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Inactive

KBO/BCE: BE 0897.436.179

Inactive; last annual accounts for fiscal year 2014.

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Signals

1 signal. The signal on the left, the evidence on the right.

+raises risk

Filed more than 90 days late

The financial year that closed on 30-06-2014 was due by 31-01-2015 and was filed on 21-05-2015, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 7 filings

Deviation from the deadline

2014

110 d late

2013

66 d early

2012

33 d early

2011

35 d early

2010

66 d early

2009

38 d early

2008

15 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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 2014, full schema

Turnover

€1.74M▼ 83.5%

2013 · €10.58M

2010: €6.00M 2011: €6.00M 2012: €6.11M 2013: €10.58M

2010 → 2014

EBIT margin

27.8%▲ 19.8pp

2013 · 8.0%

2010: 3.4% 2011: 10.6% 2012: 12.8% 2013: 8.0%

2010 → 2014

Net result

€225k▼ 33.1%

2013 · €337k

2010: €79k 2011: €68k 2012: €55k 2013: €337k

2010 → 2014

Working capital

€38.69M▲ 0.6%

2013 · €38.47M

2010: €12.44M 2011: €38.40M 2012: €44.59M 2013: €38.47M

2010 → 2014

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20102011201220132014Trend

Turnover€6.00M-€6.00M=€6.11M▲ 1.8%€10.58M▲ 73.2%€1.74M▼ 83.5%

Equity€1.98M-€5.85M▲ 195%€7.43M▲ 27.0%€7.76M▲ 4.5%€7.99M▲ 2.9%

Operating result€204k-€635k▲ 212%€781k▲ 23.0%€846k▲ 8.4%€484k▼ 42.8%

Net result€79k-€68k▼ 14.6%€55k▼ 18.8%€337k▲ 513%€225k▼ 33.1%

Result per fiscal year

Operating resultNet result

The operating result falls in 2014; 2014 is 43% below 2013.

Balance-sheet composition

2014 in colour, 2013 as the grey bar beneath

Equity and liabilities €40.69M

19.6%

80.4%

Equity €7.99M ▲ 2.9%

Debt €32.70M ▲ 5.2%

Debt's share of the balance-sheet total rises from 80.0% to 80.4%. Equity and debt are higher.

Key figures and ratios

2014 value · change against 2013

Current ratio

20.39

Quick ratio

3.16▼

2013 · 10.74

Debt to equity

3.82▼

2013 · 3.93

ROE

2.8%▼

2013 · 4.3%

ROA

0.6%▼

2013 · 0.9%

Debt ≤ 1 year

€2.00M▲

2013 · €379k

Debt > 1 year

€30.53M=

2013 · €30.53M

Income taxes

€63k▲

2013 · €52k

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 · 2014 against 2013 · 22 lines

Balance sheet Code20132014

Assets

Total assets20/58€38.85M€40.69M▲

Current assets29/58€38.85M€40.69M▲

Stocks and contracts in progress3€34.78M€34.39M▼

Amounts receivable within one year40/41€4.07M€6.27M▲

Equity and liabilities

Total equity and liabilities10/49€38.85M€40.69M▲

Equity10/15€7.76M€7.99M▲

Contributions10/11€7.23M€7.23M=

Reserves13€27k€38k▲

Profit (loss) carried forward14€512k€726k▲

Amounts payable17/49€31.08M€32.70M▲

Amounts payable after more than one year17€30.53M€30.53M=

Amounts payable within one year42/48€379k€2.00M▲

Trade debts44€367k€1.62M▲

Income statement Code20132014

Turnover70€10.58M€1.74M▼

Operating profit (loss)9901€846k€484k▼

Recurring financial income75€3k€2k▼

Recurring financial charges65€461k€197k▼

Debt charges650€443k€195k▼

Profit (loss) for the period before taxes9903€388k€289k▼

Income taxes67/77€52k€63k▲

Profit (loss) for the period9904€337k€225k▼

Profit (loss) for the period to be appropriated9905€337k€225k▼

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Timeline · acts, filings and financial milestones

All 15Financial 6Gazette 2Filings 7

2015

21-05

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 110 days late

2014

15-10

State Gazette act Merger · Accounting effect

Corporate purpose · Shareholding

15-10

State Gazette act Merger · Accounting effect

Power of attorney

26-05

NBB filing Annual accounts filed

fiscal year 2013 · full schema

2013

31-12

Financial Highest result since 2010net €337k ▲513%

Operating result €846k, net result €337k, both a record.

31-12

Financial Liquidity quadruplescurrent ratio 102.50

Current ratio from 23.29 to 102.50; short-term debt falls from €2.00M to €379k.

28-06

NBB filing Annual accounts filed

fiscal year 2012 · full schema

2012

31-12

Financial Weakest financial yearnet €55k ▼18.8%

Net result drops to €55k, the lowest in the series.

31-12

Financial Liquidity doublescurrent ratio 23.29

Current ratio from 10.56 to 23.29; short-term debt falls from €4.02M to €2.00M.

26-06

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

31-12

Financial Liquidity quadruplescurrent ratio 10.56

Current ratio from 2.37 to 10.56; short-term debt falls from €9.11M to €4.02M.

31-12

Financial Equity above €5MEq €5.85M ▲195%

2 profitable years in a row build equity to €5.85M.

Show earlier events

26-05

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

23-06

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2009

16-07

NBB filing Annual accounts filed

fiscal year 2008 · full schema

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

0 of 11 acts read

About the unread acts

We know of 11 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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Structure & network

Acquisitions and mergers

1 transaction

Taken over by:ELECTRABEL

BE 0403.170.701operation treated as a merger by absorption · proposal · State Gazette act of 15-10-2014 (2 acts)