ARCELORMITTAL INSURANCE BELGIUM
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2013.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2013 was due by 28-02-2014 and was filed on 28-01-2014, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2013
31 d early
2012
21 d early
2011
32 d early
2010
33 d early
2009
39 d early
2008
36 d early
2007
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2013, full schema
Turnover
€139k▼ 50.2%
2012 · €278k
2009: €936k
2010: €927k
2011: €270k
2012: €278k
2009 → 2013
EBIT margin
26.5%▼ 26.0pp
2012 · 52.5%
2009: 36.1%
2010: 32.0%
2011: 59.0%
2012: 52.5%
2009 → 2013
Net result
€24k▼ 74.2%
2012 · €94k
2009: €224k
2010: €197k
2011: €106k
2012: €94k
2009 → 2013
Working capital
€95k▼ 40.8%
2012 · €161k
2009: €64k
2010: €65k
2011: €66k
2012: €161k
2009 → 2013
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20092010201120122013Trend
Turnover€936k-€927k▼ 0.9%€270k▼ 70.9%€278k▲ 3.0%€139k▼ 50.2%
Equity€68k-€68k=€68k=€162k▲ 138%€97k▼ 40.5%
Operating result€338k-€297k▼ 12.2%€159k▼ 46.3%€146k▼ 8.3%€37k▼ 74.9%
Net result€224k-€197k▼ 12.2%€106k▼ 46.0%€94k▼ 11.5%€24k▼ 74.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2013 is 75% below 2012 and is the lowest result in the available series.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €182k
Fixed assets
€1k▼ 14.7%
Current assets
€180k▼ 37.3%
Equity and liabilities €182k
Equity
€97k▼ 40.5%
Debt
€85k▼ 32.9%
The debt ratio rises from 43.9% to 46.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37k▼
2012 · €147k
Cash flow
€24k▼
2012 · €95k
Solvency
53.1%▼
2012 · 56.1%
Current ratio
2.12▼
2012 · 2.27
Quick ratio
2.12▼
2012 · 2.27
ROE
25.1%▼
2012 · 58.0%
ROA
13.3%▼
2012 · 32.5%
Interest coverage
1415.48▲
2012 · 224.48
Debt
€85k▼
2012 · €127k
Debt ≤ 1 year
€85k▼
2012 · €127k
Income taxes
€12k▼
2012 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2013 against 2012
Balance sheet
Code20122013
Assets
Total assets20/58€289k€182k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Current assets29/58€288k€180k▼
Amounts receivable within one year40/41€288k€180k▼
Equity and liabilities
Total equity and liabilities10/49€289k€182k▼
Equity10/15€162k€97k▼
Contributions10/11€62k€62k=
Reserves13€100k€10k▼
Profit (loss) carried forward14-€24k
Amounts payable17/49€127k€85k▼
Amounts payable within one year42/48€127k€85k▼
Trade debts44€73k€22k▼
Income statement
Code20122013
Turnover70€278k€139k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€717€225▼
Operating profit (loss)9901€146k€37k▼
Recurring financial income75€394-
Recurring financial charges65€1k€553▼
Debt charges650€654€26▼
Profit (loss) for the period before taxes9903€145k€36k▼
Income taxes67/77€51k€12k▼
Profit (loss) for the period9904€94k€24k▼
Profit (loss) for the period to be appropriated9905€94k€24k▼
Appropriation of the result
Return on contributions (dividend)694-€90k
Timeline · acts, filings and financial milestones
2014
28-01
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
17-01
State Gazette act
General meeting · Merger
Accounting effect · Net-asset statement
17-01
State Gazette act
General meeting · Merger
Accounting effect · Frederik VLAMINCK
2013
31-07
Financial
Weakest financial yearnet €24k ▼74.2%
Net result drops to €24k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-12
Financial
Equity above €150kEq €162k ▲138%
4 profitable years in a row build equity to €162k.
29-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
28-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
22-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
25-06
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
01-07
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
21-06
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
2006
05-07
NBB filing
Annual accounts filed
fiscal year 2005 · full schema
2005
01-07
NBB filing
Annual accounts filed
fiscal year 2004 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:ARCELORMITTAL BELGIUM