SURRES
InactiveFinancials · financial year 2018, abbreviated format
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
2014 to 2018, 5 financial years 2014 to 2018, 5 financial years
The operating result returns to profit in 2018: €17,149 after a loss of €12,913 in 2017.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.02m
2018
Net result€0.001m
2018
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.0m
2018
Equity€0.3m
2018
Debt€1.7m
2018
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
2018
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20142015201620172018
Operating result€0.05m-€0.06m▲ 8.8%€0.06m▲ 5.8%-€0.01m€0.02m
Net result€0.02m-€0.02m▲ 35.9%€0.03m▲ 20.7%-€0.06m€0.001m
Equity€0.3m-€0.3m▲ 8.6%€0.3m▲ 9.6%€0.3m▼ 18.3%€0.3m▲ 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-€0.3m--€0.2m▲ 41.4%-€0.2m▲ 9.2%-€0.2m▼ 38.7%-€0.3m▼ 15.7%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
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 | - |
| 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 | - |
| Income taxes67/77 | - | €19 | - | - | -€103 | - |
| Profit (loss) for the period9904 | €16,782 | €22,813 | €27,532 | -€57,421 | €816 | - |
| Profit (loss) for the period to be appropriated9905 | €17,759 | €23,790 | €28,509 | -€56,444 | €1,304 | - |
| 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 | - | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 25.0% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.3m | €1.7m | €1.7m | ▼ 0.9% |
| Current assets29/58 | €0.01m | €0.1m | €0.1m | €0.8m | €0.2m | ▼ 70.5% |
| Amounts receivable within one year40/41 | €0.001m | €0.002m | €0.001m | €0.001m | €0.006m | ▲ 388% |
| Current investments50/53 | €0.003m | €0.005m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.005m | €0.1m | €0.1m | €0.8m | €0.2m | ▼ 71.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.4m | €2.5m | €2.0m | ▼ 22.8% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.3% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 1.3% |
| Profit (loss) carried forward14 | -€0.02m | -€66 | €0.03m | -€0.03m | -€0.03m | ▲ 4.4% |
| Provisions and deferred taxes16 | €0.01m | €0.009m | €0.009m | €0.009m | €0.008m | ▼ 1.9% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.1m | €2.3m | €1.7m | ▼ 25.5% |
| Amounts payable after more than one year17 | €0.7m | €0.8m | €0.8m | €1.2m | €1.2m | ▼ 4.4% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €1.0m | €0.5m | ▼ 51.3% |
| Trade debts44 | €0.001m | €0.002m | €0.001m | €0.002m | - | - |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,782 | €22,813 | €27,532 | -€57,421 | €816 | - |
| + 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 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2018 | abbreviated format | 07-01-2019 | 2019-00500042 |
| 31-12-2017 | abbreviated format | 14-06-2018 | 2018-19500377 |
| 31-12-2016 | micro format | 07-06-2017 | 2017-15200245 |
| 31-12-2015 | abbreviated format | 24-06-2016 | 2016-21000378 |
| 31-12-2014 | abbreviated format | 29-06-2015 | 2015-22000037 |
| 31-12-2013 | abbreviated format | 24-06-2014 | 2014-19900593 |
| 31-12-2012 | abbreviated format | 15-07-2013 | 2013-31100030 |
| 31-12-2011 | abbreviated format | 05-07-2012 | 2012-26800573 |
| 31-12-2010 | abbreviated format | 17-06-2011 | 2011-16500083 |
| 31-12-2009 | abbreviated format | 28-06-2010 | 2010-21700568 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.