WESTERLUND DISTRIBUTION
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2012.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline15-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 13-05-2013, 79 days ahead of the deadline.
NBB · 10 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 →
Financials · fiscal year 2012, full schema
Turnover
€15.48M▲ 174%
2011 · €5.65M
2009: €16.32M
2010: €14.85M
2010: €6.18M
2011: €5.65M
2009 → 2012
EBIT margin
-0.9%▼ 0.2pp
2011 · -0.7%
2009: 6.7%
2010: 7.3%
2010: -0.5%
2011: -0.7%
2009 → 2012
Net result
€52k
2011 · €-28k
2009: €18k
2010: €800k
2010: €11k
2011: €-28k
2009 → 2012
Working capital
€1.45M▼ 47.9%
2011 · €2.78M
2009: €6.55M
2010: €2.33M
2010: €2.37M
2011: €2.78M
2009 → 2012
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20092010201020112012Trend
Turnover€16.32M-€14.85M▼ 9.0%€6.18M▼ 58.4%€5.65M▼ 8.5%€15.48M▲ 174%
Equity€1.66M-€2.46M▲ 48.3%€2.47M▲ 0.4%€2.44M▼ 1.1%€291k▼ 88.1%
Operating result€1.09M-€1.09M▼ 0.2%€-28k€-37k▼ 31.0%€-137k▼ 269%
Net result€18k-€800k▲ 4,256%€11k▼ 98.6%€-28k€52k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €137k in 2012 against €37k in 2011; the loss grows and 2012 is the lowest year so far.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €6.36M
Fixed assets
€49k▼ 45.9%
Current assets
€6.31M▼ 3.8%
Equity and liabilities €6.36M
Equity
€291k▼ 88.1%
Debt
€6.07M▲ 44.1%
The debt ratio rises from 63.3% to 95.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-95k▼
2011 · €5k
Cash flow
€94k▲
2011 · €14k
Solvency
4.6%▼
2011 · 36.7%
Current ratio
1.30▼
2011 · 1.73
Quick ratio
1.30▼
2011 · 1.73
ROE
18.0%▲
2011 · -1.1%
ROA
0.8%▲
2011 · -0.4%
Interest coverage
-8.43▼
2011 · 1.04
Debt
€6.07M▲
2011 · €4.21M
Debt ≤ 1 year
€4.86M▲
2011 · €3.78M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2012 against 2011
Balance sheet
Code20112012
Assets
Total assets20/58€6.65M€6.36M▼
Fixed assets21/28€91k€49k▼
Intangible fixed assets21€90k€48k▼
Tangible fixed assets22/27€684€552▼
Financial fixed assets28€136€136=
Current assets29/58€6.56M€6.31M▼
Amounts receivable within one year40/41€5.36M€5.12M▼
Cash at bank and in hand54/58€404k€132k▼
Equity and liabilities
Total equity and liabilities10/49€6.65M€6.36M▼
Equity10/15€2.44M€291k▼
Contributions10/11€104k€104k=
Reserves13€2.33M€187k▼
Amounts payable17/49€4.21M€6.07M▲
Amounts payable within one year42/48€3.78M€4.86M▲
Trade debts44€2.20M€1.94M▼
Income statement
Code20112012
Turnover70€5.65M€15.48M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€42k▲
Operating profit (loss)9901€-37k€-137k▼
Recurring financial income75€69k€235k▲
Recurring financial charges65€28k€45k▲
Debt charges650€4k€11k▲
Profit (loss) for the period before taxes9903€4k€52k▲
Income taxes67/77€32k-
Profit (loss) for the period9904€-28k€52k▲
Profit (loss) for the period to be appropriated9905€-28k€52k▲
Appropriation of the result
Return on contributions (dividend)694-€2.20M
Timeline · acts, filings and financial milestones
2013
15-07
State Gazette act
General meeting · Merger
Accounting effect · Balance sheet date
14-05
State Gazette act
Board meeting · Merger
Accounting effect · Real estate
13-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
31-12
Financial
Weakest financial yearnet €-28k ▼356%
Net result drops to €-28k, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
31-12
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
30-06
Financial
Highest result since 2009net €800k ▲4256%
Net result €800k, the highest in the series.
30-06
Financial
Equity above €2MEq €2.46M ▲48.3%
2 profitable years in a row build equity to €2.46M.
26-02
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 26 days late
2009
06-01
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2007
16-07
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
2006
12-07
NBB filing
Annual accounts filed
fiscal year 2005 · full schema
2005
01-06
NBB filing
Annual accounts filed
fiscal year 2004 · full schema
2004
03-06
NBB filing
Annual accounts filed
fiscal year 2003 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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:EUROPORTS TERMINALS LEFTBANK