KEYOBS
InactiveFinancials · financial year 2011, full format
Annual accounts 2011 filed on 24-09-2012 PDF all 17 filings
Turnover
≈ €710,000
Estimated: probably between €430,000 and €1.2m
EBIT margin
Not included in this filing
Net result
€43,293▼ 60.4%
2010 · €109,457
Working capital
€21,375
2010 · -€38,477
Multi-year overview
2008 to 2011, 4 financial yearsOperating result
€66,285
▼ 50.8%
2011
20082011
Net result
€43,293
▼ 60.4%
2011
20082011
Equity
€71,410
▲ 154%
2011
20082011
Total assets
€574,219
▼ 22.8%
2011
20082011
Debt
€502,809
▼ 29.7%
2011
20082011
Working capital
€21,375
2011
20082011
Staff (FTE)
5
▲ 25.0%
2011
20082011
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2008200920102011
Operating result-€9,797--€264,101▼ 2,596%€134,643€66,285▼ 50.8%
Net result-€28,390--€275,664▼ 871%€109,457€43,293▼ 60.4%
Equity€194,324--€81,340€28,117€71,410▲ 154%
Total assets€452,415-€352,493▼ 22.1%€743,711▲ 111%€574,219▼ 22.8%
Debt€258,091-€433,833▲ 68.1%€715,594▲ 64.9%€502,809▼ 29.7%
Working capital€79,420--€163,723-€38,477▲ 76.5%€21,375
Staff (FTE)3.5-3.9▲ 11.4%4▲ 2.6%5▲ 25.0%
The operating result for 2011 is 51% lower than in 2010.
Large changes and their cause
- 2009 Net result -871% on 2008. This financial year ran 18 months, the previous one 12.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €574,219
Fixed assets
€64,350 ▼ 7.1%
Current assets
€509,869 ▼ 24.4%
Equity and liabilities €574,219
Equity
€71,410 ▲ 154%
Debt
€502,809 ▼ 29.7%
Debt's share of the balance-sheet total falls from 96.2% to 87.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€112,870▼
2010 · €179,727
Cash flow
€89,878▼
2010 · €154,541
Current ratio
1.04▲
2010 · 0.95
Debt to equity
0.19▲
2010 · 0.09
ROE
60.6%▼
2010 · 389.3%
ROA
7.5%▼
2010 · 14.7%
Debt ≤ 1 year
€488,494▼
2010 · €712,888
Debt > 1 year
€13,487▲
2010 · €2,501
Income taxes
€2▼
2010 · €597
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,579 | €67,048 | €45,084 | €46,585 | ▲ 3.3% |
| Gross operating margin9900 | €200,009 | €82,166 | €369,194 | €300,437 | ▼ 18.6% |
| Operating profit (loss)9901 | -€9,797 | -€264,101 | €134,643 | €66,285 | ▼ 50.8% |
| Recurring financial income75 | €6,665 | €29,726 | €2,650 | €4,561 | ▲ 72.1% |
| Recurring financial charges65 | €9,667 | €40,286 | €27,239 | €27,551 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | -€27,934 | -€275,661 | €110,054 | €43,295 | ▼ 60.7% |
| Income taxes67/77 | €456 | €3 | €597 | €2 | ▼ 99.7% |
| Profit (loss) for the period9904 | -€28,390 | -€275,664 | €109,457 | €43,293 | ▼ 60.4% |
| Profit (loss) for the period to be appropriated9905 | -€28,390 | -€275,664 | €109,457 | €43,293 | ▼ 60.4% |
| Line | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €452,415 | €352,493 | €743,711 | €574,219 | ▼ 22.8% |
| Fixed assets21/28 | €119,345 | €88,802 | €69,300 | €64,350 | ▼ 7.1% |
| Intangible fixed assets21 | €42,897 | €22,843 | €22,150 | €19,010 | ▼ 14.2% |
| Tangible fixed assets22/27 | €76,428 | €56,089 | €37,280 | €30,760 | ▼ 17.5% |
| Financial fixed assets28 | €20 | €9,870 | €9,870 | €14,580 | ▲ 47.7% |
| Current assets29/58 | €333,070 | €263,691 | €674,411 | €509,869 | ▼ 24.4% |
| Stocks and contracts in progress3 | - | - | €95,722 | €63,856 | ▼ 33.3% |
| Amounts receivable within one year40/41 | €328,418 | €118,508 | €416,322 | €396,565 | ▼ 4.7% |
| Cash at bank and in hand54/58 | - | €143,280 | €160,359 | €47,028 | ▼ 70.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €452,415 | €352,493 | €743,711 | €574,219 | ▼ 22.8% |
| Equity10/15 | €194,324 | -€81,340 | €28,117 | €71,410 | ▲ 154% |
| Contributions10/11 | €212,197 | €212,197 | €212,197 | €212,197 | = |
| Reserves13 | €8,250 | €8,250 | €8,250 | €8,250 | = |
| Profit (loss) carried forward14 | -€26,123 | -€301,787 | -€192,330 | -€149,037 | ▲ 22.5% |
| Amounts payable17/49 | €258,091 | €433,833 | €715,594 | €502,809 | ▼ 29.7% |
| Amounts payable after more than one year17 | €2,765 | €6,300 | €2,501 | €13,487 | ▲ 439% |
| Amounts payable within one year42/48 | €253,650 | €427,414 | €712,888 | €488,494 | ▼ 31.5% |
| Trade debts44 | €83,325 | €225,970 | €497,300 | €231,455 | ▼ 53.5% |
| Line | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,390 | -€275,664 | €109,457 | €43,293 | ▼ 60.4% |
| + Depreciation and write-downs630 | €45,579 | €67,048 | €45,084 | €46,585 | ▲ 3.3% |
| Operating cash flow (approximation) | €17,189 | -€208,616 | €154,541 | €89,878 | ▼ 41.8% |
| Investment in fixed assets (approximation) | - | -€36,505 | -€25,582 | -€41,635 | ▼ 62.8% |
| Change in cash | - | - | €17,079 | -€113,331 | - |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2011 | full format | 24-09-2012 | 2012-57500344 | |
| 31-12-2010 | full format | 15-06-2011 | 2011-17000554 | |
| 31-12-2009 | full format | 18-06-2010 | 2010-19300454 | |
| 30-06-2008 | full format | 03-11-2008 | 2008-80400388 | |
| 30-06-2007 | full format | 29-10-2007 | 2007-78800200 | |
| 30-06-2006 | full format | 25-10-2006 | 2006-84803537 | |
| 30-06-2005 | full format | 25-10-2005 | 2005-83600644 | |
| 30-06-2004 | full format | 05-11-2004 | 2004-78300236 | |
| 30-06-2003 | full format | 13-10-2003 | 2003-74301428 | |
| 30-06-2002 | full format | 04-11-2002 | 2002-69805040 |