ALTERFACE
InactiveFinancials · financial year 2012, full format
Annual accounts 2012 filed on 05-12-2012 PDF all 10 filings
Turnover
≈ €3.0m
Estimated: probably between €2.1m and €5.0m
EBIT margin
Not included in this filing
Net result
-€670,435
2011 · €103,376
Working capital
-€305,221
2011 · €56,958
Multi-year overview
2008 to 2012, 5 financial yearsOperating result
-€561,972
2012
20082012
Net result
-€670,435
2012
20082012
Equity
€254,182
▼ 69.7%
2012
20082012
Total assets
€4.6m
▼ 5.4%
2012
20082012
Debt
€4.4m
▲ 7.8%
2012
20082012
Working capital
-€305,221
2012
20082012
Staff (FTE)
23
▼ 14.2%
2012
20082012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Operating result-€1.4m--€0.4m▲ 74.0%-€0.2m▲ 30.5%€0.3m-€0.6m
Net result-€1.4m--€0.5m▲ 64.8%-€0.5m▼ 1.4%€0.1m-€0.7m
Equity€0.2m-€0.01m▼ 93.9%€0.1m▲ 741%€0.8m▲ 587%€0.3m▼ 69.7%
Total assets€2.8m-€2.6m▼ 7.4%€3.9m▲ 54.3%€4.9m▲ 24.6%€4.6m▼ 5.4%
Debt€2.5m-€2.5m▲ 1.1%€3.8m▲ 50.3%€4.1m▲ 6.6%€4.4m▲ 7.8%
Working capital-€0.7m--€1.0m▼ 47.4%-€0.9m▲ 18.0%€0.06m-€0.3m
Staff (FTE)16.7-21.8▲ 30.5%25.4▲ 16.5%26.8▲ 5.5%23▼ 14.2%
The operating result for 2012 is a loss of €561,972, after a profit of €283,716 in 2011. It is the lowest result since 2008.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €4.6m
Fixed assets
€1.1m ▼ 8.7%
Current assets
€3.6m ▼ 4.4%
Equity and liabilities €4.6m
Equity
€254,182 ▼ 69.7%
Debt
€4.4m ▲ 7.8%
Debt's share of the balance-sheet total rises from 82.9% to 94.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€144,514▼
2011 · €1.1m
Cash flow
€36,051▼
2011 · €906,412
Current ratio
0.92▼
2011 · 1.02
Quick ratio
0.77▼
2011 · 0.89
Debt to equity
1.92▲
2011 · 0.44
ROE
-263.8%▼
2011 · 12.3%
ROA
-14.5%▼
2011 · 2.1%
Debt ≤ 1 year
€3.9m▲
2011 · €3.7m
Debt > 1 year
€487,925▲
2011 · €369,226
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.7m | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 12.0% |
| Gross operating margin9900 | €0.4m | €1.6m | €2.0m | €2.7m | €1.8m | ▼ 35.0% |
| Operating profit (loss)9901 | -€1.4m | -€0.4m | -€0.2m | €0.3m | -€0.6m | - |
| Recurring financial income75 | €0.09m | €0.006m | €0.01m | €0.02m | €0.04m | ▲ 96.2% |
| Recurring financial charges65 | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 15.3% |
| Profit (loss) for the period before taxes9903 | -€1.4m | -€0.5m | -€0.5m | €0.1m | -€0.7m | - |
| Income taxes67/77 | - | - | -€21 | €0 | - | - |
| Profit (loss) for the period9904 | -€1.4m | -€0.5m | -€0.5m | €0.1m | -€0.7m | - |
| Profit (loss) for the period to be appropriated9905 | -€1.4m | -€0.5m | -€0.5m | €0.1m | -€0.7m | - |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.6m | €3.9m | €4.9m | €4.6m | ▼ 5.4% |
| Formation expenses20 | €0.007m | €0.006m | €0.005m | €0.005m | €0.001m | ▼ 85.3% |
| Fixed assets21/28 | €1.0m | €1.3m | €1.4m | €1.2m | €1.1m | ▼ 8.7% |
| Intangible fixed assets21 | €0.9m | €1.2m | €1.2m | €1.0m | €0.8m | ▼ 13.6% |
| Tangible fixed assets22/27 | €0.08m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 20.0% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.003m | €0.003m | €0.07m | ▲ 28× |
| Current assets29/58 | €1.8m | €1.2m | €2.6m | €3.7m | €3.6m | ▼ 4.4% |
| Stocks and contracts in progress3 | €0.4m | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 27.1% |
| Amounts receivable within one year40/41 | €1.2m | €0.8m | €1.8m | €3.0m | €2.9m | ▼ 6.0% |
| Cash at bank and in hand54/58 | €0.02m | €190 | €0.3m | €0.2m | €0.03m | ▼ 84.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.6m | €3.9m | €4.9m | €4.6m | ▼ 5.4% |
| Equity10/15 | €0.2m | €0.01m | €0.1m | €0.8m | €0.3m | ▼ 69.7% |
| Contributions10/11 | €2.3m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | -€2.3m | -€0.9m | -€0.8m | -€0.1m | -€0.8m | ▼ 489% |
| Provisions and deferred taxes16 | €0.009m | - | - | - | - | - |
| Amounts payable17/49 | €2.5m | €2.5m | €3.8m | €4.1m | €4.4m | ▲ 7.8% |
| Amounts payable after more than one year17 | - | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 32.1% |
| Amounts payable within one year42/48 | €2.5m | €2.3m | €3.4m | €3.7m | €3.9m | ▲ 5.3% |
| Trade debts44 | €1.0m | €1.0m | €1.7m | €1.9m | €2.1m | ▲ 14.0% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.4m | -€0.5m | -€0.5m | €0.1m | -€0.7m | - |
| + Depreciation and write-downs630 | €0.7m | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 12.0% |
| Operating cash flow (approximation) | -€0.7m | €0.3m | €0.3m | €0.9m | €0.04m | ▼ 96.0% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€0.8m | -€0.6m | -€0.6m | ▼ 3.3% |
| Change in cash | - | -€0.02m | €0.3m | -€0.1m | -€0.1m | ▼ 15.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2012 | full format | 05-12-2012 | 2012-65900045 | |
| 30-06-2011 | full format | 02-12-2011 | 2011-62400464 | |
| 30-06-2010 | full format | 15-12-2010 | 2010-63100287 | |
| 30-06-2009 | full format | 09-01-2010 | 2010-01400056 | |
| 30-06-2008 | full format | 03-12-2008 | 2008-83600271 | |
| 30-06-2007 | full format | 03-12-2007 | 2007-81800208 | |
| 31-12-2005 | full format | 29-05-2006 | 2006-17100120 | |
| 31-12-2004 | full format | 16-06-2005 | 2005-26804689 | |
| 31-12-2003 | full format | 27-08-2004 | 2004-61505098 | |
| 31-12-2002 | full format | 30-07-2003 | 2003-54405225 |