VOLT TECHNICS

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Private limited company (pre-2019)founded 2010Vrijlegemstraat 1, 8531 Harelbeke, BelgiumKBO/BCE: BE 0823.546.727

A bankruptcy procedure is open for VOLT TECHNICS according to publications in the Belgian Official Gazette; trustee: Mr Decaluwe Kelly.

Summary

The 2016 annual accounts show equity of €174,627 and a net result of €51,042.

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VOLT TECHNICSOpen bankruptcy

Report

Financials · financial year 2016, abbreviated format

Turnover

€393,954▲ 28.0%

2015 · €307,745

EBIT margin

15.1%▲ 9.3pp

2015 · 5.8%

Net result

€51,042▲ 427%

2015 · €9,688

Working capital

€130,827▲ 50.1%

2015 · €87,150

Trend over the years

Last 5 years All years

2012 to 2016, 5 financial years 2012 to 2016, 5 financial years

The operating result recovers in 2016; 2016 is nearly 3.4 times 2015 and is the highest result in the available series.

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

Turnover€393,954 2016 Operating result€59,343 2016 Net result€51,042 2016

Every figure with its change against the financial year before

favourable unfavourable

Line20122013201420152016

Turnover€287,112-€315,604▲ 9.9%€395,469▲ 25.3%€307,745▼ 22.2%€393,954▲ 28.0%

Operating result€24,603--€10,544€54,790€17,699▼ 67.7%€59,343▲ 235%

Net result€15,918--€16,322€35,106€9,688▼ 72.4%€51,042▲ 427%

EBIT margin8.6%--3.3%▼ 11.9pp13.9%▲ 17.2pp5.8%▼ 8.1pp15.1%▲ 9.3pp

Equity€95,113-€78,791▼ 17.2%€113,897▲ 44.6%€123,585▲ 8.5%€174,627▲ 41.3%

Total assets€189,099-€138,108▼ 27.0%€135,527▼ 1.9%€150,164▲ 10.8%€194,162▲ 29.3%

Debt€93,986-€59,317▼ 36.9%€21,630▼ 63.5%€26,579▲ 22.9%€19,535▼ 26.5%

Working capital€40,644-€28,092▼ 30.9%€75,198▲ 168%€87,150▲ 15.9%€130,827▲ 50.1%

Staff (FTE)1.2-1.8▲ 50.0%2.1▲ 16.7%1▼ 52.4%1.5▲ 50.0%

Balance-sheet composition

2016 in colour, 2015 as the grey bar beneath

Assets €194,162

22.6%

77.4%

Fixed assets €43,800 ▲ 20.2%

Current assets €150,362 ▲ 32.2%

Equity and liabilities €194,162

89.9%

10%

Equity €174,627 ▲ 41.3%

Debt €19,535 ▼ 26.5%

Debt's share of the balance-sheet total falls from 17.7% to 10.1%. Equity is higher and debt is lower.

Key figures and ratios

2016 value · change against 2015

EBITDA

€69,510▲

2015 · €26,537

Cash flow

€61,209▲

2015 · €18,526

Current ratio

7.70▲

2015 · 4.28

Quick ratio

6.68▲

2015 · 3.68

ROE

29.2%▲

2015 · 7.8%

ROA

26.3%▲

2015 · 6.5%

Debt ≤ 1 year

€19,535▼

2015 · €26,579

Income taxes

€5,837▲

2015 · €4,773

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 · 2016 against 2015 · 25 lines

Balance sheet Code20152016

Assets

Total assets20/58€150,164€194,162▲

Fixed assets21/28€36,435€43,800▲

Tangible fixed assets22/27€36,435€43,800▲

Current assets29/58€113,729€150,362▲

Stocks and contracts in progress3€15,810€19,939▲

Amounts receivable within one year40/41€46,788€59,162▲

Cash at bank and in hand54/58€51,131€71,261▲

Equity and liabilities

Total equity and liabilities10/49€150,164€194,162▲

Equity10/15€123,585€174,627▲

Contributions10/11€25,000€25,000=

Reserves13€2,500€2,500=

Profit (loss) carried forward14€96,085€147,127▲

Amounts payable17/49€26,579€19,535▼

Amounts payable within one year42/48€26,579€19,535▼

Trade debts44€12,609€6,612▼

Income statement Code20152016

Turnover70€307,745€393,954▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,838€10,167▲

