STORM DEVELOPMENT
InactiveInactive; last annual accounts for fiscal year 2012.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 04-06-2013, 57 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2012, abbreviated schema
Equity
€1.63M▲ 1,174%
2011 · €128k
2009: €59k
2010: €44k▼ -25.8% vs 2009lowest in 4 years
2011: €128k▲ +190% vs 2010
2012: €1.63M▲ +1174% vs 2011highest in 4 years
2009 → 2012
Total assets
€1.85M▼ 23.7%
2011 · €2.43M
2009: €1.05Mlowest in 4 years
2010: €2.49M▲ +139% vs 2009highest in 4 years
2011: €2.43M▼ -2.6% vs 2010
2012: €1.85M▼ -23.7% vs 2011
2009 → 2012
Net result
€38k▼ 55.3%
2011 · €84k
2009: €-41klowest in 4 years
2010: €-15k▲ +62.3% vs 2009
2011: €84k▲ +647% vs 2010highest in 4 years
2012: €38k▼ -55.3% vs 2011
2009 → 2012
Working capital
€110k▼ 95.0%
2011 · €2.20M
2009: €651k
2010: €2.06M▲ +216% vs 2009
2011: €2.20M▲ +7.0% vs 2010highest in 4 years
2012: €110k▼ -95.0% vs 2011lowest in 4 years
2009 → 2012
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2009201020112012Trend
Equity€59k-€44k▼ 25.8%€128k▲ 190%€1.63M▲ 1,174%
2009: €59k
2010: €44k▼ -25.8% vs 2009lowest in 4 years
2011: €128k▲ +190% vs 2010
2012: €1.63M▲ +1174% vs 2011highest in 4 years
Operating result€-41k-€-15k▲ 63.4%€557€101k▲ 18,084%
2009: €-41klowest in 4 years
2010: €-15k▲ +63.4% vs 2009
2011: €557▲ +104% vs 2010
2012: €101k▲ +18084% vs 2011highest in 4 years
Net result€-41k-€-15k▲ 62.3%€84k€38k▼ 55.3%
2009: €-41klowest in 4 years
2010: €-15k▲ +62.3% vs 2009
2011: €84k▲ +647% vs 2010highest in 4 years
2012: €38k▼ -55.3% vs 2011
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2012 is 18,084% above 2011 and is the highest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €1.85M
Fixed assets
€1.52M ▲ 2,918%
Current assets
€335k ▼ 85.9%
Equity and liabilities €1.85M
Equity
€1.63M ▲ 1,174%
Debt
€225k ▼ 90.2%
Debt's share of the balance-sheet total falls from 94.7% to 12.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102k▲
2011 · €1k
Cash flow
€38k▼
2011 · €85k
Current ratio
1.49▼
2011 · 13.14
ROE
2.3%▼
2011 · 65.5%
ROA
2.0%▼
2011 · 3.4%
Debt ≤ 1 year
€225k▲
2011 · €181k
Income taxes
€35k▲
2011 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2012 against 2011 · 25 lines
Balance sheet
Code20112012
Assets
Total assets20/58€2.43M€1.85M▼
Formation expenses20€2k€910▼
Fixed assets21/28€50k€1.52M▲
Financial fixed assets28€49k€1.52M▲
Current assets29/58€2.38M€335k▼
Amounts receivable within one year40/41€134k€248k▲
Cash at bank and in hand54/58€84k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.43M€1.85M▼
Equity10/15€128k€1.63M▲
Contributions10/11€100k€100k=
Reserves13€10k€10k=
Profit (loss) carried forward14€18k€55k▲
Amounts payable17/49€2.30M€225k▼
Amounts payable after more than one year17€2.12M-
Amounts payable within one year42/48€181k€225k▲
Trade debts44€39k€37k▼
Income statement
Code20112012
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€840€840=
Gross operating margin9900€3k€102k▲
Operating profit (loss)9901€557€101k▲
Recurring financial income75€253k€123k▼
Recurring financial charges65€202k€150k▼
Profit (loss) for the period before taxes9903€94k€73k▼
Income taxes67/77€11k€35k▲
Profit (loss) for the period9904€84k€38k▼
Profit (loss) for the period to be appropriated9905€84k€38k▼
Accounts by statement
