VERLIEN
InactiveInactive; last annual accounts for fiscal year 2019.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2019 was due by 31-01-2020 and was filed on 12-06-2020, 133 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 · 8 filingsDeviation from the deadline
2019
133 d late
2018
37 d early
2017
31 d early
2016
11 d early
2015
3 d early
2014
21 d late
2013
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 11 days after the deadline; the Belgian median for financial year 2019 is on the deadline day, and 49% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2019, abbreviated schema
Turnover
€244,250
EBIT margin
-12.3%
Net result
-€128,736▼ 498%
2018 · -€21,527
Working capital
-€13.8m▲ 0.8%
2018 · -€13.9m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Turnover€244,250
Operating result€32,181--€30,153
Net result-€21,527--€128,736▼ 498%
EBIT margin-12.3%
Equity€2.8m-€2.6m▼ 4.6%
Total assets€16.7m-€16.6m▼ 1.0%
Debt€13.9m-€13.9m▼ 0.2%
Working capital-€13.9m--€13.8m▲ 0.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2019 Net result -498% on 2018. This fiscal year ran 6 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €30,153 after €32,181 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €16.6m
Fixed assets
€16.4m ▼ 1.5%
Current assets
€124,928 ▲ 187%
Equity and liabilities €16.6m
Equity
€2.6m ▼ 4.6%
Debt
€13.9m ▼ 0.2%
Debt's share of the balance-sheet total rises from 83.4% to 84.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€213,642▲
2018 · €149,282
Cash flow
€115,059▲
2018 · €95,574
Current ratio
0.01▲
2018 · 0.00
ROE
-4.9%▼
2018 · -0.8%
ROA
-0.8%▼
2018 · -0.1%
Debt ≤ 1 year
€13.9m▼
2018 · €13.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | - | €244,250 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €117,101 | €243,795 | ▲ 108% |
| Gross operating margin9900 | €150,246 | €213,816 | ▲ 42.3% |
| Operating profit (loss)9901 | €32,181 | -€30,153 | ▼ 194% |
| Recurring financial charges65 | €53,708 | €98,583 | ▲ 83.6% |
| Profit (loss) for the period before taxes9903 | -€21,527 | -€128,736 | ▼ 498% |
| Profit (loss) for the period9904 | -€21,527 | -€128,736 | ▼ 498% |
| Profit (loss) for the period to be appropriated9905 | -€21,527 | -€128,736 | ▼ 498% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €16.7m | €16.6m | ▼ 1.0% |
| Fixed assets21/28 | €16.7m | €16.4m | ▼ 1.5% |
| Tangible fixed assets22/27 | €16.7m | €16.4m | ▼ 1.5% |
| Current assets29/58 | €43,542 | €124,928 | ▲ 187% |
| Cash at bank and in hand54/58 | €43,542 | €124,754 | ▲ 187% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €16.7m | €16.6m | ▼ 1.0% |
| Equity10/15 | €2.8m | €2.6m | ▼ 4.6% |
| Contributions10/11 | €2.9m | €2.9m | = |
| Reserves13 | €130 | €130 | = |
| Profit (loss) carried forward14 | -€78,870 | -€207,606 | ▼ 163% |
| Amounts payable17/49 | €13.9m | €13.9m | ▼ 0.2% |
| Amounts payable within one year42/48 | €13.9m | €13.9m | ▼ 0.2% |
| Trade debts44 | €10,415 | €1,743 | ▼ 83.3% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€21,527 | -€128,736 | ▼ 498% |
| + Depreciation and write-downs630 | €117,101 | €243,795 | ▲ 108% |
| Operating cash flow (approximation) | €95,574 | €115,059 | ▲ 20.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €81,212 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 133 days late
2019
12-11
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 21 days late
2014
06-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 6 days late
2013
08-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 8 days late
State Gazette actNBB filing
0 of 10 acts read
About the unread acts
We know of 10 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 transactionTaken over by:AEDIFICA