STASBEST (0809.505.877), Inactive: financials and annual accounts

Annual accounts 2015

full format, filed on 29-06-2016, 32 days before the deadline

Turnover

€33,665

▼ 96.8%

Operating result

€2,587

▼ 96.4%

EBITDA

€13,553

▼ 85.5%

Cash flow

€12,869

▼ 85.6%

Solvency

-75.6%

▼ 21.0 percentage points

Current ratio

0.33

▼ 0.07

Money flows

of every €100 of turnover, €5.65 remains as profit in 2015

Balance sheet

balance sheet total €86,049 on 31-12-2015

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Men and women

Not in that year's accounts.

Staff cost per FTE

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

Joined and left

Filed annual accounts

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

Line	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	86,049	122,500	483,862	420,973	234,014	196,716	389,436
Fixed assets`21/28`	35,730	46,696	36,851	54,676	74,379	111,606	119,647
Tangible fixed assets`22/27`	35,730	46,696	36,851	54,676	74,379	111,606	119,647
Plant, machinery and equipment`23`	35,730	46,687	23,954	28,413	32,873	37,332	29,384
Furniture and vehicles`24`	-	9	12,897	1,148	3,601	6,068	3,773
Current assets`29/58`	50,319	75,804	447,011	366,297	159,635	85,109	269,789
Stocks and contracts in progress`3`	-	-	-	13,701	15,542	15,542	27,180
Stocks`30/36`	-	-	-	13,701	15,542	15,542	21,880
Raw materials and consumables`30/31`	-	-	-	13,701	15,542	15,542	21,880
Contracts in progress`37`	-	-	-	-	-	-	5,300
Amounts receivable within one year`40/41`	48,176	32,112	410,761	349,082	112,359	58,201	211,686
Trade receivables`40`	47,646	29,588	397,851	333,737	100,163	50,622	211,686
Other amounts receivable`41`	530	2,525	12,910	15,345	12,196	7,579	-
Cash at bank and in hand`54/58`	1,761	43,310	25,943	2,817	30,594	3,633	30,776
Deferred charges and accrued income`490/1`	382	381	10,307	697	1,140	7,734	146
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	86,049	122,500	483,862	420,973	234,014	196,716	389,436
Equity`10/15`	-65,095	-66,998	-133,931	-215,873	-247,431	-305,034	-66,943
Contributions`10/11`	20,000	20,000	20,000	20,000	20,000	20,000	20,000
Issued capital`100`	20,000	20,000	20,000	20,000	20,000	20,000	20,000
Profit (loss) carried forward`14`	-85,095	-86,998	-153,931	-235,873	-267,431	-325,034	-86,943
Amounts payable`17/49`	151,144	189,498	617,793	636,846	481,445	501,749	456,379
Amounts payable after more than one year`17`	-	-	-	-	8,055	36,920	57,600
Financial debts`170/4`	-	-	-	-	8,055	36,920	57,600
Leasing and similar obligations`172`	-	-	-	-	8,055	36,920	57,600
Amounts payable within one year`42/48`	151,144	189,498	617,793	636,846	473,390	464,830	398,582
Current portion of amounts payable after more than one year`42`	-	-	-	8,055	16,059	21,107	19,852
Trade debts`44`	125,395	143,520	60,001	61,717	28,439	42,375	132,054
Suppliers`440/4`	125,395	143,520	60,001	61,717	28,439	42,375	132,054
Taxes, remuneration and social security`45`	-	20,560	25,369	51,466	54,353	26,809	47,969
Taxes`450/3`	-	2,036	1,440	3,999	13,962	4,135	5,918
Remuneration and social security`454/9`	-	18,525	23,929	47,467	40,391	22,675	42,051
Other amounts payable`47/48`	25,749	25,418	532,423	515,608	374,539	374,539	198,708
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	198
Income statement
Operating income`70/76A`	40,665	1.1m	668,047	682,424	708,985	429,026	572,320
Turnover`70`	33,665	1.1m	655,381	675,361	694,670	430,878	564,657
Change in stocks of work in progress, finished goods and contracts in progress`71`	-	-	-	-	-	-5,300	5,300
Operating charges`60/66A`	38,078	1.0m	582,380	644,384	650,048	647,210	650,129
Goods for resale, raw materials and consumables`60`	18,136	68,265	91,243	135,732	70,300	60,971	174,107
Purchases`600/8`	18,136	68,265	77,541	133,892	70,300	54,633	195,987
Change in stocks: decrease (increase)`609`	-	-	13,702	1,840	-	6,338	-21,880
Services and other goods`61`	8,431	148,601	31,560	33,632	62,306	161,157	198,871
Remuneration, social security and pensions`62`	-	778,463	441,052	454,719	496,417	398,259	267,174
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	10,966	22,641	17,826	19,704	19,716	25,096	7,886
Other operating charges`640/8`	545	1,649	699	597	1,309	1,726	2,090
Non-recurring operating charges`66A`	-	-	-	-	-	690	330
Operating profit (loss)`9901`	2,587	70,976	85,667	38,040	58,937	-218,184	-77,809
Financial income`75/76B`	1	658	3,573	410	154	4,496	15
Recurring financial income`75`	1	658	3,573	410	154	4,496	15
Income from financial fixed assets`750`	1	-	-	-	-	-	-
Income from current assets`751`	-	-	-	-	8	10	15
Other financial income`752/9`	-	658	3,573	410	146	4,485	-
Financial charges`65/66B`	482	4,549	7,297	6,889	1,488	23,712	8,817
Recurring financial charges`65`	482	4,549	7,297	6,889	1,488	23,712	8,817
Debt charges`650`	331	4,296	6,885	6,221	1,488	23,506	8,679
Other financial charges`652/9`	151	253	412	668	-	206	138
Profit (loss) for the period before taxes`9903`	2,106	67,084	81,943	31,561	57,603	-238,091	-86,941
Income taxes`67/77`	203	152	1	3	-	-	2
Taxes`670/3`	203	152	1	3	-	-	2
Profit (loss) for the period`9904`	1,903	66,932	81,942	31,558	57,603	-238,091	-86,943
Profit (loss) for the period to be appropriated`9905`	1,903	66,932	81,942	31,558	57,603	-238,091	-86,943
Appropriation of the result
Profit (loss) to be appropriated`9906`	-85,095	-86,998	-153,931	-235,873	-267,431	-325,034	-86,943
Social balance sheet
Average staff (FTE)`9087`	-	13.8	8.5	9.2	9.2	8.6	5.1
Men (FTE)`1003`	-	12.8	7.4	8.2	-	-	-
Women (FTE)`1003`	-	1	1.1	1	-	-	-
Hours worked`1013`	-	22,911	12,327	13,488	14,799	12,572	8,356
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Source: Annual accounts 2015 (PDF), filed on 29-06-2016.

