CLABEL (0427.329.243), Inactive: financials and annual accounts

Annual accounts 2011

abbreviated format, filed on 13-06-2012, 48 days before the deadline

Gross margin

-€49,666

▼ €243,438

Operating result

-€50,973

▼ €192,246

Loss

-€120,449

▼ €1.7m

Working capital

€2.6m

▲ 5.0%

Solvency

74.5%

▼ 5.0 percentage points

Current ratio

3.95

▼ 10.56

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €3.4m on 31-12-2011

What the company ownsHow it is paid for

Change in equityin €m

Change in cashin €m

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	3.4m	3.4m	3.0m	3.2m	3.5m	3.7m
Fixed assets`21/28`	-	750,000	2.6m	2.8m	3.0m	3.1m
Tangible fixed assets`22/27`	-	-	2.6m	2.8m	3.0m	3.1m
Land and buildings`22`	-	-	2.6m	2.8m	3.0m	3.1m
Financial fixed assets`28`	-	750,000	-	-	-	-
Current assets`29/58`	3.4m	2.6m	395,558	402,722	572,188	539,255
Amounts receivable within one year`40/41`	750,000	1,102	27,402	32,441	-	602
Trade receivables`40`	-	-	-	1,172	-	520
Other amounts receivable`41`	750,000	1,102	27,402	31,269	-	82
Cash at bank and in hand`54/58`	2.7m	2.6m	368,156	370,281	572,188	538,653
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.4m	3.4m	3.0m	3.2m	3.5m	3.7m
Equity`10/15`	2.6m	2.7m	1.1m	1.1m	1.2m	1.1m
Contributions`10/11`	272,683	272,683	272,683	272,683	272,683	272,683
Issued capital`100`	272,683	272,683	272,683	272,683	272,683	272,683
Reserves`13`	444,496	2.0m	821,145	780,118	893,802	812,422
Legal reserve`130`	34,496	34,496	34,496	34,496	34,496	34,496
Tax-exempt reserves`132`	-	1.5m	376,650	405,623	579,306	617,927
Distributable reserves`133`	410,000	410,000	410,000	340,000	280,000	160,000
Profit (loss) carried forward`14`	1.8m	429,525	2,424	4,938	4,599	1,572
Provisions and deferred taxes`16`	5,000	511,290	125,416	135,063	-	-
Provisions for liabilities and charges`160/5`	5,000	-	-	-	-	-
Deferred taxes`168`	-	511,290	125,416	135,063	-	-
Amounts payable`17/49`	870,556	180,928	1.8m	2.0m	2.4m	2.6m
Amounts payable after more than one year`17`	-	-	933,000	1.3m	1.7m	2.1m
Financial debts`170/4`	-	-	933,000	1.3m	1.7m	2.1m
Amounts payable within one year`42/48`	870,556	180,928	866,094	711,157	686,794	480,891
Current portion of amounts payable after more than one year`42`	-	-	373,200	373,200	373,200	373,200
Financial debts`43`	-	-	350,000	261,667	-	50,000
Credit institutions`430/8`	-	-	-	261,667	-	50,000
Other loans`439`	-	-	350,000	-	-	-
Trade debts`44`	178,161	2,554	22,046	7,842	85,736	5,623
Suppliers`440/4`	178,161	2,554	22,046	7,842	85,736	5,623
Taxes, remuneration and social security`45`	692,394	178,375	-	-	88,820	47,829
Taxes`450/3`	692,394	178,375	-	-	87,184	47,829
Remuneration and social security`454/9`	-	-	-	-	1,635	-
Other amounts payable`47/48`	-	-	120,848	68,449	139,038	4,239
Accrued charges and deferred income`492/3`	-	-	-	-	4,573	66,982
Income statement
Non-recurring operating income`76A`	7,581	2.1m	18,911	173	-	3,245
Gross operating margin`9900`	-49,666	193,771	295,549	364,956	462,500	455,868
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	182,233	186,435	178,232	178,232
Other operating charges`640/8`	1,307	52,498	44,879	49,976	49,088	48,242
Operating profit (loss)`9901`	-50,973	141,273	68,436	128,545	235,181	229,394
Financial income`75/76B`	115,205	11,977	13,830	13,748	16,606	15,061
Recurring financial income`75`	115,205	11,977	13,830	13,748	16,606	15,061
Financial charges`65/66B`	6,217	25,459	61,615	118,236	125,279	111,275
Recurring financial charges`65`	6,217	25,459	61,615	118,236	125,279	111,275
