BRM
InactiveFinancials · financial year 2011, full format
Annual accounts 2011 filed on 22-06-2012 PDF all 16 filings
Turnover
€124,377▼ 51.7%
2010 · €257,400
EBIT margin
7.0%▼ 3.0pp
2010 · 10.0%
Net result
€6,749▼ 63.8%
2010 · €18,641
Working capital
€91,496▲ 18.0%
2009 · €77,553
Multi-year overview
2007 to 2011, 5 financial yearsTurnover
€124,377
▼ 51.7%
2011
20072011
Operating result
€8,733
▼ 66.0%
2011
20072011
Net result
€6,749
▼ 63.8%
2011
20072011
EBIT margin
7.0%
▼ 3.0pp
2011
20072011
Equity
€109,448
▲ 6.6%
2011
20072011
Total assets
€120,679
▼ 4.8%
2011
20072011
Debt
€11,231
▼ 53.3%
2011
20072011
Working capital
no figure
2011
20072011
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20072008200920102011
Turnover€368,919-€328,072▼ 11.1%€267,791▼ 18.4%€257,400▼ 3.9%€124,377▼ 51.7%
Operating result€1,770-€5,574▲ 215%€9,329▲ 67.4%€25,711▲ 176%€8,733▼ 66.0%
Net result€288-€6,625▲ 23×€7,353▲ 11.0%€18,641▲ 154%€6,749▼ 63.8%
EBIT margin0.5%-1.7%▲ 1.2pp3.5%▲ 1.8pp10.0%▲ 6.5pp7.0%▼ 3.0pp
Equity€70,080-€76,705▲ 9.5%€84,058▲ 9.6%€102,699▲ 22.2%€109,448▲ 6.6%
Total assets€113,017-€126,901▲ 12.3%€115,916▼ 8.7%€126,757▲ 9.4%€120,679▼ 4.8%
Debt€42,937-€50,196▲ 16.9%€31,857▼ 36.5%€24,058▼ 24.5%€11,231▼ 53.3%
Working capital€41,870-€59,387▲ 41.8%€77,553▲ 30.6%€91,496▲ 18.0%
The operating result for 2011 is 66% lower than in 2010 and the lowest since 2008.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €120,679
Fixed assets
€7,837 ▼ 30.0%
Current assets
€112,842 ▼ 2.3%
Equity and liabilities €120,679
Equity
€109,448 ▲ 6.6%
Debt
€11,231 ▼ 53.3%
Debt's share of the balance-sheet total falls from 19.0% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,100▼
2010 · €29,234
Cash flow
€10,116▼
2010 · €22,164
Debt to equity
0.10
ROE
6.2%▼
2010 · 18.2%
ROA
5.6%▼
2010 · 14.7%
Interest coverage
51.93
Income taxes
€2,044▼
2010 · €6,954
Customer credit
95 days▲
2010 · 30 days
Supplier credit
25 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Auditor
| Item | 2011 |
|---|---|
| Fee for the audit | €2,563 |
Source: notes to the 2011 annual accounts (relations with the auditor)
Annual accounts
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €368,919 | €328,072 | €267,791 | €257,400 | €124,377 | ▼ 51.7% |
| Services and other goods61 | - | - | - | - | €106,356 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,820 | €10,891 | €3,879 | €3,523 | €3,367 | ▼ 4.4% |
| Other operating charges640/8 | - | - | - | - | €5,921 | - |
| Operating profit (loss)9901 | €1,770 | €5,574 | €9,329 | €25,711 | €8,733 | ▼ 66.0% |
| Recurring financial income75 | €2,259 | €3,512 | €1,006 | €2 | €293 | ▲ 195× |
| Income from current assets751 | - | - | - | - | €293 | - |
| Recurring financial charges65 | €522 | €334 | €241 | €117 | €233 | ▲ 98.8% |
| Other financial charges652/9 | - | - | - | - | €233 | - |
| Profit (loss) for the period before taxes9903 | €3,507 | €8,751 | €10,094 | €25,595 | €8,793 | ▼ 65.6% |
| Income taxes67/77 | €3,219 | €2,127 | €2,741 | €6,954 | €2,044 | ▼ 70.6% |
| Taxes670/3 | - | - | - | - | €2,044 | - |
