CHARLES EXPORT
Bankruptcy closedFinancials · financial year 2010, full format
Annual accounts 2010 filed on 14-07-2011 PDF all 18 filings
Turnover
€514,996▼ 43.0%
2009 · €904,036
EBIT margin
0.0%▲ 1.7pp
2009 · -1.7%
Net result
-€1,038▲ 93.6%
2009 · -€16,099
Working capital
€15,703▼ 6.4%
2009 · €16,775
Multi-year overview
2006 to 2010, 5 financial yearsTurnover
€514,996
▼ 43.0%
2010
20062010
Operating result
€15
2010
20062010
Net result
-€1,038
▲ 93.6%
2010
20062010
EBIT margin
0.0%
▲ 1.7pp
2010
20062010
Equity
€15,978
▼ 6.1%
2010
20062010
Total assets
€33,506
▲ 9.2%
2010
20062010
Debt
€17,528
▲ 28.3%
2010
20062010
Working capital
€15,703
▼ 6.4%
2010
20062010
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20062007200820092010
Turnover€339,798-€424,469▲ 24.9%€404,313▼ 4.7%€904,036▲ 124%€514,996▼ 43.0%
Operating result€3,606--€718€4,128-€15,173€15
Net result€3,168--€290€4,978-€16,099-€1,038▲ 93.6%
EBIT margin1.1%--0.2%▼ 1.2pp1.0%▲ 1.2pp-1.7%▼ 2.7pp0.0%▲ 1.7pp
Equity€28,428-€28,138▼ 1.0%€33,116▲ 17.7%€17,016▼ 48.6%€15,978▼ 6.1%
Total assets€29,760-€28,870▼ 3.0%€36,195▲ 25.4%€30,680▼ 15.2%€33,506▲ 9.2%
Debt€1,332-€733▼ 45.0%€3,080▲ 320%€13,663▲ 344%€17,528▲ 28.3%
Working capital€27,395-€25,768▼ 5.9%€33,761▲ 31.0%€16,775▼ 50.3%€15,703▼ 6.4%
The operating result for 2010 is a profit of €15, after a loss of €15,173 in 2009.
Balance-sheet composition
2010 in colour, 2009 as the grey bar beneath
Assets €33,506
Fixed assets
€275 ▲ 13.9%
Current assets
€33,232 ▲ 9.2%
Equity and liabilities €33,506
Equity
€15,978 ▼ 6.1%
Debt
€17,528 ▲ 28.3%
Debt's share of the balance-sheet total rises from 44.5% to 52.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€69▲
2009 · -€15,119
Cash flow
-€984▲
2009 · -€16,045
Current ratio
1.90▼
2009 · 2.23
Quick ratio
0.90▼
2009 · 1.60
ROE
-6.5%▲
2009 · -94.6%
ROA
-3.1%▲
2009 · -52.5%
Debt ≤ 1 year
€17,528▲
2009 · €13,663
Customer credit
11 days▲
2009 · 6 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €339,798 | €424,469 | €404,313 | €904,036 | €514,996 | ▼ 43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €532 | €1,187 | - | €54 | €54 | = |
| Gross operating margin9900 | €9,162 | €996 | €4,565 | -€15,030 | €158 | - |
| Operating profit (loss)9901 | €3,606 | -€718 | €4,128 | -€15,173 | €15 | - |
| Recurring financial income75 | €109 | €0 | - | - | €18 | - |
| Recurring financial charges65 | €75 | €72 | €255 | €926 | €1,131 | ▲ 22.1% |
| Profit (loss) for the period before taxes9903 | €3,168 | -€290 | €4,978 | -€16,099 | -€1,038 | ▲ 93.6% |
| Profit (loss) for the period9904 | €3,168 | -€290 | €4,978 | -€16,099 | -€1,038 | ▲ 93.6% |
| Profit (loss) for the period to be appropriated9905 | €3,168 | -€290 | €4,978 | -€16,099 | -€1,038 | ▲ 93.6% |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,760 | €28,870 | €36,195 | €30,680 | €33,506 | ▲ 9.2% |
| Fixed assets21/28 | €1,032 | €2,370 | €25 | €241 | €275 | ▲ 13.9% |
| Tangible fixed assets22/27 | €1,032 | €2,345 | - | €216 | €162 | ▼ 25.0% |
| Financial fixed assets28 | - | €25 | €25 | €25 | €113 | ▲ 350% |
| Current assets29/58 | €28,727 | €26,500 | €36,170 | €30,439 | €33,232 | ▲ 9.2% |
| Stocks and contracts in progress3 | €7,700 | €7,000 | €20,000 | €8,600 | €17,400 | ▲ 102% |
| Amounts receivable within one year40/41 | €12,136 | €11,484 | €15,840 | €15,826 | €15,832 | = |
| Cash at bank and in hand54/58 | €8,891 | €8,016 | €330 | €6,013 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,760 | €28,870 | €36,195 | €30,680 | €33,506 | ▲ 9.2% |
| Equity10/15 | €28,428 | €28,138 | €33,116 | €17,016 | €15,978 | ▼ 6.1% |
| Contributions10/11 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €751 | €751 | €751 | €751 | €751 | = |
| Profit (loss) carried forward14 | -€9,508 | -€9,798 | -€4,820 | -€20,919 | -€21,957 | ▼ 5.0% |
| Amounts payable17/49 | €1,332 | €733 | €3,080 | €13,663 | €17,528 | ▲ 28.3% |
| Amounts payable within one year42/48 | €1,332 | €733 | €2,410 | €13,663 | €17,528 | ▲ 28.3% |
| Trade debts44 | €1,330 | €656 | €381 | €4,224 | €1,023 | ▼ 75.8% |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,168 | -€290 | €4,978 | -€16,099 | -€1,038 | ▲ 93.6% |
| + Depreciation and write-downs630 | €532 | €1,187 | - | €54 | €54 | = |
| Operating cash flow (approximation) | €3,700 | €897 | €4,978 | -€16,045 | -€984 | ▲ 93.9% |
| Investment in fixed assets (approximation) | - | -€2,525 | €2,345 | -€270 | -€88 | ▲ 67.6% |
| Change in cash | - | -€875 | -€7,686 | €5,683 | - | - |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2010 | full format | 14-07-2011 | 2011-29300486 | |
| 31-12-2009 | full format | 28-07-2010 | 2010-35500232 | |
| 31-12-2008 | full format | 27-07-2009 | 2009-48000206 | |
| 31-12-2007 | full format | 30-07-2008 | 2008-50600230 | |
| 31-12-2006 | full format | 13-07-2007 | 2007-41000071 | |
| 31-12-2005 | full format | 09-06-2006 | 2006-22101416 | |
| 31-12-2004 | full format | 11-07-2005 | 2005-45804766 | |
| 31-12-2003 | full format | 29-06-2004 | 2004-34502490 | |
| 31-12-2002 | full format | 12-08-2003 | 2003-61300772 | |
| 31-12-2001 | full format | 22-08-2002 | 2002-49105078 |