BIOFER
InactiveFinancials · financial year 2012, abbreviated format
Annual accounts 2012 filed on 20-06-2013 PDF all 11 filings
Turnover
≈ €2.3m
Estimated: probably between €1.5m and €3.7m
Total assets
€6.9m▼ 10.9%
2011 · €7.7m
Net result
€4,355
2011 · -€227,806
Working capital
-€5.3m▼ 99.7%
2011 · -€2.6m
Multi-year overview
2008 to 2012, 5 financial yearsOperating result
€568,482
▲ 69.2%
2012
20082012
Net result
€4,355
2012
20082012
Equity
-€1.5m
▲ 0.3%
2012
20082012
Total assets
€6.9m
▼ 10.9%
2012
20082012
Debt
€8.3m
▼ 9.2%
2012
20082012
Working capital
-€5.3m
▼ 99.7%
2012
20082012
Staff (FTE)
1.8
▲ 80.0%
2012
20082012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Operating result-€1.0m--€0.9m▲ 12.2%-€0.6m▲ 37.9%€0.3m€0.6m▲ 69.2%
Net result-€1.5m--€1.4m▲ 10.0%-€1.0m▲ 30.1%-€0.2m▲ 76.6%€0.004m
Equity-€2.7m--€0.3m▲ 89.7%-€1.3m▼ 350%-€1.5m▼ 18.2%-€1.5m▲ 0.3%
Total assets€6.4m-€6.3m▼ 2.1%€7.3m▲ 15.3%€7.7m▲ 6.3%€6.9m▼ 10.9%
Debt€9.1m-€6.6m▼ 28.1%€8.5m▲ 29.5%€9.2m▲ 8.1%€8.3m▼ 9.2%
Working capital-€1.5m--€2.5m▼ 63.0%-€2.4m▲ 3.7%-€2.6m▼ 12.0%-€5.3m▼ 99.7%
Staff (FTE)11=1.8▲ 80.0%
The operating result for 2012 is 69% higher than in 2011 and the highest since 2008. It is the fourth rise in a row.
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
2012 in colour, 2011 as the grey bar beneath
Assets €6.9m
Fixed assets
€6.1m ▼ 7.6%
Current assets
€782,666 ▼ 30.3%
Equity and liabilities
Equity-€1.5m
Debt€8.3m
Equity is negative. Debt (€8.3m) exceeds the balance-sheet total (€6.9m).
Key figures and ratios
EBITDA
€1.2m▲
2011 · €1.1m
Cash flow
€674,204▲
2011 · €489,742
Solvency
-21.5%▼
2011 · -19.2%
Current ratio
0.13▼
2011 · 0.30
Quick ratio
0.10▼
2011 · 0.28
ROA
0.1%▲
2011 · -3.0%
Debt ≤ 1 year
€6.1m▲
2011 · €3.8m
Debt > 1 year
€2.2m▼
2011 · €5.1m
Income taxes
€47▲
2011 · €18
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.
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | ▼ 6.6% |
| Gross operating margin9900 | -€0.4m | -€0.3m | €0.2m | €1.1m | €1.3m | ▲ 17.1% |
| Operating profit (loss)9901 | -€1.0m | -€0.9m | -€0.6m | €0.3m | €0.6m | ▲ 69.2% |
| Recurring financial income75 | €0.03m | €52 | €0.2m | €0.07m | €0.001m | ▼ 99.2% |
| Recurring financial charges65 | €0.6m | €0.5m | €0.6m | €0.6m | €0.5m | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | -€1.5m | -€1.4m | -€1.0m | -€0.2m | €0.004m | - |
| Income taxes67/77 | - | €5 | €11 | €18 | €47 | ▲ 159% |
| Profit (loss) for the period9904 | -€1.5m | -€1.4m | -€1.0m | -€0.2m | €0.004m | - |
| Profit (loss) for the period to be appropriated9905 | -€1.5m | -€1.4m | -€1.0m | -€0.2m | €0.004m | - |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.4m | €6.3m | €7.3m | €7.7m | €6.9m | ▼ 10.9% |
| Formation expenses20 | €0.003m | €0.001m | €430 | €0 | - | - |
| Fixed assets21/28 | €5.9m | €6.1m | €6.7m | €6.6m | €6.1m | ▼ 7.6% |
| Intangible fixed assets21 | - | €0.08m | €0.3m | €0.3m | €0.5m | ▲ 53.1% |
| Tangible fixed assets22/27 | €5.9m | €6.0m | €6.4m | €6.3m | €5.6m | ▼ 10.5% |
| Current assets29/58 | €0.5m | €0.2m | €0.5m | €1.1m | €0.8m | ▼ 30.3% |
| Stocks and contracts in progress3 | - | €0.03m | €0.07m | €0.05m | €0.2m | ▲ 186% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.3m | €1.0m | €0.4m | ▼ 55.5% |
| Current investments50/53 | - | €3 | €3 | €3 | €3 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €0.002m | - | €0.1m | €0.08m | €0.2m | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.4m | €6.3m | €7.3m | €7.7m | €6.9m | ▼ 10.9% |
| Equity10/15 | -€2.7m | -€0.3m | -€1.3m | -€1.5m | -€1.5m | ▲ 0.3% |
| Contributions10/11 | €1.7m | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Reserves13 | €128 | €128 | €128 | €128 | €128 | = |
| Profit (loss) carried forward14 | -€4.4m | -€5.8m | -€6.8m | -€7.0m | -€7.0m | ▲ 0.1% |
| Amounts payable17/49 | €9.1m | €6.6m | €8.5m | €9.2m | €8.3m | ▼ 9.2% |
| Amounts payable after more than one year17 | €7.1m | €3.9m | €5.4m | €5.1m | €2.2m | ▼ 56.2% |
| Amounts payable within one year42/48 | €2.0m | €2.7m | €2.9m | €3.8m | €6.1m | ▲ 60.9% |
| Trade debts44 | €0.4m | €0.7m | €0.6m | €1.0m | €0.6m | ▼ 38.3% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.5m | -€1.4m | -€1.0m | -€0.2m | €0.004m | - |
| + Depreciation and write-downs630 | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | ▼ 6.6% |
| Operating cash flow (approximation) | -€1.0m | -€0.8m | -€0.3m | €0.5m | €0.7m | ▲ 37.7% |
| Investment in fixed assets (approximation) | - | -€0.8m | -€1.3m | -€0.6m | -€0.2m | ▲ 70.5% |
| Change in cash | - | - | - | -€0.03m | €0.09m | - |
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 | 20-06-2013 | 2013-19700472 | |
| 31-12-2011 | abbreviated format | 21-06-2012 | 2012-19700225 | |
| 31-12-2010 | abbreviated format | 15-06-2011 | 2011-17900525 | |
| 31-12-2009 | abbreviated format | 08-07-2010 | 2010-29100418 | |
| 31-12-2008 | abbreviated format | 07-09-2009 | 2009-75000104 | |
| 31-12-2007 | abbreviated format | 25-06-2008 | 2008-27300374 | |
| 31-12-2006 | abbreviated format | 09-07-2007 | 2007-38000330 | |
| 31-12-2005 | abbreviated format | 12-06-2007 | 2007-22000373 | |
| 31-12-2004 | abbreviated format | 05-10-2005 | 2005-81801852 | |
| 31-12-2003 | abbreviated format | 04-11-2004 | 2004-77801166 |