HIGH TECH VISION
Open bankruptcyFinancials · financial year 2012, full format
Annual accounts 2012 filed on 11-04-2013 PDF all 3 filings
Turnover
≈ €990,000
Estimated: probably between €660,000 and €1.3m
EBIT margin
Not included in this filing
Net result
-€13,455
2011 · €18,445
Working capital
€51,438
2011 · -€53,549
Multi-year overview
2010 to 2012, 3 financial yearsOperating result
€39,329
▲ 51.9%
2012
20102012
Net result
-€13,455
2012
20102012
Equity
€297,563
▼ 4.3%
2012
20102012
Total assets
€2.2m
▲ 83.5%
2012
20102012
Debt
€1.9m
▲ 115%
2012
20102012
Working capital
€51,438
2012
20102012
Staff (FTE)
7.6
▼ 15.6%
2012
20102012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201020112012
Operating result-€0.006m-€0.03m€0.04m▲ 51.9%
Net result-€0.02m-€0.02m-€0.01m
Equity€0.05m-€0.3m▲ 515%€0.3m▼ 4.3%
Total assets€0.7m-€1.2m▲ 67.5%€2.2m▲ 83.5%
Debt€0.7m-€0.9m▲ 32.8%€1.9m▲ 115%
Working capital-€0.2m--€0.05m▲ 71.6%€0.05m
Staff (FTE)0.4-9▲ 23×7.6▼ 15.6%
The operating result for 2012 is 52% higher than in 2011 and the highest since 2010. It is the second rise in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €2.2m
Fixed assets
€683,299 ▲ 2.0%
Current assets
€1.5m ▲ 191%
Equity and liabilities €2.2m
Equity
€297,563 ▼ 4.3%
Debt
€1.9m ▲ 115%
Debt's share of the balance-sheet total rises from 73.6% to 86.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€228,101▲
2011 · €140,023
Cash flow
€175,317▲
2011 · €132,573
Current ratio
1.04▲
2011 · 0.90
Quick ratio
0.40▼
2011 · 0.66
Debt to equity
1.46▲
2011 · 0.98
ROE
-4.5%▼
2011 · 5.9%
ROA
-0.6%▼
2011 · 1.6%
Debt ≤ 1 year
€1.4m▲
2011 · €560,757
Debt > 1 year
€433,329▲
2011 · €303,717
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,020 | €114,128 | €188,773 | ▲ 65.4% |
| Gross operating margin9900 | €118,354 | €295,084 | €489,623 | ▲ 65.9% |
| Operating profit (loss)9901 | -€5,562 | €25,895 | €39,329 | ▲ 51.9% |
| Recurring financial income75 | €1,800 | €8,449 | €1,202 | ▼ 85.8% |
| Recurring financial charges65 | €15,665 | €15,899 | €53,986 | ▲ 240% |
| Profit (loss) for the period before taxes9903 | -€19,426 | €18,445 | -€13,455 | - |
| Profit (loss) for the period9904 | -€19,426 | €18,445 | -€13,455 | - |
| Profit (loss) for the period to be appropriated9905 | -€19,426 | €18,445 | -€13,455 | - |
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.7m | €1.2m | €2.2m | ▲ 83.5% |
| Formation expenses20 | €0.001m | €0.001m | €0.001m | ▼ 33.3% |
| Fixed assets21/28 | €0.4m | €0.7m | €0.7m | ▲ 2.0% |
| Intangible fixed assets21 | - | €0.005m | €0.02m | ▲ 229% |
| Tangible fixed assets22/27 | €0.4m | €0.7m | €0.6m | ▼ 2.2% |
| Financial fixed assets28 | - | - | €0.02m | - |
| Current assets29/58 | €0.3m | €0.5m | €1.5m | ▲ 191% |
| Stocks and contracts in progress3 | €0.05m | €0.1m | €0.9m | ▲ 574% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.6m | ▲ 80.6% |
| Cash at bank and in hand54/58 | €0.001m | €0.005m | €296 | ▼ 94.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.7m | €1.2m | €2.2m | ▲ 83.5% |
| Equity10/15 | €0.05m | €0.3m | €0.3m | ▼ 4.3% |
| Contributions10/11 | €0.07m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.001m | -€0.01m | ▼ 1,371% |
| Amounts payable17/49 | €0.7m | €0.9m | €1.9m | ▲ 115% |
| Amounts payable after more than one year17 | €0.1m | €0.3m | €0.4m | ▲ 42.7% |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €1.4m | ▲ 154% |
| Trade debts44 | €0.1m | €0.1m | €0.9m | ▲ 473% |
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,426 | €18,445 | -€13,455 | - |
| + Depreciation and write-downs630 | €103,020 | €114,128 | €188,773 | ▲ 65.4% |
| Operating cash flow (approximation) | €83,593 | €132,573 | €175,317 | ▲ 32.2% |
| Investment in fixed assets (approximation) | - | -€378,913 | -€202,128 | ▲ 46.7% |
| Change in cash | - | €3,906 | -€4,883 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.