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CONITEC

Inactive KBO/BCE: BE 0454.834.285 subsidiary of Aveve NV
CONITEC
Financial year 2011
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Annual accounts 2011

full format, filed on 25-04-2012, 97 days before the deadline
Operating income
€142,709
Operating result
€236,767
▲ 362%
Profit
€236,758
▲ 362%
Working capital
-€2.9m
Solvency
-
Current ratio
0.00

Turnover: not included in this filing.

Balance sheet

balance sheet total €5,027 on 31-12-2011
What the company ownsHow it is paid for

Change in equityin €m

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend201120102009200820072006
Balance sheet: assets
Total assets20/58 5,02746046470775837,722
Current assets29/58 5,02746046470775837,722
Amounts receivable within one year40/41 --3074485936,854
Trade receivables40 -----36,226
Other amounts receivable41 --30744859628
Cash at bank and in hand54/58 5,027460157259699869
Balance sheet: equity and liabilities
Total equity and liabilities10/49 5,02746046470775837,722
Equity10/15 -2.9m-3.1m-3.2m-3.2m-3.2m-3.2m
Contributions10/11 954,390-954,390954,390954,390954,390
Capital10 -954,390----
Issued capital100 954,390954,390954,390954,390954,390954,390
Profit (loss) carried forward14 -3.8m-4.1m-4.1m-4.1m-4.1m-4.1m
Provisions and deferred taxes16 -97,035150,115150,115150,115179,298
Provisions for liabilities and charges160/5 -97,035150,115150,115150,115179,298
Other liabilities and charges164/5 --150,115150,115150,115179,298
Amounts payable17/49 2.9m3.0m3.0m3.0m3.0m3.0m
Amounts payable after more than one year17 -3.0m3.0m3.0m3.0m3.0m
Financial debts170/4 -3.0m3.0m3.0m3.0m3.0m
Subordinated loans170 -3.0m3.0m3.0m3.0m3.0m
Amounts payable within one year42/48 2.9m-1,3551,2881,7337,427
Current portion of amounts payable after more than one year42 2.9m-----
Trade debts44 2,0271,1821,3551,2881,4287,116
Suppliers440/4 2,0271,1821,3551,2881,4287,116
Taxes, remuneration and social security45 ----305311
Taxes450/3 ----6363
Remuneration and social security454/9 ----242249
Income statement
Operating income70/76A 142,709--2711,3293,118
Operating charges60/66A -94,059-2,2894,2604,2218,137
Services and other goods61 3,1071,4651,9423,1081,51219,813
Remuneration, social security and pensions62 ---7504,1394,189
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 -374,247----1,215-16,214
Provisions for liabilities and charges: additions (uses and reversals)635/8 -97,035----29,183-
Other operating charges640/8 374,11734734840228,969348
Operating profit (loss)9901 236,76751,268-2,289-3,989-2,892-5,019
Financial income75/76B 11--16,5032514,471
Recurring financial income75 11--16,5032514,471
Income from current assets751 11--16,5032514,471
Financial charges65/66B 20-202020-
Recurring financial charges65 2020202020-
Other financial charges652/9 2020202020-
Profit (loss) for the period before taxes9903 236,75851,248-2,30912,494-2,8889,453
Profit (loss) for the period9904 236,75851,248-2,30912,494-2,8889,453
Profit (loss) for the period to be appropriated9905 236,75851,248-2,30912,494-2,8889,453
Appropriation of the result
Profit (loss) to be appropriated9906 -3.8m-4.1m-4.1m-4.1m-4.1m-4.1m
Profit (loss) brought forward from the previous period14P --4.1m----
Social balance sheet
Average staff (FTE)9087 ---222
Hours worked1013 ---333
Document PDFPDFPDFPDFPDFPDF

The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2011 (PDF), filed on 25-04-2012.

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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 full format 25-04-2012 2012-09700312 PDF
31-12-2010 full format 29-04-2011 2011-10000174 PDF
31-12-2009 full format 03-05-2010 2010-10900295 PDF
31-12-2008 full format 11-05-2009 2009-14300207 PDF
31-12-2007 full format 21-04-2008 2008-11200063 PDF
31-12-2006 full format 19-04-2007 2007-12100064 PDF
31-12-2005 full format 07-04-2006 2006-10200138 PDF
31-12-2004 full format 12-04-2005 2005-11200024 PDF
31-12-2003 full format 13-05-2004 2004-14200045 PDF
31-12-2002 full format 14-04-2003 2003-10600179 PDF
31-12-2001 full format 17-04-2002 2002-09900034 PDF
31-12-2000 full format 19-04-2001 2001-09700171 PDF
31-12-1999 full format 17-04-2000 2000-09800187 PDF
31-12-1998 full format 21-04-1999 1999-07901232 PDF
31-12-1997 full format 27-04-1998 1998-07503730 PDF
31-12-1996 full format 15-04-1997 1997-05702123 PDF
31-12-1995 full format 27-03-1996 1996-04503708 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend201120102009200820072006
Change in cash 4,567303-102-440-170-
Working capital -2.9m--890-581-97630,295
Current ratio 0.00----5.08
ROA -----25.1%
Supplier credit 238 days294 days255 days151 days345 days131 days

EBIT margin: not included in this filing.

A ratio outside any meaningful range has been withheld (balance sheet total €5,027, equity -€2.9m).

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Auditor

fees
Item2010
Fee for the audit€700

Source: notes to the 2010 annual accounts (relations with the auditor)

Insights on CONITEC

The operating result for 2011 is 4.6 times that of 2010 and the highest since 2006. It is the third rise in a row, after the fall in 2008.

Equity is negative. Debt (€2.9m) exceeds the balance-sheet total (€5,027).

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