ENGINEERING
InactiveFinancials · financial year 2011, abbreviated format
Annual accounts 2011 filed on 29-06-2012 PDF all 33 filings
Equity
-€386,399
2010 · €387,901
Total assets
€1.4m▼ 32.3%
2010 · €2.0m
Net result
-€774,300
2010 · €276,783
Working capital
€339,187▼ 67.9%
2010 · €1.1m
Multi-year overview
2008 to 2011, 4 financial yearsOperating result
-€693,713
▼ 140%
2011
20082011
Net result
-€774,300
2011
20082011
Equity
-€386,399
2011
20082011
Total assets
€1.4m
▼ 32.3%
2011
20082011
Debt
€1.8m
▲ 7.5%
2011
20082011
Working capital
€339,187
▼ 67.9%
2011
20082011
Staff (FTE)
15.7
▼ 2.5%
2011
20082011
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2008200920102011
Operating result€0.3m--€0.1m-€0.3m▼ 132%-€0.7m▼ 140%
Net result€0.004m--€0.2m€0.3m-€0.8m
Equity€0.3m-€0.1m▼ 65.7%€0.4m▲ 249%-€0.4m
Total assets€2.7m-€2.2m▼ 18.9%€2.0m▼ 8.2%€1.4m▼ 32.3%
Debt€2.4m-€2.1m▼ 12.6%€1.6m▼ 21.8%€1.8m▲ 7.5%
Working capital€0.3m-€0.07m▼ 75.2%€1.1m▲ 15×€0.3m▼ 67.9%
Staff (FTE)24.7-18.2▼ 26.3%16.1▼ 11.5%15.7▼ 2.5%
The operating result for 2011 is a loss of €693,713, larger than the loss of €289,074 in 2010. It is the lowest result since 2008.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €1.4m
Fixed assets
€17,620 ▼ 35.4%
Current assets
€1.3m ▼ 32.3%
Equity and liabilities
Equity-€386,399
Debt€1.8m
Equity is negative. Debt (€1.8m) exceeds the balance-sheet total (€1.4m).
Key figures and ratios
EBITDA
-€684,043▼
2010 · -€271,886
Cash flow
-€764,630▼
2010 · €293,971
Solvency
-28.3%▼
2010 · 19.2%
Current ratio
1.34▼
2010 · 2.13
Quick ratio
1.11▼
2010 · 1.61
ROA
-56.6%▼
2010 · 13.7%
Debt ≤ 1 year
€1.0m▲
2010 · €937,334
Debt > 1 year
€743,205▲
2010 · €694,646
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.02m | €0.02m | €0.01m | ▼ 43.7% |
| Gross operating margin9900 | €2.1m | €0.7m | €0.4m | -€0.1m | - |
| Operating profit (loss)9901 | €0.3m | -€0.1m | -€0.3m | -€0.7m | ▼ 140% |
| Recurring financial income75 | €0.003m | €0.001m | €5 | €0.002m | ▲ 382× |
| Recurring financial charges65 | €0.2m | €0.09m | €0.06m | €0.07m | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | €0.02m | -€0.2m | €0.3m | -€0.8m | - |
| Income taxes67/77 | €0.02m | €10 | €0.005m | - | - |
| Profit (loss) for the period9904 | €0.004m | -€0.2m | €0.3m | -€0.8m | - |
| Profit (loss) for the period to be appropriated9905 | €0.004m | -€0.2m | -€0.4m | -€0.8m | ▼ 120% |
| Line | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.7m | €2.2m | €2.0m | €1.4m | ▼ 32.3% |
| Fixed assets21/28 | €0.06m | €0.04m | €0.03m | €0.02m | ▼ 35.4% |
| Tangible fixed assets22/27 | €0.06m | €0.04m | €0.03m | €0.02m | ▼ 38.4% |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €2.7m | €2.2m | €2.0m | €1.3m | ▼ 32.3% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.5m | €0.2m | ▼ 52.5% |
| Amounts receivable within one year40/41 | €1.6m | €1.2m | €1.0m | €0.7m | ▼ 26.5% |
| Cash at bank and in hand54/58 | - | - | €0.007m | €0.01m | ▲ 48.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.7m | €2.2m | €2.0m | €1.4m | ▼ 32.3% |
| Equity10/15 | €0.3m | €0.1m | €0.4m | -€0.4m | - |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.1m | €0.1m | €0.8m | €0.8m | = |
| Profit (loss) carried forward14 | - | -€0.2m | -€0.6m | -€1.3m | ▼ 137% |
| Amounts payable17/49 | €2.4m | €2.1m | €1.6m | €1.8m | ▲ 7.5% |
| Amounts payable after more than one year17 | €0.01m | €0.002m | €0.7m | €0.7m | ▲ 7.0% |
| Amounts payable within one year42/48 | €2.4m | €2.1m | €0.9m | €1.0m | ▲ 7.8% |
| Trade debts44 | €0.9m | €1.3m | €0.3m | €0.6m | ▲ 83.6% |
| Line | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,997 | -€213,148 | €276,783 | -€774,300 | - |
| + Depreciation and write-downs630 | €78,783 | €23,848 | €17,188 | €9,670 | ▼ 43.7% |
| Operating cash flow (approximation) | €82,780 | -€189,299 | €293,971 | -€764,630 | - |
| Investment in fixed assets (approximation) | - | -€6,775 | €0 | €0 | - |
| Change in cash | - | - | - | €3,388 | - |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-11-2011 | abbreviated format | 29-06-2012 | 2012-25000493 | |
| 30-11-2010 | abbreviated format | 29-07-2011 | 2011-36600157 | |
| 30-11-2009 | abbreviated format | 30-07-2010 | 2010-37300077 | |
| 30-11-2008 | abbreviated format | 26-06-2009 | 2009-29600247 | |
| 31-12-2006 | abbreviated format | 11-07-2007 | 2007-39500123 | |
| 31-12-2005 | abbreviated format | 31-08-2006 | 2006-75801532 | |
| 31-12-2004 | abbreviated format | 30-09-2005 | 2005-80103467 | |
| 31-12-2003 | abbreviated format | 04-11-2004 | 2004-77704565 | |
| 31-12-2002 | abbreviated format | 01-08-2003 | 2003-59203284 | |
| 31-12-2001 | abbreviated format | 13-05-2002 | 2002-12200478 |