NEUROTECH
InactiveFinancials · financial year 2012, full format
Annual accounts 2012 filed on 22-04-2013 PDF all 18 filings
Turnover
€400,435
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€1.0m▼ 7.2%
2011 · -€977,598
Working capital
-€1.3m▼ 576%
2011 · -€197,674
Multi-year overview
2008 to 2012, 5 financial yearsTurnover
€400,435
2012
20082012
Operating result
-€895,056
▼ 1.2%
2012
20082012
Net result
-€1.0m
▼ 7.2%
2012
20082012
Equity
€552,931
2012
20082012
Total assets
€3.8m
▲ 7.8%
2012
20082012
Debt
€3.3m
▼ 11.3%
2012
20082012
Working capital
-€1.3m
▼ 576%
2012
20082012
Staff (FTE)
10
▲ 8.7%
2012
20082012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Turnover€0.4m
Operating result-€0.3m--€0.4m▼ 31.1%-€1.0m▼ 167%-€0.9m▲ 13.8%-€0.9m▼ 1.2%
Net result-€0.3m--€0.4m▼ 15.5%-€1.1m▼ 182%-€1.0m▲ 7.3%-€1.0m▼ 7.2%
Equity€1.9m-€1.4m▼ 23.7%€0.4m▼ 70.0%-€0.5m€0.6m
Total assets€2.7m-€2.4m▼ 11.9%€3.0m▲ 27.2%€3.6m▲ 16.8%€3.8m▲ 7.8%
Debt€0.5m-€0.7m▲ 30.7%€2.3m▲ 232%€3.7m▲ 60.1%€3.3m▼ 11.3%
Working capital€0.9m-€0.1m▼ 85.6%-€0.2m-€0.2m▼ 3.0%-€1.3m▼ 576%
Staff (FTE)6.6-7.3▲ 10.6%7.9▲ 8.2%9.2▲ 16.5%10▲ 8.7%
The operating result for 2012 is a loss of €895,056, larger than the loss of €884,622 in 2011.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €3.8m
Fixed assets
€3.3m ▲ 17.0%
Current assets
€514,338 ▼ 28.5%
Equity and liabilities €3.8m
Equity
€552,931
Debt
€3.3m
Debt's share of the balance-sheet total is 85.6%.
Key figures and ratios
EBITDA
-€885,338▼
2011 · -€874,884
Cash flow
-€1.0m▼
2011 · -€967,861
Current ratio
0.28▼
2011 · 0.78
Quick ratio
0.20▼
2011 · 0.60
Debt to equity
2.59
ROE
-189.6%
ROA
-27.3%▲
2011 · -27.5%
Debt ≤ 1 year
€1.9m▲
2011 · €916,779
Debt > 1 year
€1.4m▼
2011 · €2.6m
Income taxes
€32
Customer credit
316 days
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 | 2012 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €0.4m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.01m | €0.01m | €0.01m | ▼ 0.2% |
| Gross operating margin9900 | €0.1m | €0.07m | -€0.4m | -€0.09m | - | - |
| Operating profit (loss)9901 | -€0.3m | -€0.4m | -€1.0m | -€0.9m | -€0.9m | ▼ 1.2% |
| Recurring financial income75 | €0.003m | €0.003m | €430 | €0.002m | €0.004m | ▲ 73.5% |
| Recurring financial charges65 | €0.04m | €0.004m | €0.03m | €0.1m | €0.2m | ▲ 64.8% |
| Profit (loss) for the period before taxes9903 | -€0.3m | -€0.4m | -€1.1m | -€1.0m | -€1.0m | ▼ 7.2% |
| Income taxes67/77 | -€55 | -€85 | - | - | €32 | - |
| Profit (loss) for the period9904 | -€0.3m | -€0.4m | -€1.1m | -€1.0m | -€1.0m | ▼ 7.2% |
| Profit (loss) for the period to be appropriated9905 | -€0.3m | -€0.4m | -€1.1m | -€1.0m | -€1.0m | ▼ 7.2% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.4m | €3.0m | €3.6m | €3.8m | ▲ 7.8% |
| Fixed assets21/28 | €1.6m | €1.7m | €2.0m | €2.8m | €3.3m | ▲ 17.0% |
| Intangible fixed assets21 | €1.5m | €1.7m | €1.9m | €2.8m | €3.3m | ▲ 17.4% |
| Tangible fixed assets22/27 | €0.01m | €0.01m | €0.02m | €0.01m | €0.006m | ▼ 47.6% |
| Financial fixed assets28 | €0.1m | €0.03m | €0.03m | €0.02m | €0.02m | = |
| Current assets29/58 | €1.1m | €0.7m | €1.1m | €0.7m | €0.5m | ▼ 28.5% |
| Stocks and contracts in progress3 | - | - | €0.2m | €0.2m | €0.1m | ▼ 11.2% |
| Amounts receivable within one year40/41 | €0.6m | €0.5m | €0.3m | €0.4m | €0.3m | ▼ 20.0% |
| Current investments50/53 | €0.3m | - | €0.03m | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.6m | €0.1m | €0.01m | ▼ 87.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.4m | €3.0m | €3.6m | €3.8m | ▲ 7.8% |
| Equity10/15 | €1.9m | €1.4m | €0.4m | -€0.5m | €0.6m | - |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €3.6m | ▲ 315% |
| Profit (loss) carried forward14 | -€0.9m | -€1.2m | -€2.3m | -€3.3m | -€4.3m | ▼ 32.0% |
| Provisions and deferred taxes16 | €0.3m | €0.3m | €0.3m | €0.3m | - | - |
| Amounts payable17/49 | €0.5m | €0.7m | €2.3m | €3.7m | €3.3m | ▼ 11.3% |
| Amounts payable after more than one year17 | €0.3m | €0.1m | €1.1m | €2.6m | €1.4m | ▼ 44.9% |
| Amounts payable within one year42/48 | €0.2m | €0.5m | €1.3m | €0.9m | €1.9m | ▲ 102% |
| Trade debts44 | €0.09m | €0.3m | €0.6m | €0.5m | €0.2m | ▼ 56.0% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.3m | -€0.4m | -€1.1m | -€1.0m | -€1.0m | ▼ 7.2% |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.01m | €0.01m | €0.01m | ▼ 0.2% |
| Operating cash flow (approximation) | -€0.3m | -€0.3m | -€1.0m | -€1.0m | -€1.0m | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.3m | -€0.9m | -€0.5m | ▲ 43.2% |
| Change in cash | - | -€0.05m | €0.4m | -€0.4m | -€0.1m | ▲ 77.6% |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2012 | full format | 22-04-2013 | 2013-09300466 | |
| 31-12-2011 | full format | 15-06-2012 | 2012-18100338 | |
| 31-12-2010 | full format | 13-07-2011 | 2011-30100228 | |
| 31-12-2009 | full format | 10-08-2010 | 2010-39700317 | |
| 31-12-2008 | full format | 11-05-2009 | 2009-14400329 | |
| 31-12-2007 | full format | 09-06-2008 | 2008-20400327 | |
| 31-12-2006 | full format | 07-05-2007 | 2007-13600012 | |
| 31-12-2005 | full format | 16-05-2006 | 2006-14603757 | |
| 31-12-2004 | full format | 04-05-2005 | 2005-13900119 | |
| 31-12-2003 | full format | 20-04-2004 | 2004-11400048 |