DEVILCA BELGIUM
Bankruptcy closedFinancials · financial year 2012, full format
Annual accounts 2012 filed on 16-08-2013 PDF all 18 filings
Turnover
€7.0m▼ 14.3%
2011 · €8.2m
EBIT margin
-12.3%▼ 12.5pp
2011 · 0.2%
Net result
-€1.1m▼ 1,431%
2011 · -€71,177
Working capital
-€396,442
2011 · €1.2m
Multi-year overview
2008 to 2012, 5 financial yearsTurnover
€7.0m
▼ 14.3%
2012
20082012
Operating result
-€868,859
2012
20082012
Net result
-€1.1m
▼ 1,431%
2012
20082012
EBIT margin
-12.3%
▼ 12.5pp
2012
20082012
Equity
€421,242
▼ 72.1%
2012
20082012
Total assets
€3.7m
▼ 31.4%
2012
20082012
Debt
€3.2m
▼ 7.4%
2012
20082012
Working capital
-€396,442
2012
20082012
Staff (FTE)
71.8
▼ 2.7%
2012
20082012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Turnover€15.1m-€3.5m▼ 76.8%€5.1m▲ 47.2%€8.2m▲ 60.0%€7.0m▼ 14.3%
Operating result-€1.0m--€0.8m▲ 16.9%-€1.0m▼ 17.3%€0.01m-€0.9m
Net result-€0.02m--€0.7m▼ 4,637%-€1.1m▼ 50.1%-€0.07m▲ 93.4%-€1.1m▼ 1,431%
EBIT margin-6.7%--23.9%▼ 17.3pp-19.1%▲ 4.9pp0.2%▲ 19.3pp-12.3%▼ 12.5pp
Equity€1.2m-€0.9m▼ 27.0%-€0.2m€1.5m€0.4m▼ 72.1%
Total assets€4.3m-€3.1m▼ 28.1%€2.6m▼ 16.0%€5.3m▲ 105%€3.7m▼ 31.4%
Debt€2.6m-€1.7m▼ 34.6%€2.5m▲ 47.1%€3.5m▲ 40.6%€3.2m▼ 7.4%
Working capital€1.6m-€1.2m▼ 20.3%€1.3m▲ 3.0%€1.2m▼ 5.4%-€0.4m
Staff (FTE)80.3-74.3▼ 7.5%71.1▼ 4.3%73.8▲ 3.8%71.8▼ 2.7%
The operating result for 2012 is a loss of €868,859, after a profit of €14,451 in 2011.
Large changes and their cause
- 2009 Turnover -77%, Net result -4,637% on 2008. The previous financial year ran 18 months, this one 12.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €3.7m
Fixed assets
€2.0m ▲ 4.7%
Current assets
€1.7m ▼ 51.7%
Equity and liabilities €3.7m
Equity
€421,242 ▼ 72.1%
Provisions
€5,585 ▼ 98.3%
Debt
€3.2m ▼ 7.4%
Debt's share of the balance-sheet total rises from 65.5% to 88.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€696,693▼
2011 · €108,478
Cash flow
-€917,782▼
2011 · €22,850
Current ratio
0.81▼
2011 · 1.55
Quick ratio
0.11▼
2011 · 0.59
Debt to equity
2.81▲
2011 · 0.85
ROE
-258.7%▼
2011 · -4.7%
ROA
-29.8%▼
2011 · -1.3%
Interest coverage
-91.84▼
2011 · 1.37
Debt ≤ 1 year
€2.0m▼
2011 · €2.2m
Debt > 1 year
€1.2m▼
2011 · €1.3m
Income taxes
€184,992
Customer credit
9 days▼
2011 · 44 days
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €15.1m | €3.5m | €5.1m | €8.2m | €7.0m | ▼ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.2m | €0.2m | €0.09m | €0.2m | ▲ 83.1% |
| Operating profit (loss)9901 | -€1.0m | -€0.8m | -€1.0m | €0.01m | -€0.9m | - |
| Recurring financial income75 | €0.02m | €0.008m | €0.01m | €0.02m | €0.01m | ▼ 22.8% |
| Recurring financial charges65 | €0.1m | €0.06m | €0.09m | €0.1m | €0.03m | ▼ 69.3% |
| Debt charges650 | €0.09m | €0.06m | €0.08m | €0.08m | €0.008m | ▼ 90.4% |
