Financials · financial year 2015, full format
2015 annual accounts filed 9 days after the deadline Filed on 9 August 2016, deadline 31 July 2016 (7 months after the close on 31 December 2015, Companies Code art. 3:10). Source: NBB, 2016-41600328.
Annual accounts 2015 filed on 09-08-2016 PDF all 5 filings
Turnover
€149,434▲ 1.9%
2011 · €146,630
EBIT margin
4.9%▲ 3.4pp
2011 · 1.4%
Net result
-€1,375
2014 · €1,460
Working capital
€4,042▲ 17.3%
2014 · €3,445
Multi-year overview
2011 to 2015, 5 financial yearsTurnover
no figure
2015
20112015
Operating result
-€1,268
2015
20112015
Net result
-€1,375
2015
20112015
EBIT margin
no figure
2015
20112015
Equity
€7,459
▼ 15.6%
2015
20112015
Total assets
€9,565
▼ 50.9%
2015
20112015
Debt
€2,106
▼ 80.2%
2015
20112015
Working capital
€4,042
▲ 17.3%
2015
20112015
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Turnover€146,630-€149,434▲ 1.9%
Operating result€2,114-€7,252▲ 243%-€1,817€1,581-€1,268
Net result€2,052-€7,057▲ 244%-€2,006€1,460-€1,375
EBIT margin1.4%-4.9%▲ 3.4pp
Equity€2,202-€9,379▲ 326%€7,374▼ 21.4%€8,833▲ 19.8%€7,459▼ 15.6%
Total assets€6,532-€11,899▲ 82.2%€33,344▲ 180%€19,479▼ 41.6%€9,565▼ 50.9%
Debt€4,330-€2,520▼ 41.8%€25,970▲ 931%€10,645▼ 59.0%€2,106▼ 80.2%
Working capital€1,923-€3,214▲ 67.1%€3,845▲ 19.6%€3,445▼ 10.4%€4,042▲ 17.3%
The operating result for 2015 is a loss of €1,268, after a profit of €1,581 in 2014.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €9,565
Fixed assets
€3,417 ▼ 36.6%
Current assets
€6,148 ▼ 56.4%
Equity and liabilities €9,565
Equity
€7,459 ▼ 15.6%
Debt
€2,106 ▼ 80.2%
Debt's share of the balance-sheet total falls from 54.7% to 22.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€704▼
2014 · €4,721
Cash flow
€598▼
2014 · €4,600
Current ratio
2.92▲
2014 · 1.32
ROE
-18.4%▼
2014 · 16.5%
ROA
-14.4%▼
2014 · 7.5%
Debt ≤ 1 year
€2,106▼
2014 · €10,645
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €146,630 | €149,434 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80 | €1,664 | €2,636 | €3,140 | €1,972 | ▼ 37.2% |
| Gross operating margin9900 | €2,196 | €9,005 | €1,011 | €4,771 | €704 | ▼ 85.2% |
| Operating profit (loss)9901 | €2,114 | €7,252 | -€1,817 | €1,581 | -€1,268 | - |
| Recurring financial income75 | €17 | €15 | €6 | €10 | €6 | ▼ 41.1% |
| Recurring financial charges65 | €79 | €210 | €193 | €128 | €111 | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €2,052 | €7,057 | -€2,004 | €1,462 | -€1,373 | - |
| Profit (loss) for the period9904 | €2,052 | €7,057 | -€2,006 | €1,460 | -€1,375 | - |
| Profit (loss) for the period to be appropriated9905 | - | - | -€2,006 | €1,460 | -€1,375 | - |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,532 | €11,899 | €33,344 | €19,479 | €9,565 | ▼ 50.9% |
| Fixed assets21/28 | €330 | €6,165 | €3,529 | €5,389 | €3,417 | ▼ 36.6% |
| Tangible fixed assets22/27 | €330 | €6,165 | €3,529 | €5,389 | €3,417 | ▼ 36.6% |
| Current assets29/58 | €6,203 | €5,734 | €29,815 | €14,090 | €6,148 | ▼ 56.4% |
| Amounts receivable within one year40/41 | €4,976 | €4,958 | €26,695 | €11,143 | €4,188 | ▼ 62.4% |
| Cash at bank and in hand54/58 | €1,227 | €776 | €3,119 | €2,946 | €1,960 | ▼ 33.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,532 | €11,899 | €33,344 | €19,479 | €9,565 | ▼ 50.9% |
| Equity10/15 | €2,202 | €9,379 | €7,374 | €8,833 | €7,459 | ▼ 15.6% |
| Profit (loss) carried forward14 | €2,052 | €9,109 | €7,104 | €8,563 | €7,189 | ▼ 16.1% |
| Amounts payable17/49 | €4,330 | €2,520 | €25,970 | €10,645 | €2,106 | ▼ 80.2% |
| Amounts payable within one year42/48 | €4,280 | €2,520 | €25,970 | €10,645 | €2,106 | ▼ 80.2% |
| Trade debts44 | €3,280 | €1,820 | €25,970 | €10,645 | €2,106 | ▼ 80.2% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,052 | €7,057 | -€2,006 | €1,460 | -€1,375 | - |
| + Depreciation and write-downs630 | €80 | €1,664 | €2,636 | €3,140 | €1,972 | ▼ 37.2% |
| Operating cash flow (approximation) | €2,132 | €8,721 | €631 | €4,600 | €598 | ▼ 87.0% |
| Investment in fixed assets (approximation) | - | -€7,500 | €0 | -€5,000 | €0 | - |
| Change in cash | - | -€451 | €2,343 | -€173 | -€987 | ▼ 471% |
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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2015 | full format | 09-08-2016 | 2016-41600328 | |
| 31-12-2014 | full format | 25-08-2015 | 2015-52900410 | |
| 31-12-2013 | full format | 25-08-2014 | 2014-48600555 | |
| 31-12-2012 | full format | 27-08-2013 | 2013-48300044 | |
| 31-12-2011 | full format | 28-08-2012 | 2012-47200518 |