PHOENIX ENGRAVING ART
Open bankruptcyFinancials · financial year 2010, full format
Annual accounts 2010 filed on 29-08-2011 PDF all 4 filings
Turnover
€1,200
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€819▲ 81.5%
2009 · -€4,436
Working capital
€888
2009 · -€86
Multi-year overview
2007 to 2010, 4 financial yearsTurnover
no figure
2010
20072010
Operating result
€560
2010
20072010
Net result
-€819
▲ 81.5%
2010
20072010
Equity
€814
▼ 50.2%
2010
20072010
Total assets
€961
▼ 47.5%
2010
20072010
Debt
€147
▼ 26.1%
2010
20072010
Working capital
€888
2010
20072010
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2007200820092010
Turnover€1,200-
Operating result-€4,773--€2,160▲ 54.7%-€4,624▼ 114%€560
Net result-€4,759--€2,172▲ 54.4%-€4,436▼ 104%-€819▲ 81.5%
Equity€8,241-€6,069▼ 26.4%€1,633▼ 73.1%€814▼ 50.2%
Total assets€9,533-€6,256▼ 34.4%€1,832▼ 70.7%€961▼ 47.5%
Debt€1,292-€186▼ 85.6%€199▲ 6.7%€147▼ 26.1%
Working capital€2,368-€2,205▼ 6.9%-€86€888
The operating result for 2010 is a profit of €560, after a loss of €4,624 in 2009. It is the highest result since 2007.
Balance-sheet composition
2010 in colour, 2009 as the grey bar beneath
Equity and liabilities €961
Equity
€814 ▼ 50.2%
Debt
€147 ▼ 26.1%
Debt's share of the balance-sheet total rises from 10.9% to 15.3%. Equity and debt are lower.
Key figures and ratios
Debt ≤ 1 year
€73▼
2009 · €199
The ratios are withheld because a balance sheet total of €961 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|
| Turnover70 | €1,200 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,529 | €2,009 | €1,744 | - | - |
| Gross operating margin9900 | -€3,241 | €62 | -€1,529 | €560 | - |
| Operating profit (loss)9901 | -€4,773 | -€2,160 | -€4,624 | €560 | - |
| Recurring financial income75 | €20 | - | - | - | - |
| Recurring financial charges65 | €6 | €12 | €14 | €160 | ▲ 11× |
| Profit (loss) for the period before taxes9903 | -€4,759 | -€2,172 | -€4,436 | -€819 | ▲ 81.5% |
| Profit (loss) for the period9904 | -€4,759 | -€2,172 | -€4,436 | -€819 | ▲ 81.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,759 | -€2,172 | -€4,436 | -€819 | ▲ 81.5% |
| Line | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9,533 | €6,256 | €1,832 | €961 | ▼ 47.5% |
| Fixed assets21/28 | €5,873 | €3,864 | €1,719 | - | - |
| Tangible fixed assets22/27 | €5,873 | €3,864 | €1,719 | - | - |
| Current assets29/58 | €3,660 | €2,392 | €113 | €961 | ▲ 750% |
| Amounts receivable within one year40/41 | €1,745 | - | €68 | €950 | ▲ 14× |
| Cash at bank and in hand54/58 | €1,871 | €854 | €45 | €11 | ▼ 75.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9,533 | €6,256 | €1,832 | €961 | ▼ 47.5% |
| Equity10/15 | €8,241 | €6,069 | €1,633 | €814 | ▼ 50.2% |
| Contributions10/11 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Profit (loss) carried forward14 | -€4,759 | -€6,931 | -€11,367 | -€12,186 | ▼ 7.2% |
| Amounts payable17/49 | €1,292 | €186 | €199 | €147 | ▼ 26.1% |
| Amounts payable within one year42/48 | €1,292 | €186 | €199 | €73 | ▼ 63.3% |
| Trade debts44 | €1,125 | - | - | - | - |
| Line | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,759 | -€2,172 | -€4,436 | -€819 | ▲ 81.5% |
| + Depreciation and write-downs630 | €1,529 | €2,009 | €1,744 | - | - |
| Operating cash flow (approximation) | -€3,230 | -€163 | -€2,692 | -€819 | ▲ 69.6% |
| Investment in fixed assets (approximation) | - | €0 | €401 | - | - |
| Change in cash | - | -€1,017 | -€809 | -€34 | ▲ 95.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.