ECONNECTION
InactiveFinancials · financial year 2012, abbreviated format
Annual accounts 2012 filed on 03-07-2013 PDF all 18 filings
Turnover
€4,098▼ 96.1%
2011 · €104,603
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€3,937
2011 · €9,973
Working capital
€238,461▲ 5.8%
2010 · €225,446
Multi-year overview
2008 to 2012, 5 financial yearsTurnover
€4,098
▼ 96.1%
2012
20082012
Operating result
-€9,531
2012
20082012
Net result
-€3,937
2012
20082012
Equity
€243,704
▼ 1.6%
2012
20082012
Total assets
€243,704
▼ 21.7%
2012
20082012
Debt
no figure
2012
20082012
Working capital
no figure
2012
20082012
Staff (FTE)
no figure
2012
20082012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Turnover€405,381-€233,818▼ 42.3%€171,594▼ 26.6%€104,603▼ 39.0%€4,098▼ 96.1%
Operating result€10,406--€141,921€27,219€10,107▼ 62.9%-€9,531
Net result€4,007-€91,571▲ 23×€21,034▼ 77.0%€9,973▼ 52.6%-€3,937
Equity€125,063-€216,634▲ 73.2%€237,668▲ 9.7%€247,641▲ 4.2%€243,704▼ 1.6%
Total assets€411,301-€449,081▲ 9.2%€325,929▼ 27.4%€311,111▼ 4.5%€243,704▼ 21.7%
Debt€286,238-€232,447▼ 18.8%€88,261▼ 62.0%€63,470▼ 28.1%
Working capital€95,013-€201,192▲ 112%€225,446▲ 12.1%€238,461▲ 5.8%
Staff (FTE)4.5-1.3▼ 71.1%0▼ 100%
The operating result for 2012 is a loss of €9,531, after a profit of €10,107 in 2011.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €243,704
Fixed assets
€4,320 ▼ 52.9%
Current assets
€239,384 ▼ 20.7%
Key figures and ratios
Solvency
100.0%▲
2011 · 79.6%
ROE
-1.6%▼
2011 · 4.0%
ROA
-1.6%▼
2011 · 3.2%
Customer credit
20458 days▲
2011 · 347 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 | €405,381 | €233,818 | €171,594 | €104,603 | €4,098 | ▼ 96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,876 | €1,124 | - | - | - | - |
| Gross operating margin9900 | €226,661 | -€123,080 | €31,438 | €10,947 | -€8,852 | - |
| Operating profit (loss)9901 | €10,406 | -€141,921 | €27,219 | €10,107 | -€9,531 | - |
| Recurring financial income75 | €549 | €719 | €623 | €523 | €6,395 | ▲ 12× |
| Recurring financial charges65 | €6,129 | €13,643 | €476 | €181 | €801 | ▲ 343% |
| Profit (loss) for the period before taxes9903 | €5,478 | €142,030 | €27,531 | €10,449 | -€3,937 | - |
| Income taxes67/77 | €1,471 | €50,459 | €6,497 | €476 | - | - |
| Profit (loss) for the period9904 | €4,007 | €91,571 | €21,034 | €9,973 | -€3,937 | - |
| Profit (loss) for the period to be appropriated9905 | €4,007 | €91,571 | €21,034 | €9,973 | -€3,937 | - |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €411,301 | €449,081 | €325,929 | €311,111 | €243,704 | ▼ 21.7% |
| Fixed assets21/28 | €69,626 | €15,442 | €12,222 | €9,180 | €4,320 | ▼ 52.9% |
| Tangible fixed assets22/27 | €55,831 | - | - | - | - | - |
| Financial fixed assets28 | €13,795 | €15,442 | €12,222 | €9,180 | €4,320 | ▼ 52.9% |
| Current assets29/58 | €341,675 | €433,639 | €313,707 | €301,931 | €239,384 | ▼ 20.7% |
| Amounts receivable within one year40/41 | €286,042 | €236,231 | €76,456 | €99,519 | €229,694 | ▲ 131% |
| Cash at bank and in hand54/58 | €28,608 | €197,408 | €237,251 | €202,412 | €9,690 | ▼ 95.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €411,301 | €449,081 | €325,929 | €311,111 | €243,704 | ▼ 21.7% |
| Equity10/15 | €125,063 | €216,634 | €237,668 | €247,641 | €243,704 | ▼ 1.6% |
| Contributions10/11 | €79,041 | €79,041 | €79,041 | €79,041 | €79,041 | = |
| Reserves13 | €11,373 | €11,941 | €11,941 | €11,941 | €11,941 | = |
| Profit (loss) carried forward14 | €34,649 | €125,652 | €146,686 | €156,659 | €152,722 | ▼ 2.5% |
| Amounts payable17/49 | €286,238 | €232,447 | €88,261 | €63,470 | - | - |
| Amounts payable after more than one year17 | €39,576 | - | - | - | - | - |
| Amounts payable within one year42/48 | €246,662 | €232,447 | €88,261 | €63,470 | - | - |
| Trade debts44 | €29,869 | €142,845 | €21,376 | €55,851 | - | - |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,007 | €91,571 | €21,034 | €9,973 | -€3,937 | - |
| + Depreciation and write-downs630 | €18,876 | €1,124 | - | - | - | - |
| Operating cash flow (approximation) | €22,883 | €92,695 | €21,034 | €9,973 | -€3,937 | - |
| Investment in fixed assets (approximation) | - | €53,060 | €3,220 | €3,042 | €4,860 | ▲ 59.8% |
| Change in cash | - | €168,800 | €39,843 | -€34,839 | -€192,722 | ▼ 453% |
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 | abbreviated format | 03-07-2013 | 2013-26800269 | |
| 31-12-2011 | abbreviated format | 14-03-2012 | 2012-06100175 | |
| 31-12-2010 | abbreviated format | 13-03-2011 | 2011-05900530 | |
| 31-12-2009 | abbreviated format | 10-05-2010 | 2010-11600152 | |
| 31-12-2008 | abbreviated format | 11-05-2009 | 2009-14300216 | |
| 31-12-2007 | abbreviated format | 20-06-2008 | 2008-25200064 | |
| 31-12-2006 | abbreviated format | 30-03-2007 | 2007-11201342 | |
| 31-12-2005 | abbreviated format | 28-04-2006 | 2006-12801961 | |
| 31-12-2004 | abbreviated format | 25-07-2005 | 2005-55203894 | |
| 31-12-2003 | abbreviated format | 12-07-2004 | 2004-44205006 |