VALENTIN

Inactive

KBO/BCE: BE 0403.153.180

VALENTIN was declared bankrupt on 08-02-2016 (Tribunal de commerce francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 12-09-2017, published in the Belgian Official Gazette on 22-09-2017.

Summary

Inactive; last annual accounts for financial year 2014.

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VALENTINInactive

Report

Financials · financial year 2014, full format

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€7,297

2013 · -€40,128

Working capital

€226,266▲ 3.4%

2013 · €218,879

Trend over the years

Last 5 years All years

2010 to 2014, 5 financial years 2010 to 2014, 5 financial years

The operating result returns to profit in 2014: €14,852 after a loss of €34,847 in 2013.

Turnover and resultEquity and debtWorking capitalStaff

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€14,852 2014 Net result€7,297 2014

Every figure with its change against the financial year before

favourable unfavourable

Line20102011201220132014

Operating result-€4,522--€18,172▼ 302%€37,347-€34,847€14,852

Net result-€18,366--€25,326▼ 37.9%€29,002-€40,128€7,297

Equity€297,151-€271,825▼ 8.5%€285,827▲ 5.2%€245,700▼ 14.0%€252,996▲ 3.0%

Total assets€619,854-€597,073▼ 3.7%€643,633▲ 7.8%€530,241▼ 17.6%€572,633▲ 8.0%

Debt€322,703-€325,248▲ 0.8%€357,806▲ 10.0%€284,541▼ 20.5%€319,637▲ 12.3%

Working capital€255,708-€239,233▼ 6.4%€257,476▲ 7.6%€218,879▼ 15.0%€226,266▲ 3.4%

Staff (FTE)3.1-3▼ 3.2%3=3=3=

Balance-sheet composition

2014 in colour, 2013 as the grey bar beneath

Assets €572,633

93.7%

Fixed assets €36,119 ▼ 38.4%

Current assets €536,514 ▲ 13.8%

Equity and liabilities €572,633

44.2%

55.8%

Equity €252,996 ▲ 3.0%

Debt €319,637 ▲ 12.3%

Debt's share of the balance-sheet total rises from 53.7% to 55.8%. Equity and debt are higher.

Key figures and ratios

2014 value · change against 2013

EBITDA

€47,189▲

2013 · -€3,323

Cash flow

€39,634▲

2013 · -€8,604

Current ratio

1.73▼

2013 · 1.87

Quick ratio

0.76▲

2013 · 0.68

Debt to equity

0.04▼

2013 · 0.13

ROE

2.9%▲

2013 · -16.3%

ROA

1.3%▲

2013 · -7.6%

Debt ≤ 1 year

€310,248▲

2013 · €252,697

Debt > 1 year

€8,859▼

2013 · €31,705

Income taxes

€1,051▲

2013 · €593

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2014 against 2013 · 26 lines

