PETRODIS

Inactive

KBO/BCE: BE 0437.334.792

Inactive; last annual accounts for fiscal year 2015.

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PETRODISInactive

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Signals

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

○neutral

Latest accounts filed on time

The financial year that closed on 31-03-2015 was due by 31-10-2015 and was filed on 29-10-2015, 2 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2015

2 d early

2014

271 d late

2013

81 d late

2012

50 d late

2011

79 d late

2009

86 d early

2008

67 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

History

PETRODIS has filed 26 sets of annual accounts, the latest for fiscal year 2015.¹ In 2015 the company was absorbed by merger into KUWAIT PETROLEUM (BELGIUM).²

Financials · fiscal year 2015, full schema

Turnover

€65,615▼ 99.8%

2011 · €37.1m

EBIT margin

192.0%▲ 188.6pp

2011 · 3.4%

Net result

€386,190▲ 60.8%

2014 · €240,209

Working capital

-€474,539▲ 73.7%

2013 · -€1.8m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20112012201320142015

Turnover€37.1m-€65,615▼ 99.8%

Operating result€1.3m-€126,009▼ 90.1%€216,075▲ 71.5%€388,222▲ 79.7%€584,617▲ 50.6%

Net result€832,655-€143,195▼ 82.8%€69,608▼ 51.4%€240,209▲ 245%€386,190▲ 60.8%

EBIT margin3.4%-192.0%▲ 188.6pp

Equity€9.1m-€211,395▼ 97.7%€281,003▲ 32.9%€521,212▲ 85.5%€907,402▲ 74.1%

Total assets€9.4m-€7.2m▼ 23.4%€6.2m▼ 14.1%€1.9m▼ 68.4%€1.5m▼ 21.8%

Debt€239,133-€7.0m▲ 2,809%€5.9m▼ 15.5%€1.4m▼ 75.8%€613,427▼ 56.9%

Working capital€5.6m--€2.6m-€1.8m▲ 31.3%-€474,539

Staff (FTE)53-

Why a figure moved sharply

2012 Turnover -100%, Net result -83% on 2011. The previous fiscal year ran 15 months, this one 12.

Result per fiscal year

Operating resultNet result

After the dip in 2012 the operating result has climbed three years in a row; 2015 is 51% above 2014.

Balance-sheet composition

2015 in colour, 2014 as the grey bar beneath

Assets €1.5m

90.9%

Fixed assets €1.4m ▼ 16.6%

Current assets €138,888 ▼ 51.9%

Equity and liabilities €1.5m

59.7%

40.3%

Equity €907,402 ▲ 74.1%

Debt €613,427 ▼ 56.9%

Debt's share of the balance-sheet total falls from 73.2% to 40.3%. Equity is higher and debt is lower.

Key figures and ratios

2015 value · change against 2014

EBITDA

€857,724▼

2014 · €870,335

Cash flow

€659,297▼

2014 · €722,322

Current ratio

0.23

ROE

42.6%▼

2014 · 46.1%

ROA

25.4%▲

2014 · 12.3%

Debt ≤ 1 year

€613,427

Income taxes

€196,845▲

2014 · €149,885

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

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2015 against 2014 · 40 lines

Balance sheet Code20142015

Assets

Total assets20/58€1.9m€1.5m▼

Formation expenses20€19,851-

Fixed assets21/28€1.7m€1.4m▼

Tangible fixed assets22/27€1.6m€1.4m▼

Plant, machinery and equipment23€1.6m-

Furniture and vehicles24€16,487-

Current assets29/58€288,725€138,888▼

Amounts receivable within one year40/41-€138,888

Cash at bank and in hand54/58€81,525-

Deferred charges and accrued income490/1€207,200-

Equity and liabilities

Total equity and liabilities10/49€1.9m€1.5m▼

Equity10/15€521,212€907,402▲

Contributions10/11€62,000€62,000=

Capital10€62,000-

Issued capital100€62,000-

Reserves13€6,200€6,200=

Legal reserve130€6,200-

Profit (loss) carried forward14€453,012€839,202▲

Amounts payable17/49€1.4m€613,427▼

Amounts payable within one year42/48-€613,427

Taxes, remuneration and social security45€252,064-

Taxes450/3€252,064-

Other amounts payable47/48€1.2m-

Income statement Code20142015

Other operating income74€2.0m-

Services and other goods61€1.1m-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€482,113€273,107▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2,309-

