HERDA
Open bankruptcyFinancials · financial year 2010, full format
Annual accounts 2010 filed on 31-10-2011 PDF all 6 filings
Turnover
≈ €90,000
Estimated: probably between €48,000 and €170,000
EBIT margin
Not included in this filing
Net result
€341
2009 · -€3,969
Working capital
-€85,802▼ 20.1%
2009 · -€71,446
Multi-year overview
2006 to 2010, 5 financial yearsOperating result
-€19,761
▼ 475%
2010
20062010
Net result
€341
2010
20062010
Equity
-€68,413
▲ 0.5%
2010
20062010
Total assets
€99,782
▲ 33.7%
2010
20062010
Debt
€168,196
▲ 17.3%
2010
20062010
Working capital
-€85,802
▼ 20.1%
2010
20062010
Staff (FTE)
3.1
=
2010
20062010
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20062007200820092010
Operating result€76,026--€68,849-€63,858▲ 7.2%-€3,436▲ 94.6%-€19,761▼ 475%
Net result€68,390--€81,707-€94,355▼ 15.5%-€3,969▲ 95.8%€341
Equity€111,275-€29,569▼ 73.4%-€64,786-€68,755▼ 6.1%-€68,413▲ 0.5%
Total assets€133,576-€62,607▼ 53.1%€74,565▲ 19.1%€74,636▲ 0.1%€99,782▲ 33.7%
Debt€22,301-€33,038▲ 48.1%€139,351▲ 322%€143,390▲ 2.9%€168,196▲ 17.3%
Working capital€104,908-€15,838▼ 84.9%-€72,567-€71,446▲ 1.5%-€85,802▼ 20.1%
Staff (FTE)10.9-3.9▼ 64.2%4▲ 2.6%3.1▼ 22.5%3.1=
The operating result for 2010 is a loss of €19,761, larger than the loss of €3,436 in 2009.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2010 in colour, 2009 as the grey bar beneath
Assets €99,782
Fixed assets
€17,389 ▲ 546%
Current assets
€82,394 ▲ 14.5%
Equity and liabilities
Equity-€68,413
Debt€168,196
Equity is negative. Debt (€168,196) exceeds the balance-sheet total (€99,782).
Key figures and ratios
EBITDA
-€12,741▼
2009 · €3,889
Cash flow
€7,362▲
2009 · €3,357
Solvency
-68.6%▲
2009 · -92.1%
Current ratio
0.49▼
2009 · 0.50
Quick ratio
0.07▲
2009 · 0.05
ROA
0.3%▲
2009 · -5.3%
Debt ≤ 1 year
€168,196▲
2009 · €143,390
Income taxes
€0▼
2009 · €2
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 | 2010 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,716 | €7,932 | €7,903 | €7,326 | €7,021 | ▼ 4.2% |
| Gross operating margin9900 | €308,831 | -€16,221 | €20,246 | €30,955 | €25,093 | ▼ 18.9% |
| Operating profit (loss)9901 | €76,026 | -€68,849 | -€63,858 | -€3,436 | -€19,761 | ▼ 475% |
| Recurring financial income75 | €94 | €124 | €17 | €12 | €1 | ▼ 91.1% |
| Recurring financial charges65 | €3,429 | €485 | €1,629 | €542 | €751 | ▲ 38.4% |
| Profit (loss) for the period before taxes9903 | €72,484 | -€69,210 | -€65,470 | -€3,967 | €341 | - |
| Income taxes67/77 | €4,094 | €12,496 | €28,885 | €2 | €0 | ▼ 95.0% |
| Profit (loss) for the period9904 | €68,390 | -€81,707 | -€94,355 | -€3,969 | €341 | - |
| Profit (loss) for the period to be appropriated9905 | €68,390 | -€81,707 | -€94,355 | -€3,969 | €341 | - |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,576 | €62,607 | €74,565 | €74,636 | €99,782 | ▲ 33.7% |
| Fixed assets21/28 | €6,367 | €15,089 | €7,781 | €2,691 | €17,389 | ▲ 546% |
| Tangible fixed assets22/27 | €6,367 | €15,089 | €7,781 | €2,691 | €17,389 | ▲ 546% |
| Current assets29/58 | €127,209 | €47,519 | €66,785 | €71,944 | €82,394 | ▲ 14.5% |
| Stocks and contracts in progress3 | €8,788 | €35,091 | €56,855 | €65,120 | €71,054 | ▲ 9.1% |
| Amounts receivable within one year40/41 | €116,100 | €10,457 | €5,047 | €1,612 | €4,259 | ▲ 164% |
| Cash at bank and in hand54/58 | €2,321 | €1,971 | €4,883 | €5,213 | €7,081 | ▲ 35.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,576 | €62,607 | €74,565 | €74,636 | €99,782 | ▲ 33.7% |
| Equity10/15 | €111,275 | €29,569 | -€64,786 | -€68,755 | -€68,413 | ▲ 0.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €92,675 | €10,969 | -€83,386 | -€87,355 | -€87,013 | ▲ 0.4% |
| Amounts payable17/49 | €22,301 | €33,038 | €139,351 | €143,390 | €168,196 | ▲ 17.3% |
| Amounts payable after more than one year17 | - | €1,358 | - | - | - | - |
| Amounts payable within one year42/48 | €22,301 | €31,681 | €139,351 | €143,390 | €168,196 | ▲ 17.3% |
| Trade debts44 | €3,962 | €8,210 | €20,661 | €7,321 | €18,417 | ▲ 152% |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,390 | -€81,707 | -€94,355 | -€3,969 | €341 | - |
| + Depreciation and write-downs630 | €2,716 | €7,932 | €7,903 | €7,326 | €7,021 | ▼ 4.2% |
| Operating cash flow (approximation) | €71,106 | -€73,775 | -€86,452 | €3,357 | €7,362 | ▲ 119% |
| Investment in fixed assets (approximation) | - | -€16,653 | -€595 | -€2,236 | -€21,718 | ▼ 871% |
| Change in cash | - | -€350 | €2,912 | €330 | €1,868 | ▲ 466% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2010 | full format | 31-10-2011 | 2011-59200263 | |
| 31-12-2009 | full format | 20-08-2010 | 2010-45300063 | |
| 31-12-2008 | full format | 28-08-2009 | 2009-70000212 | |
| 31-12-2007 | full format | 25-07-2008 | 2008-47100215 | |
| 31-12-2006 | full format | 06-07-2007 | 2007-36700103 | |
| 31-12-2005 | full format | 30-06-2006 | 2006-37403313 |