SOCIETE INTERCOMMUNALE MIXTE D'ELECTRICITE ET DE GAZ
abbreviatedINTERMOSANEInactiveInactive; last annual accounts for fiscal year 2012.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2013 was due at the National Bank by 31-07-2014. Nothing is on record, 4442 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 01-07-2013, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2013
not filed
2012
30 d early
2011
32 d early
2010
12 d early
2009
23 d early
2008
28 d early
2007
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2012, full schema
Turnover
€89.7m▼ 2.3%
2011 · €91.7m
EBIT margin
17.1%▼ 0.9pp
2011 · 18.0%
Net result
€8.3m▼ 16.9%
2011 · €10.0m
Working capital
€20.5m▲ 49.0%
2011 · €13.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20082009201020112012
Turnover€77.6m-€88.7m▲ 14.3%€87.9m▼ 0.9%€91.7m▲ 4.4%€89.7m▼ 2.3%
Operating result€23.1m-€22.0m▼ 4.8%€16.5m▼ 24.8%€16.5m▲ 0.3%€15.4m▼ 7.1%
Net result€21.6m-€15.7m▼ 27.4%€9.8m▼ 37.4%€10.0m▲ 1.9%€8.3m▼ 16.9%
EBIT margin29.7%-24.8%▼ 5.0pp18.8%▼ 6.0pp18.0%▼ 0.7pp17.1%▼ 0.9pp
Equity€233.2m-€122.4m▼ 47.5%€114.3m▼ 6.7%€113.3m▼ 0.9%€116.9m▲ 3.3%
Total assets€408.9m-€351.0m▼ 14.2%€336.5m▼ 4.1%€326.2m▼ 3.1%€335.0m▲ 2.7%
Debt€174.6m-€228.3m▲ 30.8%€221.9m▼ 2.8%€212.5m▼ 4.3%€217.5m▲ 2.4%
Working capital€110.2m-€41.5m▼ 62.3%€20.1m▼ 51.7%€13.8m▼ 31.4%€20.5m▲ 49.0%
Staff (FTE)0.6-
Result per fiscal year
Operating resultNet result
The operating result falls in 2012; 2012 is 7% below 2011 and is the lowest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €335.0m
Fixed assets
€281.8m ▲ 2.7%
Current assets
€53.3m ▲ 2.8%
Equity and liabilities €335.0m
Equity
€116.9m ▲ 3.3%
Provisions
€623,579 ▲ 22.4%
Debt
€217.5m ▲ 2.4%
Debt's share of the balance-sheet total falls from 65.1% to 64.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25.7m▼
2011 · €26.6m
Cash flow
€18.7m▼
2011 · €20.1m
Current ratio
1.63▲
2011 · 1.36
Debt to equity
1.56▲
2011 · 1.51
ROE
7.1%▼
2011 · 8.8%
ROA
2.5%▼
2011 · 3.1%
Interest coverage
3.64▼
2011 · 3.93
Debt ≤ 1 year
€32.8m▼
2011 · €38.0m
Debt > 1 year
€182.2m▲
2011 · €171.1m
Income taxes
€3,101▼
2011 · €168,060
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €77.6m | €88.7m | €87.9m | €91.7m | €89.7m | ▼ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.7m | €7.3m | €9.7m | €10.1m | €10.4m | ▲ 3.1% |
| Operating profit (loss)9901 | €23.1m | €22.0m | €16.5m | €16.5m | €15.4m | ▼ 7.1% |
| Recurring financial income75 | €4.8m | €1.1m | €331,494 | €429,308 | €47,673 | ▼ 88.9% |
| Recurring financial charges65 | €6.0m | €7.2m | €7.0m | €6.8m | €7.1m | ▲ 4.4% |
| Debt charges650 | €6.0m | €6.6m | €6.9m | €6.8m | €7.1m | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | €22.0m | €15.8m | €9.9m | €10.2m | €8.3m | ▼ 18.3% |
| Income taxes67/77 | €358,308 | €77,257 | €44,740 | €168,060 | €3,101 | ▼ 98.2% |
| Profit (loss) for the period9904 | €21.6m | €15.7m | €9.8m | €10.0m | €8.3m | ▼ 16.9% |
| Profit (loss) for the period to be appropriated9905 | €21.6m | €15.7m | €9.8m | €10.0m | €8.3m | ▼ 16.9% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €408.9m | €351.0m | €336.5m | €326.2m | €335.0m | ▲ 2.7% |
| Fixed assets21/28 | €257.6m | €259.8m | €267.8m | €274.4m | €281.8m | ▲ 2.7% |