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
31-12-2015	full format	29-06-2016	2016-25400104	PDF
31-12-2014	full format	03-07-2015	2015-27400191	PDF
31-12-2013	full format	10-07-2014	2014-29600219	PDF
31-12-2012	full format	28-06-2013	2013-26600246	PDF
31-12-2011	full format	04-07-2012	2012-26300401	PDF
31-12-2010	full format	16-06-2011	2011-17700194	PDF
31-12-2009	full format	19-05-2010	2010-12500375	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2015	2014	2013	2012	2011	2010	2009
EBITDA	13,553	93,617	103,493	57,744	78,653	-193,088	-69,922
Cash flow	12,869	89,574	99,768	51,262	77,319	-212,995	-79,057
Investment in fixed assets (approximation)	-0	32,487	1	1	-17,511	17,055	127,534
Change in cash	-41,549	17,367	23,126	-27,777	26,961	-27,143	-
Working capital	-100,825	-113,695	-170,782	-270,549	-313,755	-379,720	-128,793
EBIT margin	7.7%	6.7%	13.1%	5.6%	8.5%	-50.6%	-13.8%
Solvency	-75.6%	-54.7%	-27.7%	-51.3%	-105.7%	-155.1%	-17.2%
Current ratio	0.33	0.40	0.72	0.58	0.34	0.18	0.68
Quick ratio	0.33	0.40	0.72	0.55	0.30	0.15	0.61
ROA	2.2%	54.6%	16.9%	7.5%	24.6%	-121.0%	-22.3%
Interest coverage	40.95	21.79	15.03	9.28	52.86	-8.21	-8.06
Customer credit	517 days	10 days	222 days	180 days	53 days	43 days	137 days
Supplier credit	1723 days	242 days	178 days	133 days	78 days	70 days	129 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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 STASBEST

The operating result for 2015 is 96% lower than in 2014 and the lowest since 2010. It is the second fall in a row.

Equity is negative. Debt (€151,144) exceeds the balance-sheet total (€86,049).