Financials · financial year 2013, abbreviated format
Annual accounts 2013 filed on 03-07-2014 PDF all 7 filings
Turnover
≈ €310,000
Estimated: probably between €190,000 and €590,000
Total assets
€1.6m▲ 8.0%
2012 · €1.5m
Net result
€96,462▲ 405%
2012 · €19,120
Working capital
-€12,071▲ 89.8%
2012 · -€118,039
Multi-year overview
2009 to 2013, 5 financial yearsOperating result
€97,509
▲ 388%
2013
20092013
Net result
€96,462
▲ 405%
2013
20092013
Equity
€28,587
2013
20092013
Total assets
€1.6m
▲ 8.0%
2013
20092013
Debt
€1.6m
▲ 1.5%
2013
20092013
Working capital
-€12,071
▲ 89.8%
2013
20092013
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20092010201120122013
Operating result-€0.3m--€0.02m▲ 91.9%€0.006m€0.02m▲ 263%€0.1m▲ 388%
Net result-€0.3m--€0.02m▲ 92.1%€0.006m€0.02m▲ 244%€0.1m▲ 405%
Equity-€0.07m--€0.09m▼ 28.8%-€0.09m▲ 6.0%-€0.07m▲ 22.0%€0.03m
Total assets€1.5m-€1.6m▲ 6.8%€1.7m▲ 5.9%€1.5m▼ 11.4%€1.6m▲ 8.0%
Debt€1.5m-€1.7m▲ 8.5%€1.8m▲ 5.3%€1.5m▼ 12.0%€1.6m▲ 1.5%
Working capital-€0.09m--€0.1m▼ 17.8%-€0.1m▲ 8.6%-€0.1m▼ 21.3%-€0.01m▲ 89.8%
The operating result for 2013 is 4.9 times that of 2012 and the highest since 2009. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €1.6m
Fixed assets
€55,962 ▼ 9.1%
Current assets
€1.5m ▲ 8.8%
Equity and liabilities €1.6m
Equity
€28,587
Provisions
€11,025
Debt
€1.6m
Debt's share of the balance-sheet total is 97.5%.
Key figures and ratios
EBITDA
€101,195▲
2012 · €30,584
Cash flow
€100,148▲
2012 · €29,733
Current ratio
0.99▲
2012 · 0.92
ROE
337.4%
ROA
6.0%▲
2012 · 1.3%
Debt ≤ 1 year
€1.6m▲
2012 · €1.5m
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,584 | €10,613 | €10,613 | €10,613 | €3,686 | ▼ 65.3% |
| Gross operating margin9900 | €133,302 | €289,122 | €237,792 | €182,311 | €122,933 | ▼ 32.6% |
| Operating profit (loss)9901 | -€263,906 | -€21,289 | €5,506 | €19,971 | €97,509 | ▲ 388% |
| Recurring financial income75 | €776 | €1,166 | €907 | €136 | €5 | ▼ 96.2% |
| Recurring financial charges65 | €777 | €597 | €646 | €599 | €874 | ▲ 45.9% |
| Profit (loss) for the period before taxes9903 | -€263,907 | -€20,720 | €5,767 | €19,508 | €96,640 | ▲ 395% |
| Profit (loss) for the period9904 | -€263,665 | -€20,720 | €5,566 | €19,120 | €96,462 | ▲ 405% |
| Profit (loss) for the period to be appropriated9905 | - | - | - | - | €96,462 | - |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €1.7m | €1.5m | €1.6m | ▲ 8.0% |
| Fixed assets21/28 | €0.04m | €0.03m | €0.02m | €0.06m | €0.06m | ▼ 9.1% |
| Tangible fixed assets22/27 | €0.04m | €0.03m | €0.02m | €0.01m | €0.001m | ▼ 92.1% |
| Financial fixed assets28 | €350 | €325 | €100 | €0.05m | €0.06m | ▲ 10.0% |
| Current assets29/58 | €1.4m | €1.6m | €1.7m | €1.4m | €1.5m | ▲ 8.8% |
| Stocks and contracts in progress3 | €0.02m | €0.02m | €0.02m | - | - | - |
| Amounts receivable within one year40/41 | €1.3m | €1.4m | €1.5m | €1.3m | €1.4m | ▲ 7.0% |
| Cash at bank and in hand54/58 | €0.04m | €0.02m | €0.03m | - | €0.05m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €1.7m | €1.5m | €1.6m | ▲ 8.0% |
| Equity10/15 | -€0.07m | -€0.09m | -€0.09m | -€0.07m | €0.03m | - |
| Profit (loss) carried forward14 | -€0.5m | -€0.5m | -€0.5m | -€0.5m | -€0.4m | ▲ 20.2% |
| Provisions and deferred taxes16 | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 3.4% |
| Amounts payable17/49 | €1.5m | €1.7m | €1.8m | €1.5m | €1.6m | ▲ 1.5% |
| Amounts payable within one year42/48 | €1.5m | €1.7m | €1.8m | €1.5m | €1.6m | ▲ 1.2% |
| Trade debts44 | €1.5m | €1.7m | €1.8m | €1.5m | €1.6m | ▲ 1.4% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€263,665 | -€20,720 | €5,566 | €19,120 | €96,462 | ▲ 405% |
| + Depreciation and write-downs630 | €10,584 | €10,613 | €10,613 | €10,613 | €3,686 | ▼ 65.3% |
| Operating cash flow (approximation) | -€253,081 | -€10,106 | €16,179 | €29,733 | €100,148 | ▲ 237% |
| Investment in fixed assets (approximation) | - | €25 | €225 | -€49,950 | €1,927 | - |
| Change in cash | - | -€28,779 | €13,982 | - | - | - |
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 |
|---|---|---|---|---|
| 31-12-2013 | abbreviated format | 03-07-2014 | 2014-27100042 | |
| 31-12-2012 | abbreviated format | 16-07-2013 | 2013-31600162 | |
| 31-12-2011 | abbreviated format | 20-07-2012 | 2012-32100546 | |
| 31-12-2010 | abbreviated format | 04-07-2011 | 2011-26400416 | |
| 31-12-2009 | abbreviated format | 14-07-2010 | 2010-30400589 | |
| 31-12-2008 | abbreviated format | 15-07-2009 | 2009-42300036 | |
| 31-12-2007 | abbreviated format | 17-07-2008 | 2008-42700047 |