EXEC (0442.066.909), Inactive: financials and annual accounts

Annual accounts 2013

abbreviated format, filed on 30-04-2014, on the day of the deadline

Gross margin

€1,174

▲ €3,000

Operating result

€730

▲ €2,960

Loss

-€90,288

▼ €88,012

Working capital

-€15,195

▲ €116,207

Solvency

-

Current ratio

-

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €7,900. Estimated: probably between €3,300 and €20,000.

Balance sheet

balance sheet total €75 on 30-09-2013

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	75	222,265	227,107	217,833	217,819	217,815	217,762
Fixed assets`21/28`	-	206,495	206,496	206,495	206,495	206,495	206,496
Financial fixed assets`28`	-	206,495	206,496	206,495	206,495	206,495	206,496
Current assets`29/58`	75	15,770	20,611	11,338	11,324	11,320	11,266
Amounts receivable within one year`40/41`	-	15,685	20,550	11,000	11,000	10,900	11,200
Other amounts receivable`41`	-	15,685	20,550	11,000	11,000	10,900	11,200
Cash at bank and in hand`54/58`	75	85	61	338	324	420	66
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	75	222,265	227,107	217,833	217,819	217,815	217,762
Equity`10/15`	-15,195	75,093	77,369	77,358	77,351	77,337	77,304
Contributions`10/11`	62,500	62,500	62,500	62,500	62,500	62,500	62,500
Issued capital`100`	62,500	62,500	62,500	62,500	62,500	62,500	62,500
Reserves`13`	12,593	12,593	14,869	14,858	14,851	14,837	14,804
Legal reserve`130`	2,605	2,605	2,605	2,594	2,587	2,573	2,540
Distributable reserves`133`	9,988	9,988	12,264	12,264	12,264	12,264	12,264
Profit (loss) carried forward`14`	-90,288	-	-	-	-	-	-
Amounts payable`17/49`	15,270	147,172	149,738	140,475	140,468	140,478	140,458
Amounts payable within one year`42/48`	15,270	147,172	130,316	130,314	130,317	139,628	139,708
Trade debts`44`	-	439	-	-	-	-	-
Suppliers`440/4`	-	439	-	-	-	-	-
Taxes, remuneration and social security`45`	-	-	6	4	7	1,412	1,418
Taxes`450/3`	-	-	6	4	7	1,412	1,418
Other amounts payable`47/48`	15,270	146,733	130,310	130,310	130,310	138,216	138,290
Accrued charges and deferred income`492/3`	-	-	19,422	10,161	10,151	850	750
Income statement
Gross operating margin`9900`	1,174	-1,826	9,762	9,767	9,776	9,801	9,792
Other operating charges`640/8`	444	404	402	401	401	398	385
Non-recurring operating charges`66A`	90,977	-	-	-	-	-	-
Operating profit (loss)`9901`	730	-2,230	9,360	9,366	9,375	9,403	9,407
Financial income`75/76B`	-	-	1	-	-	-	-
Recurring financial income`75`	-	-	1	-	-	-	-
Financial charges`65/66B`	41	46	9,345	9,355	9,354	9,353	9,342
Recurring financial charges`65`	41	46	9,345	9,355	9,354	9,353	9,342
Profit (loss) for the period before taxes`9903`	-90,288	-2,276	16	11	21	50	65
Income taxes`67/77`	-	-	5	4	7	17	22
Profit (loss) for the period`9904`	-90,288	-2,276	11	7	14	33	43
Profit (loss) for the period to be appropriated`9905`	-90,288	-2,276	11	7	14	33	43
Appropriation of the result
Profit (loss) to be appropriated`9906`	-90,288	-2,276	11	7	14	33	43
Transfer from equity`791/2`	-	2,276	-	-	-	-	-
Transfer to equity`691/2`	-	-	11	7	14	33	43
To the legal reserve`6920`	-	-	11	7	14	33	43
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 16 older financial years (1991-2006) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2013 (PDF), filed on 30-04-2014.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2013	abbreviated format	30-04-2014	2014-10700461	PDF
30-09-2012	abbreviated format	02-05-2013	2013-10500284	PDF
30-09-2011	abbreviated format	10-05-2012	2012-11000412	PDF
30-09-2010	abbreviated format	29-04-2011	2011-09300509	PDF
30-09-2009	abbreviated format	29-04-2010	2010-10700135	PDF
30-09-2008	abbreviated format	27-03-2009	2009-08800198	PDF
30-09-2007	abbreviated format	04-04-2008	2008-09600204	PDF
30-09-2006	abbreviated format	29-03-2007	2007-09702469	PDF
30-09-2005	abbreviated format	31-03-2006	2006-09103511	PDF
30-09-2004	abbreviated format	31-03-2005	2005-10000367	PDF
30-09-2003	abbreviated format	18-03-2004	2004-07604657	PDF
30-09-2002	abbreviated format	27-03-2003	2003-08800407	PDF
30-09-2001	abbreviated format	02-04-2002	2002-08600974	PDF
30-09-2000	abbreviated format	02-04-2001	2001-08600161	PDF
30-09-1999	abbreviated format	31-03-2000	2000-08203208	PDF
30-09-1998	abbreviated format	31-03-1999	1999-06801315	PDF
30-09-1997	abbreviated format	31-03-1998	1998-05703801	PDF
30-09-1996	abbreviated format	28-03-1997	1997-04704432	PDF
30-09-1995	abbreviated format	04-04-1996	1996-05402871	PDF
30-09-1994	abbreviated format	31-03-1995	1995-05003444	PDF
30-09-1993	abbreviated format	31-03-1994	1994-05305290	PDF
30-09-1992	abbreviated format	22-04-1993	1993-05704525	PDF
30-09-1991	abbreviated format	11-03-1993	1993-03404884	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2013	2012	2011	2010	2009	2008	2007
Change in cash	-10	24	-277	14	-96	354	-
Working capital	-15,195	-131,402	-109,705	-118,976	-118,993	-128,308	-128,442
Solvency	-	33.8%	34.1%	35.5%	35.5%	35.5%	35.5%
Current ratio	-	0.11	0.16	0.09	0.09	0.08	0.08
Debt to equity	-	1.96	1.94	1.82	1.82	1.82	1.82
ROE	-	-3.0%	0.0%	0.0%	0.0%	0.0%	0.1%
ROA	-	-1.0%	0.0%	0.0%	0.0%	0.0%	0.0%

The ratios are withheld because a balance sheet total of €75 is too small for a meaningful ratio.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on EXEC

The operating result for 2013 is a profit of €730, after a loss of €2,230 in 2012.

Equity is negative. Debt (€15,270) exceeds the balance-sheet total (€75).