SMARTPHOTO
InactiveInactive; last annual accounts for fiscal year 2017.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2017 was due by 31-01-2018 and was filed on 17-05-2018, 106 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 · 10 filingsDeviation from the deadline
2017
106 d late
2016
27 d early
2015
65 d early
2014
63 d early
2013
72 d early
2012
37 d early
2011
60 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, full schema
Turnover
€8.42M▼ 55.1%
2016 · €18.74M
2013: €11.80M
2014: €14.62M
2015: €16.06M
2016: €18.74M
2013 → 2017
EBIT margin
11.6%▲ 2.0pp
2016 · 9.6%
2013: 7.3%
2014: 5.4%
2015: 6.9%
2016: 9.6%
2013 → 2017
Net result
€671k
2016 · €-1.81M
2013: €-639k
2014: €-440k
2015: €-151k
2016: €-1.81M
2013 → 2017
Working capital
€1.19M▼ 90.2%
2016 · €12.18M
2013: €38k
2014: €-1.73M
2015: €-1.94M
2016: €12.18M
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Turnover€11.80M-€14.62M▲ 23.9%€16.06M▲ 9.9%€18.74M▲ 16.6%€8.42M▼ 55.1%
Equity€3.41M-€2.97M▼ 12.9%€2.82M▼ 5.1%€1.01M▼ 64.2%€1.68M▲ 66.5%
Operating result€863k-€794k▼ 8.0%€1.10M▲ 38.7%€1.80M▲ 63.3%€978k▼ 45.6%
Net result€-639k-€-440k▲ 31.1%€-151k▲ 65.6%€-1.81M▼ 1,099%€671k
Result per fiscal year
Operating resultNet result
The operating result falls in 2017; 2017 is 46% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €16.33M
Fixed assets
€13.05M ▲ 860%
Current assets
€3.28M ▼ 81.3%
Equity and liabilities €16.33M
Equity
€1.68M ▲ 66.5%
Debt
€14.65M ▼ 18.2%
Debt's share of the balance-sheet total falls from 94.7% to 89.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.22M▼
2016 · €2.25M
Cash flow
€911k▲
2016 · €-1.36M
Current ratio
1.57▼
2016 · 3.26
Debt to equity
7.44▼
2016 · 12.38
ROE
39.9%▲
2016 · -179.4%
ROA
4.1%▲
2016 · -9.6%
Interest coverage
4.11▲
2016 · 1.91
Debt ≤ 1 year
€2.09M▼
2016 · €5.38M
Debt > 1 year
€12.50M=
2016 · €12.50M
Income taxes
€-17
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 · 2017 against 2016 · 27 lines
Balance sheet
Code20162017
Assets
Total assets20/58€18.92M€16.33M▼
Fixed assets21/28€1.36M€13.05M▲
Intangible fixed assets21€1.35M€1.27M▼
Tangible fixed assets22/27€10k€8k▼
Financial fixed assets28€178€11.77M▲
Current assets29/58€17.56M€3.28M▼
Amounts receivable within one year40/41€17.43M€3.17M▼
Cash at bank and in hand54/58€126k€82k▼
Equity and liabilities
Total equity and liabilities10/49€18.92M€16.33M▼
Equity10/15€1.01M€1.68M▲
Contributions10/11€499k€499k=
Reserves13€50k€50k=
Profit (loss) carried forward14€461k€1.13M▲
Amounts payable17/49€17.91M€14.65M▼
Amounts payable after more than one year17€12.50M€12.50M=
Amounts payable within one year42/48€5.38M€2.09M▼
Trade debts44€4.71M€1.35M▼
Income statement
Code20162017
Turnover70€18.74M€8.42M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€451k€240k▼
Operating profit (loss)9901€1.80M€978k▼
Recurring financial income75€9k€12k▲
Recurring financial charges65€1.23M€319k▼
Debt charges650€1.18M€296k▼
Profit (loss) for the period before taxes9903€-1.81M€671k▲
Income taxes67/77-€-17
Profit (loss) for the period9904€-1.81M€671k▲
Profit (loss) for the period to be appropriated9905€-1.81M€671k▲
Timeline · acts, filings and financial milestones
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 106 days late
2017
06-12
State Gazette act
General meeting · Merger
Accounting effect · Real estate
09-10
State Gazette act
Merger · Accounting effect
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
30-06
Financial
Back to profitnet €671k
Net result €671k after 4 loss-making years.
2016
31-12
Financial
Weakest financial yearnet €-1.81M
Net result drops to €-1.81M, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 3.26
Current ratio from 0.58 to 3.26.
27-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
20-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
24-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
01-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Show earlier events
2011
30-05
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
28-05
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
05-06
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 transactionTaken over by:SMARTPHOTO GROUP