NARDA

Inactive

KBO/BCE: BE 0418.764.440

Inactive; last annual accounts for fiscal year 2013.

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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 30-06-2013 was due by 31-01-2014 and was filed on 22-07-2014, 172 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 · 10 filings

Deviation from the deadline

2013

172 d late

2012

36 d early

2011

14 d early

2010

45 d early

2009

33 d early

2008

32 d early

2007

36 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 2013, full schema

Turnover

€5.13M▼ 48.8%

2012 · €10.03M

2010: €8.49M 2011: €10.75M 2012: €10.03M

2010 → 2013

EBIT margin

13.2%▲ 5.6pp

2012 · 7.5%

2010: 12.6% 2011: 7.4% 2012: 7.5%

2010 → 2013

Net result

€444k▼ 4.4%

2012 · €465k

2009: €372k 2010: €708k 2011: €499k 2012: €465k

2009 → 2013

Working capital

€2.69M▲ 11.6%

2012 · €2.41M

2009: €1.35M 2010: €1.83M 2011: €1.94M 2012: €2.41M

2009 → 2013

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20092010201120122013Trend

Turnover€8.49M€10.75M▲ 26.7%€10.03M▼ 6.7%€5.13M▼ 48.8%

Equity€1.32M-€2.03M▲ 53.7%€2.52M▲ 24.6%€2.99M▲ 18.4%€3.43M▲ 14.9%

Operating result€596k-€1.07M▲ 79.6%€797k▼ 25.6%€753k▼ 5.5%€675k▼ 10.4%

Net result€372k-€708k▲ 90.2%€499k▼ 29.5%€465k▼ 6.8%€444k▼ 4.4%

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2013 is 10% below 2012.

Balance-sheet composition

2013 in colour, 2012 as the grey bar beneath

Assets €4.97M

19.8%

80.2%

Fixed assets €982k ▲ 20.2%

Current assets €3.99M ▲ 19.7%

Equity and liabilities €4.97M

69.1%

30.9%

Equity €3.43M ▲ 14.9%

Debt €1.54M ▲ 32.5%

Debt's share of the balance-sheet total rises from 27.9% to 30.9%. Equity and debt are higher.

Key figures and ratios

2013 value · change against 2012

EBITDA

€773k▼

2012 · €1.00M

Cash flow

€542k▼

2012 · €716k

Current ratio

3.08▼

2012 · 3.63

Quick ratio

2.60▼

2012 · 3.04

Debt to equity

0.07▼

2012 · 0.08

ROE

12.9%▼

2012 · 15.6%

ROA

8.9%▼

2012 · 11.2%

Interest coverage

111.69▲

2012 · 53.24

Debt ≤ 1 year

€1.30M▲

2012 · €919k

Debt > 1 year

€226k▼

2012 · €234k

Income taxes

€211k▼

2012 · €218k

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 · 2013 against 2012 · 27 lines

Balance sheet Code20122013

Assets

Total assets20/58€4.15M€4.97M▲

Fixed assets21/28€817k€982k▲

Tangible fixed assets22/27€800k€965k▲

Financial fixed assets28€17k€17k=

Current assets29/58€3.33M€3.99M▲

Stocks and contracts in progress3€539k€622k▲

Amounts receivable within one year40/41€1.40M€1.71M▲

Cash at bank and in hand54/58€1.35M€1.61M▲

Equity and liabilities

Total equity and liabilities10/49€4.15M€4.97M▲

Equity10/15€2.99M€3.43M▲

Contributions10/11€155k€155k=

Reserves13€37k€37k=

Profit (loss) carried forward14€2.80M€3.24M▲

Amounts payable17/49€1.16M€1.54M▲

Amounts payable after more than one year17€234k€226k▼

Amounts payable within one year42/48€919k€1.30M▲

Trade debts44€684k€871k▲

Income statement Code20122013

Turnover70€10.03M€5.13M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€251k€98k▼

Operating profit (loss)9901€753k€675k▼

Recurring financial income75€6k€5k▼

Recurring financial charges65€76k€33k▼

Debt charges650€19k€7k▼

Profit (loss) for the period before taxes9903€684k€655k▼

Income taxes67/77€218k€211k▼

Profit (loss) for the period9904€465k€444k▼

Profit (loss) for the period to be appropriated9905€465k€444k▼

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Timeline · acts, filings and financial milestones

All 13Financial 2Gazette 1Filings 10

2014

22-07

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 172 days late

29-01

State Gazette act General meeting · Merger

Capital increase · Capital

2013

25-06

NBB filing Annual accounts filed

fiscal year 2012 · full schema

2012

17-07

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

16-06

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

31-12

Financial Highest result since 2009net €708k ▲90.2%

Operating result €1.07M, net result €708k, both a record.

31-12

Financial Equity above €2MEq €2.03M ▲53.7%

2 profitable years in a row build equity to €2.03M.

28-06

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema

2009

29-06

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema

2008

25-06

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema

2007

23-07

NBB filing Annual accounts filed

fiscal year 2006 · abbreviated schema

2006

07-06

NBB filing Annual accounts filed

fiscal year 2005 · abbreviated schema

2005

17-05

NBB filing Annual accounts filed

fiscal year 2004 · 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:Les Vergers du Vieux Tauves S.A.

BE 0424.858.713merger by absorption · State Gazette act of 29-01-2014 · effective 01-07-2013