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PRECIRONDS

Active
Public limited companyfounded 1983active for 42 yearsRue du Fourneau(Thy) 5, 5651 Walcourt, BelgiumKBO/BCE: BE 0425.158.621

Financials · financial year 2025, full format

Annual accounts 2025 filed on 01-07-2026 at the NBB all 42 filings

Turnover
€12.5m▼ 11.5%
2024 · €14.1m
EBIT margin
0.1%▼ 2.3pp
2024 · 2.4%
Net result
€167,896▼ 53.3%
2024 · €359,606
Working capital
€3.8m▲ 7.2%
2024 · €3.6m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 95% lower than in 2024 and the lowest since 2021. It is the third fall in a row.

Turnover€12.5m 2025 Operating result€0.02m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€17.3m-€15.1m▼ 12.6%€12.2m▼ 19.2%€16.9m▲ 38.3%€21.9m▲ 29.4%€17.3m▼ 21.0%€14.1m▼ 18.4%€12.5m▼ 11.5%
Operating result€0.4m-€0.2m▼ 51.2%€0.3m▲ 26.0%€0.6m▲ 140%€0.7m▲ 12.9%€0.6m▼ 13.9%€0.3m▼ 43.1%€0.02m▼ 95.2%
Net result€0.3m-€0.2m▼ 48.5%€0.2mwithin the sector's middle half▲ 22.7%€0.5mwithin the sector's middle half▲ 150%€0.5mabove the sector's middle half▲ 11.6%€0.5mabove the sector's middle half▲ 1.0%€0.4mwithin the sector's middle half▼ 32.8%€0.2mwithin the sector's middle half▼ 53.3%
EBIT margin2.4%-1.3%▼ 1.1pp2.1%▲ 0.8pp3.7%▲ 1.5pp3.2%▼ 0.5pp3.5%▲ 0.3pp2.4%▼ 1.1pp0.1%▼ 2.3pp
Equity€3.5m-€3.6m▲ 2.3%€3.6mabove the sector's middle half▲ 1.4%€3.8mabove the sector's middle half▲ 5.4%€4.0mabove the sector's middle half▲ 3.4%€4.1mabove the sector's middle half▲ 3.4%€4.2mabove the sector's middle half▲ 1.4%€4.2mabove the sector's middle half▲ 1.6%
Total assets€6.8m-€5.3m▼ 23.1%€5.0mwithin the sector's middle half▼ 5.2%€6.9mwithin the sector's middle half▲ 38.5%€7.1mwithin the sector's middle half▲ 2.0%€6.0mwithin the sector's middle half▼ 14.7%€5.8mwithin the sector's middle half▼ 3.9%€5.7mwithin the sector's middle half▼ 1.2%
Debt€3.3m-€1.7m▼ 49.5%€1.3m▼ 20.8%€3.1m▲ 131%€3.0m▼ 0.1%€1.9m▼ 38.6%€1.6m▼ 15.7%€1.3m▼ 20.1%
Working capital€3.1m-€3.2m▲ 2.2%€3.1mabove the sector's middle half▼ 1.1%€3.2mabove the sector's middle half▲ 2.7%€3.3mabove the sector's middle half▲ 4.2%€3.5mabove the sector's middle half▲ 3.7%€3.6mabove the sector's middle half▲ 2.8%€3.8mabove the sector's middle half▲ 7.2%
Solvency51.4%-68.3%▲ 16.9pp73.1%above the sector's middle half▲ 4.8pp55.6%within the sector's middle half▼ 17.5pp56.3%within the sector's middle half▲ 0.8pp68.3%above the sector's middle half▲ 12.0pp72.1%above the sector's middle half▲ 3.8pp74.2%above the sector's middle half▲ 2.1pp
