SYSPEO
InactiveFinancials · financial year 2009, full format
Annual accounts 2009 filed on 08-02-2010 PDF all 16 filings
Turnover
≈ €200,000
Estimated: probably between €120,000 and €380,000
EBIT margin
Not included in this filing
Net result
-€248,654▲ 43.9%
2008 · -€443,129
Working capital
-€97,608▼ 37.4%
2008 · -€71,055
Multi-year overview
2007 to 2009, 3 financial yearsOperating result
-€312,991
▲ 36.6%
2009
20072009
Net result
-€248,654
▲ 43.9%
2009
20072009
Equity
-€65,895
2009
20072009
Total assets
€545,425
▲ 24.6%
2009
20072009
Debt
€611,320
▲ 75.0%
2009
20072009
Working capital
-€97,608
▼ 37.4%
2009
20072009
Staff (FTE)
3.3
▲ 10.0%
2009
20072009
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line200720082009
Operating result-€425,343--€493,440▼ 16.0%-€312,991▲ 36.6%
Net result-€399,302--€443,129▼ 11.0%-€248,654▲ 43.9%
Equity€149,184-€88,487▼ 40.7%-€65,895
Total assets€559,757-€437,876▼ 21.8%€545,425▲ 24.6%
Debt€410,572-€349,388▼ 14.9%€611,320▲ 75.0%
Working capital€60,602--€71,055-€97,608▼ 37.4%
Staff (FTE)3-3=3.3▲ 10.0%
The operating result for 2009 is a loss of €312,991, smaller than the loss of €493,440 in 2008.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2009 in colour, 2008 as the grey bar beneath
Assets €545,425
Fixed assets
€220,936 ▼ 0.4%
Current assets
€324,488 ▲ 50.2%
Equity and liabilities
Equity-€65,895
Debt€611,320
Equity is negative. Debt (€611,320) exceeds the balance-sheet total (€545,425).
Key figures and ratios
EBITDA
-€87,851▲
2008 · -€301,709
Cash flow
-€23,514▲
2008 · -€251,398
Solvency
-12.1%▼
2008 · 20.2%
Current ratio
0.77▲
2008 · 0.75
Quick ratio
0.68▼
2008 · 0.70
ROA
-45.6%▲
2008 · -101.2%
Debt ≤ 1 year
€422,096▲
2008 · €287,062
Debt > 1 year
€129,713▲
2008 · €57,828
Income taxes
€0▲
2008 · -€440
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,774 | €191,731 | €225,140 | ▲ 17.4% |
| Gross operating margin9900 | -€128,382 | -€196,098 | €70,965 | - |
| Operating profit (loss)9901 | -€425,343 | -€493,440 | -€312,991 | ▲ 36.6% |
| Recurring financial income75 | €56,353 | €78,212 | €95,680 | ▲ 22.3% |
| Recurring financial charges65 | €28,799 | €28,342 | €33,638 | ▲ 18.7% |
| Profit (loss) for the period before taxes9903 | -€398,856 | -€443,569 | -€248,654 | ▲ 43.9% |
| Income taxes67/77 | €446 | -€440 | €0 | - |
| Profit (loss) for the period9904 | -€399,302 | -€443,129 | -€248,654 | ▲ 43.9% |
| Profit (loss) for the period to be appropriated9905 | -€399,302 | -€443,129 | -€248,654 | ▲ 43.9% |
| Line | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.6m | €0.4m | €0.5m | ▲ 24.6% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | ▼ 0.4% |
| Intangible fixed assets21 | €0.2m | €0.2m | €0.2m | ▼ 1.6% |
| Tangible fixed assets22/27 | €0.007m | €0.006m | €0.009m | ▲ 40.2% |
| Financial fixed assets28 | €150 | €150 | €150 | = |
| Current assets29/58 | €0.4m | €0.2m | €0.3m | ▲ 50.2% |
| Stocks and contracts in progress3 | €0.01m | €0.02m | €0.04m | ▲ 147% |
| Amounts receivable within one year40/41 | €0.3m | €0.1m | €0.3m | ▲ 92.3% |
| Cash at bank and in hand54/58 | €0.01m | €0.05m | €0.001m | ▼ 97.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.6m | €0.4m | €0.5m | ▲ 24.6% |
| Equity10/15 | €0.1m | €0.09m | -€0.07m | - |
| Contributions10/11 | €1.2m | €1.7m | €1.8m | ▲ 11.4% |
| Profit (loss) carried forward14 | -€1.4m | -€1.9m | -€2.1m | ▼ 13.3% |
| Amounts payable17/49 | €0.4m | €0.3m | €0.6m | ▲ 75.0% |
| Amounts payable after more than one year17 | €0.09m | €0.06m | €0.1m | ▲ 124% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.4m | ▲ 47.0% |
| Trade debts44 | €0.1m | €0.1m | €0.1m | ▼ 10.0% |
| Line | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€399,302 | -€443,129 | -€248,654 | ▲ 43.9% |
| + Depreciation and write-downs630 | €148,774 | €191,731 | €225,140 | ▲ 17.4% |
| Operating cash flow (approximation) | -€250,528 | -€251,398 | -€23,514 | ▲ 90.6% |
| Investment in fixed assets (approximation) | - | -€224,616 | -€224,207 | ▲ 0.2% |
| Change in cash | - | €43,334 | -€52,816 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2009 | full format | 08-02-2010 | 2010-03800365 | |
| 30-06-2008 | full format | 14-05-2009 | 2009-14900006 | |
| 30-06-2007 | full format | 20-12-2007 | 2007-84500076 | |
| 30-06-2006 | full format | 27-12-2006 | 2006-93100147 | |
| 30-06-2005 | full format | 12-12-2005 | 2005-89200346 | |
| 30-06-2004 | full format | 01-12-2004 | 2004-82403203 | |
| 31-12-2002 | full format | 04-06-2003 | 2003-19004888 | |
| 31-12-2001 | full format | 30-05-2002 | 2002-15402673 | |
| 31-12-2000 | full format | 19-06-2001 | 2001-23301617 | |
| 31-12-1999 | full format | 05-05-2000 | 2000-11500267 |