GREENFRAME
Dissolution or liquidationFinancials · financial year 2009, full format
Turnover
≈ €190,000
Estimated: probably between €120,000 and €380,000
EBIT margin
Not included in this filing
Net result
€51,554
2008 · -€5,232
Working capital
€186,774▲ 42.5%
2008 · €131,068
Trend over the years
2006 to 2009, 4 financial years 2006 to 2009, 4 financial years
The operating result returns to profit in 2009: €64,183 after a loss of €7,449 in 2008, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€64,183
2009
Net result€51,554
2009
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€212,812
2009
Equity€192,738
2009
Debt€20,074
2009
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€186,774
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
Line2006200720082009
Operating result€29,236-€5,536▼ 81.1%-€7,449€64,183
Net result€21,062-€8,543▼ 59.4%-€5,232€51,554
Equity€137,872-€146,416▲ 6.2%€141,184▼ 3.6%€192,738▲ 36.5%
Total assets€142,258-€152,884▲ 7.5%€147,797▼ 3.3%€212,812▲ 44.0%
Debt€4,386-€6,468▲ 47.5%€6,613▲ 2.3%€20,074▲ 204%
Working capital€117,220-€131,253▲ 12.0%€131,068▼ 0.1%€186,774▲ 42.5%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2009 in colour, 2008 as the grey bar beneath
Assets €212,812
Fixed assets
€5,964 ▼ 41.0%
Current assets
€206,848 ▲ 50.2%
Equity and liabilities €212,812
Equity
€192,738 ▲ 36.5%
Debt
€20,074 ▲ 204%
Debt's share of the balance-sheet total rises from 4.5% to 9.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69,679▲
2008 · -€2,401
Cash flow
€57,050▲
2008 · -€184
Current ratio
10.30▼
2008 · 20.82
ROE
26.7%▲
2008 · -3.7%
ROA
24.2%▲
2008 · -3.5%
Debt ≤ 1 year
€20,074▲
2008 · €6,613
Income taxes
€14,273
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,505 | €5,488 | €5,048 | €5,496 | ▲ 8.9% |
| Gross operating margin9900 | €35,174 | €11,350 | -€2,059 | €70,031 | - |
| Operating profit (loss)9901 | €29,236 | €5,536 | -€7,449 | €64,183 | - |
| Recurring financial income75 | €1,722 | €1,940 | €2,339 | €1,714 | ▼ 26.7% |
| Recurring financial charges65 | €119 | €80 | €122 | €69 | ▼ 43.2% |
| Profit (loss) for the period before taxes9903 | €28,808 | €7,396 | -€5,232 | €65,828 | - |
| Income taxes67/77 | €7,746 | -€1,146 | - | €14,273 | - |
| Profit (loss) for the period9904 | €21,062 | €8,543 | -€5,232 | €51,554 | - |
| Profit (loss) for the period to be appropriated9905 | €21,062 | €8,543 | -€5,232 | €51,554 | - |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €142,258 | €152,884 | €147,797 | €212,812 | ▲ 44.0% |
| Fixed assets21/28 | €20,652 | €15,163 | €10,115 | €5,964 | ▼ 41.0% |
| Tangible fixed assets22/27 | €20,632 | €15,144 | €10,096 | €5,944 | ▼ 41.1% |
| Financial fixed assets28 | €20 | €20 | €20 | €20 | = |
| Current assets29/58 | €121,606 | €137,720 | €137,682 | €206,848 | ▲ 50.2% |
| Amounts receivable within one year40/41 | €34,874 | €16,473 | €24,263 | €34,948 | ▲ 44.0% |
| Current investments50/53 | - | €20,149 | €20,779 | - | - |
| Cash at bank and in hand54/58 | €86,732 | €99,128 | €92,115 | €171,384 | ▲ 86.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €142,258 | €152,884 | €147,797 | €212,812 | ▲ 44.0% |
| Equity10/15 | €137,872 | €146,416 | €141,184 | €192,738 | ▲ 36.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €98,210 | €98,211 | €101,860 | €101,860 | = |
| Profit (loss) carried forward14 | €21,062 | €29,605 | €20,724 | €72,278 | ▲ 249% |
| Amounts payable17/49 | €4,386 | €6,468 | €6,613 | €20,074 | ▲ 204% |
| Amounts payable within one year42/48 | €4,386 | €6,468 | €6,613 | €20,074 | ▲ 204% |
| Trade debts44 | €2,758 | €2,850 | €1,662 | €1,815 | ▲ 9.2% |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,062 | €8,543 | -€5,232 | €51,554 | - |
| + Depreciation and write-downs630 | €5,505 | €5,488 | €5,048 | €5,496 | ▲ 8.9% |
| Operating cash flow (approximation) | €26,567 | €14,031 | -€184 | €57,050 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,345 | - |
| Change in cash | - | €12,396 | -€7,013 | €79,269 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2009 | full format | 15-06-2010 | 2010-18500145 |
| 31-12-2008 | full format | 23-06-2009 | 2009-29100057 |
| 31-12-2007 | full format | 25-07-2008 | 2008-48000338 |
| 31-12-2006 | full format | 18-06-2007 | 2007-24600248 |
| 31-12-2005 | full format | 13-06-2006 | 2006-24000210 |
| 31-12-2004 | full format | 08-06-2005 | 2005-22603944 |
| 31-12-2003 | full format | 08-06-2004 | 2004-21702882 |
| 31-12-2002 | full format | 16-06-2003 | 2003-24402623 |
| 31-12-2001 | full format | 10-06-2002 | 2002-19104049 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.