IMAGELEVEL
InactiveInactive; last annual accounts for fiscal year 2012.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2012 was due by 31-01-2013 and was filed on 21-01-2013, 10 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2012
10 d early
2011
36 d early
2010
18 d early
2009
32 d early
2008
38 d early
2007
35 d early
2006
14 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2012, full schema
Turnover
€1.21M▼ 54.4%
2011 · €2.65M
2009: €1.94M
2010: €3.33M
2011: €2.65M
2009 → 2012
EBIT margin
22.7%▼ 9.4pp
2011 · 32.1%
2009: 30.9%
2010: 26.8%
2011: 32.1%
2009 → 2012
Net result
€182k▼ 69.1%
2011 · €589k
2008: €268k
2009: €403k
2010: €611k
2011: €589k
2008 → 2012
Working capital
€1.74M▲ 10.6%
2011 · €1.57M
2008: €522k
2009: €943k
2010: €1.18M
2011: €1.57M
2008 → 2012
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20082009201020112012Trend
Turnover€1.94M€3.33M▲ 71.9%€2.65M▼ 20.4%€1.21M▼ 54.4%
Equity€633k-€1.08M▲ 70.4%€1.69M▲ 56.7%€2.28M▲ 34.8%€2.54M▲ 11.6%
Operating result€349k-€599k▲ 71.8%€894k▲ 49.3%€850k▼ 4.9%€274k▼ 67.8%
Net result€268k-€403k▲ 50.4%€611k▲ 51.7%€589k▼ 3.7%€182k▼ 69.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2012 is 68% below 2011 and is the lowest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €3.13M
Fixed assets
€803k ▲ 13.9%
Current assets
€2.33M ▼ 13.4%
Equity and liabilities €3.13M
Equity
€2.54M ▲ 11.6%
Debt
€589k ▼ 47.3%
Debt's share of the balance-sheet total falls from 32.9% to 18.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€335k▼
2011 · €958k
Cash flow
€243k▼
2011 · €696k
Current ratio
3.96▲
2011 · 2.41
Quick ratio
3.76▲
2011 · 2.31
ROE
7.2%▼
2011 · 25.8%
ROA
5.8%▼
2011 · 17.3%
Interest coverage
387.77▼
2011 · 751.55
Debt ≤ 1 year
€589k▼
2011 · €1.12M
Income taxes
€95k▼
2011 · €303k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2012 against 2011 · 27 lines
Balance sheet
Code20112012
Assets
Total assets20/58€3.40M€3.13M▼
Fixed assets21/28€704k€803k▲
Intangible fixed assets21€695k€795k▲
Tangible fixed assets22/27€9k€7k▼
Financial fixed assets28€450€450=
Current assets29/58€2.69M€2.33M▼
Stocks and contracts in progress3€109k€115k▲
Amounts receivable within one year40/41€2.22M€1.85M▼
Cash at bank and in hand54/58€358k€358k=
Equity and liabilities
Total equity and liabilities10/49€3.40M€3.13M▼
Equity10/15€2.28M€2.54M▲
Contributions10/11€62k€62k=
Reserves13€670k€670k=
Profit (loss) carried forward14€1.55M€1.81M▲
Amounts payable17/49€1.12M€589k▼
Amounts payable within one year42/48€1.12M€589k▼
Trade debts44€501k€84k▼
Income statement
Code20112012
Turnover70€2.65M€1.21M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€61k▼
Operating profit (loss)9901€850k€274k▼
Recurring financial income75€16k€5k▼
Recurring financial charges65€5k€3k▼
Debt charges650€1k€864▼
Profit (loss) for the period before taxes9903€891k€277k▼
Income taxes67/77€303k€95k▼
Profit (loss) for the period9904€589k€182k▼
Profit (loss) for the period to be appropriated9905€589k€182k▼
Timeline · acts, filings and financial milestones
2013
30-01
State Gazette act
Merger · Dissolution
Purpose change · Statutes amendment
21-01
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
18-10
State Gazette act
Merger · Power of attorney
Permanent representative · Accounting effect
30-06
Financial
Weakest financial yearnet €182k ▼69.1%
Net result drops to €182k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
31-12
Financial
Equity above €2MEq €2.28M ▲34.8%
4 profitable years in a row build equity to €2.28M.
13-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
31-12
Financial
Highest result since 2008net €611k ▲51.7%
Operating result €894k, net result €611k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
31-12
Financial
Equity above €1MEq €1.08M ▲70.4%
2 profitable years in a row build equity to €1.08M.
23-06
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
26-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
14-08
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 14 days late
2006
30-08
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:CORILUS