LAC +
InactiveFinancials · financial year 2011, full format, standalone accounts
Annual accounts 2011 filed on 13-07-2012 PDF Consolidated accounts 2011 (PDF) all 36 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€630,481▼ 70.5%
2010 · €2.1m
Working capital
-€1.2m
2010 · €4.7m
Trend over the years
2007 to 2011, 5 financial years 2007 to 2011, 5 financial years
The operating result for 2011 is 86% higher than in 2010 and the highest since 2007. It is the second rise in a row, after the fall in 2009.
Operating result€0.2m
2011
Net result€0.6m
2011
Total assets€18.6m
2011
Equity€13.1m
2011
Debt€5.4m
2011
Working capital-€1.2m
2011
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20072008200920102011
Operating result-€0.02m-€0.03m-€0.009m€0.08m€0.2m▲ 85.7%
Net result€0.07m-€0.06m▼ 7.3%€0.06m▼ 8.5%€2.1m▲ 36×€0.6m▼ 70.5%
Equity€7.5m-€8.0m▲ 6.1%€7.9m▼ 0.7%€18.8m▲ 137%€13.1m▼ 30.2%
Total assets€9.2m-€10.0m▲ 8.2%€9.6m▼ 3.9%€21.8m▲ 127%€18.6m▼ 14.7%
Debt€1.5m-€1.9m▲ 23.7%€1.6m▼ 17.0%€2.9m▲ 85.2%€5.4m▲ 84.7%
Working capital-€0.5m--€0.1m▲ 80.6%-€0.2m▼ 68.3%€4.7m-€1.2m
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €18.6m
Fixed assets
€14.4m ▼ 0.1%
Current assets
€4.2m ▼ 43.1%
Equity and liabilities €18.6m
Equity
€13.1m ▼ 30.2%
Provisions
€84,197 ▲ 0.7%
Debt
€5.4m ▲ 84.7%
Debt's share of the balance-sheet total rises from 13.4% to 29.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€169,538▲
2010 · €92,867
Cash flow
€642,253▼
2010 · €2.1m
Current ratio
0.78▼
2010 · 2.73
ROE
4.8%▼
2010 · 11.4%
ROA
3.4%▼
2010 · 9.8%
Interest coverage
over 100
2010 · over 100
Debt ≤ 1 year
€5.4m▲
2010 · €2.7m
Income taxes
€332,793▲
2010 · €97,104
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Other operating income74 | - | - | - | €0.05m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.001m | - | - |
| Purchases600/8 | - | - | - | €0.001m | - | - |
| Services and other goods61 | - | - | - | €0.02m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.01m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €0.008m | €0.01m | ▲ 48.9% |
| Other operating charges640/8 | - | - | - | €0.009m | - | - |
| Gross operating margin9900 | -€0.03m | -€0.004m | -€0.002m | - | - | - |
| Operating profit (loss)9901 | -€0.02m | €0.03m | -€0.009m | €0.08m | €0.2m | ▲ 85.7% |
| Recurring financial income75 | €0.04m | €0.06m | €0.2m | €0.2m | €0.4m | ▲ 86.2% |
| Income from current assets751 | - | - | - | €0.006m | - | - |
| Other financial income752/9 | - | - | - | €0.2m | - | - |
| Recurring financial charges65 | €172 | €145 | €0.001m | -€0.003m | €0.1m | - |
| Debt charges650 | - | - | - | €175 | €0.001m | ▲ 380% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | -€0.004m | - | - |
| Other financial charges652/9 | - | - | - | €0.001m | - | - |
| Profit (loss) for the period before taxes9903 | €0.07m | €0.09m | €0.09m | €2.3m | €1.0m | ▼ 58.1% |
| Transfer to deferred taxes680 | - | - | - | €0.06m | - | - |
| Income taxes67/77 | - | €0.03m | €0.03m | €0.1m | €0.3m | ▲ 243% |
| Taxes670/3 | - | - | - | €0.1m | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €181 | - | - |
| Profit (loss) for the period9904 | €0.07m | €0.06m | €0.06m | €2.1m | €0.6m | ▼ 70.5% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.1m | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.07m | €0.06m | €0.06m | €2.0m | €0.6m | ▼ 68.9% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.2m | €10.0m | €9.6m | €21.8m | €18.6m | ▼ 14.7% |
| Fixed assets21/28 | €8.4m | €8.4m | €8.4m | €14.4m | €14.4m | ▼ 0.1% |
| Intangible fixed assets21 | - | - | - | €425 | - | - |
| Tangible fixed assets22/27 | - | - | €0 | €0.05m | €0.04m | ▼ 22.5% |
| Land and buildings22 | - | - | - | €0.05m | - | - |
| Plant, machinery and equipment23 | - | - | - | €406 | - | - |
| Furniture and vehicles24 | - | - | - | €0.006m | - | - |
| Financial fixed assets28 | €8.4m | €8.4m | €8.4m | €14.4m | €14.4m | = |
