Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes

Schedule of calculation tax charge

	2017		2016		2015
	(€ in thousands)
Income tax based on domestic rate	10,918		9,776		5,208
Tax effect of:
Non-deductible expenses	(634)		(622)		(309)
Tax incentives	—		(46)		136
Current year losses for which no deferred tax asset was recognized	(10,257)		(9,045)		(5,035)
Change in unrecognized deductible temporary differences	(25)		(63)		—
Income tax charge	2		—		—
Effective tax rate	—	%	—	%	—	%