Other operating charges640/8€14,253-

Operating profit (loss)9901€388,222€584,617▲

Recurring financial income75€2,919-

Income from current assets751€2,919-

Recurring financial charges65€1,047-

Other financial charges652/9€1,047-

Profit (loss) for the period before taxes9903€390,094€583,035▲

Income taxes67/77€149,885€196,845▲

Taxes670/3€149,885-

Profit (loss) for the period9904€240,209€386,190▲

Profit (loss) for the period to be appropriated9905€240,209€386,190▲

Appropriation of the result

Profit (loss) to be appropriated9906€453,012-

Profit (loss) brought forward from the previous period14P€212,803-

Line	2011	2012	2013	2014	2015	Change
Turnover70	€37.1m	€65,615	-	-	-	-
Other operating income74	€1.3m	€2.1m	-	€2.0m	-	-
Goods for resale, raw materials and consumables60	€32.5m	€69,292	-	-	-	-
Purchases600/8	€31.1m	€69,292	-	-	-	-
Change in stocks: decrease (increase)609	€1.4m	-	-	-	-	-
Services and other goods61	€1.9m	€1.1m	-	€1.1m	-	-
Remuneration, social security and pensions62	€1.5m	€9,738	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€971,679	€721,981	€586,750	€482,113	€273,107	▼ 43.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	€751	€2,504	-	€2,309	-	-
Other operating charges640/8	€289,512	€69,001	-	€14,253	-	-
Operating profit (loss)9901	€1.3m	€126,009	€216,075	€388,222	€584,617	▲ 50.6%
Recurring financial income75	€103,104	€28,779	€33,716	€2,919	-	-
Income from current assets751	-	€28,779	-	€2,919	-	-
Other financial income752/9	€103,104	-	-	-	-	-
Recurring financial charges65	€275,053	€6,174	€2,078	€1,047	-	-
Other financial charges652/9	-	-	-	€1,047	-	-
Profit (loss) for the period before taxes9903	€1.2m	€143,195	€80,618	€390,094	€583,035	▲ 49.5%
Income taxes67/77	€338,029	-	€11,010	€149,885	€196,845	▲ 31.3%
Taxes670/3	€358,550	-	-	€149,885	-	-
Tax adjustments and reversals of tax provisions77	€20,521	-	-	-	-	-
Profit (loss) for the period9904	€832,655	€143,195	€69,608	€240,209	€386,190	▲ 60.8%
Profit (loss) for the period to be appropriated9905	€832,655	€143,195	€69,608	€240,209	€386,190	▲ 60.8%

