CORTEX
InactiveFinancials · financial year 2013, abbreviated format
Equity
-€26,422
2012 · €456
Total assets
€150▼ 99.4%
2012 · €26,124
Net result
-€26,878▼ 329%
2012 · -€6,264
Working capital
-€26,422▼ 1,033%
2012 · -€2,332
Trend over the years
2009 to 2013, 5 financial years 2009 to 2013, 5 financial years
The operating result stays negative: a loss of €26,720 in 2013 against €6,165 in 2012; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€26,720
2013
Net result-€26,878
2013
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€150
2013
Equity-€26,422
2013
Debt€26,572
2013
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€26,422
2013
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20092010201120122013
Operating result-€48,129--€9,325▲ 80.6%-€28,782▼ 209%-€6,165▲ 78.6%-€26,720▼ 333%
Net result-€53,165--€10,263▲ 80.7%-€55,909▼ 445%-€6,264▲ 88.8%-€26,878▼ 329%
Equity-€88,017--€98,280▼ 11.7%€6,720€456▼ 93.2%-€26,422
Total assets€97,197-€87,694▼ 9.8%€30,657▼ 65.0%€26,124▼ 14.8%€150▼ 99.4%
Debt€185,214-€185,974▲ 0.4%€23,937▼ 87.1%€25,668▲ 7.2%€26,572▲ 3.5%
Working capital-€128,856--€137,088▼ 6.4%€1,143-€2,332-€26,422▼ 1,033%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Key figures and ratios
EBITDA
-€23,932▼
2012 · -€3,376
Cash flow
-€24,090▼
2012 · -€3,475
Debt ≤ 1 year
€26,572▲
2012 · €25,668
Ratios withheld: a balance sheet total of €150 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,436 | €9,409 | €2,788 | €2,788 | €2,788 | = |
| Gross operating margin9900 | -€6,565 | €200 | -€2,596 | -€3,376 | -€597 | ▲ 82.3% |
| Operating profit (loss)9901 | -€48,129 | -€9,325 | -€28,782 | -€6,165 | -€26,720 | ▼ 333% |
| Recurring financial income75 | €8 | - | - | - | - | - |
| Recurring financial charges65 | €5,083 | €958 | €184 | €99 | €158 | ▲ 59.6% |
| Profit (loss) for the period before taxes9903 | -€53,185 | -€10,263 | -€55,909 | -€6,264 | -€26,878 | ▼ 329% |
| Income taxes67/77 | -€20 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€53,165 | -€10,263 | -€55,909 | -€6,264 | -€26,878 | ▼ 329% |
| Profit (loss) for the period to be appropriated9905 | -€53,165 | -€10,263 | -€55,909 | -€6,264 | -€26,878 | ▼ 329% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97,197 | €87,694 | €30,657 | €26,124 | €150 | ▼ 99.4% |
| Fixed assets21/28 | €48,217 | €38,808 | €5,577 | €2,788 | - | - |
| Tangible fixed assets22/27 | €48,217 | €38,808 | €5,577 | €2,788 | - | - |
| Current assets29/58 | €48,979 | €48,886 | €25,080 | €23,335 | €150 | ▼ 99.4% |
| Stocks and contracts in progress3 | €46,671 | €46,671 | €23,335 | €23,335 | - | - |
| Amounts receivable within one year40/41 | - | €65 | - | - | - | - |
| Current investments50/53 | - | €82 | - | - | - | - |
| Cash at bank and in hand54/58 | €2,308 | €2,068 | €1,744 | - | €150 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97,197 | €87,694 | €30,657 | €26,124 | €150 | ▼ 99.4% |
| Equity10/15 | -€88,017 | -€98,280 | €6,720 | €456 | -€26,422 | - |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €22,821 | €22,821 | €22,821 | €22,821 | €22,821 | = |
| Profit (loss) carried forward14 | -€172,839 | -€183,101 | -€78,101 | -€84,365 | -€111,243 | ▼ 31.9% |
| Amounts payable17/49 | €185,214 | €185,974 | €23,937 | €25,668 | €26,572 | ▲ 3.5% |
| Amounts payable after more than one year17 | €7,379 | - | - | - | - | - |
| Amounts payable within one year42/48 | €177,835 | €185,974 | €23,937 | €25,668 | €26,572 | ▲ 3.5% |
| Trade debts44 | €917 | €364 | €783 | €2,441 | - | - |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€53,165 | -€10,263 | -€55,909 | -€6,264 | -€26,878 | ▼ 329% |
| + Depreciation and write-downs630 | €9,436 | €9,409 | €2,788 | €2,788 | €2,788 | = |
| Operating cash flow (approximation) | -€43,729 | -€854 | -€53,120 | -€3,475 | -€24,090 | ▼ 593% |
| Investment in fixed assets (approximation) | - | €0 | €30,443 | €0 | - | - |
| Change in cash | - | -€241 | -€323 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2013 | abbreviated format | 17-06-2014 | 2014-18500195 |
| 31-12-2012 | abbreviated format | 23-07-2013 | 2013-36200215 |
| 31-12-2011 | abbreviated format | 02-08-2012 | 2012-38000387 |
| 31-12-2010 | abbreviated format | 26-08-2011 | 2011-46400108 |
| 31-12-2009 | abbreviated format | 27-07-2010 | 2010-36100567 |
| 31-12-2008 | abbreviated format | 27-08-2009 | 2009-64700073 |
| 31-12-2007 | abbreviated format | 12-09-2008 | 2008-73100295 |
| 31-12-2006 | abbreviated format | 22-08-2007 | 2007-60500125 |
| 31-12-2005 | abbreviated format | 01-08-2006 | 2006-59500689 |
| 31-12-2004 | abbreviated format | 29-07-2005 | 2005-61003853 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.