FLEXCIPIO
InactiveFinancials · financial year 2011, full format
Annual accounts 2011 filed on 18-01-2013 PDF all 4 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,562▲ 98.3%
2010 · -€320,436
Working capital
-€178,081▼ 3.7%
2010 · -€171,719
Multi-year overview
2008 to 2011, 4 financial yearsOperating result
-€5,636
▲ 87.2%
2011
20082011
Net result
-€5,562
▲ 98.3%
2011
20082011
Equity
-€178,081
▼ 3.2%
2011
20082011
Total assets
€797
▼ 49.7%
2011
20082011
Debt
€178,878
▲ 2.7%
2011
20082011
Working capital
-€178,081
▼ 3.7%
2011
20082011
Staff (FTE)
no figure
2011
20082011
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2008200920102011
Operating result-€266,988--€301,985▼ 13.1%-€43,889▲ 85.5%-€5,636▲ 87.2%
Net result-€268,200--€306,383▼ 14.2%-€320,436▼ 4.6%-€5,562▲ 98.3%
Equity€454,300-€147,917▼ 67.4%-€172,519-€178,081▼ 3.2%
Total assets€544,853-€399,485▼ 26.7%€1,585▼ 99.6%€797▼ 49.7%
Debt€90,553-€251,568▲ 178%€174,104▼ 30.8%€178,878▲ 2.7%
Working capital€102,768--€123,326-€171,719▼ 39.2%-€178,081▼ 3.7%
Staff (FTE)1.1-2▲ 81.8%
The operating result for 2011 is a loss of €5,636, smaller than the loss of €43,889 in 2010.
Key figures and ratios
Debt ≤ 1 year
€178,878▲
2010 · €173,304
The ratios are withheld because a balance sheet total of €797 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,997 | €90,997 | €220 | - | - |
| Gross operating margin9900 | -€130,348 | -€159,186 | -€3,020 | -€4,257 | ▼ 41.0% |
| Operating profit (loss)9901 | -€266,988 | -€301,985 | -€43,889 | -€5,636 | ▲ 87.2% |
| Recurring financial income75 | €188 | €829 | - | €200 | - |
| Recurring financial charges65 | €1,400 | €5,227 | €4,210 | €126 | ▼ 97.0% |
| Profit (loss) for the period before taxes9903 | -€268,200 | -€306,383 | -€320,430 | -€5,562 | ▲ 98.3% |
| Income taxes67/77 | - | - | €6 | - | - |
| Profit (loss) for the period9904 | -€268,200 | -€306,383 | -€320,436 | -€5,562 | ▲ 98.3% |
| Profit (loss) for the period to be appropriated9905 | -€268,200 | -€306,383 | -€320,436 | -€5,562 | ▲ 98.3% |
| Line | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €544,853 | €399,485 | €1,585 | €797 | ▼ 49.7% |
| Fixed assets21/28 | €363,548 | €272,551 | - | - | - |
| Intangible fixed assets21 | €363,108 | €272,331 | - | - | - |
| Tangible fixed assets22/27 | €440 | €220 | - | - | - |
| Current assets29/58 | €181,305 | €126,934 | €1,585 | €797 | ▼ 49.7% |
| Amounts receivable within one year40/41 | €45,511 | €112,938 | €282 | - | - |
| Cash at bank and in hand54/58 | €134,058 | €13,962 | €13 | €421 | ▲ 32× |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €544,853 | €399,485 | €1,585 | €797 | ▼ 49.7% |
| Equity10/15 | €454,300 | €147,917 | -€172,519 | -€178,081 | ▼ 3.2% |
| Contributions10/11 | €722,500 | €722,500 | €722,500 | €722,500 | = |
| Profit (loss) carried forward14 | -€268,200 | -€574,583 | -€895,019 | -€900,581 | ▼ 0.6% |
| Amounts payable17/49 | €90,553 | €251,568 | €174,104 | €178,878 | ▲ 2.7% |
| Amounts payable within one year42/48 | €78,537 | €250,260 | €173,304 | €178,878 | ▲ 3.2% |
| Trade debts44 | €59,566 | €121,800 | €8,361 | €12,027 | ▲ 43.8% |
| Line | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€268,200 | -€306,383 | -€320,436 | -€5,562 | ▲ 98.3% |
| + Depreciation and write-downs630 | €90,997 | €90,997 | €220 | - | - |
| Operating cash flow (approximation) | -€177,203 | -€215,386 | -€320,216 | -€5,562 | ▲ 98.3% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - |
| Change in cash | - | -€120,096 | -€13,949 | €408 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.