TECHNI PROJECT
Dissolution or liquidationFinancials · financial year 2008, full format
Annual accounts 2008 filed on 04-08-2009 PDF all 9 filings
Turnover
≈ €1.6m
Estimated: probably between €970,000 and €2.7m
EBIT margin
Not included in this filing
Net result
€14,618▼ 63.0%
2007 · €39,467
Working capital
€252,440▲ 112%
2007 · €118,953
Trend over the years
2006 to 2008, 3 financial years 2006 to 2008, 3 financial years
The operating result for 2008 is 49% lower than in 2007.
Operating result€35,004
2008
Net result€14,618
2008
Total assets€776,021
2008
Equity€166,995
2008
Debt€609,025
2008
Working capital€252,440
2008
Staff (FTE)14.9
2008
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line200620072008
Operating result€34,506-€68,053▲ 97.2%€35,004▼ 48.6%
Net result€23,692-€39,467▲ 66.6%€14,618▼ 63.0%
Equity€116,022-€152,377▲ 31.3%€166,995▲ 9.6%
Total assets€408,487-€499,540▲ 22.3%€776,021▲ 55.3%
Debt€292,465-€347,163▲ 18.7%€609,025▲ 75.4%
Working capital€106,798-€118,953▲ 11.4%€252,440▲ 112%
Staff (FTE)8.3-16.8▲ 102%14.9▼ 11.3%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2008 in colour, 2007 as the grey bar beneath
Assets €776,021
Fixed assets
€103,809 ▲ 8.4%
Current assets
€672,212 ▲ 66.5%
Equity and liabilities €776,021
Equity
€166,995 ▲ 9.6%
Debt
€609,025 ▲ 75.4%
Debt's share of the balance-sheet total rises from 69.5% to 78.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63,619▼
2007 · €109,334
Cash flow
€43,233▼
2007 · €80,747
Current ratio
1.60▲
2007 · 1.42
Quick ratio
0.76▼
2007 · 1.33
Debt to equity
1.13▲
2007 · 0.41
ROE
8.8%▼
2007 · 25.9%
ROA
1.9%▼
2007 · 7.9%
Debt ≤ 1 year
€419,771▲
2007 · €284,864
Debt > 1 year
€189,254▲
2007 · €62,298
Income taxes
€5,525▼
2007 · €12,206
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,152 | €41,280 | €28,615 | ▼ 30.7% |
| Gross operating margin9900 | €368,650 | €664,072 | €681,181 | ▲ 2.6% |
| Operating profit (loss)9901 | €34,506 | €68,053 | €35,004 | ▼ 48.6% |
| Recurring financial income75 | €1,606 | €296 | €3,644 | ▲ 12× |
| Recurring financial charges65 | €8,555 | €14,637 | €18,503 | ▲ 26.4% |
| Profit (loss) for the period before taxes9903 | €27,047 | €51,673 | €20,144 | ▼ 61.0% |
| Income taxes67/77 | €3,354 | €12,206 | €5,525 | ▼ 54.7% |
| Profit (loss) for the period9904 | €23,692 | €39,467 | €14,618 | ▼ 63.0% |
| Profit (loss) for the period to be appropriated9905 | €10,902 | €39,467 | €14,618 | ▼ 63.0% |
| Line | 2006 | 2007 | 2008 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €408,487 | €499,540 | €776,021 | ▲ 55.3% |
| Fixed assets21/28 | €70,240 | €95,722 | €103,809 | ▲ 8.4% |
| Intangible fixed assets21 | €1,120 | €840 | €2,391 | ▲ 185% |
| Tangible fixed assets22/27 | €68,102 | €77,494 | €53,519 | ▼ 30.9% |
| Financial fixed assets28 | €1,018 | €17,388 | €47,899 | ▲ 175% |
| Current assets29/58 | €338,247 | €403,818 | €672,212 | ▲ 66.5% |
| Stocks and contracts in progress3 | - | €24,575 | €351,764 | ▲ 14× |
| Amounts receivable within one year40/41 | €279,325 | €348,079 | €285,835 | ▼ 17.9% |
| Cash at bank and in hand54/58 | €50,039 | €16,171 | €23,660 | ▲ 46.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €408,487 | €499,540 | €776,021 | ▲ 55.3% |
| Equity10/15 | €116,022 | €152,377 | €166,995 | ▲ 9.6% |
| Contributions10/11 | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €52,149 | €52,149 | €52,149 | = |
| Profit (loss) carried forward14 | €51,478 | €87,833 | €102,452 | ▲ 16.6% |
| Amounts payable17/49 | €292,465 | €347,163 | €609,025 | ▲ 75.4% |
| Amounts payable after more than one year17 | €59,064 | €62,298 | €189,254 | ▲ 204% |
| Amounts payable within one year42/48 | €231,449 | €284,864 | €419,771 | ▲ 47.4% |
| Trade debts44 | €130,940 | €171,545 | €286,592 | ▲ 67.1% |
| Line | 2006 | 2007 | 2008 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,692 | €39,467 | €14,618 | ▼ 63.0% |
| + Depreciation and write-downs630 | €32,152 | €41,280 | €28,615 | ▼ 30.7% |
| Operating cash flow (approximation) | €55,845 | €80,747 | €43,233 | ▼ 46.5% |
| Investment in fixed assets (approximation) | - | -€66,762 | -€36,701 | ▲ 45.0% |
| Change in cash | - | -€33,868 | €7,489 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2008 | full format | 04-08-2009 | 2009-54000290 | |
| 31-12-2007 | full format | 03-07-2008 | 2008-36000103 | |
| 31-12-2006 | full format | 30-08-2007 | 2007-70100146 | |
| 31-12-2005 | full format | 29-05-2006 | 2006-17301213 | |
| 31-12-2004 | full format | 26-05-2005 | 2005-17405071 | |
| 31-12-2003 | full format | 22-06-2004 | 2004-29304324 | |
| 31-12-2002 | full format | 26-06-2003 | 2003-29500152 | |
| 31-03-2001 | full format | 21-09-2001 | 2001-58004643 | |
| 31-03-2000 | full format | 13-09-2000 | 2000-56403342 |