Summary
DE WITTE has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2012 annual accounts show equity of €151,192 and a net result of €19,208. Equity is shrinking by about 6.1% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.5% (very low).
Financials · financial year 2012, abbreviated format
Equity
€151,192▲ 14.6%
2011 · €131,984
Total assets
€637,078▼ 0.7%
2011 · €641,621
Net result
€19,208▲ 73.9%
2011 · €11,046
Working capital
€79,539▲ 44.9%
2011 · €54,879
Trend over the years
2008 to 2012, 5 financial years 2008 to 2012, 5 financial years
After the dip in 2010 the operating result has climbed two years in a row; 2012 is 30% above 2011 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€47,904
2012
Net result€19,208
2012
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€637,078
2012
Equity€151,192
2012
Debt€381,202
2012
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€79,539
2012
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Operating result€38,172-€20,133▼ 47.3%€2,248▼ 88.8%€36,709▲ 16×€47,904▲ 30.5%
Net result€11,775--€1,813-€18,956▼ 946%€11,046€19,208▲ 73.9%
Equity€183,800-€181,988▼ 1.0%€120,938▼ 33.5%€131,984▲ 9.1%€151,192▲ 14.6%
Total assets€692,683-€648,875▼ 6.3%€636,292▼ 1.9%€641,621▲ 0.8%€637,078▼ 0.7%
Debt€469,657-€429,013▼ 8.7%€413,180▼ 3.7%€403,600▼ 2.3%€381,202▼ 5.5%
Working capital€53,040-€58,889▲ 11.0%€61,214▲ 3.9%€54,879▼ 10.3%€79,539▲ 44.9%
Staff (FTE)0.5
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €637,078
Fixed assets
€515,290 ▼ 5.7%
Current assets
€121,788 ▲ 27.8%
Equity and liabilities €637,078
Equity
€151,192 ▲ 14.6%
Provisions
€104,684 ▼ 1.3%
Debt
€381,202 ▼ 5.5%
Debt's share of the balance-sheet total falls from 62.9% to 59.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83,131▲
2011 · €71,852
Cash flow
€54,435▲
2011 · €46,189
Current ratio
2.88▲
2011 · 2.36
Debt to equity
2.24▼
2011 · 2.74
ROE
12.7%▲
2011 · 8.4%
ROA
3.0%▲
2011 · 1.7%
Debt ≤ 1 year
€42,250▲
2011 · €40,400
Debt > 1 year
€338,648▼
2011 · €361,852
Income taxes
€11,410▲
2011 · €5,671
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,954 | €26,741 | €25,644 | €35,143 | €35,227 | ▲ 0.2% |
| Gross operating margin9900 | €68,232 | €48,989 | €97,356 | €81,839 | €101,096 | ▲ 23.5% |
| Operating profit (loss)9901 | €38,172 | €20,133 | €2,248 | €36,709 | €47,904 | ▲ 30.5% |
| Recurring financial income75 | €486 | €2,399 | €890 | €843 | €1,284 | ▲ 52.3% |
| Recurring financial charges65 | €23,322 | €23,204 | €23,368 | €22,188 | €19,922 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €12,930 | -€672 | -€20,230 | €15,364 | €29,266 | ▲ 90.5% |
| Income taxes67/77 | €2,507 | €2,493 | €79 | €5,671 | €11,410 | ▲ 101% |
| Profit (loss) for the period9904 | €11,775 | -€1,813 | -€18,956 | €11,046 | €19,208 | ▲ 73.9% |
| Profit (loss) for the period to be appropriated9905 | €15,836 | €2,249 | -€14,895 | €15,108 | €23,270 | ▲ 54.0% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €692,683 | €648,875 | €636,292 | €641,621 | €637,078 | ▼ 0.7% |
| Fixed assets21/28 | €594,807 | €568,066 | €547,222 | €546,342 | €515,290 | ▼ 5.7% |
| Tangible fixed assets22/27 | €594,807 | €568,066 | €547,222 | €546,342 | €515,290 | ▼ 5.7% |
| Current assets29/58 | €97,876 | €80,809 | €89,070 | €95,279 | €121,788 | ▲ 27.8% |
| Amounts receivable within one year40/41 | €24,261 | €26,792 | €30,388 | €7,503 | €40,691 | ▲ 442% |
| Cash at bank and in hand54/58 | €73,615 | €54,017 | €58,682 | €87,776 | €81,097 | ▼ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €692,683 | €648,875 | €636,292 | €641,621 | €637,078 | ▼ 0.7% |
| Equity10/15 | €183,800 | €181,988 | €120,938 | €131,984 | €151,192 | ▲ 14.6% |
| Contributions10/11 | €28,485 | €28,485 | €28,485 | €28,485 | €28,485 | = |
| Reserves13 | €122,502 | €118,441 | €114,379 | €111,073 | €107,925 | ▼ 2.8% |
| Profit (loss) carried forward14 | -€9,281 | -€7,032 | -€21,927 | -€7,575 | €14,782 | - |
| Provisions and deferred taxes16 | €39,226 | €37,873 | €102,174 | €106,037 | €104,684 | ▼ 1.3% |
| Amounts payable17/49 | €469,657 | €429,013 | €413,180 | €403,600 | €381,202 | ▼ 5.5% |
| Amounts payable after more than one year17 | €424,735 | €407,094 | €384,067 | €361,852 | €338,648 | ▼ 6.4% |
| Amounts payable within one year42/48 | €44,836 | €21,919 | €27,856 | €40,400 | €42,250 | ▲ 4.6% |
| Trade debts44 | €9,152 | €82 | €2,105 | €10,835 | €4,901 | ▼ 54.8% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,775 | -€1,813 | -€18,956 | €11,046 | €19,208 | ▲ 73.9% |
| + Depreciation and write-downs630 | €26,954 | €26,741 | €25,644 | €35,143 | €35,227 | ▲ 0.2% |
| Operating cash flow (approximation) | €38,729 | €24,929 | €6,687 | €46,189 | €54,435 | ▲ 17.9% |
| Investment in fixed assets (approximation) | - | €0 | -€4,800 | -€34,263 | -€4,175 | ▲ 87.8% |
| Change in cash | - | -€19,598 | €4,664 | €29,094 | -€6,678 | - |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2012 | abbreviated format | 31-01-2013 | 2013-02600285 |
| 30-06-2011 | abbreviated format | 26-01-2012 | 2012-02000033 |
| 30-06-2010 | abbreviated format | 14-02-2011 | 2011-03200178 |
| 30-06-2009 | abbreviated format | 12-02-2010 | 2010-04500083 |
| 30-06-2008 | abbreviated format | 04-02-2009 | 2009-03500363 |
| 30-06-2007 | abbreviated format | 20-12-2007 | 2007-84300205 |
| 30-06-2006 | abbreviated format | 15-12-2006 | 2006-91203206 |
| 30-06-2005 | abbreviated format | 30-12-2005 | 2005-92801426 |
| 30-09-2003 | abbreviated format | 23-03-2004 | 2004-08303752 |
| 30-09-2002 | abbreviated format | 12-03-2003 | 2003-07003863 |
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Of the 9,793 active companies whose main activity is advertising agencies (NACE 73110), figures are known for 3,775. 2,936 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.