RELAB
InactiveInactive; last annual accounts for fiscal year 2016.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 08-06-2017, 53 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2016, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-60k
2015 · €97k
Working capital
€83k▼ 41.2%
2015 · €142k
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
Line201420152016
Operating result€-7k-€74k€-83k
Net result€11k-€97k▲ 778%€-60k
Equity€56k-€158k▲ 180%€73k▼ 54.1%
Total assets€253k-€383k▲ 51.1%€150k▼ 60.8%
Debt€177k-€225k▲ 27.0%€77k▼ 65.5%
Working capital€108k-€142k▲ 31.8%€83k▼ 41.2%
Staff (FTE)4.6-5.6▲ 21.7%1.7▼ 69.6%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2016: a loss of €83k after €74k in 2015, the lowest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €150k
Fixed assets
€55k ▼ 7.0%
Current assets
€95k ▼ 70.6%
Equity and liabilities €150k
Equity
€73k ▼ 54.1%
Debt
€77k ▼ 65.5%
Debt's share of the balance-sheet total falls from 58.7% to 51.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-46k▼
2015 · €108k
Cash flow
€-23k▼
2015 · €131k
Current ratio
7.97▲
2015 · 1.78
Debt to equity
0.21▲
2015 · 0.01
ROE
-82.5%▼
2015 · 61.2%
ROA
-39.9%▼
2015 · 25.3%
Debt ≤ 1 year
€12k▼
2015 · €182k
Debt > 1 year
€15k▲
2015 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €34k | €37k | ▲ 7.7% |
| Gross operating margin9900 | €118k | €291k | €19k | ▼ 93.5% |
| Operating profit (loss)9901 | €-7k | €74k | €-83k | ▼ 212% |
| Recurring financial income75 | €19k | €26k | €26k | ▼ 1.9% |
| Recurring financial charges65 | €1k | €3k | €2k | ▼ 30.6% |
| Profit (loss) for the period before taxes9903 | €11k | €98k | €-59k | ▼ 160% |
| Profit (loss) for the period9904 | €11k | €97k | €-60k | ▼ 162% |
| Profit (loss) for the period to be appropriated9905 | €11k | €97k | €-60k | ▼ 162% |
| Line | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €253k | €383k | €150k | ▼ 60.8% |
| Fixed assets21/28 | €56k | €59k | €55k | ▼ 7.0% |
| Tangible fixed assets22/27 | €56k | €58k | €54k | ▼ 7.0% |
| Financial fixed assets28 | - | €260 | €260 | = |
| Current assets29/58 | €198k | €324k | €95k | ▼ 70.6% |
| Amounts receivable within one year40/41 | €50k | €180k | €11k | ▼ 93.9% |
| Cash at bank and in hand54/58 | €147k | €144k | €85k | ▼ 41.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €253k | €383k | €150k | ▼ 60.8% |
| Equity10/15 | €56k | €158k | €73k | ▼ 54.1% |
| Profit (loss) carried forward14 | €18k | €115k | €55k | ▼ 52.2% |
| Provisions and deferred taxes16 | €20k | €0 | - | - |
| Amounts payable17/49 | €177k | €225k | €77k | ▼ 65.5% |
| Amounts payable after more than one year17 | €37k | €2k | €15k | ▲ 794% |
| Amounts payable within one year42/48 | €90k | €182k | €12k | ▼ 93.4% |
| Trade debts44 | €49k | €31k | €7k | ▼ 77.2% |
| Line | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €97k | €-60k | ▼ 162% |
| + Depreciation and write-downs630 | €22k | €34k | €37k | ▲ 7.7% |
| Operating cash flow (approximation) | €33k | €131k | €-23k | ▼ 117% |
| Investment in fixed assets (approximation) | - | €-37k | €-33k | ▲ 11.5% |
| Change in cash | - | €-3k | €-60k | ▼ 1,975% |
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
2019
18-04
State Gazette act
General meeting · Merger
Accounting effect · Purpose change
2017
27-11
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-12
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 7.97
Current ratio from 1.78 to 7.97; short-term debt falls from €182k to €12k.
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 days late
2015
31-12
Financial
Highest result since 2014net €97k ▲778%
Operating result €74k, net result €97k, both a record.
31-12
Financial
Equity above €150kEq €158k ▲180%
2 profitable years in a row build equity to €158k.
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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