GOODTIME
Dissolution or liquidationFinancials · financial year 2008, full format
Annual accounts 2008 filed on 17-08-2009 PDF all 3 filings
Turnover
≈ €160,000
Estimated: probably between €66,000 and €400,000
EBIT margin
Not included in this filing
Net result
€17,311▼ 84.9%
2007 · €114,821
Working capital
€30,561▲ 139%
2007 · €12,775
Multi-year overview
2006 to 2008, 3 financial yearsOperating result
€22,778
▼ 84.8%
2008
20062008
Net result
€17,311
▼ 84.9%
2008
20062008
Equity
€31,571
▲ 121%
2008
20062008
Total assets
€84,223
▼ 50.6%
2008
20062008
Debt
€52,652
▼ 66.3%
2008
20062008
Working capital
€30,561
▲ 139%
2008
20062008
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line200620072008
Operating result-€56,716-€150,129€22,778▼ 84.8%
Net result-€56,926-€114,821€17,311▼ 84.9%
Equity-€44,526-€14,260€31,571▲ 121%
Total assets€21,435-€170,452▲ 695%€84,223▼ 50.6%
Debt€65,961-€156,192▲ 137%€52,652▼ 66.3%
Working capital-€44,586-€12,775€30,561▲ 139%
The operating result for 2008 is 85% lower than in 2007.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2008 in colour, 2007 as the grey bar beneath
Assets €84,223
Fixed assets
€1,010 ▼ 32.0%
Current assets
€83,213 ▼ 50.8%
Equity and liabilities €84,223
Equity
€31,571 ▲ 121%
Debt
€52,652 ▼ 66.3%
Debt's share of the balance-sheet total falls from 91.6% to 62.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,253▼
2007 · €150,604
Cash flow
€17,786▼
2007 · €115,296
Current ratio
1.58▲
2007 · 1.08
ROE
54.8%▼
2007 · 805.2%
ROA
20.6%▼
2007 · 67.4%
Debt ≤ 1 year
€52,652▼
2007 · €156,192
Income taxes
€5,530▼
2007 · €30,228
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €475 | €475 | = |
| Gross operating margin9900 | -€56,606 | €150,604 | €23,474 | ▼ 84.4% |
| Operating profit (loss)9901 | -€56,716 | €150,129 | €22,778 | ▼ 84.8% |
| Recurring financial income75 | €55 | €212 | €202 | ▼ 4.8% |
| Recurring financial charges65 | €266 | €5,292 | €139 | ▼ 97.4% |
| Profit (loss) for the period before taxes9903 | -€56,926 | €145,049 | €22,841 | ▼ 84.3% |
| Income taxes67/77 | - | €30,228 | €5,530 | ▼ 81.7% |
| Profit (loss) for the period9904 | -€56,926 | €114,821 | €17,311 | ▼ 84.9% |
| Profit (loss) for the period to be appropriated9905 | -€56,926 | €114,821 | €17,311 | ▼ 84.9% |
| Line | 2006 | 2007 | 2008 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €21,435 | €170,452 | €84,223 | ▼ 50.6% |
| Fixed assets21/28 | €60 | €1,485 | €1,010 | ▼ 32.0% |
| Tangible fixed assets22/27 | - | €1,425 | €950 | ▼ 33.3% |
| Financial fixed assets28 | €60 | €60 | €60 | = |
| Current assets29/58 | €21,375 | €168,967 | €83,213 | ▼ 50.8% |
| Amounts receivable within one year40/41 | - | €3,999 | €8,533 | ▲ 113% |
| Cash at bank and in hand54/58 | €21,375 | €164,968 | €74,680 | ▼ 54.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €21,435 | €170,452 | €84,223 | ▼ 50.6% |
| Equity10/15 | -€44,526 | €14,260 | €31,571 | ▲ 121% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€56,926 | - | €17,311 | - |
| Amounts payable17/49 | €65,961 | €156,192 | €52,652 | ▼ 66.3% |
| Amounts payable within one year42/48 | €65,961 | €156,192 | €52,652 | ▼ 66.3% |
| Trade debts44 | €6,663 | €12,064 | €1,820 | ▼ 84.9% |
| Line | 2006 | 2007 | 2008 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€56,926 | €114,821 | €17,311 | ▼ 84.9% |
| + Depreciation and write-downs630 | - | €475 | €475 | = |
| Operating cash flow (approximation) | -€56,926 | €115,296 | €17,786 | ▼ 84.6% |
| Investment in fixed assets (approximation) | - | -€1,900 | €0 | - |
| Change in cash | - | €143,592 | -€90,288 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.