SOLUTRANS
InactiveFinancials · financial year 2011, full format
Annual accounts 2011 filed on 04-10-2012 PDF all 6 filings
Turnover
≈ €3.8m
Estimated: probably between €2.6m and €6.2m
EBIT margin
Not included in this filing
Net result
€12,017
2010 · -€37,765
Working capital
-€139,152▼ 102%
2010 · -€68,847
Multi-year overview
2008 to 2011, 4 financial yearsOperating result
€147,474
2011
20082011
Net result
€12,017
2011
20082011
Equity
€105,170
▲ 12.9%
2011
20082011
Total assets
€1.9m
▲ 9.4%
2011
20082011
Debt
€1.8m
▲ 9.2%
2011
20082011
Working capital
-€139,152
▼ 102%
2011
20082011
Staff (FTE)
17.6
▼ 42.3%
2011
20082011
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2008200920102011
Operating result€0.08m-€0.1m▲ 13.3%-€0.01m€0.1m
Net result€0.03m-€0.05m▲ 40.3%-€0.04m€0.01m
Equity€0.08m-€0.1m▲ 59.5%€0.09m▼ 28.8%€0.1m▲ 12.9%
Total assets€0.4m-€0.6m▲ 37.0%€1.7m▲ 181%€1.9m▲ 9.4%
Debt€0.4m-€0.5m▲ 32.0%€1.6m▲ 237%€1.8m▲ 9.2%
Working capital€0.005m-€0.07m▲ 15×-€0.07m-€0.1m▼ 102%
Staff (FTE)13.4-18.1▲ 35.1%30.5▲ 68.5%17.6▼ 42.3%
The operating result for 2011 is a profit of €147,474, after a loss of €11,843 in 2010. It is the highest result since 2008.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €1.9m
Fixed assets
€972,825 ▼ 0.9%
Current assets
€914,199 ▲ 23.1%
Equity and liabilities €1.9m
Equity
€105,170 ▲ 12.9%
Debt
€1.8m ▲ 9.2%
Debt's share of the balance-sheet total falls from 94.6% to 94.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€421,927▲
2010 · €112,217
Cash flow
€286,470▲
2010 · €86,295
Current ratio
0.87▼
2010 · 0.92
Quick ratio
0.83▼
2010 · 0.92
Debt to equity
6.93▼
2010 · 8.80
ROE
11.4%▲
2010 · -40.5%
ROA
0.6%▲
2010 · -2.2%
Debt ≤ 1 year
€1.1m▲
2010 · €811,276
Debt > 1 year
€728,503▼
2010 · €820,119
Income taxes
€2▲
2010 · €2
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.3m | ▲ 121% |
| Gross operating margin9900 | €0.7m | €0.8m | €1.1m | €2.2m | ▲ 109% |
| Operating profit (loss)9901 | €0.08m | €0.1m | -€0.01m | €0.1m | - |
| Recurring financial income75 | €217 | €452 | €18 | €355 | ▲ 20× |
| Recurring financial charges65 | €0.01m | €0.01m | €0.04m | €0.1m | ▲ 161% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.08m | -€0.04m | €0.01m | - |
| Income taxes67/77 | €0.02m | €0.03m | €2 | €2 | ▲ 1.5% |
| Profit (loss) for the period9904 | €0.03m | €0.05m | -€0.04m | €0.01m | - |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.05m | -€0.04m | €0.01m | - |
| Line | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.4m | €0.6m | €1.7m | €1.9m | ▲ 9.4% |
| Fixed assets21/28 | €0.2m | €0.2m | €1.0m | €1.0m | ▼ 0.9% |
| Intangible fixed assets21 | €417 | - | - | €0.006m | - |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €1.0m | €1.0m | ▼ 1.6% |
| Financial fixed assets28 | €0.002m | €0.002m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.2m | €0.5m | €0.7m | €0.9m | ▲ 23.1% |
| Stocks and contracts in progress3 | - | - | - | €0.04m | - |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.7m | €0.8m | ▲ 19.6% |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.06m | €0.03m | ▼ 49.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.4m | €0.6m | €1.7m | €1.9m | ▲ 9.4% |
| Equity10/15 | €0.08m | €0.1m | €0.09m | €0.1m | ▲ 12.9% |
| Contributions10/11 | €0.02m | €0.02m | €0.1m | €0.1m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.06m | €0.1m | -€0.009m | €0.003m | - |
| Amounts payable17/49 | €0.4m | €0.5m | €1.6m | €1.8m | ▲ 9.2% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.8m | €0.7m | ▼ 11.2% |
| Amounts payable within one year42/48 | €0.2m | €0.4m | €0.8m | €1.1m | ▲ 29.8% |
| Trade debts44 | €0.09m | €0.2m | €0.4m | €0.5m | ▲ 28.9% |
| Line | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,804 | €48,816 | -€37,765 | €12,017 | - |
| + Depreciation and write-downs630 | €111,228 | €110,752 | €124,060 | €274,453 | ▲ 121% |
| Operating cash flow (approximation) | €146,032 | €159,569 | €86,295 | €286,470 | ▲ 232% |
| Investment in fixed assets (approximation) | - | -€66,013 | -€949,064 | -€265,159 | ▲ 72.1% |
| Change in cash | - | €2,351 | €31,708 | -€28,876 | - |
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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2011 | full format | 04-10-2012 | 2012-60500011 | |
| 30-06-2010 | full format | 28-02-2011 | 2011-04800015 | |
| 30-06-2009 | full format | 18-12-2009 | 2009-89400132 | |
| 30-06-2008 | full format | 07-01-2009 | 2009-00500165 | |
| 30-06-2007 | full format | 12-02-2008 | 2008-04300007 | |
| 30-06-2006 | full format | 31-01-2007 | 2007-03804976 |