MIRA INFORM REPORT

Report No. :	512451
Report Date :	01.06.2018

IDENTIFICATION DETAILS

Name :	GEOCONCEPT
Registered Office :	Geoconcept, Alsoft, 152 160, 152 Avenue Aristide Briand, 92220 Bagneux
Country :	France
Financials (as on) :	31.12.2016
Date of Incorporation :	June 1990
Com. Reg. No.:	RCS Nanterre B 378 424 477
Legal Form :	Simplified joint stock company
Line of Business :	Application Software Edition
No. of Employees :	50 to 99

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

FRANCE - ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. France is the most visited country in the world with 83 million foreign tourists in 2016, including 530,000 visitors for the 2016 Euro Cup. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality.

France's real GDP grew by 1.6% in 2017, up from 1.2% the year before. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2015, before falling to 9.5% in 2017. Youth unemployment in metropolitan France decreased from 24.6% in the fourth quarter of 2014 to 24% in the fourth quarter of 2016.

France’s public finances have historically been strained by high spending and low growth. Despite measures to restore public finances, the budget deficit rose from 3.3% of GDP in 2008 to 7.5% of GDP in 2009. In 2017, the budget deficit improved to 2.9% of GDP, bringing it in compliance with the EU-mandated 3% deficit target. Meanwhile, France's public debt rose from 89.5% of GDP in 2012 to 96.9% in 2017.

Since entering office in May 2017, President Emmanuel MACRON launched a series of economic reforms to improve competitiveness and boost economic growth. President MACRON campaigned on reforming France’s labor code and in late 2017 implemented a range of reforms to increase flexibility in the labor market by making it easier for firms to hire and fire and simplifying negotiations between employers and employees. In addition to labor reforms, President MACRON’s proposed 2018 budget cuts public spending, taxes, and social security contributions to spur private investment and increase purchasing power.

Source : CIA

Company summary

SIRET	378 424 477 00107
Name	GEOCONCEPT
Acronym	-
Trade name	-
Status	Economically active
Postal Address	GEOCONCEPT ALSOFT 152 160 152 AVENUE ARISTIDE BRIAND 92220 BAGNEUX FRANCE
Share Capital	809,039 Euros
Telephone	01 72 74 76 78
Activity (APE)	Application Software Edition (5829C)
Formation Date	06/1990
Deregistration Date	-
Court Registry Number	20 0 7B04524
Registration Court	Nanterre (92)
Nationality	France
RCS Registration	RCS Nanterre B 378 424 477
EUR VAT Number	FR90378424477
Last account Date	31/12/2016
Incorporiation Date	06/1990
Fax	-
Legal form	Simplified joint stock company
Currency	Euros

Key Financials

Year to date	Turnover	Gross operating surplus	Shareholder's equity	Net result	Employees
31/12/2016	10,641,820 €	14.29% Turnover	11,516,627 €	1,739,429 €	50 to 99 employees
31/12/2015	9,550,314 €	11.12% Turnover	9,777,195 €	1,544,308 €	50 to 99 employees
31/12/2014	8,023,863 €	10.44% Turnover	8,232,888 €	1,613,684 €	50 to 99 employees

View details

Directors

Current Directors

4

View Details

Judgment and Preferential

Judgment	No judgement	View details
Preferential Right	No social security and tax office preferential right to date	View details

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	5829A	Activity	System and Network Software Edition
Formation Date	06/2017	Reason for Formation	Formation
Closure Date	-	Reason for Closure	-
Reactivation Date	-	Seasonality	-
Activity Nature	Other	Activity Location	Other
Trading Address	152 AVENUE ARISTIDE BRIAND 92220 BAGNEUX	Department	Hauts-de-Seine (92)
Location Surface	-	District	1
City	BAGNEUX	Status	Economically active
Business Pages FT®	INFORMATIQUE: LOGICIELS, PROGICIELS	Region	Ile-de-France
		Area	03
		Size of Urban Area	Paris conglomeration

Other Establishment(s)

Regionality	-
Mono-activity status	Legal unit having all establishments with the same main activity
Branches	4 branch entities in this company

Company Name	Company Type	APE/NAF Code	Activity	City	Post Code
GEOCONCEPT	Head Office	5829C	Application Software Edition	BAGNEUX	92220
GEOCONCEPT	Branch	5829C	Application Software Edition	CAEN	14000
GEOCONCEPT	Branch	5829C	Application Software Edition	PARIS 13	75013
GEOCONCEPT	Branch	5829C	Application Software Edition	BAGNEUX	92220
GEOCONCEPT	Branch	5829C	Application Software Edition	SAINT CONTEST	14280

View Details

Workforces

Workforce at address	50 to 99 employees	Company workforce	50 to 99 employees
		Workforce account	Workforce unknown
		31/12/2016

Commentary

The ratio total assets to total liabilities is 3.22

The shareholder's equity is 11,516,627 €

The decrease in the gearing percentage over the last two accounting periods is 31 %

The stock to turnover ratio is 0

The company has 4 directors

The creditor days are 41.65

The total assets are 17,401,141 €

The risk provisions are 0 €

The net current assets are 13,487,887 €

The pre-tax profit is 1,041,860 €

The liabilities are 5,404,605 €

The return on total assets employed is 5.99

The net turnover is below the average of its class

High risk workforce size

The decrease of tangible fixed assets over the last two accounting periods is 25 %

The sales to current assets ratio is 0.79

Industry comparison

Activity (APE)

Application Software Edition (5829C)

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Company monitored since	12/10/2011
Status of Monitoring	No social security and tax office preferential right to date

Social security, pension funds preferential rights

Number of preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

Hide

31203363

05/06/2012

25/10/2012

IRICASA

40,134 EUR

-

Reason for closure	Crossed Off
Court	Nanterre
Description	SOMMES DUES AU 03/02/2012
Creditor	IRICASA 6 rue Emile Reynaud 75926, PARIS CEDEX 19
Debtor	GEO CONCEPT 52 AV Aristide Briand 92220 BAGNEUX, FR

Hide

31204971

14/08/2012

23/10/2012

U G R R

4,104 EUR

-

Reason for closure	Crossed Off
Court	Nanterre
Creditor	U G R R 37 BLD BRUNE 75014, PARIS
Debtor	GEO CONCEPT 52 AV Aristide Briand 92220 BAGNEUX, FR

Preferential rights details and history

Summary of preferential rights

Company monitored since	12/10/2011
Status of Monitoring	No social security and tax office preferential right to date

Social security, pension funds preferential rights

Number of preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

Hide

31203363

05/06/2012

25/10/2012

IRICASA

40,134 EUR

-

Reason for closure	Crossed Off
Court	Nanterre
Description	SOMMES DUES AU 03/02/2012
Creditor	IRICASA 6 rue Emile Reynaud 75926, PARIS CEDEX 19
Debtor	GEO CONCEPT 52 AV Aristide Briand 92220 BAGNEUX, FR

Hide

31204971

14/08/2012

23/10/2012

U G R R

4,104 EUR

-

Reason for closure	Crossed Off
Court	Nanterre
Creditor	U G R R 37 BLD BRUNE 75014, PARIS
Debtor	GEO CONCEPT 52 AV Aristide Briand 92220 BAGNEUX, FR

Group Data

No group information available for the company

Shareholders

No Shareholders available for this company

Linkages

No Linkages information available for the company.

Director(s)

Name	M. BANNELIER MARC
Manager position	Managing director	Date of birth	12/05/1963
Place of birth	CHÂLONS-EN-CHAMPAGNE
Type	Individual	Name at birth
				View Details
Name	M. LANZI ERIC
Manager position	President	Date of birth	08/04/1963
Place of birth	VILLERUPT
Type	Individual	Name at birth

Statutory Auditor

Name	CABINET GUINARD SARL
Name of representative
Manager position	Deputy auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth
Name	CAP ECGE
Name of representative
Manager position	Statutory auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M. LANZI ERIC	08/04/1963 - VILLERUPT	View Details
Chairman of the Board	M. LANZI ERIC	08/04/1963 - VILLERUPT	View Details
Managing director	M. BANNELIER MARC	12/05/1963 - CHÂLONS-EN-CHAMPAGNE	View Details
Managing director	M. BANNELIER MARC	12/05/1963 - CHALONS EN CHAMPAGNE	View Details
Managing director	M. LANZI ERIC	08/04/1963 - VILLERUPT	View Details
Delegated managing director	M. BANNELIER MARC	12/05/1963 - CHALONS EN CHAMPAGNE	View Details
Administrator	Mme. ARTHAUD ANNE	20/02/1967 - ST DIZIER	View Details
Administrator	M. BANNELIER MARC	12/05/1963 - CHALONS EN CHAMPAGNE	View Details
Administrator	MME. FRANZINI VERONIQUE	-	View Details
President of the management board	M. LANZI ERIC	08/04/1963 - VILLERUPT	View Details
President of the supervisory council	Mme. ARTHAUD ANNE	20/02/1967 - ST DIZIER	View Details

