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FLEET CORNER

Active Risk: very low
Non-profit associationfounded 2008active for 18 yearsAtletenlaan 3, 1020 Brussel, BelgiumKBO/BCE: BE 0897.504.475
Summary

FLEET CORNER has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2009 annual accounts show equity of €4,807 and a net result of -€34. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2009, full format

Turnover
≈ €3,400
Estimated: probably between €1,700 and €12,000
EBIT margin
Not included in this filing
Net result
-€34
2008 · €4,841
Working capital
€9,654▲ 52.7%
2008 · €6,321
Trend over the years

2008 to 2009, 2 financial years

The operating result falls in 2009; 2009 is 98% below 2008.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€88 2009 Net result-€34 2009

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20082009
Operating result€4,918-€88▼ 98.2%
Net result€4,841--€34
Equity€4,841-€4,807▼ 0.7%
Total assets€18,627-€17,686▼ 5.1%
Debt€13,786-€12,879▼ 6.6%
Working capital€6,321-€9,654▲ 52.7%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2009 in colour, 2008 as the grey bar beneath
Assets €17,686
Fixed assets €1,428
Current assets €16,258
Equity and liabilities €17,686
Equity €4,807 ▼ 0.7%
Debt €12,879 ▼ 6.6%
Debt's share of the balance-sheet total falls from 74.0% to 72.8%. Equity and debt are lower.
Key figures and ratios
2009 value · change against 2008
EBITDA
€802
Cash flow
€680
Current ratio
2.46▲
2008 · 1.51
ROE
-0.7%▼
2008 · 100.0%
ROA
-0.2%▼
2008 · 26.0%
Debt ≤ 1 year
€6,604▼
2008 · €12,306
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2009 against 2008 · 19 lines
Balance sheet Code20082009
Assets
Total assets20/58€18,627€17,686▼
Fixed assets21/28-€1,428
Intangible fixed assets21-€1,428
Current assets29/58€18,627€16,258▼
Amounts receivable within one year40/41-€8,778
Cash at bank and in hand54/58€12,819€7,480▼
Equity and liabilities
Total equity and liabilities10/49€18,627€17,686▼
Equity10/15€4,841€4,807▼
Profit (loss) carried forward14€4,841€4,807▼
Amounts payable17/49€13,786€12,879▼
Amounts payable within one year42/48€12,306€6,604▼
Trade debts44€6,659€5,749▼
Income statement Code20082009
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€714
Gross operating margin9900€4,918€802▼
Operating profit (loss)9901€4,918€88▼
Recurring financial income75-€36
Recurring financial charges65€77€154▲
Profit (loss) for the period before taxes9903€4,841-€30▼
Profit (loss) for the period9904€4,841-€34▼
Line20082009Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€714-
Gross operating margin9900€4,918€802▼ 83.7%
Operating profit (loss)9901€4,918€88▼ 98.2%
Recurring financial income75-€36-
Recurring financial charges65€77€154▲ 100%
Profit (loss) for the period before taxes9903€4,841-€30-
Profit (loss) for the period9904€4,841-€34-
Line20082009Change
Assets
Total assets20/58€18,627€17,686▼ 5.1%
Fixed assets21/28-€1,428-
Intangible fixed assets21-€1,428-
Current assets29/58€18,627€16,258▼ 12.7%
Amounts receivable within one year40/41-€8,778-
Cash at bank and in hand54/58€12,819€7,480▼ 41.6%
Equity and liabilities
Total equity and liabilities10/49€18,627€17,686▼ 5.1%
Equity10/15€4,841€4,807▼ 0.7%
Profit (loss) carried forward14€4,841€4,807▼ 0.7%
Amounts payable17/49€13,786€12,879▼ 6.6%
Amounts payable within one year42/48€12,306€6,604▼ 46.3%
Trade debts44€6,659€5,749▼ 13.7%
Line20082009Change
Profit (loss) for the period9904€4,841-€34-
+ Depreciation and write-downs630-€714-
Operating cash flow (approximation)€4,841€680▼ 86.0%
Change in cash--€5,339-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2009 full format 31-08-2010 2010-51200087
31-12-2008 full format 06-08-2009 2009-55000262

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.