RECREAM
Open bankruptcyFinancials · financial year 2013, abbreviated format
Equity
€106,229▼ 48.5%
2012 · €206,251
Total assets
€532,246▼ 6.5%
2012 · €568,957
Net result
-€100,021
2012 · €59,462
Working capital
-€192,798▼ 15.7%
2012 · -€166,690
Trend over the years
2009 to 2013, 5 financial years 2009 to 2013, 5 financial years
The operating result turns negative in 2013: a loss of €83,537 after €71,622 in 2012, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€83,537
2013
Net result-€100,021
2013
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€532,246
2013
Equity€106,229
2013
Debt€426,017
2013
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€192,798
2013
Average staff in full-time equivalents (FTE).
Staff (FTE)4.3
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-€41,541--€69,234▼ 66.7%€8,521€71,622▲ 741%-€83,537
Net result-€32,535--€136,665▼ 320%-€7,276▲ 94.7%€59,462-€100,021
Equity€40,069-€154,065▲ 284%€146,789▼ 4.7%€206,251▲ 40.5%€106,229▼ 48.5%
Total assets€312,944-€527,713▲ 68.6%€559,575▲ 6.0%€568,957▲ 1.7%€532,246▼ 6.5%
Debt€266,616-€366,679▲ 37.5%€405,717▲ 10.6%€353,328▼ 12.9%€426,017▲ 20.6%
Working capital-€177,090--€172,278▲ 2.7%-€199,294▼ 15.7%-€166,690▲ 16.4%-€192,798▼ 15.7%
Staff (FTE)4-3▼ 25.0%3.2▲ 6.7%4.7▲ 46.9%4.3▼ 8.5%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €532,246
Fixed assets
€502,328 ▲ 2.2%
Current assets
€29,918 ▼ 61.3%
Equity and liabilities €532,246
Equity
€106,229 ▼ 48.5%
Provisions
€0 ▼ 100%
Debt
€426,017 ▲ 20.6%
Debt's share of the balance-sheet total rises from 62.1% to 80.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€43,813▼
2012 · €86,258
Cash flow
-€60,297▼
2012 · €74,098
Current ratio
0.13▼
2012 · 0.32
Quick ratio
0.12▼
2012 · 0.28
Debt to equity
1.89▲
2012 · 0.53
ROE
-94.2%▼
2012 · 28.8%
ROA
-18.8%▼
2012 · 10.5%
Debt ≤ 1 year
€222,716▼
2012 · €244,049
Debt > 1 year
€200,762▲
2012 · €109,279
Income taxes
€297
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 | €25,792 | €14,132 | €15,257 | €14,636 | €39,724 | ▲ 171% |
| Gross operating margin9900 | €86,722 | €50,870 | €131,238 | €233,736 | €81,093 | ▼ 65.3% |
| Operating profit (loss)9901 | -€41,541 | -€69,234 | €8,521 | €71,622 | -€83,537 | - |
| Recurring financial income75 | - | - | - | - | €113 | - |
| Recurring financial charges65 | €8,212 | €67,431 | €15,797 | €12,160 | €16,300 | ▲ 34.0% |
| Profit (loss) for the period before taxes9903 | -€31,202 | -€136,665 | -€7,276 | €59,462 | -€99,724 | - |
| Income taxes67/77 | €1,333 | - | - | - | €297 | - |
| Profit (loss) for the period9904 | -€32,535 | -€136,665 | -€7,276 | €59,462 | -€100,021 | - |
| Profit (loss) for the period to be appropriated9905 | -€32,535 | -€136,665 | -€7,276 | €59,462 | -€100,021 | - |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,944 | €527,713 | €559,575 | €568,957 | €532,246 | ▼ 6.5% |
| Fixed assets21/28 | €265,282 | €503,385 | €494,800 | €491,598 | €502,328 | ▲ 2.2% |
| Intangible fixed assets21 | - | - | - | - | €45,838 | - |
| Tangible fixed assets22/27 | €265,282 | €503,385 | €494,800 | €491,598 | €456,490 | ▼ 7.1% |
| Current assets29/58 | €47,662 | €24,328 | €64,775 | €77,359 | €29,918 | ▼ 61.3% |
| Stocks and contracts in progress3 | €8,225 | €8,510 | €8,851 | €9,103 | €3,377 | ▼ 62.9% |
| Amounts receivable within one year40/41 | €29,722 | €3,613 | €35,927 | €60,160 | €10,199 | ▼ 83.0% |
| Current investments50/53 | €5,887 | €5,887 | €5,887 | €5,887 | €8,530 | ▲ 44.9% |
| Cash at bank and in hand54/58 | €3,463 | €3,646 | €13,061 | €1,859 | €6,305 | ▲ 239% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,944 | €527,713 | €559,575 | €568,957 | €532,246 | ▼ 6.5% |
| Equity10/15 | €40,069 | €154,065 | €146,789 | €206,251 | €106,229 | ▼ 48.5% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €46,542 | €46,542 | €46,542 | €46,542 | €67,587 | ▲ 45.2% |
| Profit (loss) carried forward14 | -€37,460 | -€174,125 | -€181,401 | -€121,939 | -€221,960 | ▼ 82.0% |
| Provisions and deferred taxes16 | €6,259 | €6,969 | €7,069 | €9,378 | - | - |
| Amounts payable17/49 | €266,616 | €366,679 | €405,717 | €353,328 | €426,017 | ▲ 20.6% |
| Amounts payable after more than one year17 | €37,418 | €166,423 | €137,851 | €109,279 | €200,762 | ▲ 83.7% |
| Amounts payable within one year42/48 | €224,752 | €196,606 | €264,069 | €244,049 | €222,716 | ▼ 8.7% |
| Trade debts44 | €118,513 | €84,849 | €52,323 | €61,689 | €42,766 | ▼ 30.7% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,535 | -€136,665 | -€7,276 | €59,462 | -€100,021 | - |
| + Depreciation and write-downs630 | €25,792 | €14,132 | €15,257 | €14,636 | €39,724 | ▲ 171% |
| Operating cash flow (approximation) | -€6,743 | -€122,533 | €7,981 | €74,098 | -€60,297 | - |
| Investment in fixed assets (approximation) | - | -€252,235 | -€6,672 | -€11,434 | -€50,454 | ▼ 341% |
| Change in cash | - | €183 | €9,415 | -€11,202 | €4,446 | - |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2013 | abbreviated format | 08-07-2014 | 2014-29000565 |
| 31-12-2012 | abbreviated format | 17-12-2013 | 2013-68900596 |
| 31-12-2011 | abbreviated format | 12-12-2013 | 2013-68300516 |
| 31-12-2010 | abbreviated format | 30-11-2011 | 2011-62300470 |
| 31-12-2009 | abbreviated format | 27-08-2010 | 2010-47100591 |
| 31-12-2008 | abbreviated format | 14-04-2010 | 2010-09300059 |
| 31-12-2007 | abbreviated format | 27-01-2009 | 2009-02200006 |
| 31-12-2006 | abbreviated format | 18-02-2008 | 2008-04800071 |
| 31-12-2005 | abbreviated format | 12-01-2007 | 2007-01302664 |
| 31-12-2004 | abbreviated format | 12-01-2007 | 2007-01302648 |
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Of the 20,119 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,492. 9,520 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.