Current ratio2.01-3.10▲ 1.093.52above the sector's middle half▲ 0.422.05within the sector's middle half▼ 1.472.15within the sector's middle half▲ 0.102.89above the sector's middle half▲ 0.743.26above the sector's middle half▲ 0.374.03above the sector's middle half▲ 0.77
Return on assets (ROA)4.4%-2.9%▼ 1.5pp3.8%within the sector's middle half▲ 0.9pp6.9%within the sector's middle half▲ 3.1pp7.5%within the sector's middle half▲ 0.6pp8.9%within the sector's middle half▲ 1.4pp6.2%within the sector's middle half▼ 2.7pp2.9%within the sector's middle half▼ 3.3pp
Staff (FTE)14.9-14.7▼ 1.3%14.3within the sector's middle half▼ 2.7%13.9within the sector's middle half▼ 2.8%13.2within the sector's middle half▼ 5.0%14.2within the sector's middle half▲ 7.6%13.5within the sector's middle half▼ 4.9%13within the sector's middle half▼ 3.7%
above within below The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets €622,880 ▼ 1.6%
Current assets €5.1m ▼ 1.1%
Equity and liabilities €5.7m
Equity €4.2m ▲ 1.6%
Provisions €213,500 ▲ 537%
Debt €1.3m ▼ 20.1%
Debt's share of the balance-sheet total falls from 27.3% to 22.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€106,403▼
2024 · €436,632
Cash flow
€257,917▼
2024 · €455,131
Quick ratio
2.97▲
2024 · 2.52
Debt to equity
0.30▼
2024 · 0.38
ROE
4.0%▼
2024 · 8.6%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€1.3m▼
2024 · €1.6m
Income taxes
€16,854▼
2024 · €101,000
Customer credit
68 days▲
2024 · 58 days
Supplier credit
36 days▲
2024 · 35 days
Staff costs
€756,634▼
2024 · €757,474
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as PRECIRONDS: manufacture of fabricated metal products, except machinery and equipment (NACE 25402). They are comparable in size and age: total assets between €3.4m and €13m, founded between 1968 and 1991.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
PRECIRONDS Walcourt1983€5.7m€4.2m-€12.5m€0.2m132025
JACQUET BENELUX Herstal1991€6.6m€4.0m-€10.6m€0.2m20.62025
Induflex Gent1985€3.4m€2.0m-€6.0m-€0.5m13.22025
Metal Deploye Belge Liège1968€11.4m€8.8m-€12.8m€1.3m27.72025
LASERE Namur1991€12.9m€5.2m-€5.7m€1.1m23.22025
DECOUTERE PROFIELEN Izegem1981€4.6m€2.1m€1.4m-€0.2m11.42025
MELOTTE Zonhoven1970€6.2m€4.6m-€8.0m€0.7m43.72025

