Financials · financial year 2010, abbreviated format
Annual accounts 2010 filed on 28-04-2011 PDF all 4 filings
Turnover
≈ €32,000
Estimated: probably between €15,000 and €60,000
Total assets
€100,139▲ 106%
2009 · €48,582
Net result
-€8,550
2009 · €1,582
Working capital
-€20,700
2009 · €4,888
Multi-year overview
2007 to 2010, 4 financial yearsOperating result
-€7,858
2010
20072010
Net result
-€8,550
2010
20072010
Equity
€12,224
▼ 41.2%
2010
20072010
Total assets
€100,139
▲ 106%
2010
20072010
Debt
€87,915
▲ 216%
2010
20072010
Working capital
-€20,700
2010
20072010
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2007200820092010
Operating result€7,229-€15,695▲ 117%€3,725▼ 76.3%-€7,858
Net result€5,187-€13,005▲ 151%€1,582▼ 87.8%-€8,550
Equity€6,187-€19,192▲ 210%€20,774▲ 8.2%€12,224▼ 41.2%
Total assets€18,113-€39,307▲ 117%€48,582▲ 23.6%€100,139▲ 106%
Debt€11,926-€20,115▲ 68.7%€27,808▲ 38.2%€87,915▲ 216%
Working capital-€1,265-€3,928€4,888▲ 24.4%-€20,700
The operating result for 2010 is a loss of €7,858, after a profit of €3,725 in 2009. It is the lowest result since 2007.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2010 in colour, 2009 as the grey bar beneath
Assets €100,139
Fixed assets
€33,122 ▲ 99.1%
Current assets
€67,017 ▲ 110%
Equity and liabilities €100,139
Equity
€12,224 ▼ 41.2%
Debt
€87,915 ▲ 216%
Debt's share of the balance-sheet total rises from 57.2% to 87.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€497▼
2009 · €8,408
Cash flow
-€195▼
2009 · €6,265
Current ratio
0.76▼
2009 · 1.18
ROE
-69.9%▼
2009 · 7.6%
ROA
-8.5%▼
2009 · 3.3%
Debt ≤ 1 year
€87,717▲
2009 · €27,058
Income taxes
-€44▼
2009 · €1,018
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,822 | €4,048 | €4,683 | €8,355 | ▲ 78.4% |
| Gross operating margin9900 | €11,873 | €20,991 | €10,831 | €2,535 | ▼ 76.6% |
| Operating profit (loss)9901 | €7,229 | €15,695 | €3,725 | -€7,858 | - |
| Recurring financial income75 | €275 | €211 | €139 | €236 | ▲ 69.8% |
| Recurring financial charges65 | €215 | €533 | €1,264 | €972 | ▼ 23.1% |
| Profit (loss) for the period before taxes9903 | €7,289 | €15,373 | €2,600 | -€8,594 | - |
| Income taxes67/77 | €2,102 | €2,368 | €1,018 | -€44 | - |
| Profit (loss) for the period9904 | €5,187 | €13,005 | €1,582 | -€8,550 | - |
| Profit (loss) for the period to be appropriated9905 | €5,187 | €6,505 | €1,582 | -€8,550 | - |
| Line | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €18,113 | €39,307 | €48,582 | €100,139 | ▲ 106% |
| Fixed assets21/28 | €7,452 | €15,452 | €16,636 | €33,122 | ▲ 99.1% |
| Intangible fixed assets21 | - | €1,200 | €900 | €600 | ▼ 33.3% |
| Tangible fixed assets22/27 | €6,727 | €14,227 | €15,711 | €31,497 | ▲ 100% |
| Financial fixed assets28 | €725 | €25 | €25 | €1,025 | ▲ 41× |
| Current assets29/58 | €10,661 | €23,855 | €31,946 | €67,017 | ▲ 110% |
| Amounts receivable within one year40/41 | €8,574 | €19,441 | €23,653 | €50,729 | ▲ 114% |
| Cash at bank and in hand54/58 | €235 | €2,777 | €7,244 | €13,912 | ▲ 92.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €18,113 | €39,307 | €48,582 | €100,139 | ▲ 106% |
| Equity10/15 | €6,187 | €19,192 | €20,774 | €12,224 | ▼ 41.2% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €5,000 | €16,500 | €16,500 | €16,500 | = |
| Profit (loss) carried forward14 | €187 | €1,692 | €3,274 | -€5,276 | - |
| Amounts payable17/49 | €11,926 | €20,115 | €27,808 | €87,915 | ▲ 216% |
| Amounts payable within one year42/48 | €11,926 | €19,927 | €27,058 | €87,717 | ▲ 224% |
| Trade debts44 | €6,956 | €14,651 | €19,802 | €74,118 | ▲ 274% |
| Line | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,187 | €13,005 | €1,582 | -€8,550 | - |
| + Depreciation and write-downs630 | €3,822 | €4,048 | €4,683 | €8,355 | ▲ 78.4% |
| Operating cash flow (approximation) | €9,009 | €17,053 | €6,265 | -€195 | - |
| Investment in fixed assets (approximation) | - | -€12,048 | -€5,867 | -€24,841 | ▼ 323% |
| Change in cash | - | €2,542 | €4,467 | €6,668 | ▲ 49.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.