TARGET COMPILER TECHNOLOGIES
InactiveFinancials · financial year 2015, full format
Annual accounts 2015 filed on 12-01-2016 PDF all 19 filings
Turnover
€841,380
EBIT margin
-32.3%
Net result
€82,880▼ 99.3%
2014 · €12.6m
Working capital
€728,938▲ 12.8%
2014 · €646,058
Multi-year overview
2011 to 2015, 5 financial yearsTurnover
no figure
2015
20112015
Operating result
€41,303
2015
20112015
Net result
€82,880
▼ 99.3%
2015
20112015
EBIT margin
no figure
2015
20112015
Equity
€728,938
▲ 12.8%
2015
20112015
Total assets
€738,438
▼ 95.7%
2015
20112015
Debt
€9,500
▼ 99.9%
2015
20112015
Working capital
€728,938
▲ 12.8%
2015
20112015
Staff (FTE)
no figure
2015
20112015
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Turnover€0.8m
Operating result€1.8m-€2.2m▲ 21.7%€2.1m▼ 5.4%-€0.3m€0.04m
Net result€1.3m-€1.5m▲ 16.8%€1.4m▼ 11.0%€12.6m▲ 823%€0.08m▼ 99.3%
EBIT margin-32.3%
Equity€6.0m-€7.5m▲ 25.6%€0.6m▼ 92.5%€0.6m▲ 14.0%€0.7m▲ 12.8%
Total assets€7.0m-€8.9m▲ 28.6%€10.4m▲ 15.7%€17.4m▲ 67.7%€0.7m▼ 95.7%
Debt€0.9m-€1.4m▲ 48.1%€9.8m▲ 601%€16.7m▲ 70.8%€0.01m▼ 99.9%
Working capital€5.9m-€7.5m▲ 28.3%€0.6m▼ 91.6%€0.6m▲ 2.4%€0.7m▲ 12.8%
Staff (FTE)11.1-11.7▲ 5.4%14.1▲ 20.5%7.2▼ 48.9%
The operating result for 2015 is a profit of €41,303, after a loss of €271,847 in 2014.
Large changes and their cause
- 2015 Net result -99% on 2014. The previous financial year ran 10 months, this one 12.
- 2014 Net result +823% on 2013. This financial year ran 10 months, the previous one 12. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Equity and liabilities €738,438
Equity
€728,938 ▲ 12.8%
Debt
€9,500 ▼ 99.9%
Debt's share of the balance-sheet total falls from 96.3% to 1.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
77.73▲
2014 · 1.04
Debt to equity
0.01▼
2014 · 25.86
ROE
11.4%
ROA
11.2%▼
2014 · 72.8%
Debt ≤ 1 year
€9,500▼
2014 · €16.7m
Income taxes
-€60,068▼
2014 · €6.3m
Supplier credit
97 days▲
2014 · 16 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Auditor
| Item | 31-10-2014 | 31-10-2015 |
|---|---|---|
| Fee for the audit | €8,800 | €5,500 |
Source: notes to the 2014 to 2015 annual accounts (relations with the auditor)
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0.8m | - | - |
| Other operating income74 | - | - | - | €0.007m | €0.08m | ▲ 968% |
| Services and other goods61 | - | - | - | €0.3m | €0.04m | ▼ 88.9% |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.01m | €0.001m | - | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.001m | ▼ 97.1% |
| Gross operating margin9900 | €3.1m | €3.6m | €3.8m | - | - | - |
| Operating profit (loss)9901 | €1.8m | €2.2m | €2.1m | -€0.3m | €0.04m | - |
| Recurring financial income75 | €0.1m | €0.04m | €0.03m | €1.6m | €0.4m | ▼ 73.8% |
| Other financial income752/9 | - | - | - | €1.6m | €0.4m | ▼ 73.8% |
| Recurring financial charges65 | €0.002m | €0.02m | €0.1m | €1.7m | €0.4m | ▼ 74.1% |
| Other financial charges652/9 | - | - | - | €1.7m | €0.4m | ▼ 74.1% |
| Profit (loss) for the period before taxes9903 | €1.9m | €2.2m | €2.0m | €19.0m | €0.02m | ▼ 99.9% |
| Income taxes67/77 | €0.6m | €0.7m | - | €6.3m | -€0.06m | - |