Gross operating margin9900€69,309€129,995▲

Operating profit (loss)9901€17,699€59,343▲

Recurring financial income75€2,706€3,494▲

Recurring financial charges65€5,944€5,958▲

Profit (loss) for the period before taxes9903€14,461€56,879▲

Income taxes67/77€4,773€5,837▲

Profit (loss) for the period9904€9,688€51,042▲

Profit (loss) for the period to be appropriated9905€9,688€51,042▲

Line	2012	2013	2014	2015	2016	Change
Turnover70	€287,112	€315,604	€395,469	€307,745	€393,954	▲ 28.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€13,743	€13,959	€12,495	€8,838	€10,167	▲ 15.0%
Gross operating margin9900	€79,706	€80,082	€143,846	€69,309	€129,995	▲ 87.6%
Operating profit (loss)9901	€24,603	-€10,544	€54,790	€17,699	€59,343	▲ 235%
Recurring financial income75	€2,805	€2,395	€2,930	€2,706	€3,494	▲ 29.1%
Recurring financial charges65	€3,770	€5,970	€9,114	€5,944	€5,958	▲ 0.2%
Profit (loss) for the period before taxes9903	€23,638	-€14,119	€48,606	€14,461	€56,879	▲ 293%
Income taxes67/77	€7,720	€2,203	€13,500	€4,773	€5,837	▲ 22.3%
Profit (loss) for the period9904	€15,918	-€16,322	€35,106	€9,688	€51,042	▲ 427%
Profit (loss) for the period to be appropriated9905	€15,918	-€16,322	€35,106	€9,688	€51,042	▲ 427%

Line	2012	2013	2014	2015	2016	Change
Assets
Total assets20/58	€189,099	€138,108	€135,527	€150,164	€194,162	▲ 29.3%
Fixed assets21/28	€61,678	€50,699	€38,699	€36,435	€43,800	▲ 20.2%
Tangible fixed assets22/27	€61,678	€50,699	€38,699	€36,435	€43,800	▲ 20.2%
Current assets29/58	€127,421	€87,409	€96,828	€113,729	€150,362	▲ 32.2%
Stocks and contracts in progress3	€18,594	€22,484	€19,253	€15,810	€19,939	▲ 26.1%
Amounts receivable within one year40/41	€80,506	€38,417	€30,389	€46,788	€59,162	▲ 26.4%
Cash at bank and in hand54/58	€28,321	€26,508	€47,186	€51,131	€71,261	▲ 39.4%
Equity and liabilities
Total equity and liabilities10/49	€189,099	€138,108	€135,527	€150,164	€194,162	▲ 29.3%
Equity10/15	€95,113	€78,791	€113,897	€123,585	€174,627	▲ 41.3%
Contributions10/11	€25,000	€25,000	€25,000	€25,000	€25,000	=
Reserves13	€2,500	€2,500	€2,500	€2,500	€2,500	=
Profit (loss) carried forward14	€67,613	€51,291	€86,397	€96,085	€147,127	▲ 53.1%
Amounts payable17/49	€93,986	€59,317	€21,630	€26,579	€19,535	▼ 26.5%
Amounts payable after more than one year17	€7,209	-	-	-	-	-
Amounts payable within one year42/48	€86,777	€59,317	€21,630	€26,579	€19,535	▼ 26.5%
Trade debts44	€830	€7,620	€3,457	€12,609	€6,612	▼ 47.6%

Line	2012	2013	2014	2015	2016	Change
Profit (loss) for the period9904	€15,918	-€16,322	€35,106	€9,688	€51,042	▲ 427%
+ Depreciation and write-downs630	€13,743	€13,959	€12,495	€8,838	€10,167	▲ 15.0%
Operating cash flow (approximation)	€29,661	-€2,363	€47,601	€18,526	€61,209	▲ 230%
Investment in fixed assets (approximation)	-	-€2,980	-€495	-€6,574	-€17,532	▼ 167%
Change in cash	-	-€1,813	€20,678	€3,945	€20,130	▲ 410%

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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Filings with the National Bank (7)

Financial year	Type	Filed	Reference
31-12-2016	abbreviated format	29-05-2017	2017-13500372
31-12-2015	abbreviated format	08-06-2016	2016-16500296
31-12-2014	abbreviated format	28-05-2015	2015-13700272
31-12-2013	abbreviated format	13-06-2014	2014-18200439
31-12-2012	abbreviated format	11-06-2013	2013-16800033
31-12-2011	abbreviated format	13-06-2012	2012-17300061
31-12-2010	abbreviated format	25-05-2011	2011-12900147

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Of the 22,641 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,538. 8,549 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.