WESTERLUND DISTRIBUTION

Inactive

KBO/BCE: BE 0404.801.190

No longer registered with the KBO; last annual accounts for fiscal year 2012.

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Signals

Three signals. The signal on the left, the evidence on the right.

○neutral

No filing for years

The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2013 close31-07-2014 deadline15-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 13-05-2013, 79 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2012, full schema

Turnover

€15.48M▲ 174%

2011 · €5.65M

2009: €16.32M 2010: €14.85M 2010: €6.18M 2011: €5.65M

2009 → 2012

EBIT margin

-0.9%▼ 0.2pp

2011 · -0.7%

2009: 6.7% 2010: 7.3% 2010: -0.5% 2011: -0.7%

2009 → 2012

Net result

€52k

2011 · €-28k

2009: €18k 2010: €800k 2010: €11k 2011: €-28k

2009 → 2012

Working capital

€1.45M▼ 47.9%

2011 · €2.78M

2009: €6.55M 2010: €2.33M 2010: €2.37M 2011: €2.78M

2009 → 2012

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20092010201020112012Trend

Turnover€16.32M-€14.85M▼ 9.0%€6.18M▼ 58.4%€5.65M▼ 8.5%€15.48M▲ 174%

Equity€1.66M-€2.46M▲ 48.3%€2.47M▲ 0.4%€2.44M▼ 1.1%€291k▼ 88.1%

Operating result€1.09M-€1.09M▼ 0.2%€-28k€-37k▼ 31.0%€-137k▼ 269%

Net result€18k-€800k▲ 4,256%€11k▼ 98.6%€-28k€52k

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €137k in 2012 against €37k in 2011; the loss grows and 2012 is the lowest year so far.

Balance-sheet composition

2012 in colour, 2011 as the grey bar beneath

Assets €6.36M

99.2%

Fixed assets €49k▼ 45.9%

Current assets €6.31M▼ 3.8%

Equity and liabilities €6.36M

95.4%

Equity €291k▼ 88.1%

Debt €6.07M▲ 44.1%

The debt ratio rises from 63.3% to 95.4%: debt grows while equity shrinks.

Key figures and ratios

2012 value · change against 2011

EBITDA

€-95k▼

2011 · €5k

Cash flow

€94k▲

2011 · €14k

Solvency

4.6%▼

2011 · 36.7%

Current ratio

1.30▼

2011 · 1.73

Quick ratio

1.30▼

2011 · 1.73

ROE

18.0%▲

2011 · -1.1%

ROA

0.8%▲

2011 · -0.4%

Interest coverage

-8.43▼

2011 · 1.04

Debt

€6.07M▲

2011 · €4.21M

Debt ≤ 1 year

€4.86M▲

2011 · €3.78M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2012 against 2011

Balance sheet Code20112012

Assets

Total assets20/58€6.65M€6.36M▼

Fixed assets21/28€91k€49k▼

Intangible fixed assets21€90k€48k▼

Tangible fixed assets22/27€684€552▼

Financial fixed assets28€136€136=

Current assets29/58€6.56M€6.31M▼

Amounts receivable within one year40/41€5.36M€5.12M▼

Cash at bank and in hand54/58€404k€132k▼

Equity and liabilities

Total equity and liabilities10/49€6.65M€6.36M▼

Equity10/15€2.44M€291k▼

Contributions10/11€104k€104k=

Reserves13€2.33M€187k▼

Amounts payable17/49€4.21M€6.07M▲

Amounts payable within one year42/48€3.78M€4.86M▲

Trade debts44€2.20M€1.94M▼

Income statement Code20112012

Turnover70€5.65M€15.48M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€42k▲

Operating profit (loss)9901€-37k€-137k▼

Recurring financial income75€69k€235k▲

Recurring financial charges65€28k€45k▲

Debt charges650€4k€11k▲

Profit (loss) for the period before taxes9903€4k€52k▲

Income taxes67/77€32k-

Profit (loss) for the period9904€-28k€52k▲

Profit (loss) for the period to be appropriated9905€-28k€52k▲

Appropriation of the result

Return on contributions (dividend)694-€2.20M

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Timeline · acts, filings and financial milestones

All 16Financial 4Gazette 2Filings 10

2013

15-07

State Gazette act General meeting · Merger

Accounting effect · Balance sheet date

14-05

State Gazette act Board meeting · Merger

Accounting effect · Real estate

13-05

NBB filing Annual accounts filed

fiscal year 2012 · full schema

2012

31-12

Financial Back to profitnet €52k

Net result €52k after one loss-making year.

22-06

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

31-12

Financial Weakest financial yearnet €-28k ▼356%

Net result drops to €-28k, the lowest in the series.

12-07

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

31-12

NBB filing Annual accounts filed

fiscal year 2010 · full schema

30-06

Financial Highest result since 2009net €800k ▲4256%

Net result €800k, the highest in the series.

30-06

Financial Equity above €2MEq €2.46M ▲48.3%

2 profitable years in a row build equity to €2.46M.

26-02

NBB filing Annual accounts filed

fiscal year 2009 · full schema · 26 days late

2009

06-01

NBB filing Annual accounts filed

fiscal year 2008 · full schema

2007

16-07

NBB filing Annual accounts filed

fiscal year 2006 · full schema

2006

12-07

NBB filing Annual accounts filed

fiscal year 2005 · full schema

2005

01-06

NBB filing Annual accounts filed

fiscal year 2004 · full schema

2004

03-06

NBB filing Annual accounts filed

fiscal year 2003 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Structure & network

Acquisitions and mergers

1 transaction

Taken over by:EUROPORTS TERMINALS LEFTBANK

BE 0404.811.682operation treated as a merger by absorption · State Gazette act of 15-07-2013 (2 acts) · effective 28-06-2013