W34
InactiveInactive; last annual accounts for fiscal year 2015.
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 22-09-2015 was due by 22-04-2016 and was filed on 16-12-2015, 128 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2015
128 d early
2014
52 d early
2013
20 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2015, full schema
Turnover
€7.21M▼ 28.0%
2014 · €10.01M
2013: €4.86Mlowest in 3 years
2014: €10.01M▲ +106% vs 2013highest in 3 years
2015: €7.21M▼ -28.0% vs 2014
2013 → 2015
EBIT margin
-2.2%▼ 2.3pp
2014 · 0.1%
2013: -3.1%lowest in 3 years
2014: 0.1%▲ +102% vs 2013highest in 3 years
2015: -2.2%▼ -3366% vs 2014
2013 → 2015
Net result
€-159k
2014 · €5k
2013: €-153k
2014: €5k▲ +103% vs 2013highest in 3 years
2015: €-159k▼ -3345% vs 2014lowest in 3 years
2013 → 2015
Working capital
€949k▼ 85.0%
2014 · €6.33M
2013: €9.76Mhighest in 3 years
2014: €6.33M▼ -35.2% vs 2013
2015: €949k▼ -85.0% vs 2014lowest in 3 years
2013 → 2015
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201320142015Trend
Turnover€4.86M-€10.01M▲ 106%€7.21M▼ 28.0%
2013: €4.86Mlowest in 3 years
2014: €10.01M▲ +106% vs 2013highest in 3 years
2015: €7.21M▼ -28.0% vs 2014
Equity€8.45M-€8.45M▲ 0.1%€8.29M▼ 1.9%
2013: €8.45M
2014: €8.45M▲ +0.1% vs 2013highest in 3 years
2015: €8.29M▼ -1.9% vs 2014lowest in 3 years
Operating result€-152k-€7k€-158k
2013: €-152k
2014: €7k▲ +104% vs 2013highest in 3 years
2015: €-158k▼ -2452% vs 2014lowest in 3 years
Net result€-153k-€5k€-159k
2013: €-153k
2014: €5k▲ +103% vs 2013highest in 3 years
2015: €-159k▼ -3345% vs 2014lowest in 3 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2015: a loss of €158k after €7k in 2014, the lowest result in the available series.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €8.87M
Fixed assets
€7.34M ▲ 245%
Current assets
€1.53M ▼ 81.7%
Equity and liabilities €8.87M
Equity
€8.29M ▼ 1.9%
Debt
€580k ▼ 71.6%
Debt's share of the balance-sheet total falls from 19.4% to 6.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.64▼
2014 · 4.10
Quick ratio
2.23▼
2014 · 4.10
ROE
-1.9%▼
2014 · 0.1%
ROA
-1.8%▼
2014 · 0.0%
Debt ≤ 1 year
€580k▼
2014 · €2.04M
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 · 2015 against 2014 · 23 lines
Balance sheet
Code20142015
Assets
Total assets20/58€10.49M€8.87M▼
Fixed assets21/28€2.13M€7.34M▲
Tangible fixed assets22/27€69k€69k=
Financial fixed assets28€2.06M€7.28M▲
Current assets29/58€8.36M€1.53M▼
Stocks and contracts in progress3€4.84M€237k▼
Amounts receivable within one year40/41€2.90M€1.11M▼
Cash at bank and in hand54/58€610k€130k▼
Equity and liabilities
Total equity and liabilities10/49€10.49M€8.87M▼
Equity10/15€8.45M€8.29M▼
Contributions10/11€8.60M€8.60M=
Profit (loss) carried forward14€-148k€-308k▼
Amounts payable17/49€2.04M€580k▼
Amounts payable within one year42/48€2.04M€580k▼
Trade debts44€1.92M€461k▼
Income statement
Code20142015
Turnover70€10.01M€7.21M▼
Operating profit (loss)9901€7k€-158k▼
Recurring financial income75€2k€524▼
Recurring financial charges65€4k€2k▼
Debt charges650€3k-
Profit (loss) for the period before taxes9903€5k€-159k▼
Profit (loss) for the period9904€5k€-159k▼
Profit (loss) for the period to be appropriated9905€5k€-159k▼
Accounts by statement
| Line | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|
| Turnover70 | €4.86M | €10.01M | €7.21M | ▼ 28.0% |
| Operating profit (loss)9901 | €-152k | €7k | €-158k | ▼ 2,452% |
| Recurring financial income75 | €71 | €2k | €524 | ▼ 71.2% |
| Recurring financial charges65 | €1k | €4k | €2k | ▼ 52.5% |
| Debt charges650 | €467 | €3k | - | - |
| Profit (loss) for the period before taxes9903 | €-153k | €5k | €-159k | ▼ 3,345% |
| Profit (loss) for the period9904 | €-153k | €5k | €-159k | ▼ 3,345% |
| Profit (loss) for the period to be appropriated9905 | €-153k | €5k | €-159k | ▼ 3,345% |
| Line | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10.20M | €10.49M | €8.87M | ▼ 15.4% |
| Fixed assets21/28 | - | €2.13M | €7.34M | ▲ 245% |
| Tangible fixed assets22/27 | - | €69k | €69k | = |
| Financial fixed assets28 | - | €2.06M | €7.28M | ▲ 254% |
| Current assets29/58 | €10.20M | €8.36M | €1.53M | ▼ 81.7% |
| Stocks and contracts in progress3 | €5.72M | €4.84M | €237k | ▼ 95.1% |
| Amounts receivable within one year40/41 | €4.24M | €2.90M | €1.11M | ▼ 61.9% |
| Cash at bank and in hand54/58 | €236k | €610k | €130k | ▼ 78.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10.20M | €10.49M | €8.87M | ▼ 15.4% |
| Equity10/15 | €8.45M | €8.45M | €8.29M | ▼ 1.9% |
| Contributions10/11 | €8.60M | €8.60M | €8.60M | = |
| Profit (loss) carried forward14 | €-153k | €-148k | €-308k | ▼ 108% |
| Amounts payable17/49 | €1.75M | €2.04M | €580k | ▼ 71.6% |
| Amounts payable after more than one year17 | €1.31M | - | - | - |
| Amounts payable within one year42/48 | €438k | €2.04M | €580k | ▼ 71.6% |
| Trade debts44 | €424k | €1.92M | €461k | ▼ 76.1% |
| Line | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-153k | €5k | €-159k | ▼ 3,345% |
| Operating cash flow (approximation) | €-153k | €5k | €-159k | ▼ 3,345% |
| Investment in fixed assets (approximation) | - | - | €-5.22M | - |
| Change in cash | - | €373k | €-480k | ▼ 229% |
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
2015
16-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
09-10
State Gazette act
Board meeting · Merger
Share cancellation · Net-asset statement
22-09
Financial
Weakest financial yearnet €-159k
Net result drops to €-159k, the lowest in the series.
03-08
State Gazette act
Merger · Accounting effect
09-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:COFINIMMO