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InactiveFinancials · financial year 2009, abbreviated format
Annual accounts 2009 filed on 30-06-2010 PDF all 22 filings
Turnover
≈ €410,000
Estimated: probably between €250,000 and €770,000
Total assets
€321,165▼ 16.5%
2008 · €384,824
Net result
-€1,918
2008 · €18,725
Working capital
€10,321▼ 31.9%
2008 · €15,146
Multi-year overview
2006 to 2009, 4 financial yearsOperating result
-€11,862
2009
20062009
Net result
-€1,918
2009
20062009
Equity
€107,724
▼ 1.7%
2009
20062009
Total assets
€321,165
▼ 16.5%
2009
20062009
Debt
€213,441
▼ 22.4%
2009
20062009
Working capital
€10,321
▼ 31.9%
2009
20062009
Staff (FTE)
2.8
=
2009
20062009
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2006200720082009
Operating result€36,948-€20,026▼ 45.8%€23,789▲ 18.8%-€11,862
Net result-€33,967-€14,524€18,725▲ 28.9%-€1,918
Equity€76,393-€90,917▲ 19.0%€109,642▲ 20.6%€107,724▼ 1.7%
Total assets€476,455-€414,692▼ 13.0%€384,824▼ 7.2%€321,165▼ 16.5%
Debt€400,062-€323,776▼ 19.1%€275,183▼ 15.0%€213,441▼ 22.4%
Working capital-€4,375-€1,108€15,146▲ 14×€10,321▼ 31.9%
Staff (FTE)3.3-3.1▼ 6.1%2.8▼ 9.7%2.8=
The operating result for 2009 is a loss of €11,862, after a profit of €23,789 in 2008. It is the lowest result since 2006.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2009 in colour, 2008 as the grey bar beneath
Assets €321,165
Fixed assets
€100,083 ▲ 2.3%
Current assets
€221,082 ▼ 23.0%
Equity and liabilities €321,165
Equity
€107,724 ▼ 1.7%
Debt
€213,441 ▼ 22.4%
Debt's share of the balance-sheet total falls from 71.5% to 66.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,154▼
2008 · €39,101
Cash flow
€15,098▼
2008 · €34,038
Current ratio
1.05▼
2008 · 1.06
Quick ratio
0.61▲
2008 · 0.51
ROE
-1.8%▼
2008 · 17.1%
ROA
-0.6%▼
2008 · 4.9%
Debt ≤ 1 year
€210,761▼
2008 · €271,850
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,091 | €18,780 | €15,312 | €17,016 | ▲ 11.1% |
| Gross operating margin9900 | €212,187 | €192,403 | €189,099 | €160,599 | ▼ 15.1% |
| Operating profit (loss)9901 | €36,948 | €20,026 | €23,789 | -€11,862 | - |
| Recurring financial income75 | €5,752 | €5,873 | €6,008 | €4,425 | ▼ 26.3% |
| Recurring financial charges65 | €5,809 | €3,173 | €2,435 | €1,430 | ▼ 41.3% |
| Profit (loss) for the period before taxes9903 | €40,546 | €22,726 | €27,362 | -€1,918 | - |
| Income taxes67/77 | €74,513 | €8,203 | €8,637 | - | - |
| Profit (loss) for the period9904 | -€33,967 | €14,524 | €18,725 | -€1,918 | - |
| Profit (loss) for the period to be appropriated9905 | -€33,967 | €14,524 | €18,725 | -€1,918 | - |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €476,455 | €414,692 | €384,824 | €321,165 | ▼ 16.5% |
| Fixed assets21/28 | €126,310 | €113,142 | €97,829 | €100,083 | ▲ 2.3% |
| Tangible fixed assets22/27 | €126,310 | €113,142 | €97,829 | €100,083 | ▲ 2.3% |
| Current assets29/58 | €350,146 | €301,551 | €286,995 | €221,082 | ▼ 23.0% |
| Stocks and contracts in progress3 | €126,894 | €151,113 | €149,649 | €92,048 | ▼ 38.5% |
| Amounts receivable within one year40/41 | €127,674 | €130,306 | €120,953 | €124,402 | ▲ 2.9% |
| Cash at bank and in hand54/58 | €79,908 | €15,096 | €14,188 | €4,632 | ▼ 67.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €476,455 | €414,692 | €384,824 | €321,165 | ▼ 16.5% |
| Equity10/15 | €76,393 | €90,917 | €109,642 | €107,724 | ▼ 1.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €100,955 | €100,955 | €100,955 | €100,955 | = |
| Profit (loss) carried forward14 | -€86,562 | -€72,038 | -€53,313 | -€55,231 | ▼ 3.6% |
| Amounts payable17/49 | €400,062 | €323,776 | €275,183 | €213,441 | ▼ 22.4% |
| Amounts payable after more than one year17 | €43,333 | €23,333 | €3,333 | - | - |
| Amounts payable within one year42/48 | €354,520 | €300,443 | €271,850 | €210,761 | ▼ 22.5% |
| Trade debts44 | €108,527 | €112,969 | €94,847 | €51,084 | ▼ 46.1% |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,967 | €14,524 | €18,725 | -€1,918 | - |
| + Depreciation and write-downs630 | €17,091 | €18,780 | €15,312 | €17,016 | ▲ 11.1% |
| Operating cash flow (approximation) | -€16,876 | €33,303 | €34,038 | €15,098 | ▼ 55.6% |
| Investment in fixed assets (approximation) | - | -€5,612 | €0 | -€19,270 | - |
| Change in cash | - | -€64,812 | -€908 | -€9,556 | ▼ 953% |
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 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2009 | abbreviated format | 30-06-2010 | 2010-23900498 | |
| 31-12-2008 | abbreviated format | 05-06-2009 | 2009-19200387 | |
| 31-12-2007 | abbreviated format | 16-06-2008 | 2008-23600263 | |
| 31-12-2006 | abbreviated format | 23-07-2007 | 2007-44200151 | |
| 31-12-2005 | abbreviated format | 26-06-2006 | 2006-31801339 | |
| 31-12-2004 | abbreviated format | 04-07-2005 | 2005-41100131 | |
| 31-12-2003 | abbreviated format | 27-09-2004 | 2004-66703932 | |
| 30-12-2002 | abbreviated format | 24-07-2003 | 2003-50104707 | |
| 30-12-2001 | abbreviated format | 28-06-2002 | 2002-29704203 | |
| 30-12-2000 | abbreviated format | 24-07-2001 | 2001-41503739 |