Summary
For the legal form of POWER - ONE, Checked does not compute a bankruptcy probability. The 2012 annual accounts show equity of €2.2m and a net result of €302,681. Equity is growing by ~12.6% per year across the filed fiscal years. The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2012 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2012 · tick = 2011
Profitability84▲+36
Solvency100=
Growth52▼-2
Track record100
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 16-09-2013, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2012, full schema
Turnover
€2.7m▼ 25.7%
2011 · €3.6m
EBIT margin
15.8%▲ 10.4pp
2011 · 5.4%
Net result
€302,681▲ 95.5%
2011 · €154,852
Working capital
€2.2m▲ 21.4%
2011 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20082009201020112012
Turnover€4.6m-€3.7m▼ 21.0%€4.4m▲ 19.2%€3.6m▼ 17.8%€2.7m▼ 25.7%
Operating result€15,264--€253,648€390,525€193,978▼ 50.3%€419,985▲ 117%
Net result€39,917--€194,957€359,727€154,852▼ 57.0%€302,681▲ 95.5%
EBIT margin0.3%--6.9%▼ 7.3pp9.0%▲ 15.9pp5.4%▼ 3.5pp15.8%▲ 10.4pp
Equity€1.5m-€1.3m▼ 12.9%€1.7m▲ 27.3%€1.8m▲ 9.2%€2.2m▲ 21.5%
Total assets€1.9m-€2.1m▲ 8.2%€2.5m▲ 23.1%€2.4m▼ 4.6%€2.5m▲ 5.0%
Debt€395,480-€746,259▲ 88.7%€862,720▲ 15.6%€590,291▼ 31.6%€317,327▼ 46.2%
Working capital€1.5m-€1.3m▼ 13.4%€1.7m▲ 28.0%€1.8m▲ 9.0%€2.2m▲ 21.4%
Staff (FTE)2.8-1.8▼ 35.7%1▼ 44.4%1=1=
Result per fiscal year
Operating resultNet result
The operating result recovers in 2012; 2012 is 117% above 2011 and is the highest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €2.5m
Fixed assets
€3,670 ▼ 18.4%
Current assets
€2.5m ▲ 5.0%
Equity and liabilities €2.5m
Equity
€2.2m ▲ 21.5%
Debt
€317,327 ▼ 46.2%
Debt's share of the balance-sheet total falls from 24.4% to 12.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€421,703▲
2011 · €195,435
Cash flow
€304,400▲
2011 · €156,309
Current ratio
8.41▲
2011 · 4.20
ROE
13.6%▲
2011 · 8.4%
ROA
11.9%▲
2011 · 6.4%
Interest coverage
695.74
Debt ≤ 1 year
€301,868▼
2011 · €575,408
Income taxes
€110,681▲
2011 · €32,396
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 | €4.6m | €3.7m | €4.4m | €3.6m | €2.7m | ▼ 25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,985 | €2,281 | €1,951 | €1,457 | €1,718 | ▲ 17.9% |
| Operating profit (loss)9901 | €15,264 | -€253,648 | €390,525 | €193,978 | €419,985 | ▲ 117% |
| Recurring financial income75 | €51,929 | €377 | €6,894 | €14,670 | €2,715 | ▼ 81.5% |
| Recurring financial charges65 | €6,465 | €36,511 | €37,692 | €21,401 | €8,738 | ▼ 59.2% |
| Debt charges650 | €734 | €44 | - | - | €606 | - |
| Profit (loss) for the period before taxes9903 | €60,728 | -€289,782 | €359,727 | €187,247 | €413,363 | ▲ 121% |
| Income taxes67/77 | €20,811 | -€94,825 | - | €32,396 | €110,681 | ▲ 242% |
| Profit (loss) for the period9904 | €39,917 | -€194,957 | €359,727 | €154,852 | €302,681 | ▲ 95.5% |
| Profit (loss) for the period to be appropriated9905 | €39,917 | -€194,957 | €359,727 | €154,852 | €302,681 | ▲ 95.5% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.1m | €2.5m | €2.4m | €2.5m | ▲ 5.0% |
| Fixed assets21/28 | €7,635 | €7,333 | €7,144 | €4,498 | €3,670 | ▼ 18.4% |
| Tangible fixed assets22/27 | €3,635 | €2,703 | €2,514 | €3,868 | €2,950 | ▼ 23.7% |
| Financial fixed assets28 | €4,000 | €4,630 | €4,630 | €630 | €720 | ▲ 14.3% |
| Current assets29/58 | €1.9m | €2.1m | €2.5m | €2.4m | €2.5m | ▲ 5.0% |
| Amounts receivable within one year40/41 | €1.8m | €1.8m | €1.8m | €870,517 | €1.8m | ▲ 109% |
| Cash at bank and in hand54/58 | €72,457 | €301,205 | €744,672 | €1.5m | €717,781 | ▼ 53.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.1m | €2.5m | €2.4m | €2.5m | ▲ 5.0% |
| Equity10/15 | €1.5m | €1.3m | €1.7m | €1.8m | €2.2m | ▲ 21.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Profit (loss) carried forward14 | -€90,465 | -€285,423 | €74,304 | €229,155 | €622,503 | ▲ 172% |
| Amounts payable17/49 | €395,480 | €746,259 | €862,720 | €590,291 | €317,327 | ▼ 46.2% |
| Amounts payable within one year42/48 | €375,598 | €735,581 | €842,267 | €575,408 | €301,868 | ▼ 47.5% |
| Trade debts44 | €157,610 | €548,660 | €608,321 | €333,916 | €105,262 | ▼ 68.5% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,917 | -€194,957 | €359,727 | €154,852 | €302,681 | ▲ 95.5% |
| + Depreciation and write-downs630 | €1,985 | €2,281 | €1,951 | €1,457 | €1,718 | ▲ 17.9% |
| Operating cash flow (approximation) | €41,902 | -€192,676 | €361,678 | €156,309 | €304,400 | ▲ 94.7% |
| Investment in fixed assets (approximation) | - | -€1,979 | -€1,762 | €1,189 | -€891 | ▼ 175% |
| Change in cash | - | €228,748 | €443,467 | €800,365 | -€827,257 | ▼ 203% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2013
16-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 47 days late
2012
31-12
Financial
Liquidity doublescurrent ratio 8.41
Current ratio from 4.20 to 8.41; short-term debt falls from €575,408 to €301,868.
31-12
Financial
Equity above €2mEq €2.2m ▲21.5%
3 profitable years in a row build equity to €2.2m.
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 31 days late
2011
28-11
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 120 days late
2010
31-12
Financial
Back to profitnet €359,727
Net result €359,727 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 31 days late
2009
31-12
Financial
Weakest financial yearnet -€194,957
Net result drops to -€194,957, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
16-10
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 77 days late
2007
17-12
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 139 days late
2006
29-09
NBB filing
Annual accounts filed
fiscal year 2005 · full schema · 60 days late
28-08
NBB filing
Annual accounts filed
fiscal year 2004 · full schema · 393 days late
28-08
NBB filing
Annual accounts filed
fiscal year 2003 · full schema · 758 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Identification & contact
Identification
Legal formForeign entity
Founded18-02-2003
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.