PROVALOO
Dissolution or liquidationFinancials · financial year 2014, abbreviated format
Annual accounts 2014 filed on 30-12-2015 PDF all 15 filings
Turnover
≈ €250,000
Estimated: probably between €150,000 and €480,000
Total assets
€236,080▲ 4.5%
2013 · €225,821
Net result
€72,328▲ 59.7%
2013 · €45,277
Working capital
€8,248▼ 93.2%
2013 · €121,431
Multi-year overview
2010 to 2014, 5 financial yearsOperating result
€89,389
▲ 133%
2014
20102014
Net result
€72,328
▲ 59.7%
2014
20102014
Equity
€8,248
▼ 93.6%
2014
20102014
Total assets
€236,080
▲ 4.5%
2014
20102014
Debt
€227,832
▲ 133%
2014
20102014
Working capital
€8,248
▼ 93.2%
2014
20102014
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20102011201220132014
Operating result-€25,534-€73,364€66,883▼ 8.8%€38,348▼ 42.7%€89,389▲ 133%
Net result-€16,692-€73,792€63,755▼ 13.6%€45,277▼ 29.0%€72,328▲ 59.7%
Equity€17,097-€90,889▲ 432%€118,644▲ 30.5%€127,920▲ 7.8%€8,248▼ 93.6%
Total assets€97,281-€132,667▲ 36.4%€196,875▲ 48.4%€225,821▲ 14.7%€236,080▲ 4.5%
Debt€80,184-€41,778▼ 47.9%€78,231▲ 87.3%€97,901▲ 25.1%€227,832▲ 133%
Working capital-€1,937-€76,350€109,780▲ 43.8%€121,431▲ 10.6%€8,248▼ 93.2%
The operating result for 2014 is 133% higher than in 2013 and the highest since 2010. It is a recovery after the fall in 2013.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Equity and liabilities €236,080
Equity
€8,248 ▼ 93.6%
Debt
€227,832 ▲ 133%
Debt's share of the balance-sheet total rises from 43.4% to 96.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.04▼
2013 · 2.32
ROE
876.9%▲
2013 · 35.4%
ROA
30.6%▲
2013 · 20.0%
Debt ≤ 1 year
€227,832▲
2013 · €91,981
Income taxes
€36,220▲
2013 · €5,388
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,523 | €17,009 | €17,009 | €13,993 | - | - |
| Gross operating margin9900 | -€8,605 | €90,774 | €84,300 | €58,806 | €89,829 | ▲ 52.8% |
| Operating profit (loss)9901 | -€25,534 | €73,364 | €66,883 | €38,348 | €89,389 | ▲ 133% |
| Recurring financial income75 | €56 | €2,160 | €8,265 | €13,449 | €15,303 | ▲ 13.8% |
| Recurring financial charges65 | €1,561 | €1,441 | €3,640 | €859 | €2,741 | ▲ 219% |
| Profit (loss) for the period before taxes9903 | -€16,692 | €73,792 | €71,508 | €50,665 | €108,548 | ▲ 114% |
| Income taxes67/77 | - | - | €7,753 | €5,388 | €36,220 | ▲ 572% |
| Profit (loss) for the period9904 | -€16,692 | €73,792 | €63,755 | €45,277 | €72,328 | ▲ 59.7% |
| Profit (loss) for the period to be appropriated9905 | -€16,692 | €73,792 | €63,755 | €45,277 | €72,328 | ▲ 59.7% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97,281 | €132,667 | €196,875 | €225,821 | €236,080 | ▲ 4.5% |
| Fixed assets21/28 | €58,961 | €43,411 | €26,402 | €12,409 | - | - |
| Tangible fixed assets22/27 | €58,961 | €43,411 | €26,402 | €12,409 | - | - |
| Current assets29/58 | €38,320 | €89,255 | €170,472 | €213,412 | €236,080 | ▲ 10.6% |
| Stocks and contracts in progress3 | €4,485 | €2,033 | €8,136 | €8,766 | - | - |
| Amounts receivable within one year40/41 | €31,207 | €81,617 | €154,468 | €198,386 | €230,088 | ▲ 16.0% |
| Cash at bank and in hand54/58 | €2,628 | €5,605 | €7,868 | €6,260 | €5,992 | ▼ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97,281 | €132,667 | €196,875 | €225,821 | €236,080 | ▲ 4.5% |
| Equity10/15 | €17,097 | €90,889 | €118,644 | €127,920 | €8,248 | ▼ 93.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €10,897 | €84,689 | €112,444 | €121,720 | €2,048 | ▼ 98.3% |
| Amounts payable17/49 | €80,184 | €41,778 | €78,231 | €97,901 | €227,832 | ▲ 133% |
| Amounts payable after more than one year17 | €39,926 | €28,872 | €17,539 | €5,919 | - | - |
| Amounts payable within one year42/48 | €40,258 | €12,906 | €60,692 | €91,981 | €227,832 | ▲ 148% |
| Trade debts44 | €11,728 | €1,851 | €1,691 | €4,514 | €2,314 | ▼ 48.7% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,692 | €73,792 | €63,755 | €45,277 | €72,328 | ▲ 59.7% |
| + Depreciation and write-downs630 | €16,523 | €17,009 | €17,009 | €13,993 | - | - |
| Operating cash flow (approximation) | -€170 | €90,801 | €80,764 | €59,270 | €72,328 | ▲ 22.0% |
| Investment in fixed assets (approximation) | - | -€1,460 | €0 | €0 | - | - |
| Change in cash | - | €2,977 | €2,263 | -€1,608 | -€268 | ▲ 83.3% |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2014 | abbreviated format | 30-12-2015 | 2015-71000462 | |
| 31-12-2013 | abbreviated format | 30-09-2014 | 2014-62700070 | |
| 31-12-2012 | abbreviated format | 27-12-2013 | 2013-69900272 | |
| 31-12-2011 | abbreviated format | 28-09-2012 | 2012-59100593 | |
| 31-12-2010 | abbreviated format | 30-09-2011 | 2011-56500487 | |
| 31-12-2009 | abbreviated format | 23-12-2010 | 2010-64300539 | |
| 31-12-2008 | abbreviated format | 18-11-2009 | 2009-85500218 | |
| 31-12-2007 | abbreviated format | 19-09-2008 | 2008-73900103 | |
| 31-12-2006 | abbreviated format | 31-08-2007 | 2007-69800385 | |
| 31-12-2005 | abbreviated format | 30-08-2006 | 2006-73003228 |