MDSA

Dissolution or liquidation

Private limited company (pre-2019)founded 2010Avenue du Chêne 133, 4802 Verviers, BelgiumKBO/BCE: BE 0822.429.643

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MDSADissolution or liquidation

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Financials · financial year 2013, full format

Annual accounts 2013 filed on 24-04-2014 PDF all 4 filings

Turnover

€27,520▲ 11.9%

2012 · €24,603

EBIT margin

16.8%▼ 4.2pp

2012 · 21.0%

Net result

€2,739▼ 13.7%

2012 · €3,175

Working capital

€55,407▲ 5.2%

2012 · €52,669

Multi-year overview

2010 to 2013, 4 financial years

Turnover

€27,520

▲ 11.9% 2013

20102013

Operating result

€4,623

▼ 10.6% 2013

20102013

Net result

€2,739

▼ 13.7% 2013

20102013

EBIT margin

16.8%

▼ 4.2pp 2013

20102013

Equity

€55,407

▲ 5.2% 2013

20102013

Total assets

€58,039

▲ 4.9% 2013

20102013

Debt

€2,631

▼ 0.1% 2013

20102013

Working capital

€55,407

▲ 5.2% 2013

20102013

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line2010201120122013

Turnover€103,747-€27,362▼ 73.6%€24,603▼ 10.1%€27,520▲ 11.9%

Operating result€66,399-€2,812▼ 95.8%€5,172▲ 83.9%€4,623▼ 10.6%

Net result€41,471-€1,823▼ 95.6%€3,175▲ 74.1%€2,739▼ 13.7%

EBIT margin64.0%-10.3%▼ 53.7pp21.0%▲ 10.7pp16.8%▼ 4.2pp

Equity€47,671-€49,494▲ 3.8%€52,669▲ 6.4%€55,407▲ 5.2%

Total assets€74,993-€78,141▲ 4.2%€55,303▼ 29.2%€58,039▲ 4.9%

Debt€27,322-€28,647▲ 4.8%€2,634▼ 90.8%€2,631▼ 0.1%

Working capital€47,671-€49,494▲ 3.8%€52,669▲ 6.4%€55,407▲ 5.2%

The operating result for 2013 is 11% lower than in 2012.

Balance-sheet composition

2013 in colour, 2012 as the grey bar beneath

Equity and liabilities €58,039

95.5%

Equity €55,407 ▲ 5.2%

Debt €2,631 ▼ 0.1%

Debt's share of the balance-sheet total falls from 4.8% to 4.5%. Equity is higher and debt is lower.

Key figures and ratios

2013 value · change against 2012

Current ratio

22.06▲

2012 · 20.99

ROE

4.9%▼

2012 · 6.0%

ROA

4.7%▼

2012 · 5.7%

Debt ≤ 1 year

€2,631▼

2012 · €2,634

Income taxes

€1,945▼

2012 · €2,382

Customer credit

330 days▲

2012 · 185 days

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2013 against 2012 · 21 lines

Balance sheet Code20122013

Assets

Total assets20/58€55,303€58,039▲

Current assets29/58€55,303€58,039▲

Amounts receivable within one year40/41€12,455€24,852▲

Cash at bank and in hand54/58€42,848€33,187▼

Equity and liabilities

Total equity and liabilities10/49€55,303€58,039▲

Equity10/15€52,669€55,407▲

Contributions10/11€6,200€6,200=

Reserves13€1,860€1,860=

Profit (loss) carried forward14€44,609€47,347▲

Amounts payable17/49€2,634€2,631▼

Amounts payable within one year42/48€2,634€2,631▼

Trade debts44€84€190▲

Income statement Code20122013

Turnover70€24,603€27,520▲

Gross operating margin9900€5,418€4,910▼

Operating profit (loss)9901€5,172€4,623▼

Recurring financial income75€542€81▼

Recurring financial charges65€157€20▼

Profit (loss) for the period before taxes9903€5,556€4,684▼

Income taxes67/77€2,382€1,945▼

Profit (loss) for the period9904€3,175€2,739▼

Profit (loss) for the period to be appropriated9905€3,175€2,739▼

Source: Annual accounts 2013 (PDF), filed on 24-04-2014.

Line	2010	2011	2012	2013	Change
Turnover70	€103,747	€27,362	€24,603	€27,520	▲ 11.9%
Gross operating margin9900	€66,698	€2,931	€5,418	€4,910	▼ 9.4%
Operating profit (loss)9901	€66,399	€2,812	€5,172	€4,623	▼ 10.6%
Recurring financial income75	€231	€769	€542	€81	▼ 85.0%
Recurring financial charges65	€77	€159	€157	€20	▼ 87.3%
Profit (loss) for the period before taxes9903	€66,552	€3,422	€5,556	€4,684	▼ 15.7%
Income taxes67/77	€25,081	€1,599	€2,382	€1,945	▼ 18.3%
Profit (loss) for the period9904	€41,471	€1,823	€3,175	€2,739	▼ 13.7%
Profit (loss) for the period to be appropriated9905	€41,471	€1,823	€3,175	€2,739	▼ 13.7%

Line	2010	2011	2012	2013	Change
Assets
Total assets20/58	€74,993	€78,141	€55,303	€58,039	▲ 4.9%
Current assets29/58	€74,993	€78,141	€55,303	€58,039	▲ 4.9%
Amounts receivable within one year40/41	€11,603	€4,034	€12,455	€24,852	▲ 99.5%
Cash at bank and in hand54/58	€63,390	€74,107	€42,848	€33,187	▼ 22.5%
Equity and liabilities
Total equity and liabilities10/49	€74,993	€78,141	€55,303	€58,039	▲ 4.9%
Equity10/15	€47,671	€49,494	€52,669	€55,407	▲ 5.2%
Contributions10/11	€6,200	€6,200	€6,200	€6,200	=
Reserves13	€1,860	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	€39,611	€41,434	€44,609	€47,347	▲ 6.1%
Amounts payable17/49	€27,322	€28,647	€2,634	€2,631	▼ 0.1%
Amounts payable within one year42/48	€27,322	€28,647	€2,634	€2,631	▼ 0.1%
Trade debts44	€226	€407	€84	€190	▲ 126%

Line	2010	2011	2012	2013	Change
Profit (loss) for the period9904	€41,471	€1,823	€3,175	€2,739	▼ 13.7%
Operating cash flow (approximation)	€41,471	€1,823	€3,175	€2,739	▼ 13.7%
Change in cash	-	€10,717	-€31,259	-€9,661	▲ 69.1%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (4)

Financial year	Type	Filed	Reference	Document
31-12-2013	full format	24-04-2014	2014-09900080	PDF
31-12-2012	full format	21-05-2013	2013-12500292	PDF
31-12-2011	full format	21-05-2012	2012-12200167	PDF
31-12-2010	full format	09-06-2011	2011-15800113	PDF