PHILING
InactiveFinancials · financial year 2015, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€357,566
2014 · €44,409
Working capital
€938,528▲ 64.2%
2014 · €571,439
Trend over the years
2011 to 2015, 5 financial years 2011 to 2015, 5 financial years
The operating result stays negative: a loss of €8,054 in 2015 against €66,782 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.
Operating result-€0.008m
2015
Net result-€0.4m
2015
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.6m
2015
Equity€1.1m
2015
Debt€0.5m
2015
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.9m
2015
Average staff in full-time equivalents (FTE).
Staff (FTE)0.5
2014
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Operating result-€0.1m--€0.09m▲ 12.1%-€0.07m▲ 20.2%-€0.07m▲ 5.5%-€0.008m▲ 87.9%
Net result€0.4m-€0.3m▼ 29.0%€10.8m▲ 36×€0.04m▼ 99.6%-€0.4m
Equity€8.6m-€8.9m▲ 3.5%€1.4m▼ 84.0%€1.5m▲ 3.1%€1.1m▼ 24.4%
Total assets€12.7m-€12.5m▼ 1.1%€20.5m▲ 63.6%€4.2m▼ 79.8%€1.6m▼ 60.3%
Debt€4.1m-€3.7m▼ 10.8%€19.1m▲ 423%€2.7m▼ 85.9%€0.5m▼ 80.0%
Working capital€0.3m-€0.2m▼ 35.3%-€16.7m€0.6m€0.9m▲ 64.2%
Staff (FTE)0.50.5=0.5=
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €1.6m
Fixed assets
€170,554 ▼ 80.9%
Current assets
€1.5m ▼ 54.7%
Equity and liabilities €1.6m
Equity
€1.1m ▼ 24.4%
Debt
€538,422 ▼ 80.0%
Debt's share of the balance-sheet total falls from 64.7% to 32.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,852▲
2014 · -€36,539
Cash flow
-€356,364▼
2014 · €74,652
Current ratio
2.74▲
2014 · 1.21
Quick ratio
2.58▲
2014 · 1.19
ROE
-32.2%▼
2014 · 3.0%
ROA
-21.7%▼
2014 · 1.1%
Debt ≤ 1 year
€538,422▼
2014 · €2.7m
Income taxes
€1,589▲
2014 · -€169,572
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.04m | €0.03m | €0.001m | ▼ 96.0% |
| Gross operating margin9900 | -€0.06m | -€0.03m | -€0.009m | -€0.02m | -€0.004m | ▲ 73.1% |
| Operating profit (loss)9901 | -€0.1m | -€0.09m | -€0.07m | -€0.07m | -€0.008m | ▲ 87.9% |
| Recurring financial income75 | €0.6m | €0.6m | €0.7m | €0.001m | €0.002m | ▲ 18.1% |
| Recurring financial charges65 | €0.04m | €0.06m | €0.02m | €236 | €0.001m | ▲ 255% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.3m | €10.9m | -€0.1m | -€0.4m | ▼ 184% |
| Income taxes67/77 | - | -€0.003m | €0.2m | -€0.2m | €0.002m | - |
| Profit (loss) for the period9904 | €0.4m | €0.3m | €10.8m | €0.04m | -€0.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.3m | €10.8m | €0.04m | -€0.4m | - |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.7m | €12.5m | €20.5m | €4.2m | €1.6m | ▼ 60.3% |
| Fixed assets21/28 | €10.7m | €10.8m | €18.1m | €0.9m | €0.2m | ▼ 80.9% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €0.9m | €0.9m | €0.2m | ▼ 81.6% |
| Financial fixed assets28 | €9.8m | €9.9m | €17.2m | €0.008m | €0.007m | ▼ 7.3% |
| Current assets29/58 | €2.0m | €1.7m | €2.4m | €3.3m | €1.5m | ▼ 54.7% |
| Stocks and contracts in progress3 | €0.06m | €0.05m | €0.07m | €0.05m | €0.09m | ▲ 62.9% |
| Amounts receivable within one year40/41 | €0.8m | €0.3m | €1.8m | €0.6m | €0.6m | ▲ 3.6% |
| Current investments50/53 | €0.4m | €1.0m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.7m | €0.3m | €0.6m | €2.6m | €0.8m | ▼ 71.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.7m | €12.5m | €20.5m | €4.2m | €1.6m | ▼ 60.3% |
| Equity10/15 | €8.6m | €8.9m | €1.4m | €1.5m | €1.1m | ▼ 24.4% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €8.4m | €8.7m | €1.3m | €1.3m | €1.0m | ▼ 27.1% |
| Amounts payable17/49 | €4.1m | €3.7m | €19.1m | €2.7m | €0.5m | ▼ 80.0% |
| Amounts payable after more than one year17 | €2.4m | €2.1m | - | - | - | - |
| Amounts payable within one year42/48 | €1.7m | €1.5m | €19.1m | €2.7m | €0.5m | ▼ 80.0% |
| Trade debts44 | €0.005m | €0.01m | €0.04m | €97 | €0.01m | ▲ 134× |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.3m | €10.8m | €0.04m | -€0.4m | - |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.04m | €0.03m | €0.001m | ▼ 96.0% |
| Operating cash flow (approximation) | €0.5m | €0.3m | €10.8m | €0.07m | -€0.4m | - |
| Investment in fixed assets (approximation) | - | -€0.2m | -€7.3m | €17.2m | €0.7m | ▼ 95.8% |
| Change in cash | - | -€0.4m | €0.2m | €2.0m | -€1.8m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2015 | full format | 12-01-2016 | 2016-01300186 |
| 30-06-2014 | full format | 25-02-2015 | 2015-04900572 |
| 30-06-2013 | full format | 17-02-2014 | 2014-04100570 |
| 30-06-2012 | full format | 13-02-2013 | 2013-03700556 |
| 30-06-2011 | full format | 14-02-2012 | 2012-03300594 |
| 30-06-2010 | full format | 14-02-2011 | 2011-03200282 |
| 30-06-2009 | full format | 29-01-2010 | 2010-03400186 |
| 30-06-2008 | full format | 23-01-2009 | 2009-02000136 |
| 30-06-2007 | full format | 10-01-2008 | 2008-01000256 |
| 30-06-2006 | full format | 11-01-2007 | 2007-01103908 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.