| Taxes670/3 | - | - | - | €6.4m | €0.004m | ▼ 99.9% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.06m | €0.06m | ▲ 15.4% |
| Profit (loss) for the period9904 | €1.3m | €1.5m | €1.4m | €12.6m | €0.08m | ▼ 99.3% |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €1.5m | €1.4m | €12.6m | €0.08m | ▼ 99.3% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.0m | €8.9m | €10.4m | €17.4m | €0.7m | ▼ 95.7% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.1m | - | - | - |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.03m | - | - | - |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | - | - | - |
| Current assets29/58 | €6.8m | €8.8m | €10.2m | €17.4m | €0.7m | ▼ 95.7% |
| Amounts receivable within one year40/41 | €2.6m | €3.5m | €3.2m | €0.002m | €0.02m | ▲ 13× |
| Other amounts receivable41 | - | - | - | €0.002m | €0.02m | ▲ 13× |
| Current investments50/53 | €3.9m | €5.0m | €6.1m | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.8m | €17.3m | €0.7m | ▼ 95.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.0m | €8.9m | €10.4m | €17.4m | €0.7m | ▼ 95.7% |
| Equity10/15 | €6.0m | €7.5m | €0.6m | €0.6m | €0.7m | ▲ 12.8% |
| Contributions10/11 | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | = |
| Capital10 | - | - | - | €0.6m | €0.6m | = |
| Issued capital100 | - | - | - | €0.6m | €0.6m | = |
| Reserves13 | €0.04m | €0.04m | €0.05m | €0.06m | €0.06m | = |
| Legal reserve130 | - | - | - | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | €5.5m | €7.1m | €0.03m | - | €0.08m | - |
| Amounts payable17/49 | €0.9m | €1.4m | €9.8m | €16.7m | €0.01m | ▼ 99.9% |
| Amounts payable within one year42/48 | €0.9m | €1.3m | €9.6m | €16.7m | €0.01m | ▼ 99.9% |
| Trade debts44 | €0.4m | €0.6m | €0.4m | €0.01m | €0.01m | ▼ 31.9% |
| Suppliers440/4 | - | - | - | €0.01m | €0.01m | ▼ 31.9% |
| Taxes, remuneration and social security45 | - | - | - | €2.7m | - | - |
| Taxes450/3 | - | - | - | €2.7m | - | - |
| Other amounts payable47/48 | - | - | - | €14.0m | - | - |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €1.5m | €1.4m | €12.6m | €0.08m | ▼ 99.3% |
| + Depreciation and write-downs630 | €0.02m | €0.02m | €0.01m | €0.001m | - | - |
| Operating cash flow (approximation) | €1.3m | €1.6m | €1.4m | €12.6m | €0.08m | ▼ 99.3% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.03m | - | - | - |
| Change in cash | - | -€0.007m | €0.7m | €16.5m | -€16.6m | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-10-2015 | full format | 12-01-2016 | 2016-01300143 | |
| 31-10-2014 | full format | 22-12-2014 | 2014-70300544 | |
| 31-12-2013 | abbreviated format | 27-05-2014 | 2014-13800020 | |
| 31-12-2012 | abbreviated format | 23-07-2013 | 2013-33500278 | |
| 31-12-2011 | abbreviated format | 20-07-2012 | 2012-32200014 | |
| 31-12-2010 | abbreviated format | 29-07-2011 | 2011-36500220 | |
| 31-12-2009 | abbreviated format | 25-08-2010 | 2010-45500122 | |
| 31-12-2008 | abbreviated format | 20-08-2009 | 2009-60800091 | |
| 31-12-2007 | abbreviated format | 04-07-2008 | 2008-36800321 | |
| 31-12-2006 | abbreviated format | 03-08-2007 | 2007-53800286 |