TEIDEM
BankruptcyFinancials · financial year 2013, full format
Annual accounts 2013 filed on 19-06-2014 PDF all 37 filings
Turnover
€3.6m▼ 9.5%
2012 · €4.0m
EBIT margin
-0.2%▼ 4.2pp
2012 · 3.9%
Net result
-€43,980
2012 · €93,958
Working capital
€601,045▼ 43.8%
2012 · €1.1m
Multi-year overview
2009 to 2013, 5 financial yearsTurnover
€3.6m
▼ 9.5%
2013
20092013
Operating result
-€8,902
2013
20092013
Net result
-€43,980
2013
20092013
EBIT margin
-0.2%
▼ 4.2pp
2013
20092013
Equity
€614,057
▼ 43.9%
2013
20092013
Total assets
€764,226
▼ 73.0%
2013
20092013
Debt
€150,169
▼ 91.3%
2013
20092013
Working capital
€601,045
▼ 43.8%
2013
20092013
Staff (FTE)
6.5
▼ 4.4%
2013
20092013
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20092010201120122013
Turnover€5.7m-€5.6m▼ 2.0%€5.8m▲ 4.6%€4.0m▼ 30.8%€3.6m▼ 9.5%
Operating result€0.6m-€0.6m▲ 16.2%€0.5m▼ 20.1%€0.2m▼ 69.2%-€0.009m
Net result€0.3m-€1.2m▲ 279%€0.3m▼ 74.5%€0.09m▼ 70.1%-€0.04m
EBIT margin9.7%-11.5%▲ 1.8pp8.8%▼ 2.7pp3.9%▼ 4.9pp-0.2%▼ 4.2pp
Equity€0.9m-€1.0m▲ 4.4%€1.0m▲ 1.7%€1.1m▲ 9.4%€0.6m▼ 43.9%
Total assets€1.1m-€2.3m▲ 109%€2.7m▲ 15.5%€2.8m▲ 4.8%€0.8m▼ 73.0%
Debt€0.2m-€1.4m▲ 668%€1.7m▲ 25.4%€1.7m▲ 1.7%€0.2m▼ 91.3%
Working capital€0.7m-€0.9m▲ 17.5%€0.9m▲ 4.1%€1.1m▲ 17.1%€0.6m▼ 43.8%
Staff (FTE)11.8-7.7▼ 34.7%6.9▼ 10.4%6.8▼ 1.4%6.5▼ 4.4%
The operating result for 2013 is a loss of €8,902, after a profit of €157,760 in 2012. It is the lowest result since 2009.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €764,226
Fixed assets
€25,415 ▼ 48.8%
Current assets
€738,811 ▼ 73.5%
Equity and liabilities €764,226
Equity
€614,057 ▼ 43.9%
Provisions
€0 ▼ 100%
Debt
€150,169 ▼ 91.3%
Debt's share of the balance-sheet total falls from 61.1% to 19.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16,005▼
2012 · €197,661
Cash flow
-€19,073▼
2012 · €133,859
Current ratio
5.36▲
2012 · 1.62
ROE
-7.2%▼
2012 · 8.6%
ROA
-5.8%▼
2012 · 3.3%
Interest coverage
0.17▼
2012 · 2.68
Debt ≤ 1 year
€137,766▼
2012 · €1.7m
Income taxes
€799▼
2012 · €40,445
Customer credit
63 days▼
2012 · 228 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €5.7m | €5.6m | €5.8m | €4.0m | €3.6m | ▼ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.04m | €0.05m | €0.04m | €0.02m | ▼ 37.6% |
| Operating profit (loss)9901 | €0.6m | €0.6m | €0.5m | €0.2m | -€0.009m | - |
| Recurring financial income75 | €0.006m | €0.05m | €0.09m | €0.1m | €0.1m | ▼ 5.7% |
| Recurring financial charges65 | €0.1m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 7.4% |
| Debt charges650 | - | - | - | €0.07m | €0.09m | ▲ 27.7% |
| Profit (loss) for the period before taxes9903 | €0.5m | €1.8m | €0.5m | €0.1m | -€0.04m | - |
| Income taxes67/77 | €0.1m | €0.6m | €0.2m | €0.04m | €0.001m | ▼ 98.0% |
| Profit (loss) for the period9904 | €0.3m | €1.2m | €0.3m | €0.09m | -€0.04m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €1.2m | €0.3m | €0.09m | -€0.001m | - |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €2.3m | €2.7m | €2.8m | €0.8m | ▼ 73.0% |
| Fixed assets21/28 | €0.2m | €0.1m | €0.09m | €0.05m | €0.03m | ▼ 48.8% |
| Tangible fixed assets22/27 | €0.2m | €0.1m | €0.07m | €0.03m | €0.007m | ▼ 78.3% |
| Financial fixed assets28 | €25 | €25 | €0.02m | €0.02m | €0.02m | ▲ 1.4% |
| Current assets29/58 | €0.9m | €2.2m | €2.6m | €2.8m | €0.7m | ▼ 73.5% |
| Amounts receivable within one year40/41 | €0.3m | €2.1m | €2.5m | €2.5m | €0.6m | ▼ 75.0% |
| Cash at bank and in hand54/58 | €0.6m | €0.1m | €0.07m | €0.3m | €0.1m | ▼ 60.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €2.3m | €2.7m | €2.8m | €0.8m | ▼ 73.0% |
| Equity10/15 | €0.9m | €1.0m | €1.0m | €1.1m | €0.6m | ▼ 43.9% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | €0.6m | €0.6m | €0.7m | €0.7m | €0.3m | ▼ 64.5% |
| Provisions and deferred taxes16 | - | - | - | €0.006m | - | - |
| Amounts payable17/49 | €0.2m | €1.4m | €1.7m | €1.7m | €0.2m | ▼ 91.3% |
| Amounts payable within one year42/48 | €0.1m | €1.3m | €1.7m | €1.7m | €0.1m | ▼ 92.0% |
| Trade debts44 | €0.02m | €0.08m | €0.08m | €0.04m | €0.05m | ▲ 13.7% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €1.2m | €0.3m | €0.09m | -€0.04m | - |
| + Depreciation and write-downs630 | €0.03m | €0.04m | €0.05m | €0.04m | €0.02m | ▼ 37.6% |
| Operating cash flow (approximation) | €0.4m | €1.3m | €0.4m | €0.1m | -€0.02m | - |
| Investment in fixed assets (approximation) | - | €0.07m | -€0.02m | -€231 | -€0.001m | ▼ 188% |
| Change in cash | - | -€0.4m | -€0.05m | €0.2m | -€0.2m | - |
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 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2013 | full format | 19-06-2014 | 2014-19300253 | |
| 31-12-2012 | full format | 04-07-2013 | 2013-27500279 | |
| 31-12-2011 | full format | 12-07-2012 | 2012-29400478 | |
| 31-12-2010 | full format | 27-10-2011 | 2011-58900478 | |
| 31-12-2009 | full format | 30-09-2010 | 2010-56300004 | |
| 31-12-2008 | full format | 23-09-2009 | 2009-77200123 | |
| 31-12-2007 | full format | 19-06-2008 | 2008-23900164 | |
| 31-12-2006 | full format | 11-06-2007 | 2007-19700213 | |
| 31-12-2005 | full format | 30-06-2006 | 2006-35300049 | |
| 31-12-2004 | full format | 28-06-2005 | 2005-33600144 |