FINNWEST

Inactive

KBO/BCE: BE 0436.861.076

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

€270k=

2011 · €270k

2009: €642k 2010: €270k 2011: €270k

2009 → 2012

EBIT margin

13.2%▲ 0.1pp

2011 · 13.1%

2009: 70.3% 2010: -1.1% 2011: 13.1%

2009 → 2012

Net result

€26k▼ 4.9%

2011 · €27k

2008: €86k 2009: €306k 2010: €-5k 2011: €27k

2008 → 2012

Working capital

€-28k▲ 71.8%

2011 · €-99k

2008: €855k 2009: €296k 2010: €-16k 2011: €-99k

2008 → 2012

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20082009201020112012Trend

Turnover€642k€270k▼ 57.9%€270k=€270k=

Equity€139k-€445k▲ 219%€440k▼ 1.1%€367k▼ 16.6%€393k▲ 7.0%

Operating result€202k-€451k▲ 124%€-3k€35k€36k▲ 0.7%

Net result€86k-€306k▲ 254%€-5k€27k€26k▼ 4.9%

Result per fiscal year

Operating resultNet result

After the dip in 2010 the operating result has climbed two years in a row; 2012 is 1% above 2011.

Balance-sheet composition

2012 in colour, 2011 as the grey bar beneath

Assets €631k

66.7%

33.3%

Fixed assets €421k▼ 11.1%

Current assets €210k▼ 6.4%

Equity and liabilities €631k

62.3%

37.7%

Equity €393k▲ 7.0%

Debt €238k▼ 28.0%

The debt ratio falls from 47.4% to 37.7%: equity grows while debt is paid down.

Key figures and ratios

2012 value · change against 2011

EBITDA

€68k▲

2011 · €68k

Cash flow

€58k▼

2011 · €59k

Solvency

62.3%▲

2011 · 52.6%

Current ratio

0.88▲

2011 · 0.69

Quick ratio

0.88▲

2011 · 0.69

ROE

6.6%▼

2011 · 7.4%

ROA

4.1%▲

2011 · 3.9%

Interest coverage

41.04▼

2011 · 105.17

Debt

€238k▼

2011 · €331k

Debt ≤ 1 year

€238k▼

2011 · €323k

Income taxes

€-1k▼

2011 · €5k

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€698k€631k▼

Fixed assets21/28€474k€421k▼

Tangible fixed assets22/27€474k€421k▼

Current assets29/58€224k€210k▼

Amounts receivable within one year40/41€160k€163k▲

Equity and liabilities

Total equity and liabilities10/49€698k€631k▼

Equity10/15€367k€393k▲

Contributions10/11€65k€65k=

Reserves13€34k€34k=

Profit (loss) carried forward14€268k€294k▲

Amounts payable17/49€331k€238k▼

Amounts payable within one year42/48€323k€238k▼

Trade debts44€44k€83k▲

Income statement Code20112012

Turnover70€270k€270k=

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€32k▲

Operating profit (loss)9901€35k€36k▲

Recurring financial income75€75-

Recurring financial charges65€3k€11k▲

Debt charges650€643€2k▲

Profit (loss) for the period before taxes9903€32k€24k▼

Income taxes67/77€5k€-1k▼

Profit (loss) for the period9904€27k€26k▼

Profit (loss) for the period to be appropriated9905€27k€26k▼

Appropriation of the result

Return on contributions (dividend)694€100k-

Download as CSV

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

27-06

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

31-12

Financial Back to profitnet €27k

Net result €27k after one loss-making year.

12-07

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

31-12

Financial Weakest financial yearnet €-5k ▼102%

Net result drops to €-5k, the lowest in the series.

10-09

NBB filing Annual accounts filed

fiscal year 2009 · full schema · 41 days late

2009

31-12

Financial Highest result since 2008net €306k ▲254%

Operating result €451k, net result €306k, both a record.

31-12

Financial Equity above €200kEq €445k ▲219%

2 profitable years in a row build equity to €445k.

04-06

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema

2008

07-07

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema

2007

06-07

NBB filing Annual accounts filed

fiscal year 2006 · abbreviated schema

2006

26-06

NBB filing Annual accounts filed

fiscal year 2005 · abbreviated schema

2005

10-06

NBB filing Annual accounts filed

fiscal year 2004 · abbreviated schema

2004

11-06

NBB filing Annual accounts filed

fiscal year 2003 · 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: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