DEN NORSKE SKOLEN I BRUSSEL

Share Ownership

Return on Equity

−4,81 %

Current Ratio

1,2

Debt-to-Equity Ratio

Key figures (EUR)	2015	2014	2013
Revenue	1 018 000	822 000	295 000
Net Income	−5 000	80 000	29 000
Total Assets	463 000	406 000	194 000
Total Equity	104 000	109 000	33 000

Income (EUR)	2015	2014	2013
Revenue	1 018 000	822 000	295 000
Expenditure	1 017 000	756 000	263 000
Operating Profit	0	66 000	32 000
Financial Income	1 000	0	0
Financial Costs	6 000	−14 000	3 000
Financial Balance	−5 000	14 000	−3 000
Earnings Before Tax	−5 000	80 000	29 000
Tax	0	0	0
Net Income	−5 000	80 000	29 000

Balance (EUR)	2015	2014	2013
Total Fixed Assets	31 000	32 000	0
Total Current Assets	432 000	374 000	194 000
Total Assets	463 000	406 000	194 000
Total Retained Equity	104 000	109 000	29 000
Total Equity	104 000	109 000	33 000
Total Long-Term Debt	0	0	0
Total Current Debt	359 000	297 000	161 000
Total Equity and Debt	463 000	406 000	194 000

Cash flow (EUR)	2015	2014	2013
Sales Income	0	0	0
Other Income	1 018 000	822 000	295 000
Revenue	1 018 000	822 000	295 000
Cost of Goods Sold	11 000	8 000	7 000
Salary Costs	778 000	603 000	209 000
Depreciation	18 000	5 000	0
Impairment	0	0	0
Expenditure	1 017 000	756 000	263 000
Operating Profit	0	66 000	32 000
Financial Income	1 000	0	0
Financial Costs	6 000	−14 000	3 000
Financial Balance	−5 000	14 000	−3 000
Dividends	0	0	0
Net Income	−5 000	80 000	29 000

Balance details (EUR)	2015	2014	2013
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	31 000	32 000	0
Total Tangible Assets	31 000	32 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	31 000	32 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	369 000	316 000	173 000
Total Current Assets	432 000	374 000	194 000
Total Assets	463 000	406 000	194 000
Total Equity	104 000	109 000	33 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	61 000	55 000	63 000
Unpaid Taxes	6 000	0	0
Dividends	0	0	0
Other Current Debt	292 000	242 000	98 000
Total Current Debt	359 000	297 000	161 000
Total Equity and Debt	463 000	406 000	194 000

Financial indicators	2015	2014	2013
Return on Equity	−4,81 %	73,39 %	87,88 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	0 %	8,03 %	10,85 %
Current Ratio	1,2	1,26	1,2
Quick Ratio	1,2	1,26	1,2
Equity Ratio	0,22	0,27	0,17
Gross Profit Margin	98,92 %	99,03 %	97,63 %