WITTE
InactiveFinancials · financial year 2017, abbreviated format
Annual accounts 2017 filed on 26-03-2018 PDF all 32 filings
Turnover
≈ €170,000
Estimated: probably between €110,000 and €340,000
Total assets
€315,009▼ 2.7%
2016 · €323,584
Net result
€32,944▼ 29.1%
2016 · €46,472
Working capital
€198,237▲ 41.4%
2016 · €140,210
Trend over the years
2013 to 2017, 5 financial years 2013 to 2017, 5 financial years
The operating result for 2017 is 33% lower than in 2016.
Operating result€48,599
2017
Net result€32,944
2017
Total assets€315,009
2017
Equity€209,526
2017
Debt€105,483
2017
Working capital€198,237
2017
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
Line20132014201520162017
Operating result€24,994-€85,262▲ 241%€45,748▼ 46.3%€72,187▲ 57.8%€48,599▼ 32.7%
Net result€20,663-€73,041▲ 253%€37,656▼ 48.4%€46,472▲ 23.4%€32,944▼ 29.1%
Equity€89,414-€122,455▲ 37.0%€130,111▲ 6.3%€176,582▲ 35.7%€209,526▲ 18.7%
Total assets€234,868-€279,603▲ 19.0%€285,817▲ 2.2%€323,584▲ 13.2%€315,009▼ 2.7%
Debt€96,554-€157,148▲ 62.8%€155,706▼ 0.9%€147,002▼ 5.6%€105,483▼ 28.2%
Working capital€103,414-€126,125▲ 22.0%€126,961▲ 0.7%€140,210▲ 10.4%€198,237▲ 41.4%
Turnover and EBIT margin are not published. The abbreviated or micro 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 €315,009
Fixed assets
€11,289 ▼ 77.2%
Current assets
€303,720 ▲ 10.9%
Equity and liabilities €315,009
Equity
€209,526 ▲ 18.7%
Debt
€105,483 ▼ 28.2%
Debt's share of the balance-sheet total falls from 45.4% to 33.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51,689▼
2016 · €85,348
Cash flow
€36,034▼
2016 · €59,632
Current ratio
2.88▲
2016 · 2.05
Quick ratio
2.64▲
2016 · 1.77
ROE
15.7%▼
2016 · 26.3%
ROA
10.5%▼
2016 · 14.4%
Debt ≤ 1 year
€105,483▼
2016 · €133,754
Income taxes
€15,007▼
2016 · €26,660
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 | €9,794 | €9,421 | €4,727 | €13,161 | €3,090 | ▼ 76.5% |
| Gross operating margin9900 | €14,917 | €63,969 | €60,164 | €98,691 | €62,855 | ▼ 36.3% |
| Operating profit (loss)9901 | €24,994 | €85,262 | €45,748 | €72,187 | €48,599 | ▼ 32.7% |
| Recurring financial income75 | €2,897 | €4,846 | €3,016 | €2,258 | €195 | ▼ 91.4% |
| Recurring financial charges65 | €721 | €802 | €1,544 | €1,314 | €843 | ▼ 35.9% |
| Profit (loss) for the period before taxes9903 | €27,169 | €89,306 | €48,561 | €73,131 | €47,951 | ▼ 34.4% |
| Income taxes67/77 | €6,506 | €16,265 | €10,906 | €26,660 | €15,007 | ▼ 43.7% |
| Profit (loss) for the period9904 | €20,663 | €73,041 | €37,656 | €46,472 | €32,944 | ▼ 29.1% |
| Profit (loss) for the period to be appropriated9905 | €20,663 | €73,041 | €37,656 | €46,472 | €32,944 | ▼ 29.1% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €234,868 | €279,603 | €285,817 | €323,584 | €315,009 | ▼ 2.7% |
| Fixed assets21/28 | €34,900 | €28,151 | €18,630 | €49,621 | €11,289 | ▼ 77.2% |
| Tangible fixed assets22/27 | €34,400 | €27,650 | €18,264 | €49,154 | €10,823 | ▼ 78.0% |
| Financial fixed assets28 | €500 | €500 | €366 | €466 | €466 | = |
| Current assets29/58 | €199,968 | €251,452 | €267,187 | €273,964 | €303,720 | ▲ 10.9% |
| Stocks and contracts in progress3 | €2,850 | €7,659 | €2,900 | €37,025 | €25,643 | ▼ 30.7% |
| Amounts receivable within one year40/41 | €77,461 | €64,524 | €79,431 | €69,128 | €65,669 | ▼ 5.0% |
| Current investments50/53 | €25,000 | €25,000 | €25,000 | - | - | - |
| Cash at bank and in hand54/58 | €94,545 | €153,561 | €158,418 | €167,218 | €212,262 | ▲ 26.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €234,868 | €279,603 | €285,817 | €323,584 | €315,009 | ▼ 2.7% |
| Equity10/15 | €89,414 | €122,455 | €130,111 | €176,582 | €209,526 | ▲ 18.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €7,460 | €7,460 | €60,050 | €60,050 | €60,050 | = |
| Profit (loss) carried forward14 | €63,354 | €96,395 | €51,460 | €97,932 | €130,876 | ▲ 33.6% |
| Provisions and deferred taxes16 | €48,900 | - | - | - | - | - |
| Amounts payable17/49 | €96,554 | €157,148 | €155,706 | €147,002 | €105,483 | ▼ 28.2% |
| Amounts payable after more than one year17 | - | €31,821 | €15,481 | €13,248 | - | - |
| Amounts payable within one year42/48 | €96,554 | €125,327 | €140,226 | €133,754 | €105,483 | ▼ 21.1% |
| Trade debts44 | €58,507 | €40,017 | €71,341 | €75,428 | €59,579 | ▼ 21.0% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,663 | €73,041 | €37,656 | €46,472 | €32,944 | ▼ 29.1% |
| + Depreciation and write-downs630 | €9,794 | €9,421 | €4,727 | €13,161 | €3,090 | ▼ 76.5% |
| Operating cash flow (approximation) | €30,457 | €82,462 | €42,383 | €59,632 | €36,034 | ▼ 39.6% |
| Investment in fixed assets (approximation) | - | -€2,671 | €4,793 | -€44,151 | €35,241 | - |
| Change in cash | - | €59,016 | €4,858 | €8,800 | €45,044 | ▲ 412% |
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 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | abbreviated format | 26-03-2018 | 2018-07800523 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-23500161 | |
| 31-12-2015 | abbreviated format | 28-07-2016 | 2016-37400270 | |
| 31-12-2014 | abbreviated format | 30-07-2015 | 2015-38200040 | |
| 31-12-2013 | abbreviated format | 11-08-2014 | 2014-41300171 | |
| 31-12-2012 | abbreviated format | 30-07-2013 | 2013-37900351 | |
| 31-12-2011 | abbreviated format | 26-07-2012 | 2012-34500561 | |
| 31-12-2010 | abbreviated format | 25-07-2011 | 2011-32200141 | |
| 31-12-2009 | abbreviated format | 16-07-2010 | 2010-31200566 | |
| 31-12-2008 | abbreviated format | 27-07-2009 | 2009-48800178 |