TEXAS MANAGEMENT
InactiveInactive; last annual accounts for fiscal year 2017.
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 31-01-2017 was due by 31-08-2017 and was filed on 10-08-2017, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2017
21 d early
2016
10 d late
2015
193 d early
2014
49 d early
2013
57 d early
2012
59 d early
2011
33 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, full schema
Turnover
€2k▼ 93.7%
2016 · €32k
2013: €57k
2016: €32k
2013 → 2017
EBIT margin
-230.9%▼ 973.4pp
2016 · 742.5%
2013: -116.6%
2016: 742.5%
2013 → 2017
Net result
€-760k
2016 · €176k
2013: €-109k
2014: €-100k
2015: €-47k
2016: €176k
2013 → 2017
Working capital
€-1.15M▼ 45.6%
2016 · €-787k
2013: €-346k
2014: €-1.14M
2015: €-1.18M
2016: €-787k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Turnover€57k-€32k€2k▼ 93.7%
Equity€-166k-€-266k▼ 59.9%€-313k▼ 17.6%€-137k▲ 56.2%€3.58M
Operating result€-66k-€10k€7k▼ 23.6%€241k▲ 3,137%€-5k
Net result€-109k-€-100k▲ 8.7%€-47k▲ 52.9%€176k€-760k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €5k after €241k in 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €5.53M
Fixed assets
€4.72M ▲ 626%
Current assets
€804k ▼ 26.3%
Equity and liabilities €5.53M
Equity
€3.58M
Debt
€1.95M
Debt finances 35.3% of the balance-sheet total.
Key figures and ratios
Current ratio
0.41▼
2016 · 0.58
Quick ratio
0.05▼
2016 · 0.46
ROE
-21.3%
ROA
-13.8%▼
2016 · 10.1%
Debt ≤ 1 year
€1.95M▲
2016 · €1.88M
Income taxes
€749k▲
2016 · €0
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 · 25 lines
Balance sheet
Code20162017
Assets
Total assets20/58€1.74M€5.53M▲
Fixed assets21/28€650k€4.72M▲
Tangible fixed assets22/27€650k€4.72M▲
Current assets29/58€1.09M€804k▼
Stocks and contracts in progress3€231k€697k▲
Amounts receivable within one year40/41€822k€73k▼
Cash at bank and in hand54/58€37k€34k▼
Equity and liabilities
Total equity and liabilities10/49€1.74M€5.53M▲
Equity10/15€-137k€3.58M▲
Contributions10/11€74k€74k=
Reserves13€7k€7k=
Profit (loss) carried forward14€-219k€-979k▼
Amounts payable17/49€1.88M€1.95M▲
Amounts payable within one year42/48€1.88M€1.95M▲
Trade debts44€10k€76k▲
Income statement
Code20162017
Turnover70€32k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k-
Operating profit (loss)9901€241k€-5k▼
Recurring financial income75€54-
Recurring financial charges65€65k€6k▼
Debt charges650€65k€6k▼
Profit (loss) for the period before taxes9903€176k€-11k▼
Income taxes67/77€0€749k▲
Profit (loss) for the period9904€176k€-760k▼
Profit (loss) for the period to be appropriated9905€176k€-760k▼
Timeline · acts, filings and financial milestones
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
15-02
State Gazette act
Board meeting · Merger
Accounting effect · Merger proposal preparation
31-01
Financial
Weakest financial yearnet €-760k ▼533%
Net result drops to €-760k, the lowest in the series.
31-01
Financial
Equity above €2MEq €3.58M
Equity rises from €-137k to €3.58M.
2016
31-12
Financial
Back to profitnet €176k
Net result €176k after 3 loss-making years.
19-12
State Gazette act
Board meeting · Merger
Capital · Corporate purpose
2015
20-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
12-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
04-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
02-03
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
28-03
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Show earlier events
2011
20-03
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
31-03
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
02-04
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.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:Retail Estates