| Profit (loss) for the period before taxes9903 | €0.04m | -€0.7m | -€1.1m | -€0.07m | -€0.9m | ▼ 1,171% |
| Income taxes67/77 | €0.05m | - | €0.006m | - | €0.2m | - |
| Profit (loss) for the period9904 | -€0.02m | -€0.7m | -€1.1m | -€0.07m | -€1.1m | ▼ 1,431% |
| Profit (loss) for the period to be appropriated9905 | -€0.02m | -€0.7m | -€1.1m | -€0.07m | -€1.1m | ▼ 1,431% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €3.1m | €2.6m | €5.3m | €3.7m | ▼ 31.4% |
| Fixed assets21/28 | €0.5m | €0.3m | €0.1m | €1.9m | €2.0m | ▲ 4.7% |
| Tangible fixed assets22/27 | €0.5m | €0.3m | €0.1m | €1.9m | €2.0m | ▲ 4.7% |
| Financial fixed assets28 | - | - | - | €0.001m | €0.001m | = |
| Current assets29/58 | €3.9m | €2.8m | €2.5m | €3.4m | €1.7m | ▼ 51.7% |
| Stocks and contracts in progress3 | €2.1m | €1.8m | €1.5m | €2.1m | €1.4m | ▼ 32.4% |
| Amounts receivable within one year40/41 | €1.4m | €0.9m | €0.8m | €1.0m | €0.2m | ▼ 81.9% |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.09m | €0.09m | €0.04m | ▼ 56.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €3.1m | €2.6m | €5.3m | €3.7m | ▼ 31.4% |
| Equity10/15 | €1.2m | €0.9m | -€0.2m | €1.5m | €0.4m | ▼ 72.1% |
| Contributions10/11 | €0.5m | €0.9m | €0.9m | €2.7m | €2.7m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €0.1m | -€0.6m | -€1.7m | -€1.7m | -€2.8m | ▼ 63.3% |
| Provisions and deferred taxes16 | €0.5m | €0.5m | €0.3m | €0.3m | €0.006m | ▼ 98.3% |
| Amounts payable17/49 | €2.6m | €1.7m | €2.5m | €3.5m | €3.2m | ▼ 7.4% |
| Amounts payable after more than one year17 | €0.3m | €0.05m | €1.3m | €1.3m | €1.2m | ▼ 8.1% |
| Amounts payable within one year42/48 | €2.3m | €1.6m | €1.2m | €2.2m | €2.0m | ▼ 7.1% |
| Trade debts44 | €1.4m | €0.4m | €0.8m | €1.1m | €0.8m | ▼ 25.3% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.02m | -€0.7m | -€1.1m | -€0.07m | -€1.1m | ▼ 1,431% |
| + Depreciation and write-downs630 | €0.4m | €0.2m | €0.2m | €0.09m | €0.2m | ▲ 83.1% |
| Operating cash flow (approximation) | €0.4m | -€0.5m | -€0.9m | €0.02m | -€0.9m | - |
| Investment in fixed assets (approximation) | - | -€0.02m | -€0.05m | -€1.9m | -€0.3m | ▲ 86.2% |
| Change in cash | - | -€0.2m | -€0.04m | €0.007m | -€0.05m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2012 | full format | 16-08-2013 | 2013-42300322 | |
| 31-12-2011 | full format | 24-07-2012 | 2012-32500068 | |
| 31-12-2010 | full format | 30-06-2011 | 2011-21800309 | |
| 31-12-2009 | full format | 12-08-2010 | 2010-40100436 | |
| 31-12-2008 | full format | 18-08-2009 | 2009-58500387 | |
| 30-06-2007 | full format | 28-12-2007 | 2007-84900239 | |
| 30-06-2006 | full format | 29-01-2007 | 2007-03104347 | |
| 30-06-2005 | full format | 31-01-2006 | 2006-04100837 | |
| 30-06-2004 | full format | 25-01-2005 | 2005-02702470 | |
| 30-06-2003 | full format | 11-08-2004 | 2004-59402406 |