ARMA
InactiveFinancials · financial year 2012, abbreviated format
Annual accounts 2012 filed on 27-05-2013 PDF all 11 filings
Equity
-€123,348▼ 421%
2011 · -€23,687
Total assets
€17,488▼ 88.9%
2011 · €157,104
Net result
-€99,661▼ 1,067%
2011 · -€8,543
Working capital
-€121,349▲ 30.2%
2011 · -€173,735
Multi-year overview
2008 to 2012, 5 financial yearsOperating result
-€6,407
▼ 82.0%
2012
20082012
Net result
-€99,661
▼ 1,067%
2012
20082012
Equity
-€123,348
▼ 421%
2012
20082012
Total assets
€17,488
▼ 88.9%
2012
20082012
Debt
€140,836
▼ 22.1%
2012
20082012
Working capital
-€121,349
▲ 30.2%
2012
20082012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Operating result-€0.06m-€0.02m-€0.01m-€0.004m▲ 69.5%-€0.006m▼ 82.0%
Net result-€0.4m--€0.5m▼ 17.1%-€0.6m▼ 15.7%-€0.009m▲ 98.6%-€0.1m▼ 1,067%
Equity-€0.08m--€0.6m▼ 610%-€0.02m▲ 97.5%-€0.02m▼ 56.4%-€0.1m▼ 421%
Total assets€0.5m-€0.8m▲ 53.3%€0.2m▼ 79.1%€0.2m▼ 5.5%€0.02m▼ 88.9%
Debt€0.6m-€1.4m▲ 131%€0.2m▼ 87.0%€0.2m▼ 0.3%€0.1m▼ 22.1%
Working capital-€0.3m--€0.9m▼ 195%-€0.2m▲ 82.3%-€0.2m▼ 4.9%-€0.1m▲ 30.2%
The operating result for 2012 is a loss of €6,407, larger than the loss of €3,521 in 2011.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €17,488
Fixed assets
€1 ▼ 100.0%
Current assets
€17,487 ▲ 732%
Equity and liabilities
Equity-€123,348
Debt€140,836
Equity is negative. Debt (€140,836) exceeds the balance-sheet total (€17,488).
Key figures and ratios
Solvency
-705.3%▼
2011 · -15.1%
Current ratio
0.13▲
2011 · 0.01
ROA
-569.9%▼
2011 · -5.4%
Debt ≤ 1 year
€138,836▼
2011 · €175,838
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2009 | 2010 | 2011 | 2012 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €790,433 | €99,614 | €99,047 | - |
Source: notes to the 2009 to 2012 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2009 | 2010 | 2011 | 2012 |
|---|---|---|---|---|
| Financial fixed assets | €790,433 | - | - | - |
Source: notes to the 2009 to 2012 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €11,306 | €113 | €115 | €119 | ▲ 3.5% |
| Gross operating margin9900 | -€57,662 | €32,317 | -€11,419 | -€3,406 | -€6,288 | ▼ 84.6% |
| Operating profit (loss)9901 | -€58,622 | €21,011 | -€11,532 | -€3,521 | -€6,407 | ▼ 82.0% |
| Recurring financial income75 | €505,520 | €1 | - | €8 | €38 | ▲ 375% |
| Recurring financial charges65 | €43,867 | €33,664 | €12,232 | €5,029 | €10 | ▼ 99.8% |
| Profit (loss) for the period before taxes9903 | -€439,984 | -€515,047 | -€595,728 | -€8,542 | -€99,661 | ▼ 1,067% |
| Income taxes67/77 | €1 | - | - | €1 | - | - |
| Profit (loss) for the period9904 | -€439,985 | -€515,047 | -€595,728 | -€8,543 | -€99,661 | ▼ 1,067% |
| Profit (loss) for the period to be appropriated9905 | -€439,985 | -€515,047 | -€595,728 | -€8,543 | -€99,661 | ▼ 1,067% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.5m | €0.8m | €0.2m | €0.2m | €0.02m | ▼ 88.9% |
