PPSF
Open bankruptcyFinancials · financial year 2019, micro format
Annual accounts 2019 filed on 02-07-2020 PDF all 16 filings
Turnover
≈ €130,000
Estimated: probably between €74,000 and €170,000
Total assets
€263,176▼ 7.4%
2018 · €284,223
Net result
€4,339
2018 · -€46,166
Working capital
-€28,658▲ 18.5%
2018 · -€35,167
Trend over the years
2018 to 2019, 2 financial years 2018 to 2019, 2 financial years
The operating result for 2019 is a profit of €18,409, after a loss of €32,119 in 2018.
Operating result€18,409
2019
Net result€4,339
2019
Total assets€263,176
2019
Equity-€5,637
2019
Debt€268,812
2019
Working capital-€28,658
2019
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
Line20182019
Operating result-€32,119-€18,409
Net result-€46,166-€4,339
Equity-€9,975--€5,637▲ 43.5%
Total assets€284,223-€263,176▼ 7.4%
Debt€294,198-€268,812▼ 8.6%
Working capital-€35,167--€28,658▲ 18.5%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €263,176
Fixed assets
€174,544 ▼ 11.8%
Current assets
€88,632 ▲ 2.7%
Equity and liabilities
Equity-€5,637
Debt€268,812
Equity is negative. Debt (€268,812) exceeds the balance-sheet total (€263,176).
Key figures and ratios
EBITDA
€41,783▲
2018 · -€8,749
Cash flow
€27,712▲
2018 · -€22,796
Solvency
-2.1%▲
2018 · -3.5%
Current ratio
0.76▲
2018 · 0.71
ROA
1.6%▲
2018 · -16.2%
Debt ≤ 1 year
€117,289▼
2018 · €121,472
Debt > 1 year
€151,523▼
2018 · €172,726
Income taxes
€9▼
2018 · €15
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,370 | €23,374 | = |
| Gross operating margin9900 | -€6,878 | €43,620 | - |
| Operating profit (loss)9901 | -€32,119 | €18,409 | - |
| Recurring financial charges65 | €14,032 | €14,062 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | -€46,151 | €4,347 | - |
| Income taxes67/77 | €15 | €9 | ▼ 43.5% |
| Profit (loss) for the period9904 | -€46,166 | €4,339 | - |
| Profit (loss) for the period to be appropriated9905 | -€46,166 | €4,339 | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €284,223 | €263,176 | ▼ 7.4% |
| Fixed assets21/28 | €197,918 | €174,544 | ▼ 11.8% |
| Tangible fixed assets22/27 | €197,798 | €174,424 | ▼ 11.8% |
| Financial fixed assets28 | €120 | €120 | = |
| Current assets29/58 | €86,305 | €88,632 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €86,305 | €82,994 | ▼ 3.8% |
| Cash at bank and in hand54/58 | - | €3,110 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €284,223 | €263,176 | ▼ 7.4% |
| Equity10/15 | -€9,975 | -€5,637 | ▲ 43.5% |
| Contributions10/11 | €37,200 | €37,200 | = |
| Reserves13 | €1,102 | €1,102 | = |
| Profit (loss) carried forward14 | -€55,185 | -€50,846 | ▲ 7.9% |
| Amounts payable17/49 | €294,198 | €268,812 | ▼ 8.6% |
| Amounts payable after more than one year17 | €172,726 | €151,523 | ▼ 12.3% |
| Amounts payable within one year42/48 | €121,472 | €117,289 | ▼ 3.4% |
| Trade debts44 | - | €791 | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€46,166 | €4,339 | - |
| + Depreciation and write-downs630 | €23,370 | €23,374 | = |
| Operating cash flow (approximation) | -€22,796 | €27,712 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | micro format | 02-07-2020 | 2020-26700253 | |
| 31-12-2018 | micro format | 22-07-2019 | 2019-37400105 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36700070 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25300206 | |
| 31-12-2015 | abbreviated format | 19-07-2016 | 2016-34000491 | |
| 31-12-2014 | abbreviated format | 30-06-2015 | 2015-24500323 | |
| 31-12-2013 | abbreviated format | 13-08-2014 | 2014-42200019 | |
| 31-12-2012 | abbreviated format | 31-07-2013 | 2013-39600148 | |
| 31-12-2011 | abbreviated format | 25-07-2012 | 2012-34000142 | |
| 31-12-2010 | abbreviated format | 26-07-2011 | 2011-33700333 |