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PF

Inactive KBO/BCE: BE 0442.960.396 subsidiary of GROUP BOSTOEN NV
PF
Financial year 2015
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Annual accounts 2015

full format, filed on 07-07-2016, 24 days before the deadline
Turnover
€52,276
▲ 11×
Operating result
€9,867
▲ €30,366
EBITDA
€40,024
▲ 314%
Cash flow
€25,891
▲ €77,188
Solvency
-724.2%
▼ 233.9 percentage points
Current ratio
0.01
▼ 0.04

Money flows

of every €100 of turnover, €8.16 was lost in 2015

Balance sheet

balance sheet total €172,056 on 31-12-2015
What the company ownsHow it is paid for

Change in equityin €m

Change in cash

Staff

Men and women

Not in that year's accounts.

Staff cost per FTE

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

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 172,056253,275560,1731.1m2.0m1.9m1.6m975,350932,059984,571
Fixed assets21/28 154,244184,401214,559444,1121.1m1.2m1.1m500,579541,707548,752
Tangible fixed assets22/27 154,244184,401214,559444,1121.1m1.2m1.1m500,579541,707548,752
Land and buildings22 -184,401214,559244,716776,729808,743840,756372,770395,476425,628
Plant, machinery and equipment23 ---142,127143,720162,52376,41869,86952,36842,907
Furniture and vehicles24 ---57,269102,976119,090138,01045,35278,75862,594
Other tangible fixed assets26 154,244---60,34369,45110,07012,58715,10517,622
Current assets29/58 17,81268,873345,615704,722926,990758,581519,112474,771390,353435,819
Stocks and contracts in progress3 ---261,106340,748398,025249,677246,827220,966189,772
Stocks30/36 ---261,106340,748398,025249,677246,827220,966189,772
Raw materials and consumables30/31 ---86,354194,722150,45295,152---
Work in progress32 ---82,74526,39129,05934,621---
Finished goods33 ---92,007119,635218,514119,904---
Amounts receivable within one year40/41 17,34468,420343,032438,658575,617356,983143,191138,21152,842176,494
Trade receivables40 16,90561,861203,184310,286544,736308,481106,02682,90048,180165,583
Other amounts receivable41 4396,559139,848128,37230,88148,50237,16555,3104,66210,911
Cash at bank and in hand54/58 -1111113,9101,655118,29584,993112,86865,234
Deferred charges and accrued income490/1 4684432,5714,9486,7161,9187,9504,7413,6774,320
Balance sheet: equity and liabilities
Total equity and liabilities10/49 172,056253,275560,1731.1m2.0m1.9m1.6m975,350932,059984,571
Equity10/15 -1.2m-1.2m-1.2m-530,696164,082363,337408,228319,127246,686199,322
Contributions10/11 26,00026,00026,00026,00026,00026,00026,00026,00026,00026,000
Issued capital100 26,00026,00026,00026,00026,00026,00026,00026,00026,00026,000
Contributions outside capital11 625626626626626626626626626626
Share premium1100/10 625626626626626626626626626626
Reserves13 317,600317,600317,600317,600317,600317,600317,600217,600217,600172,600
Legal reserve130 2,6002,6002,6002,6002,6002,6002,6002,6002,6002,600
Distributable reserves133 315,000315,000315,000315,000315,000315,000315,000215,000215,000170,000
Profit (loss) carried forward14 -1.6m-1.6m-1.5m-874,922-180,14319,11164,00274,9022,46097
Provisions and deferred taxes16 ------46,410---
Provisions for liabilities and charges160/5 ------46,410---
Other liabilities and charges164/5 ------46,410---
Amounts payable17/49 1.4m1.5m1.7m1.7m1.8m1.6m1.1m656,222685,373785,249
Amounts payable after more than one year17 109,739136,284161,241185,270662,135739,319262,133285,615331,237387,246
Financial debts170/4 109,739136,284161,241185,270662,135739,319262,133285,615331,237387,246
Credit institutions173 109,739136,284161,241185,270662,135739,319262,133---
Amounts payable within one year42/48 1.3m1.3m1.6m1.5m1.2m812,415866,736368,392350,226394,153
Current portion of amounts payable after more than one year42 26,35024,95824,02823,13377,18481,44141,80045,62256,00953,711
Financial debts43 ------11,964140,470131,881130,111
