ECONNECTION
InactiveInactive; last annual accounts for fiscal year 2012.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 03-07-2013, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2012, abbreviated schema
Turnover
€4,098▼ 96.1%
2011 · €104,603
EBIT margin
-232.6%▼ 242.2pp
2011 · 9.7%
Net result
-€3,937
2011 · €9,973
Working capital
€238,461▲ 5.8%
2010 · €225,446
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal 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▲ 2,185%€21,034▼ 77.0%€9,973▼ 52.6%-€3,937
EBIT margin2.6%--60.7%▼ 63.3pp15.9%▲ 76.6pp9.7%▼ 6.2pp-232.6%▼ 242.2pp
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%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2012: a loss of €9,531 after €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%
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 | ▼ 181% |
| Operating profit (loss)9901 | €10,406 | -€141,921 | €27,219 | €10,107 | -€9,531 | ▼ 194% |
| Recurring financial income75 | €549 | €719 | €623 | €523 | €6,395 | ▲ 1,123% |
| 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 | ▼ 138% |
| 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 | ▼ 139% |
| Profit (loss) for the period to be appropriated9905 | €4,007 | €91,571 | €21,034 | €9,973 | -€3,937 | ▼ 139% |
| 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 | ▼ 139% |
| + Depreciation and write-downs630 | €18,876 | €1,124 | - | - | - | - |
| Operating cash flow (approximation) | €22,883 | €92,695 | €21,034 | €9,973 | -€3,937 | ▼ 139% |
| 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% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2013
03-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
31-12
Financial
Weakest financial yearnet -€3,937
Net result drops to -€3,937, the lowest in the series.
19-11
State Gazette act
Merger
14-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
13-03
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
10-05
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
31-12
Financial
Highest result since 2008net €91,571 ▲2,185%
Net result €91,571, the highest in the series.
31-12
Financial
Equity above €200,000Eq €216,634 ▲73.2%
2 profitable years in a row build equity to €216,634.
11-05
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
20-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
30-03
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
28-04
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
25-07
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
12-07
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:GRONTMIJ BELGIUM NV