SVAL-TECH
Open bankruptcyFinancials · financial year 2010, abbreviated format
Turnover
€88,984▲ 127%
2009 · €39,131
EBIT margin
11.1%▲ 23.5pp
2009 · -12.4%
Net result
€9,604
2009 · -€5,437
Working capital
-€6,809▲ 59.5%
2009 · -€16,806
Trend over the years
2006 to 2010, 5 financial years
The operating result returns to profit in 2010: €9,833 after a loss of €4,858 in 2009, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€88,984
2010
Operating result€9,833
2010
Net result€9,604
2010
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€58,446
2010
Equity-€12,895
2010
Debt€71,341
2010
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€6,809
2010
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin11.1%
2010
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20062007200820092010
Turnover€83,781-€65,218▼ 22.2%€40,745▼ 37.5%€39,131▼ 4.0%€88,984▲ 127%
Operating result€5,713--€3,493-€25,113▼ 619%-€4,858▲ 80.7%€9,833
Net result€6,116--€3,459-€27,200▼ 686%-€5,437▲ 80.0%€9,604
EBIT margin6.8%--5.4%▼ 12.2pp-61.6%▼ 56.3pp-12.4%▲ 49.2pp11.1%▲ 23.5pp
Equity€10,523-€7,240▼ 31.2%-€19,947-€22,499▼ 12.8%-€12,895▲ 42.7%
Total assets€15,723-€12,127▼ 22.9%€17,392▲ 43.4%€17,532▲ 0.8%€58,446▲ 233%
Debt€5,200-€4,887▼ 6.0%€37,339▲ 664%€40,031▲ 7.2%€71,341▲ 78.2%
Working capital€583--€2,411-€26,024▼ 979%-€16,806▲ 35.4%-€6,809▲ 59.5%
Balance-sheet composition
2010 in colour, 2009 as the grey bar beneath
Assets €58,446
Fixed assets
€3,915 ▼ 24.9%
Current assets
€54,532 ▲ 343%
Equity and liabilities
Equity-€12,895
Debt€71,341
Equity is negative: debt (€71,341) exceeds the balance-sheet total (€58,446).
Key figures and ratios
EBITDA
€11,957▲
2009 · -€2,899
Cash flow
€11,728▲
2009 · -€3,478
Solvency
-22.1%▲
2009 · -128.3%
Current ratio
0.89▲
2009 · 0.42
Quick ratio
0.89▲
2009 · 0.28
ROA
16.4%▲
2009 · -31.0%
Debt ≤ 1 year
€61,341▲
2009 · €29,125
Debt > 1 year
€10,000▼
2009 · €10,906
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €83,781 | €65,218 | €40,745 | €39,131 | €88,984 | ▲ 127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,246 | €4,936 | €5,054 | €1,959 | €2,124 | ▲ 8.4% |
| Gross operating margin9900 | €10,361 | €2,893 | -€15,164 | -€2,446 | €12,125 | - |
| Operating profit (loss)9901 | €5,713 | -€3,493 | -€25,113 | -€4,858 | €9,833 | - |
| Recurring financial income75 | - | €77 | €56 | - | - | - |
| Recurring financial charges65 | €5 | €43 | €736 | €579 | €229 | ▼ 60.5% |
| Profit (loss) for the period before taxes9903 | €6,116 | -€3,459 | -€25,793 | -€5,437 | €9,604 | - |
| Income taxes67/77 | - | - | €1,407 | - | - | - |
| Profit (loss) for the period9904 | €6,116 | -€3,459 | -€27,200 | -€5,437 | €9,604 | - |
| Profit (loss) for the period to be appropriated9905 | €6,116 | -€3,459 | -€27,200 | -€5,437 | €9,604 | - |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,723 | €12,127 | €17,392 | €17,532 | €58,446 | ▲ 233% |
| Fixed assets21/28 | €9,940 | €9,651 | €12,232 | €5,213 | €3,915 | ▼ 24.9% |
| Tangible fixed assets22/27 | €9,940 | €9,651 | €12,232 | €5,213 | €3,915 | ▼ 24.9% |
| Current assets29/58 | €5,783 | €2,476 | €5,160 | €12,319 | €54,532 | ▲ 343% |
| Stocks and contracts in progress3 | - | €0 | €251 | €4,135 | €155 | ▼ 96.3% |
| Amounts receivable within one year40/41 | €5,390 | €101 | €3,607 | €3,805 | €50,416 | ▲ 13× |
| Cash at bank and in hand54/58 | €393 | €2,376 | €1,302 | €4,379 | €3,961 | ▼ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,723 | €12,127 | €17,392 | €17,532 | €58,446 | ▲ 233% |
| Equity10/15 | €10,523 | €7,240 | -€19,947 | -€22,499 | -€12,895 | ▲ 42.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €4,323 | €1,040 | -€26,147 | -€28,699 | -€19,095 | ▲ 33.5% |
| Amounts payable17/49 | €5,200 | €4,887 | €37,339 | €40,031 | €71,341 | ▲ 78.2% |
| Amounts payable after more than one year17 | - | - | €6,154 | €10,906 | €10,000 | ▼ 8.3% |
| Amounts payable within one year42/48 | €5,200 | €4,887 | €31,184 | €29,125 | €61,341 | ▲ 111% |
| Trade debts44 | €0 | €723 | €23,118 | €23,876 | €55,409 | ▲ 132% |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,116 | -€3,459 | -€27,200 | -€5,437 | €9,604 | - |
| + Depreciation and write-downs630 | €4,246 | €4,936 | €5,054 | €1,959 | €2,124 | ▲ 8.4% |
| Operating cash flow (approximation) | €10,362 | €1,477 | -€22,146 | -€3,478 | €11,728 | - |
| Investment in fixed assets (approximation) | - | -€4,646 | -€7,634 | €5,060 | -€826 | - |
| Change in cash | - | €1,982 | -€1,073 | €3,076 | -€418 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2010 | abbreviated format | 29-08-2011 | 2011-46900390 |
| 31-12-2009 | abbreviated format | 18-08-2010 | 2010-42600238 |
| 31-12-2008 | abbreviated format | 25-08-2009 | 2009-63200004 |
| 31-12-2007 | abbreviated format | 22-08-2008 | 2008-60400007 |
| 31-12-2006 | abbreviated format | 23-08-2007 | 2007-59900168 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.