Status history

Date	Description
23/06/2017	Economically active

Recent publications in Gazettes

	Publication date	Gazette Name	Description
Hide	16/07/2017	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2692 - 378 424 477 RCS Nanterre. GEOCONCEPT. Forme : Société par actions simplifiée. Capital : 809039 EUR. Activité : . Adresse du siège social : 152/160 avenue Aristide Briand, 92220 Bagneux. Commentaires : Modification de l'adresse du siège. Modification du capital..
Hide	07/07/2017	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 9941 - 378424477 RCS. GEOCONCEPT. Forme : Société par actions simplifiée. Adresse : 52 avenue Aristide Briand 92220 Bagneux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2016.
Hide	17/08/2016	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 10626 - 378424477 RCS. GEOCONCEPT. Forme : Société par actions simplifiée. Adresse : 52 avenue Aristide Briand 92220 Bagneux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2015.
Hide	23/07/2015	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1618 - 378 424 477 RCS Nanterre. GEOCONCEPT. Forme : Société par actions simplifiée. Administration : Président du directoire : LANZI Eric modification le 25 Octobre 2012 Directeur général Membre du comité stratégique : BANNELIER Marc modification le 15 Juillet 2015 Commissaire aux comptes suppléant : CABINET GUINARD SARL Membre du comité stratégique : CM-CIC Investissement représenté par MARTIN Thierry modification le 15 Juillet 2015 Membre du conseil de surveillance : ARTHAUD Yves modification le 19 Novembre 2012 Président Président du comité stratégique Membre du comité stratégique : LANZI Eric modification le 15 Juillet 2015 Membre du conseil de surveillance : BANNELIER Anne en fonction le 25 Octobre 2012 Commissaire aux comptes titulaire : CAP ECGE en fonction le 15 Juillet 2015. Capital : 1172172.32 EUR. Activité : . Commentaires : Modification de la forme juridique. Modification du capital. Modification de représentant.
Hide	18/07/2015	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 7850 - 378424477 RCS. GEOCONCEPT. Forme : Société anonyme à directoire et conseil de surveillance. Adresse : 52 avenue Aristide Briand 92220 Bagneux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2014.
Hide	02/07/2015	JAL	Resignation / Revocation of the social representative
Echos (Les) / Le Publicateur Légal - La Vie Judiciaire Date de décision : 17/06/2015 La société 378424477 - GEOCONCEPT, 52 AV ARISTIDE BRIAND, 92220 BAGNEUX Fait l'objet du départ de Monsieur Eric LANZI, De Madame Anne ARTHAUD, 14 Avenue des Aqueducs, 94110, ARCUEIL, De Monsieur Yves ARTHAUD, 14 Avenue des Aqueducs, 94110, ARCUEIL, De Monsieur Marc BANNELIER, De Monsieur Eric LANZI, De Madame Anne ARTHAUD, 14 Avenue des Aqueducs, 94110, ARCUEIL, De Monsieur Yves ARTHAUD, 14 Avenue des Aqueducs, 94110, ARCUEIL, De ECCGE Expertise comptable consei, De Monsieur Marc BANNELIER
Hide	02/07/2015	JAL	Appointment of the social representative
Echos (Les) / Le Publicateur Légal - La Vie Judiciaire Date de décision : 17/06/2015 Société faisant l'objet d'une nomination : 378424477 - GEOCONCEPT, 52 AV ARISTIDE BRIAND, 92220 BAGNEUX Nominé : Monsieur Eric LANZI, 78370 PLAISIR En la fonction de : Président Nominé : Monsieur Marc BANELLIER, 75013 PARIS 13 En la fonction de : Directeur général Nominé : Monsieur Eric LANZI Nominé : 317586220 - CM-CIC INVESTISSEMENT, BANQUE DE VIZILLE, 28 AV DE L OPERA, 75002 PARIS 2
Hide	02/07/2015	JAL	Modification of the share capital
Echos (Les) / Le Publicateur Légal - La Vie Judiciaire Date de décision : 17/06/2015 La société : 378424477 - GEOCONCEPT, 52 AV ARISTIDE BRIAND, 92220 BAGNEUX a subi une augmentation de son capital social désormais de 1 172 172 € Date d'effet : 17/06/2015
Hide	16/08/2014	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 14481 - 378424477 RCS. GEOCONCEPT. Forme : Société anonyme à directoire et conseil de surveillance. Adresse : 52 avenue Aristide Briand 92220 Bagneux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
Hide	03/11/2013	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1509 - 378 424 477 RCS Nanterre. GEOCONCEPT. Forme : Société anonyme à directoire et conseil de surveillance. Administration : Président du directoire : LANZI Eric modification le 25 Octobre 2012 Membre du directoire Directeur général : BANNELIER Marc modification le 25 Octobre 2012 Commissaire aux comptes titulaire : CABINET ECCGE - EXPERTISE COMPTABLE CONSEILS GESTION D'ENTREPRISE SARL Commissaire aux comptes suppléant : CABINET GUINARD SARL Président du conseil de surveillance : BANNELIER Anne modification le 25 Octobre 2012 Membre du conseil de surveillance : CM-CIC Investissement représenté par MARTIN Thierry modification le 24 Octobre 2013 Membre du conseil de surveillance : ARTHAUD Yves modification le 19 Novembre 2012 Membre du directoire : LANZI Eric en fonction le 25 Octobre 2012 Membre du conseil de surveillance : BANNELIER Anne en fonction le 25 Octobre 2012 Vice-président du conseil de surveillance : ARTHAUD Yves modification le 12 Novembre 2012. Activité : . Commentaires : Modification de représentant.
Hide	25/07/2013	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 10483 - 378424477 RCS. GEOCONCEPT. Forme : Société anonyme à directoire et conseil de surveillance. Adresse : 52 avenue Aristide Briand 92220 Bagneux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
Hide	07/11/2012	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2538 - 378 424 477 RCS Nanterre. GEOCONCEPT. Forme : Société anonyme à directoire et conseil de surveillance. Administration : Président du directoire : LANZI Eric modification le 25 Octobre 2012 Directeur général - membre du directoire : BANNELIER Marc modification le 25 Octobre 2012 Commissaire aux comptes titulaire : CABINET ECCGE - EXPERTISE COMPTABLE CONSEILS GESTION D'ENTREPRISE SARL Commissaire aux comptes suppléant : CABINET GUINARD SARL Président du conseil de surveillance : BANNELIER Anne modification le 25 Octobre 2012 Membre du conseil de surveillance : CM-CIC Investissement représenté par ROCHE Blandine en fonction le 25 Octobre 2012 Membre du conseil de surveillance : ARTHAUD Yves en fonction le 25 Octobre 2012 Membre du directoire : LANZI Eric en fonction le 25 Octobre 2012 Membre du conseil de surveillance : BANNELIER Anne en fonction le 25 Octobre 2012 Vice président du conseil de surveillance : ARTHAUD Yves en fonction le 25 Octobre 2012. Capital : 1171909.99 EUR. Activité : . Commentaires : Modification de la forme juridique. Modification du capital. Modification de représentant.
Hide	19/10/2012	JAL	Modification of the share capital
Journal spécial des sociétés (Le) Date de décision : 18/09/2012 La société : 378424477 - GEOCONCEPT, 52 AV ARISTIDE BRIAND, 92220 BAGNEUX a subi une augmentation de son capital social désormais de 1 171 910 € Date d'effet : 18/09/2012
Hide	19/10/2012	JAL	Appointment of the social representative
Journal spécial des sociétés (Le) Date de décision : 18/09/2012 Société faisant l'objet d'une nomination : 378424477 - GEOCONCEPT, 52 AV ARISTIDE BRIAND, 92220 BAGNEUX Nominé : Monsieur Eric LANZI En la fonction de : Président du Directoire Nominé : Monsieur Yves ARTHAUD, 94110 ARCUEIL En la fonction de : Vice-Président Nominé : Monsieur Marc BANNELIER En la fonction de : Membre du Directoire Nominé : Monsieur Eric LANZI En la fonction de : Membre du Directoire Nominé : Non renseignée CM-CIC INVESTISSEMENT, 75002 PARIS 02 En la fonction de : Membre du Conseil de Surveillance Nominé : Monsieur Yves ARTHAUD, 94110 ARCUEIL En la fonction de : Membre du Conseil de Surveillance Nominé : Madame Anne BANNELIER ARTHAUD En la fonction de : Membre du Conseil de Surveillance Nominé : Monsieur Marc BANNELIER En la fonction de : Directeur général
Hide	03/07/2012	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1503 - 378 424 477 RCS Nanterre. GEOCONCEPT. Forme : Société anonyme. Activité : . Commentaires : Modification de la dénomination.
Hide	13/02/2012	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 12043 - 378424477 RCS. GEO CONCEPT. Forme : Société anonyme. Adresse : 52 avenue Aristide Briand 92220 Bagneux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/05/2011.
Hide	13/12/2011	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2488 - 378 424 477 RCS Nanterre. GEO CONCEPT. Forme : Société anonyme. Capital : 1000000 EUR. Activité : . Commentaires : Modification du capital.
Hide	21/10/2011	JAL	Modification of the share capital
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 14/10/2011 La société : 378424477 - GEO CONCEPT, 52 AV ARISTIDE BRIAND, 92220 BAGNEUX a subi une augmentation de son capital social désormais de 1 000 000 € Date d'effet : 14/10/2011
Hide	28/06/2011	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1379 - 378 424 477 RCS Nanterre. GEO CONCEPT. Forme : Société anonyme. Capital : 655223.92 EUR. Activité : . Commentaires : Modification du capital.
Hide	16/06/2011	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2611 - 378 424 477 RCS Nanterre. GEO CONCEPT. Forme : Société anonyme. Administration : Président du conseil d'administration et directeur général : LANZI Eric modification le 09 Juillet 2007 Directeur général délégué et administrateur : BANNELIER Marc Commissaire aux comptes titulaire : CABINET ECCGE - EXPERTISE COMPTABLE CONSEILS GESTION D'ENTREPRISE SARL Commissaire aux comptes suppléant : CABINET GUINARD SARL Administrateur : BANNELIER Anne en fonction le 06 Juin 2011. Activité : . Commentaires : Modification de représentant.
Hide	27/05/2011	JAL	Modification of the share capital
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 25/03/2011 La société : 378424477 - GEO CONCEPT, 52 AV ARISTIDE BRIAND, 92220 BAGNEUX a subi une diminution de son capital social désormais de 655 224 € Date d'effet : 25/03/2011
Hide	27/05/2011	JAL	Resignation / Revocation of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 18/03/2011 La société 378424477 - GEO CONCEPT, 52 AV ARISTIDE BRIAND, 92220 BAGNEUX Fait l'objet du départ de Date d'effet : 18/03/2011
Hide	07/02/2011	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 13903 - 378424477 RCS. GEO CONCEPT. Forme : Société anonyme. Adresse : 52 avenue Aristide Briand 92220 Bagneux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/05/2010.
Hide	26/02/2010	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 3187 - 378 424 477 RCS Nanterre. GEO CONCEPT. Forme : Société anonyme. Capital : 898350.74 EUR. Commentaires : Modification du capital.
Hide	19/02/2010	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 7587 - 378424477 RCS. GEO CONCEPT. Forme : Société anonyme. Adresse : 52 avenue Aristide Briand 92220 Bagneux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/05/2009.
Hide	18/01/2010	JAL	Modification of the share capital
LES PETITES AFFICHES Date de décision : 30/10/2009 La société : 378424477 - GEO CONCEPT, 52 AV ARISTIDE BRIAND, 92220 BAGNEUX a subi une diminution de son capital social désormais de 898 351 €
Hide	23/12/2009	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 8278 - 378424477 RCS. GEO CONCEPT. Forme : Société anonyme. Adresse : 52 avenue Aristide Briand 92220 Bagneux. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/05/2008.
Hide	13/05/2009	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2175 - 378 424 477 RCS Nanterre. GEO CONCEPT. Forme : Société anonyme. Capital : 1014374.70 EUR. Commentaires : Modification du capital.
Hide	13/05/2009	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 2176 - 378 424 477 RCS Nanterre. GEO CONCEPT. Forme : Société anonyme. Capital : 1003498.50 EUR. Commentaires : Modification du capital.
Hide	25/01/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8881 - 378424477 RCS. GEO CONCEPT. Forme : Société anonyme. Adresse : 25-27 rue de Tolbiac 75013 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/05/2007.
Hide	01/08/2007	Bodacc B	Modifications et mutations diverses
1513 - RCS B 378 424 477. RC 07-B 4524. GEO CONCEPT. Forme : S.A. Capital : 1 000 700 euros. Adresse du siège social : 52 avenue Aristide-Briand, 92220 Bagneux. Administration : président du conseil d'administration et directeur général : LANZI (Eric). Administrateur : FRANZINI (Véronique, Danielle). Directeur général délégué et administrateur : BANNELIER (Marc). Commissaire aux comptes titulaire : CABINET ECCGE-EXPERTISE COMPTABLE CONSEILS GESTION D'ENTREPRISE S.A.R.L. Commissaire aux comptes suppléant : CABINET GUINARD S.A.R.L. Etablissement principal - Nom commercial : Alsoft. Activité : développement, distribution de logiciels informatiques, conseil et services en informatique. Adresse : 52 avenue Aristide-Briand, 92220 Bagneux. Commentaires : cette société transfère son siège social des 25-27 rue de Tolbiac, 75013 Paris. Date d'effet : 6 juillet 2007.
Hide	28/01/2007	Bodacc C	Avis de dépôt des comptes
4021 - RCS Paris B 378 424 477. RC 90-B 9494. GEO CONCEPT. Forme: S.A. Adresse du siège social: 25-27, R de Tolbiac,Paris, 75013 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mai 2006.
Hide	28/01/2006	Bodacc C	Avis de dépôt des comptes
1027 - RCS Paris B 378 424 477. RC 90-B 9494. GEO CONCEPT. Forme: S.A. Adresse du siège social: 25, 27, R de Tolbiac,Paris, 75013 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mai 2005.
Hide	21/08/2005	Bodacc B	Modifications et mutations diverses
647 - RCS Paris B 378 424 477. RC 90-B 9494. GEO CONCEPT. Forme : S.A. Nom commercial : Alsoft. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : SPITZ OLLIVIER ET ASSOCIES. Nomination d'un commissaire aux comptes titulaire : CABINET ECCGE-EXPERTISE COMPTABLE CONSEILS GESTION D'ENTREPRISE S.A.R.L. Commissaire aux comptes suppléant partant : OLLIVIER (Paul). Nomination d'un commissaire aux comptes suppléant : CABINET GUINARD S.A.R.L.
Hide	15/02/2005	Bodacc C	Avis de dépôt des comptes
1262 - RCS Paris B 378 424 477. RC 90-B 9494. GEO CONCEPT. Forme: S.A. Adresse du siège social: 25-27, R de Tolbiac,75013 Paris. Comptes annuels et rapports de l'exercice clos le: 31 mai 2004.
Hide	10/12/2004	Bodacc B	Modifications et mutations diverses
RCS Paris B 378424477 RC 90-B 9494 GEO CONCEPT. Forme : S.A. Capital : 1 000 700 euros Nom commercial: Alsoft. Commentaires : modification survenue sur le capital (augmentation).
Hide	25/12/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 378424477 RC 90-B 9494 GEO CONCEPT. Forme : S.A Nom commercial: Alsoft. Commentaires : modification survenue sur l'administration. Administration : modification du président du conseil d'administration et directeur général : LANZI (Eric). Modification du directeur général délégué et administrateur : BANNELIER ( Marc).
Hide	24/01/2002	Bodacc B	Modifications et mutations diverses
RCS Paris B 378424477 RC 90-B 9494 GEO CONCEPT. Forme : S.A. Capital : 1 000 000 d' euros Nom commercial: Alsoft. Commentaires : modification survenue sur le capital (augmentation) et l' administration. Administration : commissaire aux comptes titulaire partant : DERVIEUX (Philippe). Nomination du commissaire aux comptes titulaire : SPITZ OLLIVIER ET ASSOCIES. Commissaire aux comptes suppléant partant : CABINET ANGELI S.A.R.L. Nomination du commissaire aux comptes suppléant : OLLIVIER (Paul).
Hide	19/06/1998	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 378 424 477 RC RC 90- B 9494 GEO CONCEPT. Forme : S.A Nom commercial: Alsoft. Adresse du siège social : 25-27, rue de Tolbiac 75013 Paris Etablissement principal: Adresse : 25-27, rue de Tolbiac 75013 Paris. Commentaires : modification survenue sur la dénomination, le nom commercial, l' adresse du siège social et de l' établissement principal.
Hide	28/07/1996	Bodacc B	Modifications et mutations diverses
RCS Paris B 378 424 477 RC 90-B 9494 ALSOFT. Forme : S.A. Capital : 365 200 F. Commentaires : modification survenue sur le capital.
Hide	25/07/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 378 424 477 RC RC 90- B 9494 ALSOFT. Forme : S.A. Administration : président du conseil d'administration : LANZI (Eric) Directeur général et administrateur : BANNELIER (Marc). Administrateur : FRANZINI (Véronique, Danielle). Commissaire aux comptes titulaire : DERVIEUX (Philippe). Commissaire aux comptes suppléant : CABINET ANGELI S.A.R.L. Commentaires : modification survenue sur la forme juridique et l'administration.
Hide	21/07/1996	Bodacc B	Modifications et mutations diverses
RCS Paris B 378 424 477 RC 90-B 9494 ALSOFT. Forme : S.A.R.L. Capital : 250 000 F. Commentaires : modification survenue sur le capital.
Hide	26/04/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 378 424 477 RC RC 90- B 9494 ALSOFT. Forme : S.A.R.L. Administration : gérant : LANZI (Eric). Commissaire aux comptes titulaire : DERVIEUX (Philippe). Commissaire aux comptes suppléant : CABINET ANGELI S.A. R.L. Commentaires : modification survenue sur l'administration.
Hide	25/05/1995	Bodacc B	Modifications et mutations diverses
RCS *. RCS Paris B 378 424 477 RC RC 90- B 9494 ALSOFT. Forme : S.A.R.L. Adresse du siège social : 62, rue Jeanne-d'Arc 75013 Paris Etablissement principal: Adresse : 62, rue Jeanne-d'Arc 75013 Paris. Commentaires : modification survenue sur l'adresse du siège social et de l'établissement principal.