| Affiliated companies280/1 | - | - | - | €14.3m | - | - |
| Participating interests280 | - | - | - | €14.3m | - | - |
| Companies linked by participating interests282/3 | - | - | - | €0.03m | - | - |
| Participating interests282 | - | - | - | €0.03m | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.003m | - | - |
| Shares284 | - | - | - | €0.003m | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €226 | - | - |
| Current assets29/58 | €0.8m | €1.6m | €1.2m | €7.4m | €4.2m | ▼ 43.1% |
| Amounts receivable within one year40/41 | €0.8m | €1.6m | €1.2m | €4.5m | €1.3m | ▼ 70.9% |
| Trade receivables40 | - | - | - | €0.02m | - | - |
| Other amounts receivable41 | - | - | - | €4.4m | - | - |
| Current investments50/53 | - | - | - | €1.9m | €1.9m | = |
| Other investments51/53 | - | - | - | €1.9m | - | - |
| Cash at bank and in hand54/58 | €0.004m | €0.002m | €0.01m | €1.0m | €1.0m | ▼ 4.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.2m | €10.0m | €9.6m | €21.8m | €18.6m | ▼ 14.7% |
| Equity10/15 | €7.5m | €8.0m | €7.9m | €18.8m | €13.1m | ▼ 30.2% |
| Contributions10/11 | €6.5m | €6.9m | €6.9m | €15.6m | €9.3m | ▼ 40.3% |
| Capital10 | - | - | - | €15.6m | - | - |
| Issued capital100 | - | - | - | €15.6m | - | - |
| Contributions outside capital11 | - | - | - | €0.1m | - | - |
| Reserves13 | €2.0m | €2.0m | €1.9m | €2.1m | €2.1m | ▲ 0.1% |
| Legal reserve130 | - | - | - | €0.6m | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.9m | - | - |
| Tax-exempt reserves132 | - | - | - | €0.6m | - | - |
| Distributable reserves133 | - | - | - | €0.01m | - | - |
| Profit (loss) carried forward14 | -€1.1m | -€1.0m | -€1.0m | €1.0m | €1.6m | ▲ 61.9% |
| Provisions and deferred taxes16 | €0.2m | €0.1m | €0.1m | €0.08m | €0.08m | ▲ 0.7% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.02m | - | - |
| Pensions and similar obligations160 | - | - | - | €0.008m | - | - |
| Major repairs and maintenance162 | - | - | - | €0.006m | - | - |
| Deferred taxes168 | - | - | - | €0.06m | - | - |
| Amounts payable17/49 | €1.5m | €1.9m | €1.6m | €2.9m | €5.4m | ▲ 84.7% |
| Amounts payable after more than one year17 | - | - | - | €0.01m | - | - |
| Financial debts170/4 | - | - | - | €0.01m | - | - |
| Credit institutions173 | - | - | - | €0.01m | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.7m | €1.4m | €2.7m | €5.4m | ▲ 99.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | - | - |
| Trade debts44 | €0.1m | €0.09m | €467 | €0.4m | €0.03m | ▼ 93.5% |
| Suppliers440/4 | - | - | - | €0.4m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | - | - |
| Taxes450/3 | - | - | - | €0.1m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.004m | - | - |
| Other amounts payable47/48 | - | - | - | €2.2m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | - | - |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.07m | €0.06m | €0.06m | €2.1m | €0.6m | ▼ 70.5% |
| + Depreciation and write-downs630 | - | - | - | €0.008m | €0.01m | ▲ 48.9% |
| Operating cash flow (approximation) | €0.07m | €0.06m | €0.06m | €2.1m | €0.6m | ▼ 70.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€6.0m | €0.001m | - |
| Change in cash | - | -€0.002m | €0.01m | €1.0m | -€0.04m | - |
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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2011 | consolidated | 18-07-2012 | 2012-31500305 | |
| 31-12-2011 | full format | 13-07-2012 | 2012-30100191 | |
| 31-12-2010 | full format | 01-08-2011 | 2011-37500417 | |
| 31-12-2010 | consolidated | 01-08-2011 | 2011-37500571 | |
| 31-12-2009 | full format | 22-07-2010 | 2010-34100392 | |
| 31-12-2008 | full format | 02-07-2009 | 2009-37200354 | |
| 31-12-2007 | full format | 24-07-2008 | 2008-46300043 | |
| 31-12-2006 | full format | 18-07-2007 | 2007-42500218 | |
| 31-12-2005 | full format | 18-07-2006 | 2006-50003433 | |
| 31-12-2004 | full format | 19-07-2005 | 2005-52202799 |