Creditors
Everything the company owes — to suppliers, banks, employees and the state.
The Luxembourg balance sheet breaks creditors down by kind — debenture loans, credit institutions, payments received on account, trade creditors, affiliated undertakings, tax and social security — and shows for each the part becoming due within one year and the part becoming due after more than one year.
A large creditors figure is not bad in itself. A growing company borrows to grow, and supplier payment terms are an ordinary source of funding. What matters is the ratio: how much is owed against assets or equity, and how much falls due within the year.
Overit also shows a total liabilities figure calculated as total assets less capital and reserves. That is an Overit calculation, not a line in the filing.
Where this figure comes from
Read from the “Creditors” lines of the balance sheet filed with the Centrale des Bilans.
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