WELA
Open bankruptcyFinancials · financial year 2019, abbreviated format
Annual accounts 2019 filed on 30-07-2020 PDF all 4 filings
Turnover
≈ €87,000
Estimated: probably between €36,000 and €220,000
Total assets
€309,726▲ 1.9%
2018 · €303,946
Net result
€2,383▼ 42.0%
2018 · €4,107
Working capital
-€101,495▼ 26.9%
2018 · -€79,989
Trend over the years
2018 to 2019, 2 financial years 2018 to 2019, 2 financial years
The operating result for 2019 is 21% lower than in 2018.
Operating result€8,641
2019
Net result€2,383
2019
Total assets€309,726
2019
Equity€117,931
2019
Debt€191,795
2019
Working capital-€101,495
2019
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result€10,891-€8,641▼ 20.7%
Net result€4,107-€2,383▼ 42.0%
Equity€115,548-€117,931▲ 2.1%
Total assets€303,946-€309,726▲ 1.9%
Debt€188,398-€191,795▲ 1.8%
Working capital-€79,989--€101,495▼ 26.9%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €309,726
Fixed assets
€274,990 ▼ 3.0%
Current assets
€34,736 ▲ 71.0%
Equity and liabilities €309,726
Equity
€117,931 ▲ 2.1%
Debt
€191,795 ▲ 1.8%
Debt's share of the balance-sheet total falls from 62.0% to 61.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,117▼
2018 · €16,033
Cash flow
€2,859▼
2018 · €9,249
Current ratio
0.25▲
2018 · 0.20
Debt to equity
0.47▼
2018 · 0.76
ROE
2.0%▼
2018 · 3.6%
ROA
0.8%▼
2018 · 1.4%
Debt ≤ 1 year
€136,231▲
2018 · €100,305
Debt > 1 year
€55,317▼
2018 · €87,774
Income taxes
€1,284▼
2018 · €1,534
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,142 | €476 | ▼ 90.7% |
| Gross operating margin9900 | €17,240 | €12,865 | ▼ 25.4% |
| Operating profit (loss)9901 | €10,891 | €8,641 | ▼ 20.7% |
| Recurring financial income75 | €776 | €1,178 | ▲ 52.0% |
| Recurring financial charges65 | €6,026 | €6,152 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €5,641 | €3,667 | ▼ 35.0% |
| Income taxes67/77 | €1,534 | €1,284 | ▼ 16.3% |
| Profit (loss) for the period9904 | €4,107 | €2,383 | ▼ 42.0% |
| Profit (loss) for the period to be appropriated9905 | €4,107 | €2,383 | ▼ 42.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €303,946 | €309,726 | ▲ 1.9% |
| Fixed assets21/28 | €283,631 | €274,990 | ▼ 3.0% |
| Tangible fixed assets22/27 | €11,381 | €2,740 | ▼ 75.9% |
| Financial fixed assets28 | €272,250 | €272,250 | = |
| Current assets29/58 | €20,316 | €34,736 | ▲ 71.0% |
| Amounts receivable within one year40/41 | €16,621 | €33,530 | ▲ 102% |
| Cash at bank and in hand54/58 | €2,836 | €1,206 | ▼ 57.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €303,946 | €309,726 | ▲ 1.9% |
| Equity10/15 | €115,548 | €117,931 | ▲ 2.1% |
| Contributions10/11 | €12,400 | €12,400 | = |
| Reserves13 | €103,148 | €105,531 | ▲ 2.3% |
| Amounts payable17/49 | €188,398 | €191,795 | ▲ 1.8% |
| Amounts payable after more than one year17 | €87,774 | €55,317 | ▼ 37.0% |
| Amounts payable within one year42/48 | €100,305 | €136,231 | ▲ 35.8% |
| Trade debts44 | €17,098 | €57,659 | ▲ 237% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,107 | €2,383 | ▼ 42.0% |
| + Depreciation and write-downs630 | €5,142 | €476 | ▼ 90.7% |
| Operating cash flow (approximation) | €9,249 | €2,859 | ▼ 69.1% |
| Investment in fixed assets (approximation) | - | €8,165 | - |
| Change in cash | - | -€1,630 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.