TWO FACES
InactiveFinancials · financial year 2015, full format
Annual accounts 2015 filed on 30-10-2015 PDF all 25 filings
Turnover
€14.0m▲ 6.0%
2014 · €13.2m
EBIT margin
7.3%▼ 0.1pp
2014 · 7.4%
Net result
€585,115▲ 10.2%
2014 · €530,904
Working capital
€3.3m▼ 23.0%
2014 · €4.3m
Multi-year overview
2011 to 2015, 5 financial yearsTurnover
€14.0m
▲ 6.0%
2015
20112015
Operating result
€1.0m
▲ 4.6%
2015
20112015
Net result
€585,115
▲ 10.2%
2015
20112015
EBIT margin
7.3%
▼ 0.1pp
2015
20112015
Equity
€4.2m
▼ 17.8%
2015
20112015
Total assets
€8.1m
▲ 6.8%
2015
20112015
Debt
€3.8m
▲ 59.1%
2015
20112015
Working capital
€3.3m
▼ 23.0%
2015
20112015
Staff (FTE)
20.1
▲ 3.6%
2015
20112015
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Turnover€13.2m€14.0m▲ 6.0%
Operating result€1.2m-€1.2m▲ 0.6%€1.4m▲ 15.4%€1.0m▼ 29.1%€1.0m▲ 4.6%
Net result€0.7m-€0.7m▼ 2.6%€0.8m▲ 15.7%€0.5m▼ 30.5%€0.6m▲ 10.2%
EBIT margin7.4%7.3%▼ 0.1pp
Equity€3.2m-€3.8m▲ 20.7%€4.6m▲ 19.9%€5.1m▲ 11.5%€4.2m▼ 17.8%
Total assets€4.9m-€5.1m▲ 3.6%€6.6m▲ 30.0%€7.5m▲ 14.0%€8.1m▲ 6.8%
Debt€1.7m-€1.2m▼ 27.9%€2.0m▲ 61.2%€2.4m▲ 19.8%€3.8m▲ 59.1%
Working capital€3.0m-€3.6m▲ 17.9%€4.4m▲ 21.4%€4.3m▼ 2.1%€3.3m▼ 23.0%
Staff (FTE)11.4-15.9▲ 39.5%18.9▲ 18.9%19.4▲ 2.6%20.1▲ 3.6%
The operating result for 2015 is 5% higher than in 2014. It is a recovery after the fall in 2014.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €8.1m
Fixed assets
€1.4m ▲ 4.1%
Current assets
€6.6m ▲ 7.4%
Equity and liabilities €8.1m
Equity
€4.2m ▼ 17.8%
Debt
€3.8m ▲ 59.1%
Debt's share of the balance-sheet total rises from 31.9% to 47.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.3m▲
2014 · €1.1m
Cash flow
€840,066▲
2014 · €688,959
Current ratio
1.98▼
2014 · 3.23
Quick ratio
1.64▼
2014 · 2.58
Debt to equity
0.09▲
2014 · 0.09
ROE
13.9%▲
2014 · 10.3%
ROA
7.3%▲
2014 · 7.0%
Interest coverage
56.10▲
2014 · 52.56
Debt ≤ 1 year
€3.3m▲
2014 · €1.9m
Debt > 1 year
€398,595▼
2014 · €456,979
Income taxes
€255,558▲
2014 · €235,130
Customer credit
44 days▲
2014 · 42 days
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €13.2m | €14.0m | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 61.3% |
| Gross operating margin9900 | €1.9m | €2.1m | €2.5m | - | - | - |
| Operating profit (loss)9901 | €1.2m | €1.2m | €1.4m | €1.0m | €1.0m | ▲ 4.6% |
| Recurring financial income75 | €0.03m | €0.04m | €0.04m | €0.07m | €0.08m | ▲ 21.1% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 6.2% |
| Debt charges650 | - | - | - | €0.02m | €0.02m | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | €1.0m | €1.0m | €1.1m | €0.8m | €0.8m | ▲ 9.7% |
| Income taxes67/77 | €0.3m | €0.3m | €0.4m | €0.2m | €0.3m | ▲ 8.7% |
| Profit (loss) for the period9904 | €0.7m | €0.7m | €0.8m | €0.5m | €0.6m | ▲ 10.2% |
| Profit (loss) for the period to be appropriated9905 | €0.7m | €0.7m | €0.8m | €0.5m | €0.6m | ▲ 10.2% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.9m | €5.1m | €6.6m | €7.5m | €8.1m | ▲ 6.8% |
| Fixed assets21/28 | €0.2m | €0.3m | €0.3m | €1.4m | €1.4m | ▲ 4.1% |
| Intangible fixed assets21 | €0.03m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 13.4% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €1.3m | €1.3m | ▲ 5.7% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.004m | €0.004m | €0.001m | ▼ 64.3% |
| Current assets29/58 | €4.7m | €4.7m | €6.3m | €6.2m | €6.6m | ▲ 7.4% |
| Stocks and contracts in progress3 | €0.6m | €0.6m | €0.8m | €1.2m | €1.1m | ▼ 7.8% |
| Amounts receivable within one year40/41 | €1.6m | €2.0m | €1.5m | €1.5m | €1.7m | ▲ 10.6% |
| Current investments50/53 | €2.0m | €1.1m | €3.0m | €2.5m | €2.2m | ▼ 13.0% |
| Cash at bank and in hand54/58 | €0.4m | €0.9m | €1.0m | €0.9m | €1.6m | ▲ 78.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.9m | €5.1m | €6.6m | €7.5m | €8.1m | ▲ 6.8% |
| Equity10/15 | €3.2m | €3.8m | €4.6m | €5.1m | €4.2m | ▼ 17.8% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €3.0m | €3.6m | €4.4m | €4.9m | €4.0m | ▼ 18.6% |
| Amounts payable17/49 | €1.7m | €1.2m | €2.0m | €2.4m | €3.8m | ▲ 59.1% |
| Amounts payable after more than one year17 | €0.08m | €0.07m | €0.08m | €0.5m | €0.4m | ▼ 12.8% |
| Amounts payable within one year42/48 | €1.6m | €1.2m | €1.9m | €1.9m | €3.3m | ▲ 75.1% |
| Trade debts44 | €1.2m | €0.7m | €1.5m | €1.0m | €1.3m | ▲ 32.9% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.7m | €0.7m | €0.8m | €0.5m | €0.6m | ▲ 10.2% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 61.3% |
| Operating cash flow (approximation) | €0.8m | €0.8m | €0.9m | €0.7m | €0.8m | ▲ 21.9% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.1m | -€1.2m | -€0.3m | ▲ 74.0% |
| Change in cash | - | €0.5m | €0.03m | -€0.08m | €0.7m | - |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2015 | full format | 30-10-2015 | 2015-66300218 | |
| 31-03-2014 | full format | 30-10-2014 | 2014-66100125 | |
| 31-03-2013 | abbreviated format | 23-09-2013 | 2013-59100106 | |
| 31-03-2012 | abbreviated format | 27-10-2012 | 2012-63000396 | |
| 31-03-2011 | abbreviated format | 01-11-2011 | 2011-59600106 | |
| 31-03-2010 | abbreviated format | 09-09-2010 | 2010-53900403 | |
| 31-03-2009 | abbreviated format | 21-09-2009 | 2009-76600273 | |
| 31-03-2008 | abbreviated format | 29-10-2008 | 2008-80000295 | |
| 31-03-2007 | abbreviated format | 02-10-2007 | 2007-76200206 | |
| 31-03-2006 | abbreviated format | 22-09-2006 | 2006-79303887 |