Financials · financial year 2011, abbreviated format
Annual accounts 2011 filed on 03-05-2012 PDF all 5 filings
Turnover
≈ €150,000
Estimated: probably between €77,000 and €280,000
Total assets
€3.0m▼ 1.2%
2010 · €3.1m
Net result
€10,146▲ 10.4%
2010 · €9,193
Working capital
-€303,867▲ 5.3%
2010 · -€320,839
Trend over the years
2007 to 2011, 5 financial years
The operating result for 2011 is 4% higher than in 2010. It is the second rise in a row, after the fall in 2009.
Operating result€0.03m
2011
Net result€0.01m
2011
Total assets€3.0m
2011
Equity€2.7m
2011
Debt€0.4m
2011
Working capital-€0.3m
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-€0.006m-€0.04m€0.03m▼ 27.3%€0.03m▲ 8.4%€0.03m▲ 4.3%
Net result-€0.02m-€0.7m€0.2m▼ 76.4%€0.009m▼ 94.2%€0.01m▲ 10.4%
Equity-€0.004m-€2.5m€2.7m▲ 6.3%€2.7m▲ 0.3%€2.7m▲ 0.4%
Total assets€1.2m-€3.0m▲ 158%€3.1m▲ 1.7%€3.1m▲ 0.2%€3.0m▼ 1.2%
Debt€1.2m-€0.5m▼ 56.5%€0.4m▼ 20.7%€0.4m▼ 0.9%€0.4m▼ 11.4%
Working capital-€1.1m--€0.5m▲ 59.3%-€0.3m▲ 27.9%-€0.3m▲ 4.8%-€0.3m▲ 5.3%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €3.0m
Fixed assets
€3.0m ▼ 0.2%
Current assets
€33,560 ▼ 46.3%
Equity and liabilities €3.0m
Equity
€2.7m ▲ 0.4%
Debt
€355,427 ▼ 11.4%
Debt's share of the balance-sheet total falls from 13.0% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,377▲
2010 · €38,026
Cash flow
€16,972▲
2010 · €16,020
Current ratio
0.10▼
2010 · 0.16
ROE
0.4%▲
2010 · 0.3%
ROA
0.3%▲
2010 · 0.3%
Debt ≤ 1 year
€337,427▼
2010 · €383,354
Income taxes
€4,120▲
2010 · €3,783
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €850 | - | €6,826 | €6,826 | €6,826 | = |
| Gross operating margin9900 | -€5,176 | €40,005 | €38,178 | €39,279 | €40,766 | ▲ 3.8% |
| Operating profit (loss)9901 | -€6,373 | €39,596 | €28,779 | €31,200 | €32,551 | ▲ 4.3% |
| Recurring financial income75 | €59 | €659,912 | €152,454 | - | - | - |
| Recurring financial charges65 | €15,897 | €23,816 | €18,415 | €18,224 | €18,260 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | -€22,211 | €675,691 | €162,768 | €12,976 | €14,266 | ▲ 9.9% |
| Income taxes67/77 | - | €6,832 | €5,070 | €3,783 | €4,120 | ▲ 8.9% |
| Profit (loss) for the period9904 | -€22,211 | €668,859 | €157,699 | €9,193 | €10,146 | ▲ 10.4% |
| Profit (loss) for the period to be appropriated9905 | -€22,211 | €668,859 | €157,699 | €9,193 | €10,146 | ▲ 10.4% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €3.0m | €3.1m | €3.1m | €3.0m | ▼ 1.2% |
| Fixed assets21/28 | €1.2m | €3.0m | €3.0m | €3.0m | €3.0m | ▼ 0.2% |
| Tangible fixed assets22/27 | - | - | €0.03m | €0.02m | €0.01m | ▼ 33.3% |
| Financial fixed assets28 | €1.2m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Current assets29/58 | €0.02m | €0.03m | €0.05m | €0.06m | €0.03m | ▼ 46.3% |
| Amounts receivable within one year40/41 | €9 | €0.02m | €0.03m | €0.06m | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.007m | €0.02m | - | €0.03m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €3.0m | €3.1m | €3.1m | €3.0m | ▼ 1.2% |
| Equity10/15 | -€0.004m | €2.5m | €2.7m | €2.7m | €2.7m | ▲ 0.4% |
| Contributions10/11 | €0.02m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Reserves13 | - | €0.6m | €0.8m | €0.8m | €0.8m | ▲ 1.2% |
| Profit (loss) carried forward14 | -€0.02m | - | - | - | - | - |
| Amounts payable17/49 | €1.2m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 11.4% |
| Amounts payable within one year42/48 | €1.2m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 12.0% |
| Trade debts44 | - | €0.004m | €0.01m | €0.008m | €0.004m | ▼ 47.8% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.02m | €0.7m | €0.2m | €0.009m | €0.01m | ▲ 10.4% |
| + Depreciation and write-downs630 | €0.001m | - | €0.007m | €0.007m | €0.007m | = |
| Operating cash flow (approximation) | -€0.02m | €0.7m | €0.2m | €0.02m | €0.02m | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | -€1.8m | -€0.03m | €0 | €0 | - |
| Change in cash | - | -€0.01m | €0.02m | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2011 | abbreviated format | 03-05-2012 | 2012-10600310 | |
| 31-12-2010 | abbreviated format | 29-08-2011 | 2011-46800053 | |
| 31-12-2009 | abbreviated format | 20-07-2010 | 2010-32500270 | |
| 31-12-2008 | abbreviated format | 30-07-2009 | 2009-51700372 | |
| 31-12-2007 | abbreviated format | 14-08-2008 | 2008-56900145 |