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Open bankruptcyFinancials · financial year 2013, full format
Turnover
€5,115▼ 94.7%
2011 · €96,369
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€1,965▲ 62.4%
2012 · -€5,231
Working capital
-€10,378▼ 4.1%
2012 · -€9,971
Trend over the years
2011 to 2013, 3 financial years
The operating result stays negative: a loss of €2,044 in 2013 against €5,523 in 2012; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€5,115
2012
Operating result-€2,044
2013
Net result-€1,965
2013
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€20,356
2013
Equity€753
2013
Debt€19,603
2013
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€10,378
2013
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201120122013
Turnover€96,369-€5,115▼ 94.7%
Operating result€2,138--€5,523-€2,044▲ 63.0%
Net result€1,750--€5,231-€1,965▲ 62.4%
Equity€7,950-€2,718▼ 65.8%€753▼ 72.3%
Total assets€26,078-€21,836▼ 16.3%€20,356▼ 6.8%
Debt€18,128-€19,118▲ 5.5%€19,603▲ 2.5%
Working capital-€6,729--€9,971▼ 48.2%-€10,378▼ 4.1%
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €20,356
Fixed assets
€11,130 ▼ 12.3%
Current assets
€9,226 ▲ 0.9%
Equity and liabilities €20,356
Equity
€753 ▼ 72.3%
Debt
€19,603 ▲ 2.5%
Debt's share of the balance-sheet total rises from 87.6% to 96.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€485▲
2012 · -€3,534
Cash flow
-€406▲
2012 · -€3,242
Current ratio
0.47▼
2012 · 0.48
ROA
-9.7%▲
2012 · -24.0%
Debt ≤ 1 year
€19,603▲
2012 · €19,118
Equity ratios withheld: equity of €753 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|
| Turnover70 | €96,369 | €5,115 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,202 | €1,990 | €1,559 | ▼ 21.6% |
| Gross operating margin9900 | €10,706 | -€3,445 | -€485 | ▲ 85.9% |
| Operating profit (loss)9901 | €2,138 | -€5,523 | -€2,044 | ▲ 63.0% |
| Recurring financial income75 | €126 | €553 | €79 | ▼ 85.8% |
| Recurring financial charges65 | €510 | €262 | - | - |
| Profit (loss) for the period before taxes9903 | €1,754 | -€5,231 | -€1,965 | ▲ 62.4% |
| Income taxes67/77 | €4 | - | - | - |
| Profit (loss) for the period9904 | €1,750 | -€5,231 | -€1,965 | ▲ 62.4% |
| Profit (loss) for the period to be appropriated9905 | €1,750 | -€5,231 | -€1,965 | ▲ 62.4% |
| Line | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26,078 | €21,836 | €20,356 | ▼ 6.8% |
| Formation expenses20 | €0 | - | - | - |
| Fixed assets21/28 | €14,679 | €12,690 | €11,130 | ▼ 12.3% |
| Tangible fixed assets22/27 | €10,254 | €8,264 | €6,705 | ▼ 18.9% |
| Financial fixed assets28 | €4,425 | €4,425 | €4,425 | = |
| Current assets29/58 | €11,399 | €9,147 | €9,226 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €8,006 | €9,103 | €9,182 | ▲ 0.9% |
| Cash at bank and in hand54/58 | €3,393 | €44 | €44 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26,078 | €21,836 | €20,356 | ▼ 6.8% |
| Equity10/15 | €7,950 | €2,718 | €753 | ▼ 72.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €88 | €87 | €87 | = |
| Profit (loss) carried forward14 | €1,662 | -€3,569 | -€5,535 | ▼ 55.1% |
| Amounts payable17/49 | €18,128 | €19,118 | €19,603 | ▲ 2.5% |
| Amounts payable within one year42/48 | €18,128 | €19,118 | €19,603 | ▲ 2.5% |
| Trade debts44 | €7,325 | €10,499 | €10,984 | ▲ 4.6% |
| Line | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,750 | -€5,231 | -€1,965 | ▲ 62.4% |
| + Depreciation and write-downs630 | €4,202 | €1,990 | €1,559 | ▼ 21.6% |
| Operating cash flow (approximation) | €5,952 | -€3,242 | -€406 | ▲ 87.5% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | - |
| Change in cash | - | -€3,349 | €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.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2013 | full format | 31-08-2014 | 2014-56600253 |
| 31-12-2012 | full format | 05-09-2013 | 2013-57600391 |
| 31-12-2011 | full format | 19-09-2012 | 2012-57500071 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.