COPACO

Inactive

KBO/BCE: BE 0405.396.949

Inactive; last annual accounts for fiscal year 2014.

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COPACOInactive

Risk analysis Report Compare

Signals

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

+raises risk○neutral

Annual accounts not filed

The financial year that closed on 31-12-2015 was due at the National Bank by 31-07-2016. Nothing is on record, 3708 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2015 close31-07-2016 deadline25-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2014 was due by 31-07-2015 and was filed on 31-08-2015, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2015

not filed

2014

31 d late

2013

29 d late

2012

29 d late

2011

30 d late

2010

19 d early

2009

24 d late

← 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 2014, full schema

Turnover

€15.42M▼ 1.8%

2013 · €15.71M

2010: €18.15Mhighest in 5 years 2011: €16.87M▼ -7.0% vs 2010 2012: €14.43M▼ -14.5% vs 2011lowest in 5 years 2013: €15.71M▲ +8.9% vs 2012 2014: €15.42M▼ -1.8% vs 2013

2010 → 2014

EBIT margin

5.3%▼ 1.0pp

2013 · 6.3%

2010: 6.5%highest in 5 years 2011: 4.2%▼ -35.4% vs 2010 2012: 3.8%▼ -8.7% vs 2011lowest in 5 years 2013: 6.3%▲ +63.0% vs 2012 2014: 5.3%▼ -15.5% vs 2013

2010 → 2014

Net result

€734k▼ 16.4%

2013 · €877k

2010: €725k 2011: €1.02M▲ +40.8% vs 2010highest in 5 years 2012: €333k▼ -67.4% vs 2011lowest in 5 years 2013: €877k▲ +164% vs 2012 2014: €734k▼ -16.4% vs 2013

2010 → 2014

Working capital

€10.51M▼ 3.1%

2013 · €10.84M

2010: €9.83Mlowest in 5 years 2011: €10.45M▲ +6.3% vs 2010 2012: €10.33M▼ -1.2% vs 2011 2013: €10.84M▲ +4.9% vs 2012highest in 5 years 2014: €10.51M▼ -3.1% vs 2013

2010 → 2014

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20102011201220132014Trend

Turnover€18.15M-€16.87M▼ 7.0%€14.43M▼ 14.5%€15.71M▲ 8.9%€15.42M▼ 1.8% 2010: €18.15Mhighest in 5 years 2011: €16.87M▼ -7.0% vs 2010 2012: €14.43M▼ -14.5% vs 2011lowest in 5 years 2013: €15.71M▲ +8.9% vs 2012 2014: €15.42M▼ -1.8% vs 2013

Equity€9.95M-€9.47M▼ 4.8%€9.80M▲ 3.5%€10.68M▲ 8.9%€10.61M▼ 0.6% 2010: €9.95M 2011: €9.47M▼ -4.8% vs 2010lowest in 5 years 2012: €9.80M▲ +3.5% vs 2011 2013: €10.68M▲ +8.9% vs 2012highest in 5 years 2014: €10.61M▼ -0.6% vs 2013

Operating result€1.18M-€709k▼ 39.9%€554k▼ 21.9%€982k▲ 77.5%€815k▼ 17.0% 2010: €1.18Mhighest in 5 years 2011: €709k▼ -39.9% vs 2010 2012: €554k▼ -21.9% vs 2011lowest in 5 years 2013: €982k▲ +77.5% vs 2012 2014: €815k▼ -17.0% vs 2013

Net result€725k-€1.02M▲ 40.8%€333k▼ 67.4%€877k▲ 164%€734k▼ 16.4% 2010: €725k 2011: €1.02M▲ +40.8% vs 2010highest in 5 years 2012: €333k▼ -67.4% vs 2011lowest in 5 years 2013: €877k▲ +164% vs 2012 2014: €734k▼ -16.4% vs 2013

Result per fiscal year

Operating resultNet result

The operating result falls in 2014; 2014 is 17% below 2013.

Balance-sheet composition

2014 in colour, 2013 as the grey bar beneath

Assets €16.04M

91.1%

Fixed assets €1.43M ▲ 11.0%

Current assets €14.60M ▲ 7.0%

Equity and liabilities €16.04M

66.2%

28.4%

Equity €10.61M ▼ 0.6%

Provisions €866k ▲ 11.8%

Debt €4.55M ▲ 30.9%

Debt's share of the balance-sheet total rises from 23.3% to 28.4%. Equity is lower and debt is higher.

