IT-FLEX
InactiveInactive; last annual accounts for fiscal year 2016.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2016 was due by 31-01-2017 and was filed on 22-02-2017, 22 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 filingsDeviation from the deadline
2016
22 d late
2015
31 d early
2014
34 d early
2013
47 d early
2012
47 d early
2011
52 d early
2010
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2016, abbreviated schema
Equity
€520k▲ 51.6%
2015 · €343k
2012: €170k
2013: €208k
2014: €267k
2015: €343k
2012 → 2016
Total assets
€1.18M▲ 26.6%
2015 · €932k
2012: €714k
2013: €986k
2014: €841k
2015: €932k
2012 → 2016
Net result
€177k▲ 133%
2015 · €76k
2012: €33k
2013: €38k
2014: €59k
2015: €76k
2012 → 2016
Working capital
€497k▲ 58.5%
2015 · €314k
2012: €146k
2013: €175k
2014: €236k
2015: €314k
2012 → 2016
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20122013201420152016Trend
Equity€170k-€208k▲ 22.4%€267k▲ 28.6%€343k▲ 28.5%€520k▲ 51.6%
Operating result€133k-€115k▼ 14.0%€148k▲ 28.7%€175k▲ 18.2%€328k▲ 87.8%
Net result€33k-€38k▲ 13.4%€59k▲ 56.5%€76k▲ 27.9%€177k▲ 133%
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 three years in a row; 2016 is 88% above 2015 and is the highest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €1.18M
Fixed assets
€27k ▼ 19.0%
Current assets
€1.15M ▲ 28.3%
Equity and liabilities €1.18M
Equity
€520k ▲ 51.6%
Debt
€659k ▲ 12.0%
Debt's share of the balance-sheet total falls from 63.2% to 55.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€341k▲
2015 · €202k
Cash flow
€191k▲
2015 · €103k
Current ratio
1.76▲
2015 · 1.54
ROE
34.0%▲
2015 · 22.2%
ROA
15.0%▲
2015 · 8.2%
Debt ≤ 1 year
€656k▲
2015 · €585k
Income taxes
€125k▲
2015 · €66k
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 · 2016 against 2015 · 24 lines
Balance sheet
Code20152016
Assets
Total assets20/58€932k€1.18M▲
Fixed assets21/28€33k€27k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€30k€25k▼
Current assets29/58€899k€1.15M▲
Amounts receivable within one year40/41€556k€634k▲
Cash at bank and in hand54/58€342k€519k▲
Equity and liabilities
Total equity and liabilities10/49€932k€1.18M▲
Equity10/15€343k€520k▲
Contributions10/11€162k€162k=
Reserves13€12k€16k▲
Profit (loss) carried forward14€169k€342k▲
Amounts payable17/49€589k€659k▲
Amounts payable within one year42/48€585k€656k▲
Trade debts44€284k€225k▼
Income statement
Code20152016
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€13k▼
Gross operating margin9900€1.73M€1.78M▲
Operating profit (loss)9901€175k€328k▲
Recurring financial income75€2k€438▼
Recurring financial charges65€34k€26k▼
Profit (loss) for the period before taxes9903€142k€302k▲
Income taxes67/77€66k€125k▲
Profit (loss) for the period9904€76k€177k▲
Profit (loss) for the period to be appropriated9905€76k€177k▲
Timeline · acts, filings and financial milestones
2017
22-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
20-01
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
2016
09-11
State Gazette act
Merger proposal · Merger
Accounting effect · Capital
30-06
Financial
Highest result since 2012net €177k ▲133%
Operating result €328k, net result €177k, both a record.
30-06
Financial
Equity above €500kEq €520k ▲51.6%
5 profitable years in a row build equity to €520k.
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
14-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-09
Financial
Equity above €200kEq €208k ▲22.4%
2 profitable years in a row build equity to €208k.
14-03
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
09-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
23-03
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
Show earlier events
2010
05-03
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
05-03
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
28-03
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
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.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:CHEOPS TECHNOLOGY