CORES DEVELOPMENT
InactiveInactive; last annual accounts for fiscal year 2013.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2013 was due by 31-07-2014 and was filed on 05-06-2014, 56 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2013
56 d early
2012
40 d early
2011
42 d early
2010
54 d early
2009
57 d early
2008
58 d early
2007
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2013, abbreviated schema
Equity
€1.89M▲ 18.9%
2012 · €1.59M
2009: €246k
2010: €257k
2011: €539k
2012: €1.59M
2009 → 2013
Total assets
€6.85M▲ 8.7%
2012 · €6.30M
2009: €2.84M
2010: €1.65M
2011: €4.89M
2012: €6.30M
2009 → 2013
Net result
€1.00M▼ 4.5%
2012 · €1.05M
2009: €668k
2010: €11k
2011: €282k
2012: €1.05M
2009 → 2013
Working capital
€4.43M▲ 40.5%
2012 · €3.15M
2009: €1.86M
2010: €1.03M
2011: €2.72M
2012: €3.15M
2009 → 2013
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20092010201120122013Trend
Equity€246k-€257k▲ 4.6%€539k▲ 110%€1.59M▲ 195%€1.89M▲ 18.9%
Operating result€1.02M-€211k▼ 79.2%€580k▲ 175%€1.86M▲ 221%€1.34M▼ 28.2%
Net result€668k-€11k▼ 98.3%€282k▲ 2,373%€1.05M▲ 273%€1.00M▼ 4.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2013; 2013 is 28% below 2012.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €6.85M
Fixed assets
€315k ▲ 33.9%
Current assets
€6.54M ▲ 7.8%
Equity and liabilities €6.85M
Equity
€1.89M ▲ 18.9%
Debt
€4.96M ▲ 5.3%
Debt's share of the balance-sheet total falls from 74.8% to 72.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.43M▼
2012 · €1.92M
Cash flow
€1.09M▼
2012 · €1.11M
Current ratio
3.10▲
2012 · 2.08
Quick ratio
2.84▲
2012 · 1.89
Debt to equity
1.43▲
2012 · 0.99
ROE
53.1%▼
2012 · 66.1%
ROA
14.6%▼
2012 · 16.7%
Debt ≤ 1 year
€2.11M▼
2012 · €2.91M
Debt > 1 year
€2.70M▲
2012 · €1.57M
Income taxes
€153k▼
2012 · €566k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2013 against 2012 · 27 lines
Balance sheet
Code20122013
Assets
Total assets20/58€6.30M€6.85M▲
Fixed assets21/28€235k€315k▲
Intangible fixed assets21€19k€44k▲
Tangible fixed assets22/27€172k€230k▲
Financial fixed assets28€44k€40k▼
Current assets29/58€6.07M€6.54M▲
Stocks and contracts in progress3€564k€555k▼
Amounts receivable within one year40/41€5.06M€4.61M▼
Cash at bank and in hand54/58€437k€1.38M▲
Equity and liabilities
Total equity and liabilities10/49€6.30M€6.85M▲
Equity10/15€1.59M€1.89M▲
Contributions10/11€62k€62k=
Reserves13€1.53M€1.83M▲
Profit (loss) carried forward14€426€143▼
Amounts payable17/49€4.71M€4.96M▲
Amounts payable after more than one year17€1.57M€2.70M▲
Amounts payable within one year42/48€2.91M€2.11M▼
Trade debts44€2.23M€1.12M▼
Income statement
Code20122013
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€91k▲
Gross operating margin9900€2.32M€2.32M▲
Operating profit (loss)9901€1.86M€1.34M▼
Recurring financial income75€830€285▼
Recurring financial charges65€250k€183k▼
Profit (loss) for the period before taxes9903€1.62M€1.16M▼
Income taxes67/77€566k€153k▼
Profit (loss) for the period9904€1.05M€1.00M▼
Profit (loss) for the period to be appropriated9905€1.05M€1.00M▼
Timeline · acts, filings and financial milestones
2014
30-07
State Gazette act
General meeting · Merger
Accounting effect · Name change
05-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
27-05
State Gazette act
Merger · Name change
Capital · Corporate purpose
2013
21-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
31-12
Financial
Highest result since 2009net €1.05M ▲273%
Operating result €1.86M, net result €1.05M, both a record.
31-12
Financial
Equity above €1MEq €1.59M ▲195%
4 profitable years in a row build equity to €1.59M.
19-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
31-12
Financial
Equity above €500kEq €539k ▲110%
3 profitable years in a row build equity to €539k.
07-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
31-12
Financial
Weakest financial yearnet €11k ▼98.3%
Net result drops to €11k, the lowest in the series.
04-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
03-06
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
26-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:CORES HOLDING