There is therefore a risk that this change in turnover could be delayed and the ambitious plans not realized, which could increase the pressure on the liquidity position. This liquidity pressure was also increased in April 2019 by the last repayment of a remaining bridge financing of EUR 0.5 million, which forced the group to obtain additional financing from the reference shareholders. At the beginning of April 2019, Van Zele Holding NV and Alychlo NV made funds available for EUR 325,000 and EUR 400,000 respectively, and in addition to Van Zele Holding NV, which will also further pay-in EUR125,000, other existing shareholders were willing to pay together another EUR 200,000. The current reference shareholders have indicated their intention to provide the company with the necessary resources to achieve its objectives and to meet the urgent working capital needs, and the board of directors is confident that this will happen if necessary.
In addition, the Company is continuing to negotiate with some suppliers to agree or revise payment plans, so that this can also be absorbed within existing cash projections without the need for additional financing.
The Board of Directors is of the opinion that through the combination of these measures and the successful completion of the actions already taken, the Company will have sufficient funds over the next 12 months to realize its plan and confirms herewith its valuation rules regarding going concern.
Komt uit het jaarverslag.
Soit:
Half year 2019 results & Interim Financial report:
Monday September 30, 2019 - before market trading
Als ze op tijd zijn, een zeldzaamheid.