PYTHAGORAS
InactiveInactive; last annual accounts for fiscal year 2019.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 15-05-2020, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2019
77 d early
2018
78 d late
2017
28 d late
2016
18 d late
2015
57 d late
2014
59 d late
2013
56 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, abbreviated schema
Equity
€422k▲ 28.9%
2018 · €327k
Total assets
€552k▼ 18.7%
2018 · €679k
Net result
€95k▼ 41.6%
2018 · €162k
Working capital
€335k▲ 69.4%
2018 · €198k
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
Operating result€171k-€132k▼ 22.5%
Net result€162k-€95k▼ 41.6%
Equity€327k-€422k▲ 28.9%
Total assets€679k-€552k▼ 18.7%
Debt€352k-€130k▼ 63.0%
Working capital€198k-€335k▲ 69.4%
Staff (FTE)11.5
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 22% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €552k
Fixed assets
€87k ▼ 32.9%
Current assets
€465k ▼ 15.4%
Equity and liabilities €552k
Equity
€422k ▲ 28.9%
Debt
€130k ▼ 63.0%
Debt's share of the balance-sheet total falls from 51.8% to 23.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€164k▼
2018 · €204k
Cash flow
€126k▼
2018 · €195k
Current ratio
3.57▲
2018 · 1.56
ROE
22.4%▼
2018 · 49.5%
ROA
17.1%▼
2018 · 23.9%
Debt ≤ 1 year
€130k▼
2018 · €352k
Income taxes
€42k▲
2018 · €11k
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 | €34k | €32k | ▼ 5.8% |
| Gross operating margin9900 | €954k | €917k | ▼ 3.9% |
| Operating profit (loss)9901 | €171k | €132k | ▼ 22.5% |
| Recurring financial income75 | €4k | €116 | ▼ 97.2% |
| Recurring financial charges65 | €2k | €2k | ▲ 18.6% |
| Profit (loss) for the period before taxes9903 | €173k | €136k | ▼ 21.3% |
| Income taxes67/77 | €11k | €42k | ▲ 275% |
| Profit (loss) for the period9904 | €162k | €95k | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €162k | €95k | ▼ 41.6% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €679k | €552k | ▼ 18.7% |
| Fixed assets21/28 | €129k | €87k | ▼ 32.9% |
| Tangible fixed assets22/27 | €126k | €83k | ▼ 33.8% |
| Financial fixed assets28 | €3k | €3k | = |
| Current assets29/58 | €549k | €465k | ▼ 15.4% |
| Stocks and contracts in progress3 | €20 | - | - |
| Amounts receivable within one year40/41 | €419k | €214k | ▼ 49.0% |
| Cash at bank and in hand54/58 | €122k | €244k | ▲ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €679k | €552k | ▼ 18.7% |
| Equity10/15 | €327k | €422k | ▲ 28.9% |
| Contributions10/11 | €64k | €64k | = |
| Reserves13 | €263k | €358k | ▲ 35.9% |
| Profit (loss) carried forward14 | €2k | - | - |
| Amounts payable17/49 | €352k | €130k | ▼ 63.0% |
| Amounts payable within one year42/48 | €352k | €130k | ▼ 63.0% |
| Trade debts44 | €18k | €18k | ▼ 2.9% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €162k | €95k | ▼ 41.6% |
| + Depreciation and write-downs630 | €34k | €32k | ▼ 5.8% |
| Operating cash flow (approximation) | €195k | €126k | ▼ 35.4% |
| Investment in fixed assets (approximation) | - | €11k | - |
| Change in cash | - | €122k | - |
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
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
23-03
State Gazette act
General meeting · Merger
Accounting effect
23-03
State Gazette act
General meeting · Merger
Accounting effect
27-01
State Gazette act
Board meeting · Merger
Accounting effect
27-01
State Gazette act
Merger · Accounting effect
Power of attorney
2019
31-12
Financial
Liquidity doublescurrent ratio 3.57
Current ratio from 1.56 to 3.57; short-term debt falls from €352k to €130k.
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 78 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 59 days late
2014
25-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 56 days late
Show earlier events
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
2012
30-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 30 days late
2011
18-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
Acquisitions and mergers
1 transactionTaken over by:Sweco Belgium