EUROWIRE
Open bankruptcyFinancials · financial year 2012, abbreviated format
Annual accounts 2012 filed on 14-05-2013 PDF all 4 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€0
2011 · €0
Total assets
€10.3m▲ 7.5%
2011 · €9.5m
Net result
-€658,725▼ 102%
2011 · -€326,263
Working capital
-€974,770▼ 187%
2011 · -€339,974
Multi-year overview
2009 to 2012, 4 financial yearsTurnover
€0
2012
20092012
Operating result
-€431,790
▼ 167%
2012
20092012
Net result
-€658,725
▼ 102%
2012
20092012
Equity
€124,578
▼ 84.4%
2012
20092012
Total assets
€10.3m
▲ 7.5%
2012
20092012
Debt
€10.1m
▲ 15.9%
2012
20092012
Working capital
-€974,770
▼ 187%
2012
20092012
Staff (FTE)
15.6
▲ 11.4%
2012
20092012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2009201020112012
Turnover€0-€0€0€0
Operating result€0.2m-€0.2m▼ 34.7%-€0.2m-€0.4m▼ 167%
Net result€0.006m-€265▼ 95.6%-€0.3m-€0.7m▼ 102%
Equity€0.4m-€1.1m▲ 221%€0.8m▼ 30.0%€0.1m▼ 84.4%
Total assets€6.1m-€8.6m▲ 40.5%€9.5m▲ 10.5%€10.3m▲ 7.5%
Debt€5.8m-€7.5m▲ 29.4%€8.7m▲ 16.7%€10.1m▲ 15.9%
Working capital€0.1m-€0.4m▲ 178%-€0.3m-€1.0m▼ 187%
Staff (FTE)6.2-11.9▲ 91.9%14▲ 17.6%15.6▲ 11.4%
The operating result for 2012 is a loss of €431,790, larger than the loss of €161,715 in 2011. It is the lowest result since 2009.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €10.3m
Fixed assets
€4.7m ▼ 3.8%
Current assets
€5.5m ▲ 19.3%
Equity and liabilities €10.3m
Equity
€124,578 ▼ 84.4%
Debt
€10.1m ▲ 15.9%
Debt's share of the balance-sheet total rises from 91.6% to 98.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€72,201▼
2011 · €174,624
Cash flow
-€299,136▼
2011 · €10,076
Current ratio
0.85▼
2011 · 0.93
Quick ratio
0.64▲
2011 · 0.48
Debt to equity
28.47▲
2011 · 4.60
ROE
-528.8%▼
2011 · -40.7%
ROA
-6.4%▼
2011 · -3.4%
Debt ≤ 1 year
€6.5m▲
2011 · €5.0m
Debt > 1 year
€3.5m▼
2011 · €3.7m
Income taxes
€3,107▲
2011 · €0
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 | Change |
|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.3m | €0.3m | €0.4m | ▲ 6.9% |
| Gross operating margin9900 | €0.7m | €1.1m | €0.9m | €0.8m | ▼ 10.9% |
| Operating profit (loss)9901 | €0.2m | €0.2m | -€0.2m | -€0.4m | ▼ 167% |
| Recurring financial income75 | €0.05m | €0.08m | €0.1m | €0.07m | ▼ 42.2% |
| Recurring financial charges65 | €0.3m | €0.2m | €0.3m | €0.3m | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | €0.01m | -€0.004m | -€0.3m | -€0.7m | ▼ 101% |
| Income taxes67/77 | €0.005m | -€0.004m | €0 | €0.003m | - |
| Profit (loss) for the period9904 | €0.006m | €265 | -€0.3m | -€0.7m | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €0.006m | €265 | -€0.3m | -€0.7m | ▼ 102% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6.1m | €8.6m | €9.5m | €10.3m | ▲ 7.5% |
| Formation expenses20 | €0 | €0.008m | €0.006m | €0.004m | ▼ 33.3% |
| Fixed assets21/28 | €4.0m | €4.8m | €4.9m | €4.7m | ▼ 3.8% |
| Intangible fixed assets21 | €0.008m | €0.006m | €0.004m | €0.003m | ▼ 40.0% |
| Tangible fixed assets22/27 | €3.9m | €4.7m | €4.9m | €4.7m | ▼ 3.7% |
| Financial fixed assets28 | €0.03m | €0.002m | €165 | €165 | = |
| Current assets29/58 | €2.2m | €3.9m | €4.6m | €5.5m | ▲ 19.3% |
| Stocks and contracts in progress3 | €1.3m | €2.3m | €2.2m | €1.4m | ▼ 37.9% |
| Amounts receivable within one year40/41 | €0.7m | €1.4m | €1.9m | €4.1m | ▲ 116% |
| Current investments50/53 | €0 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.5m | €0.05m | ▼ 89.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6.1m | €8.6m | €9.5m | €10.3m | ▲ 7.5% |
| Equity10/15 | €0.4m | €1.1m | €0.8m | €0.1m | ▼ 84.4% |
| Contributions10/11 | €0.06m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €303 | €316 | €316 | €316 | = |
| Profit (loss) carried forward14 | €0.006m | €0.006m | -€0.3m | -€1.0m | ▼ 206% |
| Provisions and deferred taxes16 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €5.8m | €7.5m | €8.7m | €10.1m | ▲ 15.9% |
| Amounts payable after more than one year17 | €3.7m | €4.0m | €3.7m | €3.5m | ▼ 3.8% |
| Amounts payable within one year42/48 | €2.0m | €3.5m | €5.0m | €6.5m | ▲ 30.7% |
| Trade debts44 | €0.4m | €1.0m | €3.5m | €3.0m | ▼ 13.8% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.006m | €265 | -€0.3m | -€0.7m | ▼ 102% |
| + Depreciation and write-downs630 | €0.1m | €0.3m | €0.3m | €0.4m | ▲ 6.9% |
| Operating cash flow (approximation) | €0.2m | €0.3m | €0.01m | -€0.3m | - |
| Investment in fixed assets (approximation) | - | -€1.1m | -€0.5m | -€0.2m | ▲ 63.1% |
| Change in cash | - | €0.05m | €0.3m | -€0.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.