WOVERLIN
InactiveInactive; last annual accounts for fiscal year 2019.
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 30-09-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
30-09-2020 close30-04-2021 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 28-04-2020, 2 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
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Financials · fiscal year 2019, micro schema
Equity
€459,423▲ 13.6%
2018 · €404,332
Total assets
€727,198▼ 9.8%
2018 · €806,380
Net result
€55,091
2018 · -€24,360
Working capital
-€25,057
2018 · €78,136
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
Operating result-€17,012--€38,520▼ 126%
Net result-€24,360-€55,091
Equity€404,332-€459,423▲ 13.6%
Total assets€806,380-€727,198▼ 9.8%
Debt€402,047-€267,775▼ 33.4%
Working capital€78,136--€25,057
Staff (FTE)1-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38,520 in 2019 against €17,012 in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €727,198
Fixed assets
€637,183 ▲ 10.3%
Current assets
€90,015 ▼ 60.7%
Equity and liabilities €727,198
Equity
€459,423 ▲ 13.6%
Debt
€267,775 ▼ 33.4%
Debt's share of the balance-sheet total falls from 49.9% to 36.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€12,977▼
2018 · -€1,435
Cash flow
€80,634▲
2018 · -€8,783
Current ratio
0.78▼
2018 · 1.52
Debt to equity
0.33▼
2018 · 0.62
ROE
12.0%▲
2018 · -6.0%
ROA
7.6%▲
2018 · -3.0%
Debt ≤ 1 year
€115,072▼
2018 · €150,741
Debt > 1 year
€152,703▼
2018 · €251,306
Income taxes
€13,764▲
2018 · €200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,577 | €25,543 | ▲ 64.0% |
| Gross operating margin9900 | €7,415 | -€10,909 | ▼ 247% |
| Operating profit (loss)9901 | -€17,012 | -€38,520 | ▼ 126% |
| Recurring financial income75 | €16 | €115,503 | ▲ 715,534% |
| Recurring financial charges65 | €7,164 | €8,129 | ▲ 13.5% |
| Profit (loss) for the period before taxes9903 | -€24,160 | €68,854 | ▲ 385% |
| Income taxes67/77 | €200 | €13,764 | ▲ 6,772% |
| Profit (loss) for the period9904 | -€24,360 | €55,091 | ▲ 326% |
| Profit (loss) for the period to be appropriated9905 | -€24,360 | €55,091 | ▲ 326% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €806,380 | €727,198 | ▼ 9.8% |
| Fixed assets21/28 | €577,502 | €637,183 | ▲ 10.3% |
| Intangible fixed assets21 | - | €8,193 | - |
| Tangible fixed assets22/27 | €545,002 | €608,990 | ▲ 11.7% |
| Financial fixed assets28 | €32,500 | €20,000 | ▼ 38.5% |
| Current assets29/58 | €228,877 | €90,015 | ▼ 60.7% |
| Amounts receivable within one year40/41 | €195,721 | €82,244 | ▼ 58.0% |
| Current investments50/53 | €361 | €374 | ▲ 3.8% |
| Cash at bank and in hand54/58 | €32,795 | €7,397 | ▼ 77.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €806,380 | €727,198 | ▼ 9.8% |
| Equity10/15 | €404,332 | €459,423 | ▲ 13.6% |
| Contributions10/11 | €191,040 | €191,040 | = |
| Reserves13 | €213,292 | €268,383 | ▲ 25.8% |
| Amounts payable17/49 | €402,047 | €267,775 | ▼ 33.4% |
| Amounts payable after more than one year17 | €251,306 | €152,703 | ▼ 39.2% |
| Amounts payable within one year42/48 | €150,741 | €115,072 | ▼ 23.7% |
| Trade debts44 | €416 | €57,126 | ▲ 13,628% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€24,360 | €55,091 | ▲ 326% |
| + Depreciation and write-downs630 | €15,577 | €25,543 | ▲ 64.0% |
| Operating cash flow (approximation) | -€8,783 | €80,634 | ▲ 1,018% |
| Investment in fixed assets (approximation) | - | -€85,224 | - |
| Change in cash | - | -€25,399 | - |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €55,091
Net result €55,091 after one loss-making year.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
State Gazette act
General meeting · Approval
Capital increase · Share issue
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
13-01
State Gazette act
General meeting · Capital increase
Statutes amendment · Director resignation
2015
30-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-10
State Gazette act
Board meeting · Capital increase
Capital · Statutes amendment
12-05
State Gazette act
General meeting · Capital increase
Capital · Power of attorney
Show earlier events
29-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
25-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
12-08
State Gazette act
General meeting · Board meeting
Capital increase · Capital
12-08
State Gazette act
General meeting · Board meeting
Capital increase · Capital
12-07
State Gazette act
Incorporation · Founding capital
Bank account · Corporate purpose
12-07
State Gazette act
Incorporation · Founding capital
Corporate purpose · First fiscal year · Frank Liesse
27-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
25-04
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
2 connected companiesThe connected companies are in the list below.
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Linked via shared directors
Down2Earth Investment Fund
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FinIT Services
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Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3