Company events history

Date	Description
16/07/2017	Bodacc B: Various editing or changing
11/07/2017	Registered office transferred inside jurisdiction of the Commercial Court
11/07/2017	Capital reduction
11/07/2017	Amendment
11/07/2017	Updated articles of association
07/07/2017	Bodacc C : Deposit accounts notice
27/06/2017	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
23/06/2017	Update of Company Head Office Identifier
17/05/2017	Capital reduction
17/05/2017	Amendment
31/12/2016	New accounts available
17/08/2016	Bodacc C : Deposit accounts notice
12/08/2016	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2015	New accounts available
13/10/2015	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
23/07/2015	Bodacc B: Various editing or changing
18/07/2015	Bodacc C : Deposit accounts notice
15/07/2015	New legal form – new category
15/07/2015	New auditor
15/07/2015	Minutes of general meeting of shareholders
15/07/2015	Capital increase
15/07/2015	Updated articles of association
02/07/2015	Legal Gazette: Resignation / Revocation of the social representative
17/06/2015	Legal Gazette: Appointment of the social representative
17/06/2015	Legal Gazette: Modification of the share capital
22/01/2015	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2014	New accounts available
06/12/2014	Disengagement of the group
06/12/2014	Disengagement in other companies
16/08/2014	Bodacc C : Deposit accounts notice
14/08/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/07/2014	Updated articles of association
30/07/2014	Amendment
31/12/2013	New accounts available
03/11/2013	Bodacc B: Various editing or changing
24/10/2013	Appointment/resignation of company officers
24/10/2013	Amendment
22/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
25/07/2013	Bodacc C : Deposit accounts notice
13/05/2013	Updated articles of association
13/05/2013	Minutes of general meeting of shareholders
13/05/2013	Amendment
02/02/2013	New subsidiarie(s) detected
31/12/2012	New accounts available
07/11/2012	Bodacc B: Various editing or changing
25/10/2012	New chairman (CEO, CoB)
25/10/2012	Minutes of general meeting of shareholders
25/10/2012	Changes to the Board of Directors
25/10/2012	Appointment/resignation of company officers
25/10/2012	Amendment
25/10/2012	New legal form – new category
25/10/2012	Updated articles of association
25/10/2012	Capital increase
18/09/2012	Legal Gazette: Appointment of the social representative
18/09/2012	Legal Gazette: Modification of the share capital
07/09/2012	Audit or Management Report
22/08/2012	Amendment
22/08/2012	Application and court order
14/08/2012	Unfiling of a Social Security preferential right
14/08/2012	New Filling of Social Security preferential right
03/07/2012	Bodacc B: Various editing or changing
25/06/2012	New closing date
25/06/2012	New company name
25/06/2012	Updated articles of association
25/06/2012	Minutes of general meeting of shareholders
05/06/2012	New Filling of Social Security preferential right
05/06/2012	Unfiling of a Social Security preferential right
13/02/2012	Bodacc C : Deposit accounts notice
07/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
13/12/2011	Bodacc B: Various editing or changing
02/12/2011	Updated articles of association
02/12/2011	Minutes of general meeting of shareholders
02/12/2011	Capital increase
14/10/2011	Legal Gazette: Modification of the share capital
12/10/2011	Collection of preferential rights activated for this company
28/06/2011	Bodacc B: Various editing or changing
20/06/2011	Amendment
20/06/2011	Updated articles of association
20/06/2011	Minutes of Board meeting
20/06/2011	Capital reduction
20/06/2011	Audit or Management Report
16/06/2011	Bodacc B: Various editing or changing
06/06/2011	Minutes of general meeting of shareholders
06/06/2011	Changes to the Board of Directors
31/05/2011	New accounts available
27/05/2011	Legal Gazette: Resignation / Revocation of the social representative
06/05/2011	New shareholders detected
29/03/2011	Capital reduction
29/03/2011	Minutes of general meeting of shareholders
25/03/2011	Legal Gazette: Modification of the share capital
07/02/2011	Bodacc C : Deposit accounts notice
31/05/2010	New accounts available
26/02/2010	Bodacc B: Various editing or changing
19/02/2010	Bodacc C : Deposit accounts notice
16/02/2010	Updated articles of association
16/02/2010	Amendment
16/02/2010	Capital reduction
16/02/2010	Minutes of Board meeting
23/12/2009	Bodacc C : Deposit accounts notice
01/12/2009	Capital reduction
01/12/2009	Minutes of general meeting of shareholders
30/10/2009	Legal Gazette: Modification of the share capital
31/05/2009	New accounts available
13/05/2009	Bodacc B: Various editing or changing
30/04/2009	Capital reduction
30/04/2009	Capital increase
30/04/2009	Amendment
30/04/2009	Minutes of Board meeting
30/04/2009	Minutes of general meeting of shareholders
30/04/2009	Minutes of general meeting of shareholders
30/04/2009	Private document
30/04/2009	Updated articles of association
30/04/2009	Updated articles of association
30/04/2009	Capital reduction
05/12/2008	Minutes of general meeting of shareholders
05/12/2008	Minutes of general meeting of shareholders
05/12/2008	Capital reduction
05/12/2008	Capital reduction
05/12/2008	Private document
28/10/2008	Audit or Management Report
28/10/2008	Audit or Management Report
28/10/2008	Private document
31/05/2008	New accounts available
25/01/2008	Bodacc C : Deposit accounts notice
09/07/2007	Registered office transferred outside jurisdiction of the Commercial Court
09/07/2007	Updated articles of association
09/07/2007	Updated articles of association
09/07/2007	Registration after transfer
09/07/2007	Registration after transfer
09/07/2007	Private document
09/07/2007	Minutes of general meeting of shareholders
09/07/2007	Minutes of Board meeting
31/05/2007	New accounts available
31/05/2006	New accounts available
08/08/2005	Minutes of general meeting of shareholders
08/08/2005	Appointment/resignation of company officers
08/08/2005	New auditor
08/08/2005	Private document
31/05/2005	New accounts available
24/11/2004	Capital increase
24/11/2004	Minutes of Board meeting
24/11/2004	Private document
24/11/2004	Updated articles of association
31/05/2004	New accounts available
31/05/2003	New accounts available
12/12/2002	Appointment/resignation of company officers
12/12/2002	Changes to the Board of Directors
12/12/2002	Minutes of Board meeting
12/12/2002	Minutes of general meeting of shareholders
12/12/2002	New chairman (CEO, CoB)
12/12/2002	Updated articles of association
12/12/2002	Private document
11/01/2002	Conversion of equity to euro
11/01/2002	Minutes of general meeting of shareholders
11/01/2002	Appointment/resignation of company officers
11/01/2002	New auditor
11/01/2002	Private document
11/01/2002	Updated articles of association
11/01/2002	Capital increase
24/06/1998	Minutes of general meeting of shareholders
24/06/1998	Private document
24/06/1998	Amendment
03/06/1998	Private document
03/06/1998	New company name
03/06/1998	Minutes of general meeting of shareholders
03/06/1998	Registered office transferred inside jurisdiction of the Commercial Court
03/06/1998	Updated articles of association
14/05/1998	Minutes of general meeting of shareholders
14/05/1998	New company name
14/05/1998	Registered office transferred inside jurisdiction of the Commercial Court
14/05/1998	Updated articles of association
14/05/1998	Private document
16/07/1996	Private document
16/07/1996	New closing date
16/07/1996	Minutes of general meeting of shareholders
16/07/1996	Minutes of Board meeting
16/07/1996	Capital increase
16/07/1996	Amendment
16/07/1996	Updated articles of association
10/07/1996	Updated articles of association
10/07/1996	Private document
10/07/1996	New legal form – no new category
10/07/1996	New legal form – new category
10/07/1996	Minutes of Board meeting
10/07/1996	Audit or Management Report
10/07/1996	Appointment/resignation of company officers
10/07/1996	Amendment
10/07/1996	Minutes of general meeting of shareholders
05/07/1996	Capital increase
05/07/1996	Minutes of general meeting of shareholders
05/07/1996	Sale of shares
05/07/1996	Audit or Management Report
05/07/1996	Updated articles of association
05/07/1996	Amendment
09/05/1996	Amendment
09/05/1996	Audit or Management Report
11/04/1996	Minutes of general meeting of shareholders
11/04/1996	Amendment
09/05/1995	Amendment
09/05/1995	Minutes of general meeting of shareholders
09/05/1995	Registered office transferred inside jurisdiction of the Commercial Court
09/05/1995	Updated articles of association
22/10/1992	Registered office transferred inside jurisdiction of the Commercial Court
22/10/1992	Minutes of general meeting of shareholders
22/10/1992	Declaration of conformity
22/10/1992	Amendment
22/10/1992	Updated articles of association

Establishment events history

Date	Description
18/04/2018	Update of phone numbers
23/06/2017	Update of Establishment Activity
23/06/2017	Formation of Head office (after transfer)
23/06/2017	Modification of Head office

Financials

Synthesized Accounts

Annual Accounts

	31/12/2016	31/12/2015	31/12/2014
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	26/06/2017	10/08/2016	12/10/2015
Activity Code	5829C	5829C	5829C
Employees	0	0	0

