SAGAMGRAPHIC

Inactive

KBO/BCE: BE 0440.317.840

No longer registered with the KBO; last annual accounts for fiscal year 2016.

Watch Print / PDF

Signals

Three signals. The signal on the left, the evidence on the right.

○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 · 10 filings

Position against the passed deadline

31-12-2017 close31-07-2018 deadline13-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 21-06-2017, 40 days ahead of the deadline.

NBB · 10 filings

Deviation 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 →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2016, full schema

Turnover

€24.58M▼ 11.9%

2015 · €27.92M

2012: €28.34M 2013: €28.49M 2014: €27.65M 2015: €27.92M

2012 → 2016

EBIT margin

-0.2%=

2015 · -0.2%

2012: 2.0% 2013: 2.3% 2014: 1.0% 2015: -0.2%

2012 → 2016

Net result

€24k▲ 128%

2015 · €10k

2012: €554k 2013: €517k 2014: €210k 2015: €10k

2012 → 2016

Working capital

€5.95M▼ 3.2%

2015 · €6.15M

2012: €5.56M 2013: €5.49M 2014: €6.11M 2015: €6.15M

2012 → 2016

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20122013201420152016Trend

Turnover€28.34M-€28.49M▲ 0.5%€27.65M▼ 2.9%€27.92M▲ 1.0%€24.58M▼ 11.9%

Equity€5.25M-€5.77M▲ 9.8%€5.98M▲ 3.6%€5.99M▲ 0.2%€6.02M▲ 0.4%

Operating result€567k-€667k▲ 17.6%€267k▼ 59.9%€-61k€-57k▲ 6.2%

Net result€554k-€517k▼ 6.6%€210k▼ 59.5%€10k▼ 95.0%€24k▲ 128%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €57k in 2016 against €61k in 2015; the loss shrinks.

Balance-sheet composition

2016 in colour, 2015 as the grey bar beneath

Assets €14.11M

95.8%

Fixed assets €592k▼ 35.2%

Current assets €13.52M▼ 4.7%

Equity and liabilities €14.11M

42.6%

57.4%

Equity €6.02M▲ 0.4%

Provisions €2k▼ 75.9%

Debt €8.10M▼ 11.1%

The debt ratio falls from 60.3% to 57.4%: equity grows while debt is paid down.

Key figures and ratios

2016 value · change against 2015

EBITDA

€291k▼

2015 · €368k

Cash flow

€372k▼

2015 · €440k

Solvency

42.6%▲

2015 · 39.7%

Current ratio

1.79▲

2015 · 1.76

Quick ratio

1.30▲

2015 · 1.19

Debt / equity

0.01▼

2015 · 0.07

ROE

0.4%▲

2015 · 0.2%

ROA

0.2%▲

2015 · 0.1%

Interest coverage

3.41▼

2015 · 8.42

Debt

€8.10M▼

2015 · €9.11M

Debt ≤ 1 year

€7.57M▼

2015 · €8.04M

Debt > 1 year

€73k▼

2015 · €399k

Income taxes

€3k▼

2015 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2016 against 2015

Balance sheet Code20152016

Assets

Total assets20/58€15.11M€14.11M▼

Fixed assets21/28€913k€592k▼

Intangible fixed assets21€632k€375k▼

Tangible fixed assets22/27€271k€207k▼

Financial fixed assets28€10k€10k=

Current assets29/58€14.19M€13.52M▼

Stocks and contracts in progress3€4.63M€3.65M▼

Amounts receivable within one year40/41€9.31M€9.42M▲

Cash at bank and in hand54/58€200k€391k▲

Equity and liabilities

Total equity and liabilities10/49€15.11M€14.11M▼

Equity10/15€5.99M€6.02M▲

Contributions10/11€3.22M€3.22M=

Reserves13€2.03M€2.03M=

Profit (loss) carried forward14€737k€761k▲

Provisions and deferred taxes16€8k€2k▼

Amounts payable17/49€9.11M€8.10M▼

Amounts payable after more than one year17€399k€73k▼

Amounts payable within one year42/48€8.04M€7.57M▼

Trade debts44€3.12M€3.43M▲

Income statement Code20152016

Turnover70€27.92M€24.58M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€429k€349k▼

Operating profit (loss)9901€-61k€-57k▲

Recurring financial income75€415k€357k▼

Recurring financial charges65€358k€272k▼

Debt charges650€44k€85k▲

Profit (loss) for the period before taxes9903€14k€27k▲

Income taxes67/77€3k€3k▼

Profit (loss) for the period9904€10k€24k▲

Profit (loss) for the period to be appropriated9905€10k€24k▲

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 1Gazette 1Filings 10

2017

21-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

13-04

State Gazette act Merger · Accounting effect

Corporate purpose · Permanent representative

2016

11-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

31-12

Financial Weakest financial yearnet €10k ▼95%

Net result drops to €10k, the lowest in the series.

17-07

NBB filing Annual accounts filed

fiscal year 2014 · full schema

2014

20-06

NBB filing Annual accounts filed

fiscal year 2013 · full schema

2013

24-06

NBB filing Annual accounts filed

fiscal year 2012 · full schema

2012

22-06

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

13-05

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

31-05

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2009

08-06

NBB filing Annual accounts filed

fiscal year 2008 · full schema

2008

28-07

NBB filing Annual accounts filed

fiscal year 2007 · full schema · 28 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 directors, no change since 2015

Dirk Martens

Director · since 10-11-2015

Not recently confirmed

BVBA 'MinDShift'

Managing director · since 16-07-2015 · Legal entity

Not recently confirmed

BVBA 'RACE'

Managing director · since 16-07-2015 · Legal entity

Not recently confirmed

10-11-2015 Dirk Martens: Appointed as Director

10-11-2015 Dirk Martens: Appointed as Managing director

10-11-2015 Rudi Mussche: Resigned as Director

10-11-2015 Rudi Mussche: Resigned as Managing director

16-07-2015 BVBA 'MinDShift': Appointed as Managing director

16-07-2015 BVBA 'MinDShift': Appointed as Voorzitter van de raad van bestuur

16-07-2015 BVBA 'RACE': Appointed as Managing director

Location & real-estate footprint

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Statutory auditor

1 auditor

Mevrouw Veerle CATRY

Statutory auditor

16-07-2015 → 16-07-2015

Structure & network

Acquisitions and mergers

1 transaction

Taken over by:IGEPA BELUX

BE 0416.723.381proposal · State Gazette act of 13-04-2017