IRDOE
InactiveInactive; last annual accounts for fiscal year 2013.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2013 was due by 30-04-2014 and was filed on 18-06-2014, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2013
49 d late
2012
5 d early
2011
7 d early
2010
2 d early
2009
10 d late
2008
30 d early
2007
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2012, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€100k
2009 · €0
2009: €0
2010: €100k
2009 → 2010
EBIT margin
91.3%
Net result
€-6k▼ 175%
2011 · €-2k
2009: €120k
2010: €128k▲ +7.1% vs 2009highest in 4 years
2011: €-2k▼ -102% vs 2010
2012: €-6k▼ -175% vs 2011lowest in 4 years
2009 → 2012
Working capital
€-66k▼ 4.9%
2011 · €-63k
2009: €-45khighest in 4 years
2010: €-61k▼ -36.2% vs 2009
2011: €-63k▼ -3.1% vs 2010
2012: €-66k▼ -4.9% vs 2011lowest in 4 years
2009 → 2012
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2009201020112012Trend
Turnover€0-€100k
2009: €0
2010: €100k
Equity€160k-€52k▼ 67.5%€50k▼ 4.5%€43k▼ 12.9%
2009: €160khighest in 4 years
2010: €52k▼ -67.5% vs 2009
2011: €50k▼ -4.5% vs 2010
2012: €43k▼ -12.9% vs 2011lowest in 4 years
Operating result€117k-€91k▼ 21.9%€-2k€-2k▼ 26.6%
2009: €117khighest in 4 years
2010: €91k▼ -21.9% vs 2009
2011: €-2k▼ -102% vs 2010
2012: €-2k▼ -26.6% vs 2011lowest in 4 years
Net result€120k-€128k▲ 7.1%€-2k€-6k▼ 175%
2009: €120k
2010: €128k▲ +7.1% vs 2009highest in 4 years
2011: €-2k▼ -102% vs 2010
2012: €-6k▼ -175% vs 2011lowest in 4 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2012 against €2k in 2011; the loss grows and 2012 has the lowest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €121k
Fixed assets
€113k =
Current assets
€8k ▼ 73.1%
Equity and liabilities €121k
Equity
€43k ▼ 12.9%
Debt
€78k ▼ 16.8%
Debt's share of the balance-sheet total falls from 65.4% to 64.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.11▼
2011 · 0.32
ROE
-14.9%▼
2011 · -4.7%
ROA
-5.3%▼
2011 · -1.6%
Debt ≤ 1 year
€74k▼
2011 · €93k
Income taxes
€-175▼
2011 · €-116
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 · 22 lines
Balance sheet
Code20112012
Assets
Total assets20/58€143k€121k▼
Fixed assets21/28€113k€113k=
Financial fixed assets28€113k€113k=
Current assets29/58€30k€8k▼
Amounts receivable within one year40/41€19k-
Cash at bank and in hand54/58€12k€8k▼
Equity and liabilities
Total equity and liabilities10/49€143k€121k▼
Equity10/15€50k€43k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€29k€23k▼
Amounts payable17/49€94k€78k▼
Amounts payable within one year42/48€93k€74k▼
Trade debts44€465€967▲
Income statement
Code20112012
Operating profit (loss)9901€-2k€-2k▼
Recurring financial income75€83€6▼
Recurring financial charges65€607€4k▲
Debt charges650€452€4k▲
Profit (loss) for the period before taxes9903€-2k€-7k▼
Income taxes67/77€-116€-175▼
Profit (loss) for the period9904€-2k€-6k▼
Profit (loss) for the period to be appropriated9905€-2k€-6k▼
Accounts by statement
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Turnover70 | €0 | €100k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | - | - | - | - |
| Gross operating margin9900 | €128k | - | - | - | - |
| Operating profit (loss)9901 | €117k | €91k | €-2k | €-2k | ▼ 26.6% |
| Recurring financial income75 | €88k | €40k | €83 | €6 | ▼ 92.8% |
| Recurring financial charges65 | €5k | €877 | €607 | €4k | ▲ 586% |
| Debt charges650 | - | €665 | €452 | €4k | ▲ 742% |
| Profit (loss) for the period before taxes9903 | €161k | €130k | €-2k | €-7k | ▼ 169% |
| Income taxes67/77 | €41k | €2k | €-116 | €-175 | ▼ 50.9% |
| Profit (loss) for the period9904 | €120k | €128k | €-2k | €-6k | ▼ 175% |
| Profit (loss) for the period to be appropriated9905 | €120k | €128k | €-2k | €-6k | ▼ 175% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €320k | €147k | €143k | €121k | ▼ 15.5% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €142k | €113k | €113k | €113k | = |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €29k | - | - | - | - |
| Financial fixed assets28 | €113k | €113k | €113k | €113k | = |
| Current assets29/58 | €187k | €34k | €30k | €8k | ▼ 73.1% |
| Stocks and contracts in progress3 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €100k | €22k | €19k | - | - |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €87k | €12k | €12k | €8k | ▼ 30.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €320k | €147k | €143k | €121k | ▼ 15.5% |
| Equity10/15 | €160k | €52k | €50k | €43k | ▼ 12.9% |
| Contributions10/11 | €6k | €19k | €19k | €19k | = |
| Reserves13 | €153k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €0 | €31k | €29k | €23k | ▼ 22.0% |
| Provisions and deferred taxes16 | €0 | - | - | - | - |
| Amounts payable17/49 | €253k | €95k | €94k | €78k | ▼ 16.8% |
| Amounts payable after more than one year17 | €30k | - | - | - | - |
| Amounts payable within one year42/48 | €232k | €95k | €93k | €74k | ▼ 20.5% |
| Trade debts44 | €912 | €5k | €465 | €967 | ▲ 108% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €120k | €128k | €-2k | €-6k | ▼ 175% |
| + Depreciation and write-downs630 | €10k | - | - | - | - |
| Operating cash flow (approximation) | €130k | €128k | €-2k | €-6k | ▼ 175% |
| Investment in fixed assets (approximation) | - | €29k | €0 | €0 | - |
| Change in cash | - | €-75k | €-241 | €-3k | ▼ 1,352% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 49 days late
22-05
State Gazette act
General meeting · Merger
Accounting effect · Approval
2013
25-11
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
20-11
State Gazette act
Merger
26-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
29-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
31-12
Financial
Highest result since 2009net €128k ▲7.1%
Net result €128k, the highest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 10 days late
2009
01-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
03-07
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
Show earlier events
2007
28-06
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
2006
07-07
NBB filing
Annual accounts filed
fiscal year 2005 · full schema
2005
29-09
NBB filing
Annual accounts filed
fiscal year 2004 · full schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:Senior Assist