Active account

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Capital not called	0 0 K	0%	0 0 K	0%	0 0 K	199.96 0.20 K	0%	0 0 K	0%
Total fixed assets	3,913,252 3,913 K	4.2%	3,756,570 3,757 K	3.0%	3,647,859 3,648 K	2,659,603.29 2,659.60 K	47.1%	36,083 36 K	10745.1%
Intangible assets	3,295,990 3,296 K	6.2%	3,102,291 3,102 K	6.9%	2,902,625 2,903 K	802,023.86 802.02 K	311.0%	2,977 3 K	110633.7%
Tangible assets	115,859 116 K	-25.3%	155,078 155 K	-10.9%	174,075 174 K	117,688.42 117.69 K	-1.6%	4,402 4 K	2532.0%
Financial assets	501,400 501 K	0.4%	499,201 499 K	-12.6%	571,160 571 K	1,742,021.53 1,742.02 K	-71.2%	1,626 2 K	30736.4%
Net current assets	13,487,887 13,488 K	12.2%	12,018,945 12,019 K	14.5%	10,495,162 10,495 K	3,594,654.74 3,594.65 K	275.2%	254,543 255 K	5198.9%
Stocks	0 0 K	0%	0 0 K	0%	0 0 K	23,297.46 23.30 K	0%	0 0 K	0%
Advanced payments	36,720 37 K	924.8%	3,583 4 K	0%	0 0 K	34,611.22 34.61 K	6.1%	0 0 K	0%
Receivables	5,147,378 5,147 K	-3.9%	5,357,171 5,357 K	0.9%	5,311,355 5,311 K	2,016,924.67 2,016.92 K	155.2%	113,411 113 K	4438.7%
Securities and cash	8,303,788 8,304 K	24.7%	6,658,191 6,658 K	28.4%	5,183,806 5,184 K	1,517,689.14 1,517.69 K	447.1%	74,563 75 K	11036.7%
Prepaid expenses	- -	-	- -	-	- -	1,790.63 1.79 K	-	0 0 K	-
Accounts of regularization	0 0 K	0%	0 0 K	0%	0 0 K	38,184.81 38.18 K	0%	0 0 K	0%
Total Assets	17,401,141 17,401 K	10.3%	15,775,515 15,776 K	11.5%	14,143,024 14,143 K	6,284,341.94 6,284.34 K	176.9%	359,148 359 K	4745.1%

Passive Account

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Shareholders' equity	11,516,627 11,517 K	17.8%	9,777,195 9,777 K	18.8%	8,232,888 8,233 K	2,900,350.82 2,900.35 K	297.1%	123,342 123 K	9237.2%
Share capital	1,172,172 1,172 K	0%	1,172,172 1,172 K	0.0%	1,171,910 1,172 K	472,936.67 472.94 K	147.8%	36,000 36 K	3156.0%
Other capital resources	479,910 480 K	-19.6%	596,691 597 K	-6.6%	638,833 639 K	13,361.06 13.36 K	3491.9%	0 0 K	0%
Risk Provisions	0 0 K	0%	0 0 K	0%	104,000 104 K	212,592.70 212.59 K	0%	0 0 K	0%
Liabilities	5,404,605 5,405 K	0.1%	5,401,626 5,402 K	4.5%	5,167,303 5,167 K	3,135,738.91 3,135.74 K	72.4%	172,180 172 K	3038.9%
Financial liabilities	675,000 675 K	-18.3%	826,490 826 K	-9.8%	916,293 916 K	1,106,957.03 1,106.96 K	-39.0%	9,811 10 K	6780.0%
Advanced payments received	0 0 K	0%	28,791 29 K	0%	0 0 K	14,153.32 14.15 K	0%	0 0 K	0%
Trade account payables	1,214,440 1,214 K	22.6%	990,774 991 K	12.9%	877,837 878 K	348,236.36 348.24 K	248.7%	19,342 19 K	6178.8%
Tax and social liabilities	1,899,495 1,899 K	-4.6%	1,991,741 1,992 K	7.3%	1,856,779 1,857 K	735,228.87 735.23 K	158.4%	97,258 97 K	1853.0%
Other debts and fixed assets liabilities	104,763 105 K	-27.6%	144,721 145 K	27.2%	113,802 114 K	426,274.29 426.27 K	-75.4%	3,033 3 K	3354.7%
Account regularization	1,510,906 1,511 K	6.5%	1,419,109 1,419 K	1.2%	1,402,590 1,403 K	881,885.98 881.89 K	71.3%	671 1 K	225072.3%
Total liabilities	17,401,141 17,401 K	10.3%	15,775,512 15,776 K	11.5%	14,143,024 14,143 K	6,282,183.25 6,282.18 K	177.0%	359,148 359 K	4745.1%

Results

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Sales of Goods	11,732,146 11,732 K	10.8%	10,583,982 10,584 K	23.8%	8,552,204 8,552 K	4,013,813.36 4,013.81 K	192.3%	335,287 335 K	3399.1%
Net turnover	10,641,820 10,642 K	11.4%	9,550,314 9,550 K	19.0%	8,023,863 8,024 K	3,774,103.65 3,774.10 K	182.0%	286,842 287 K	3610.0%
of which net export turnover	1,560,571 1,561 K	16.7%	1,337,367 1,337 K	142.6%	551,188 551 K	569,884.66 569.88 K	173.8%	0 0 K	0%
Operating charges	10,616,064 10,616 K	4.3%	10,177,563 10,178 K	21.4%	8,385,009 8,385 K	3,674,823.32 3,674.82 K	188.9%	338,966 339 K	3031.9%
Operating profit/loss	1,116,082 1,116 K	174.6%	406,419 406 K	143.1%	167,196 167 K	333,556.49 333.56 K	234.6%	8,282 8 K	13376.8%
Financial income	125,653 126 K	-26.6%	171,267 171 K	154.6%	67,278 67 K	106,296.24 106.30 K	18.2%	21 0 K	598247.6%
Financial charges	5,421 5 K	-98.4%	329,258 329 K	430.3%	62,089 62 K	41,810.67 41.81 K	-87.0%	161 0 K	3277.6%
Financial profit/loss	120,232 120 K	176.1%	-157,990 -158 K	-3144.7%	5,189 5 K	64,487.79 64.49 K	86.4%	0 0 K	0%
Pretax net operating income	1,236,314 1,236 K	397.7%	248,428 248 K	44.1%	172,386 172 K	403,478.68 403.48 K	206.4%	8,120 8 K	15126.5%
Extraordinary income	160,422 160 K	-84.7%	1,046,054 1,046 K	11.4%	939,033 939 K	53,436.82 53.44 K	200.2%	0 0 K	0%
Extraordinary charges	292,151 292 K	-24.3%	386,008 386 K	215.4%	122,368 122 K	74,437.36 74.44 K	292.5%	51 0 K	578416.8%
Extraordinary profit/loss	-131,729 -132 K	-120.0%	660,046 660 K	-19.2%	816,665 817 K	-21,001.99 -21.00 K	-527.2%	0 0 K	0%
Net result	1,739,429 1,739 K	12.6%	1,544,308 1,544 K	-4.3%	1,613,684 1,614 K	289,953.22 289.95 K	499.9%	11,923 12 K	14488.9%

Accounts - Active

Normal Account

	31/12/2016	31/12/2015	31/12/2014
Months	12	12	12

Grand Total - Active Accounts (I to VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Grand Total (I to VI)	Net	17,401,141 17,401 K	10.3%	15,775,515 15,776 K	11.5%	14,143,024 14,143 K
Gross	CO	27,853,682 27,854 K	7.4%	25,929,889 25,930 K	11.8%	23,197,842 23,198 K
Amortisation	1A	10,452,541 10,453 K	2.9%	10,154,374 10,154 K	12.1%	9,054,820 9,055 K

Non declared distributed capital (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Non declared distributed capital (I)	AA3	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AA	0 0 K	0%	0 0 K	0%	0 0 K

Active fixed asset (II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Active fixed asset (II)	Net	3,913,252 3,913 K	4.2%	3,756,570 3,757 K	3.0%	3,647,859 3,648 K
Gross	BJ	13,861,405 13,861 K	6.1%	13,069,910 13,070 K	6.8%	12,240,942 12,241 K
Amortisation	BK	9,948,153 9,948 K	6.8%	9,313,340 9,313 K	8.4%	8,593,083 8,593 K

Intangible fixed assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Start-up cost	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AB	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AC	0 0 K	0%	0 0 K	0%	0 0 K
R&D expenses	Net	1,016,225 1,016 K	31.0%	775,733 776 K	5.1%	738,301 738 K
Gross	CX	9,572,439 9,572 K	9.0%	8,782,791 8,783 K	6.7%	8,228,146 8,228 K
Amortisation	CQ	8,556,215 8,556 K	6.9%	8,007,058 8,007 K	6.9%	7,489,845 7,490 K
Distributorships, patents	Net	4,988 5 K	-54.7%	11,003 11 K	-51.4%	22,634 23 K
Gross	AF	178,244 178 K	0.4%	177,513 178 K	-23.8%	232,926 233 K
Amortisation	AG	173,256 173 K	4.1%	166,510 167 K	-20.8%	210,292 210 K
Goodwill	Net	1,946,210 1,946 K	0%	1,946,210 1,946 K	0%	1,946,210 1,946 K
Gross	AH	1,946,210 1,946 K	0%	1,946,210 1,946 K	0%	1,946,210 1,946 K
Amortisation	AI	0 0 K	0%	0 0 K	0%	0 0 K
Other intangible fixed assets	Net	328,567 329 K	-11.0%	369,345 369 K	88.9%	195,480 195 K
Gross	AJ	328,567 329 K	-11.0%	369,345 369 K	88.9%	195,480 195 K
Amortisation	AK	0 0 K	0%	0 0 K	0%	0 0 K
Pre-payments and downpayments	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AL	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AM	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Intangible asset	Net	3,295,990 3,296 K	6.2%	3,102,291 3,102 K	6.9%	2,902,625 2,903 K

Tangible fixed assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Lands	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AN	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AO	0 0 K	0%	0 0 K	0%	0 0 K
Buildings	Net	1,874 2 K	-55.6%	4,223 4 K	-35.7%	6,571 7 K
Gross	AP	333,876 334 K	0.0%	333,877 334 K	0.0%	333,878 334 K
Amortisation	AQ	332,002 332 K	0.7%	329,654 330 K	0.7%	327,307 327 K
Plant	Net	26,422 26 K	-13.0%	30,355 30 K	-5.1%	31,988 32 K
Gross	AR	52,579 53 K	5.0%	50,081 50 K	-8.7%	54,856 55 K
Amortisation	AS	26,156 26 K	32.6%	19,726 20 K	-13.7%	22,868 23 K
Other tangible fixed assets	Net	87,563 88 K	-27.3%	120,500 121 K	-11.1%	135,516 136 K
Gross	AT	648,463 648 K	6.1%	611,268 611 K	5.1%	581,778 582 K
Amortisation	AU	560,900 561 K	14.3%	490,768 491 K	10.0%	446,263 446 K
Fixed assets in construction	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AV	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AW	0 0 K	0%	0 0 K	0%	0 0 K
Advances and payments on account	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AX	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AY	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Tangible asset	Net	115,859 116 K	-25.3%	155,078 155 K	-10.9%	174,075 174 K

Financial assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Associates at equity	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CS	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CT	0 0 K	0%	0 0 K	0%	0 0 K
Other participations	Net	291,250 291 K	0%	291,250 291 K	-0.2%	291,850 292 K
Gross	CU	323,250 323 K	0%	323,250 323 K	-0.2%	323,850 324 K
Amortisation	CV	32,000 32 K	0%	32,000 32 K	0%	32,000 32 K
Inter-company receivables	Net	122,416 122 K	3.8%	117,983 118 K	-34.0%	178,722 179 K
Gross	BB	390,043 390 K	1.2%	385,607 386 K	58.5%	243,230 243 K
Amortisation	BC	267,624 268 K	0%	267,624 268 K	314.9%	64,508 65 K
Other investment securities	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BD	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BE	0 0 K	0%	0 0 K	0%	0 0 K
Loans	Net	4,612 5 K	-26.9%	6,312 6 K	-17.1%	7,612 8 K
Gross	BF	4,612 5 K	-26.9%	6,312 6 K	-17.1%	7,612 8 K
Amortisation	BG	0 0 K	0%	0 0 K	0%	0 0 K
Other financial assets	Net	83,122 83 K	-0.6%	83,656 84 K	-10.0%	92,976 93 K
Gross	BH	83,122 83 K	-0.6%	83,656 84 K	-10.0%	92,976 93 K
Amortisation	BI	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Financial assets	Net	501,400 501 K	0.4%	499,201 499 K	-12.6%	571,160 571 K

Current Assets (III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Current Assets	Net	13,487,887 13,488 K	12.2%	12,018,945 12,019 K	14.5%	10,495,162 10,495 K
Gross	CJ	13,992,274 13,992 K	8.8%	12,859,979 12,860 K	17.4%	10,956,900 10,957 K
Amortisation	CK	504,387 504 K	-40.0%	841,034 841 K	82.1%	461,738 462 K