They were chosen from the 100 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 14,766 companies had the same profile as PRECIRONDS has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.2% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of PRECIRONDS itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 14,766 companies, not a prediction for PRECIRONDS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 80 lines

Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€5.8m€5.7m▼
Fixed assets21/28€0.6m€0.6m▼
Tangible fixed assets22/27€0.4m€0.4m▼
Land and buildings22€0.3m€0.3m▼
Plant, machinery and equipment23€0.07m€0.05m▼
Furniture and vehicles24€0.07m€0.1m▲
Financial fixed assets28€0.2m€0.2m=
Companies linked by participating interests282/3€0.2m€0.2m=
Participating interests282€0.2m€0.2m=
Other financial fixed assets284/8€0.001m€0.001m=
Amounts receivable and cash guarantees285/8€0.001m€0.001m=
Current assets29/58€5.1m€5.1m▼
Stocks and contracts in progress3€1.2m€1.3m▲
Stocks30/36€1.2m€1.3m▲
Goods purchased for resale34€1.2m€1.3m▲
Amounts receivable within one year40/41€2.2m€2.3m▲
Trade receivables40€2.2m€2.3m▲
Other amounts receivable41€45€0.005m▲
Current investments50/53€0.5m€1.2m▲
Other investments51/53€0.5m€1.2m▲
Cash at bank and in hand54/58€1.2m€0.2m▼
Deferred charges and accrued income490/1€0.07m€0.09m▲
Equity and liabilities
Total equity and liabilities10/49€5.8m€5.7m▼
Equity10/15€4.2m€4.2m▲
Contributions10/11€0.2m€0.2m=
Capital10€0.1m€0.1m=
Issued capital100€0.1m€0.1m=
Contributions outside capital11€0.03m€0.03m=
Share premium1100/10€0.03m€0.03m=
Reserves13€0.3m€0.3m=
Non-distributable reserves130/1€0.01m€0.01m=
Legal reserve130€0.01m€0.01m=
Distributable reserves133€0.3m€0.3m=
Profit (loss) carried forward14€3.7m€3.8m▲
Provisions and deferred taxes16€0.03m€0.2m▲
Provisions for liabilities and charges160/5€0.03m€0.2m▲
Major repairs and maintenance162€0.03m€0.03m=
Other liabilities and charges164/5-€0.2m
Amounts payable17/49€1.6m€1.3m▼
Amounts payable within one year42/48€1.6m€1.3m▼
Current portion of amounts payable after more than one year42€0.03m-
Trade debts44€1.2m€1.1m▼
Suppliers440/4€1.2m€1.1m▼
Taxes, remuneration and social security45€0.07m€0.07m▼
Taxes450/3€0.002m-
Remuneration and social security454/9€0.07m€0.07m▲
Other amounts payable47/48€0.3m€0.1m▼
Income statement Code20242025
Operating income70/76A€14.2m€12.6m▼
Turnover70€14.1m€12.5m▼
Other operating income74€0.1m€0.1m▲
Operating charges60/66A€13.9m€12.6m▼
Goods for resale, raw materials and consumables60€12.3m€11.0m▼
Purchases600/8€12.0m€11.1m▼
Change in stocks: decrease (increase)609€0.3m-€0.2m▼
Services and other goods61€0.6m€0.5m▼
Remuneration, social security and pensions62€0.8m€0.8m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.09m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.004m-
Other operating charges640/8€0.08m€0.06m▼
Non-recurring operating charges66A-€0.2m
Operating profit (loss)9901€0.3m€0.02m▼
Financial income75/76B€0.1m€0.2m▲
Recurring financial income75€0.1m€0.2m▲
Income from financial fixed assets750€0.08m€0.1m▲
Income from current assets751€0.04m€0.03m▼
Other financial income752/9€0.005m€0.006m▲
Financial charges65/66B€0.008m€0.007m▼
Recurring financial charges65€0.008m€0.007m▼
Debt charges650€0.002m€186▼
Other financial charges652/9€0.006m€0.006m▲
Profit (loss) for the period before taxes9903€0.5m€0.2m▼
Income taxes67/77€0.1m€0.02m▼
Taxes670/3€0.1m€0.02m▼
Profit (loss) for the period9904€0.4m€0.2m▼
Profit (loss) for the period to be appropriated9905€0.4m€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.0m€3.9m▼
Profit (loss) brought forward from the previous period14P€3.6m€3.7m▲
Profit to be distributed694/7€0.3m€0.1m▼
Return on contributions (dividend)694€0.3m€0.1m▼
Social balance sheet
Average headcount (FTE)908713.513.0▼

