EDUCASOFT
Bankruptcy closedFinancials · financial year 2012, abbreviated format
Annual accounts 2012 filed on 28-05-2013 PDF all 10 filings
Turnover
≈ €660,000
Estimated: probably between €420,000 and €1.2m
Total assets
€311,208▼ 86.2%
2011 · €2.3m
Net result
-€2.1m
2011 · €16,573
Working capital
-€271,355▼ 47.9%
2011 · -€183,478
Multi-year overview
2008 to 2012, 5 financial yearsOperating result
€36,203
▲ 15.4%
2012
20082012
Net result
-€2.1m
2012
20082012
Equity
-€2.0m
2012
20082012
Total assets
€311,208
▼ 86.2%
2012
20082012
Debt
€2.3m
▲ 5.6%
2012
20082012
Working capital
-€271,355
▼ 47.9%
2012
20082012
Staff (FTE)
1.5
▼ 21.1%
2012
20082012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Operating result-€86-€0.008m€0.01m▲ 16.8%€0.03m▲ 219%€0.04m▲ 15.4%
Net result-€0.001m-€0.007m€0.006m▼ 14.8%€0.02m▲ 191%-€2.1m
Equity€0.006m-€0.01m▲ 116%€0.02m▲ 45.7%€0.03m▲ 77.0%-€2.0m
Total assets€0.03m-€0.04m▲ 55.3%€0.04m▼ 5.2%€2.3m▲ 58×€0.3m▼ 86.2%
Debt€0.02m-€0.03m▲ 38.5%€0.02m▼ 27.3%€2.2m▲ 107×€2.3m▲ 5.6%
Working capital-€0.005m-€0.003m€0.008m▲ 193%-€0.2m-€0.3m▼ 47.9%
Staff (FTE)1.91.5▼ 21.1%
The operating result for 2012 is 15% higher than in 2011 and the highest since 2008. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €311,208
Fixed assets
€1,770 ▼ 99.9%
Current assets
€309,438 ▲ 183%
Equity and liabilities
Equity-€2.0m
Debt€2.3m
Equity is negative. Debt (€2.3m) exceeds the balance-sheet total (€311,208).
Key figures and ratios
EBITDA
€37,382▲
2011 · €31,719
Cash flow
-€2.1m▼
2011 · €16,914
Solvency
-655.1%▼
2011 · 1.4%
Current ratio
0.53▲
2011 · 0.37
ROA
-665.4%▼
2011 · 0.7%
Debt ≤ 1 year
€580,793▲
2011 · €292,914
Debt > 1 year
€1.8m▼
2011 · €1.9m
Income taxes
-€68▼
2011 · €554
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.006m | €0.006m | €341 | €0.001m | ▲ 246% |
| Gross operating margin9900 | €0.006m | €0.02m | €0.02m | €0.04m | €0.1m | ▲ 170% |
| Operating profit (loss)9901 | -€86 | €0.008m | €0.01m | €0.03m | €0.04m | ▲ 15.4% |
| Recurring financial income75 | €34 | €59 | €28 | €0.001m | €0.005m | ▲ 285% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.001m | €0.02m | €0.05m | ▲ 193% |
| Profit (loss) for the period before taxes9903 | -€0.001m | €0.007m | €0.009m | €0.02m | -€2.1m | - |
| Income taxes67/77 | - | €0.001m | €0.003m | €0.001m | -€68 | - |
| Profit (loss) for the period9904 | -€0.001m | €0.007m | €0.006m | €0.02m | -€2.1m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.001m | €0.007m | €0.006m | €0.02m | -€2.1m | - |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.03m | €0.04m | €0.04m | €2.3m | €0.3m | ▼ 86.2% |
| Fixed assets21/28 | €0.01m | €0.01m | €0.01m | €2.1m | €0.002m | ▼ 99.9% |
| Intangible fixed assets21 | €0.001m | €0.002m | €0.002m | - | - | - |
| Tangible fixed assets22/27 | €0.009m | €0.007m | €0.009m | €0.001m | €0.002m | ▲ 246% |
| Financial fixed assets28 | - | - | - | €2.1m | - | - |
| Current assets29/58 | €0.02m | €0.03m | €0.03m | €0.1m | €0.3m | ▲ 183% |
| Amounts receivable within one year40/41 | €0.003m | €0.007m | €364 | €0.1m | €0.3m | ▲ 193% |
| Cash at bank and in hand54/58 | €0.01m | €0.02m | €0.03m | €0.002m | €0.002m | ▼ 24.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.03m | €0.04m | €0.04m | €2.3m | €0.3m | ▼ 86.2% |
| Equity10/15 | €0.006m | €0.01m | €0.02m | €0.03m | -€2.0m | - |
| Contributions10/11 | €0.006m | €0.006m | €0.006m | €0.02m | €0.02m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.02m | -€0.01m | - | -€2.1m | - |
| Amounts payable17/49 | €0.02m | €0.03m | €0.02m | €2.2m | €2.3m | ▲ 5.6% |
| Amounts payable after more than one year17 | - | - | - | €1.9m | €1.8m | ▼ 8.0% |
| Amounts payable within one year42/48 | €0.02m | €0.03m | €0.02m | €0.3m | €0.6m | ▲ 98.3% |
| Trade debts44 | €0.003m | €0.009m | - | €0.04m | €0.02m | ▼ 43.6% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.001m | €0.007m | €0.006m | €0.02m | -€2.1m | - |
| + Depreciation and write-downs630 | €0.005m | €0.006m | €0.006m | €341 | €0.001m | ▲ 246% |
| Operating cash flow (approximation) | €0.004m | €0.01m | €0.01m | €0.02m | -€2.1m | - |
| Investment in fixed assets (approximation) | - | -€0.006m | -€0.007m | -€2.1m | €2.1m | - |
| Change in cash | - | €0.01m | €0.005m | -€0.03m | -€0.001m | ▲ 97.8% |
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 (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2012 | abbreviated format | 28-05-2013 | 2013-14500439 | |
| 30-06-2011 | abbreviated format | 20-03-2012 | 2012-06500493 | |
| 30-06-2010 | abbreviated format | 15-12-2010 | 2010-63300584 | |
| 30-06-2009 | abbreviated format | 29-12-2009 | 2009-91100077 | |
| 30-06-2008 | abbreviated format | 17-12-2008 | 2008-86300301 | |
| 30-06-2007 | abbreviated format | 18-03-2008 | 2008-07500055 | |
| 30-06-2006 | abbreviated format | 31-01-2007 | 2007-04201925 | |
| 30-06-2005 | abbreviated format | 31-01-2006 | 2006-04201356 | |
| 30-06-2004 | abbreviated format | 27-06-2005 | 2005-34601591 | |
| 30-06-2003 | abbreviated format | 29-01-2004 | 2004-03200730 |