SEPARATION

Inactive KBO/BCE: BE 0468.018.268

SEPARATION

Financial year 2017

Follow Report

Annual accounts 2017

full format, filed on 28-03-2018, 33 days before the deadline

€1.5m

▲ 43.9%

€394,828

▲ 350%

€850,563

▲ 64.8%

€714,719

▲ 51.8%

70.9%

▲ 17.1 percentage points

3.17

▲ 1.80

The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.5m. Estimated: probably between €1.7m and €4.2m.

Money flows

no detail for 2017

Balance sheet

balance sheet total €1.7m on 30-09-2017

What the company ownsHow it is paid for

in €m

in euro

Staff

€40,242

Staff costs divided by the average number of full-time equivalents.

+2 people

people who joined people who left

In 2017, 19 people joined and 17 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	1.7m	1.8m	2.1m	2.5m	3.2m	2.6m	2.3m	1.7m	1.6m	1.9m	1.7m	1.0m
`21/28`	881,578	1.2m	1.5m	1.9m	2.4m	1.4m	1.5m	1.3m	1.4m	1.5m	1.3m	699,626
`21`	23,542	2,041	5,728	11,456	17,184	-	-	-	336	672	1,009	1,345
`22/27`	829,837	1.1m	1.5m	1.9m	2.4m	1.4m	1.5m	1.2m	1.4m	1.5m	1.3m	688,825
`22`	634,465	676,872	719,205	765,113	814,568	862,572	919,979	981,089	1.1m	1.1m	991,276	275,476
`23`	114,368	33,807	26,962	54,541	60,756	87,866	43,305	41,537	68,501	219,951	116,020	151,346
`24`	46,067	59,434	46,253	10,235	19,182	22,336	33,321	40,010	50,239	50,456	53,358	39,064
`26`	-	-	-	1,958	3,917	6,209	8,500	-	-	-	-	-
`27`	-	-	-	-	-	-	135,000	-	-	-	-	-
`28`	28,200	28,200	28,979	28,979	28,979	28,979	6,494	3,394	11,862	11,862	8,568	9,456
`29/58`	835,833	635,225	619,968	562,908	756,668	1.2m	784,851	496,110	193,653	386,371	399,597	311,542
`3`	-	-	-	-	75,000	-	-	-	-	-	-	-
`30/36`	-	-	-	-	75,000	-	-	-	-	-	-	-
`40/41`	560,061	243,383	243,014	451,452	640,961	927,795	371,864	289,027	144,344	279,846	317,055	277,522
`40`	522,348	227,228	170,323	212,304	372,107	881,127	277,633	204,439	89,750	163,780	201,266	248,452
`41`	37,713	16,155	72,691	239,148	268,853	46,668	94,230	84,588	54,594	116,066	115,789	29,070
`54/58`	270,244	385,763	364,840	106,244	31,780	210,088	352,752	194,158	1,502	80,217	55,159	1,266
`490/1`	5,528	6,080	12,115	5,212	8,928	12,356	60,235	12,925	47,807	26,308	27,383	32,754
Balance sheet: equity and liabilities
`10/49`	1.7m	1.8m	2.1m	2.5m	3.2m	2.6m	2.3m	1.7m	1.6m	1.9m	1.7m	1.0m
`10/15`	1.2m	975,210	949,052	826,417	803,501	705,737	563,932	509,916	301,198	445,525	428,649	199,726
`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`100`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`13`	95,305	95,305	95,305	124,886	161,829	206,159	261,294	57,805	39,055	39,055	29,055	10,305
`130`	10,305	10,305	10,305	10,305	10,305	10,305	10,305	10,305	10,305	10,305	10,305	10,305
`132`	85,000	85,000	85,000	114,582	151,524	195,855	250,989	47,500	28,750	28,750	18,750	-
`14`	987,377	728,392	685,907	509,443	423,202	315,476	89,708	249,501	91,625	222,471	208,222	116,505
`15`	73,720	89,513	105,840	130,088	156,470	122,102	150,930	140,610	108,518	121,999	129,372	10,916
