PRECONEX SP
InactiveInactive; last annual accounts for fiscal year 2019.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 03-08-2020, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2019
3 d late
2018
on the day
2017
29 d early
2016
7 d early
2015
20 d early
2014
22 d early
2013
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2019, full schema
Turnover
€18.51M▼ 14.5%
2018 · €21.65M
EBIT margin
0.4%▲ 2.7pp
2018 · -2.4%
Net result
€180k
2018 · €-389k
Working capital
€237k▲ 453%
2018 · €43k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Turnover€21.65M-€18.51M▼ 14.5%
Operating result€-511k-€68k
Net result€-389k-€180k
EBIT margin-2.4%-0.4%▲ 2.7pp
Equity€116k-€295k▲ 155%
Total assets€7.56M-€6.56M▼ 13.3%
Debt€7.44M-€6.26M▼ 15.9%
Working capital€43k-€237k▲ 453%
Staff (FTE)4.2-3.8▼ 9.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2019: €68k after a loss of €511k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €6.56M
Fixed assets
€58k ▼ 20.3%
Current assets
€6.50M ▼ 13.2%
Equity and liabilities €6.56M
Equity
€295k ▲ 155%
Debt
€6.26M ▼ 15.9%
Debt's share of the balance-sheet total falls from 98.5% to 95.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▲
2018 · €-430k
Cash flow
€193k▲
2018 · €-308k
Current ratio
1.04▲
2018 · 1.01
ROE
60.9%▲
2018 · -336.4%
ROA
2.7%▲
2018 · -5.1%
Interest coverage
2.36▲
2018 · -38.61
Debt ≤ 1 year
€6.26M▼
2018 · €7.44M
Income taxes
€-124k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €21.65M | €18.51M | ▼ 14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81k | €14k | ▼ 82.9% |
| Operating profit (loss)9901 | €-511k | €68k | ▲ 113% |
| Recurring financial income75 | €242k | €93k | ▼ 61.7% |
| Recurring financial charges65 | €119k | €105k | ▼ 11.9% |
| Debt charges650 | €11k | €35k | ▲ 211% |
| Profit (loss) for the period before taxes9903 | €-389k | €55k | ▲ 114% |
| Income taxes67/77 | - | €-124k | - |
| Profit (loss) for the period9904 | €-389k | €180k | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | €-389k | €180k | ▲ 146% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €7.56M | €6.56M | ▼ 13.3% |
| Fixed assets21/28 | €73k | €58k | ▼ 20.3% |
| Intangible fixed assets21 | €71k | €57k | ▼ 19.6% |
| Financial fixed assets28 | €2k | €1k | ▼ 44.6% |
| Current assets29/58 | €7.49M | €6.50M | ▼ 13.2% |
| Stocks and contracts in progress3 | €53k | - | - |
| Amounts receivable within one year40/41 | €3.95M | €5.09M | ▲ 28.8% |
| Cash at bank and in hand54/58 | €3.48M | €1.38M | ▼ 60.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €7.56M | €6.56M | ▼ 13.3% |
| Equity10/15 | €116k | €295k | ▲ 155% |
| Contributions10/11 | €62k | €62k | = |
| Reserves13 | €54k | €54k | = |
| Profit (loss) carried forward14 | €2.38M | €180k | ▼ 92.5% |
| Amounts payable17/49 | €7.44M | €6.26M | ▼ 15.9% |
| Amounts payable within one year42/48 | €7.44M | €6.26M | ▼ 15.9% |
| Trade debts44 | €4.03M | €1.41M | ▼ 65.1% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-389k | €180k | ▲ 146% |
| + Depreciation and write-downs630 | €81k | €14k | ▼ 82.9% |
| Operating cash flow (approximation) | €-308k | €193k | ▲ 163% |
| Investment in fixed assets (approximation) | - | €892 | - |
| Change in cash | - | €-2.10M | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
21-01
State Gazette act
General meeting · Permanent representative
Merger · Net-asset statement · Stijn RAES
2019
31-12
Financial
Back to profitnet €180k
Net result €180k after one loss-making year.
31-12
Financial
Equity above €200kEq €295k ▲155%
Equity rises from €116k to €295k.
28-11
State Gazette act
Merger · Capital
Corporate purpose · Purpose change
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
09-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
09-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
10-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
28-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:NUSCIENCE BELGIUM
Recognitions · licences · registrations
Legal Entity Identifier
549300636V10F0T0R491