| Fixed assets21/28 | €0.5m | €0.8m | €0.2m | €0.2m | €1 | ▼ 100.0% |
| Financial fixed assets28 | €0.5m | €0.8m | €0.2m | €0.2m | €1 | ▼ 100.0% |
| Current assets29/58 | €0.02m | €0.003m | €0.01m | €0.002m | €0.02m | ▲ 732% |
| Amounts receivable within one year40/41 | €0.02m | €0.003m | €0.01m | €0.001m | €0.001m | ▲ 8.1% |
| Trade receivables40 | - | €0.003m | €0.009m | - | - | - |
| Other amounts receivable41 | - | - | €0.001m | €0.001m | €0.001m | ▲ 8.1% |
| Cash at bank and in hand54/58 | €0.001m | - | €0.001m | €0.001m | €0.02m | ▲ 17× |
| Deferred charges and accrued income490/1 | - | - | - | €8 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.5m | €0.8m | €0.2m | €0.2m | €0.02m | ▼ 88.9% |
| Equity10/15 | -€0.08m | -€0.6m | -€0.02m | -€0.02m | -€0.1m | ▼ 421% |
| Contributions10/11 | €0.3m | €0.3m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | - | €0.3m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | - | €0.3m | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.4m | -€0.9m | -€1.5m | -€1.5m | -€1.6m | ▼ 6.8% |
| Amounts payable17/49 | €0.6m | €1.4m | €0.2m | €0.2m | €0.1m | ▼ 22.1% |
| Amounts payable after more than one year17 | €0.2m | €0.4m | - | - | - | - |
| Financial debts170/4 | - | €0.4m | - | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.9m | €0.2m | €0.2m | €0.1m | ▼ 21.0% |
| Financial debts43 | - | €20 | - | - | - | - |
| Credit institutions430/8 | - | €20 | - | - | - | - |
| Trade debts44 | €0.07m | €0.04m | €0.05m | €0.03m | €0.03m | ▼ 7.6% |
| Suppliers440/4 | - | €0.04m | €0.05m | €0.03m | €0.03m | ▼ 7.6% |
| Taxes, remuneration and social security45 | - | €111 | - | - | - | - |
| Taxes450/3 | - | €111 | - | - | - | - |
| Other amounts payable47/48 | - | €0.9m | €0.1m | €0.1m | €0.1m | ▼ 24.3% |
| Accrued charges and deferred income492/3 | - | €0.06m | €0.005m | €0.005m | €0.002m | ▼ 59.6% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€439,985 | -€515,047 | -€595,728 | -€8,543 | -€99,661 | ▼ 1,067% |
| Operating cash flow (approximation) | -€439,985 | -€515,047 | -€595,728 | -€8,543 | -€99,661 | ▼ 1,067% |
| Investment in fixed assets (approximation) | - | -€290,434 | €635,433 | €0 | €155,000 | - |
| Change in cash | - | - | - | €416 | €15,298 | ▲ 37× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2012 | abbreviated format | 27-05-2013 | 2013-13600293 | |
| 31-12-2011 | abbreviated format | 24-08-2012 | 2012-51600240 | |
| 31-12-2010 | abbreviated format | 12-12-2011 | 2011-63700407 | |
| 31-12-2009 | abbreviated format | 18-02-2011 | 2011-04000101 | |
| 31-12-2008 | abbreviated format | 09-09-2009 | 2009-75500083 | |
| 31-12-2007 | abbreviated format | 09-07-2008 | 2008-39600169 | |
| 31-12-2006 | abbreviated format | 29-08-2007 | 2007-65200124 | |
| 31-12-2005 | full format | 27-09-2006 | 2006-80300666 | |
| 31-12-2004 | full format | 29-09-2005 | 2005-76501250 | |
| 31-12-2003 | abbreviated format | 24-08-2004 | 2004-61103454 |