Stocks

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Raw materials	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BL	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BM	0 0 K	0%	0 0 K	0%	0 0 K
Work in progress (goods)	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BN	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BO	0 0 K	0%	0 0 K	0%	0 0 K
Work in progress (services)	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BP	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BQ	0 0 K	0%	0 0 K	0%	0 0 K
Semi-finished and finished products	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BR	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BS	0 0 K	0%	0 0 K	0%	0 0 K
Goods for resale	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BT	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BU	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Stocks	Net	0 0 K	0%	0 0 K	0%	0 0 K

Advance payments to suppliers

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Advance payments to suppliers	Net	36,720 37 K	924.8%	3,583 4 K	0%	0 0 K
Gross	BV	36,720 37 K	924.8%	3,583 4 K	0%	0 0 K
Amortisation	BW	0 0 K	0%	0 0 K	0%	0 0 K

Debtors

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Trade accounts receivable	Net	3,739,283 3,739 K	-8.2%	4,071,369 4,071 K	13.0%	3,604,050 3,604 K
Gross	BX	4,097,816 4,098 K	-11.2%	4,616,058 4,616 K	13.9%	4,054,074 4,054 K
Amortisation	BY	358,532 359 K	-34.2%	544,689 545 K	21.0%	450,023 450 K
Other debtors	Net	1,016,438 1,016 K	13.5%	895,473 895 K	-36.7%	1,414,770 1,415 K
Gross	BZ	1,162,293 1,162 K	-2.5%	1,191,818 1,192 K	-16.5%	1,426,485 1,426 K
Amortisation	CA	145,855 146 K	-50.8%	296,345 296 K	2429.6%	11,715 12 K
Capital subscribed and called up	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CB	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CC	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total debtors	Net	4,755,721 4,756 K	-4.3%	4,966,842 4,967 K	-1.0%	5,018,820 5,019 K

Divers

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Investment securities	Net	3,391,737 3,392 K	-29.7%	4,827,812 4,828 K	1.3%	4,766,686 4,767 K
Gross	CD	3,391,737 3,392 K	-29.7%	4,827,812 4,828 K	1.3%	4,766,686 4,767 K
Amortisation	CE	0 0 K	0%	0 0 K	0%	0 0 K
Cash and cash equivalents	Net	4,912,051 4,912 K	168.4%	1,830,379 1,830 K	338.8%	417,120 417 K
Gross	CF	4,912,051 4,912 K	168.4%	1,830,379 1,830 K	338.8%	417,120 417 K
Amortisation	CG	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Divers	Net	8,303,788 8,304 K	24.7%	6,658,191 6,658 K	28.4%	5,183,806 5,184 K

Prepaid expenses

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Prepaid expenses	Net	391,657 392 K	0.3%	390,329 390 K	33.4%	292,535 293 K
Gross	CH	391,657 392 K	0.3%	390,329 390 K	33.4%	292,535 293 K
Amortisation	CI	0 0 K	0%	0 0 K	0%	0 0 K

Equalization accounts (IV to VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Expenses of loan issue to be spread	CW3	0 0 K	0%	0 0 K	0%	0 0 K
Gross		0 0 K	0%	0 0 K	0%	0 0 K
Premiums on redemption of bonds	CM3	0 0 K	0%	0 0 K	0%	0 0 K
Gross		0 0 K	0%	0 0 K	0%	0 0 K
Currency differential gain	CN3	0 0 K	0%	0 0 K	0%	0 0 K
Gross		0 0 K	0%	0 0 K	0%	0 0 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Due within one year	CP	0 0 K	0%	0 0 K	0%	0 0 K
Due after one year	CR	0 0 K	0%	0 0 K	0%	0 0 K

Accounts - Passive

Grand Total - Passive Accounts (I to V)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Grand Total (I to V)	EE	17,401,141 17,401 K	10.3%	15,775,512 15,776 K	11.5%	14,143,024 14,143 K

Shareholder Equity (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total shareholders' equity (Total I)	DL	11,516,627 11,517 K	17.8%	9,777,195 9,777 K	18.8%	8,232,888 8,233 K
Equity and shareholders' equity	DA	1,172,172 1,172 K	0%	1,172,172 1,172 K	0.0%	1,171,910 1,172 K
Issue and merger premiums	DB	2,178,066 2,178 K	0%	2,178,066 2,178 K	0%	2,178,066 2,178 K
Revaluation differentials	DC	0 0 K	0%	0 0 K	0%	0 0 K
Of which equity differential	EK	0 0 K	0%	0 0 K	0%	0 0 K
Legal reserve	DD	117,217 117 K	0.0%	117,191 117 K	0%	117,191 117 K
Statutory or contractual reserve	DE	0 0 K	0%	0 0 K	0%	0 0 K
Special regulated reserves	DF	0 0 K	0%	0 0 K	0%	0 0 K
Of which special reserve of provisions for current fluctuation	B1	0 0 K	0%	0 0 K	0%	0 0 K
Other reserves	DG	6,309,741 6,310 K	32.4%	4,765,458 4,765 K	51.2%	3,152,037 3,152 K
Of which reserve for buying originals works from alive artists	EJ	0 0 K	0%	0 0 K	0%	0 0 K
Profits or losses brought forward	DH	0 0 K	0%	0 0 K	0%	0 0 K
Profit or loss for the period	DI	1,739,429 1,739 K	12.6%	1,544,308 1,544 K	-4.3%	1,613,684 1,614 K
Investment grants	DJ	0 0 K	0%	0 0 K	0%	0 0 K
Special tax-allowable reserves	DK	0 0 K	0%	0 0 K	0%	0 0 K

Other capital resources (II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total other capital resources (Total II)	DO	479,910 480 K	-19.6%	596,691 597 K	-6.6%	638,833 639 K
Income from participating securities	DM	0 0 K	0%	0 0 K	0%	0 0 K
Conditional loans	DN	479,910 480 K	-19.6%	596,691 597 K	-6.6%	638,833 639 K

Provisions for risks and charges (III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total provisions for risks and charges (Total III)	DR	0 0 K	0%	0 0 K	0%	104,000 104 K
Risk provisions	DP	0 0 K	0%	0 0 K	0%	104,000 104 K
Reserves for charges	DQ	0 0 K	0%	0 0 K	0%	0 0 K

Liabilities (IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Liabilities (Total IV)	EC	5,404,605 5,405 K	0.1%	5,401,626 5,402 K	4.5%	5,167,303 5,167 K
Convertible debentures	DS	0 0 K	0%	0 0 K	0%	0 0 K
Other debentures	DT	0 0 K	0%	0 0 K	0%	0 0 K
Bank loans and liabilities	DU	0 0 K	0%	0 0 K	0%	0 0 K
Sundry loans and financial liabilities	DV	675,000 675 K	-18.3%	826,490 826 K	-9.8%	916,293 916 K
Of which participating loans	EI	0 0 K	0%	0 0 K	0%	0 0 K
Advance payments received for current orders	DW	0 0 K	0%	28,791 29 K	0%	0 0 K
Trade accounts payables	DX	1,214,440 1,214 K	22.6%	990,774 991 K	12.9%	877,837 878 K
Tax and social security liabilities	DY	1,899,495 1,899 K	-4.6%	1,991,741 1,992 K	7.3%	1,856,779 1,857 K
Fixed asset liabilities	DZ	0 0 K	0%	0 0 K	0%	0 0 K
Other debts	EA	104,763 105 K	-27.6%	144,721 145 K	27.2%	113,802 114 K

Translation loss (V)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Translation loss (Total V)	ED	0 0 K	0%	0 0 K	0%	0 0 K

Equalization accounts

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Deferred income	EB	1,510,906 1,511 K	6.5%	1,419,109 1,419 K	1.2%	1,402,590 1,403 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Of which tax-allowable reserve	EF	0 0 K	0%	0 0 K	0%	0 0 K
Deferred income and liabilities	EG	0 0 K	0%	0 0 K	0%	0 0 K
Of which current bank facilities	EH	0 0 K	0%	0 0 K	0%	0 0 K

Result account

1 - Operating result (I-II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating result (Total I-II)	GG	1,116,082 1,116 K	174.6%	406,419 406 K	143.1%	167,196 167 K

2 - Financial result (V-VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Financial result (Total V-VI)	GV	120,232 120 K	176.1%	-157,990 -158 K	-3144.7%	5,189 5 K

3 - Pre-tax net operating income result (I to VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	1,236,314 1,236 K	397.7%	248,428 248 K	44.1%	172,386 172 K

4 - Extraordinary result (VII-VIII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Extraordinary result (Total VII-VIII)	HI	-131,729 -132 K	-120.0%	660,046 660 K	-19.2%	816,665 817 K

Profit or loss

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Profit or loss	HN	1,739,429 1,739 K	12.6%	1,544,308 1,544 K	-4.3%	1,613,684 1,614 K

Total Income (I+III+V+VII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Income (Total I+III+V+VII)	HL	12,018,221 12,018 K	1.8%	11,801,303 11,801 K	23.5%	9,558,515 9,559 K

Total Charges (Total II+IV+VI+VIII+IX+X)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Charges (Total II+IV+VI+VIII+IX+X)	HM	10,278,792 10,279 K	0.2%	10,256,994 10,257 K	29.1%	7,944,832 7,945 K

Operating income (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total operating income (Total I)	FR	11,732,146 11,732 K	10.8%	10,583,982 10,584 K	23.8%	8,552,204 8,552 K

Operating income (details)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Sale of goods for resale	FC	12,642 13 K	422.6%	-3,919 -4 K	-105.8%	68,060 68 K
France	FA	12,642 13 K	374.9%	-4,599 -5 K	-109.4%	48,796 49 K
Export	FB	0 0 K	0%	680 1 K	-96.5%	19,265 19 K
Sale of goods produced	FF	7,049,011 7,049 K	10.0%	6,407,444 6,407 K	16.9%	5,483,270 5,483 K
France	FD	6,038,889 6,039 K	11.1%	5,433,429 5,433 K	6.4%	5,106,217 5,106 K
Export	FE	1,010,122 1,010 K	3.7%	974,014 974 K	158.3%	377,053 377 K
Sale of services	FI	3,580,165 3,580 K	13.8%	3,146,790 3,147 K	27.3%	2,472,533 2,473 K
France	FG	3,029,716 3,030 K	8.8%	2,784,117 2,784 K	20.1%	2,317,663 2,318 K
Export	FH	550,449 550 K	51.8%	362,672 363 K	134.2%	154,870 155 K
Net turnover	FL	10,641,820 10,642 K	11.4%	9,550,314 9,550 K	19.0%	8,023,863 8,024 K
France	FJ	9,081,248 9,081 K	10.6%	8,212,946 8,213 K	9.9%	7,472,676 7,473 K
Export	FK	1,560,571 1,561 K	16.7%	1,337,367 1,337 K	142.6%	551,188 551 K
Stocked production	FM	0 0 K	0%	0 0 K	0%	0 0 K
Self-constructed assets	FN	748,870 749 K	2.8%	728,510 729 K	60.7%	453,439 453 K
Operating grants	FO	24,680 25 K	-37.2%	39,322 39 K	119.7%	17,897 18 K
Release of reserves and provisions	FP	274,309 274 K	19.6%	229,417 229 K	303.9%	56,801 57 K
Other income	FQ	42,468 42 K	16.6%	36,419 36 K	17752.5%	204 0 K

Operating charges (II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total operating charges (Total II)	GF	10,616,064 10,616 K	4.3%	10,177,563 10,178 K	21.4%	8,385,009 8,385 K

Exploitation charges

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Purchase of goods for resale	FS	841,862 842 K	3.1%	816,746 817 K	-17.5%	990,261 990 K
Change in stocks of goods for resale	FT	0 0 K	0%	0 0 K	0%	0 0 K
Purchase of raw materials	FU	0 0 K	0%	0 0 K	0%	0 0 K
Change in stocks of raw materials	FV	0 0 K	0%	0 0 K	0%	0 0 K
Other external purchases and charges	FW	2,472,386 2,472 K	4.4%	2,367,547 2,368 K	15.7%	2,046,666 2,047 K
Tax, duty and similar payments	FX	330,989 331 K	16.1%	284,974 285 K	16.3%	244,978 245 K
Payroll	FY	4,245,141 4,245 K	8.4%	3,917,562 3,918 K	31.4%	2,980,573 2,981 K
Social security costs	FZ	2,004,766 2,005 K	7.2%	1,869,716 1,870 K	34.0%	1,395,007 1,395 K

