TERADEL
ActiveFinancials · financial year 2011, full format
Annual accounts 2011 filed on 28-11-2011 PDF all 3 filings
Turnover
€53,646▲ 33.6%
2009 · €40,162
EBIT margin
-39.6%▲ 9.3pp
2009 · -49.0%
Net result
-€14,754▲ 37.1%
2010 · -€23,440
Working capital
-€105,195▼ 458%
2010 · -€18,842
Multi-year overview
2009 to 2011, 3 financial yearsTurnover
no figure
2011
20092011
Operating result
-€11,702
▲ 44.9%
2011
20092011
Net result
-€14,754
▲ 37.1%
2011
20092011
EBIT margin
no figure
2011
20092011
Equity
€6,176
▼ 70.5%
2011
20092011
Total assets
€155,383
▲ 19.7%
2011
20092011
Debt
€149,207
▲ 37.1%
2011
20092011
Working capital
-€105,195
▼ 458%
2011
20092011
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line200920102011
Turnover€40,162-€53,646▲ 33.6%
Operating result-€19,662--€21,256▼ 8.1%-€11,702▲ 44.9%
Net result-€21,926--€23,440▼ 6.9%-€14,754▲ 37.1%
EBIT margin-49.0%--39.6%▲ 9.3pp
Equity€20,930-€20,930=€6,176▼ 70.5%
Total assets€84,941-€129,784▲ 52.8%€155,383▲ 19.7%
Debt€64,011-€108,854▲ 70.1%€149,207▲ 37.1%
Working capital-€37,971--€18,842▲ 50.4%-€105,195▼ 458%
The operating result for 2011 is a loss of €11,702, smaller than the loss of €21,256 in 2010.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €155,383
Fixed assets
€151,871 ▲ 42.9%
Current assets
€3,512 ▼ 85.1%
Equity and liabilities €155,383
Equity
€6,176 ▼ 70.5%
Debt
€149,207 ▲ 37.1%
Debt's share of the balance-sheet total rises from 83.9% to 96.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21,925▲
2010 · €13,416
Cash flow
€18,873▲
2010 · €11,232
Current ratio
0.03▼
2010 · 0.56
Debt to equity
6.56▲
2010 · 3.18
ROE
-238.9%▼
2010 · -112.0%
ROA
-9.5%▲
2010 · -18.1%
Debt ≤ 1 year
€108,707▲
2010 · €42,354
Debt > 1 year
€40,500▼
2010 · €66,500
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|
| Turnover70 | €40,162 | €53,646 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,762 | €34,672 | €33,627 | ▼ 3.0% |
| Gross operating margin9900 | €6,228 | €13,544 | €23,820 | ▲ 75.9% |
| Operating profit (loss)9901 | -€19,662 | -€21,256 | -€11,702 | ▲ 44.9% |
| Recurring financial income75 | €16 | €2 | €16 | ▲ 700% |
| Recurring financial charges65 | €2,280 | €2,186 | €3,068 | ▲ 40.3% |
| Profit (loss) for the period before taxes9903 | -€21,926 | -€23,440 | -€14,754 | ▲ 37.1% |
| Profit (loss) for the period9904 | -€21,926 | -€23,440 | -€14,754 | ▲ 37.1% |
| Profit (loss) for the period to be appropriated9905 | -€21,926 | -€23,440 | -€14,754 | ▲ 37.1% |
| Line | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €84,941 | €129,784 | €155,383 | ▲ 19.7% |
| Formation expenses20 | €1,000 | €705 | €470 | ▼ 33.3% |
| Fixed assets21/28 | €81,944 | €106,272 | €151,871 | ▲ 42.9% |
| Tangible fixed assets22/27 | €80,944 | €105,567 | €151,401 | ▲ 43.4% |
| Current assets29/58 | €2,997 | €23,512 | €3,512 | ▼ 85.1% |
| Amounts receivable within one year40/41 | €1,211 | €1,489 | €2,759 | ▲ 85.3% |
| Cash at bank and in hand54/58 | €1,786 | €22,023 | €753 | ▼ 96.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €84,941 | €129,784 | €155,383 | ▲ 19.7% |
| Equity10/15 | €20,930 | €20,930 | €6,176 | ▼ 70.5% |
| Contributions10/11 | €20,930 | €20,930 | €20,930 | = |
| Profit (loss) carried forward14 | - | - | -€14,754 | - |
| Amounts payable17/49 | €64,011 | €108,854 | €149,207 | ▲ 37.1% |
| Amounts payable after more than one year17 | €23,043 | €66,500 | €40,500 | ▼ 39.1% |
| Amounts payable within one year42/48 | €40,968 | €42,354 | €108,707 | ▲ 157% |
| Trade debts44 | €1,693 | €4,388 | €282 | ▼ 93.6% |
| Line | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,926 | -€23,440 | -€14,754 | ▲ 37.1% |
| + Depreciation and write-downs630 | €25,762 | €34,672 | €33,627 | ▼ 3.0% |
| Operating cash flow (approximation) | €3,836 | €11,232 | €18,873 | ▲ 68.0% |
| Investment in fixed assets (approximation) | - | -€59,000 | -€79,226 | ▼ 34.3% |
| Change in cash | - | €20,237 | -€21,270 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.