RINAR
Open bankruptcyFinancials · financial year 2017, abbreviated format
2017 annual accounts filed late (100 days) Filed on 8 August 2018, deadline 30 April 2018 (7 months after the close on 30 September 2017, Companies Code art. 3:10). Source: NBB, 2018-44300562.
Turnover
€2.3m▲ 91.1%
2016 · €1.2m
EBIT margin
0.7%▼ 3.2pp
2016 · 3.9%
Net result
€838▼ 97.6%
2016 · €34,311
Working capital
€23,654▼ 74.7%
2016 · €93,335
Trend over the years
2013 to 2017, 5 financial years
The operating result falls in 2017; 2017 is 66% below 2016 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.3m
2017
Operating result€0.02m
2017
Net result€0.001m
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.3m
2017
Equity€0.1m
2017
Debt€1.2m
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.02m
2017
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.7%
2017
Average staff in full-time equivalents (FTE).
Staff (FTE)18.8
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Turnover€0.5m-€0.4m▼ 28.6%€0.8m▲ 108%€1.2m▲ 45.9%€2.3m▲ 91.1%
Operating result€0.02m-€0.02m▼ 15.4%€0.02m▲ 20.5%€0.05m▲ 91.8%€0.02m▼ 66.3%
Net result€0.02m-€0.02m▼ 9.2%€0.02m▲ 6.3%€0.03m▲ 108%€0.001m▼ 97.6%
EBIT margin4.4%-5.2%▲ 0.8pp3.0%▼ 2.2pp3.9%▲ 0.9pp0.7%▼ 3.2pp
Equity€0.03m-€0.04m▲ 52.6%€0.06m▲ 36.6%€0.1m▲ 55.8%€0.1m▲ 0.9%
Total assets€0.09m-€0.1m▲ 33.4%€0.3m▲ 144%€0.4m▲ 46.8%€1.3m▲ 202%
Debt€0.06m-€0.08m▲ 24.1%€0.2m▲ 208%€0.3m▲ 44.4%€1.2m▲ 260%
Working capital€0.02m-€0.04m▲ 64.1%€0.04m▲ 8.1%€0.09m▲ 142%€0.02m▼ 74.7%
Staff (FTE)1-1.6▲ 60.0%0.6▼ 62.5%10▲ 17×18.8▲ 88.0%
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €1.3m
Fixed assets
€348,706 ▲ 16×
Current assets
€948,886 ▲ 133%
Equity and liabilities €1.3m
Equity
€96,608 ▲ 0.9%
Debt
€1.2m ▲ 260%
Debt's share of the balance-sheet total rises from 77.7% to 92.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€109,735▲
2016 · €50,946
Cash flow
€94,896▲
2016 · €38,714
Current ratio
1.03▼
2016 · 1.30
Debt to equity
2.85▲
2016 · 0.20
ROE
0.9%▼
2016 · 35.8%
ROA
0.1%▼
2016 · 8.0%
Debt ≤ 1 year
€925,233▲
2016 · €313,994
Debt > 1 year
€275,752▲
2016 · €19,469
Income taxes
€9,377▼
2016 · €9,691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0.5m | €0.4m | €0.8m | €1.2m | €2.3m | ▲ 91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.002m | €279 | €0.004m | €0.004m | €0.09m | ▲ 21× |
| Gross operating margin9900 | €0.06m | €0.08m | €0.2m | €0.4m | €0.8m | ▲ 86.8% |
| Operating profit (loss)9901 | €0.02m | €0.02m | €0.02m | €0.05m | €0.02m | ▼ 66.3% |
| Recurring financial income75 | €0.001m | €0.002m | €0.004m | €0.006m | €0.01m | ▲ 132% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.003m | €0.008m | €0.02m | ▲ 123% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.02m | €0.03m | €0.04m | €0.01m | ▼ 76.8% |
| Income taxes67/77 | €0.006m | €0.005m | €0.009m | €0.01m | €0.009m | ▼ 3.2% |
| Profit (loss) for the period9904 | €0.02m | €0.02m | €0.02m | €0.03m | €0.001m | ▼ 97.6% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.02m | €0.02m | €0.03m | €0.001m | ▼ 97.6% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.09m | €0.1m | €0.3m | €0.4m | €1.3m | ▲ 202% |
| Fixed assets21/28 | €0.009m | €0.009m | €0.02m | €0.02m | €0.3m | ▲ 16× |
| Tangible fixed assets22/27 | €208 | €259 | €0.009m | €0.006m | €0.3m | ▲ 56× |
| Financial fixed assets28 | €0.009m | €0.009m | €0.01m | €0.02m | €0.02m | ▲ 6.3% |
| Current assets29/58 | €0.08m | €0.1m | €0.3m | €0.4m | €0.9m | ▲ 133% |
| Amounts receivable within one year40/41 | €0.07m | €0.1m | €0.2m | €0.3m | €0.9m | ▲ 176% |
| Cash at bank and in hand54/58 | €0.004m | €0.009m | €0.06m | €0.06m | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.09m | €0.1m | €0.3m | €0.4m | €1.3m | ▲ 202% |
| Equity10/15 | €0.03m | €0.04m | €0.06m | €0.1m | €0.1m | ▲ 0.9% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.02m | €0.03m | €0.05m | €0.08m | €0.08m | ▲ 1.0% |
| Amounts payable17/49 | €0.06m | €0.08m | €0.2m | €0.3m | €1.2m | ▲ 260% |
| Amounts payable after more than one year17 | - | - | - | €0.02m | €0.3m | ▲ 14× |
| Amounts payable within one year42/48 | €0.06m | €0.08m | €0.2m | €0.3m | €0.9m | ▲ 195% |
| Trade debts44 | €0.05m | €0.04m | €0.1m | €0.2m | €0.7m | ▲ 280% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,072 | €15,508 | €16,479 | €34,311 | €838 | ▼ 97.6% |
| + Depreciation and write-downs630 | €1,601 | €279 | €3,878 | €4,403 | €94,058 | ▲ 21× |
| Operating cash flow (approximation) | €18,673 | €15,786 | €20,356 | €38,714 | €94,896 | ▲ 145% |
| Investment in fixed assets (approximation) | - | -€330 | -€17,475 | -€3,450 | -€420,861 | ▼ 12,099% |
| Change in cash | - | €4,382 | €47,097 | €2,485 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2017 | abbreviated format | 08-08-2018 | 2018-44300562 |
| 30-09-2016 | abbreviated format | 10-05-2017 | 2017-11800263 |
| 30-09-2015 | abbreviated format | 22-04-2016 | 2016-10500198 |
| 30-09-2014 | abbreviated format | 31-03-2015 | 2015-08900546 |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-11500254 |
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Of the 12,357 active companies whose main activity is freight transport by road (NACE 49410), figures are known for 8,285. 6,402 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.