STRUCTOVAN
Open bankruptcyFinancials · financial year 2017, micro format
2017 annual accounts filed late (61 days) Filed on 30 September 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-68500290.
Equity
-€80,562▼ 35.1%
2016 · -€59,623
Total assets
€218,310▲ 46.9%
2016 · €148,601
Net result
-€20,939▲ 64.8%
2016 · -€59,496
Working capital
-€56,452▲ 5.7%
2016 · -€59,892
Trend over the years
2013 to 2017, 5 financial years 2013 to 2017, 5 financial years
The operating result stays negative: a loss of €1,615 in 2017 against €45,565 in 2016; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1,615
2017
Net result-€20,939
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€218,310
2017
Equity-€80,562
2017
Debt€298,872
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€56,452
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€19,201-€22,000▲ 14.6%-€14,515-€45,565▼ 214%-€1,615▲ 96.5%
Net result€5,041-€11,762▲ 133%-€25,411-€59,496▼ 134%-€20,939▲ 64.8%
Equity€1,171-€25,284▲ 2,058%-€127-€59,623▼ 46,847%-€80,562▼ 35.1%
Total assets€176,899-€143,458▼ 18.9%€89,608▼ 37.5%€148,601▲ 65.8%€218,310▲ 46.9%
Debt€175,727-€118,174▼ 32.8%€89,735▼ 24.1%€208,224▲ 132%€298,872▲ 43.5%
Working capital-€50,151-€879-€18,855-€59,892▼ 218%-€56,452▲ 5.7%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €218,310
Fixed assets
€73,580 ▼ 8.8%
Current assets
€144,730 ▲ 113%
Equity and liabilities
Equity-€80,562
Debt€298,872
Equity is negative: debt (€298,872) exceeds the balance-sheet total (€218,310).
Key figures and ratios
EBITDA
€13,243▲
2016 · -€40,304
Cash flow
-€6,081▲
2016 · -€54,236
Solvency
-36.9%▲
2016 · -40.1%
Current ratio
0.72▲
2016 · 0.53
Quick ratio
0.43▲
2016 · 0.36
ROA
-9.6%▲
2016 · -40.0%
Debt ≤ 1 year
€201,182▲
2016 · €127,784
Debt > 1 year
€97,060▲
2016 · €79,810
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,104 | €12,537 | €9,038 | €5,260 | €14,858 | ▲ 182% |
| Gross operating margin9900 | €38,082 | €36,222 | -€2,922 | -€26,016 | €24,024 | - |
| Operating profit (loss)9901 | €19,201 | €22,000 | -€14,515 | -€45,565 | -€1,615 | ▲ 96.5% |
| Recurring financial income75 | €4,052 | €4,333 | €96 | €1,328 | €49 | ▼ 96.3% |
| Recurring financial charges65 | €18,212 | €10,325 | €15,950 | €12,140 | €19,373 | ▲ 59.6% |
| Profit (loss) for the period before taxes9903 | €5,041 | €11,762 | -€25,411 | -€56,376 | -€20,939 | ▲ 62.9% |
| Income taxes67/77 | €0 | - | - | €3,120 | - | - |
| Profit (loss) for the period9904 | €5,041 | €11,762 | -€25,411 | -€59,496 | -€20,939 | ▲ 64.8% |
| Profit (loss) for the period to be appropriated9905 | €5,041 | €11,762 | -€25,411 | -€59,496 | -€20,939 | ▲ 64.8% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176,899 | €143,458 | €89,608 | €148,601 | €218,310 | ▲ 46.9% |
| Fixed assets21/28 | €65,114 | €44,410 | €35,863 | €80,709 | €73,580 | ▼ 8.8% |
| Tangible fixed assets22/27 | €65,114 | €44,410 | €35,373 | €80,219 | €73,090 | ▼ 8.9% |
| Financial fixed assets28 | - | - | €490 | €490 | €490 | = |
| Current assets29/58 | €111,785 | €99,048 | €53,745 | €67,892 | €144,730 | ▲ 113% |
| Stocks and contracts in progress3 | €19,175 | €6,937 | €29,626 | €21,792 | €57,911 | ▲ 166% |
| Amounts receivable within one year40/41 | €91,766 | €77,483 | €17,933 | €39,787 | €64,465 | ▲ 62.0% |
| Cash at bank and in hand54/58 | €286 | €14,605 | €5,859 | €6,314 | €22,355 | ▲ 254% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176,899 | €143,458 | €89,608 | €148,601 | €218,310 | ▲ 46.9% |
| Equity10/15 | €1,171 | €25,284 | -€127 | -€59,623 | -€80,562 | ▼ 35.1% |
| Contributions10/11 | €6,200 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€5,029 | €4,874 | -€20,537 | -€80,033 | -€100,972 | ▼ 26.2% |
| Amounts payable17/49 | €175,727 | €118,174 | €89,735 | €208,224 | €298,872 | ▲ 43.5% |
| Amounts payable after more than one year17 | €13,792 | €20,005 | €17,135 | €79,810 | €97,060 | ▲ 21.6% |
| Amounts payable within one year42/48 | €161,936 | €98,169 | €72,600 | €127,784 | €201,182 | ▲ 57.4% |
| Trade debts44 | €104,542 | €35,755 | €40,472 | €92,229 | €114,431 | ▲ 24.1% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,041 | €11,762 | -€25,411 | -€59,496 | -€20,939 | ▲ 64.8% |
| + Depreciation and write-downs630 | €18,104 | €12,537 | €9,038 | €5,260 | €14,858 | ▲ 182% |
| Operating cash flow (approximation) | €23,145 | €24,299 | -€16,373 | -€54,236 | -€6,081 | ▲ 88.8% |
| Investment in fixed assets (approximation) | - | €8,167 | -€490 | -€50,106 | -€7,730 | ▲ 84.6% |
| Change in cash | - | €14,319 | -€8,746 | €454 | €16,041 | ▲ 3,432% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2017 | micro format | 30-09-2018 | 2018-68500290 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56800432 |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-64500504 |
| 31-12-2014 | abbreviated format | 08-07-2015 | 2015-29200183 |
| 31-12-2013 | abbreviated format | 22-12-2014 | 2014-70400117 |
| 31-12-2012 | abbreviated format | 08-01-2015 | 2015-01400530 |
| 31-12-2011 | abbreviated format | 14-08-2012 | 2012-40900299 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 129 active companies whose main activity is manufacture of motor vehicles, trailers and semi-trailers (NACE 29202), figures are known for 86. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.