DEMASSOR

Active

Coöperatieve vennootschap met onbeperkte aansprakelijkheidfounded 2007active for 19 yearsBrigade Pironlaan 84, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0887.848.621

Summary

The computed 12-month bankruptcy probability of DEMASSOR is 8.4% (elevated). The 2008 annual accounts show equity of €14,466 and a net result of €8,293. The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.

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DEMASSORActive

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Financials · financial year 2008, full format

Turnover

≈ €130,000

Estimated: probably between €88,000 and €280,000

EBIT margin

Not included in this filing

Net result

€8,293▲ 120%

2007 · €3,773

Working capital

€19,134▲ 210%

2007 · €6,173

Trend over the years

2007 to 2008, 2 financial years

The operating result rises in 2008; 2008 is 100% above 2007.

Turnover and resultEquity and debtWorking capital

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€9,575 2008 Net result€8,293 2008

Every figure with its change against the financial year before

favourable unfavourable

Line20072008

Operating result€4,800-€9,575▲ 99.5%

Net result€3,773-€8,293▲ 120%

Equity€6,173-€14,466▲ 134%

Total assets€30,768-€58,968▲ 91.7%

Debt€24,595-€44,502▲ 80.9%

Working capital€6,173-€19,134▲ 210%

The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2008 in colour, 2007 as the grey bar beneath

Assets €58,968

28.9%

71.1%

Fixed assets €17,019 ▼ 2.3%

Current assets €41,949 ▲ 214%

Equity and liabilities €58,968

24.5%

75.5%

Equity €14,466 ▲ 134%

Debt €44,502 ▲ 80.9%

Debt's share of the balance-sheet total falls from 79.9% to 75.5%. Equity and debt are higher.

Key figures and ratios

2008 value · change against 2007

EBITDA

€15,908▲

2007 · €9,153

Cash flow

€14,626▲

2007 · €8,126

Current ratio

1.84▼

2007 · 1.86

Debt to equity

1.50▼

2007 · 2.82

ROE

57.3%▼

2007 · 61.1%

ROA

14.1%▲

2007 · 12.3%

Debt ≤ 1 year

€22,815▲

2007 · €7,182

Debt > 1 year

€21,687▲

2007 · €17,413

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

Filed annual accounts As filed with the NBB · 2008 against 2007 · 22 lines

Balance sheet Code20072008

Assets

Total assets20/58€30,768€58,968▲

Fixed assets21/28€17,413€17,019▼

Tangible fixed assets22/27€17,413€17,019▼

Current assets29/58€13,355€41,949▲

Amounts receivable within one year40/41€13,203€41,797▲

Cash at bank and in hand54/58€152€152=

Equity and liabilities

Total equity and liabilities10/49€30,768€58,968▲

Equity10/15€6,173€14,466▲

Contributions10/11€2,400€2,400=

Reserves13€240€240=

Profit (loss) carried forward14€3,533€11,826▲

Amounts payable17/49€24,595€44,502▲

Amounts payable after more than one year17€17,413€21,687▲

Amounts payable within one year42/48€7,182€22,815▲

Trade debts44€4,792€17,669▲

Income statement Code20072008

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,353€6,333▲

Gross operating margin9900€9,153€16,256▲

Operating profit (loss)9901€4,800€9,575▲

Recurring financial charges65€1,027€1,282▲

Profit (loss) for the period before taxes9903€3,773€8,293▲

Profit (loss) for the period9904€3,773€8,293▲

Profit (loss) for the period to be appropriated9905€3,773€8,293▲

Line	2007	2008	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€4,353	€6,333	▲ 45.5%
Gross operating margin9900	€9,153	€16,256	▲ 77.6%
Operating profit (loss)9901	€4,800	€9,575	▲ 99.5%
Recurring financial charges65	€1,027	€1,282	▲ 24.9%
Profit (loss) for the period before taxes9903	€3,773	€8,293	▲ 120%
Profit (loss) for the period9904	€3,773	€8,293	▲ 120%
Profit (loss) for the period to be appropriated9905	€3,773	€8,293	▲ 120%

Line	2007	2008	Change
Assets
Total assets20/58	€30,768	€58,968	▲ 91.7%
Fixed assets21/28	€17,413	€17,019	▼ 2.3%
Tangible fixed assets22/27	€17,413	€17,019	▼ 2.3%
Current assets29/58	€13,355	€41,949	▲ 214%
Amounts receivable within one year40/41	€13,203	€41,797	▲ 217%
Cash at bank and in hand54/58	€152	€152	=
Equity and liabilities
Total equity and liabilities10/49	€30,768	€58,968	▲ 91.7%
Equity10/15	€6,173	€14,466	▲ 134%
Contributions10/11	€2,400	€2,400	=
Reserves13	€240	€240	=
Profit (loss) carried forward14	€3,533	€11,826	▲ 235%
Amounts payable17/49	€24,595	€44,502	▲ 80.9%
Amounts payable after more than one year17	€17,413	€21,687	▲ 24.5%
Amounts payable within one year42/48	€7,182	€22,815	▲ 218%
Trade debts44	€4,792	€17,669	▲ 269%

Line	2007	2008	Change
Profit (loss) for the period9904	€3,773	€8,293	▲ 120%
+ Depreciation and write-downs630	€4,353	€6,333	▲ 45.5%
Operating cash flow (approximation)	€8,126	€14,626	▲ 80.0%
Investment in fixed assets (approximation)	-	-€5,938	-
Change in cash	-	€0	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (2)

Financial year	Type	Filed	Reference
31-12-2008	full format	24-06-2009	2009-32800077
31-12-2007	full format	13-06-2008	2008-22700389

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Of the 22,640 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,525. 6,645 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.