THOVIC
Open bankruptcyFinancials · financial year 2015, abbreviated format
Annual accounts 2015 filed on 30-11-2015 PDF all 13 filings
Turnover
≈ €83,000
Estimated: probably between €32,000 and €190,000
Total assets
€942,184▼ 12.8%
2014 · €1.1m
Net result
-€6,540▲ 90.6%
2014 · -€69,594
Working capital
-€427,937▼ 14.7%
2014 · -€373,089
Multi-year overview
2011 to 2015, 5 financial yearsOperating result
-€14,906
▲ 68.0%
2015
20112015
Net result
-€6,540
▲ 90.6%
2015
20112015
Equity
€3,083
▼ 68.0%
2015
20112015
Total assets
€942,184
▼ 12.8%
2015
20112015
Debt
€882,101
▼ 13.0%
2015
20112015
Working capital
-€427,937
▼ 14.7%
2015
20112015
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Operating result€0.04m-€0.04m▲ 8.7%€0.04m▼ 14.3%-€0.05m-€0.01m▲ 68.0%
Net result€0.007m-€0.01m▲ 47.2%-€0.003m-€0.07m▼ 1,966%-€0.007m▲ 90.6%
Equity€0.07m-€0.08m▲ 15.1%€0.08m▼ 4.1%€0.01m▼ 87.9%€0.003m▼ 68.0%
Total assets€1.2m-€1.0m▼ 14.3%€1.0m▼ 0.4%€1.1m▲ 4.7%€0.9m▼ 12.8%
Debt€1.1m-€0.8m▼ 25.1%€0.8m▲ 4.3%€1.0m▲ 21.1%€0.9m▼ 13.0%
Working capital-€0.3m--€0.2m▲ 31.4%-€0.2m▼ 25.1%-€0.4m▼ 70.4%-€0.4m▼ 14.7%
The operating result for 2015 is a loss of €14,906, smaller than the loss of €46,538 in 2014.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €942,184
Fixed assets
€784,283 ▼ 4.1%
Current assets
€157,901 ▼ 39.8%
Equity and liabilities €942,184
Equity
€3,083 ▼ 68.0%
Provisions
€57,000 =
Debt
€882,101 ▼ 13.0%
Debt's share of the balance-sheet total falls from 93.8% to 93.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19,968▲
2014 · -€11,531
Cash flow
€28,334▲
2014 · -€34,587
Current ratio
0.27▼
2014 · 0.41
Debt to equity
92.94▲
2014 · 36.20
ROE
-212.1%▲
2014 · -723.2%
ROA
-0.7%▲
2014 · -6.4%
Debt ≤ 1 year
€585,837▼
2014 · €635,472
Debt > 1 year
€286,508▼
2014 · €348,290
Income taxes
€7▼
2014 · €13
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,359 | €34,874 | €35,007 | €35,007 | €34,874 | ▼ 0.4% |
| Gross operating margin9900 | €132,930 | €164,908 | €49,160 | -€54,540 | €23,818 | - |
| Operating profit (loss)9901 | €39,160 | €42,576 | €36,494 | -€46,538 | -€14,906 | ▲ 68.0% |
| Recurring financial income75 | €1 | - | €0 | €54 | €717 | ▲ 13× |
| Recurring financial charges65 | €31,740 | €25,316 | €39,638 | €23,097 | €14,845 | ▼ 35.7% |
| Profit (loss) for the period before taxes9903 | €7,421 | €17,260 | -€3,144 | -€69,581 | -€6,533 | ▲ 90.6% |
| Income taxes67/77 | €60 | €6,426 | €225 | €13 | €7 | ▼ 51.1% |
| Profit (loss) for the period9904 | €7,360 | €10,834 | -€3,369 | -€69,594 | -€6,540 | ▲ 90.6% |
| Profit (loss) for the period to be appropriated9905 | €7,360 | €10,834 | -€3,369 | -€69,594 | -€6,540 | ▲ 90.6% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.0m | €1.0m | €1.1m | €0.9m | ▼ 12.8% |
| Fixed assets21/28 | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 4.1% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 4.3% |
| Financial fixed assets28 | - | - | - | - | €0.001m | - |
| Current assets29/58 | €0.3m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 39.8% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 40.5% |
| Cash at bank and in hand54/58 | €0.002m | - | €0.005m | - | €0.002m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.0m | €1.0m | €1.1m | €0.9m | ▼ 12.8% |
| Equity10/15 | €0.07m | €0.08m | €0.08m | €0.01m | €0.003m | ▼ 68.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €0.004m | - | - | -€0.07m | -€0.08m | ▼ 9.4% |
| Provisions and deferred taxes16 | €0.07m | €0.2m | €0.1m | €0.06m | €0.06m | = |
| Amounts payable17/49 | €1.1m | €0.8m | €0.8m | €1.0m | €0.9m | ▼ 13.0% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 17.7% |
| Amounts payable within one year42/48 | €0.5m | €0.3m | €0.4m | €0.6m | €0.6m | ▼ 7.8% |
| Trade debts44 | €0.04m | €0.01m | €0.07m | €0.05m | €0.06m | ▲ 18.1% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,360 | €10,834 | -€3,369 | -€69,594 | -€6,540 | ▲ 90.6% |
| + Depreciation and write-downs630 | €9,359 | €34,874 | €35,007 | €35,007 | €34,874 | ▼ 0.4% |
| Operating cash flow (approximation) | €16,719 | €45,708 | €31,638 | -€34,587 | €28,334 | - |
| Investment in fixed assets (approximation) | - | €0 | -€399 | €0 | -€1,420 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-04-2015 | abbreviated format | 30-11-2015 | 2015-68200026 | |
| 30-04-2014 | abbreviated format | 18-11-2014 | 2014-67200084 | |
| 30-04-2013 | abbreviated format | 18-11-2014 | 2014-67200074 | |
| 30-04-2012 | abbreviated format | 24-02-2014 | 2014-04800192 | |
| 30-04-2011 | abbreviated format | 26-01-2012 | 2012-02300130 | |
| 30-04-2010 | abbreviated format | 18-07-2011 | 2011-31200221 | |
| 30-04-2009 | abbreviated format | 26-11-2009 | 2009-86600232 | |
| 30-04-2008 | abbreviated format | 26-11-2008 | 2008-83000263 | |
| 30-04-2007 | abbreviated format | 25-10-2007 | 2007-78300303 | |
| 30-04-2006 | abbreviated format | 24-10-2006 | 2006-84701525 |