POTATO MASTERS

Bankruptcy

Public limited companyfounded 1997Vaart Rechteroever 49, 9800 Deinze, BelgiumKBO/BCE: BE 0460.732.875

The KBO register records for POTATO MASTERS the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2013 annual accounts show equity of €3.23M and a net result of €-5.95M.

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Signals

Two signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2013, full schema

Turnover

€19.81M▲ 26.3%

2012 · €15.68M

2009: €22.27M 2010: €18.98M 2011: €19.72M 2012: €15.68M

2009 → 2013

EBIT margin

-28.0%▼ 3.6pp

2012 · -24.4%

2009: -0.5% 2010: -8.0% 2011: -4.0% 2012: -24.4%

2009 → 2013

Net result

€-5.95M▼ 208%

2012 · €-1.94M

2009: €-502k 2010: €-24k 2011: €137k 2012: €-1.94M

2009 → 2013

Working capital

€-4.45M

2012 · €246k

2009: €4.04M 2010: €3.73M 2011: €2.75M 2012: €246k

2009 → 2013

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20092010201120122013Trend

Turnover€22.27M-€18.98M▼ 14.8%€19.72M▲ 3.9%€15.68M▼ 20.5%€19.81M▲ 26.3%

Equity€10.85M-€10.82M▼ 0.4%€7.25M▼ 32.9%€9.19M▲ 26.7%€3.23M▼ 64.8%

Operating result€-121k-€-1.51M▼ 1,155%€-783k▲ 48.2%€-3.83M▼ 389%€-5.55M▼ 45.1%

Net result€-502k-€-24k▲ 95.2%€137k€-1.94M€-5.95M▼ 208%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5.55M in 2013 against €3.83M in 2012; the loss grows and 2013 has the lowest result in the available series.

Balance-sheet composition

2013 in colour, 2012 as the grey bar beneath

Assets €15.27M

65.1%

34.9%

Fixed assets €9.95M▼ 9.4%

Current assets €5.33M▼ 27.1%

Equity and liabilities €15.27M

21.2%

78.8%

Equity €3.23M▼ 64.8%

Debt €12.04M▲ 32.4%

The debt ratio rises from 49.7% to 78.8%. Equity is lower and debt is higher.

Key figures and ratios

2013 value · change against 2012

EBITDA

€-4.41M▼

2012 · €-2.69M

Cash flow

€-4.80M▼

2012 · €-798k

Solvency

21.2%▼

2012 · 50.3%

Current ratio

0.54▼

2012 · 1.03

Quick ratio

0.31▼

2012 · 0.74

Debt / equity

0.21▲

2012 · 0.12

ROE

-184.1%▼

2012 · -21.1%

ROA

-39.0%▼

2012 · -10.6%

Interest coverage

-11.44▼

2012 · -11.35

Debt

€12.04M▲

2012 · €9.09M

Debt ≤ 1 year

€9.78M▲

2012 · €7.06M

Debt > 1 year

€676k▼

2012 · €1.09M

Income taxes

€307▲

2012 · €244

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2013 against 2012

Balance sheet Code20122013

Assets

Total assets20/58€18.28M€15.27M▼

Fixed assets21/28€10.97M€9.95M▼

Intangible fixed assets21€40k€30k▼

Tangible fixed assets22/27€6.46M€5.45M▼

Financial fixed assets28€4.47M€4.47M=

Current assets29/58€7.31M€5.33M▼

Stocks and contracts in progress3€2.08M€2.25M▲

Amounts receivable within one year40/41€3.81M€2.81M▼

Cash at bank and in hand54/58€1.21M€77k▼

Equity and liabilities

Total equity and liabilities10/49€18.28M€15.27M▼

Equity10/15€9.19M€3.23M▼

Contributions10/11€6.37M€6.37M=

Reserves13€250k€250k=

Profit (loss) carried forward14€2.57M€-3.39M▼

Amounts payable17/49€9.09M€12.04M▲

Amounts payable after more than one year17€1.09M€676k▼

Amounts payable within one year42/48€7.06M€9.78M▲

Trade debts44€4.67M€7.26M▲

Income statement Code20122013

Turnover70€15.68M€19.81M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.14M€1.15M▲

Operating profit (loss)9901€-3.83M€-5.55M▼

Recurring financial income75€238k€10k▼

Recurring financial charges65€246k€410k▲

Debt charges650€237k€385k▲

Profit (loss) for the period before taxes9903€-1.94M€-5.95M▼

Income taxes67/77€244€307▲

Profit (loss) for the period9904€-1.94M€-5.95M▼

Profit (loss) for the period to be appropriated9905€-1.94M€-5.95M▼

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2014

20-12

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 142 days late

2013

31-12

Financial Weakest financial yearnet €-5.95M

Net result drops to €-5.95M, the lowest in the series.

11-07

NBB filing Annual accounts filed

fiscal year 2012 · full schema

2012

05-07

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

31-12

Financial Back to profitnet €137k

Net result €137k after 2 loss-making years.

28-06

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

06-07

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2009

30-06

NBB filing Annual accounts filed

fiscal year 2008 · full schema

2008

02-07

NBB filing Annual accounts filed

fiscal year 2007 · full schema

2007

18-06

NBB filing Annual accounts filed

fiscal year 2006 · full schema

2006

05-07

NBB filing Annual accounts filed

fiscal year 2005 · full schema

2005

13-07

NBB filing Annual accounts filed

fiscal year 2004 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Deinze · 1 establishment unit since 1997

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vaart Rechteroever 499800 Deinze

Ground area

1.8 ha

Building footprint

1.2 ha

Volume, LiDAR

105,010 m³