Key figures and ratios

2014 value · change against 2013

EBITDA

€1.03M▼

2013 · €1.26M

Cash flow

€947k▼

2013 · €1.15M

Current ratio

3.57▼

2013 · 4.86

Quick ratio

2.20▼

2013 · 2.92

Debt to equity

0.04▼

2013 · 0.06

ROE

6.9%▼

2013 · 8.2%

ROA

4.6%▼

2013 · 5.9%

Interest coverage

30.09▼

2013 · 31.92

Debt ≤ 1 year

€4.09M▲

2013 · €2.80M

Debt > 1 year

€442k▼

2013 · €675k

Income taxes

€340▼

2013 · €51k

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

As filed By statement

Filed annual accounts As filed with the NBB · 2014 against 2013 · 31 lines

Balance sheet Code20132014

Assets

Total assets20/58€14.94M€16.04M▲

Fixed assets21/28€1.29M€1.43M▲

Intangible fixed assets21€341k€440k▲

Tangible fixed assets22/27€243k€297k▲

Financial fixed assets28€708k€698k▼

Current assets29/58€13.64M€14.60M▲

Stocks and contracts in progress3€5.45M€5.60M▲

Amounts receivable within one year40/41€7.57M€8.06M▲

Current investments50/53€66k€60k▼

Cash at bank and in hand54/58€19k€294k▲

Equity and liabilities

Total equity and liabilities10/49€14.94M€16.04M▲

Equity10/15€10.68M€10.61M▼

Contributions10/11€223k€223k=

Reserves13€1.07M€1.07M=

Profit (loss) carried forward14€9.39M€9.32M▼

Provisions and deferred taxes16€774k€866k▲

Amounts payable17/49€3.48M€4.55M▲

Amounts payable after more than one year17€675k€442k▼

Amounts payable within one year42/48€2.80M€4.09M▲

Trade debts44€2.27M€2.32M▲

Income statement Code20132014

Turnover70€15.71M€15.42M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€276k€214k▼

Operating profit (loss)9901€982k€815k▼

Recurring financial income75€144k€214k▲

Recurring financial charges65€199k€222k▲

Debt charges650€39k€34k▼

Profit (loss) for the period before taxes9903€928k€734k▼

Income taxes67/77€51k€340▼

Profit (loss) for the period9904€877k€734k▼

Profit (loss) for the period to be appropriated9905€873k€894k▲

Appropriation of the result

Return on contributions (dividend)694-€800k

Accounts by statement

Income statement Balance sheet Cash flow

Line	2010	2011	2012	2013	2014	Change
Turnover70	€18.15M	€16.87M	€14.43M	€15.71M	€15.42M	▼ 1.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€191k	€258k	€223k	€276k	€214k	▼ 22.5%
Operating profit (loss)9901	€1.18M	€709k	€554k	€982k	€815k	▼ 17.0%
Recurring financial income75	€71k	€313k	€28k	€144k	€214k	▲ 48.9%
Recurring financial charges65	€317k	€156k	€126k	€199k	€222k	▲ 11.6%
Debt charges650	€60k	€58k	€49k	€39k	€34k	▼ 13.3%
Profit (loss) for the period before taxes9903	€933k	€1.03M	€454k	€928k	€734k	▼ 20.9%
Income taxes67/77	€209k	€10k	€121k	€51k	€340	▼ 99.3%
Profit (loss) for the period9904	€725k	€1.02M	€333k	€877k	€734k	▼ 16.4%
Profit (loss) for the period to be appropriated9905	€725k	€570k	€438k	€873k	€894k	▲ 2.4%

