ESD ENGINEERING
Open bankruptcyFinancials · financial year 2013, full format
Annual accounts 2013 filed on 09-12-2013 PDF all 7 filings
Turnover
€3.4m▲ 223%
2011 · €1.1m
EBIT margin
32.7%▲ 18.2pp
2011 · 14.4%
Net result
-€66,449
2012 · €822,397
Working capital
€524,704▲ 30.3%
2012 · €402,713
Trend over the years
2009 to 2013, 5 financial years 2009 to 2013, 5 financial years
The operating result for 2013 is a loss of €31,407, after a profit of €1.1m in 2012. It is the lowest result since 2009.
Turnover€3.4m
2012
Operating result-€0.03m
2013
Net result-€0.07m
2013
Total assets€2.1m
2013
Equity€0.7m
2013
Debt€1.4m
2013
Working capital€0.5m
2013
EBIT margin32.7%
2012
Staff (FTE)11.6
2013
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20092010201120122013
Turnover€1.4m-€1.4m▲ 3.5%€1.1m▼ 27.1%€3.4m▲ 223%
Operating result€0.04m-€0.3m▲ 546%€0.2m▼ 47.6%€1.1m▲ 630%-€0.03m
Net result€0.03m-€0.2m▲ 523%€0.09m▼ 49.6%€0.8m▲ 790%-€0.07m
EBIT margin3.2%-20.1%▲ 16.9pp14.4%▼ 5.6pp32.7%▲ 18.2pp
Equity€0.1m-€0.02m▼ 85.0%€0.02m▼ 13.0%€0.7m▲ 39×€0.7m▼ 0.4%
Total assets€0.5m-€0.6m▲ 23.2%€0.6m▲ 3.9%€2.5m▲ 317%€2.1m▼ 13.3%
Debt€0.3m-€0.5m▲ 59.7%€0.5m▲ 4.7%€1.8m▲ 221%€1.4m▼ 22.1%
Working capital€0.05m--€0.1m-€0.08m▲ 30.6%€0.4m€0.5m▲ 30.3%
Staff (FTE)0.5-1.7▲ 240%2.8▲ 64.7%7.8▲ 179%11.6▲ 48.7%
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €2.1m
Fixed assets
€483,013 ▼ 14.3%
Current assets
€1.6m ▼ 13.0%
Equity and liabilities €2.1m
Equity
€672,315 ▼ 0.4%
Provisions
€86,723 ▲ 266%
Debt
€1.4m ▼ 22.1%
Debt's share of the balance-sheet total falls from 71.6% to 64.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€75,923▼
2012 · €1.2m
Cash flow
€40,880▼
2012 · €934,957
Current ratio
1.47▲
2012 · 1.27
Quick ratio
1.26▲
2012 · 1.19
Debt to equity
0.37▼
2012 · 0.40
ROE
-9.9%▼
2012 · 121.8%
ROA
-3.1%▼
2012 · 33.5%
Debt ≤ 1 year
€1.1m▼
2012 · €1.5m
Debt > 1 year
€246,698▼
2012 · €267,622
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.4m | €1.4m | €1.1m | €3.4m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.04m | €0.05m | €0.1m | €0.1m | ▼ 4.6% |
| Gross operating margin9900 | €0.1m | €0.4m | €0.3m | €1.6m | €0.7m | ▼ 56.4% |
| Operating profit (loss)9901 | €0.04m | €0.3m | €0.2m | €1.1m | -€0.03m | - |
| Recurring financial income75 | €0.001m | €0.003m | €0.001m | €0.004m | €0.02m | ▲ 356% |
| Recurring financial charges65 | €232 | €0.001m | €0.001m | €0.02m | €0.02m | ▲ 45.4% |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.3m | €0.2m | €1.1m | -€0.07m | - |
| Income taxes67/77 | €0.02m | €0.1m | €0.06m | €0.3m | - | - |
| Profit (loss) for the period9904 | €0.03m | €0.2m | €0.09m | €0.8m | -€0.07m | - |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.2m | €0.09m | €0.5m | -€0.07m | - |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.5m | €0.6m | €0.6m | €2.5m | €2.1m | ▼ 13.3% |
| Fixed assets21/28 | €0.08m | €0.2m | €0.1m | €0.6m | €0.5m | ▼ 14.3% |
| Intangible fixed assets21 | €262 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.08m | €0.2m | €0.1m | €0.6m | €0.5m | ▼ 14.3% |
| Financial fixed assets28 | €50 | €0.002m | €0.002m | €50 | €50 | = |
| Current assets29/58 | €0.4m | €0.4m | €0.5m | €1.9m | €1.6m | ▼ 13.0% |
| Stocks and contracts in progress3 | €0.06m | €0.07m | €0.06m | €0.1m | €0.2m | ▲ 89.2% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.4m | €1.2m | €1.2m | ▲ 2.0% |
| Current investments50/53 | €0.1m | €0.07m | €0.005m | €0.6m | €0.1m | ▼ 75.6% |
| Cash at bank and in hand54/58 | €0.03m | €0.004m | €0.01m | €0.02m | €0.09m | ▲ 290% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.5m | €0.6m | €0.6m | €2.5m | €2.1m | ▼ 13.3% |
| Equity10/15 | €0.1m | €0.02m | €0.02m | €0.7m | €0.7m | ▼ 0.4% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €0.1m | €0.003m | €381 | €0.3m | €0.3m | ▼ 20.2% |
| Provisions and deferred taxes16 | - | €0.02m | €0.02m | €0.02m | €0.09m | ▲ 266% |
| Amounts payable17/49 | €0.3m | €0.5m | €0.5m | €1.8m | €1.4m | ▼ 22.1% |
| Amounts payable after more than one year17 | - | - | - | €0.3m | €0.2m | ▼ 7.8% |
| Amounts payable within one year42/48 | €0.3m | €0.5m | €0.5m | €1.5m | €1.1m | ▼ 24.7% |
| Trade debts44 | €0.09m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 36.0% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,430 | €183,388 | €92,430 | €822,397 | -€66,449 | - |
| + Depreciation and write-downs630 | €27,805 | €35,605 | €54,036 | €112,559 | €107,329 | ▼ 4.6% |
| Operating cash flow (approximation) | €57,235 | €218,993 | €146,466 | €934,957 | €40,880 | ▼ 95.6% |
| Investment in fixed assets (approximation) | - | -€119,803 | -€13,687 | -€552,582 | -€26,689 | ▲ 95.2% |
| Change in cash | - | -€24,814 | €10,263 | €8,717 | €67,809 | ▲ 678% |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2013 | full format | 09-12-2013 | 2013-68100083 | |
| 31-03-2012 | full format | 31-10-2012 | 2012-62500561 | |
| 31-03-2011 | full format | 13-12-2011 | 2011-63900020 | |
| 31-03-2010 | full format | 23-12-2010 | 2010-64500482 | |
| 31-03-2009 | full format | 17-11-2009 | 2009-85500018 | |
| 31-03-2008 | full format | 15-10-2008 | 2008-78500220 | |
| 31-03-2007 | full format | 15-10-2008 | 2008-78500230 |