PITECO
InactiveFinancials · financial year 2017, micro format
Annual accounts 2017 filed on 29-06-2018 PDF all 4 filings
Equity
€50,823▼ 40.2%
2016 · €84,920
Total assets
€54,519▼ 58.4%
2016 · €131,129
Net result
-€14,097
2016 · €25,737
Working capital
€50,309▼ 31.8%
2016 · €73,789
Trend over the years
2014 to 2017, 4 financial years
The operating result for 2017 is a loss of €10,036, after a profit of €42,121 in 2016. It is the lowest result since 2014.
Operating result-€10,036
2017
Net result-€14,097
2017
Total assets€54,519
2017
Equity€50,823
2017
Debt€3,696
2017
Working capital€50,309
2017
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2014201520162017
Operating result€71,929-€54,110▼ 24.8%€42,121▼ 22.2%-€10,036
Net result€44,145-€30,320▼ 31.3%€25,737▼ 15.1%-€14,097
Equity€56,545-€78,477▲ 38.8%€84,920▲ 8.2%€50,823▼ 40.2%
Total assets€88,467-€113,718▲ 28.5%€131,129▲ 15.3%€54,519▼ 58.4%
Debt€31,922-€35,241▲ 10.4%€46,209▲ 31.1%€3,696▼ 92.0%
Working capital€38,990-€64,974▲ 66.6%€73,789▲ 13.6%€50,309▼ 31.8%
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €54,519
Fixed assets
€514 ▼ 95.9%
Current assets
€54,005 ▼ 54.5%
Equity and liabilities €54,519
Equity
€50,823 ▼ 40.2%
Debt
€3,696 ▼ 92.0%
Debt's share of the balance-sheet total falls from 35.2% to 6.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€9,659▼
2016 · €48,051
Cash flow
-€13,720▼
2016 · €31,667
Current ratio
14.61▲
2016 · 2.65
ROE
-27.7%▼
2016 · 30.3%
ROA
-25.9%▼
2016 · 19.6%
Debt ≤ 1 year
€3,696▼
2016 · €44,790
Income taxes
€3,591▼
2016 · €14,747
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,870 | €4,681 | €5,930 | €377 | ▼ 93.6% |
| Gross operating margin9900 | €75,110 | €59,783 | €49,529 | -€9,126 | - |
| Operating profit (loss)9901 | €71,929 | €54,110 | €42,121 | -€10,036 | - |
| Recurring financial income75 | €52 | €33 | €19 | €99 | ▲ 422% |
| Recurring financial charges65 | €731 | €2,137 | €1,656 | €569 | ▼ 65.6% |
| Profit (loss) for the period before taxes9903 | €71,251 | €52,007 | €40,484 | -€10,506 | - |
| Income taxes67/77 | €27,106 | €21,686 | €14,747 | €3,591 | ▼ 75.7% |
| Profit (loss) for the period9904 | €44,145 | €30,320 | €25,737 | -€14,097 | - |
| Profit (loss) for the period to be appropriated9905 | €44,145 | €30,320 | €25,737 | -€14,097 | - |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €88,467 | €113,718 | €131,129 | €54,519 | ▼ 58.4% |
| Fixed assets21/28 | €17,555 | €14,526 | €12,550 | €514 | ▼ 95.9% |
| Tangible fixed assets22/27 | €16,955 | €13,926 | €11,950 | €314 | ▼ 97.4% |
| Financial fixed assets28 | €600 | €600 | €600 | €200 | ▼ 66.7% |
| Current assets29/58 | €70,912 | €99,192 | €118,579 | €54,005 | ▼ 54.5% |
| Amounts receivable within one year40/41 | €20,160 | €25,388 | €59,482 | €22,873 | ▼ 61.5% |
| Cash at bank and in hand54/58 | €47,869 | €69,931 | €54,926 | €31,131 | ▼ 43.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €88,467 | €113,718 | €131,129 | €54,519 | ▼ 58.4% |
| Equity10/15 | €56,545 | €78,477 | €84,920 | €50,823 | ▼ 40.2% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €44,145 | €59,877 | €66,320 | €46,320 | ▼ 30.2% |
| Profit (loss) carried forward14 | - | - | - | -€14,097 | - |
| Amounts payable17/49 | €31,922 | €35,241 | €46,209 | €3,696 | ▼ 92.0% |
| Amounts payable within one year42/48 | €31,922 | €34,218 | €44,790 | €3,696 | ▼ 91.7% |
| Trade debts44 | €735 | €11,190 | €3,164 | €691 | ▼ 78.2% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,145 | €30,320 | €25,737 | -€14,097 | - |
| + Depreciation and write-downs630 | €2,870 | €4,681 | €5,930 | €377 | ▼ 93.6% |
| Operating cash flow (approximation) | €47,015 | €35,001 | €31,667 | -€13,720 | - |
| Investment in fixed assets (approximation) | - | -€1,652 | -€3,953 | €11,658 | - |
| Change in cash | - | €22,062 | -€15,005 | -€23,795 | ▼ 58.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.