CITADELCONGRES

Inactive

KBO/BCE: BE 0832.171.908

Inactive; last annual accounts for fiscal year 2015.

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Signals

1 signal. The signal on the left, the evidence on the right.

+raises risk

Filed more than 90 days late

The financial year that closed on 31-08-2015 was due by 31-03-2016 and was filed on 14-07-2016, 105 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2015

105 d late

2014

59 d early

2013

44 d early

2012

40 d early

2011

6 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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 2015, abbreviated schema

Turnover

€116k▲ 48.6%

2011 · €78k

2011: €78k

2011 → 2012

EBIT margin

99.5%▲ 22.5pp

2011 · 77.0%

2011: 77.0%

2011 → 2012

Net result

€69k

2014 · €-49k

2011: €-105k 2012: €102k 2013: €-59k 2014: €-49k

2011 → 2015

Working capital

€3.58M▲ 7.7%

2014 · €3.33M

2011: €2.14M 2012: €4.13M 2013: €3.75M 2014: €3.33M

2011 → 2015

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20112012201320142015Trend

Turnover€78k-€116k▲ 48.6%

Equity€-43k-€59k€-454€-49k▼ 10,767%€19k

Operating result€60k-€115k▲ 91.9%€80k▼ 30.8%€81k▲ 1.9%€83k▲ 2.3%

Net result€-105k-€102k€-59k€-49k▲ 17.2%€69k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2013 the operating result has climbed two years in a row; 2015 is 2% above 2014.

Balance-sheet composition

2015 in colour, 2014 as the grey bar beneath

Assets €5.72M

34.1%

65.9%

Fixed assets €1.95M ▼ 51.4%

Current assets €3.77M ▲ 1.8%

Equity and liabilities €5.72M

99.7%

Equity €19k

Debt €5.70M

Debt finances 99.7% of the balance-sheet total.

Key figures and ratios

2015 value · change against 2014

Current ratio

19.87▲

2014 · 9.84

ROE

353.2%

ROA

1.2%▲

2014 · -0.6%

Debt ≤ 1 year

€190k▼

2014 · €376k

Debt > 1 year

€5.51M▼

2014 · €7.22M

A ratio outside any meaningful range has been withheld (balance sheet total €5.72M, equity €19k).

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 · 20 lines

Balance sheet Code20142015

Assets

Total assets20/58€7.71M€5.72M▼

Fixed assets21/28€4.01M€1.95M▼

Financial fixed assets28€4.01M€1.95M▼

Current assets29/58€3.70M€3.77M▲

Amounts receivable within one year40/41€3.39M€3.66M▲

Cash at bank and in hand54/58€312k€111k▼

Equity and liabilities

Total equity and liabilities10/49€7.71M€5.72M▼

Equity10/15€-49k€19k▲

Contributions10/11€62k€62k=

Profit (loss) carried forward14€-111k€-42k▲

Amounts payable17/49€7.76M€5.70M▼

Amounts payable after more than one year17€7.22M€5.51M▼

Amounts payable within one year42/48€376k€190k▼

Income statement Code20142015

Gross operating margin9900€82k€84k▲

Operating profit (loss)9901€81k€83k▲

Recurring financial income75€151k€90k▼

Recurring financial charges65€281k€134k▼

Profit (loss) for the period before taxes9903€-49k€69k▲

Profit (loss) for the period9904€-49k€69k▲

Profit (loss) for the period to be appropriated9905€-49k€69k▲

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Timeline · acts, filings and financial milestones

All 11Financial 4Gazette 2Filings 5

2016

14-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 105 days late

2015

22-12

State Gazette act General meeting · Merger

Accounting effect · Net-asset statement · Christophe BLINDEMAN

06-10

State Gazette act Merger · Capital

Capital increase · Share issue

31-08

Financial Back to profitnet €69k

Net result €69k after 2 loss-making years.

31-08

Financial Liquidity doublescurrent ratio 19.87

Current ratio from 9.84 to 19.87; short-term debt falls from €376k to €190k.

02-06

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2014

17-06

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema

2013

21-06

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

2012

31-12

Financial Back to profitnet €102k

Net result €102k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 12.74

Current ratio from 4.69 to 12.74; short-term debt falls from €580k to €351k.

25-07

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated 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:CITADEL FINANCE

BE 0447.332.425merger by absorption · State Gazette act of 22-12-2015 (2 acts) · effective 03-12-2015