Depreciation

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Depreciation of fixed assets	GA	634,812 635 K	3.0%	616,461 616 K	1.7%	606,422 606 K
Amortisation of fixed assets	GB	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation/amortisation of current assets	GC	69,398 69 K	-77.1%	302,608 303 K	160.2%	116,282 116 K
Provisions for risks and charges	GD	0 0 K	0%	0 0 K	0%	0 0 K

Other charges

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Other charges	GE	16,710 17 K	758.2%	1,947 2 K	-59.6%	4,820 5 K

Operating charges (III-IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Share of joint-venture transferred to other partner(s) (Total III)	GH	0 0 K	0%	0 0 K	0%	0 0 K
Share of joint venture transferred from other partner(s) (Total IV)	GI	0 0 K	0%	0 0 K	0%	0 0 K

Financial income (V)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total financial income (Total V)	GP	125,653 126 K	-26.6%	171,267 171 K	154.6%	67,278 67 K
Share financial income	GJ	0 0 K	0%	0 0 K	0%	0 0 K
Other investment income & capitalised receivables	GK	0 0 K	0%	0 0 K	0%	0 0 K
Other interest and similar income	GL	120,874 121 K	30.1%	92,939 93 K	41.5%	65,695 66 K
Released provisions and transferred charges	GM	0 0 K	0%	60,095 60 K	0%	0 0 K
Exchange gains	GN	4,779 5 K	-70.7%	16,330 16 K	32560.0%	50 0 K
Net income from disposal of investment securities	GO	0 0 K	0%	1,901 2 K	23.9%	1,534 2 K

Financial charge (VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total financial charge (Total VI)	GU	5,421 5 K	-98.4%	329,258 329 K	430.3%	62,089 62 K
Financial reserves and provisions	GQ	0 0 K	0%	263,212 263 K	338.0%	60,096 60 K
Interest and similar charges	GR	0 0 K	0%	60,095 60 K	0%	0 0 K
Exchange losses	GS	5,421 5 K	-8.9%	5,950 6 K	198.5%	1,993 2 K
Net loss from disposal of investment securities	GT	0 0 K	0%	0 0 K	0%	0 0 K

Extraordinary income (VII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total extraordinary income (Total VII)	HD	160,422 160 K	-84.7%	1,046,054 1,046 K	11.4%	939,033 939 K
Extraordinary operating income	HA	14,567 15 K	0%	0 0 K	0%	0 0 K
Extraordinary income from capital transactions	HB	0 0 K	0%	942,054 942 K	726.1%	114,033 114 K
Released provisions and transferred charges	HC	145,855 146 K	40.2%	104,000 104 K	-87.4%	825,000 825 K

Extraordinary charges (VIII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total extraordinary charges (Total VIII)	HH	292,151 292 K	-24.3%	386,008 386 K	215.4%	122,368 122 K
Extraordinary operating charges	HE	292,151 292 K	222.2%	90,665 91 K	-25.1%	121,063 121 K
Extraordinary charges from capital transactions	HF	0 0 K	0%	3,634 4 K	178.5%	1,305 1 K
Extraordinary reserves and provisions	HG	0 0 K	0%	291,709 292 K	0%	0 0 K

Employee profit sharing (IX)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Employee profit sharing (Total IX)	HJ	62,725 63 K	0%	0 0 K	0%	0 0 K

Tax on profits (X)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Tax on profits (Total X)	HK	-697,569 -698 K	-9.7%	-635,835 -636 K	-1.8%	-624,634 -625 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Of which equipment leases	HP	0 0 K	0%	0 0 K	0%	0 0 K
Of which property leases	HQ	0 0 K	0%	0 0 K	0%	0 0 K
Of which transferred charges	A1	0 0 K	0%	0 0 K	0%	0 0 K
Of which trader's own contributions	A2	0 0 K	0%	0 0 K	0%	0 0 K
Of which royalties on licences and patents (income)	A3	0 0 K	0%	0 0 K	0%	0 0 K
Of which royalties on licences and patents (charges)	A4	0 0 K	0%	0 0 K	0%	0 0 K

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	OG	0 0 K	0%	0 0 K	0%	0 0 K
Increasess due to revaluation	OH	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess, acquisitions, creations, contributions	OJ	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	OK1	369,345 369 K	88.9%	195,480 195 K	8.6%	180,027 180 K
Decreasess by transfers	OK2	2,459 2 K	-98.7%	189,829 190 K	-91.5%	2,222,929 2,223 K
Gross value at the end of period	OL	13,861,407 13,861 K	6.0%	13,070,915 13,071 K	6.8%	12,240,944 12,241 K

Research and development Charge (Total I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	CZ	8,782,791 8,783 K	6.7%	8,228,146 8,228 K	9.5%	7,517,357 7,517 K
Increasess due to revaluation	KB	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	KC	789,648 790 K	42.4%	554,645 555 K	-22.0%	710,790 711 K
Decreasess by budget item transfer	CO1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	CO2	0 0 K	0%	0 0 K	0%	0 0 K
Gross value at the end of period	DO	9,572,439 9,572 K	9.0%	8,782,791 8,783 K	6.7%	8,228,146 8,228 K

Other budget item from Intangible fixed assets (Total II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	KD	2,493,069 2,493 K	5.0%	2,374,616 2,375 K	765.7%	274,292 274 K
Increasess due to revaluation	KE	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	KF	329,298 329 K	-11.6%	372,632 373 K	-83.8%	2,306,518 2,307 K
Decreasess by budget item transfer	LV1	369,345 369 K	88.9%	195,480 195 K	8.6%	180,027 180 K
Decreasess by transfers	LV2	0 0 K	0%	58,700 59 K	124.3%	26,166 26 K
Gross value at the end of period	LW	2,453,021 2,453 K	-1.6%	2,493,068 2,493 K	5.0%	2,374,617 2,375 K

Tangible fixed assets (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	LN	995,227 995 K	2.5%	970,513 971 K	40.5%	690,989 691 K
Increasess due to revaluation	LO	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	LP	39,693 40 K	-41.1%	67,366 67 K	-79.9%	335,605 336 K
Decreasess by budget item transfer	NG1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	NG2	0 0 K	0%	43,651 44 K	-22.2%	56,081 56 K
Gross value at the end of period	NH	1,034,920 1,035 K	4.1%	994,228 994 K	2.4%	970,513 971 K

Financial assets (Total IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	LQ	798,827 799 K	19.6%	667,668 668 K	-73.7%	2,538,759 2,539 K
Increasess due to revaluation	LR	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	LS	4,659 5 K	-97.9%	220,637 221 K	-18.2%	269,592 270 K
Decreasess by budget item transfer	NJ1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	NJ2	2,459 2 K	-97.2%	87,478 87 K	-95.9%	2,140,682 2,141 K
Gross value at the end of period	NK	801,027 801 K	0.0%	800,828 801 K	19.9%	667,668 668 K

Reserve for depreciation

Situation and movement of reserve for depreciation - Grand total (I-II-III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	ON	0 0 K	0%	0 0 K	0%	0 0 K
Increases	OP	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess	OQ	0 0 K	0%	0 0 K	0%	0 0 K
Reserve for depreciation value at the end of period	OR	0 0 K	0%	0 0 K	0%	0 0 K

Research and development charge (Total I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	CY	0 0 K	0%	0 0 K	0%	0 0 K
Increases	PB	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess	PC	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	PD	0 0 K	0%	0 0 K	0%	0 0 K

Other intangible assets (Total II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	PE	166,510 167 K	-20.8%	210,292 210 K	200.8%	69,901 70 K
Increases	PF	6,745 7 K	-54.8%	14,918 15 K	-91.0%	166,557 167 K
Decreasess	PG	0 0 K	0%	58,700 59 K	124.3%	26,166 26 K
Decreasess by budget item transfer	PH	173,256 173 K	4.1%	166,510 167 K	-20.8%	210,292 210 K

Total fixed assets amotisation (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	QU	840,149 840 K	5.5%	796,438 796 K	37.9%	577,351 577 K
Increases	QV	78,909 79 K	-6.4%	84,328 84 K	-69.2%	273,863 274 K
Decreases	QW	0 0 K	0%	40,618 41 K	-25.8%	54,776 55 K
Decreasess by budget item transfer	QX	919,059 919 K	9.4%	840,148 840 K	5.5%	796,437 796 K

Movements during period affecting charge allocated over several period

Deferred charges and debt issuance costs

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	Z91	0 0 K	0%	0 0 K	0%	0 0 K
Increases	Z92	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation of fixed assets during period	Z9	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	B1	0 0 K	0%	0 0 K	0%	0 0 K

Premium refund of obligations

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Net value at begin of period	SP1	0 0 K	0%	0 0 K	0%	0 0 K
Increases	SP2	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation of fixed assets during period	SP	9,572,439 9,572 K	9.0%	8,782,791 8,783 K	6.7%	8,228,146 8,228 K
Net value at the end of period	SR	0 0 K	0%	0 0 K	0%	0 0 K

Provisions included in balance sheet

Grand Total (I-II-III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	7C	1,140,659 1,141 K	72.2%	662,246 662 K	-53.3%	1,417,763 1,418 K
Increases	UB	69,398 69 K	-91.9%	857,531 858 K	386.2%	176,378 176 K
Decreases	UC	406,046 406 K	7.2%	378,617 379 K	-56.6%	872,482 872 K
Value at the end of period	UD	804,011 804 K	-29.5%	1,141,160 1,141 K	58.1%	721,659 722 K

Includes Total allocations

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating	UE	69,398 69 K	-77.1%	302,609 303 K	160.2%	116,282 116 K
Financial	UG	0 0 K	0%	263,212 263 K	338.0%	60,096 60 K
Exceptional	UJ	0 0 K	0%	291,710 292 K	0%	0 0 K

Includes Total Withdrawal

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating	UF	260,191 260 K	21.0%	215,021 215 K	352.8%	47,482 47 K
Financial	UH	0 0 K	0%	60,096 60 K	0%	0 0 K
Exceptional	UK	145,855 146 K	40.2%	104,000 104 K	-87.4%	825,000 825 K

Total regulated provisions (Total I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	3Z	0 0 K	0%	0 0 K	0%	0 0 K
Increases	TS	0 0 K	0%	0 0 K	0%	0 0 K
Decreases	TT	0 0 K	0%	0 0 K	0%	0 0 K
Value at the end of period	TU	0 0 K	0%	0 0 K	0%	0 0 K

Total risk and charge provisions (Total II)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	5Z	0 0 K	0%	104,000 104 K	-88.8%	929,000 929 K
Increases	TV	0 0 K	0%	0 0 K	0%	0 0 K
Decreases	TW	0 0 K	0%	104,000 104 K	-87.4%	825,000 825 K
Value at the end of period	TX	0 0 K	0%	0 0 K	0%	104,000 104 K

Total Provision for depreciation (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	7B	1,140,659 1,141 K	104.3%	558,246 558 K	14.2%	488,763 489 K
Increases	TY	69,398 69 K	-91.9%	857,531 858 K	386.2%	176,378 176 K
Decreases	TZ	406,046 406 K	47.9%	274,617 275 K	478.4%	47,482 47 K
Value at the end of period	UA	804,011 804 K	-29.5%	1,141,160 1,141 K	84.8%	617,659 618 K

State deadlines claims and debts at the end of period

State claims

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value	VT	6,129,543 6,130 K	-8.2%	6,673,784 6,674 K	9.1%	6,116,910 6,117 K
1 year at most	VU	5,651,766 5,652 K	-8.8%	6,198,207 6,198 K	7.4%	5,773,092 5,773 K
More than one year	VV	477,777 478 K	0.5%	475,577 476 K	38.3%	343,818 344 K

State of loans

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Claims related to holdings (gross)	UL	390,043 390 K	1.2%	385,608 386 K	58.5%	243,230 243 K
Claims related to shareholdings (1 year at most)	UM	0 0 K	0%	0 0 K	0%	0 0 K
Loans (gross)	UP	4,612 5 K	-26.9%	6,312 6 K	-17.1%	7,612 8 K
Loans (1 year at most)	UR	0 0 K	0%	0 0 K	0%	0 0 K
Other financial assets (gross)	UT	83,122 83 K	-0.6%	83,657 84 K	-10.0%	92,976 93 K
Other financial assets (1 year at most)	UV	0 0 K	0%	0 0 K	0%	0 0 K