| Intangible fixed assets21 | €124.0m | - | - | - | €105,757 | - |
| Tangible fixed assets22/27 | €133.5m | €259.3m | €267.3m | €274.0m | €281.2m | ▲ 2.6% |
| Financial fixed assets28 | €86,890 | €484,353 | €462,393 | €462,393 | €462,393 | = |
| Current assets29/58 | €151.3m | €91.2m | €68.8m | €51.8m | €53.3m | ▲ 2.8% |
| Stocks and contracts in progress3 | €967,253 | €619,098 | €350,121 | €287,930 | €368,699 | ▲ 28.1% |
| Amounts receivable within one year40/41 | €44.0m | €53.8m | €32.7m | €16.6m | €17.8m | ▲ 7.4% |
| Current investments50/53 | €3.1m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €232,464 | €188,188 | €15,765 | €15,785 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €408.9m | €351.0m | €336.5m | €326.2m | €335.0m | ▲ 2.7% |
| Equity10/15 | €233.2m | €122.4m | €114.3m | €113.3m | €116.9m | ▲ 3.3% |
| Contributions10/11 | €112.5m | €37.4m | €37.4m | €39.0m | €41.7m | ▲ 6.8% |
| Reserves13 | €22.0m | €9.4m | €12.8m | €16.7m | €19.8m | ▲ 18.1% |
| Profit (loss) carried forward14 | €487,257 | €1.6m | €1.7m | €1.6m | €1.7m | ▲ 3.4% |
| Provisions and deferred taxes16 | €1.2m | €320,636 | €399,081 | €509,648 | €623,579 | ▲ 22.4% |
| Amounts payable17/49 | €174.6m | €228.3m | €221.9m | €212.5m | €217.5m | ▲ 2.4% |
| Amounts payable after more than one year17 | €133.4m | €178.4m | €170.7m | €171.1m | €182.2m | ▲ 6.5% |
| Amounts payable within one year42/48 | €41.1m | €49.7m | €48.7m | €38.0m | €32.8m | ▼ 13.9% |
| Trade debts44 | €4.4m | €6.0m | €7.8m | €5.6m | €5.4m | ▼ 2.1% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21.6m | €15.7m | €9.8m | €10.0m | €8.3m | ▼ 16.9% |
| + Depreciation and write-downs630 | €1.7m | €7.3m | €9.7m | €10.1m | €10.4m | ▲ 3.1% |
| Operating cash flow (approximation) | €23.3m | €23.1m | €19.6m | €20.1m | €18.7m | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | -€9.6m | -€17.7m | -€16.7m | -€17.7m | ▼ 6.1% |
| Change in cash | - | -€44,276 | -€172,423 | €20 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2014
10-01
State Gazette act
Incorporation · Merger
Dissolution · Founding capital
2013
10-07
State Gazette act
General meeting · Demerger
Capital increase · Share issue
01-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-12
Financial
Weakest financial yearnet €8.3m ▼16.9%
Net result drops to €8.3m, the lowest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
19-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
08-07
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
03-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
22-07
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
10-07
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
2006
03-07
NBB filing
Annual accounts filed
fiscal year 2005 · full schema
2005
27-07
NBB filing
Annual accounts filed
fiscal year 2004 · full schema
2004
28-07
NBB filing
Annual accounts filed
fiscal year 2003 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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About the unread acts
We know of 32 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
2 transactionsTaken over by:ORES Assets
Received in a demerger part of:TECTEO