ROYAL APP FORCE
InactiveInactive; last annual accounts for fiscal year 2017.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 31-08-2018, 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 · 3 filingsDeviation 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 →
Checked, nothing found (1)
Financials · fiscal year 2017, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-14k▲ 9.4%
2016 · €-15k
2015: €11k
2016: €-15k
2015 → 2017
Working capital
€338k▼ 3.1%
2016 · €349k
2015: €361k
2016: €349k
2015 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201520162017Trend
Equity€371k-€356k▼ 4.1%€342k▼ 3.8%
Operating result€18k-€-15k€-14k▲ 5.6%
Net result€11k-€-15k€-14k▲ 9.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2017 against €15k in 2016; the loss shrinks.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €340k
Fixed assets
€2k ▼ 50.6%
Current assets
€338k ▼ 5.9%
Equity and liabilities €342k
Equity
€342k ▼ 3.8%
Debt
€237 ▼ 97.8%
Debt's share of the balance-sheet total falls from 3.0% to 0.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-11k▲
2016 · €-12k
Cash flow
€-11k▲
2016 · €-12k
ROE
-4.0%▲
2016 · -4.2%
ROA
-4.0%▲
2016 · -4.1%
Debt ≤ 1 year
€237▼
2016 · €11k
Income taxes
€-20▼
2016 · €3
A ratio outside any meaningful range has been withheld (balance sheet total €342k, equity €342k).
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 · 2017 against 2016 · 25 lines
Balance sheet
Code20162017
Assets
Total assets20/58€366k€342k▼
Formation expenses20€3k€2k▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Financial fixed assets28€300€300=
Current assets29/58€360k€338k▼
Amounts receivable within one year40/41€83k€51k▼
Cash at bank and in hand54/58€276k€288k▲
Equity and liabilities
Total equity and liabilities10/49€366k€342k▼
Equity10/15€356k€342k▼
Contributions10/11€360k€360k=
Reserves13€535€535=
Profit (loss) carried forward14€-5k€-19k▼
Amounts payable17/49€11k€237▼
Amounts payable within one year42/48€11k€237▼
Trade debts44€3k-
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Gross operating margin9900€-11k€-11k▼
Operating profit (loss)9901€-15k€-14k▲
Recurring financial income75€520€269▼
Recurring financial charges65€1k€201▼
Profit (loss) for the period before taxes9903€-15k€-14k▲
Income taxes67/77€3€-20▼
Profit (loss) for the period9904€-15k€-14k▲
Profit (loss) for the period to be appropriated9905€-15k€-14k▲
Timeline · acts, filings and financial milestones
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
12-06
State Gazette act
Merger · Accounting effect
2017
31-12
Financial
Liquidity times 43current ratio 1427.68
Current ratio from 33.24 to 1427.68; short-term debt falls from €11k to €237.
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
31-12
Financial
Weakest financial yearnet €-15k ▼241%
Net result drops to €-15k, the lowest in the series.
31-12
Financial
Liquidity times 7current ratio 33.24
Current ratio from 5.05 to 33.24; short-term debt falls from €89k to €11k.
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:EFFICY