D2000

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Financials · financial year 2012, full format

Annual accounts 2012 filed on 31-12-2012 PDF all 8 filings

Turnover

€11.8m▼ 22.4%

2011 · €15.2m

EBIT margin

1.9%▼ 4.0pp

2011 · 6.0%

Net result

€74,782▼ 85.9%

2011 · €528,672

Working capital

€256,843▲ 5.5%

2011 · €243,372

Multi-year overview

2008 to 2012, 5 financial years

Turnover

€11.8m

▼ 22.4% 2012

20082012

Operating result

€225,748

▼ 75.1% 2012

20082012

Net result

€74,782

▼ 85.9% 2012

20082012

EBIT margin

1.9%

▼ 4.0pp 2012

20082012

Equity

€1.6m

▲ 4.8% 2012

20082012

Total assets

€5.2m

▲ 2.3% 2012

20082012

Debt

€3.5m

▲ 1.2% 2012

20082012

Working capital

€256,843

▲ 5.5% 2012

20082012

Staff (FTE)

▼ 11.1% 2012

20082012

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line20082009201020112012

Turnover€14.3m-€14.2m▼ 0.8%€12.8m▼ 10.0%€15.2m▲ 19.1%€11.8m▼ 22.4%

Operating result€0.1m--€0.009m€0.3m€0.9m▲ 259%€0.2m▼ 75.1%

Net result-€0.07m--€0.2m▼ 139%€0.1m€0.5m▲ 311%€0.07m▼ 85.9%

EBIT margin1.0%--0.1%▼ 1.0pp2.0%▲ 2.0pp6.0%▲ 4.0pp1.9%▼ 4.0pp

Equity€1.3m-€1.1m▼ 12.6%€1.2m▲ 11.6%€1.6m▲ 26.5%€1.6m▲ 4.8%

Total assets€5.5m-€5.0m▼ 9.3%€5.2m▲ 5.0%€5.0m▼ 3.4%€5.2m▲ 2.3%

Debt€4.2m-€3.9m▼ 8.3%€4.0m▲ 3.1%€3.5m▼ 12.6%€3.5m▲ 1.2%

Working capital€0.5m-€0.1m▼ 79.3%-€0.07m€0.2m€0.3m▲ 5.5%

Staff (FTE)9.4-9.4=9.6▲ 2.1%9▼ 6.3%8▼ 11.1%

The operating result for 2012 is 75% lower than in 2011 and the lowest since 2009.

Large changes and their cause

2012 Net result -86% on 2011. This financial year ran 9 months, the previous one 12.

Balance-sheet composition

2012 in colour, 2011 as the grey bar beneath

Assets €5.2m

39.1%

60.9%

Fixed assets €2.0m ▼ 2.5%

Current assets €3.1m ▲ 5.7%

Equity and liabilities €5.2m

31.9%

68.1%

Equity €1.6m ▲ 4.8%

Debt €3.5m ▲ 1.2%

Debt's share of the balance-sheet total falls from 68.8% to 68.1%. Equity and debt are higher.

Key figures and ratios

2012 value · change against 2011

EBITDA

€414,694▼

2011 · €1.2m

Cash flow

€263,728▼

2011 · €782,406

Current ratio

1.09=

2011 · 1.09

Quick ratio

0.88▼

2011 · 0.94

Debt to equity

0.38▼

2011 · 0.46

ROE

4.5%▼

2011 · 33.7%

ROA

1.5%▼

2011 · 10.5%

Interest coverage

7.43▼

2011 · 9.78

Debt ≤ 1 year

€2.9m▲

2011 · €2.7m

Debt > 1 year

€627,756▼

2011 · €729,469

Income taxes

€12,431▼

2011 · €151,982

Customer credit

76 days▲

2011 · 61 days

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2012 against 2011 · 28 lines

Balance sheet Code20112012

Assets

Total assets20/58€5.0m€5.2m▲

Fixed assets21/28€2.1m€2.0m▼

Intangible fixed assets21€0.09m€0.07m▼

Tangible fixed assets22/27€2.0m€1.9m▼

Current assets29/58€3.0m€3.1m▲

Stocks and contracts in progress3€0.4m€0.6m▲

Amounts receivable within one year40/41€2.5m€2.5m▼

Cash at bank and in hand54/58€0.01m€0.02m▲

Equity and liabilities

Total equity and liabilities10/49€5.0m€5.2m▲

Equity10/15€1.6m€1.6m▲

Contributions10/11€1.3m€1.3m=

Reserves13€0.03m€0.04m▲

Profit (loss) carried forward14€0.3m€0.4m▲

Amounts payable17/49€3.5m€3.5m▲

Amounts payable after more than one year17€0.7m€0.6m▼

Amounts payable within one year42/48€2.7m€2.9m▲

Trade debts44€1.0m€1.4m▲

Income statement Code20112012

Turnover70€15.2m€11.8m▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.2m▼

Operating profit (loss)9901€0.9m€0.2m▼

Recurring financial income75€0.02m€0.02m▼

Recurring financial charges65€0.1m€0.07m▼

Debt charges650€0.1m€0.06m▼

Profit (loss) for the period before taxes9903€0.7m€0.09m▼

Income taxes67/77€0.2m€0.01m▼

Profit (loss) for the period9904€0.5m€0.07m▼

Profit (loss) for the period to be appropriated9905€0.5m€0.07m▼

Appropriation of the result

Return on contributions (dividend)694€0.2m-

Source: Annual accounts 2012 (PDF), filed on 31-12-2012.

