SURRES
InactiveInactive; last annual accounts for fiscal year 2018.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2018 was due by 31-01-2019 and was filed on 07-01-2019, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2018
24 d early
2017
47 d early
2016
54 d early
2015
37 d early
2014
32 d early
2013
37 d early
2012
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2018 is 2 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2018, abbreviated schema
Equity
€257,988▲ 0.3%
2017 · €257,172
Total assets
€2.0m▼ 22.8%
2017 · €2.5m
Net result
€816
2017 · -€57,421
Working capital
-€265,580▼ 15.7%
2017 · -€229,478
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20142015201620172018
Operating result€53,412-€58,136▲ 8.8%€61,484▲ 5.8%-€12,913€17,149
Net result€16,782-€22,813▲ 35.9%€27,532▲ 20.7%-€57,421€816
Equity€264,248-€287,061▲ 8.6%€314,593▲ 9.6%€257,172▼ 18.3%€257,988▲ 0.3%
Total assets€1.3m-€1.4m▲ 7.3%€1.4m▼ 3.2%€2.5m▲ 82.3%€2.0m▼ 22.8%
Debt€1.1m-€1.1m▲ 7.0%€1.1m▼ 6.5%€2.3m▲ 113%€1.7m▼ 25.5%
Working capital-€310,891--€182,190▲ 41.4%-€165,465▲ 9.2%-€229,478▼ 38.7%-€265,580▼ 15.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2017 Total assets +82% on 2016. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2018: €17,149 after a loss of €12,913 in 2017.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.7m ▼ 0.9%
Current assets
€235,556 ▼ 70.5%
Equity and liabilities €2.0m
Equity
€257,988 ▲ 0.3%
Provisions
€8,400 ▼ 1.9%
Debt
€1.7m ▼ 25.5%
Debt's share of the balance-sheet total falls from 89.5% to 86.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47,607▼
2017 · €56,009
Cash flow
€31,273▲
2017 · €11,501
Current ratio
0.47▼
2017 · 0.78
Debt to equity
4.62▼
2017 · 4.85
ROE
0.3%▲
2017 · -22.3%
ROA
0.0%▲
2017 · -2.3%
Debt ≤ 1 year
€501,136▼
2017 · €1.0m
Debt > 1 year
€1.2m▼
2017 · €1.2m
Income taxes
-€103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,569 | €37,311 | €37,311 | €68,922 | €30,457 | ▼ 55.8% |
| Gross operating margin9900 | €97,329 | €102,848 | €106,301 | €68,543 | €52,649 | ▼ 23.2% |
| Operating profit (loss)9901 | €53,412 | €58,136 | €61,484 | -€12,913 | €17,149 | ▲ 233% |
| Recurring financial income75 | €44 | €78 | €441 | €116 | €58 | ▼ 49.7% |
| Recurring financial charges65 | €37,000 | €37,233 | €34,719 | €44,949 | €16,658 | ▼ 62.9% |
| Profit (loss) for the period before taxes9903 | €16,457 | €22,507 | €27,207 | -€57,746 | €550 | ▲ 101% |
| Income taxes67/77 | - | €19 | - | - | -€103 | - |
| Profit (loss) for the period9904 | €16,782 | €22,813 | €27,532 | -€57,421 | €816 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | €17,759 | €23,790 | €28,509 | -€56,444 | €1,304 | ▲ 102% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.4m | €1.4m | €2.5m | €2.0m | ▼ 22.8% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.3m | €1.7m | €1.7m | ▼ 0.9% |
| Intangible fixed assets21 | - | €2,397 | €1,798 | €1,199 | €899 | ▼ 25.0% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.3m | €1.7m | €1.7m | ▼ 0.9% |
| Current assets29/58 | €11,771 | €142,348 | €132,947 | €798,967 | €235,556 | ▼ 70.5% |
| Amounts receivable within one year40/41 | €705 | €2,299 | €1,021 | €1,244 | €6,068 | ▲ 388% |
| Current investments50/53 | €3,198 | €4,638 | - | - | - | - |
| Cash at bank and in hand54/58 | €4,598 | €135,406 | €131,926 | €797,723 | €229,488 | ▼ 71.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.4m | €2.5m | €2.0m | ▼ 22.8% |
| Equity10/15 | €264,248 | €287,061 | €314,593 | €257,172 | €257,988 | ▲ 0.3% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €38,103 | €37,127 | €37,572 | €36,596 | €36,108 | ▼ 1.3% |
| Profit (loss) carried forward14 | -€23,856 | -€66 | €27,021 | -€29,424 | -€28,120 | ▲ 4.4% |
| Provisions and deferred taxes16 | €9,538 | €9,213 | €8,888 | €8,563 | €8,400 | ▼ 1.9% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.1m | €2.3m | €1.7m | ▼ 25.5% |
| Amounts payable after more than one year17 | €742,506 | €814,404 | €767,732 | €1.2m | €1.2m | ▼ 4.4% |
| Amounts payable within one year42/48 | €322,662 | €324,538 | €298,412 | €1.0m | €501,136 | ▼ 51.3% |
| Trade debts44 | €1,403 | €1,531 | €522 | €1,926 | - | - |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,782 | €22,813 | €27,532 | -€57,421 | €816 | ▲ 101% |
| + Depreciation and write-downs630 | €36,569 | €37,311 | €37,311 | €68,922 | €30,457 | ▼ 55.8% |
| Operating cash flow (approximation) | €53,351 | €60,124 | €64,843 | €11,501 | €31,273 | ▲ 172% |
| Investment in fixed assets (approximation) | - | -€4,152 | €0 | -€550,000 | -€15,125 | ▲ 97.3% |
| Change in cash | - | €130,809 | -€3,480 | €665,796 | -€568,235 | ▼ 185% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-12
State Gazette act
General meeting · Merger
Accounting effect · Power of attorney · Annelies Ghesquière
28-08
State Gazette act
Merger · Accounting effect
Capital · Corporate purpose
30-06
Financial
Back to profitnet €816
Net result €816 after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-12
Financial
Weakest financial yearnet -€57,421
Net result drops to -€57,421, the lowest in the series.
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-12
Financial
Highest result since 2014net €27,532 ▲20.7%
Operating result €61,484, net result €27,532, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
24-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
15-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Show earlier events
2012
05-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
17-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
28-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Ulvenhout Retail Invest Fund