R.L.E.
Open bankruptcyFinancials · financial year 2014, full format
Turnover
€238,333▼ 54.6%
2010 · €525,006
EBIT margin
57.1%▲ 78.0pp
2010 · -20.9%
Net result
€198,715▼ 53.8%
2013 · €430,121
Working capital
-€182,246
2013 · €123,499
Trend over the years
2010 to 2014, 5 financial years 2010 to 2014, 5 financial years
The operating result stays negative: a loss of €4,196 in 2014 against €8,177 in 2013; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.2m
2011
Operating result-€0.004m
2014
Net result€0.2m
2014
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€7.3m
2014
Equity€4.7m
2014
Debt€2.7m
2014
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.2m
2014
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin57.1%
2011
Average staff in full-time equivalents (FTE).
Staff (FTE)0.3
2012
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20102011201220132014
Turnover€0.5m-€0.2m▼ 54.6%
Operating result-€0.1m-€0.1m-€0.02m-€0.008m▲ 59.4%-€0.004m▲ 48.7%
Net result€1.4m-€0.6m▼ 57.7%€0.5m▼ 23.5%€0.4m▼ 4.9%€0.2m▼ 53.8%
EBIT margin-20.9%-57.1%▲ 78.0pp
Equity€3.0m-€3.6m▲ 19.7%€4.0m▲ 12.6%€4.5m▲ 10.6%€4.7m▲ 4.4%
Total assets€7.1m-€5.9m▼ 16.1%€7.3m▲ 24.1%€7.3m=€7.3m=
Debt€4.0m-€2.3m▼ 41.3%€3.3m▲ 41.7%€2.9m▼ 13.1%€2.7m▼ 6.9%
Working capital-€1.5m-€0.7m€0.2m▼ 71.0%€0.1m▼ 38.9%-€0.2m
Staff (FTE)2.6-2.7▲ 3.8%0.3▼ 88.9%
Why a figure moved sharply
- 2011 Turnover -55%, Net result -58% on 2010. The previous financial year ran 23 months, this one 12.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Assets €7.3m
Fixed assets
€5.6m =
Current assets
€1.7m ▲ 0.1%
Equity and liabilities €7.3m
Equity
€4.7m ▲ 4.4%
Debt
€2.7m ▼ 6.9%
Debt's share of the balance-sheet total falls from 39.1% to 36.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.90▼
2013 · 1.08
Debt to equity
0.16▼
2013 · 0.28
ROE
4.3%▼
2013 · 9.6%
ROA
2.7%▼
2013 · 5.9%
Debt ≤ 1 year
€1.9m▲
2013 · €1.6m
Debt > 1 year
€756,140▼
2013 · €1.3m
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €0.5m | €0.2m | - | - | - | - |
| Operating profit (loss)9901 | -€0.1m | €0.1m | -€0.02m | -€0.008m | -€0.004m | ▲ 48.7% |
| Recurring financial income75 | €1.5m | €0.6m | €0.6m | €0.5m | €0.3m | ▼ 47.0% |
| Recurring financial charges65 | €0.7m | €0.2m | €0.09m | €0.05m | €0.06m | ▲ 5.2% |
| Debt charges650 | €0.4m | €0.1m | €0.08m | €0.05m | €0.05m | ▲ 2.5% |
| Profit (loss) for the period before taxes9903 | €1.4m | €0.6m | €0.5m | €0.4m | €0.2m | ▼ 53.8% |
| Income taxes67/77 | €0.03m | €0.001m | €0.001m | - | - | - |
| Profit (loss) for the period9904 | €1.4m | €0.6m | €0.5m | €0.4m | €0.2m | ▼ 53.8% |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €0.6m | €0.5m | €0.4m | €0.2m | ▼ 53.8% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.1m | €5.9m | €7.3m | €7.3m | €7.3m | = |
| Fixed assets21/28 | €4.7m | €4.7m | €5.6m | €5.6m | €5.6m | = |
| Financial fixed assets28 | €4.7m | €4.7m | €5.6m | €5.6m | €5.6m | = |
| Current assets29/58 | €2.4m | €1.2m | €1.7m | €1.7m | €1.7m | ▲ 0.1% |
| Amounts receivable within one year40/41 | €1.1m | €1.2m | €1.7m | €1.7m | €1.7m | ▲ 0.2% |
| Current investments50/53 | €1.3m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.01m | €0.006m | €0.004m | €0.001m | €0 | ▼ 100.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.1m | €5.9m | €7.3m | €7.3m | €7.3m | = |
| Equity10/15 | €3.0m | €3.6m | €4.0m | €4.5m | €4.7m | ▲ 4.4% |
| Contributions10/11 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | €3.0m | €3.6m | €4.0m | €4.4m | €4.6m | ▲ 4.5% |
| Provisions and deferred taxes16 | €0.09m | - | - | - | - | - |
| Amounts payable17/49 | €4.0m | €2.3m | €3.3m | €2.9m | €2.7m | ▼ 6.9% |
| Amounts payable after more than one year17 | - | €1.8m | €1.8m | €1.3m | €0.8m | ▼ 40.0% |
| Amounts payable within one year42/48 | €3.9m | €0.5m | €1.5m | €1.6m | €1.9m | ▲ 19.3% |
| Trade debts44 | €0.003m | €0.002m | €0.003m | €0.001m | €0.001m | ▲ 36.5% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €0.6m | €0.5m | €0.4m | €0.2m | ▼ 53.8% |
| Operating cash flow (approximation) | €1.4m | €0.6m | €0.5m | €0.4m | €0.2m | ▼ 53.8% |
| Investment in fixed assets (approximation) | - | €0 | -€0.9m | €0 | €0 | - |
| Change in cash | - | -€0.007m | -€0.002m | -€0.002m | -€0.001m | ▲ 33.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-11-2014 | full format | 13-08-2015 | 2015-42100178 |
| 30-11-2013 | full format | 29-08-2014 | 2014-57700479 |
| 30-11-2012 | full format | 05-08-2013 | 2013-40300496 |
| 30-11-2011 | full format | 18-06-2012 | 2012-18600142 |
| 30-11-2010 | full format | 19-05-2011 | 2011-12800126 |
| 31-12-2008 | abbreviated format | 01-07-2009 | 2009-37000362 |
| 31-12-2007 | abbreviated format | 15-07-2008 | 2008-42300153 |
| 31-12-2006 | abbreviated format | 22-06-2007 | 2007-27800110 |
| 31-12-2005 | abbreviated format | 27-04-2006 | 2006-12501374 |
| 31-12-2004 | abbreviated format | 28-04-2005 | 2005-13405025 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.