145,603164,896296,998166,152107,957127,540119,25162,20827,606
Profit (loss) for the period9904 3.1m1.2m2.2m2.4m2.4m480,8442.0m3.4m148,59249,309
Profit (loss) for the period to be appropriated9905 3.1m1.2m2.2m2.4m2.4m480,8442.0m3.4m148,59249,309
Appropriation of the result
Profit (loss) to be appropriated9906 3.1m1.2m2.2m2.4m7.8m5.8m5.5m3.5m155,99787,405
Transfer from equity791/2 168,740105,638--------
Transfer to equity691/2 --221,404815,4365.6m-50,0593,024--
Addition to contributions691 -------2,749--
To the legal reserve6920 ------50,059275--
To other reserves6921 --221,404815,4365.6m-----
Profit to be distributed694/7 3.3m1.4m2.0m1.6m2.2m400,000120,000-80,00080,000
Return on contributions (dividend)694 3.3m1.4m2.0m1.6m2.2m400,000120,000-80,00080,000
Social balance sheet
Average staff (FTE)9087 55.85.287.2665.855
Hours worked1013 9,12210,5439,49313,97512,76810,84510,73810,5548,8688,974
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2015 (PDF), filed on 29-06-2016.

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Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2015 abbreviated format 29-06-2016 2016-23900269 PDF
31-12-2014 abbreviated format 18-06-2015 2015-19400484 PDF
31-12-2013 abbreviated format 26-06-2014 2014-21800595 PDF
31-12-2012 abbreviated format 26-06-2013 2013-22300540 PDF
31-12-2011 abbreviated format 22-06-2012 2012-20100096 PDF
31-12-2010 abbreviated format 20-06-2011 2011-18200002 PDF
31-12-2009 abbreviated format 23-06-2010 2010-22700059 PDF
31-12-2008 abbreviated format 17-07-2009 2009-43800194 PDF
31-12-2007 abbreviated format 24-06-2008 2008-27900042 PDF
31-12-2006 abbreviated format 10-07-2007 2007-38400005 PDF
31-12-2005 abbreviated format 29-06-2006 2006-36400878 PDF
31-12-2004 abbreviated format 05-07-2005 2005-42402437 PDF
31-12-2003 abbreviated format 29-06-2004 2004-35104893 PDF
31-12-2002 abbreviated format 24-06-2003 2003-29601828 PDF
31-12-2001 abbreviated format 04-07-2002 2002-33802783 PDF
30-09-2000 abbreviated format 13-02-2001 2001-04201797 PDF
30-09-1999 abbreviated format 18-02-2000 2000-04201433 PDF
30-09-1998 abbreviated format 19-05-1999 1999-11002895 PDF
30-09-1997 abbreviated format 19-03-1998 1998-04801692 PDF
30-09-1996 abbreviated format 03-03-1997 1997-02805302 PDF
30-09-1995 abbreviated format 07-03-1996 1996-03502582 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2015201420132012201120102009200820072006
EBITDA -------226,879178,136122,935
Cash flow -------3.4m149,29650,127
Investment in fixed assets (approximation) --740,386--1.9m-2.7m3.6m-
Change in cash 41,760201,468146,858-122,520123,858-147,133135,303-150,974138,581-
Working capital 2.2m2.3m2.4m2.9m2.1m-24,0091.8m-483,655138,44482,961
Solvency 83.8%92.2%85.4%85.3%76.7%94.2%97.0%57.8%69.9%4.6%
Current ratio 1.632.662.002.331.670.969.900.831.671.53
Debt to equity 0.190.080.170.170.300.060.030.730.4320.97
ROE 17.8%7.5%15.5%18.7%23.0%5.3%30.2%88.0%3.9%65.0%
ROA 15.0%6.9%13.3%16.0%17.6%5.0%29.3%50.8%2.8%3.0%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on PALUC

The operating result for 2015 is 31% lower than in 2014 and the lowest since 2007. It is the third fall in a row.

Debt's share of the balance-sheet total rises from 7.8% to 16.2%. Equity and debt are higher.

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