PHILIPS INNOVATIVE APPLICATIONS
InactiveInactive; last annual accounts for fiscal year 2015.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 29-07-2016, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2015
2 d early
2014
1 d early
2013
14 d early
2012
16 d early
2011
18 d early
2010
18 d early
2009
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2015, full schema
Turnover
€229.66M▼ 21.1%
2014 · €291.18M
2011: €491.64M
2013: €339.19M
2014: €291.18M
2011 → 2015
EBIT margin
19.8%▲ 0.1pp
2014 · 19.7%
2011: 21.3%
2013: 29.9%
2014: 19.7%
2011 → 2015
Net result
€45.38M
2014 · €-15.17M
2011: €84.15M
2013: €96.73M
2014: €-15.17M
2011 → 2015
Working capital
€213.54M▼ 60.6%
2014 · €542.22M
2011: €286.93M
2013: €483.41M
2014: €542.22M
2011 → 2015
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2011201320142015Trend
Turnover€491.64M-€339.19M▼ 31.0%€291.18M▼ 14.2%€229.66M▼ 21.1%
Equity€363.35M-€471.37M▲ 29.7%€456.20M▼ 3.2%€150.46M▼ 67.0%
Operating result€104.51M-€101.47M▼ 2.9%€57.31M▼ 43.5%€45.51M▼ 20.6%
Net result€84.15M-€96.73M▲ 14.9%€-15.17M€45.38M
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2015 is 21% below 2014 and is the lowest result in the available series.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €281.39M
Fixed assets
€33.20M ▼ 16.9%
Current assets
€248.19M ▼ 57.4%
Equity and liabilities €281.39M
Equity
€150.46M ▼ 67.0%
Provisions
€95.65M ▼ 23.2%
Debt
€35.28M ▼ 16.7%
Debt's share of the balance-sheet total rises from 6.8% to 12.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€67.17M▼
2014 · €83.45M
Cash flow
€67.04M▲
2014 · €10.97M
Current ratio
7.16▼
2014 · 14.22
Quick ratio
6.81▼
2014 · 13.89
ROE
30.2%▲
2014 · -3.3%
ROA
16.1%▲
2014 · -2.4%
Interest coverage
700.43▼
2014 · 1046.82
Debt ≤ 1 year
€34.65M▼
2014 · €41.01M
Income taxes
€1.52M▲
2014 · €-1.78M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2015 against 2014 · 29 lines
Balance sheet
Code20142015
Assets
Total assets20/58€623.16M€281.39M▼
Fixed assets21/28€39.93M€33.20M▼
Intangible fixed assets21€24.10M€20.40M▼
Tangible fixed assets22/27€12.93M€9.90M▼
Financial fixed assets28€2.89M€2.89M=
Current assets29/58€583.23M€248.19M▼
Stocks and contracts in progress3€13.49M€12.30M▼
Amounts receivable within one year40/41€137.44M€235.02M▲
Cash at bank and in hand54/58€432.05M€124k▼
Equity and liabilities
Total equity and liabilities10/49€623.16M€281.39M▼
Equity10/15€456.20M€150.46M▼
Contributions10/11€103.00M€103.00M=
Reserves13€364.91M€45.12M▼
Profit (loss) carried forward14€-14.04M€407▲
Provisions and deferred taxes16€124.62M€95.65M▼
Amounts payable17/49€42.34M€35.28M▼
Amounts payable within one year42/48€41.01M€34.65M▼
Trade debts44€15.45M€11.06M▼
Income statement
Code20142015
Turnover70€291.18M€229.66M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26.14M€21.66M▼
Operating profit (loss)9901€57.31M€45.51M▼
Recurring financial income75€1.59M€1.81M▲
Recurring financial charges65€2.07M€2.44M▲
Debt charges650€80k€96k▲
Profit (loss) for the period before taxes9903€-17.53M€46.74M▲
Income taxes67/77€-1.78M€1.52M▲
Profit (loss) for the period9904€-15.17M€45.38M▲
Profit (loss) for the period to be appropriated9905€-14.04M€45.38M▲
Appropriation of the result
Return on contributions (dividend)694-€351.12M
Timeline · acts, filings and financial milestones
2016
08-08
State Gazette act
General meeting · Merger
Net-asset statement · Accounting effect
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
14-06
State Gazette act
Board meeting · Merger
Capital · Corporate purpose
2015
31-12
Financial
Back to profitnet €45.38M
Net result €45.38M after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Weakest financial yearnet €-15.17M
Net result drops to €-15.17M, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
31-12
Financial
Highest result since 2011net €96.73M ▲14.9%
Net result €96.73M, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 10.43
Current ratio from 4.04 to 10.43; short-term debt falls from €94.37M to €51.25M.
15-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
13-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
13-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
Show earlier events
2010
24-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
02-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
30-07
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
07-08
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 7 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 29 acts read
About the unread acts
We know of 29 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:PHILIPS BELGIUM
Recognitions · licences · registrations
Legal Entity Identifier
549300ZEN5P1WUOYSX95