`16`	-	-	-	15,197	34,228	57,065	95,126	-	1,293	2,551	4,086	5,621
`168`	-	-	-	15,197	34,228	57,065	95,126	-	1,293	2,551	4,086	5,621
`17/49`	499,010	836,952	1.2m	1.7m	2.3m	1.8m	1.6m	1.2m	1.3m	1.5m	1.3m	805,821
`17`	227,208	364,179	632,064	1.0m	1.5m	912,874	970,929	912,230	1.1m	970,113	976,770	429,057
`170/4`	227,208	364,179	632,064	1.0m	1.5m	912,874	970,929	912,230	1.1m	970,113	976,770	429,057
`42/48`	263,894	463,981	517,348	621,562	886,714	788,479	421,299	306,032	260,255	458,126	266,668	358,363
`42`	132,985	318,128	398,271	434,822	417,452	206,311	260,604	161,871	182,617	152,933	144,880	140,826
`43`	-	-	-	-	200,000	200,000	300	-	8,826	207,280	-	137,721
`430/8`	-	-	-	-	200,000	200,000	300	-	8,826	207,280	-	137,721
`44`	62,512	49,448	16,741	53,594	125,460	166,772	19,418	14,860	9,750	25,797	60,450	35,288
`440/4`	62,512	49,448	16,741	53,594	125,460	166,772	19,418	14,860	9,750	25,797	60,450	35,288
`45`	68,396	96,405	102,336	130,547	123,802	209,925	140,854	124,094	42,266	69,639	45,885	44,528
`450/3`	9,576	18,841	30,532	8,066	7,599	92,961	85,862	32,204	4,606	11,766	11,723	1,781
`454/9`	58,820	77,564	71,804	122,481	116,203	116,964	54,992	91,890	37,660	57,873	34,162	42,747
`47/48`	-	-	-	2,599	20,000	5,470	123	5,207	16,796	2,477	15,453	-
`492/3`	7,908	8,791	8,632	8,493	1,453	112,907	203,521	21,229	18,975	22,930	19,400	18,401
Income statement
`70`	-	-	-	-	-	2.1m	-	-	-	-	-	-
`76A`	892	4,000	6,106	-	105,496	107,297	102,494	3,649	2,746	-	-	-
`9900`	1.5m	1.0m	1.5m	1.5m	1.2m	1.1m	976,030	802,156	411,221	591,886	540,887	505,542
`60/61`	-	-	-	-	-	1.1m	-	-	-	-	-	-
`62`	595,582	487,173	474,247	558,592	515,035	510,541	456,148	332,548	242,034	281,550	230,256	266,897
`630`	455,735	428,212	499,013	517,633	690,934	443,342	256,614	217,285	234,572	204,471	221,506	191,202
`631/4`	4,198	-264,320	255,024	9,296	-	-	1,296	-	-	-9,144	-6,848	15,992
`640/8`	17,235	280,741	23,094	13,736	8,075	29,626	8,347	7,310	6,905	13,070	4,533	4,168
`66A`	-	887	-	330,470	-	9,315	1,679	4,596	-	22,900	-	-
`9901`	394,828	87,777	274,546	441,658	-19,927	152,109	253,626	245,013	-72,290	101,939	91,440	27,283
`75/76B`	16,716	17,781	130,591	32,642	56,407	30,821	25,842	18,087	15,300	18,386	89,252	3,180
`75`	16,716	17,781	130,591	32,642	56,407	30,821	25,842	18,087	15,300	18,386	89,252	3,180
`65/66B`	25,748	58,060	105,821	89,777	101,072	70,252	61,808	59,945	76,481	70,046	60,117	30,675
`65`	25,748	58,060	105,821	89,777	101,072	70,252	61,808	59,945	76,481	70,046	60,117	30,675
`9903`	385,796	50,611	305,422	54,053	40,904	210,660	318,475	202,208	-130,725	27,379	120,575	-212
`67/77`	126,811	8,126	73,735	23,785	345	78,089	79,653	26,480	1,379	4,665	11,643	2,890
`9904`	258,985	42,485	246,883	49,299	63,395	170,633	143,696	176,626	-130,846	24,249	110,467	-1,567
`789`	-	-	29,582	36,942	44,331	73,885	-	-	-	-	-	-
`689`	-	-	-	-	-	18,750	203,489	18,750	-	10,000	18,750	-
