PRODEX
Open bankruptcyFinancials · financial year 2017, micro format
2017 annual accounts filed 28 days after the deadline Filed on 28 May 2018, deadline 30 April 2018 (7 months after the close on 30 September 2017, Companies Code art. 3:10). Source: NBB, 2018-14100327.
Annual accounts 2017 filed on 28-05-2018 PDF all 10 filings
Turnover
≈ €490,000
Estimated: probably between €340,000 and €740,000
Total assets
€150,186▲ 477%
2016 · €26,046
Net result
€12,257▲ 436%
2016 · €2,285
Working capital
€25,372▲ 93.5%
2016 · €13,115
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
€13,012
▲ 303%
2017
20132017
Net result
€12,257
▲ 436%
2017
20132017
Equity
€25,372
▲ 93.5%
2017
20132017
Total assets
€150,186
▲ 477%
2017
20132017
Debt
€124,814
▲ 865%
2017
20132017
Working capital
€25,372
▲ 93.5%
2017
20132017
Staff (FTE)
4.6
▲ 35.3%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€804-€4,566▲ 468%€672▼ 85.3%€3,226▲ 380%€13,012▲ 303%
Net result€804-€4,566▲ 468%€571▼ 87.5%€2,285▲ 300%€12,257▲ 436%
Equity-€407-€10,360€10,931▲ 5.5%€13,115▲ 20.0%€25,372▲ 93.5%
Total assets€30,058-€10,360▼ 65.5%€14,011▲ 35.2%€26,046▲ 85.9%€150,186▲ 477%
Debt€30,465-€3,080€12,931▲ 320%€124,814▲ 865%
Working capital-€407-€10,931€13,115▲ 20.0%€25,372▲ 93.5%
Staff (FTE)3.44.6▲ 35.3%
The operating result for 2017 is over 4 times that of 2016 and the highest since 2013. It is the second rise in a row, after the fall in 2015.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Equity and liabilities €150,186
Equity
€25,372 ▲ 93.5%
Debt
€124,814 ▲ 865%
Debt's share of the balance-sheet total rises from 49.6% to 83.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.20▼
2016 · 2.01
ROE
48.3%▲
2016 · 17.4%
ROA
8.2%▼
2016 · 8.8%
Debt ≤ 1 year
€124,814▲
2016 · €12,931
Income taxes
€231
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | €18,493 | €42,864 | €39,584 | €136,329 | €147,838 | ▲ 8.4% |
| Operating profit (loss)9901 | €804 | €4,566 | €672 | €3,226 | €13,012 | ▲ 303% |
| Recurring financial income75 | - | - | - | - | €119 | - |
| Recurring financial charges65 | - | - | €101 | €941 | €643 | ▼ 31.7% |
| Profit (loss) for the period before taxes9903 | €804 | €4,566 | €571 | €2,285 | €12,488 | ▲ 447% |
| Income taxes67/77 | - | - | - | - | €231 | - |
| Profit (loss) for the period9904 | €804 | €4,566 | €571 | €2,285 | €12,257 | ▲ 436% |
| Profit (loss) for the period to be appropriated9905 | €804 | €4,566 | €571 | €2,285 | €12,257 | ▲ 436% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,058 | €10,360 | €14,011 | €26,046 | €150,186 | ▲ 477% |
| Current assets29/58 | €30,058 | €10,360 | €14,011 | €26,046 | €150,186 | ▲ 477% |
| Amounts receivable within one year40/41 | €58 | - | €13,726 | €17,667 | €145,908 | ▲ 726% |
| Cash at bank and in hand54/58 | €10,000 | €3,128 | €285 | €8,379 | €133 | ▼ 98.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,058 | €10,360 | €14,011 | €26,046 | €150,186 | ▲ 477% |
| Equity10/15 | -€407 | €10,360 | €10,931 | €13,115 | €25,372 | ▲ 93.5% |
| Contributions10/11 | €22,500 | €28,700 | €28,700 | €28,600 | €28,600 | = |
| Profit (loss) carried forward14 | -€22,907 | -€18,340 | -€17,769 | -€15,485 | -€3,228 | ▲ 79.2% |
| Amounts payable17/49 | €30,465 | - | €3,080 | €12,931 | €124,814 | ▲ 865% |
| Amounts payable within one year42/48 | €30,465 | - | €3,080 | €12,931 | €124,814 | ▲ 865% |
| Trade debts44 | €9,251 | - | €3,080 | €7,625 | €48,324 | ▲ 534% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €804 | €4,566 | €571 | €2,285 | €12,257 | ▲ 436% |
| Operating cash flow (approximation) | €804 | €4,566 | €571 | €2,285 | €12,257 | ▲ 436% |
| Change in cash | - | -€6,872 | -€2,843 | €8,094 | -€8,246 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2017 | micro format | 28-05-2018 | 2018-14100327 | |
| 30-09-2016 | abbreviated format | 28-04-2017 | 2017-10800511 | |
| 30-09-2015 | abbreviated format | 31-03-2016 | 2016-08800037 | |
| 30-09-2014 | abbreviated format | 29-06-2015 | 2015-24100389 | |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-10700411 | |
| 30-06-2011 | abbreviated format | 05-01-2012 | 2012-00400466 | |
| 30-06-2010 | abbreviated format | 21-12-2010 | 2010-64200265 | |
| 30-06-2009 | abbreviated format | 30-04-2010 | 2010-11100524 | |
| 30-06-2008 | abbreviated format | 27-02-2009 | 2009-06500056 | |
| 30-06-2007 | abbreviated format | 18-02-2008 | 2008-04800356 |