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Open bankruptcyFinancials · financial year 2012, abbreviated format
Annual accounts 2012 filed on 17-09-2013 PDF all 33 filings
Turnover
≈ €250,000
Estimated: probably between €190,000 and €400,000
Total assets
€115,951▼ 5.5%
2011 · €122,714
Net result
-€23,192▲ 54.3%
2011 · -€50,761
Working capital
€22,918▼ 51.3%
2011 · €47,036
Multi-year overview
2008 to 2012, 5 financial yearsOperating result
-€17,983
▲ 64.1%
2012
20082012
Net result
-€23,192
▲ 54.3%
2012
20082012
Equity
€25,521
▼ 47.6%
2012
20082012
Total assets
€115,951
▼ 5.5%
2012
20082012
Debt
€90,430
▲ 22.2%
2012
20082012
Working capital
€22,918
▼ 51.3%
2012
20082012
Staff (FTE)
1
=
2012
20082012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Operating result€14,079--€6,055-€3,197▲ 47.2%-€50,040▼ 1,465%-€17,983▲ 64.1%
Net result€18,825-€789▼ 95.8%€348▼ 55.9%-€50,761-€23,192▲ 54.3%
Equity€98,337-€99,126▲ 0.8%€99,474▲ 0.4%€48,713▼ 51.0%€25,521▼ 47.6%
Total assets€277,759-€206,902▼ 25.5%€176,543▼ 14.7%€122,714▼ 30.5%€115,951▼ 5.5%
Debt€179,422-€107,776▼ 39.9%€77,069▼ 28.5%€74,001▼ 4.0%€90,430▲ 22.2%
Working capital€90,616-€97,490▲ 7.6%€97,108▼ 0.4%€47,036▼ 51.6%€22,918▼ 51.3%
Staff (FTE)1.8-1▼ 44.4%1=1=1=
The operating result for 2012 is a loss of €17,983, smaller than the loss of €50,040 in 2011.
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
2012 in colour, 2011 as the grey bar beneath
Assets €115,951
Fixed assets
€2,603 ▲ 55.2%
Current assets
€113,348 ▼ 6.4%
Equity and liabilities €115,951
Equity
€25,521 ▼ 47.6%
Debt
€90,430 ▲ 22.2%
Debt's share of the balance-sheet total rises from 60.3% to 78.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€17,269▲
2011 · -€49,351
Cash flow
-€22,477▲
2011 · -€50,072
Current ratio
1.25▼
2011 · 1.64
Quick ratio
0.87▼
2011 · 1.12
ROE
-90.9%▲
2011 · -104.2%
ROA
-20.0%▲
2011 · -41.4%
Debt ≤ 1 year
€90,430▲
2011 · €74,001
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,140 | €6,085 | €1,025 | €689 | €714 | ▲ 3.6% |
| Gross operating margin9900 | €117,936 | €57,686 | €65,812 | €11,948 | €44,020 | ▲ 268% |
| Operating profit (loss)9901 | €14,079 | -€6,055 | -€3,197 | -€50,040 | -€17,983 | ▲ 64.1% |
| Recurring financial income75 | €11,352 | €9,769 | €7,509 | €2,705 | €993 | ▼ 63.3% |
| Recurring financial charges65 | €6,606 | €2,925 | €3,964 | €3,431 | €6,202 | ▲ 80.7% |
| Profit (loss) for the period before taxes9903 | €18,825 | €789 | €348 | -€50,766 | -€23,192 | ▲ 54.3% |
| Income taxes67/77 | - | - | - | -€5 | - | - |
| Profit (loss) for the period9904 | €18,825 | €789 | €348 | -€50,761 | -€23,192 | ▲ 54.3% |
| Profit (loss) for the period to be appropriated9905 | €18,825 | €789 | €348 | -€50,761 | -€23,192 | ▲ 54.3% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €277,759 | €206,902 | €176,543 | €122,714 | €115,951 | ▼ 5.5% |
| Fixed assets21/28 | €7,722 | €1,636 | €2,366 | €1,677 | €2,603 | ▲ 55.2% |
| Tangible fixed assets22/27 | €7,472 | €1,386 | €1,548 | €859 | €1,795 | ▲ 109% |
| Financial fixed assets28 | €250 | €250 | €818 | €818 | €808 | ▼ 1.2% |
| Current assets29/58 | €270,037 | €205,266 | €174,177 | €121,037 | €113,348 | ▼ 6.4% |
| Stocks and contracts in progress3 | €44,735 | €41,825 | €40,505 | €38,230 | €34,760 | ▼ 9.1% |
| Amounts receivable within one year40/41 | €187,591 | €138,587 | €109,904 | €55,068 | €41,543 | ▼ 24.6% |
| Cash at bank and in hand54/58 | €37,247 | €24,348 | €22,639 | €27,287 | €36,211 | ▲ 32.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €277,759 | €206,902 | €176,543 | €122,714 | €115,951 | ▼ 5.5% |
| Equity10/15 | €98,337 | €99,126 | €99,474 | €48,713 | €25,521 | ▼ 47.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €56,160 | €56,160 | €56,160 | €56,160 | €56,160 | = |
| Profit (loss) carried forward14 | -€19,822 | -€19,033 | -€18,685 | -€69,447 | -€92,638 | ▼ 33.4% |
| Amounts payable17/49 | €179,422 | €107,776 | €77,069 | €74,001 | €90,430 | ▲ 22.2% |
| Amounts payable within one year42/48 | €179,422 | €107,776 | €77,069 | €74,001 | €90,430 | ▲ 22.2% |
| Trade debts44 | €151,451 | €78,437 | €55,925 | €48,104 | €59,710 | ▲ 24.1% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,825 | €789 | €348 | -€50,761 | -€23,192 | ▲ 54.3% |
| + Depreciation and write-downs630 | €6,140 | €6,085 | €1,025 | €689 | €714 | ▲ 3.6% |
| Operating cash flow (approximation) | €24,964 | €6,874 | €1,373 | -€50,072 | -€22,477 | ▲ 55.1% |
| Investment in fixed assets (approximation) | - | €0 | -€1,755 | €0 | -€1,640 | - |
| Change in cash | - | -€12,899 | -€1,710 | €4,648 | €8,924 | ▲ 92.0% |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2012 | abbreviated format | 17-09-2013 | 2013-58500245 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-55500022 | |
| 31-12-2010 | abbreviated format | 13-09-2011 | 2011-54600196 | |
| 31-12-2009 | abbreviated format | 30-09-2010 | 2010-56900492 | |
| 31-12-2008 | abbreviated format | 31-08-2009 | 2009-75000088 | |
| 31-12-2007 | abbreviated format | 30-06-2008 | 2008-33200128 | |
| 31-12-2006 | abbreviated format | 23-08-2007 | 2007-60500385 | |
| 31-12-2005 | abbreviated format | 28-06-2006 | 2006-34600332 | |
| 31-12-2004 | abbreviated format | 14-07-2005 | 2005-48702009 | |
| 31-12-2003 | abbreviated format | 02-07-2004 | 2004-38800251 |