VERCOLAS
InactiveInactive; last annual accounts for fiscal year 2019.
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 30-09-2019 was due by 30-04-2020 and was filed on 02-04-2020, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2019
28 d early
2018
50 d late
2017
40 d early
2016
2 d early
2015
2 d early
2014
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, abbreviated schema
Equity
€97k
2018 · €-13k
2018: €-13k
2019: €97k▲ +834% vs 2018
2018 → 2019
Total assets
€454k▼ 6.1%
2018 · €483k
2018: €483k
2019: €454k▼ -6.1% vs 2018
2018 → 2019
Net result
€110k
2018 · €-123k
2018: €-123k
2019: €110k▲ +189% vs 2018
2018 → 2019
Working capital
€61k
2018 · €-35k
2018: €-35k
2019: €61k▲ +273% vs 2018
2018 → 2019
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20182019Trend
Equity€-13k-€97k
2018: €-13k
2019: €97k▲ +834% vs 2018
Operating result€-96k-€159k
2018: €-96k
2019: €159k▲ +267% vs 2018
Net result€-123k-€110k
2018: €-123k
2019: €110k▲ +189% vs 2018
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2019: €159k after a loss of €96k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €454k
Fixed assets
€219k ▲ 190%
Current assets
€234k ▼ 42.5%
Equity and liabilities €454k
Equity
€97k
Debt
€357k
Debt finances 78.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€224k▲
2018 · €-71k
Cash flow
€175k▲
2018 · €-99k
Current ratio
1.35▲
2018 · 0.92
Quick ratio
1.31▲
2018 · 0.90
Debt to equity
1.90▲
2018 · -3.97
ROE
113.6%
ROA
24.2%▲
2018 · -25.4%
Debt ≤ 1 year
€173k▼
2018 · €443k
Debt > 1 year
€184k▲
2018 · €52k
Income taxes
€256▼
2018 · €384
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 · 2019 against 2018 · 26 lines
Balance sheet
Code20182019
Assets
Total assets20/58€483k€454k▼
Fixed assets21/28€76k€219k▲
Tangible fixed assets22/27€67k€218k▲
Financial fixed assets28€8k€1k▼
Current assets29/58€408k€234k▼
Stocks and contracts in progress3€7k€7k=
Amounts receivable within one year40/41€181k€58k▼
Cash at bank and in hand54/58€7k€165k▲
Equity and liabilities
Total equity and liabilities10/49€483k€454k▼
Equity10/15€-13k€97k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€-34k€76k▲
Amounts payable17/49€496k€357k▼
Amounts payable after more than one year17€52k€184k▲
Amounts payable within one year42/48€443k€173k▼
Trade debts44€315k€60k▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€65k▲
Gross operating margin9900€74k€283k▲
Operating profit (loss)9901€-96k€159k▲
Recurring financial income75€19€5k▲
Recurring financial charges65€27k€54k▲
Profit (loss) for the period before taxes9903€-123k€110k▲
Income taxes67/77€384€256▼
Profit (loss) for the period9904€-123k€110k▲
Profit (loss) for the period to be appropriated9905€-123k€110k▲
Accounts by statement
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €65k | ▲ 168% |
| Gross operating margin9900 | €74k | €283k | ▲ 282% |
| Operating profit (loss)9901 | €-96k | €159k | ▲ 267% |
| Recurring financial income75 | €19 | €5k | ▲ 25,197% |
| Recurring financial charges65 | €27k | €54k | ▲ 99.7% |
| Profit (loss) for the period before taxes9903 | €-123k | €110k | ▲ 190% |
| Income taxes67/77 | €384 | €256 | ▼ 33.4% |
| Profit (loss) for the period9904 | €-123k | €110k | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | €-123k | €110k | ▲ 189% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €483k | €454k | ▼ 6.1% |
| Fixed assets21/28 | €76k | €219k | ▲ 190% |
| Tangible fixed assets22/27 | €67k | €218k | ▲ 224% |
| Financial fixed assets28 | €8k | €1k | ▼ 84.1% |
| Current assets29/58 | €408k | €234k | ▼ 42.5% |
| Stocks and contracts in progress3 | €7k | €7k | = |
| Amounts receivable within one year40/41 | €181k | €58k | ▼ 68.1% |
| Cash at bank and in hand54/58 | €7k | €165k | ▲ 2,184% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €483k | €454k | ▼ 6.1% |
| Equity10/15 | €-13k | €97k | ▲ 834% |
| Contributions10/11 | €19k | €19k | = |
| Reserves13 | €2k | €2k | = |
| Profit (loss) carried forward14 | €-34k | €76k | ▲ 327% |
| Amounts payable17/49 | €496k | €357k | ▼ 28.1% |
| Amounts payable after more than one year17 | €52k | €184k | ▲ 252% |
| Amounts payable within one year42/48 | €443k | €173k | ▼ 60.9% |
| Trade debts44 | €315k | €60k | ▼ 81.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-123k | €110k | ▲ 189% |
| + Depreciation and write-downs630 | €24k | €65k | ▲ 168% |
| Operating cash flow (approximation) | €-99k | €175k | ▲ 277% |
| Investment in fixed assets (approximation) | - | €-208k | - |
| Change in cash | - | €158k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2020
06-04
State Gazette act
General meeting · Merger
Accounting effect · Statutes amendment · Marc SLEDSENS
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-10
State Gazette act
Merger · Accounting effect
Capital · Corporate purpose
30-09
Financial
Back to profitnet €110k
Net result €110k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
02-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:VERBRAEKEN INFRA