TECHNOTRA
Open bankruptcyFinancials · financial year 2010, full format
Turnover
€16.1m▼ 19.5%
2009 · €20.0m
EBIT margin
-1.8%▼ 4.4pp
2009 · 2.7%
Net result
-€513,311
2009 · €224,301
Working capital
€710,609▼ 37.3%
2009 · €1.1m
Trend over the years
2006 to 2010, 5 financial years 2006 to 2010, 5 financial years
The operating result turns negative in 2010: a loss of €283,119 after €537,571 in 2009, the lowest 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€16.1m
2010
Operating result-€0.3m
2010
Net result-€0.5m
2010
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.4m
2010
Equity€0.8m
2010
Debt€5.3m
2010
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.7m
2010
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-1.8%
2010
Average staff in full-time equivalents (FTE).
Staff (FTE)45.3
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€12.3m-€13.9m▲ 12.9%€15.0m▲ 7.6%€20.0m▲ 33.8%€16.1m▼ 19.5%
Operating result€0.2m-€0.3m▲ 52.4%-€0.06m€0.5m-€0.3m
Net result€0.02m-€0.1m▲ 643%-€0.06m€0.2m-€0.5m
EBIT margin1.5%-2.0%▲ 0.5pp-0.4%▼ 2.4pp2.7%▲ 3.1pp-1.8%▼ 4.4pp
Equity€0.8m-€0.9m▲ 14.5%€0.8m▼ 7.0%€1.3m▲ 56.6%€0.8m▼ 38.9%
Total assets€6.3m-€6.9m▲ 9.2%€6.9m▼ 0.8%€9.0m▲ 30.5%€6.4m▼ 29.1%
Debt€5.5m-€5.7m▲ 4.3%€5.8m▲ 1.6%€7.4m▲ 28.3%€5.3m▼ 28.2%
Working capital€0.6m-€0.8m▲ 39.0%€0.6m▼ 24.3%€1.1m▲ 95.1%€0.7m▼ 37.3%
Staff (FTE)35.3-39▲ 10.5%43.3▲ 11.0%49▲ 13.2%45.3▼ 7.6%
Balance-sheet composition
2010 in colour, 2009 as the grey bar beneath
Assets €6.4m
Fixed assets
€431,739 ▼ 20.2%
Current assets
€5.9m ▼ 29.6%
Equity and liabilities €6.4m
Equity
€806,355 ▼ 38.9%
Provisions
€222,223 =
Debt
€5.3m ▼ 28.2%
Debt's share of the balance-sheet total rises from 82.8% to 83.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€220,019▼
2009 · €612,005
Cash flow
-€450,211▼
2009 · €298,735
Current ratio
1.14▼
2009 · 1.16
Quick ratio
1.13▼
2009 · 1.13
Debt to equity
0.14▲
2009 · 0.10
ROE
-63.7%▼
2009 · 17.0%
ROA
-8.1%▼
2009 · 2.5%
Interest coverage
-1.14▼
2009 · 3.25
Debt ≤ 1 year
€5.2m▼
2009 · €7.3m
Debt > 1 year
€113,770▼
2009 · €132,925
Income taxes
€6,128▼
2009 · €156,518
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 | €12.3m | €13.9m | €15.0m | €20.0m | €16.1m | ▼ 19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.2m | €0.1m | €0.07m | €0.06m | ▼ 15.2% |
| Operating profit (loss)9901 | €0.2m | €0.3m | -€0.06m | €0.5m | -€0.3m | - |
| Recurring financial income75 | €0.05m | €0.05m | €0.2m | €0.02m | €0.04m | ▲ 174% |
| Recurring financial charges65 | €0.08m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 9.0% |
| Debt charges650 | €0.07m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 2.6% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.3m | -€0.06m | €0.4m | -€0.5m | - |
| Income taxes67/77 | €0.09m | €0.1m | - | €0.2m | €0.006m | ▼ 96.1% |
| Profit (loss) for the period9904 | €0.02m | €0.1m | -€0.06m | €0.2m | -€0.5m | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.1m | -€0.06m | €0.2m | -€0.5m | - |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.3m | €6.9m | €6.9m | €9.0m | €6.4m | ▼ 29.1% |
| Fixed assets21/28 | €0.7m | €0.8m | €0.7m | €0.5m | €0.4m | ▼ 20.2% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.2m | €0.1m | €0.04m | ▼ 60.8% |
| Financial fixed assets28 | €0.4m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 11.1% |
| Current assets29/58 | €5.6m | €6.2m | €6.2m | €8.4m | €5.9m | ▼ 29.6% |
| Stocks and contracts in progress3 | €0.03m | €0.1m | €0.1m | €0.2m | €0.04m | ▼ 75.4% |
| Amounts receivable within one year40/41 | €4.7m | €5.5m | €5.9m | €7.4m | €5.7m | ▼ 23.0% |
| Current investments50/53 | - | €0.3m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.9m | €0.3m | €0.03m | €0.8m | €0.2m | ▼ 78.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.3m | €6.9m | €6.9m | €9.0m | €6.4m | ▼ 29.1% |
| Equity10/15 | €0.8m | €0.9m | €0.8m | €1.3m | €0.8m | ▼ 38.9% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.9m | €0.9m | = |
| Reserves13 | €0.01m | €0.02m | €0.02m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.1m | €0.4m | -€0.2m | - |
| Provisions and deferred taxes16 | €0.09m | €0.3m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable17/49 | €5.5m | €5.7m | €5.8m | €7.4m | €5.3m | ▼ 28.2% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.2m | €0.1m | €0.1m | ▼ 14.4% |
| Amounts payable within one year42/48 | €5.1m | €5.4m | €5.6m | €7.3m | €5.2m | ▼ 28.4% |
| Trade debts44 | €3.7m | €3.4m | €3.4m | €4.6m | €3.1m | ▼ 32.5% |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,446 | €114,761 | -€63,501 | €224,301 | -€513,311 | - |
| + Depreciation and write-downs630 | €124,759 | €155,239 | €109,900 | €74,434 | €63,100 | ▼ 15.2% |
| Operating cash flow (approximation) | €140,204 | €269,999 | €46,398 | €298,735 | -€450,211 | - |
| Investment in fixed assets (approximation) | - | -€196,429 | -€44,777 | €102,540 | €46,149 | ▼ 55.0% |
| Change in cash | - | -€641,543 | -€224,886 | €813,789 | -€661,805 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2010 | full format | 14-07-2011 | 2011-29400380 |
| 31-12-2009 | full format | 20-05-2010 | 2010-12100500 |
| 31-12-2008 | full format | 10-07-2009 | 2009-39000096 |
| 31-12-2007 | full format | 31-07-2008 | 2008-49900051 |
| 31-12-2006 | full format | 23-07-2007 | 2007-43500208 |
| 31-12-2005 | full format | 31-07-2006 | 2006-56304753 |
| 31-12-2004 | full format | 29-07-2005 | 2005-58301264 |
| 31-12-2003 | full format | 30-07-2004 | 2004-55204270 |
| 31-12-2002 | full format | 30-07-2003 | 2003-54504431 |
| 31-12-2001 | full format | 17-09-2002 | 2002-56302013 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.