Financials · financial year 2012, abbreviated format
Annual accounts 2012 filed on 28-02-2013 PDF all 2 filings
Turnover
≈ €310,000
Estimated: probably between €190,000 and €570,000
Total assets
€283,237▲ 145%
2011 · €115,740
Net result
-€1,974▲ 94.9%
2011 · -€38,804
Working capital
€86,376▲ 8.1%
2011 · €79,872
Multi-year overview
2011 to 2012, 2 financial yearsOperating result
-€3,291
▲ 91.7%
2012
20112012
Net result
-€1,974
▲ 94.9%
2012
20112012
Equity
€90,860
▼ 2.1%
2012
20112012
Total assets
€283,237
▲ 145%
2012
20112012
Debt
€192,377
▲ 740%
2012
20112012
Working capital
€86,376
▲ 8.1%
2012
20112012
Staff (FTE)
2.9
▲ 3.6%
2012
20112012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012
Operating result-€39,723--€3,291▲ 91.7%
Net result-€38,804--€1,974▲ 94.9%
Equity€92,834-€90,860▼ 2.1%
Total assets€115,740-€283,237▲ 145%
Debt€22,906-€192,377▲ 740%
Working capital€79,872-€86,376▲ 8.1%
Staff (FTE)2.8-2.9▲ 3.6%
The operating result for 2012 is a loss of €3,291, smaller than the loss of €39,723 in 2011.
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 €283,237
Fixed assets
€10,159 ▼ 21.6%
Current assets
€273,078 ▲ 166%
Equity and liabilities €283,237
Equity
€90,860 ▼ 2.1%
Debt
€192,377 ▲ 740%
Debt's share of the balance-sheet total rises from 19.8% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,031▲
2011 · -€33,108
Cash flow
€5,347▲
2011 · -€32,188
Current ratio
1.46▼
2011 · 4.49
ROE
-2.2%▲
2011 · -41.8%
ROA
-0.7%▲
2011 · -33.5%
Debt ≤ 1 year
€186,702▲
2011 · €22,906
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €33,000 awarded · €21,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,500 | €1,500 |
| 2024 | 1 | €0 | €1,500 |
| 2023 | 1 | €13,500 | €18,000 |
| 2022 | 1 | €18,000 | €0 |
Schemes
Federal government
2024 · 1 entry · €278,247 in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Beleid & Ondersteuning | 1 | €278,247 |
European research
1 project · €152,975 EU contributionProgrammes
Projects
Entrepreneurial skills for young social innovators in an open digital world. A European Initiative
Annual accounts
| Line | 2011 | 2012 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,616 | €7,321 | ▲ 10.7% |
| Gross operating margin9900 | €72,644 | €120,240 | ▲ 65.5% |
| Operating profit (loss)9901 | -€39,723 | -€3,291 | ▲ 91.7% |
| Recurring financial income75 | €1,201 | €1,577 | ▲ 31.3% |
| Recurring financial charges65 | €282 | €261 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | -€38,804 | -€1,974 | ▲ 94.9% |
| Profit (loss) for the period9904 | -€38,804 | -€1,974 | ▲ 94.9% |
| Line | 2011 | 2012 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €115,740 | €283,237 | ▲ 145% |
| Fixed assets21/28 | €12,963 | €10,159 | ▼ 21.6% |
| Tangible fixed assets22/27 | €7,412 | €7,609 | ▲ 2.7% |
| Financial fixed assets28 | €5,551 | €2,550 | ▼ 54.1% |
| Current assets29/58 | €102,777 | €273,078 | ▲ 166% |
| Amounts receivable within one year40/41 | €33,055 | €21,364 | ▼ 35.4% |
| Cash at bank and in hand54/58 | €69,722 | €251,714 | ▲ 261% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €115,740 | €283,237 | ▲ 145% |
| Equity10/15 | €92,834 | €90,860 | ▼ 2.1% |
| Profit (loss) carried forward14 | €5,454 | €3,480 | ▼ 36.2% |
| Amounts payable17/49 | €22,906 | €192,377 | ▲ 740% |
| Amounts payable within one year42/48 | €22,906 | €186,702 | ▲ 715% |
| Trade debts44 | €15,075 | €175,419 | ▲ 12× |
| Line | 2011 | 2012 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€38,804 | -€1,974 | ▲ 94.9% |
| + Depreciation and write-downs630 | €6,616 | €7,321 | ▲ 10.7% |
| Operating cash flow (approximation) | -€32,188 | €5,347 | - |
| Investment in fixed assets (approximation) | - | -€4,517 | - |
| Change in cash | - | €181,992 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.