IPM
InactiveFinancials · financial year 2007, abbreviated format
Annual accounts 2007 filed on 07-08-2008 PDF all 20 filings
Turnover
€6.5m▲ 21.5%
2006 · €5.3m
EBIT margin
-6.6%▼ 7.1pp
2006 · 0.5%
Net result
-€564,477▼ 14,310%
2006 · -€3,917
Working capital
€184,348
2006 · -€227,493
Multi-year overview
2006 to 2007, 2 financial yearsTurnover
€6.5m
▲ 21.5%
2007
20062007
Operating result
-€429,571
2007
20062007
Net result
-€564,477
▼ 14,310%
2007
20062007
EBIT margin
-6.6%
▼ 7.1pp
2007
20062007
Equity
€63,553
▼ 89.9%
2007
20062007
Total assets
€1.9m
▼ 27.5%
2007
20062007
Debt
€1.7m
▼ 18.0%
2007
20062007
Working capital
€184,348
2007
20062007
Staff (FTE)
10.2
▼ 17.1%
2007
20062007
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20062007
Turnover€5.3m-€6.5m▲ 21.5%
Operating result€0.03m--€0.4m
Net result-€0.004m--€0.6m▼ 14,310%
EBIT margin0.5%--6.6%▼ 7.1pp
Equity€0.6m-€0.06m▼ 89.9%
Total assets€2.7m-€1.9m▼ 27.5%
Debt€2.0m-€1.7m▼ 18.0%
Working capital-€0.2m-€0.2m
Staff (FTE)12.3-10.2▼ 17.1%
The operating result for 2007 is a loss of €429,571, after a profit of €26,419 in 2006.
Large changes and their cause
- 2007 Net result -14,310% on 2006. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2007 in colour, 2006 as the grey bar beneath
Assets €1.9m
Fixed assets
€110,309 ▼ 87.1%
Current assets
€1.8m ▲ 1.0%
Equity and liabilities €1.9m
Equity
€63,553 ▼ 89.9%
Provisions
€200,000
Debt
€1.7m ▼ 18.0%
Debt's share of the balance-sheet total rises from 76.3% to 86.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€383,334▼
2006 · €68,909
Cash flow
-€518,239▼
2006 · €38,573
Current ratio
1.11▲
2006 · 0.89
Quick ratio
1.09▲
2006 · 0.73
Debt to equity
0.49▲
2006 · 0.00
ROE
-888.2%▼
2006 · -0.6%
ROA
-29.3%▼
2006 · -0.1%
Debt ≤ 1 year
€1.6m▼
2006 · €2.0m
Debt > 1 year
€31,104▲
2006 · €1,879
Income taxes
€38▼
2006 · €43
Customer credit
94 days▲
2006 · 93 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Turnover70 | €5.3m | €6.5m | ▲ 21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.05m | ▲ 8.8% |
| Gross operating margin9900 | - | €0.5m | - |
| Operating profit (loss)9901 | €0.03m | -€0.4m | - |
| Recurring financial income75 | €0.008m | €0.005m | ▼ 39.2% |
| Recurring financial charges65 | €0.04m | €0.1m | ▲ 155% |
| Debt charges650 | €0.03m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.004m | -€0.6m | ▼ 14,467% |
| Income taxes67/77 | €43 | €38 | ▼ 10.2% |
| Profit (loss) for the period9904 | -€0.004m | -€0.6m | ▼ 14,310% |
| Profit (loss) for the period to be appropriated9905 | -€0.004m | -€0.6m | ▼ 14,310% |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.7m | €1.9m | ▼ 27.5% |
| Fixed assets21/28 | €0.9m | €0.1m | ▼ 87.1% |
| Intangible fixed assets21 | €122 | - | - |
| Tangible fixed assets22/27 | €0.8m | €0.06m | ▼ 92.7% |
| Financial fixed assets28 | €0.05m | €0.05m | = |
| Current assets29/58 | €1.8m | €1.8m | ▲ 1.0% |
| Stocks and contracts in progress3 | €0.3m | €0.04m | ▼ 86.9% |
| Amounts receivable within one year40/41 | €1.4m | €1.7m | ▲ 23.6% |
| Cash at bank and in hand54/58 | €0.04m | €0.08m | ▲ 137% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.7m | €1.9m | ▼ 27.5% |
| Equity10/15 | €0.6m | €0.06m | ▼ 89.9% |
| Contributions10/11 | €0.7m | €0.7m | = |
| Reserves13 | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.6m | ▼ 1,832% |
| Provisions and deferred taxes16 | - | €0.2m | - |
| Amounts payable17/49 | €2.0m | €1.7m | ▼ 18.0% |
| Amounts payable after more than one year17 | €0.002m | €0.03m | ▲ 17× |
| Amounts payable within one year42/48 | €2.0m | €1.6m | ▼ 19.4% |
| Trade debts44 | €0.9m | €0.9m | ▼ 0.5% |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€3,917 | -€564,477 | ▼ 14,310% |
| + Depreciation and write-downs630 | €42,490 | €46,238 | ▲ 8.8% |
| Operating cash flow (approximation) | €38,573 | -€518,239 | - |
| Investment in fixed assets (approximation) | - | €701,221 | - |
| Change in cash | - | €48,573 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2007 | abbreviated format | 07-08-2008 | 2008-54600038 | |
| 31-12-2006 | full format | 04-07-2007 | 2007-36500025 | |
| 31-12-2005 | full format | 07-07-2006 | 2006-41801017 | |
| 31-12-2004 | full format | 28-06-2005 | 2005-37602516 | |
| 31-12-2003 | full format | 26-03-2004 | 2004-09404756 | |
| 30-06-2003 | full format | 25-09-2003 | 2003-69601628 | |
| 31-12-2002 | full format | 31-07-2003 | 2003-59603767 | |
| 31-12-2001 | full format | 13-06-2002 | 2002-21600026 | |
| 31-12-2000 | full format | 08-06-2001 | 2001-19002563 | |
| 31-12-1999 | full format | 09-06-2000 | 2000-20504651 |