DRYSOLUTIONS
InactiveFinancials · financial year 2013, full format
Annual accounts 2013 filed on 14-04-2014 PDF all 5 filings
Turnover
€176,897▲ 27.1%
2012 · €139,135
EBIT margin
10.7%▲ 11.0pp
2012 · -0.3%
Net result
€14,775
2012 · -€512
Working capital
€30,224▲ 90.8%
2012 · €15,838
Multi-year overview
2009 to 2013, 5 financial yearsTurnover
€176,897
▲ 27.1%
2013
20092013
Operating result
€18,879
2013
20092013
Net result
€14,775
2013
20092013
EBIT margin
10.7%
▲ 11.0pp
2013
20092013
Equity
€37,527
▲ 64.9%
2013
20092013
Total assets
€47,113
▲ 4.5%
2013
20092013
Debt
€9,586
▼ 57.1%
2013
20092013
Working capital
€30,224
▲ 90.8%
2013
20092013
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20092010201120122013
Turnover€139,135€176,897▲ 27.1%
Operating result€9,063-€12,977▲ 43.2%€8,814▼ 32.1%-€478€18,879
Net result€2,995-€5,914▲ 97.5%-€5,645-€512▲ 90.9%€14,775
EBIT margin-0.3%10.7%▲ 11.0pp
Equity€22,995-€28,909▲ 25.7%€23,264▼ 19.5%€22,752▼ 2.2%€37,527▲ 64.9%
Total assets€114,232-€99,597▼ 12.8%€51,178▼ 48.6%€45,093▼ 11.9%€47,113▲ 4.5%
Debt€91,237-€70,688▼ 22.5%€27,914▼ 60.5%€22,341▼ 20.0%€9,586▼ 57.1%
Working capital€10,856-€16,860▲ 55.3%€9,296▼ 44.9%€15,838▲ 70.4%€30,224▲ 90.8%
The operating result for 2013 is a profit of €18,879, after a loss of €478 in 2012. It is the highest result since 2009.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €47,113
Fixed assets
€7,303 ▼ 10.0%
Current assets
€39,810 ▲ 7.7%
Equity and liabilities €47,113
Equity
€37,527 ▲ 64.9%
Debt
€9,586 ▼ 57.1%
Debt's share of the balance-sheet total falls from 49.5% to 20.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,241▲
2012 · €5,376
Cash flow
€21,137▲
2012 · €5,342
Current ratio
4.15▲
2012 · 1.75
ROE
39.4%▲
2012 · -2.2%
ROA
31.4%▲
2012 · -1.1%
Debt ≤ 1 year
€9,586▼
2012 · €21,141
Income taxes
€4,556▲
2012 · -€59
Customer credit
51 days▼
2012 · 78 days
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €139,135 | €176,897 | ▲ 27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,516 | €20,548 | €7,125 | €5,853 | €6,362 | ▲ 8.7% |
| Gross operating margin9900 | €35,635 | €35,143 | €16,534 | €5,851 | - | - |
| Operating profit (loss)9901 | €9,063 | €12,977 | €8,814 | -€478 | €18,879 | - |
| Recurring financial income75 | €83 | €695 | €8 | €4 | €13 | ▲ 268% |
| Recurring financial charges65 | €5,279 | €5,046 | €4,529 | €96 | €148 | ▲ 53.7% |
| Profit (loss) for the period before taxes9903 | €3,867 | €8,626 | -€5,644 | -€570 | €19,331 | - |
| Income taxes67/77 | €872 | €2,712 | €1 | -€59 | €4,556 | - |
| Profit (loss) for the period9904 | €2,995 | €5,914 | -€5,645 | -€512 | €14,775 | - |
| Profit (loss) for the period to be appropriated9905 | €2,995 | €5,914 | -€5,645 | -€512 | €14,775 | - |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,232 | €99,597 | €51,178 | €45,093 | €47,113 | ▲ 4.5% |
| Fixed assets21/28 | €60,129 | €42,012 | €13,968 | €8,114 | €7,303 | ▼ 10.0% |
| Tangible fixed assets22/27 | €60,129 | €42,012 | €13,968 | €8,114 | €7,303 | ▼ 10.0% |
| Current assets29/58 | €54,103 | €57,585 | €37,210 | €36,979 | €39,810 | ▲ 7.7% |
| Amounts receivable within one year40/41 | €52,711 | €52,222 | €26,578 | €29,808 | €24,863 | ▼ 16.6% |
| Cash at bank and in hand54/58 | €1,392 | €5,363 | €10,632 | €7,171 | €14,947 | ▲ 108% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,232 | €99,597 | €51,178 | €45,093 | €47,113 | ▲ 4.5% |
| Equity10/15 | €22,995 | €28,909 | €23,264 | €22,752 | €37,527 | ▲ 64.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €995 | €6,909 | €1,264 | €752 | €15,527 | ▲ 21× |
| Amounts payable17/49 | €91,237 | €70,688 | €27,914 | €22,341 | €9,586 | ▼ 57.1% |
| Amounts payable after more than one year17 | €32,340 | €14,963 | - | - | - | - |
| Amounts payable within one year42/48 | €43,247 | €40,725 | €27,914 | €21,141 | €9,586 | ▼ 54.7% |
| Trade debts44 | €4,871 | €9,132 | €25,051 | €15,244 | €3,014 | ▼ 80.2% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,995 | €5,914 | -€5,645 | -€512 | €14,775 | - |
| + Depreciation and write-downs630 | €24,516 | €20,548 | €7,125 | €5,853 | €6,362 | ▲ 8.7% |
| Operating cash flow (approximation) | €27,511 | €26,462 | €1,480 | €5,342 | €21,137 | ▲ 296% |
| Investment in fixed assets (approximation) | - | -€2,431 | €20,919 | €0 | -€5,551 | - |
| Change in cash | - | €3,971 | €5,269 | -€3,461 | €7,776 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2013 | full format | 14-04-2014 | 2014-09100151 | |
| 31-12-2012 | abbreviated format | 02-07-2013 | 2013-27800151 | |
| 31-12-2011 | abbreviated format | 20-07-2012 | 2012-32100211 | |
| 31-12-2010 | abbreviated format | 20-07-2011 | 2011-31500035 | |
| 31-12-2009 | abbreviated format | 27-07-2010 | 2010-34800579 |