PDC DEVELOPMENT
Annual accounts 2016
abbreviated format, filed on 24-05-2017, 24 days lateTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €18,000. Estimated: probably between €7,400 and €44,000.
Balance sheet
balance sheet total €1.0m on 30-09-2016Change in equityin euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2016 | 2015 | 2014 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
Total assets20/58 |
1.0m | 1.3m | 1.3m | |
Fixed assets21/28 |
776,224 | 1.3m | 1.3m | |
Tangible fixed assets22/27 |
776,224 | 1.3m | 1.3m | |
Land and buildings22 |
776,224 | 1.3m | 1.3m | |
Current assets29/58 |
250,670 | 367 | 78 | |
Amounts receivable within one year40/41 |
250,301 | 367 | 1 | |
Other amounts receivable41 |
250,301 | 367 | 1 | |
Cash at bank and in hand54/58 |
369 | - | 77 | |
| Balance sheet: equity and liabilities | ||||
Total equity and liabilities10/49 |
1.0m | 1.3m | 1.3m | |
Equity10/15 |
411,484 | 241,273 | -146,133 | |
Contributions10/11 |
412,577 | 412,577 | 14,000 | |
Issued capital100 |
412,577 | 412,577 | 70,000 | |
Uncalled capital101 |
- | - | 56,000 | |
Profit (loss) carried forward14 |
-1,093 | -171,304 | -160,133 | |
Amounts payable17/49 |
615,411 | 1.0m | 1.4m | |
Amounts payable within one year42/48 |
615,411 | 1.0m | 1.4m | |
Financial debts43 |
600,000 | 1.0m | 1.0m | |
Credit institutions430/8 |
600,000 | 1.0m | 1.0m | |
Trade debts44 |
310 | 1,699 | 93 | |
Suppliers440/4 |
310 | 1,699 | 93 | |
Taxes, remuneration and social security45 |
1,882 | - | - | |
Taxes450/3 |
1,882 | - | - | |
Other amounts payable47/48 |
13,218 | 4,620 | 396,118 | |
| Income statement | ||||
Non-recurring operating income76A |
178,204 | - | - | |
Gross operating margin9900 |
2,619 | 10,007 | 4,386 | |
Goods, raw materials, services and sundry goods60/61 |
- | 7,607 | 3,594 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | - | 132,398 | |
Other operating charges640/8 |
1,108 | 449 | 8,102 | |
Operating profit (loss)9901 |
1,511 | 9,558 | -136,114 | |
Financial income75/76B |
178,204 | - | 4 | |
Recurring financial income75 |
- | - | 4 | |
Non-recurring financial income76B |
178,204 | - | - | |
Financial charges65/66B |
9,504 | 20,729 | 24,023 | |
Recurring financial charges65 |
9,504 | 20,729 | 24,023 | |
Profit (loss) for the period before taxes9903 |
170,211 | -11,171 | -160,133 | |
Profit (loss) for the period9904 |
170,211 | -11,171 | -160,133 | |
Profit (loss) for the period to be appropriated9905 |
170,211 | -11,171 | -160,133 | |
| Appropriation of the result | ||||
Profit (loss) to be appropriated9906 |
-1,093 | -171,304 | -160,133 | |
| Document | ||||
Source: Annual accounts 2016 (PDF), filed on 24-05-2017.
Filings
each dot is a set of accounts, on the day it reached the National Bank2016 annual accounts filed 24 days after the deadline. Filed on 24 May 2017, deadline 30 April 2017 (7 months after the close on 30 September 2016, Companies Code art. 3:10). Source: NBB, 2017-13700034.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2016 | 2015 | 2014 |
|---|---|---|---|---|
| EBITDA | - | - | -3,716 | |
| Cash flow | - | - | -27,735 | |
| Investment in fixed assets | - | - | 1.4m | |
| Working capital | -364,741 | -1.0m | -1.4m | |
| Solvency | 40.1% | 19.3% | -11.7% | |
| Current ratio | 0.41 | 0.00 | 0.00 | |
| Debt to equity | 1.50 | 4.18 | - | |
| ROE | 41.4% | -4.6% | - | |
| ROA | 16.6% | -0.9% | -12.8% | |
| Supplier credit | - | 82 days | 9 days |
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 PDC DEVELOPMENT
The operating result for 2016 is 84% lower than in 2015.
Debt's share of the balance-sheet total falls from 80.7% to 59.9%. Equity is higher and debt is lower.