Credit institutions430/8 ------11,964140,470131,881130,111
Trade debts44 2,66748,94681,90386,304277,402209,38880,619137,537118,526141,047
Suppliers440/4 2,66748,94681,90386,304277,402209,38880,61967,86946,24056,713
Bills of exchange payable441 -------69,66772,28584,334
Advances received on contracts in progress46 ---11,4949,91228,44319,32822,94816,09121,350
Taxes, remuneration and social security45 ---23,65445,51846,02925,57321,81517,71917,934
Taxes450/3 ---4,6047,00816,55311,19811,2164,5604,896
Remuneration and social security454/9 ---19,05138,51029,47614,37510,59913,15913,038
Other amounts payable47/48 1.3m1.3m1.4m1.3m760,830447,114687,452-10,00030,000
Accrued charges and deferred income492/3 10,01711,2387,85415,34513,6963,3188602,2153,9103,851
Income statement
Operating income70/76A 52,27646,586116,7981.4m2.1m1.9m1.6m---
Turnover70 52,2764,590137,1251.3m2.2m1.6m1.5m---
Change in stocks of work in progress, finished goods and contracts in progress71 ---45,74528,726-101,54793,048-5,326---
Own construction capitalised72 -----144,29734,500---
Non-recurring operating income76A --25,60390,890--4,7302,820-5,000
Gross operating margin9900 -------551,571525,700435,029
Operating charges60/66A 42,40967,086605,6312.0m2.3m1.9m1.4m---
Goods for resale, raw materials and consumables60 5,57118,736205,182863,7191.1m931,952700,137---
Purchases600/8 5,57118,736205,182801,3551.2m987,252708,313---
Change in stocks: decrease (increase)609 ---62,365-44,270-55,301-8,176---
Services and other goods61 4,8625,083134,343428,296455,186354,251207,209---
Remuneration, social security and pensions62 -5,366154,550507,888468,286409,986334,915322,684305,139271,711
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 30,15730,15730,157148,946145,835202,669103,83381,22079,15170,312
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 -3,7781,41875,82629,37412,774-4,5648,4235,076-3,799
Provisions for liabilities and charges: additions (uses and reversals)635/8 ------46,41046,410---
Other operating charges640/8 5,5976,3255,57412,46548,87621,44824,87511,70722,6178,633
Non-recurring operating charges66A -43,500145,361156,754----10,0002,458
Operating profit (loss)9901 9,867-20,499-488,834-616,059-157,200-9,286144,211127,536113,71788,171
Financial income75/76B -1,663312,5161,6231,2883,9123,6883563,958
Recurring financial income75 -1,663312,5161,6231,2883,9123,6883563,958
Income from current assets751 --059509489---
Other financial income752/9 -1,663311,9201,6231,2793,423---
Financial charges65/66B 14,13319,07520,98425,37143,67836,89318,92223,59324,23024,005
Recurring financial charges65 14,13319,07520,98425,37143,67836,89318,92223,59324,23024,005
Debt charges650 13,33216,98918,77324,09442,79432,22717,264---
Other financial charges652/9 8012,0862,2101,2778844,6661,658---
Profit (loss) for the period before taxes9903 -4,266-81,411-629,572-694,778-199,254-44,890133,930110,45179,84370,666
Income taxes67/77 -43--0144,83038,00922,48022,746
Taxes670/3 -43--0144,830---
Profit (loss) for the period9904 -4,266-81,454-629,572-694,778-199,254-44,89189,10172,44257,36447,920
Profit (loss) for the period to be appropriated9905 -4,266-81,454-629,572-694,778-199,254-44,89189,10172,44257,36447,920
Appropriation of the result
Profit (loss) to be appropriated9906 -1.6m-1.6m-1.5m-874,922-180,14319,111164,00274,90257,46048,097
Transfer to equity691/2 ------100,000-45,00038,000
To other reserves6921 ------100,000-45,00038,000
Profit to be distributed694/7 --------10,00010,000
Return on contributions (dividend)694 --------10,00010,000
Social balance sheet
Average staff (FTE)9087 --3.110.310.69.27.898.87.2
Men (FTE)1003 --3.15.3------
Women (FTE)1003 ---5------
Agency workers1501 ----0.70.4----
Hours worked1013 --3,86916,91016,24014,50412,77612,54412,56010,768
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2015 (PDF), filed on 07-07-2016.

