QUADREON
InactiveFinancials · financial year 2008, abbreviated format
Annual accounts 2008 filed on 30-03-2009 PDF all 5 filings
Turnover
≈ €6.1m
Estimated: probably between €4.1m and €10.0m
Total assets
€2.1m▲ 41.7%
2007 · €1.5m
Net result
-€432,260
2007 · €79,765
Working capital
€93,395▼ 82.0%
2007 · €518,464
Multi-year overview
2007 to 2008, 2 financial yearsOperating result
-€363,745
2008
20072008
Net result
-€432,260
2008
20072008
Equity
€205,144
▼ 67.8%
2008
20072008
Total assets
€2.1m
▲ 41.7%
2008
20072008
Debt
€1.9m
▲ 125%
2008
20072008
Working capital
€93,395
▼ 82.0%
2008
20072008
Staff (FTE)
45.5
▲ 28.2%
2008
20072008
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20072008
Operating result€0.09m--€0.4m
Net result€0.08m--€0.4m
Equity€0.6m-€0.2m▼ 67.8%
Total assets€1.5m-€2.1m▲ 41.7%
Debt€0.8m-€1.9m▲ 125%
Working capital€0.5m-€0.09m▼ 82.0%
Staff (FTE)35.5-45.5▲ 28.2%
The operating result for 2008 is a loss of €363,745, after a profit of €88,262 in 2007.
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
2008 in colour, 2007 as the grey bar beneath
Assets €2.1m
Fixed assets
€111,749 ▼ 6.0%
Current assets
€2.0m ▲ 45.9%
Equity and liabilities €2.1m
Equity
€205,144 ▼ 67.8%
Debt
€1.9m ▲ 125%
Debt's share of the balance-sheet total rises from 56.9% to 90.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€287,203▼
2007 · €166,767
Cash flow
-€355,719▼
2007 · €158,270
Current ratio
1.05▼
2007 · 1.62
ROE
-210.7%▼
2007 · 12.5%
ROA
-20.6%▼
2007 · 5.4%
Debt ≤ 1 year
€1.9m▲
2007 · €840,381
Income taxes
€65,549▲
2007 · €10,048
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2007 | 2008 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.08m | ▼ 2.5% |
| Gross operating margin9900 | €2.4m | €3.5m | ▲ 49.0% |
| Operating profit (loss)9901 | €0.09m | -€0.4m | - |
| Recurring financial income75 | €0.003m | €0.004m | ▲ 29.3% |
| Recurring financial charges65 | €0.002m | €0.007m | ▲ 273% |
| Profit (loss) for the period before taxes9903 | €0.09m | -€0.4m | - |
| Income taxes67/77 | €0.01m | €0.07m | ▲ 552% |
| Profit (loss) for the period9904 | €0.08m | -€0.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.08m | -€0.4m | - |
| Line | 2007 | 2008 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.5m | €2.1m | ▲ 41.7% |
| Fixed assets21/28 | €0.1m | €0.1m | ▼ 6.0% |
| Intangible fixed assets21 | €0.02m | - | - |
| Tangible fixed assets22/27 | €0.1m | €0.1m | ▲ 3.1% |
| Financial fixed assets28 | - | €0.01m | - |
| Current assets29/58 | €1.4m | €2.0m | ▲ 45.9% |
| Amounts receivable within one year40/41 | €1.1m | €1.5m | ▲ 35.0% |
| Cash at bank and in hand54/58 | €0.3m | €0.5m | ▲ 93.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.5m | €2.1m | ▲ 41.7% |
| Equity10/15 | €0.6m | €0.2m | ▼ 67.8% |
| Contributions10/11 | €0.5m | €0.5m | = |
| Reserves13 | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €0.2m | -€0.3m | - |
| Amounts payable17/49 | €0.8m | €1.9m | ▲ 125% |
| Amounts payable within one year42/48 | €0.8m | €1.9m | ▲ 125% |
| Trade debts44 | €0.6m | €0.7m | ▲ 22.5% |
| Line | 2007 | 2008 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €79,765 | -€432,260 | - |
| + Depreciation and write-downs630 | €78,505 | €76,541 | ▼ 2.5% |
| Operating cash flow (approximation) | €158,270 | -€355,719 | - |
| Investment in fixed assets (approximation) | - | -€69,350 | - |
| Change in cash | - | €238,536 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-08-2008 | abbreviated format | 30-03-2009 | 2009-10000220 | |
| 30-06-2007 | abbreviated format | 13-02-2008 | 2008-04200156 | |
| 30-06-2006 | abbreviated format | 08-01-2007 | 2007-00404184 | |
| 30-06-2005 | abbreviated format | 29-03-2006 | 2006-09002803 | |
| 30-06-2004 | abbreviated format | 17-01-2005 | 2005-01803535 |