VULCAST
Bankruptcy closedFinancials · financial year 2019, full format
2019 annual accounts filed 60 days after the deadline Filed on 29 September 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-56600371.
Annual accounts 2019 filed on 29-09-2020 PDF all 26 filings
Turnover
€9.5m▼ 9.5%
2018 · €10.5m
EBIT margin
-25.3%▲ 7.8pp
2018 · -33.0%
Net result
€136,668▼ 93.8%
2018 · €2.2m
Working capital
€1.1m
2018 · -€1.5m
Multi-year overview
2018 to 2019, 2 financial yearsTurnover
€9.5m
▼ 9.5%
2019
20182019
Operating result
-€2.4m
▲ 30.7%
2019
20182019
Net result
€136,668
▼ 93.8%
2019
20182019
EBIT margin
-25.3%
▲ 7.8pp
2019
20182019
Equity
€1.1m
▲ 14.2%
2019
20182019
Total assets
€6.8m
▼ 8.5%
2019
20182019
Debt
€5.5m
▼ 10.1%
2019
20182019
Working capital
€1.1m
2019
20182019
Staff (FTE)
78.4
▼ 6.7%
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Turnover€10.5m-€9.5m▼ 9.5%
Operating result-€3.5m--€2.4m▲ 30.7%
Net result€2.2m-€0.1m▼ 93.8%
EBIT margin-33.0%--25.3%▲ 7.8pp
Equity€1.0m-€1.1m▲ 14.2%
Total assets€7.5m-€6.8m▼ 8.5%
Debt€6.1m-€5.5m▼ 10.1%
Working capital-€1.5m-€1.1m
Staff (FTE)84-78.4▼ 6.7%
The operating result for 2019 is a loss of €2.4m, smaller than the loss of €3.5m in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €6.8m
Fixed assets
€2.3m ▼ 19.4%
Current assets
€4.6m ▼ 1.9%
Equity and liabilities €6.8m
Equity
€1.1m ▲ 14.2%
Provisions
€220,738 ▼ 40.7%
Debt
€5.5m ▼ 10.1%
Debt's share of the balance-sheet total falls from 82.2% to 80.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€1.7m▲
2018 · -€2.7m
Cash flow
€841,605▼
2018 · €3.0m
Current ratio
1.31▲
2018 · 0.76
Quick ratio
0.90▲
2018 · 0.47
Debt to equity
1.83▲
2018 · 0.02
ROE
12.4%▼
2018 · 229.4%
ROA
2.0%▼
2018 · 29.5%
Interest coverage
-34.86▼
2018 · -14.74
Debt ≤ 1 year
€3.5m▼
2018 · €6.1m
Debt > 1 year
€2.0m▲
2018 · €21,582
Income taxes
€10,651▼
2018 · €137,829
Customer credit
42 days▼
2018 · 60 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €10.5m | €9.5m | ▼ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.8m | €0.7m | ▼ 8.3% |
| Operating profit (loss)9901 | -€3.5m | -€2.4m | ▲ 30.7% |
| Recurring financial income75 | €0.02m | €0.02m | ▲ 45.4% |
| Recurring financial charges65 | €0.2m | €0.06m | ▼ 69.0% |
| Debt charges650 | €0.2m | €0.05m | ▼ 73.4% |
| Profit (loss) for the period before taxes9903 | €2.3m | €0.1m | ▼ 93.7% |
| Income taxes67/77 | €0.1m | €0.01m | ▼ 92.3% |
| Profit (loss) for the period9904 | €2.2m | €0.1m | ▼ 93.8% |
| Profit (loss) for the period to be appropriated9905 | €2.2m | €0.1m | ▼ 93.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €7.5m | €6.8m | ▼ 8.5% |
| Fixed assets21/28 | €2.8m | €2.3m | ▼ 19.4% |
| Tangible fixed assets22/27 | €2.8m | €2.2m | ▼ 20.3% |
| Financial fixed assets28 | €0.01m | €0.04m | ▲ 227% |
| Current assets29/58 | €4.7m | €4.6m | ▼ 1.9% |
| Stocks and contracts in progress3 | €1.8m | €1.4m | ▼ 18.1% |
| Amounts receivable within one year40/41 | €1.7m | €1.1m | ▼ 36.1% |
| Cash at bank and in hand54/58 | €25 | €0.2m | ▲ 8,864× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €7.5m | €6.8m | ▼ 8.5% |
| Equity10/15 | €1.0m | €1.1m | ▲ 14.2% |
| Contributions10/11 | €1.4m | €1.4m | = |
| Reserves13 | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.3m | ▲ 28.4% |
| Provisions and deferred taxes16 | €0.4m | €0.2m | ▼ 40.7% |
| Amounts payable17/49 | €6.1m | €5.5m | ▼ 10.1% |
| Amounts payable after more than one year17 | €0.02m | €2.0m | ▲ 93× |
| Amounts payable within one year42/48 | €6.1m | €3.5m | ▼ 42.9% |
| Trade debts44 | €1.9m | €2.2m | ▲ 15.4% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2.2m | €0.1m | ▼ 93.8% |
| + Depreciation and write-downs630 | €0.8m | €0.7m | ▼ 8.3% |
| Operating cash flow (approximation) | €3.0m | €0.8m | ▼ 71.7% |
| Investment in fixed assets (approximation) | - | -€0.2m | - |
| Change in cash | - | €0.2m | - |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | full format | 29-09-2020 | 2020-56600371 | |
| 31-12-2018 | full format | 18-07-2019 | 2019-34300600 | |
| 31-12-2017 | full format | 01-08-2018 | 2018-42400457 | |
| 31-12-2016 | full format | 07-07-2017 | 2017-29100302 | |
| 31-12-2015 | full format | 12-07-2016 | 2016-30900128 | |
| 31-12-2014 | full format | 09-06-2015 | 2015-16100173 | |
| 31-12-2013 | full format | 11-07-2014 | 2014-29400002 | |
| 31-12-2012 | full format | 18-06-2013 | 2013-18500264 | |
| 31-12-2011 | full format | 20-06-2012 | 2012-19800319 | |
| 31-12-2010 | full format | 24-06-2011 | 2011-20300463 |