| Profit (loss) for the period9904 | €288 | €6,625 | €7,353 | €18,641 | €6,749 | ▼ 63.8% |
| Profit (loss) for the period to be appropriated9905 | €288 | €6,625 | €7,353 | €18,641 | €6,749 | ▼ 63.8% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113,017 | €126,901 | €115,916 | €126,757 | €120,679 | ▼ 4.8% |
| Fixed assets21/28 | €31,515 | €20,624 | €14,727 | €11,204 | €7,837 | ▼ 30.0% |
| Tangible fixed assets22/27 | €31,515 | €20,624 | €14,727 | €11,204 | €7,837 | ▼ 30.0% |
| Furniture and vehicles24 | - | - | - | - | €7,837 | - |
| Current assets29/58 | €81,502 | €106,278 | €101,189 | €115,553 | €112,842 | ▼ 2.3% |
| Amounts receivable within one year40/41 | €42,077 | €25,227 | €24,135 | €21,052 | €35,519 | ▲ 68.7% |
| Trade receivables40 | - | - | - | - | €32,519 | - |
| Other amounts receivable41 | - | - | - | - | €3,000 | - |
| Cash at bank and in hand54/58 | €38,869 | €80,553 | €76,705 | €94,153 | €76,953 | ▼ 18.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €370 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113,017 | €126,901 | €115,916 | €126,757 | €120,679 | ▼ 4.8% |
| Equity10/15 | €70,080 | €76,705 | €84,058 | €102,699 | €109,448 | ▲ 6.6% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | - | - | - | €62,500 | - |
| Issued capital100 | - | - | - | - | €62,500 | - |
| Reserves13 | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | - | - | - | - | €6,250 | - |
| Profit (loss) carried forward14 | €1,330 | €7,955 | €15,308 | €33,949 | €40,698 | ▲ 19.9% |
| Amounts payable17/49 | €42,937 | €50,196 | €31,857 | €24,058 | €11,231 | ▼ 53.3% |
| Amounts payable within one year42/48 | €39,632 | €46,891 | €23,635 | €24,058 | - | - |
| Trade debts44 | €35,889 | €43,765 | €19,243 | €20,931 | €7,268 | ▼ 65.3% |
| Suppliers440/4 | - | - | - | - | €7,268 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €1,552 | - |
| Taxes450/3 | - | - | - | - | €1,552 | - |
| Other amounts payable47/48 | - | - | - | - | €2,411 | - |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €288 | €6,625 | €7,353 | €18,641 | €6,749 | ▼ 63.8% |
| + Depreciation and write-downs630 | €10,820 | €10,891 | €3,879 | €3,523 | €3,367 | ▼ 4.4% |
| Operating cash flow (approximation) | €11,108 | €17,516 | €11,233 | €22,164 | €10,116 | ▼ 54.4% |
| Investment in fixed assets (approximation) | - | €0 | €2,017 | €0 | -€1 | - |
| Change in cash | - | €41,684 | -€3,848 | €17,448 | -€17,200 | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2011 | full format | 22-06-2012 | 2012-20800171 | |
| 31-12-2010 | full format | 07-06-2011 | 2011-15200515 | |
| 31-12-2009 | full format | 01-06-2010 | 2010-14800119 | |
| 31-12-2008 | full format | 14-05-2009 | 2009-14800366 | |
| 31-12-2007 | full format | 21-05-2008 | 2008-15200380 | |
| 31-12-2006 | full format | 20-06-2007 | 2007-26000326 | |
| 31-12-2005 | full format | 07-07-2006 | 2006-43201325 | |
| 31-12-2004 | full format | 20-05-2005 | 2005-16202393 | |
| 31-12-2003 | full format | 11-05-2004 | 2004-14105035 | |
| 31-12-2002 | full format | 12-05-2003 | 2003-13703530 |