CORTEIL CONSTRUCTION
Open bankruptcyFinancials · financial year 2012, full format
Annual accounts 2012 filed on 26-07-2013 PDF all 3 filings
Turnover
≈ €280,000
Estimated: probably between €190,000 and €400,000
EBIT margin
Not included in this filing
Net result
-€37,580▼ 848%
2011 · -€3,964
Working capital
-€28,703▼ 304%
2011 · -€7,096
Multi-year overview
2010 to 2012, 3 financial yearsOperating result
-€17,699
2012
20102012
Net result
-€37,580
▼ 848%
2012
20102012
Equity
-€29,687
▼ 559%
2012
20102012
Total assets
€217,657
▼ 13.5%
2012
20102012
Debt
€247,344
▼ 3.4%
2012
20102012
Working capital
-€28,703
▼ 304%
2012
20102012
Staff (FTE)
2.4
▲ 50.0%
2012
20102012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201020112012
Operating result-€4,479-€16,506-€17,699
Net result-€6,793--€3,964▲ 41.6%-€37,580▼ 848%
Equity-€671--€4,507▼ 571%-€29,687▼ 559%
Total assets€131,635-€251,569▲ 91.1%€217,657▼ 13.5%
Debt€132,306-€256,076▲ 93.5%€247,344▼ 3.4%
Working capital-€22,639--€7,096▲ 68.7%-€28,703▼ 304%
Staff (FTE)1.1-1.6▲ 45.5%2.4▲ 50.0%
The operating result for 2012 is a loss of €17,699, after a profit of €16,506 in 2011. It is the lowest result since 2010.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €217,657
Fixed assets
€17,651 ▼ 49.2%
Current assets
€200,006 ▼ 7.8%
Equity and liabilities
Equity-€29,687
Debt€247,344
Equity is negative. Debt (€247,344) exceeds the balance-sheet total (€217,657).
Key figures and ratios
EBITDA
-€13,112▼
2011 · €38,533
Cash flow
-€32,994▼
2011 · €18,063
Solvency
-13.6%▼
2011 · -1.8%
Current ratio
0.87▼
2011 · 0.97
Quick ratio
0.84▼
2011 · 0.92
ROA
-17.3%▼
2011 · -1.6%
Debt ≤ 1 year
€228,709▲
2011 · €223,914
Debt > 1 year
€18,635▼
2011 · €32,162
Income taxes
-€182▲
2011 · -€3,203
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,404 | €22,027 | €4,586 | ▼ 79.2% |
| Gross operating margin9900 | €80,623 | €128,861 | €68,688 | ▼ 46.7% |
| Operating profit (loss)9901 | -€4,479 | €16,506 | -€17,699 | - |
| Recurring financial income75 | €49 | €2,610 | €354 | ▼ 86.4% |
| Recurring financial charges65 | €1,410 | €2,829 | €3,402 | ▲ 20.2% |
| Profit (loss) for the period before taxes9903 | -€6,043 | -€7,167 | -€37,762 | ▼ 427% |
| Income taxes67/77 | €750 | -€3,203 | -€182 | ▲ 94.3% |
| Profit (loss) for the period9904 | -€6,793 | -€3,964 | -€37,580 | ▼ 848% |
| Profit (loss) for the period to be appropriated9905 | -€6,793 | -€3,964 | -€37,580 | ▼ 848% |
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €131,635 | €251,569 | €217,657 | ▼ 13.5% |
| Fixed assets21/28 | €66,816 | €34,752 | €17,651 | ▼ 49.2% |
| Intangible fixed assets21 | €1,088 | €3,495 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €65,728 | €31,257 | €17,651 | ▼ 43.5% |
| Current assets29/58 | €64,818 | €216,818 | €200,006 | ▼ 7.8% |
| Stocks and contracts in progress3 | - | €11,839 | €8,523 | ▼ 28.0% |
| Amounts receivable within one year40/41 | €63,607 | €204,978 | €190,641 | ▼ 7.0% |
| Cash at bank and in hand54/58 | €1,211 | - | €842 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €131,635 | €251,569 | €217,657 | ▼ 13.5% |
| Equity10/15 | -€671 | -€4,507 | -€29,687 | ▼ 559% |
| Contributions10/11 | €6,071 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €50 | €50 | €50 | = |
| Profit (loss) carried forward14 | -€6,793 | -€10,757 | -€48,337 | ▼ 349% |
| Amounts payable17/49 | €132,306 | €256,076 | €247,344 | ▼ 3.4% |
| Amounts payable after more than one year17 | €44,848 | €32,162 | €18,635 | ▼ 42.1% |
| Amounts payable within one year42/48 | €87,458 | €223,914 | €228,709 | ▲ 2.1% |
| Trade debts44 | €59,018 | €176,761 | €182,496 | ▲ 3.2% |
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,793 | -€3,964 | -€37,580 | ▼ 848% |
| + Depreciation and write-downs630 | €27,404 | €22,027 | €4,586 | ▼ 79.2% |
| Operating cash flow (approximation) | €20,612 | €18,063 | -€32,994 | - |
| Investment in fixed assets (approximation) | - | €10,037 | €12,514 | ▲ 24.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.