PAN
InactiveFinancials · financial year 2013, abbreviated format
Turnover
≈ €100,000
Estimated: probably between €53,000 and €190,000
Total assets
€62,025▲ 797×
2012 · €78
Net result
€9,224▲ 17×
2012 · €554
Working capital
€3,771
2012 · -€18,684
Trend over the years
2009 to 2013, 5 financial years 2009 to 2013, 5 financial years
The operating result falls in 2013; 2013 is 60% below 2012.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€11,249
2013
Net result€9,224
2013
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€62,025
2013
Equity-€9,460
2013
Debt€71,485
2013
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3,771
2013
Average staff in full-time equivalents (FTE).
Staff (FTE)2.4
2013
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20092010201120122013
Operating result-€44,543--€3,802▲ 91.5%-€182▲ 95.2%€28,345€11,249▼ 60.3%
Net result-€48,467-€79,455-€1,426€554€9,224▲ 17×
Equity-€97,267--€17,812▲ 81.7%-€19,238▼ 8.0%-€18,684▲ 2.9%-€9,460▲ 49.4%
Total assets€14,788-€4,821▼ 67.4%€3,282▼ 31.9%€78▼ 97.6%€62,025▲ 797×
Debt€112,055-€22,633▼ 79.8%€22,520▼ 0.5%€18,762▼ 16.7%€71,485▲ 281%
Working capital-€88,808--€18,684€3,771
Staff (FTE)0.8-2.4
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €62,025
Fixed assets
€38,280
Current assets
€23,746
Equity and liabilities
Equity-€9,460
Debt€71,485
Equity is negative: debt (€71,485) exceeds the balance-sheet total (€62,025).
Key figures and ratios
EBITDA
€15,425
Cash flow
€13,401
Solvency
-15.3%
Current ratio
1.19
Quick ratio
1.10
ROA
14.9%
Debt ≤ 1 year
€19,974▲
2012 · €18,762
Debt > 1 year
€51,511
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 | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,270 | €2,270 | €1,539 | - | €4,176 | - |
| Gross operating margin9900 | -€28,783 | -€814 | €1,357 | €31,750 | €27,733 | ▼ 12.7% |
| Operating profit (loss)9901 | -€44,543 | -€3,802 | -€182 | €28,345 | €11,249 | ▼ 60.3% |
| Recurring financial income75 | €7 | - | - | - | - | - |
| Recurring financial charges65 | €1,890 | €1,622 | €1,244 | €791 | €2,025 | ▲ 156% |
| Profit (loss) for the period before taxes9903 | -€48,467 | €79,455 | -€1,426 | €554 | €9,224 | ▲ 17× |
| Profit (loss) for the period9904 | -€48,467 | €79,455 | -€1,426 | €554 | €9,224 | ▲ 17× |
| Profit (loss) for the period to be appropriated9905 | -€48,467 | €79,455 | -€1,426 | €554 | €9,224 | ▲ 17× |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,788 | €4,821 | €3,282 | €78 | €62,025 | ▲ 797× |
| Fixed assets21/28 | €7,091 | €4,821 | €3,282 | - | €38,280 | - |
| Intangible fixed assets21 | - | - | - | - | €11,700 | - |
| Tangible fixed assets22/27 | €7,091 | €4,821 | €3,282 | - | €25,014 | - |
| Financial fixed assets28 | - | - | - | - | €1,565 | - |
| Current assets29/58 | €7,697 | - | - | €78 | €23,746 | ▲ 305× |
| Stocks and contracts in progress3 | - | - | - | - | €1,776 | - |
| Amounts receivable within one year40/41 | €7,697 | - | - | €78 | €17,227 | ▲ 221× |
| Cash at bank and in hand54/58 | - | - | - | - | €4,743 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,788 | €4,821 | €3,282 | €78 | €62,025 | ▲ 797× |
| Equity10/15 | -€97,267 | -€17,812 | -€19,238 | -€18,684 | -€9,460 | ▲ 49.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €47 | €47 | €47 | €47 | €47 | = |
| Profit (loss) carried forward14 | -€115,906 | -€36,451 | -€37,877 | -€37,323 | -€28,099 | ▲ 24.7% |
| Amounts payable17/49 | €112,055 | €22,633 | €22,520 | €18,762 | €71,485 | ▲ 281% |
| Amounts payable after more than one year17 | €15,550 | €6,180 | €2,834 | - | €51,511 | - |
| Amounts payable within one year42/48 | €96,505 | €16,453 | €19,686 | €18,762 | €19,974 | ▲ 6.5% |
| Trade debts44 | €85,077 | €982 | €506 | €302 | €9,650 | ▲ 32× |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€48,467 | €79,455 | -€1,426 | €554 | €9,224 | ▲ 17× |
| + Depreciation and write-downs630 | €2,270 | €2,270 | €1,539 | - | €4,176 | - |
| Operating cash flow (approximation) | -€46,197 | €81,725 | €114 | €554 | €13,401 | ▲ 24× |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2013 | abbreviated format | 25-08-2014 | 2014-45800144 |
| 31-12-2012 | abbreviated format | 19-07-2013 | 2013-33700171 |
| 31-12-2011 | abbreviated format | 26-07-2012 | 2012-35800366 |
| 31-12-2010 | abbreviated format | 27-08-2011 | 2011-48100094 |
| 31-12-2009 | abbreviated format | 14-07-2010 | 2010-30500109 |
| 31-12-2008 | abbreviated format | 29-08-2009 | 2009-74300136 |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-67100114 |
| 31-12-2006 | abbreviated format | 20-07-2007 | 2007-43300252 |
| 31-12-2005 | abbreviated format | 31-08-2006 | 2006-75502630 |
| 31-12-2004 | abbreviated format | 30-09-2005 | 2005-80304853 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.