Line	2008	2009	2010	2011	2012	Change
Turnover70	€14.3m	€14.2m	€12.8m	€15.2m	€11.8m	▼ 22.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.3m	€0.2m	€0.3m	€0.3m	€0.2m	▼ 25.5%
Operating profit (loss)9901	€0.1m	-€0.009m	€0.3m	€0.9m	€0.2m	▼ 75.1%
Recurring financial income75	€0.01m	€0.02m	€0.02m	€0.02m	€0.02m	▼ 24.3%
Recurring financial charges65	€0.2m	€0.2m	€0.1m	€0.1m	€0.07m	▼ 49.4%
Debt charges650	€0.1m	€0.1m	€0.1m	€0.1m	€0.06m	▼ 52.9%
Profit (loss) for the period before taxes9903	-€0.06m	-€0.2m	€0.1m	€0.7m	€0.09m	▼ 87.2%
Income taxes67/77	€0.005m	€1	€19	€0.2m	€0.01m	▼ 91.8%
Profit (loss) for the period9904	-€0.07m	-€0.2m	€0.1m	€0.5m	€0.07m	▼ 85.9%
Profit (loss) for the period to be appropriated9905	-€0.07m	-€0.2m	€0.1m	€0.5m	€0.07m	▼ 85.9%

Line	2008	2009	2010	2011	2012	Change
Assets
Total assets20/58	€5.5m	€5.0m	€5.2m	€5.0m	€5.2m	▲ 2.3%
Fixed assets21/28	€2.3m	€2.3m	€2.3m	€2.1m	€2.0m	▼ 2.5%
Intangible fixed assets21	€0.06m	€0.1m	€0.1m	€0.09m	€0.07m	▼ 15.3%
Tangible fixed assets22/27	€2.2m	€2.1m	€2.2m	€2.0m	€1.9m	▼ 1.9%
Current assets29/58	€3.2m	€2.7m	€3.0m	€3.0m	€3.1m	▲ 5.7%
Stocks and contracts in progress3	€0.5m	€0.4m	€0.4m	€0.4m	€0.6m	▲ 53.7%
Amounts receivable within one year40/41	€2.6m	€2.3m	€2.5m	€2.5m	€2.5m	▼ 2.9%
Cash at bank and in hand54/58	€0.01m	€0.01m	€0.01m	€0.01m	€0.02m	▲ 82.2%
Equity and liabilities
Total equity and liabilities10/49	€5.5m	€5.0m	€5.2m	€5.0m	€5.2m	▲ 2.3%
Equity10/15	€1.3m	€1.1m	€1.2m	€1.6m	€1.6m	▲ 4.8%
Contributions10/11	€1.3m	€1.3m	€1.3m	€1.3m	€1.3m	=
Reserves13	€0.006m	€0.006m	€0.006m	€0.03m	€0.04m	▲ 11.7%
Profit (loss) carried forward14	€0.02m	-€0.1m	-€0.01m	€0.3m	€0.4m	▲ 24.6%
Provisions and deferred taxes16	€0.003m	€0.003m	€0.003m	-	-	-
Amounts payable17/49	€4.2m	€3.9m	€4.0m	€3.5m	€3.5m	▲ 1.2%
Amounts payable after more than one year17	€1.5m	€1.2m	€0.9m	€0.7m	€0.6m	▼ 13.9%
Amounts payable within one year42/48	€2.7m	€2.6m	€3.0m	€2.7m	€2.9m	▲ 5.7%
Trade debts44	€1.1m	€1.0m	€1.4m	€1.0m	€1.4m	▲ 40.8%

Line	2008	2009	2010	2011	2012	Change
Profit (loss) for the period9904	-€66,965	-€160,308	€128,751	€528,672	€74,782	▼ 85.9%
+ Depreciation and write-downs630	€340,964	€180,525	€253,899	€253,734	€188,946	▼ 25.5%
Operating cash flow (approximation)	€273,999	€20,217	€382,650	€782,406	€263,728	▼ 66.3%
Investment in fixed assets (approximation)	-	-€124,308	-€259,299	-€67,298	-€137,028	▼ 104%
Change in cash	-	-€3,383	€1,946	-€2,593	€8,905	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (8)

Financial year	Type	Filed	Reference	Document
30-06-2012	full format	31-12-2012	2012-68500542	PDF
30-09-2011	full format	26-04-2012	2012-09700570	PDF
30-09-2010	full format	23-05-2011	2011-12100403	PDF
30-09-2009	full format	19-01-2010	2010-01800019	PDF
30-09-2008	full format	28-01-2009	2009-02500120	PDF
30-09-2007	full format	08-02-2008	2008-04100129	PDF
30-09-2006	full format	22-01-2007	2007-02503871	PDF
30-09-2005	full format	16-02-2006	2006-05104859	PDF