Balance sheet Code20132014

Assets

Total assets20/58€530,241€572,633▲

Fixed assets21/28€58,665€36,119▼

Intangible fixed assets21€7,280€5,307▼

Tangible fixed assets22/27€51,306€30,733▼

Financial fixed assets28€79€79=

Current assets29/58€471,576€536,514▲

Stocks and contracts in progress3€300,824€299,465▼

Amounts receivable within one year40/41€130,470€203,117▲

Cash at bank and in hand54/58€25,895€28,928▲

Equity and liabilities

Total equity and liabilities10/49€530,241€572,633▲

Equity10/15€245,700€252,996▲

Contributions10/11€185,920€185,920=

Reserves13€59,780€67,076▲

Amounts payable17/49€284,541€319,637▲

Amounts payable after more than one year17€31,705€8,859▼

Amounts payable within one year42/48€252,697€310,248▲

Trade debts44€114,655€154,457▲

Income statement Code20132014

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,524€32,337▲

Gross operating margin9900€179,662€236,836▲

Operating profit (loss)9901-€34,847€14,852▲

Recurring financial income75€2,553€1,259▼

Recurring financial charges65€7,241€7,763▲

Profit (loss) for the period before taxes9903-€39,535€8,348▲

Income taxes67/77€593€1,051▲

Profit (loss) for the period9904-€40,128€7,297▲

Profit (loss) for the period to be appropriated9905-€40,128€7,297▲

Line	2010	2011	2012	2013	2014	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€37,612	€28,814	€30,385	€31,524	€32,337	▲ 2.6%
Gross operating margin9900	€197,166	€173,979	€261,431	€179,662	€236,836	▲ 31.8%
Operating profit (loss)9901	-€4,522	-€18,172	€37,347	-€34,847	€14,852	-
Recurring financial income75	€51	€3,320	€526	€2,553	€1,259	▼ 50.7%
Recurring financial charges65	€9,759	€10,224	€8,867	€7,241	€7,763	▲ 7.2%
Profit (loss) for the period before taxes9903	-€18,364	-€25,326	€29,006	-€39,535	€8,348	-
Income taxes67/77	€2	-	€4	€593	€1,051	▲ 77.2%
Profit (loss) for the period9904	-€18,366	-€25,326	€29,002	-€40,128	€7,297	-
Profit (loss) for the period to be appropriated9905	-€18,366	-€25,326	€29,002	-€40,128	€7,297	-

Line	2010	2011	2012	2013	2014	Change
Assets
Total assets20/58	€619,854	€597,073	€643,633	€530,241	€572,633	▲ 8.0%
Fixed assets21/28	€75,496	€54,929	€82,514	€58,665	€36,119	▼ 38.4%
Intangible fixed assets21	-	-	€2,459	€7,280	€5,307	▼ 27.1%
Tangible fixed assets22/27	€75,417	€54,849	€79,976	€51,306	€30,733	▼ 40.1%
Financial fixed assets28	€79	€80	€79	€79	€79	=
Current assets29/58	€544,358	€542,144	€561,119	€471,576	€536,514	▲ 13.8%
Stocks and contracts in progress3	€377,979	€329,615	€326,241	€300,824	€299,465	▼ 0.5%
Amounts receivable within one year40/41	€152,522	€178,061	€201,722	€130,470	€203,117	▲ 55.7%
Cash at bank and in hand54/58	€13,857	€33,079	€27,276	€25,895	€28,928	▲ 11.7%
Equity and liabilities
Total equity and liabilities10/49	€619,854	€597,073	€643,633	€530,241	€572,633	▲ 8.0%
Equity10/15	€297,151	€271,825	€285,827	€245,700	€252,996	▲ 3.0%
Contributions10/11	€185,920	€185,920	€185,920	€185,920	€185,920	=
Reserves13	€111,231	€85,905	€87,355	€59,780	€67,076	▲ 12.2%
Profit (loss) carried forward14	-	-	€12,552	-	-	-
Amounts payable17/49	€322,703	€325,248	€357,806	€284,541	€319,637	▲ 12.3%
Amounts payable after more than one year17	€33,812	€21,943	€53,903	€31,705	€8,859	▼ 72.1%
Amounts payable within one year42/48	€288,650	€302,911	€303,643	€252,697	€310,248	▲ 22.8%
Trade debts44	€194,769	€182,964	€177,857	€114,655	€154,457	▲ 34.7%

Line	2010	2011	2012	2013	2014	Change
Profit (loss) for the period9904	-€18,366	-€25,326	€29,002	-€40,128	€7,297	-
+ Depreciation and write-downs630	€37,612	€28,814	€30,385	€31,524	€32,337	▲ 2.6%
Operating cash flow (approximation)	€19,246	€3,488	€59,387	-€8,604	€39,634	-
Investment in fixed assets (approximation)	-	-€8,247	-€57,970	-€7,675	-€9,791	▼ 27.6%
Change in cash	-	€19,222	-€5,803	-€1,381	€3,033	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 38 filings with the National Bank

Financial year	Type	Filed	Reference
31-12-2014	full format	28-04-2015	2015-10500321
31-12-2013	full format	23-04-2014	2014-09500455
31-12-2012	full format	23-04-2013	2013-09300011
31-12-2011	full format	10-05-2012	2012-10900280
31-12-2010	full format	16-05-2011	2011-11100474
31-12-2009	full format	03-05-2010	2010-10600387
31-12-2008	full format	23-04-2009	2009-11800232
31-12-2007	full format	11-04-2008	2008-10400321
31-12-2006	full format	24-04-2007	2007-12200236
31-12-2005	full format	25-04-2006	2006-11803610

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