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SOVITEC

Inactive KBO/BCE: BE 0436.195.043 subsidiary of Sovitec Group
SOVITEC
Follow Report

Overview

Lifetime

3 annual accounts with figures on one time axis, 21 filings since 1989
peak €101.4m (2006)
€20.4m▼ 76.7%
lowest -€74.4m (2008)
-€74.4m▼ €56.9m
peak €22.9m (2006)
-€69.1m▼ €74.5m
€89.2m▲ 9.0%
peak 34.4 FTE (2008)
34.4 FTE▲ 5.5%
Owners3 names in the annual accounts
100%BEADS BELGIUM and 1 other
Documentsfilings and deeds
22-12-2009filed
2008financial year
Loss of €74.4mEquity from €5.4m to -€69.1mCash from €379,437 to €787,044

Key points

from the 2008 annual accounts, the last ones filed

Result

-€74.4m ▼ 325%
-€17m2007-€74m2008

The result fell in 2008 from -€17.5m to -€74.4m.

Debts

€89.2m 437% of the balance sheet
After one year 88%Within one year 12%

Of this, €10.6m falls due within a year.

Filings

21 annual accounts since 1989
AprilJune31 JulyOctober1990199520002005

Two of the last ten came late. The 2008 accounts came latest: 144 days after the end of the period.

No score

Board and ownership

Board & ownership

Recent changes

Deed on the end the last of 2 in the Belgian Official Gazette · Gazette deed
Deed on restructuring Capital €31,929,900, annual accounts 2008 · Gazette deed
Incorporation 41 publications in the Belgian Official Gazette, the last on 05-10-2010 · Gazette deed
All 25 events

Official details

Source: KBO
Status
Inactivedeed of incorporation of 19-01-1989 · last publication under the heading End on 05-10-2010
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2008

€11.0m▼ 5.5%
€74.4m▲ 325%
-€69.1m
€20.4m▼ 76.7%
34.4 FTE▲ 5.5%
Filing
2009 annual accounts filed on 26-05-2010
Financials

Insights on SOVITEC

Inactive. The last annual accounts are for financial year 2009.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2008

full format, filed on 22-12-2009, 144 days late

Annual accounts 2009 filed on 26-05-2010 PDF

The accounts were filed as a scan.

€11.0m
▼ 5.5%
-€1.1m
▼ €1.2m
-€357,576
▼ €1.2m
-€73.7m
▼ €56.9m
-338.5%
▼ 344.7 percentage points
0.55
▼ 0.11

Money flows

turnover is 12.5% of income in 2008

Balance sheet

balance sheet total €20.4m on 31-12-2008
What the company ownsHow it is paid for

in €m

in €m

Staff

€59,322

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2008, 1 person joined and 2 left. Training hours in 2008: 1,129. Agency workers: 4 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend200820072006
Balance sheet: assets
20/58 20.4m87.5m101.4m
21/28 14.6m83.2m96.5m
22/27 4.2m4.7m5.2m
22 968,2041.1m1.2m
23 3.2m3.6m4.0m
24 4,1402,8329,762
28 10.4m78.6m91.3m
280/1 10.4m78.6m91.2m
280 -68.9m82.1m
281 10.4m9.7m9.1m
284/8 5381,462860
285/8 5381,462860
29/58 5.8m4.3m4.9m
3 2.9m2.0m2.2m
30/36 2.9m2.0m2.2m
30/31 775,834509,110693,648
32 32,60727,3334,870
33 2.1m1.4m1.3m
34 6,57311,547194,990
37 1,0789,3712,674
40/41 1.7m1.6m2.3m
40 1.6m1.3m2.0m
41 95,445331,140314,392
54/58 787,044379,437194,404
490/1 384,605348,507276,197
Balance sheet: equity and liabilities
10/49 20.4m87.5m101.4m
10/15 -69.1m5.4m22.9m
10/11 31.9m31.9m31.9m
100 31.9m31.9m31.9m
13 186,535186,535186,535
130 186,535186,535186,535
14 -101.5m-27.0m-9.5m
15 272,146315,147352,178
16 240,711241,619299,398
160/5 240,711241,619299,398
160 217,711235,419293,198
164/5 23,0006,2006,200
17/49 89.2m81.9m78.2m
17 76.6m73.5m70.5m
170/4 76.6m73.5m70.5m
172 10,354-2,092
173 8.8m10.6m12.2m
174 67.8m62.9m58.3m
42/48 10.6m6.5m6.1m
42 4.5m1.6m1.6m
43 2.5m2.5m2.4m
430/8 2.5m2.5m2.4m
44 3.2m2.0m1.7m
440/4 3.2m2.0m1.7m
46 -32,256-
45 432,685406,465409,126
450/3 82,38376,84976,305
454/9 350,302329,615332,821
47/48 12,0301,1192,308
492/3 2.0m1.9m1.5m
Income statement
70/76A 11.8m12.3m13.4m
70 11.0m11.6m12.9m
71 688,177470,435429,195
76A 5,51922,2046,612
60/66A 12.8m12.1m12.3m
60 4.8m4.3m4.9m
600/8 5.0m3.9m4.8m
609 -268,143388,15747,063
61 5.2m5.0m4.8m
62 2.0m1.9m1.8m
630 714,372714,339706,042
631/4 10,111242,35948,110
635/8 -909-57,778-34,984
640/8 147,599113,010116,448
66A 68.9m13.3m3.8m
9901 -1.1m144,8891.1m
75/76B 1.6m836,846552,264
75 1.6m836,846552,264
750 771,523645,546507,347
751 17,0367,4355,305
752/9 821,510183,86439,612
65/66B 6.1m5.2m4.5m
65 6.1m5.2m4.5m
650 6.0m5.1m4.4m
652/9 85,052114,57283,961
9903 -74.4m-17.5m-6.8m
67/77 --2,1212,334
670/3 -1,1092,334
77 -3,230-
9904 -74.4m-17.5m-6.8m
9905 -74.4m-17.5m-6.8m
Appropriation of the result
9906 -101.5m-27.0m-9.5m
Social balance sheet
9087 34.432.634
Agency workers1501 44.15.6
Hours worked1013 55,30252,50447,629
Document PDFPDFPDF

