RELEC
InactiveInactive; last annual accounts for fiscal year 2017.
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 31-03-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-03-2018 close31-10-2018 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2017 was due by 31-10-2017 and was filed on 28-08-2017, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
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 2017, abbreviated schema
Equity
€3.65M▲ 1.0%
2016 · €3.61M
2013: €2.08M
2014: €2.13M
2015: €3.56M
2016: €3.61M
2013 → 2017
Total assets
€4.81M▼ 0.3%
2016 · €4.83M
2013: €3.46M
2014: €3.20M
2015: €4.78M
2016: €4.83M
2013 → 2017
Net result
€35k▼ 37.9%
2016 · €56k
2013: €319k
2014: €294k
2015: €1.43M
2016: €56k
2013 → 2017
Working capital
€252k▲ 2.0%
2016 · €247k
2013: €-833k
2014: €-792k
2015: €230k
2016: €247k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Equity€2.08M-€2.13M▲ 2.1%€3.56M▲ 67.3%€3.61M▲ 1.6%€3.65M▲ 1.0%
Operating result€85k-€17k▼ 80.6%€-59k€54k€35k▼ 36.0%
Net result€319k-€294k▼ 7.8%€1.43M▲ 387%€56k▼ 96.1%€35k▼ 37.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2017; 2017 is 36% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €4.81M
Fixed assets
€3.43M ▲ 0.7%
Current assets
€1.39M ▼ 2.6%
Equity and liabilities €4.81M
Equity
€3.65M ▲ 1.0%
Debt
€1.17M ▼ 4.0%
Debt's share of the balance-sheet total falls from 25.1% to 24.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▼
2016 · €63k
Cash flow
€41k▼
2016 · €65k
Current ratio
1.22▲
2016 · 1.21
ROE
1.0%▼
2016 · 1.5%
ROA
0.7%▼
2016 · 1.2%
Debt ≤ 1 year
€1.14M▼
2016 · €1.18M
Income taxes
€24k▲
2016 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2017 against 2016 · 24 lines
Balance sheet
Code20162017
Assets
Total assets20/58€4.83M€4.81M▼
Fixed assets21/28€3.40M€3.43M▲
Tangible fixed assets22/27€147k€143k▼
Financial fixed assets28€3.26M€3.28M▲
Current assets29/58€1.43M€1.39M▼
Amounts receivable within one year40/41€1.35M€1.33M▼
Cash at bank and in hand54/58€61k€40k▼
Equity and liabilities
Total equity and liabilities10/49€4.83M€4.81M▼
Equity10/15€3.61M€3.65M▲
Contributions10/11€19k€19k=
Reserves13€3.59M€3.63M▲
Profit (loss) carried forward14€3k€3k▼
Amounts payable17/49€1.21M€1.17M▼
Amounts payable within one year42/48€1.18M€1.14M▼
Trade debts44€18k€7k▼
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€6k▼
Gross operating margin9900€119k€98k▼
Operating profit (loss)9901€54k€35k▼
Recurring financial income75€62k€63k▲
Recurring financial charges65€43k€39k▼
Profit (loss) for the period before taxes9903€73k€59k▼
Income taxes67/77€17k€24k▲
Profit (loss) for the period9904€56k€35k▼
Profit (loss) for the period to be appropriated9905€56k€35k▼
Timeline · acts, filings and financial milestones
2018
23-05
State Gazette act
Merger · Capital
Share issue · Share cancellation
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
31-03
Financial
Weakest financial yearnet €35k ▼37.9%
Net result drops to €35k, the lowest in the series.
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
31-03
Financial
Highest result since 2013net €1.43M ▲387%
Net result €1.43M, the highest in the series.
31-03
Financial
Liquidity times 5current ratio 1.20
Current ratio from 0.26 to 1.20.
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
10-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
01-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2011
09-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2010
29-04
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2009
17-09
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2008
03-10
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:BVBA DSG BELGIUM