`9905`	258,985	42,485	276,465	86,241	107,726	225,767	-59,793	157,876	-130,846	14,249	91,717	-1,567
Appropriation of the result
`9906`	987,377	728,392	785,907	509,443	423,202	315,476	189,708	249,501	91,625	222,471	208,222	116,505
`691/2`	-	-	-	-	-	-	100,000	-	-	-	-	-
`691`	-	-	-	-	-	-	100,000	-	-	-	-	-
`694/7`	-	-	100,000	-	-	-	-	-	-	-	-	-
`694`	-	-	100,000	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	14.8	9.7	10.7	11.5	11.4	10.2	8.7	7.1	5.9	6.6	5.1	5.6
Hours worked`1013`	23,054	15,047	15,410	18,485	17,733	17,489	14,648	11,877	7,507	8,784	7,484	10,127
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2017 (PDF), filed on 28-03-2018.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2017	full format	28-03-2018	2018-08200585	PDF
30-09-2016	full format	24-03-2017	2017-07200412	PDF
30-09-2015	full format	06-04-2016	2016-09600146	PDF
30-09-2014	full format	24-03-2015	2015-07100178	PDF
30-09-2013	full format	31-03-2014	2014-08200047	PDF
30-09-2012	full format	30-04-2013	2013-10500039	PDF
30-09-2011	full format	27-04-2012	2012-09600258	PDF
30-09-2010	full format	17-05-2011	2011-11300012	PDF
30-09-2009	full format	30-03-2010	2010-07700490	PDF
30-09-2008	full format	31-03-2009	2009-09400140	PDF
30-09-2007	full format	03-04-2008	2008-09400324	PDF
30-09-2006	full format	27-04-2007	2007-12600223	PDF
30-09-2005	full format	05-04-2006	2006-10405204	PDF
30-09-2004	full format	30-05-2005	2005-18303181	PDF
30-09-2003	full format	24-05-2004	2004-16703166	PDF
30-09-2002	full format	18-08-2003	2003-62302487	PDF
30-09-2001	full format	10-04-2002	2002-09602801	PDF
30-09-2000	full format	23-04-2001	2001-10401937	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
850,563	515,989	773,559	959,291	671,007	595,451	510,240	462,298	162,282	306,410	312,946	218,485
714,719	470,698	745,896	566,931	754,329	613,975	400,310	393,911	103,726	228,720	331,973	189,635
160,377	125,042	60,941	34,493	1.7m	560,614	483,210	40,502	421,818	444,690	826,344	322,889
-115,518	20,923	258,596	74,464	-178,308	-142,664	158,594	192,656	-78,715	25,058	53,893	-
571,939	171,244	102,620	-58,654	-130,046	361,761	363,552	190,078	-66,602	-71,755	132,929	-46,821
-	-	-	-	-	7.1%	-	-	-	-	-	-
70.9%	53.8%	45.0%	33.0%	25.2%	27.4%	25.0%	29.1%	18.3%	23.5%	25.3%	19.8%
3.17	1.37	1.20	0.91	0.85	1.46	1.86	1.62	0.74	0.84	1.50	0.87
3.17	1.37	1.20	0.91	0.77	1.46	1.86	1.62	0.74	0.84	1.50	0.87
0.41	0.86	1.22	2.01	2.92	2.57	2.83	2.43	4.45	3.26	2.95	4.03
21.3%	4.4%	26.0%	6.0%	7.9%	24.2%	25.5%	34.6%	-43.4%	5.4%	25.8%	-0.8%
15.1%	2.3%	11.7%	2.0%	2.0%	6.6%	6.4%	10.1%	-8.0%	1.3%	6.5%	-0.2%
-	-	-	-	-	150 days	-	-	-	-	-	-
-	-	-	-	-	53 days	-	-	-	-	-	-

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on SEPARATION

The operating result for 2017 is 4.5 times that of 2016 and the highest since 2014. It is a recovery after the fall in 2016.

Debt's share of the balance-sheet total falls from 46.2% to 29.1%. Equity is higher and debt is lower.