The accounts for 17 older financial years (1989-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2008 (PDF), filed on 22-12-2009.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2009 full format 26-05-2010 2010-12700035 PDF
31-12-2008 full format 22-12-2009 2009-89700139 PDF
31-12-2007 full format 29-08-2008 2008-68300331 PDF
31-12-2006 full format 20-07-2007 2007-42800236 PDF
31-12-2005 full format 11-05-2006 2006-13802603 PDF
31-12-2004 full format 23-06-2005 2005-33500881 PDF
31-12-2003 full format 01-07-2004 2004-35700242 PDF
31-12-2002 unclassified schema 17-07-2003 2003-43400243 PDF
31-12-2001 unclassified schema 24-07-2002 2002-40700118 PDF
31-12-2000 full format 29-06-2001 2001-28600126 PDF
31-12-1999 full format 29-05-2000 2000-15500107 PDF
31-12-1998 unclassified schema 09-07-1999 1999-31104881 PDF
31-12-1997 full format 29-10-1998 1998-54902679 PDF
31-12-1996 full format 19-09-1997 1997-44402702 PDF
31-12-1995 full format 10-07-1996 1996-30700866 PDF
31-12-1994 full format 20-06-1995 1995-26700144 PDF
31-12-1993 full format 16-05-1994 1994-08401269 PDF
31-12-1992 full format 20-07-1993 1993-27902398 PDF
31-12-1991 full format 27-07-1992 1992-25003398 PDF
31-12-1990 full format 30-07-1991 1991-20503770 PDF
31-12-1989 unclassified schema 30-07-1990 1990-19702985 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend200820072006
-357,576859,2281.8m
-73.7m-16.8m-6.1m
271,026154,578672,564
407,607185,033-
-4.8m-2.2m-1.2m
-9.7%1.2%8.2%
-338.5%6.2%22.6%
0.550.660.81
0.270.360.45
-15.163.41
--323.8%-29.5%
-364.8%-20.0%-6.7%
-0.060.170.40
53 days40 days56 days
117 days78 days64 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on SOVITEC

The operating result for 2008 is a loss of €1.1m, after a profit of €144,889 in 2007. It is the lowest result since 2006.

Equity is negative. Debt (€89.2m) exceeds the balance-sheet total (€20.4m).

Board & ownership

Control

Consolidating parent
Sovitec Group LU
Source: parent in own accounts 2008
consolidates
This company
SOVITEC
Equity -€69.1m
Loss €74.4m in 2008

Capital

Capital
€31,929,900.10
Source
2008 annual accounts

Owners through the years

as the annual accounts name them
BEADS BELGIUM
100%
100%
Sovitec Group LU
consolidates
consolidates
SOCIETE GENERALE FR
consolidates
consolidates until 2007
Owners as a list

Source: parent in its own accounts, lists of holdings in the owners' accounts

Office holders in the KBO →

Network & group

Holdings

own 2008 accounts, the bar shows equity in euros
This companySOVITEC2 holdings, 2 countries 2008 accounts

Belgium 1 Equity Result

North America 1 Equity Result

  • US SOVITEC-CATAPHOTE - result -

Source: list of holdings in its own 2008 accounts. Every holding stands with its own latest accounts.

Parent

Sovitec Group
Luxembourg

Holdings through the years

2006 to 2008
Holdings through the years
Name200620072008
SOVITEC-CATAPHOTEUS 100%
SOVITEC BELGIUM 0.1%

Source: list of holdings in its own accounts

Connections & network

See the function holders in the KBO register.

Timeline

Timeline

25 events since 1989
2010
Deed on the end PDFthe last of 2 in the Belgian Official Gazette
Annual accounts 2009 filed PDFfull format · 66 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 144 days late
Deed on restructuring Capital €31,929,900, annual accounts 2008
2008
Weakest financial year net -€74.4m The net result drops to -€74.4m, the lowest from 2006 to 2008.
Annual accounts 2007 filed PDFfull format · 29 days late
2007
Annual accounts 2006 filed PDFfull format · 11 days before the deadline
2006
Annual accounts 2005 filed PDFfull format · 81 days before the deadline
2005
Annual accounts 2004 filed PDFfull format · 38 days before the deadline
2004
Annual accounts 2003 filed PDFfull format · 30 days before the deadline
2003
Annual accounts 2002 filed PDFunclassified schema · 14 days before the deadline
2002
Annual accounts 2001 filed PDFunclassified schema · 7 days before the deadline
2001
Annual accounts 2000 filed PDFfull format · 32 days before the deadline
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFunclassified schema
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
Annual accounts 1993 filed PDFfull format
1993
Annual accounts 1992 filed PDFfull format
1992
Annual accounts 1991 filed PDFfull format
1991
Annual accounts 1990 filed PDFfull format
1990
Annual accounts 1989 filed PDFunclassified schema
1989
Incorporation 41 publications in the Belgian Official Gazette, the last on 05-10-2010

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

Company details

Inactive

SOVITEC is no longer in the KBO register.

Last annual accounts
financial year to 31 December 2009
Last registered office
Zone Industrielle, Avenue Du Marquis, 6220 Fleurusas published on 5 October 2010
Legal form
Public limited company
First annual accounts
financial year 1989
Official KBO record

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