MAXIMA
Open bankruptcyFrom the official registers: KBO 24 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2007, full format, standalone accounts
Latest annual accounts filed
Annual accounts 2007
- Financial year ended
- 31-12-2007
- Filed on
- 24-06-2008
- Format
- full format
- Reference
- 2008-28700215
Turnover
€16.4m▼ 47.3%
2006 · €31.1m
EBIT margin
-28.8%▼ 9.8pp
2006 · -19.0%
Net result
-€2.6m▲ 55.0%
2006 · -€5.8m
Working capital
-€7.1m▼ 43.2%
2006 · -€5.0m
Trend over the years
2006 to 2007, 2 financial years 2006 to 2007, 2 financial years
The operating result stays negative: a loss of €4.7m in 2007 against €5.9m in 2006; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€16.4m
2007
Operating result-€4.7m
2007
Net result-€2.6m
2007
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.7m
2007
Equity-€6.3m
2007
Debt€8.9m
2007
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€7.1m
2007
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-28.8%
2007
Average staff in full-time equivalents (FTE).
Staff (FTE)118.3
2007
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20062007
Turnover€31.1m-€16.4m▼ 47.3%
Operating result-€5.9m--€4.7m▲ 20.0%
Net result-€5.8m--€2.6m▲ 55.0%
EBIT margin-19.0%--28.8%▼ 9.8pp
Equity-€3.7m--€6.3m▼ 71.9%
Total assets€7.4m-€2.7m▼ 63.3%
Debt€11.1m-€8.9m▼ 19.4%
Working capital-€5.0m--€7.1m▼ 43.2%
Staff (FTE)141-118.3▼ 16.1%
Balance-sheet composition
2007 in colour, 2006 as the grey bar beneath
Assets €2.7m
Fixed assets
€1.1m ▼ 26.5%
Current assets
€1.6m ▼ 73.0%
Equity and liabilities
Equity-€6.3m
Debt€8.9m
Equity is negative: debt (€8.9m) exceeds the balance-sheet total (€2.7m).
Key figures and ratios
EBITDA
-€4.3m▲
2006 · -€5.3m
Cash flow
-€2.2m▲
2006 · -€5.3m
Solvency
-230.6%▼
2006 · -49.2%
Current ratio
0.18▼
2006 · 0.54
Quick ratio
0.09▼
2006 · 0.24
ROA
-96.5%▼
2006 · -78.7%
Interest coverage
-30.49▲
2006 · -62.07
Debt ≤ 1 year
€8.7m▼
2006 · €10.9m
Debt > 1 year
€175,000=
2006 · €175,000
Income taxes
-€48▼
2006 · €51
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | €31.1m | €16.4m | ▼ 47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.4m | ▼ 27.7% |
| Operating profit (loss)9901 | -€5.9m | -€4.7m | ▲ 20.0% |
| Recurring financial income75 | €0.06m | €0.007m | ▼ 86.8% |
| Recurring financial charges65 | €0.3m | €0.3m | ▲ 2.9% |
| Debt charges650 | €0.09m | €0.1m | ▲ 64.5% |
| Profit (loss) for the period before taxes9903 | -€5.8m | -€2.6m | ▲ 55.0% |
| Income taxes67/77 | €51 | -€48 | - |
| Profit (loss) for the period9904 | -€5.8m | -€2.6m | ▲ 55.0% |
| Profit (loss) for the period to be appropriated9905 | -€5.8m | -€2.6m | ▲ 55.0% |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €7.4m | €2.7m | ▼ 63.3% |
| Fixed assets21/28 | €1.5m | €1.1m | ▼ 26.5% |
| Intangible fixed assets21 | €0.3m | €0.1m | ▼ 59.4% |
| Tangible fixed assets22/27 | €1.2m | €1.0m | ▼ 19.6% |
| Financial fixed assets28 | €0.03m | €0.03m | ▲ 4.0% |
| Current assets29/58 | €5.9m | €1.6m | ▼ 73.0% |
| Stocks and contracts in progress3 | €3.2m | €0.8m | ▼ 76.0% |
| Amounts receivable within one year40/41 | €1.7m | €0.6m | ▼ 65.7% |
| Current investments50/53 | €0.03m | €0.03m | = |
| Cash at bank and in hand54/58 | €0.5m | €0.09m | ▼ 81.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €7.4m | €2.7m | ▼ 63.3% |
| Equity10/15 | -€3.7m | -€6.3m | ▼ 71.9% |
| Contributions10/11 | €4.1m | €4.1m | = |
| Reserves13 | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | -€8.2m | -€10.8m | ▼ 32.1% |
| Provisions and deferred taxes16 | €0.007m | €0.08m | ▲ 11× |
| Amounts payable17/49 | €11.1m | €8.9m | ▼ 19.4% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | €10.9m | €8.7m | ▼ 19.7% |
| Trade debts44 | €6.3m | €2.6m | ▼ 59.2% |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€5.8m | -€2.6m | ▲ 55.0% |
| + Depreciation and write-downs630 | €0.6m | €0.4m | ▼ 27.7% |
| Operating cash flow (approximation) | -€5.3m | -€2.2m | ▲ 57.9% |
| Investment in fixed assets (approximation) | - | €0.009m | - |
| Change in cash | - | -€0.4m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2007 | full format | 24-06-2008 | 2008-28700215 | |
| 31-12-2006 | full format | 22-06-2007 | 2007-27000343 | |
| 31-12-2005 | full format | 26-06-2006 | 2006-31800881 | |
| 31-12-2004 | full format | 08-07-2005 | 2005-44803468 | |
| 31-12-2003 | full format | 17-06-2004 | 2004-26304420 | |
| 31-12-2002 | full format | 17-06-2003 | 2003-24504753 | |
| 31-12-2001 | consolidated | 09-07-2002 | 2002-34900238 | |
| 31-12-2001 | full format | 27-06-2002 | 2002-28700789 | |
| 31-12-2000 | full format | 28-06-2001 | 2001-31002846 | |
| 31-12-1999 | full format | 04-08-2000 | 2000-49100268 |
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Of the 3,171 active companies whose main activity is retail sale of information and communication equipment (NACE 47400), figures are known for 1,832. 107 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.