IMMOAF ASSURANCES, EN NEERLANDAIS : IMMOAF VERZEKERINGEN

Inactive

KBO/BCE: BE 0444.809.831

Inactive; last annual accounts for fiscal year 2010.

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IMMOAF ASSURANCES, EN NEERLANDAIS : IMMOAF VERZEKERINGENInactive

Risk analysis Report Compare

Signals

1 signal. The signal on the left, the evidence on the right.

○neutral

Latest accounts filed on time

The financial year that closed on 31-08-2010 was due by 31-03-2011 and was filed on 23-02-2011, 36 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2010

36 d early

2009

65 d early

2008

53 d late

2007

188 d late

2006

33 d early

2005

33 d early

2004

47 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

IMMOAF ASSURANCES, EN NEERLANDAIS : IMMOAF VERZEKERINGEN has filed 17 sets of annual accounts, the latest for fiscal year 2010.¹ In 2011 the company was absorbed by merger into NATIONALE SUISSE ASSURANCES.²

Financials · fiscal year 2010, full schema

Turnover

€1.2m▼ 0.6%

2009 · €1.2m

EBIT margin

0.0%▲ 6.4pp

2009 · -6.4%

Net result

-€2,615▲ 95.8%

2009 · -€62,358

Working capital

€112,485

2009 · -€71,030

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line2007200820092010

Turnover€4.0m-€1.9m▼ 51.7%€1.2m▼ 39.1%€1.2m▼ 0.6%

Operating result€91,452-€48,586▼ 46.9%-€75,115-€533▲ 99.3%

Net result€70,277-€80,678▲ 14.8%-€62,358-€2,615▲ 95.8%

EBIT margin2.3%-2.5%▲ 0.2pp-6.4%▼ 9.0pp0.0%▲ 6.4pp

Equity€242,444-€323,121▲ 33.3%€260,764▼ 19.3%€258,149▼ 1.0%

Total assets€2.5m-€3.0m▲ 22.5%€1.8m▼ 39.8%€1.3m▼ 27.7%

Debt€2.1m-€2.7m▲ 26.6%€1.6m▼ 42.2%€1.1m▼ 32.0%

Working capital€96,946--€85,037-€71,030▲ 16.5%€112,485

Staff (FTE)2.6-2.6=2.6=2.6=

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €533 in 2010 against €75,115 in 2009; the loss shrinks.

Balance-sheet composition

2010 in colour, 2009 as the grey bar beneath

Assets €1.3m

13.0%

87.0%

Fixed assets €171,556 ▼ 51.9%

Current assets €1.1m ▼ 21.9%

Equity and liabilities €1.3m

19.6%

79.9%

Equity €258,149 ▼ 1.0%

Provisions €6,375 ▼ 56.0%

Debt €1.1m ▼ 32.0%

Debt's share of the balance-sheet total falls from 84.9% to 79.9%. Equity and debt are lower.

Key figures and ratios

2010 value · change against 2009

EBITDA

€184,448▲

2009 · -€28,700

Cash flow

€182,366▲

2009 · -€15,943

Current ratio

1.11▲

2009 · 0.95

ROE

-1.0%▲

2009 · -23.9%

ROA

-0.2%▲

2009 · -3.4%

Debt ≤ 1 year

€1.0m▼

2009 · €1.5m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2010 against 2009 · 26 lines

Balance sheet Code20092010

Assets

Total assets20/58€1.8m€1.3m▼

Fixed assets21/28€356,537€171,556▼

Intangible fixed assets21€184,778€0▼

Tangible fixed assets22/27€368€166▼

Financial fixed assets28€171,390€171,390=

Current assets29/58€1.5m€1.1m▼

Amounts receivable within one year40/41€460,314€337,169▼

Current investments50/53€609,986€300,078▼

Cash at bank and in hand54/58€173,215€399,076▲

Equity and liabilities

Total equity and liabilities10/49€1.8m€1.3m▼

Equity10/15€260,764€258,149▼

Contributions10/11€101,612€101,612=

Reserves13€19,926€19,926=

Profit (loss) carried forward14€139,221€136,606▼

Provisions and deferred taxes16€14,483€6,375▼

Amounts payable17/49€1.6m€1.1m▼

Amounts payable within one year42/48€1.5m€1.0m▼

Trade debts44€1.5m€1.0m▼

Income statement Code20092010

Turnover70€1.2m€1.2m▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,415€184,980▲

