GRAPHICS MICROSYSTEMS
InactiveFinancials · financial year 2009, full format
Annual accounts 2009 filed on 23-06-2010 PDF all 19 filings
Turnover
€669,254▼ 34.2%
2008 · €1.0m
EBIT margin
14.6%▼ 37.0pp
2008 · 51.6%
Net result
€57,364▼ 83.6%
2008 · €349,318
Working capital
€1.5m▲ 6.0%
2008 · €1.4m
Multi-year overview
2006 to 2009, 4 financial yearsTurnover
€669,254
▼ 34.2%
2009
20062009
Operating result
€97,512
▼ 81.4%
2009
20062009
Net result
€57,364
▼ 83.6%
2009
20062009
EBIT margin
14.6%
▼ 37.0pp
2009
20062009
Equity
€1.5m
▲ 4.1%
2009
20062009
Total assets
€2.9m
▲ 51.3%
2009
20062009
Debt
€1.4m
▲ 187%
2009
20062009
Working capital
€1.5m
▲ 6.0%
2009
20062009
Staff (FTE)
1.2
▼ 60.0%
2009
20062009
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2006200720082009
Turnover€0.5m-€0.7m▲ 27.4%€1.0m▲ 49.2%€0.7m▼ 34.2%
Operating result€0.7m-€0.6m▼ 12.0%€0.5m▼ 10.1%€0.1m▼ 81.4%
Net result€0.3m-€0.3m▲ 16.4%€0.3m▲ 8.5%€0.06m▼ 83.6%
EBIT margin124.0%-85.6%▼ 38.4pp51.6%▼ 34.0pp14.6%▼ 37.0pp
Equity€0.7m-€1.1m▲ 43.5%€1.4m▲ 32.9%€1.5m▲ 4.1%
Total assets€3.1m-€1.7m▼ 44.3%€1.9m▲ 10.9%€2.9m▲ 51.3%
Debt€2.3m-€0.7m▼ 72.1%€0.5m▼ 24.8%€1.4m▲ 187%
Working capital€0.7m-€1.0m▲ 51.8%€1.4m▲ 38.6%€1.5m▲ 6.0%
Staff (FTE)5-3.3▼ 34.0%3▼ 9.1%1.2▼ 60.0%
The operating result for 2009 is 81% lower than in 2008 and the lowest since 2006. It is the third fall in a row.
Balance-sheet composition
2009 in colour, 2008 as the grey bar beneath
Assets €2.9m
Fixed assets
€10,047 ▼ 64.6%
Current assets
€2.9m ▲ 53.0%
Equity and liabilities €2.9m
Equity
€1.5m ▲ 4.1%
Debt
€1.4m ▲ 187%
Debt's share of the balance-sheet total rises from 25.8% to 48.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€109,760▼
2008 · €540,309
Cash flow
€69,612▼
2008 · €365,128
Current ratio
2.09▼
2008 · 4.04
Quick ratio
2.09▼
2008 · 2.60
ROE
3.9%▼
2008 · 24.7%
ROA
2.0%▼
2008 · 18.4%
Interest coverage
over 100
2008 · over 100
Debt ≤ 1 year
€1.4m▲
2008 · €463,830
Income taxes
€36,472▼
2008 · €196,460
Customer credit
1430 days▲
2008 · 398 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Turnover70 | €0.5m | €0.7m | €1.0m | €0.7m | ▼ 34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 22.5% |
| Operating profit (loss)9901 | €0.7m | €0.6m | €0.5m | €0.1m | ▼ 81.4% |
| Recurring financial income75 | €0.01m | €0.01m | €0.08m | €0.003m | ▼ 97.0% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.06m | €0.006m | ▼ 90.1% |
| Debt charges650 | €0.007m | €0.005m | €0.002m | €0.001m | ▼ 66.9% |
| Profit (loss) for the period before taxes9903 | €0.5m | €0.5m | €0.5m | €0.09m | ▼ 82.8% |
| Income taxes67/77 | €0.2m | €0.2m | €0.2m | €0.04m | ▼ 81.4% |
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.3m | €0.06m | ▼ 83.6% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.3m | €0.3m | €0.06m | ▼ 83.6% |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.1m | €1.7m | €1.9m | €2.9m | ▲ 51.3% |
| Fixed assets21/28 | €0.07m | €0.05m | €0.03m | €0.01m | ▼ 64.6% |
| Intangible fixed assets21 | €0.006m | €0.004m | €0.001m | €0 | ▼ 100.0% |
| Tangible fixed assets22/27 | €0.05m | €0.03m | €0.02m | €0.01m | ▼ 52.2% |
| Financial fixed assets28 | €0.02m | €0.009m | €0.006m | - | - |
| Current assets29/58 | €3.0m | €1.7m | €1.9m | €2.9m | ▲ 53.0% |
| Stocks and contracts in progress3 | €0.8m | €0.7m | €0.7m | €0 | ▼ 100.0% |
| Amounts receivable within one year40/41 | €2.0m | €0.8m | €1.1m | €2.6m | ▲ 137% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.09m | €0.2m | ▲ 181% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.1m | €1.7m | €1.9m | €2.9m | ▲ 51.3% |
| Equity10/15 | €0.7m | €1.1m | €1.4m | €1.5m | ▲ 4.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.7m | €1.0m | €1.3m | €1.4m | ▲ 4.3% |
| Amounts payable17/49 | €2.3m | €0.7m | €0.5m | €1.4m | ▲ 187% |
| Amounts payable within one year42/48 | €2.3m | €0.7m | €0.5m | €1.4m | ▲ 196% |
| Trade debts44 | €0.7m | €0.5m | €0.1m | €0.1m | ▼ 26.7% |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €276,698 | €322,098 | €349,318 | €57,364 | ▼ 83.6% |
| + Depreciation and write-downs630 | €19,926 | €18,014 | €15,809 | €12,248 | ▼ 22.5% |
| Operating cash flow (approximation) | €296,625 | €340,112 | €365,128 | €69,612 | ▼ 80.9% |
| Investment in fixed assets (approximation) | - | €7,232 | €1,190 | €6,051 | ▲ 408% |
| Change in cash | - | -€55,922 | -€68,198 | €158,309 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2009 | full format | 23-06-2010 | 2010-20100456 | |
| 31-12-2008 | full format | 28-07-2009 | 2009-52000112 | |
| 31-12-2007 | full format | 27-08-2008 | 2008-66100109 | |
| 31-12-2006 | full format | 29-08-2007 | 2007-65300134 | |
| 31-12-2005 | full format | 25-08-2006 | 2006-67204476 | |
| 31-12-2004 | full format | 28-09-2005 | 2005-73100677 | |
| 31-12-2003 | full format | 17-09-2004 | 2004-65102906 | |
| 31-12-2002 | full format | 23-07-2003 | 2003-48503846 | |
| 31-12-2001 | full format | 21-10-2002 | 2002-66800132 | |
| 31-12-2000 | full format | 19-10-2001 | 2001-64800192 |