WIDICO
InactiveFinancials · financial year 2017, abbreviated format
Annual accounts 2017 filed on 09-03-2018 PDF all 17 filings
Turnover
≈ €67,000
Estimated: probably between €28,000 and €170,000
Total assets
€1.2m▼ 0.2%
2016 · €1.2m
Net result
-€7,173
2016 · €17,051
Working capital
-€356,550▼ 7.9%
2016 · -€330,465
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
€7,752
▼ 79.7%
2017
20132017
Net result
-€7,173
2017
20132017
Equity
€616,633
▼ 1.1%
2017
20132017
Total assets
€1.2m
▼ 0.2%
2017
20132017
Debt
€570,516
▲ 0.9%
2017
20132017
Working capital
-€356,550
▼ 7.9%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€0.06m-€0.05m▼ 6.7%€0.05m▲ 1.8%€0.04m▼ 28.2%€0.008m▼ 79.7%
Net result€0.03m-€0.02m▼ 16.3%€0.03m▲ 8.2%€0.02m▼ 34.6%-€0.007m
Equity€0.6m-€0.6m▲ 4.3%€0.6m▲ 4.5%€0.6m▲ 2.8%€0.6m▼ 1.1%
Total assets€1.2m-€1.2m▲ 0.4%€1.2m▼ 0.3%€1.2m▲ 0.4%€1.2m▼ 0.2%
Debt€0.6m-€0.6m▼ 3.0%€0.6m▼ 4.8%€0.6m▼ 2.2%€0.6m▲ 0.9%
Working capital-€0.3m--€0.3m▼ 10.2%-€0.3m▼ 5.6%-€0.3m▼ 2.8%-€0.4m▼ 7.9%
The operating result for 2017 is 80% lower than in 2016 and the lowest since 2013. It is the second fall in a row.
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
2017 in colour, 2016 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m =
Current assets
€3,587 ▼ 34.3%
Equity and liabilities €1.2m
Equity
€616,633 ▼ 1.1%
Provisions
€54,427 =
Debt
€570,516 ▲ 0.9%
Debt's share of the balance-sheet total rises from 45.5% to 46.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,918▼
2016 · €38,554
Cash flow
-€7,007▼
2016 · €17,357
Current ratio
0.01▼
2016 · 0.02
Debt to equity
0.34▼
2016 · 0.37
ROE
-1.2%▼
2016 · 2.7%
ROA
-0.6%▼
2016 · 1.4%
Debt ≤ 1 year
€360,137▲
2016 · €335,926
Debt > 1 year
€207,966▼
2016 · €228,735
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €278 | €173 | €306 | €306 | €166 | ▼ 45.8% |
| Gross operating margin9900 | €56,509 | €52,658 | €53,710 | €39,666 | €9,912 | ▼ 75.0% |
| Operating profit (loss)9901 | €56,133 | €52,384 | €53,302 | €38,248 | €7,752 | ▼ 79.7% |
| Recurring financial income75 | €1 | €1 | - | €182 | - | - |
| Recurring financial charges65 | €18,369 | €16,891 | €16,595 | €15,113 | €14,925 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €37,765 | €35,494 | €36,640 | €23,317 | -€7,173 | - |
| Income taxes67/77 | €8,989 | €11,421 | €10,585 | €6,266 | - | - |
| Profit (loss) for the period9904 | €28,776 | €24,073 | €26,055 | €17,051 | -€7,173 | - |
| Profit (loss) for the period to be appropriated9905 | €28,776 | €24,073 | €26,055 | €17,051 | -€7,173 | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 0.2% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Tangible fixed assets22/27 | - | €346 | €473 | €167 | - | - |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €16 | €0.005m | €0.001m | €0.005m | €0.004m | ▼ 34.3% |
| Amounts receivable within one year40/41 | - | €0.003m | - | €0.005m | - | - |
| Cash at bank and in hand54/58 | €16 | €0.002m | €0.001m | €0.001m | €0.004m | ▲ 373% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 0.2% |
| Equity10/15 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 1.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | - | - | - | - | -€0.007m | - |
| Provisions and deferred taxes16 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Amounts payable17/49 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 0.9% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 9.1% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 7.2% |
| Trade debts44 | €0.2m | €0.02m | €0.02m | €0.03m | €0.03m | ▼ 11.1% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,776 | €24,073 | €26,055 | €17,051 | -€7,173 | - |
| + Depreciation and write-downs630 | €278 | €173 | €306 | €306 | €166 | ▼ 45.8% |
| Operating cash flow (approximation) | €29,054 | €24,246 | €26,361 | €17,357 | -€7,007 | - |
| Investment in fixed assets (approximation) | - | -€519 | -€1,433 | €0 | €1 | - |
| Change in cash | - | €2,286 | -€1,718 | €174 | €2,829 | ▲ 16× |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2017 | abbreviated format | 09-03-2018 | 2018-06600269 | |
| 30-09-2016 | abbreviated format | 07-03-2017 | 2017-06000002 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-08900142 | |
| 30-09-2014 | abbreviated format | 18-03-2015 | 2015-06600315 | |
| 30-09-2013 | abbreviated format | 04-03-2014 | 2014-06000185 | |
| 30-09-2012 | abbreviated format | 06-03-2013 | 2013-05900579 | |
| 30-09-2011 | abbreviated format | 29-03-2012 | 2012-07500061 | |
| 30-09-2010 | abbreviated format | 16-03-2011 | 2011-06000065 | |
| 30-09-2009 | abbreviated format | 23-03-2010 | 2010-07400197 | |
| 30-09-2008 | abbreviated format | 17-03-2009 | 2009-07800117 |