SIEBEN
Open bankruptcyFinancials · financial year 2014, full format
Annual accounts 2014 filed on 27-06-2014 PDF all 17 filings
Turnover
≈ €1.4m
Estimated: probably between €1.1m and €2.1m
EBIT margin
Not included in this filing
Net result
€30,582
2013 · -€590,647
Working capital
€215,507
2013 · -€10,024
Multi-year overview
2010 to 2014, 5 financial yearsOperating result
€49,952
2014
20102014
Net result
€30,582
2014
20102014
Equity
-€405,175
▲ 7.0%
2014
20102014
Total assets
€806,109
▲ 18.5%
2014
20102014
Debt
€1.2m
▲ 19.2%
2014
20102014
Working capital
€215,507
2014
20102014
Staff (FTE)
13.3
▲ 13.7%
2014
20102014
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20102011201220132014
Operating result€0.09m-€0.05m▼ 48.6%€0.04m▼ 5.0%-€0.6m€0.05m
Net result€0.04m-€0.03m▼ 25.3%€0.01m▼ 57.7%-€0.6m€0.03m
Equity€0.1m-€0.1m▲ 6.9%€0.2m▲ 8.7%-€0.4m-€0.4m▲ 7.0%
Total assets€1.1m-€0.7m▼ 35.0%€0.7m▼ 1.7%€0.7m▼ 1.6%€0.8m▲ 18.5%
Debt€0.8m-€0.5m▼ 45.7%€0.4m▼ 5.3%€1.0m▲ 133%€1.2m▲ 19.2%
Working capital€0.2m-€0.2m▼ 1.0%€0.2m▼ 7.4%-€0.01m€0.2m
Staff (FTE)13.3-13.9▲ 4.5%14▲ 0.7%11.7▼ 16.4%13.3▲ 13.7%
The operating result for 2014 is a profit of €49,952, after a loss of €583,293 in 2013.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Assets €806,109
Fixed assets
€42,589 ▼ 24.8%
Current assets
€763,520 ▲ 22.5%
Equity and liabilities
Equity-€405,175
Debt€1.2m
Equity is negative. Debt (€1.2m) exceeds the balance-sheet total (€806,109).
Key figures and ratios
EBITDA
€85,589▲
2013 · -€539,551
Cash flow
€66,219▲
2013 · -€546,905
Solvency
-50.3%▲
2013 · -64.1%
Current ratio
1.39▲
2013 · 0.98
ROA
3.8%▲
2013 · -86.8%
Debt ≤ 1 year
€548,013▼
2013 · €633,506
Debt > 1 year
€660,540▲
2013 · €382,390
Income taxes
€917▲
2013 · €354
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,259 | €15,163 | €43,341 | €43,742 | €35,637 | ▼ 18.5% |
| Gross operating margin9900 | €684,836 | €734,364 | €778,395 | -€42,484 | €655,128 | - |
| Operating profit (loss)9901 | €89,312 | €45,942 | €43,659 | -€583,293 | €49,952 | - |
| Recurring financial income75 | €4,104 | €7,080 | €6,178 | €4,203 | €3,803 | ▼ 9.5% |
| Recurring financial charges65 | €27,941 | €14,452 | €9,860 | €15,574 | €29,112 | ▲ 86.9% |
| Profit (loss) for the period before taxes9903 | €65,475 | €53,638 | €37,002 | -€590,293 | €31,499 | - |
| Income taxes67/77 | €26,479 | €24,490 | €24,662 | €354 | €917 | ▲ 159% |
| Profit (loss) for the period9904 | €38,996 | €29,148 | €12,340 | -€590,647 | €30,582 | - |
| Profit (loss) for the period to be appropriated9905 | €38,996 | €29,148 | €12,340 | -€590,647 | €30,582 | - |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 18.5% |
| Fixed assets21/28 | €0.03m | €0.03m | €0.1m | €0.06m | €0.04m | ▼ 24.8% |
| Tangible fixed assets22/27 | €0.03m | €0.03m | €0.1m | €0.06m | €0.04m | ▼ 24.8% |
| Financial fixed assets28 | €0.003m | - | - | - | - | - |
| Current assets29/58 | €1.1m | €0.7m | €0.6m | €0.6m | €0.8m | ▲ 22.5% |
| Stocks and contracts in progress3 | €0.5m | €0.1m | €0.1m | €0.1m | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.4m | €0.5m | €0.7m | ▲ 56.6% |
| Cash at bank and in hand54/58 | €0.06m | €0.001m | €0.002m | €256 | €0.001m | ▲ 118% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 18.5% |
| Equity10/15 | €0.1m | €0.1m | €0.2m | -€0.4m | -€0.4m | ▲ 7.0% |
| Contributions10/11 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | €0.02m | €0.03m | €0.04m | -€0.6m | -€0.5m | ▲ 5.5% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0.1m | - | - |
| Amounts payable17/49 | €0.8m | €0.5m | €0.4m | €1.0m | €1.2m | ▲ 19.2% |
| Amounts payable after more than one year17 | €0.01m | - | €0.07m | €0.4m | €0.7m | ▲ 72.7% |
| Amounts payable within one year42/48 | €0.8m | €0.5m | €0.4m | €0.6m | €0.5m | ▼ 13.5% |
| Trade debts44 | €0.3m | €0.3m | €0.1m | €0.4m | €0.2m | ▼ 43.4% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,996 | €29,148 | €12,340 | -€590,647 | €30,582 | - |
| + Depreciation and write-downs630 | €31,259 | €15,163 | €43,341 | €43,742 | €35,637 | ▼ 18.5% |
| Operating cash flow (approximation) | €70,255 | €44,311 | €55,681 | -€546,905 | €66,219 | - |
| Investment in fixed assets (approximation) | - | -€14,869 | -€138,384 | €23,047 | -€21,570 | - |
| Change in cash | - | -€57,409 | €89 | -€1,265 | €303 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2014 | full format | 27-06-2014 | 2014-24000355 | |
| 31-03-2013 | full format | 30-10-2013 | 2013-64800074 | |
| 31-03-2012 | full format | 03-10-2012 | 2012-60200245 | |
| 31-03-2011 | full format | 28-10-2011 | 2011-58900542 | |
| 31-03-2010 | full format | 21-09-2010 | 2010-54700189 | |
| 31-03-2009 | full format | 28-10-2009 | 2009-83000309 | |
| 31-03-2008 | full format | 26-11-2008 | 2008-82300036 | |
| 31-03-2007 | full format | 27-11-2007 | 2007-80800158 | |
| 31-03-2006 | full format | 24-10-2006 | 2006-84404776 | |
| 31-03-2005 | full format | 20-10-2005 | 2005-83003946 |