Line	2010	2011	2012	2013	2014	Change
Assets
Total assets20/58	€14.93M	€15.70M	€15.73M	€14.94M	€16.04M	▲ 7.4%
Fixed assets21/28	€910k	€1.34M	€1.42M	€1.29M	€1.43M	▲ 11.0%
Intangible fixed assets21	€48k	€120k	€271k	€341k	€440k	▲ 29.0%
Tangible fixed assets22/27	€365k	€366k	€294k	€243k	€297k	▲ 22.0%
Financial fixed assets28	€497k	€859k	€859k	€708k	€698k	▼ 1.4%
Current assets29/58	€14.02M	€14.36M	€14.31M	€13.64M	€14.60M	▲ 7.0%
Stocks and contracts in progress3	€6.09M	€6.68M	€6.66M	€5.45M	€5.60M	▲ 2.6%
Amounts receivable within one year40/41	€7.47M	€7.30M	€7.28M	€7.57M	€8.06M	▲ 6.5%
Current investments50/53	-	-	€249k	€66k	€60k	▼ 9.1%
Cash at bank and in hand54/58	€448k	€202k	€34k	€19k	€294k	▲ 1,409%
Equity and liabilities
Total equity and liabilities10/49	€14.93M	€15.70M	€15.73M	€14.94M	€16.04M	▲ 7.4%
Equity10/15	€9.95M	€9.47M	€9.80M	€10.68M	€10.61M	▼ 0.6%
Contributions10/11	€223k	€223k	€223k	€223k	€223k	=
Reserves13	€99k	€549k	€721k	€1.07M	€1.07M	=
Profit (loss) carried forward14	€9.63M	€8.70M	€8.86M	€9.39M	€9.32M	▼ 0.7%
Provisions and deferred taxes16	€718k	€988k	€975k	€774k	€866k	▲ 11.8%
Amounts payable17/49	€4.26M	€5.24M	€4.95M	€3.48M	€4.55M	▲ 30.9%
Amounts payable after more than one year17	€26k	€1.29M	€977k	€675k	€442k	▼ 34.6%
Amounts payable within one year42/48	€4.19M	€3.90M	€3.97M	€2.80M	€4.09M	▲ 46.0%
Trade debts44	€2.54M	€2.71M	€2.17M	€2.27M	€2.32M	▲ 2.3%

Line	2010	2011	2012	2013	2014	Change
Profit (loss) for the period9904	€725k	€1.02M	€333k	€877k	€734k	▼ 16.4%
+ Depreciation and write-downs630	€191k	€258k	€223k	€276k	€214k	▼ 22.5%
Operating cash flow (approximation)	€916k	€1.28M	€556k	€1.15M	€947k	▼ 17.8%
Investment in fixed assets (approximation)	-	€-693k	€-302k	€-144k	€-356k	▼ 148%
Change in cash	-	€-246k	€-168k	€-15k	€274k	▲ 1,949%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Timeline · acts, filings and financial milestones

All 19Financial 3Gazette 6Filings 10

2016

31-05

State Gazette act General meeting · Capital

Merger · Dissolution

05-04

State Gazette act Merger · Net-asset statement

Accounting effect · Corporate purpose

03-02

State Gazette act Merger

2015

31-08

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 31 days late

16-07

State Gazette act General meeting · Demerger

Capital increase · Share issue

21-05

State Gazette act Board meeting · Demerger

Accounting effect · Capital

2014

29-08

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 29 days late

2013

31-12

Financial Equity above €10MEq €10.68M ▲8.9%

4 profitable years in a row build equity to €10.68M.

29-08

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 29 days late

2012

31-12

Financial Weakest financial yearnet €333k ▼67.4%

Net result drops to €333k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 30 days late

2011

31-12

Financial Highest result since 2010net €1.02M ▲40.8%

Net result €1.02M, the highest in the series.

Show earlier events

12-07

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

24-08

NBB filing Annual accounts filed

fiscal year 2009 · full schema · 24 days late

2009

26-06

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema

2008

25-08

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema · 25 days late

01-08

State Gazette act General meeting · Director resignation

Director appointment · Permanent representative

2007

25-09

NBB filing Annual accounts filed

fiscal year 2006 · abbreviated schema · 56 days late

2006

31-10

NBB filing Annual accounts filed

fiscal year 2005 · abbreviated schema · 92 days late

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

0 of 8 acts read

About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Structure & network

Ownership & control

1 board mandate

Board mandates of this companythis company sits on their board1

C-Products

1 location

Acquisitions and mergers

1 transaction

Taken over by:COPACO SCREENWEAVERS

BE 0400.534.378merger by absorption · State Gazette act of 31-05-2016 (3 acts) · effective 18-04-2016