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Open bankruptcyFinancials · financial year 2009, full format
Annual accounts 2009 filed on 28-02-2011 PDF all 6 filings
Turnover
€202,073▲ 75.5%
2008 · €115,164
EBIT margin
23.0%▼ 1.7pp
2008 · 24.6%
Net result
€31,387▲ 10.6%
2008 · €28,380
Working capital
€20,825▲ 93.5%
2008 · €10,763
Trend over the years
2006 to 2009, 4 financial years 2006 to 2009, 4 financial years
The operating result for 2009 is 64% higher than in 2008 and the highest since 2006. It is the second rise in a row, after the fall in 2007.
Turnover€202,073
2009
Operating result€46,456
2009
Net result€31,387
2009
Total assets€114,491
2009
Equity€45,390
2009
Debt€69,100
2009
Working capital€20,825
2009
EBIT margin23.0%
2009
Staff (FTE)0.3
2009
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2006200720082009
Turnover€98,471-€98,324▼ 0.1%€115,164▲ 17.1%€202,073▲ 75.5%
Operating result-€14,929--€51,407▼ 244%€28,380€46,456▲ 63.7%
Net result-€7,536--€33,164▼ 340%€28,380€31,387▲ 10.6%
EBIT margin-15.2%--52.3%▼ 37.1pp24.6%▲ 76.9pp23.0%▼ 1.7pp
Equity€6,388--€14,376€14,004€45,390▲ 224%
Total assets€60,541-€40,799▼ 32.6%€29,588▼ 27.5%€114,491▲ 287%
Debt€54,153-€55,175▲ 1.9%€15,584▼ 71.8%€69,100▲ 343%
Working capital-€316--€15,747▼ 4,883%€10,763€20,825▲ 93.5%
Staff (FTE)1.6-0.4▼ 75.0%0.1▼ 75.0%0.3▲ 200%
Balance-sheet composition
2009 in colour, 2008 as the grey bar beneath
Assets €114,491
Fixed assets
€24,565 ▲ 658%
Current assets
€89,926 ▲ 241%
Equity and liabilities €114,491
Equity
€45,390 ▲ 224%
Debt
€69,100 ▲ 343%
Debt's share of the balance-sheet total rises from 52.7% to 60.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,856▲
2008 · €28,780
Cash flow
€31,787▲
2008 · €28,780
Current ratio
1.30▼
2008 · 1.69
ROE
69.1%▼
2008 · 202.7%
ROA
27.4%▼
2008 · 95.9%
Debt ≤ 1 year
€69,100▲
2008 · €15,584
Income taxes
€17,528
Customer credit
148 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Turnover70 | €98,471 | €98,324 | €115,164 | €202,073 | ▲ 75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,667 | - | €400 | €400 | = |
| Gross operating margin9900 | €25,781 | -€28,907 | €33,085 | €56,087 | ▲ 69.5% |
| Operating profit (loss)9901 | -€14,929 | -€51,407 | €28,380 | €46,456 | ▲ 63.7% |
| Recurring financial income75 | - | - | - | €4,206 | - |
| Recurring financial charges65 | €1,123 | €5,578 | - | €1,747 | - |
| Profit (loss) for the period before taxes9903 | -€6,052 | -€21,417 | €28,380 | €48,915 | ▲ 72.4% |
| Income taxes67/77 | €1,484 | €11,747 | - | €17,528 | - |
| Profit (loss) for the period9904 | -€7,536 | -€33,164 | €28,380 | €31,387 | ▲ 10.6% |
| Profit (loss) for the period to be appropriated9905 | -€7,536 | -€33,164 | €28,380 | €31,387 | ▲ 10.6% |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €60,541 | €40,799 | €29,588 | €114,491 | ▲ 287% |
| Fixed assets21/28 | €6,704 | €1,371 | €3,241 | €24,565 | ▲ 658% |
| Tangible fixed assets22/27 | €5,333 | - | €1,600 | €1,200 | ▼ 25.0% |
| Financial fixed assets28 | €1,371 | €1,371 | €1,641 | €23,365 | ▲ 14× |
| Current assets29/58 | €53,837 | €39,428 | €26,347 | €89,926 | ▲ 241% |
| Amounts receivable within one year40/41 | €23,790 | €30,675 | - | €81,902 | - |
| Cash at bank and in hand54/58 | €7,165 | €8,753 | €26,347 | €7,784 | ▼ 70.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €60,541 | €40,799 | €29,588 | €114,491 | ▲ 287% |
| Equity10/15 | €6,388 | -€14,376 | €14,004 | €45,390 | ▲ 224% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,946 | €5,946 | €5,946 | €7,260 | ▲ 22.1% |
| Profit (loss) carried forward14 | -€5,758 | -€38,922 | -€10,542 | €19,530 | - |
| Amounts payable17/49 | €54,153 | €55,175 | €15,584 | €69,100 | ▲ 343% |
| Amounts payable within one year42/48 | €54,153 | €55,175 | €15,584 | €69,100 | ▲ 343% |
| Trade debts44 | €22,497 | €17,168 | - | €4,835 | - |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,536 | -€33,164 | €28,380 | €31,387 | ▲ 10.6% |
| + Depreciation and write-downs630 | €2,667 | - | €400 | €400 | = |
| Operating cash flow (approximation) | -€4,869 | -€33,164 | €28,780 | €31,787 | ▲ 10.4% |
| Investment in fixed assets (approximation) | - | €5,333 | -€2,270 | -€21,724 | ▼ 857% |
| Change in cash | - | €1,588 | €17,594 | -€18,563 | - |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2009 | full format | 28-02-2011 | 2011-04800500 | |
| 31-12-2008 | full format | 16-11-2009 | 2009-85400388 | |
| 31-12-2007 | full format | 10-11-2009 | 2009-85300150 | |
| 31-12-2006 | full format | 10-11-2009 | 2009-85300149 | |
| 31-12-2005 | full format | 09-06-2006 | 2006-22100947 | |
| 31-12-2004 | full format | 09-06-2006 | 2006-22100974 |