EPRIS
InactiveInactive; last annual accounts for fiscal year 2011.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 27-12-2011 was due by 27-07-2012 and was filed on 28-06-2012, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2011
29 d early
2010
72 d late
2009
75 d early
2008
64 d early
2007
35 d early
2006
56 d early
2005
76 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2011, full schema
Turnover
€1.33M▲ 0.7%
2010 · €1.32M
2007: €345klowest in 5 years
2008: €1.07M▲ +211% vs 2007
2009: €1.27M▲ +18.5% vs 2008
2010: €1.32M▲ +4.1% vs 2009
2011: €1.33M▲ +0.7% vs 2010highest in 5 years
2007 → 2011
EBIT margin
61.1%▼ 6.5pp
2010 · 67.6%
2007: 1.1%lowest in 5 years
2008: 59.0%▲ +5408% vs 2007
2009: 63.4%▲ +7.5% vs 2008
2010: 67.6%▲ +6.6% vs 2009highest in 5 years
2011: 61.1%▼ -9.6% vs 2010
2007 → 2011
Net result
€-1.89M
2010 · €203k
2007: €-199k
2008: €355k▲ +278% vs 2007
2009: €401k▲ +13.0% vs 2008highest in 5 years
2010: €203k▼ -49.5% vs 2009
2011: €-1.89M▼ -1034% vs 2010lowest in 5 years
2007 → 2011
Working capital
€57k▼ 90.1%
2010 · €573k
2007: €-960k
2008: €-1.24M▼ -29.2% vs 2007lowest in 5 years
2009: €-707k▲ +43.0% vs 2008
2010: €573k▲ +181% vs 2009highest in 5 years
2011: €57k▼ -90.1% vs 2010
2007 → 2011
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20072008200920102011Trend
Turnover€345k-€1.07M▲ 211%€1.27M▲ 18.5%€1.32M▲ 4.1%€1.33M▲ 0.7%
2007: €345klowest in 5 years
2008: €1.07M▲ +211% vs 2007
2009: €1.27M▲ +18.5% vs 2008
2010: €1.32M▲ +4.1% vs 2009
2011: €1.33M▲ +0.7% vs 2010highest in 5 years
Equity€-474k-€-119k▲ 75.0%€283k€486k▲ 71.7%€-1.41M
2007: €-474k
2008: €-119k▲ +75.0% vs 2007
2009: €283k▲ +338% vs 2008
2010: €486k▲ +71.7% vs 2009highest in 5 years
2011: €-1.41M▼ -390% vs 2010lowest in 5 years
Operating result€4k-€633k▲ 17,021%€806k▲ 27.3%€894k▲ 11.0%€814k▼ 9.0%
2007: €4klowest in 5 years
2008: €633k▲ +17021% vs 2007
2009: €806k▲ +27.3% vs 2008
2010: €894k▲ +11.0% vs 2009highest in 5 years
2011: €814k▼ -9.0% vs 2010
Net result€-199k-€355k€401k▲ 13.0%€203k▼ 49.5%€-1.89M
2007: €-199k
2008: €355k▲ +278% vs 2007
2009: €401k▲ +13.0% vs 2008highest in 5 years
2010: €203k▼ -49.5% vs 2009
2011: €-1.89M▼ -1034% vs 2010lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2011; 2011 is 9% below 2010.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €6.16M
Fixed assets
€5.71M ▼ 3.2%
Current assets
€449k ▼ 35.3%
Key figures and ratios
EBITDA
€1.01M▼
2010 · €1.09M
Cash flow
€-1.70M▼
2010 · €397k
Solvency
-22.9%▼
2010 · 7.4%
Current ratio
1.14▼
2010 · 5.71
Debt to equity
-5.08▼
2010 · 12.33
ROA
-30.8%▼
2010 · 3.1%
Interest coverage
11.80▲
2010 · 4.26
Debt
€7.57M▲
2010 · €6.11M
Debt ≤ 1 year
€393k▲
2010 · €122k
Debt > 1 year
€7.16M▲
2010 · €5.99M
Income taxes
€2.62M▲
2010 · €77k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2011 against 2010 · 25 lines
Balance sheet
Code20102011
Assets
Total assets20/58€6.59M€6.16M▼
Fixed assets21/28€5.90M€5.71M▼
Tangible fixed assets22/27€5.90M€5.71M▼
Current assets29/58€695k€449k▼
Amounts receivable within one year40/41€35k€441k▲
Cash at bank and in hand54/58€578k€9k▼
Equity and liabilities
Total equity and liabilities10/49€6.59M€6.16M▼
Equity10/15€486k€-1.41M▼
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Profit (loss) carried forward14€418k€-1.48M▼
Amounts payable17/49€6.11M€7.57M▲
Amounts payable after more than one year17€5.99M€7.16M▲
Amounts payable within one year42/48€122k€393k▲
Trade debts44€1k€299k▲
Income statement
Code20102011
Turnover70€1.32M€1.33M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€195k€192k▼
Operating profit (loss)9901€894k€814k▼
Recurring financial income75€107€1k▲
Recurring financial charges65€615k€86k▼
Debt charges650€256k€85k▼
Profit (loss) for the period before taxes9903€280k€729k▲
Income taxes67/77€77k€2.62M▲
Profit (loss) for the period9904€203k€-1.89M▼
Profit (loss) for the period to be appropriated9905€203k€-1.89M▼
Accounts by statement