Line	2011	2012	2013	2014	2015	Change
Assets
Total assets20/58	€9.4m	€7.2m	€6.2m	€1.9m	€1.5m	▼ 21.8%
Formation expenses20	€60,291	€46,811	€33,331	€19,851	-	-
Fixed assets21/28	€3.6m	€2.9m	€2.1m	€1.7m	€1.4m	▼ 16.6%
Tangible fixed assets22/27	€3.6m	€2.8m	€2.1m	€1.6m	€1.4m	▼ 15.6%
Plant, machinery and equipment23	€3.3m	€2.7m	-	€1.6m	-	-
Furniture and vehicles24	€212,606	€99,036	-	€16,487	-	-
Financial fixed assets28	€434	-	-	-	-	-
Other financial fixed assets284/8	€434	-	-	-	-	-
Amounts receivable and cash guarantees285/8	€434	-	-	-	-	-
Current assets29/58	€5.7m	€4.3m	€4.0m	€288,725	€138,888	▼ 51.9%
Amounts receivable within one year40/41	€703,921	€129,691	€24,657	-	€138,888	-
Trade receivables40	€382,905	€59,888	-	-	-	-
Other amounts receivable41	€321,016	€69,803	-	-	-	-
Cash at bank and in hand54/58	€4.8m	€3.9m	€3.8m	€81,525	-	-
Deferred charges and accrued income490/1	€284,380	€234,393	-	€207,200	-	-
Equity and liabilities
Total equity and liabilities10/49	€9.4m	€7.2m	€6.2m	€1.9m	€1.5m	▼ 21.8%
Equity10/15	€9.1m	€211,395	€281,003	€521,212	€907,402	▲ 74.1%
Contributions10/11	€62,000	€62,000	€62,000	€62,000	€62,000	=
Capital10	€62,000	€62,000	-	€62,000	-	-
Issued capital100	€62,000	€62,000	-	€62,000	-	-
Reserves13	€9.1m	€6,200	€6,200	€6,200	€6,200	=
Legal reserve130	€6,200	€6,200	-	€6,200	-	-
Distributable reserves133	€9.1m	-	-	-	-	-
Profit (loss) carried forward14	-	€143,195	€212,803	€453,012	€839,202	▲ 85.2%
Amounts payable17/49	€239,133	€7.0m	€5.9m	€1.4m	€613,427	▼ 56.9%
Amounts payable within one year42/48	€185,678	€6.9m	€5.8m	-	€613,427	-
Trade debts44	€122,772	€83,241	€19,195	-	-	-
Suppliers440/4	€122,772	€83,241	-	-	-	-
Taxes, remuneration and social security45	€47,538	€24,206	-	€252,064	-	-
Taxes450/3	€46,441	€24,206	-	€252,064	-	-
Remuneration and social security454/9	€1,097	-	-	-	-	-
Other amounts payable47/48	€15,368	€6.8m	-	€1.2m	-	-
Accrued charges and deferred income492/3	€53,455	€51,994	-	-	-	-

Line	2011	2012	2013	2014	2015	Change
Profit (loss) for the period9904	€832,655	€143,195	€69,608	€240,209	€386,190	▲ 60.8%
+ Depreciation and write-downs630	€971,679	€721,981	€586,750	€482,113	€273,107	▼ 43.4%
Operating cash flow (approximation)	€1.8m	€865,176	€656,358	€722,322	€659,297	▼ 8.7%
Investment in fixed assets (approximation)	-	€5,853	€167,094	€0	€1,582	-
Change in cash	-	-€842,937	-€142,572	-€3.7m	-	-

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

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Timeline · acts, filings and financial milestones

All 13Financial 2Gazette 1Filings 10

2015

18-11

State Gazette act General meeting · Merger

Dissolution · Accounting effect

29-10

NBB filing Annual accounts filed

fiscal year 2015 · full schema

29-07

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 271 days late

2014

31-03

Financial Equity above €500,000Eq €521,212 ▲85.5%

4 profitable years in a row build equity to €521,212.

20-01

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 81 days late

2013

31-03

Financial Weakest financial yearnet €69,608 ▼51.4%

Net result drops to €69,608, the lowest in the series.

2012

20-12

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 50 days late

18-01

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 79 days late

2010

06-05

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2009

25-05

NBB filing Annual accounts filed

fiscal year 2008 · full schema

2008

26-05

NBB filing Annual accounts filed

fiscal year 2007 · full schema

2007

14-05

NBB filing Annual accounts filed

fiscal year 2006 · full schema

2006

23-05

NBB filing Annual accounts filed

fiscal year 2005 · full schema

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

0 of 13 acts read

About the unread acts

We know of 13 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

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction

Taken over by:KUWAIT PETROLEUM (BELGIUM)

BE 0404.584.525silent merger · State Gazette act of 18-11-2015