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €770 | €840 | €840 | €840 | = |
| Gross operating margin9900 | €-40k | €-13k | €3k | €102k | ▲ 3,598% |
| Operating profit (loss)9901 | €-41k | €-15k | €557 | €101k | ▲ 18,084% |
| Recurring financial income75 | €110 | €32 | €253k | €123k | ▼ 51.3% |
| Recurring financial charges65 | €183 | €523 | €202k | €150k | ▼ 25.9% |
| Profit (loss) for the period before taxes9903 | €-41k | €-15k | €94k | €73k | ▼ 22.9% |
| Income taxes67/77 | - | - | €11k | €35k | ▲ 232% |
| Profit (loss) for the period9904 | €-41k | €-15k | €84k | €38k | ▼ 55.3% |
| Profit (loss) for the period to be appropriated9905 | €-41k | €-15k | €84k | €38k | ▼ 55.3% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.05M | €2.49M | €2.43M | €1.85M | ▼ 23.7% |
| Formation expenses20 | €3k | €3k | €2k | €910 | ▼ 48.0% |
| Fixed assets21/28 | €3k | €3k | €50k | €1.52M | ▲ 2,918% |
| Financial fixed assets28 | - | - | €49k | €1.52M | ▲ 3,025% |
| Current assets29/58 | €1.04M | €2.49M | €2.38M | €335k | ▼ 85.9% |
| Amounts receivable within one year40/41 | €109k | €224k | €134k | €248k | ▲ 85.6% |
| Cash at bank and in hand54/58 | €16k | €95k | €84k | €1k | ▼ 98.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.05M | €2.49M | €2.43M | €1.85M | ▼ 23.7% |
| Equity10/15 | €59k | €44k | €128k | €1.63M | ▲ 1,174% |
| Contributions10/11 | €100k | €100k | €100k | €100k | = |
| Reserves13 | - | - | €10k | €10k | = |
| Profit (loss) carried forward14 | €-41k | €-56k | €18k | €55k | ▲ 210% |
| Amounts payable17/49 | €986k | €2.45M | €2.30M | €225k | ▼ 90.2% |
| Amounts payable after more than one year17 | €595k | €2.01M | €2.12M | - | - |
| Amounts payable within one year42/48 | €391k | €437k | €181k | €225k | ▲ 24.4% |
| Trade debts44 | €391k | €437k | €39k | €37k | ▼ 6.8% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-41k | €-15k | €84k | €38k | ▼ 55.3% |
| + Depreciation and write-downs630 | €770 | €840 | €840 | €840 | = |
| Operating cash flow (approximation) | €-40k | €-14k | €85k | €38k | ▼ 54.7% |
| Investment in fixed assets (approximation) | - | €0 | €-49k | €-1.47M | ▼ 2,925% |
| Change in cash | - | €79k | €-12k | €-82k | ▼ 608% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2014
04-04
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2013
05-07
State Gazette act
General meeting · Director appointment
Permanent representative
04-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
13-03
State Gazette act
General meeting · Capital increase
Legal-form conversion · Net-asset statement
2012
31-12
Financial
Equity above €1MEq €1.63M ▲1,174%
2 profitable years in a row build equity to €1.63M.
25-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
31-12
Financial
Back to profitnet €84k
Net result €84k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 13.14
Current ratio from 5.70 to 13.14; short-term debt falls from €437k to €181k.
31-12
Financial
Equity above €100kEq €128k ▲190%
Equity rises from €44k to €128k.
29-09
State Gazette act
Incorporation · Founding capital
Bank account · Corporate purpose
19-09
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 50 days late
2010
31-12
Financial
Liquidity doublescurrent ratio 5.70
Current ratio from 2.67 to 5.70.
30-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location