Operating profit (loss)9901-€75,115-€533▲

Recurring financial income75€25,728€9,631▼

Recurring financial charges65€12,971€11,713▼

Profit (loss) for the period before taxes9903-€62,358-€2,615▲

Profit (loss) for the period9904-€62,358-€2,615▲

Profit (loss) for the period to be appropriated9905-€62,358-€2,615▲

Line	2007	2008	2009	2010	Change
Turnover70	€4.0m	€1.9m	€1.2m	€1.2m	▼ 0.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€35,012	€41,355	€46,415	€184,980	▲ 299%
Operating profit (loss)9901	€91,452	€48,586	-€75,115	-€533	▲ 99.3%
Recurring financial income75	€15,255	€34,138	€25,728	€9,631	▼ 62.6%
Recurring financial charges65	€28,470	€2,046	€12,971	€11,713	▼ 9.7%
Profit (loss) for the period before taxes9903	€70,277	€80,678	-€62,358	-€2,615	▲ 95.8%
Profit (loss) for the period9904	€70,277	€80,678	-€62,358	-€2,615	▲ 95.8%
Profit (loss) for the period to be appropriated9905	€70,277	€80,678	-€62,358	-€2,615	▲ 95.8%

Line	2007	2008	2009	2010	Change
Assets
Total assets20/58	€2.5m	€3.0m	€1.8m	€1.3m	▼ 27.7%
Fixed assets21/28	€260,577	€503,418	€356,537	€171,556	▼ 51.9%
Intangible fixed assets21	€114,334	€331,440	€184,778	€0	▼ 100%
Tangible fixed assets22/27	€809	€589	€368	€166	▼ 54.8%
Financial fixed assets28	€145,434	€171,390	€171,390	€171,390	=
Current assets29/58	€2.2m	€2.5m	€1.5m	€1.1m	▼ 21.9%
Amounts receivable within one year40/41	€867,376	€700,937	€460,314	€337,169	▼ 26.8%
Current investments50/53	€663,142	€818,826	€609,986	€300,078	▼ 50.8%
Cash at bank and in hand54/58	€428,316	€612,333	€173,215	€399,076	▲ 130%
Equity and liabilities
Total equity and liabilities10/49	€2.5m	€3.0m	€1.8m	€1.3m	▼ 27.7%
Equity10/15	€242,444	€323,121	€260,764	€258,149	▼ 1.0%
Contributions10/11	€101,612	€101,612	€101,612	€101,612	=
Reserves13	€19,926	€19,926	€19,926	€19,926	=
Profit (loss) carried forward14	€120,901	€201,579	€139,221	€136,606	▼ 1.9%
Provisions and deferred taxes16	€112,149	€25,487	€14,483	€6,375	▼ 56.0%
Amounts payable17/49	€2.1m	€2.7m	€1.6m	€1.1m	▼ 32.0%
Amounts payable within one year42/48	€2.1m	€2.6m	€1.5m	€1.0m	▼ 32.8%
Trade debts44	€2.1m	€2.6m	€1.5m	€1.0m	▼ 33.2%

Line	2007	2008	2009	2010	Change
Profit (loss) for the period9904	€70,277	€80,678	-€62,358	-€2,615	▲ 95.8%
+ Depreciation and write-downs630	€35,012	€41,355	€46,415	€184,980	▲ 299%
Operating cash flow (approximation)	€105,289	€122,033	-€15,943	€182,366	▲ 1,244%
Investment in fixed assets (approximation)	-	-€284,197	€100,467	€0	▼ 100%
Change in cash	-	€184,017	-€439,118	€225,860	▲ 151%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 14Financial 2Gazette 2Filings 10

2011

23-02

NBB filing Annual accounts filed

fiscal year 2010 · full schema

13-01

State Gazette act Merger · Accounting effect

Balance sheet date

2010

17-11

State Gazette act Merger

24-02

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2009

30-09

Financial Weakest financial yearnet -€62,358

Net result drops to -€62,358, the lowest in the series.

22-06

NBB filing Annual accounts filed

fiscal year 2008 · full schema · 53 days late

2008

04-11

NBB filing Annual accounts filed

fiscal year 2007 · full schema · 188 days late

30-09

Financial Highest result since 2007net €80,678 ▲14.8%

Net result €80,678, the highest in the series.

2007

28-03

NBB filing Annual accounts filed

fiscal year 2006 · full schema

2006

28-06

NBB filing Annual accounts filed

fiscal year 2005 · full schema

2005

14-06

NBB filing Annual accounts filed

fiscal year 2004 · full schema

2004

30-06

NBB filing Annual accounts filed

fiscal year 2003 · full schema

2003

01-07

NBB filing Annual accounts filed

fiscal year 2002 · full schema

2002

18-06

NBB filing Annual accounts filed

fiscal year 2001 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 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

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction

Taken over by:NATIONALE SUISSE ASSURANCES

BE 0403.274.332silent merger · State Gazette act of 13-01-2011 (2 acts)