The notes to these accounts have 38 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Operating income70/76A---€17.0m€21.9m€17.4m€14.2m€12.6m▼ 11.3%
Turnover70€17.3m€15.1m€12.2m€16.9m€21.9m€17.3m€14.1m€12.5m▼ 11.5%
Other operating income74---€0.1m€0.07m€0.1m€0.1m€0.1m▲ 12.9%
Operating charges60/66A---€16.4m€21.2m€16.8m€13.9m€12.6m▼ 9.2%
Goods for resale, raw materials and consumables60---€15.0m€19.9m€15.3m€12.3m€11.0m▼ 11.2%
Purchases600/8---€16.4m€19.6m€14.0m€12.0m€11.1m▼ 7.2%
Change in stocks: decrease (increase)609----€1.4m€0.3m€1.4m€0.3m-€0.2m-
Services and other goods61---€0.5m€0.6m€0.5m€0.6m€0.5m▼ 7.8%
Remuneration, social security and pensions62---€0.7m€0.7m€0.7m€0.8m€0.8m▼ 0.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.09m€0.09m€0.1m€0.09m€0.1m€0.1m€0.09m▼ 5.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€0.03m--€0.004m--
Provisions for liabilities and charges: additions (uses and reversals)635/8----€0.01m----
Other operating charges640/8---€0.05m€0.05m€0.09m€0.08m€0.06m▼ 31.0%
Non-recurring operating charges66A-------€0.2m-
Operating profit (loss)9901€0.4m€0.2m€0.3m€0.6m€0.7m€0.6m€0.3m€0.02m▼ 95.2%
Financial income75/76B---€0.03m€0.03m€0.1m€0.1m€0.2m▲ 37.7%
Recurring financial income75€0.03m€0.03m€0.01m€0.03m€0.03m€0.1m€0.1m€0.2m▲ 37.7%
Income from financial fixed assets750---€0.02m€0.02m€0.08m€0.08m€0.1m▲ 73.4%
Income from current assets751-----€0.02m€0.04m€0.03m▼ 23.6%
Other financial income752/9---€0.01m€0.009m€0.009m€0.005m€0.006m▲ 15.4%
Financial charges65/66B---€0.01m€0.02m€0.01m€0.008m€0.007m▼ 12.5%
Recurring financial charges65€0.02m€0.01m€0.01m€0.01m€0.02m€0.01m€0.008m€0.007m▼ 12.5%
Debt charges650€0.01m€0.01m€0.009m€0.009m€0.01m€0.003m€0.002m€186▼ 90.7%
Other financial charges652/9---€0.004m€0.005m€0.006m€0.006m€0.006m▲ 15.8%
Profit (loss) for the period before taxes9903€0.4m€0.2m€0.3m€0.6m€0.7m€0.7m€0.5m€0.2m▼ 59.9%
Income taxes67/77€0.1m€0.06m€0.07m€0.2m€0.2m€0.2m€0.1m€0.02m▼ 83.3%
Taxes670/3---€0.2m€0.2m€0.2m€0.1m€0.02m▼ 83.3%
Profit (loss) for the period9904€0.3m€0.2m€0.2m€0.5m€0.5m€0.5m€0.4m€0.2m▼ 53.3%
Profit (loss) for the period to be appropriated9905€0.3m€0.2m€0.2m€0.5m€0.5m€0.5m€0.4m€0.2m▼ 53.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€6.8m€5.3m€5.0m€6.9m€7.1m€6.0m€5.8m€5.7m▼ 1.2%
Fixed assets21/28€0.7m€0.6m€0.6m€0.7m€0.8m€0.7m€0.6m€0.6m▼ 1.6%
Tangible fixed assets22/27€0.5m€0.4m€0.4m€0.4m€0.6m€0.5m€0.4m€0.4m▼ 2.4%
Land and buildings22---€0.4m€0.3m€0.3m€0.3m€0.3m▼ 7.6%
Plant, machinery and equipment23---€0.01m€0.1m€0.09m€0.07m€0.05m▼ 34.0%
Furniture and vehicles24---€0.07m€0.1m€0.09m€0.07m€0.1m▲ 53.9%
Financial fixed assets28€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Companies linked by participating interests282/3---€0.2m€0.2m€0.2m€0.2m€0.2m=
Participating interests282---€0.2m€0.2m€0.2m€0.2m€0.2m=
Other financial fixed assets284/8---€0.001m€0.001m€0.001m€0.001m€0.001m=
Amounts receivable and cash guarantees285/8---€0.001m€0.001m€0.001m€0.001m€0.001m=
Current assets29/58€6.2m€4.7m€4.4m€6.3m€6.3m€5.3m€5.1m€5.1m▼ 1.1%
Stocks and contracts in progress3€2.9m€1.8m€1.7m€3.1m€2.9m€1.5m€1.2m€1.3m▲ 15.1%
Stocks30/36---€3.1m€2.9m€1.5m€1.2m€1.3m▲ 15.1%
Goods purchased for resale34---€3.1m€2.9m€1.5m€1.2m€1.3m▲ 15.1%
Amounts receivable within one year40/41€2.7m€2.3m€1.7m€2.5m€3.0m€2.4m€2.2m€2.3m▲ 3.6%