Receivables statement of assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Customers doubtful or disputed	VA	391,488 391 K	-42.3%	678,559 679 K	19.4%	568,322 568 K
Other claims customer	UX	3,706,328 3,706 K	-5.9%	3,937,499 3,937 K	13.0%	3,485,751 3,486 K
Receivables represent Loaned Securities	UU	0 0 K	0%	0 0 K	0%	0 0 K
Provision for depreciation previously established	UQ	0 0 K	0%	0 0 K	0%	0 0 K
Personnel and associated accounts	UY	0 0 K	0%	0 0 K	0%	8,552 9 K
Social Security and other social organizations	UZ	991 1 K	0%	0 0 K	0%	0 0 K
Income taxes	VM	763,216 763 K	7.5%	710,069 710 K	-41.3%	1,210,334 1,210 K
Value added tax	VB	237,838 238 K	28.7%	184,838 185 K	22.4%	151,041 151 K
Other taxes and payments assimilated	VN	0 0 K	0%	0 0 K	0%	0 0 K
State and other public - Miscellaneous	VP	0 0 K	0%	2,750 3 K	0%	2,750 3 K
Group and Associates	VC	0 0 K	0%	0 0 K	0%	0 0 K
Accounts receivable (including claims relating to the operation of pension titles)	VR	160,248 160 K	-45.5%	294,162 294 K	446.7%	53,807 54 K

Prepaid

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Prepaid	VS	391,657 392 K	0.3%	390,330 390 K	33.4%	292,535 293 K

State Debt

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total debt (gross)	VY	5,404,604 5,405 K	0.6%	5,372,840 5,373 K	4.0%	5,167,301 5,167 K
1 year at most	VZ2	5,404,604 5,405 K	14.3%	4,728,273 4,728 K	8.9%	4,342,734 4,343 K
More than 1 year and 5 years at most	VZ3	0 0 K	0%	630,000 630 K	-12.5%	720,000 720 K
More than 5 years	VZ4	0 0 K	0%	14,567 15 K	-86.1%	104,567 105 K

Details

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Convertible bonds (gross)	7Y1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	7Y2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	7Y3	0 0 K	0%	0 0 K	0%	0 0 K
Other bonds (gross)	7Z1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	7Z2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	7Z3	0 0 K	0%	0 0 K	0%	0 0 K
Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	VG2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	VG3	0 0 K	0%	0 0 K	0%	0 0 K
Borrowing & debts to more than 1 year at the origin (gross)	VH1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	VH2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	VH3	0 0 K	0%	0 0 K	0%	0 0 K
Loans and various financial liabilities (gross)	8A1	675,000 675 K	-18.1%	824,567 825 K	-9.8%	914,567 915 K
1 year at most	8A2	675,000 675 K	275.0%	180,000 180 K	100.0%	90,000 90 K
More than 1 year and 5 years at most	8A3	0 0 K	0%	630,000 630 K	-12.5%	720,000 720 K
Suppliers and associated accounts (gross)	8B1	1,214,440 1,214 K	22.6%	990,775 991 K	12.9%	877,837 878 K
1 year at most	8B2	1,214,440 1,214 K	22.6%	990,775 991 K	12.9%	877,837 878 K
More than 1 year and 5 years at most	8B3	1,214,440 1,214 K	22.6%	990,775 991 K	12.9%	877,837 878 K
Personnel and associated accounts (gross)	8C1	0 0 K	0%	555,558 556 K	-6.4%	593,305 593 K
1 year at most	8C2	0 0 K	0%	555,558 556 K	-6.4%	593,305 593 K
More than 1 year and 5 years at most	8C3	0 0 K	0%	0 0 K	0%	0 0 K
Social Security and other social organizations (gross)	8D1	1,899,495 1,899 K	218.0%	597,381 597 K	4.5%	571,428 571 K
1 year at most	8D2	1,899,495 1,899 K	218.0%	597,381 597 K	4.5%	571,428 571 K
More than 1 year and 5 years at most	8D3	0 0 K	0%	0 0 K	0%	0 0 K
Taxes on profits (gross)	8E1	0 0 K	0%	72,565 73 K	-19.1%	89,648 90 K
1 year at most	8E2	0 0 K	0%	72,565 73 K	-19.1%	89,648 90 K
More than 1 year and 5 years at most	8E3	0 0 K	0%	0 0 K	0%	0 0 K
VAT (Gross)	VW1	0 0 K	0%	616,590 617 K	22.3%	504,012 504 K
1 year at most	VW2	0 0 K	0%	616,590 617 K	22.3%	504,012 504 K
More than 1 year and 5 years at most	VW3	0 0 K	0%	0 0 K	0%	0 0 K
Backed Obligations (gross)	VX1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	VX2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	VX3	0 0 K	0%	0 0 K	0%	0 0 K
Other taxes and assimilated (gross)	VQ1	0 0 K	0%	149,648 150 K	52.1%	98,386 98 K
1 year at most	VQ2	0 0 K	0%	149,648 150 K	52.1%	98,386 98 K
More than 1 year and 5 years at most	VQ3	0 0 K	0%	0 0 K	0%	0 0 K
Assets and liabilities associated accounts (gross)	8J1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	8J2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	8J3	0 0 K	0%	0 0 K	0%	0 0 K
More than 5 years	8J4	0 0 K	0%	0 0 K	0%	0 0 K
Groups and associates (gross)	VI1	0 0 K	0%	1,924 2 K	11.5%	1,726 2 K
1 year at most	VI2	0 0 K	0%	1,924 2 K	11.5%	1,726 2 K
More than 1 year and 5 years at most	VI3	0 0 K	0%	0 0 K	0%	0 0 K
More than 5 years	V14	0 0 K	0%	0 0 K	0%	0 0 K
Other liabilities (gross)	8K1	104,763 105 K	-27.6%	144,722 145 K	27.2%	113,802 114 K
1 year at most	8K2	104,763 105 K	-27.6%	144,722 145 K	27.2%	113,802 114 K
More than 1 year and 5 years at most	8K3	0 0 K	0%	0 0 K	0%	0 0 K
Debt representative of borrowed securities (gross)	SZ1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	SZ2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	SZ3	0 0 K	0%	0 0 K	0%	0 0 K
Products in advance (gross)	8L1	1,510,906 1,511 K	6.5%	1,419,110 1,419 K	1.2%	1,402,590 1,403 K
1 year at most	8L2	1,510,906 1,511 K	6.5%	1,419,110 1,419 K	1.2%	1,402,590 1,403 K
More than 1 year and 5 years at most	8L3	0 0 K	0%	0 0 K	0%	0 0 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Loans made during the period	VJ	0 0 K	0%	0 0 K	0%	0 0 K
Debt repaid during the period	VK	135,000 135 K	50.0%	90,000 90 K	0%	0 0 K

Table allocation results and other information

Dividends distributed

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Dividends	ZE	0 0 K	0%	0 0 K	0%	0 0 K

Commitments

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Commitments leasing furniture	YQ	0 0 K	0%	0 0 K	0%	0 0 K
Commitments Real Estate Leasing	YR	0 0 K	0%	0 0 K	0%	0 0 K
Effects brought to the discount and unmatured	YS	0 0 K	0%	0 0 K	0%	0 0 K

Other charges Externes

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Subcontracting	YT	0 0 K	0%	0 0 K	0%	0 0 K
Rentals, rental charges and condominiums	XQ	0 0 K	0%	0 0 K	0%	0 0 K
Staff outside the company	YU	0 0 K	0%	0 0 K	0%	0 0 K
Remuneration intermediaries and fees (excluding fees)	SS	0 0 K	0%	0 0 K	0%	0 0 K
Fees, commissions and brokerage	YV	0 0 K	0%	0 0 K	0%	0 0 K
Other accounts	ST	0 0 K	0%	0 0 K	0%	0 0 K
Total Other purchases and external	ZJ	0 0 K	0%	0 0 K	0%	0 0 K

Taxes and Fees

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Business tax	YW	0 0 K	0%	0 0 K	0%	0 0 K
Other taxes and payments assimilated	9Z	0 0 K	0%	0 0 K	0%	0 0 K
Total taxes and fees	YX	0 0 K	0%	0 0 K	0%	0 0 K

VAT

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Amount VAT collected	YY	0 0 K	0%	0 0 K	0%	0 0 K
Total VAT on goods and services	YZ	0 0 K	0%	0 0 K	0%	0 0 K

Average number of employees

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Average number of employees	YP	0 0 K	0%	0 0 K	0%	0 0 K

Groups and Shareholders

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Groups and Shareholders	ZR	0 0 K	-	- -	-	- -

Ratios

Synthetic financial performance indicators

31/12/2016

31/12/2015

31/12/2014

Score

Situation

Score

Situation

Score

Situation

Hide AFDCC 2

-3.39

Fragility ++

-4.89

Fragility ++

-4.68

Fragility ++

Description

The AFDCC 2 score uses sectors of activity and company sizes for companies with a turnover of 150 000 to 75 million euros. This calculation allows a classification of the companies in three levels:
-	Healthy: the higher the score value is, the more the company is healthy.
-	Undetermined: it’s impossible to determine the situation.
-	Fragility/Failure: the lower the score value is, the more the company is in danger.
The status are completed which “+/-“ signs.

Hide Conan & Holder

0.14

10%

0.07

40%

0.08

40%

Description

The Conan and Holder (1979) is a recommended method for industrial companies with a turnover of 150 000 to 75 million euros. It is based only on a balance sheet. This calculation allows a classification of the most perilous situation (Score lower than 0.002) to the healthiest situation (score greater than 0.16):
-	Healthy situation: companies which maintain or develop their activity level.
-	Situation to monitor: companies which has to follow remedial measures or find a new strategy.
-	Perilous situation: companies which could have important cash difficulties and have a failure risk.

Hide Altman

-

-

-

-

-

-

Description

The Altman score is a method based only on a complete balance sheet, this calculation allows a classification of the companies in three levels:
-	Good shape: companies which have a low risk (with a score value higher than 2.99).
-	Warning signs: companies which should be approached with caution and with a high risk in the next two years for bankruptcy (with a score value between 2.99 and 1.81).
-	Bankruptcy: companies which are in immediate risk (with a score value lower than 1.81).

Structure and Liquidity

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Fixed Asset Financing	1.63	3.8%	1.57	4.0%	1.51	59.90	-97.3%	1.92	-15.1%
Global Debt	183 days	-10.3%	204 days	-12.1%	232 days	1,659.77 days	-89.0%	175 days	4.6%
Working Capital Fund overall net	296 days	5.3%	281 days	0.4%	280 days	1,842.99 days	-83.9%	118 days	150.8%
Financial independence	1,706.17 %	44.2%	1,182.98 %	31.7%	898.50 %	41,190.41 %	-95.9%	281.08 %	507.0%
Solvability	68.94 %	4.8%	65.76 %	4.8%	62.73 %	-21.42 %	421.8%	47.15 %	46.2%
Capacity debt futures	-	-	-	-	-	138,106.02 %	-	2,235.00 %	-
Coverage of current assets by net working capital overall	51.54 %	19.8%	43.03 %	6.4%	40.46 %	-52.41 %	198.3%	48.26 %	6.8%
General Liquidity	1.05	-19.8%	1.31	-1.5%	1.33	1.32	-20.5%	0.79	32.9%
Restricted Liquidity	2.58	-5.1%	2.72	7.9%	2.52	3.66	-29.5%	1.66	55.4%

Management or rotation

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Need background in operating working capital	22 days	-45.0%	40 days	2.6%	39 days	-192.13 days	111.5%	5 days	340.0%
Treasury	281 days	12.0%	251 days	7.7%	233 days	479.25 days	-41.4%	57 days	393.0%
Inventory turnover of goods	0 days	0%	0 days	0%	0 days	68.04 days	0%	0 days	0%
Average length of credit granted to customers	139 days	-20.1%	174 days	-4.4%	182 days	93.93 days	48.0%	80 days	73.8%
Average length of credit obtained suppliers	132 days	17.9%	112 days	7.7%	104 days	462.02 days	-71.4%	56 days	137.8%
Inventory turnover of raw materials in industrial enterprises	-	-	0 days	0%	0 days	579.92 days	-	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise	1,028 days	7.0%	961 days	16.2%	827 days	2,741.75 days	-62.5%	1,290 days	-20.3%
Rotation tangible assets	1,028.27 %	7.0%	960.58 %	16.2%	826.77 %	3,213.22 %	-68.0%	1,338.94 %	-23.2%