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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 full format 07-07-2016 2016-30100215 PDF
31-12-2014 full format 10-07-2015 2015-29500558 PDF
31-12-2013 full format 24-07-2014 2014-34500323 PDF
31-12-2012 full format 19-07-2013 2013-32000403 PDF
31-12-2011 full format 27-09-2012 2012-57700508 PDF
31-12-2010 full format 08-07-2011 2011-26400043 PDF
31-12-2009 full format 10-08-2010 2010-39800333 PDF
31-12-2008 abbreviated format 23-06-2009 2009-26200188 PDF
31-12-2007 abbreviated format 27-05-2008 2008-15700116 PDF
31-12-2006 abbreviated format 04-06-2007 2007-17700092 PDF
31-12-2005 abbreviated format 06-06-2006 2006-19202039 PDF
31-12-2004 abbreviated format 11-05-2005 2005-14504169 PDF
31-12-2003 abbreviated format 07-06-2004 2004-21005271 PDF
31-12-2002 abbreviated format 04-06-2003 2003-19503500 PDF
31-12-2001 abbreviated format 04-06-2002 2002-16801952 PDF
31-12-2000 abbreviated format 07-06-2001 2001-18303485 PDF
31-12-1999 abbreviated format 26-05-2000 2000-15603965 PDF
31-12-1998 abbreviated format 26-05-1999 1999-11702728 PDF
31-12-1997 abbreviated format 29-05-1998 1998-12104940 PDF
31-12-1996 abbreviated format 23-06-1997 1997-19000957 PDF
31-12-1995 abbreviated format 20-06-1996 1996-19203038 PDF
31-12-1994 abbreviated format 16-05-1995 1995-08201875 PDF
31-12-1993 abbreviated format 01-06-1994 1994-11001783 PDF
31-12-1992 abbreviated format 03-06-1993 1993-10001538 PDF
31-12-1991 abbreviated format 11-06-1992 1992-10105030 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2015201420132012201120102009200820072006
EBITDA 40,0249,658-458,676-467,113-11,365193,383248,044208,756192,868158,483
Cash flow 25,891-51,297-599,415-545,832-53,420157,778192,934153,661136,514118,233
Investment in fixed assets (approximation) -00-199,39736,24569,796297,222668,50956,69472,105229,119
Change in cash -00-3,8992,254-116,63933,302-27,87547,634-
Working capital -1.3m-1.3m-1.2m-774,194-243,854-53,834-347,624106,37940,12641,667
EBIT margin 18.9%---46.5%-7.2%-0.6%9.5%---
Solvency -724.2%-490.3%-207.1%-46.2%8.2%18.9%25.8%32.7%26.5%20.2%
Current ratio 0.010.050.220.480.790.930.601.291.111.11
Quick ratio 0.010.050.220.300.500.440.310.620.480.62
Debt to equity ----11.254.282.772.062.783.94
ROE -----121.4%-12.4%21.8%22.7%23.3%24.0%
ROA -2.5%-32.2%-112.4%-60.5%-9.9%-2.3%5.6%7.4%6.2%4.9%
Interest coverage 3.000.57-24.43-19.39-0.276.0014.37---
Customer credit 118 days4919 days541 days85 days91 days70 days25 days---
Supplier credit 93 days750 days88 days24 days64 days59 days32 days---

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Revenue breakdown

as filed

By activity 2012

  • Schrijnwerkerij €1,325,969100.0%

Source: 2012 accounts, page 17, filing 2013-32000403

By geographic market 2012

  • Europa €1,325,969100.0%

Source: 2012 accounts, page 17, filing 2013-32000403

The 2013 accounts state only “Schrijnwerkerij” in the revenue breakdown.

All years (2008 to 2012)

By activity

By activity20082009201020112012
Schrijnwerkerij€1,522,212€1,559,327€1,611,794€2,191,141€1,325,969

By geographic market

By geographic market20082009201020112012
Europa€1,522,212€1,559,327€1,611,794€2,191,141€1,325,969

Insights on PF

The operating result for 2015 is a profit of €9,867, after a loss of €20,499 in 2014. It is the highest result since 2009.

Equity is negative. Debt (€1.4m) exceeds the balance-sheet total (€172,056).

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