Profit (loss) for the period before taxes`9903`	65,597	2.2m	39,562	24,230	126,507	136,426
Income taxes`67/77`	697,336	206,614	10,696	2,512	39,850	48,297
Profit (loss) for the period`9904`	-120,449	1.6m	38,513	-113,345	86,657	88,129
Transfer from tax-exempt reserves`789`	1.5m	376,650	28,973	173,684	38,620	38,620
Transfer to tax-exempt reserves`689`	-	1.5m	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	1.4m	427,101	67,486	60,338	125,277	126,749
Appropriation of the result
Profit (loss) to be appropriated`9906`	1.8m	429,525	72,424	64,938	126,849	149,979
Transfer to equity`691/2`	-	-	70,000	60,000	120,000	148,407
To other reserves`6921`	-	-	70,000	60,000	120,000	148,407
Profit to be distributed`694/7`	-	-	-	-	2,250	-
Directors or managers`695`	-	-	-	-	2,250	-
Document	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 21 older financial years (1985-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2011 (PDF), filed on 13-06-2012.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2011	abbreviated format	13-06-2012	2012-16800414	PDF
31-12-2010	abbreviated format	31-05-2011	2011-12800080	PDF
31-12-2009	abbreviated format	22-06-2010	2010-20100248	PDF
31-12-2008	abbreviated format	16-06-2009	2009-23500259	PDF
31-12-2007	abbreviated format	09-06-2008	2008-20600134	PDF
31-12-2006	abbreviated format	05-06-2007	2007-18100247	PDF
31-12-2005	abbreviated format	07-06-2006	2006-21004598	PDF
31-12-2004	abbreviated format	13-06-2005	2005-25004381	PDF
31-12-2003	abbreviated format	24-06-2004	2004-31400426	PDF
31-12-2002	abbreviated format	18-06-2003	2003-25704345	PDF
31-12-2001	abbreviated format	09-07-2002	2002-35601242	PDF
31-12-2000	abbreviated format	03-07-2001	2001-32504393	PDF
31-12-1999	abbreviated format	20-06-2000	2000-24604658	PDF
31-12-1998	abbreviated format	22-07-1999	1999-36504350	PDF
31-12-1997	abbreviated format	01-10-1998	1998-50602185	PDF
31-12-1996	abbreviated format	31-07-1998	1998-38203059	PDF
31-12-1995	abbreviated format	12-10-1998	1998-52601909	PDF
31-12-1994	abbreviated format	26-09-1995	1995-50604289	PDF
31-12-1993	abbreviated format	26-09-1995	1995-50604279	PDF
31-12-1992	abbreviated format	26-09-1995	1995-50604359	PDF
31-12-1991	abbreviated format	02-09-1992	1992-30203731	PDF
31-12-1990	abbreviated format	24-10-1991	1991-29004397	PDF
31-12-1989	abbreviated format	02-08-1990	1990-20304096	PDF
31-12-1988	abbreviated format	24-07-1989	1989-18001494	PDF
31-12-1987	abbreviated format	03-06-1988	1988-06002870	PDF
31-12-1986	abbreviated format	26-06-1987	1987-12502289	PDF
31-12-1985	abbreviated format	16-07-1986	1986-29000701	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2011	2010	2009	2008	2007	2006
EBITDA	-	-	250,670	314,980	413,413	407,626
Cash flow	-	-	220,747	73,090	264,889	266,361
Investment in fixed assets (approximation)	-	750,000	0	24,209	0	-
Change in cash	63,990	2.3m	-2,125	-201,907	33,535	-
Working capital	2.6m	2.4m	-470,536	-308,435	-114,606	58,364
Solvency	74.5%	79.5%	36.3%	32.9%	33.1%	29.5%
Current ratio	3.95	14.51	0.46	0.57	0.83	1.12
Debt to equity	0.34	0.07	1.64	1.91	2.02	2.39
ROE	-4.7%	59.1%	3.5%	-10.7%	7.4%	8.1%
ROA	-3.5%	47.0%	1.3%	-3.5%	2.4%	2.4%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on CLABEL

The operating result for 2011 is a loss of €50,973, after a profit of €141,273 in 2010. It is the lowest result since 2006.

Debt's share of the balance-sheet total rises from 5.4% to 25.3%. Equity is lower and debt is higher.