Trade receivables40---€2.4m€3.0m€2.4m€2.2m€2.3m▲ 3.3%
Other amounts receivable41---€0.05m€0.03m€0.01m€45€0.005m▲ 117×
Current investments50/53-----€1.0m€0.5m€1.2m▲ 133%
Other investments51/53-----€1.0m€0.5m€1.2m▲ 133%
Cash at bank and in hand54/58€0.5m€0.6m€0.9m€0.6m€0.4m€0.3m€1.2m€0.2m▼ 86.3%
Deferred charges and accrued income490/1---€0.03m€0.02m€0.07m€0.07m€0.09m▲ 34.1%
Equity and liabilities
Total equity and liabilities10/49€6.8m€5.3m€5.0m€6.9m€7.1m€6.0m€5.8m€5.7m▼ 1.2%
Equity10/15€3.5m€3.6m€3.6m€3.8m€4.0m€4.1m€4.2m€4.2m▲ 1.6%
Contributions10/11€0.1m€0.1m€0.1m€0.2m€0.2m€0.2m€0.2m€0.2m=
Capital10---€0.1m€0.1m€0.1m€0.1m€0.1m=
Issued capital100---€0.1m€0.1m€0.1m€0.1m€0.1m=
Contributions outside capital11---€0.03m€0.03m€0.03m€0.03m€0.03m=
Share premium1100/10---€0.03m€0.03m€0.03m€0.03m€0.03m=
Reserves13€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Non-distributable reserves130/1---€0.01m€0.01m€0.01m€0.01m€0.01m=
Legal reserve130---€0.01m€0.01m€0.01m€0.01m€0.01m=
Distributable reserves133---€0.3m€0.3m€0.3m€0.3m€0.3m=
Profit (loss) carried forward14€3.0m€3.1m€3.2m€3.4m€3.5m€3.6m€3.7m€3.8m▲ 1.8%
Provisions and deferred taxes16€0.02m-€0.02m€0.02m€0.03m€0.03m€0.03m€0.2m▲ 537%
Provisions for liabilities and charges160/5---€0.02m€0.03m€0.03m€0.03m€0.2m▲ 537%
Major repairs and maintenance162---€0.02m€0.03m€0.03m€0.03m€0.03m=
Other liabilities and charges164/5-------€0.2m-
Amounts payable17/49€3.3m€1.7m€1.3m€3.1m€3.0m€1.9m€1.6m€1.3m▼ 20.1%
Amounts payable after more than one year17€0.2m€0.2m€0.08m-€0.1m€0.03m---
Financial debts170/4----€0.1m€0.03m---
Credit institutions173----€0.1m€0.03m---
Amounts payable within one year42/48€3.1m€1.5m€1.2m€3.1m€2.9m€1.8m€1.6m€1.3m▼ 20.1%
Current portion of amounts payable after more than one year42---€0.1m€0.2m€0.1m€0.03m--
Financial debts43---€0.04m€0.03m----
Credit institutions430/8---€0.04m€0.03m----
Trade debts44€2.2m€1.2m€0.9m€2.5m€2.2m€1.3m€1.2m€1.1m▼ 6.9%
Suppliers440/4---€2.5m€2.2m€1.3m€1.2m€1.1m▼ 6.9%
Taxes, remuneration and social security45---€0.08m€0.1m€0.07m€0.07m€0.07m▼ 2.6%
Taxes450/3---€0.02m€0.03m-€0.002m--
Remuneration and social security454/9---€0.06m€0.06m€0.07m€0.07m€0.07m▲ 0.6%
Other amounts payable47/48---€0.3m€0.4m€0.4m€0.3m€0.1m▼ 66.7%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.2m€0.2m€0.5m€0.5m€0.5m€0.4m€0.2m▼ 53.3%
+ Depreciation and write-downs630€0.09m€0.09m€0.09m€0.1m€0.09m€0.1m€0.1m€0.09m▼ 5.8%
Operating cash flow (approximation)€0.4m€0.2m€0.3m€0.6m€0.6m€0.6m€0.5m€0.3m▼ 43.3%
Investment in fixed assets (approximation)--€0.004m-€0.1m-€0.1m-€0.2m-€0.02m-€0.02m-€0.08m▼ 229%
Change in cash-€0.08m€0.4m-€0.3m-€0.2m-€0.1m€0.9m-€1.0m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 42 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 01-07-2026 2026-00249955 NBB
31-12-2024 full format 02-06-2025 2025-00119523 PDF
31-12-2023 full format 27-05-2024 2024-00098502 PDF
31-12-2022 full format 05-05-2023 2023-00083542 PDF
31-12-2021 full format 08-06-2022 2022-20053936 PDF
31-12-2020 full format 16-06-2021 2021-20700280 PDF
31-12-2019 full format 29-05-2020 2020-13700475 PDF
31-12-2018 full format 13-06-2019 2019-19000596 PDF
31-12-2017 full format 19-06-2018 2018-20600134 PDF
31-12-2016 full format 29-06-2017 2017-24100192 PDF

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