Profitability of the business

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Margin trading	-7.79 %	9.3%	-8.59 %	25.2%	-11.49 %	3.30 %	-336.1%	0.00 %	0%
Profitability of the business	14.29 %	28.5%	11.12 %	6.5%	10.44 %	-53.09 %	126.9%	9.42 %	51.7%
Net profit	16.35 %	1.1%	16.17 %	-19.6%	20.11 %	-100.69 %	116.2%	5.44 %	200.6%
Growth rate of turnover (excluding VAT)	11.43 %	-39.9%	19.02 %	702.5%	2.37 %	56.61 %	-79.8%	3.10 %	268.7%
Rates integration	75.89 %	2.2%	74.29 %	9.6%	67.80 %	-233.88 %	132.4%	65.89 %	15.2%
Rate leasing furniture	0.00 %	0%	0.00 %	0%	0.00 %	0.09 %	0%	0.00 %	0%
Work Factor	77.38 %	-5.1%	81.57 %	1.4%	80.43 %	70.61 %	9.6%	73.10 %	5.9%
Weight interests	0.05 %	-98.6%	3.45 %	348.1%	0.77 %	4.06 %	-98.8%	0.05 %	0%

Return on capital

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Cash flow from the overall profitability	18.49 %	26.3%	14.64 %	-9.3%	16.14 %	-64.65 %	128.6%	9.92 %	86.4%
Rates of economic profitability	12.00 %	33.3%	9.00 %	0%	9.00 %	19.18 %	-37.4%	16.00 %	-25.0%
Financial profitability	11,996,537.00 %	15.6%	10,373,886.00 %	16.9%	8,871,721.00 %	2,887,250.95 %	315.5%	96,002.50 %	12396.1%
Return on investment	13.77 %	-17.7%	16.73 %	-2.3%	17.12 %	10.80 %	27.5%	11.37 %	21.1%

Management intermediate balances

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Turnover	10,641,820 10,642 K	11.4%	9,550,314 9,550 K	19.0%	8,023,863 8,024 K	3,774,103.65 3,774.10 K	182.0%	286,842 287 K	3610.0%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Sales of goods	12,642 13 K	422.6%	-3,919 -4 K	-105.8%	68,060 68 K		-		-
- Purchase of goods	841,862 842 K	3.1%	816,746 817 K	-17.5%	990,261 990 K		-		-
+/- Stock of goods variation	0 0 K	0%	0 0 K	0%	0 0 K		-		-
Trading margin	-829,220 € -829 K €	-1.0%	-820,665 € -821 K €	11.0%	-922,201 € -922 K €	474,932.64 € 474.93 K €	-274.6%	0 € 0 K €	0%
	-7.79 % CA -7.79 % CA	9.3%	-8.59 % CA -8.59 % CA	25.2%	-11.49 % CA -11.49 % CA	6.29 % CA 6.29 % CA	-223.8%	0.00 % CA 0.00 % CA	0%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Sale of goods produced	10,629,176 10,629 K	11.3%	9,554,234 9,554 K	20.1%	7,955,803 7,956 K		-		-
+/- Stocked production	0 0 K	0%	0 0 K	0%	0 0 K		-		-
+ Self-constructed assets	748,870 749 K	2.8%	728,510 729 K	60.7%	453,439 453 K		-		-
Period production	11,378,046 € 11,378 K €	10.7%	10,282,744 € 10,283 K €	22.3%	8,409,242 € 8,409 K €	3,005,915.29 € 3,005.92 K €	278.5%	285,473 € 285 K €	3885.7%
	106.92 % CA 106.92 % CA	-0.7%	107.67 % CA 107.67 % CA	2.7%	104.80 % CA 104.80 % CA	157.43 % CA 157.43 % CA	-32.1%	100.00 % CA 100.00 % CA	6.9%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Trading margin	-829,220 -829 K	-1.0%	-820,665 -821 K	11.0%	-922,201 -922 K	474,932.64 474.93 K	-274.6%	0 0 K	0%
+ Period Production	11,378,046 11,378 K	10.7%	10,282,744 10,283 K	22.3%	8,409,242 8,409 K	3,005,915.29 3,005.92 K	278.5%	285,473 285 K	3885.7%
- Purchase of raw materials	0 0 K	0%	0 0 K	0%	0 0 K		-		-
+/- Change in stocks of raw materiels	0 0 K	0%	0 0 K	0%	0 0 K		-		-
- Other external purchases and charges	2,472,386 2,472 K	4.4%	2,367,547 2,368 K	15.7%	2,046,666 2,047 K		-		-
Added value	8,076,440 € 8,076 K €	13.8%	7,094,532 € 7,095 K €	30.4%	5,440,375 € 5,440 K €	2,311,297.91 € 2,311.30 K €	249.4%	171,495 € 171 K €	4609.4%
	75.89 % CA 75.89 % CA	2.2%	74.29 % CA 74.29 % CA	9.6%	67.80 % CA 67.80 % CA	-233.98 % CA -233.98 % CA	132.4%	65.83 % CA 65.83 % CA	15.3%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Added value	8,076,440 € 8,076 K €	13.8%	7,094,532 € 7,095 K €	30.4%	5,440,375 € 5,440 K €	2,311,297.91 € 2,311.30 K €	249.4%	171,495 € 171 K €	4609.4%
+ Operating grants	24,680 25 K	-37.2%	39,322 39 K	119.7%	17,897 18 K		-		-
- Tax, duty and similar payments	330,989 331 K	16.1%	284,974 285 K	16.3%	244,978 245 K		-		-
- Personal charges	6,249,907 6,250 K	8.0%	5,787,278 5,787 K	32.3%	4,375,580 4,376 K		-		-
Gross operating surplus	1,520,224 € 1,520 K €	43.2%	1,061,602 € 1,062 K €	26.7%	837,714 € 838 K €	599,251.31 € 599.25 K €	153.7%	19,323 € 19 K €	7767.4%
	14.29 % CA 14.29 % CA	28.5%	11.12 % CA 11.12 % CA	6.5%	10.44 % CA 10.44 % CA	-53.19 % CA -53.19 % CA	126.9%	9.41 % CA 9.41 % CA	51.9%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Gross operating surplus	1,520,224 € 1,520 K €	43.2%	1,061,602 € 1,062 K €	26.7%	837,714 € 838 K €	599,251.31 € 599.25 K €	153.7%	19,323 € 19 K €	7767.4%
+ Release of reserves and provisions	274,309 274 K	19.6%	229,417 229 K	303.9%	56,801 57 K		-		-
+ Other operating income	42,468 42 K	16.6%	36,419 36 K	17752.5%	204 0 K		-		-
- Depreciation/ Amortisation	704,210 704 K	-23.4%	919,069 919 K	27.2%	722,704 723 K		-		-
- Other charges	16,710 17 K	758.2%	1,947 2 K	-59.6%	4,820 5 K		-		-
Operating result	1,116,081 € 1,116 K €	174.6%	406,422 € 406 K €	143.1%	167,195 € 167 K €	339,979.85 € 339.98 K €	228.3%	8,159 € 8 K €	13580.0%
	10.49 % CA 10.49 % CA	146.2%	4.26 % CA 4.26 % CA	104.8%	2.08 % CA 2.08 % CA	-73.63 % CA -73.63 % CA	114.2%	4.71 % CA 4.71 % CA	122.7%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Operating result	1,116,081 € 1,116 K €	174.6%	406,422 € 406 K €	143.1%	167,195 € 167 K €	339,979.85 € 339.98 K €	228.3%	8,159 € 8 K €	13580.0%
+/- Result of joint-venture transferred from/to other partners	0 0 K	0%	0 0 K	0%	0 0 K		-		-
+ Financial income	125,653 126 K	-26.6%	171,267 171 K	154.6%	67,278 67 K		-		-
- Financial charges	5,421 5 K	-98.4%	329,258 329 K	430.3%	62,089 62 K		-		-
Pre-tax result	1,236,313 € 1,236 K €	397.6%	248,431 € 248 K €	44.1%	172,384 € 172 K €	404,463.30 € 404.46 K €	205.7%	8,073 € 8 K €	15214.2%
	11.62 % CA 11.62 % CA	346.9%	2.60 % CA 2.60 % CA	20.9%	2.15 % CA 2.15 % CA	-75.59 % CA -75.59 % CA	115.4%	4.66 % CA 4.66 % CA	149.4%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Extraordinary income	160,422 160 K	-84.7%	1,046,054 1,046 K	11.4%	939,033 939 K	53,436.82 53.44 K	200.2%	0 0 K	0%
- Extraordinary charges	292,151 292 K	-24.3%	386,008 386 K	215.4%	122,368 122 K		-		-
Extraordinary result	-131,729 € -132 K €	-120.0%	660,046 € 660 K €	-19.2%	816,665 € 817 K €	-21,000.55 € -21.00 K €	-527.3%	0 € 0 K €	0%
	-1.24 % CA -1.24 % CA	-117.9%	6.91 % CA 6.91 % CA	-32.1%	10.18 % CA 10.18 % CA	6.99 % CA 6.99 % CA	-117.7%	0.00 % CA 0.00 % CA	0%

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Pre-tax result	1,236,313 € 1,236 K €	397.6%	248,431 € 248 K €	44.1%	172,384 € 172 K €	404,463.30 € 404.46 K €	205.7%	8,073 € 8 K €	15214.2%
Extraordinary result	-131,729 € -132 K €	-120.0%	660,046 € 660 K €	-19.2%	816,665 € 817 K €	-21,000.55 € -21.00 K €	-527.3%	0 € 0 K €	0%
- Employee profit sharing	62,725 63 K	0%	0 0 K	0%	0 0 K		-		-
- Tax on profits	-697,569 -698 K	-9.7%	-635,835 -636 K	-1.8%	-624,634 -625 K		-		-
Net result	1,739,428 € 1,739 K €	12.6%	1,544,312 € 1,544 K €	-4.3%	1,613,683 € 1,614 K €	294,697.90 € 294.70 K €	490.2%	11,862 € 12 K €	14563.9%
	16.35 % CA 16.35 % CA	1.1%	16.17 % CA 16.17 % CA	-19.6%	20.11 % CA 20.11 % CA	-100.82 % CA -100.82 % CA	116.2%	5.43 % CA 5.43 % CA	201.1%

Key Performance Indicators

Find below a comparison of the company based on the industry code (primary) with other companies from the same industry. The following analysis has been based on the industry code 5829C - Application software publishing.

Key Performance Indicators

Graphical analysis

Net Turnover

	31/12/2016	31/12/2015	31/12/2014
Company Result	10,641,820 €	9,550,314 €	8,023,863 €
Sector Average	3,774,104 €	3,461,096 €	3,283,414 €

Net Profit

	31/12/2016	31/12/2015	31/12/2014
Company Result	1,739,429 €	1,544,308 €	1,613,684 €
Sector Average	289,953 €	275,106 €	165,932 €

Net Export Turnover

	31/12/2016	31/12/2015	31/12/2014
Company Result	1,560,571 €	1,337,367 €	551,188 €
Sector Average	569,885 €	550,441 €	507,310 €

Account Total

	31/12/2016	31/12/2015	31/12/2014
Company Result	17,401,141 €	15,775,512 €	14,143,024 €
Sector Average	6,282,183 €	5,809,176 €	4,958,073 €

Shareholders Equity

	31/12/2016	31/12/2015	31/12/2014
Company Result	11,516,627 €	9,777,195 €	8,232,888 €
Sector Average	2,900,351 €	2,559,962 €	2,288,909 €

Liabilities

	31/12/2016	31/12/2015	31/12/2014
Company Result	5,404,605 €	5,401,626 €	5,167,303 €
Sector Average	3,135,739 €	3,065,262 €	2,415,744 €

Need background in operating working capital

	31/12/2016	31/12/2015	31/12/2014
Company Result	22 €	40 €	39 €
Sector Average	-192 €	-372 €	-80 €

Gross operating surplus (EBE)

	31/12/2016	31/12/2015	31/12/2014
Company Result	1,520,224 €	1,061,602 €	837,714 €
Sector Average	599,251 €	508,921 €	480,919 €

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.45
UK Pound	1	INR 89.79
Euro	1	INR 78.79
Euro	1	INR 78.43

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VIV
Report Prepared by :	SYL

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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