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €345k | €1.07M | €1.27M | €1.32M | €1.33M | ▲ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146k | €168k | €181k | €195k | €192k | ▼ 1.1% |
| Gross operating margin9900 | €163k | €813k | €988k | - | - | - |
| Operating profit (loss)9901 | €4k | €633k | €806k | €894k | €814k | ▼ 9.0% |
| Recurring financial income75 | €2k | €21k | €16k | €107 | €1k | ▲ 879% |
| Recurring financial charges65 | €205k | €299k | €303k | €615k | €86k | ▼ 86.0% |
| Debt charges650 | - | - | - | €256k | €85k | ▼ 66.7% |
| Profit (loss) for the period before taxes9903 | €-199k | €355k | €518k | €280k | €729k | ▲ 160% |
| Income taxes67/77 | €295 | €-634 | €117k | €77k | €2.62M | ▲ 3,306% |
| Profit (loss) for the period9904 | €-199k | €355k | €401k | €203k | €-1.89M | ▼ 1,034% |
| Profit (loss) for the period to be appropriated9905 | €-199k | €355k | €401k | €203k | €-1.89M | ▼ 1,034% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.50M | €5.97M | €6.45M | €6.59M | €6.16M | ▼ 6.6% |
| Fixed assets21/28 | €5.04M | €5.58M | €5.86M | €5.90M | €5.71M | ▼ 3.2% |
| Tangible fixed assets22/27 | €5.04M | €5.58M | €5.86M | €5.90M | €5.71M | ▼ 3.2% |
| Current assets29/58 | €460k | €382k | €596k | €695k | €449k | ▼ 35.3% |
| Amounts receivable within one year40/41 | €368k | €373k | €586k | €35k | €441k | ▲ 1,173% |
| Cash at bank and in hand54/58 | €91k | €9k | €10k | €578k | €9k | ▼ 98.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.50M | €5.97M | €6.45M | €6.59M | €6.16M | ▼ 6.6% |
| Equity10/15 | €-474k | €-119k | €283k | €486k | €-1.41M | ▼ 390% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-542k | €-187k | €215k | €418k | €-1.48M | ▼ 454% |
| Amounts payable17/49 | €5.97M | €6.09M | €6.17M | €6.11M | €7.57M | ▲ 23.9% |
| Amounts payable after more than one year17 | €4.56M | €4.46M | €4.87M | €5.99M | €7.16M | ▲ 19.7% |
| Amounts payable within one year42/48 | €1.42M | €1.62M | €1.30M | €122k | €393k | ▲ 223% |
| Trade debts44 | €224k | €59k | €86k | €1k | €299k | ▲ 20,493% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-199k | €355k | €401k | €203k | €-1.89M | ▼ 1,034% |
| + Depreciation and write-downs630 | €146k | €168k | €181k | €195k | €192k | ▼ 1.1% |
| Operating cash flow (approximation) | €-53k | €523k | €583k | €397k | €-1.70M | ▼ 528% |
| Investment in fixed assets (approximation) | - | €-710k | €-454k | €-237k | €-6k | ▲ 97.5% |
| Change in cash | - | €-82k | €404 | €568k | €-569k | ▼ 200% |
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
2012
28-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
25-01
State Gazette act
General meeting · Merger
Capital increase · Capital · Louis-Philippe Marcelis
25-01
State Gazette act
General meeting · Merger
Capital increase · Capital
2011
27-12
Financial
Weakest financial yearnet €-1.89M
Net result drops to €-1.89M, the lowest in the series.
10-11
State Gazette act
Merger
10-11
State Gazette act
Merger
11-10
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 72 days late
2010
31-12
Financial
Liquidity times 12current ratio 5.71
Current ratio from 0.46 to 5.71; short-term debt falls from €1.30M to €122k.
17-05
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
31-12
Financial
Highest result since 2007net €401k ▲13%
Net result €401k, the highest in the series.
31-12
Financial
Equity above €200kEq €283k
2 profitable years in a row build equity to €283k.
28-05
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
Show earlier events
2008
31-12
Financial
Back to profitnet €355k
Net result €355k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
05-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
16-05
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
18-05
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
12-05
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema
2003
14-05
NBB filing
Annual accounts filed
fiscal year 2002 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:COFINIMMO