TERINVEST
InactiveInactive; last annual accounts for fiscal year 2013.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 26-03-2013 was due by 26-10-2013 and was filed on 28-10-2013, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2013
2 d late
2012
28 d early
2011
48 d early
2010
31 d early
2009
27 d late
2008
45 d early
2007
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2013, full schema
Turnover
€127k▼ 51.9%
2012 · €265k
2012: €265k
2012 → 2013
EBIT margin
82.6%▲ 29.3pp
2012 · 53.4%
2012: 53.4%
2012 → 2013
Net result
€79k▼ 45.5%
2012 · €146k
2009: €72k
2010: €84k
2011: €391k
2012: €146k
2009 → 2013
Working capital
€1.32M▼ 1.3%
2012 · €1.34M
2009: €1.39M
2010: €518k
2011: €1.48M
2012: €1.34M
2009 → 2013
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20092010201120122013Trend
Turnover€265k€127k▼ 51.9%
Equity€1.71M-€1.39M▼ 18.9%€1.78M▲ 28.2%€1.93M▲ 8.2%€2.00M▲ 4.1%
Operating result€44k-€87k▲ 95.7%€558k▲ 543%€141k▼ 74.7%€105k▼ 25.6%
Net result€72k-€84k▲ 17.7%€391k▲ 363%€146k▼ 62.8%€79k▼ 45.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2013 is 26% below 2012.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €2.24M
Fixed assets
€836k ▲ 13.2%
Current assets
€1.40M ▲ 1.8%
Equity and liabilities €2.24M
Equity
€2.00M ▲ 4.1%
Provisions
€148k =
Debt
€86k ▲ 101%
Debt's share of the balance-sheet total rises from 2.0% to 3.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€121k▼
2012 · €185k
Cash flow
€95k▼
2012 · €189k
Current ratio
16.39▼
2012 · 32.30
ROE
4.0%▼
2012 · 7.6%
ROA
3.5%▼
2012 · 6.9%
Debt ≤ 1 year
€86k▲
2012 · €43k
Income taxes
€26k▼
2012 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2013 against 2012 · 25 lines
Balance sheet
Code20122013
Assets
Total assets20/58€2.12M€2.24M▲
Fixed assets21/28€738k€836k▲
Tangible fixed assets22/27€738k€836k▲
Current assets29/58€1.38M€1.40M▲
Amounts receivable within one year40/41€67k-
Cash at bank and in hand54/58€1.31M€1.40M▲
Equity and liabilities
Total equity and liabilities10/49€2.12M€2.24M▲
Equity10/15€1.93M€2.00M▲
Contributions10/11€166k€166k=
Reserves13€1.61M€1.61M=
Profit (loss) carried forward14€146k€225k▲
Provisions and deferred taxes16€148k€148k=
Amounts payable17/49€43k€86k▲
Amounts payable within one year42/48€43k€86k▲
Trade debts44-€3k
Income statement
Code20122013
Turnover70€265k€127k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€16k▼
Operating profit (loss)9901€141k€105k▼
Recurring financial income75€49k€803▼
Recurring financial charges65€7k€174▼
Debt charges650€6k-
Profit (loss) for the period before taxes9903€191k€106k▼
Income taxes67/77€46k€26k▼
Profit (loss) for the period9904€146k€79k▼
Profit (loss) for the period to be appropriated9905€146k€79k▼
Timeline · acts, filings and financial milestones
2013
28-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 2 days late
23-07
State Gazette act
General meeting · Merger
Accounting effect · Capital increase · Catherine Gillardin
07-05
State Gazette act
Merger · Capital
Corporate purpose · Share issue
02-04
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
26-03
Financial
Equity above €2MEq €2.00M ▲4.1%
5 profitable years in a row build equity to €2.00M.
2012
13-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
30-09
Financial
Highest result since 2009net €391k ▲363%
Operating result €558k, net result €391k, both a record.
30-09
Financial
Liquidity times 9current ratio 21.05
Current ratio from 2.23 to 21.05; short-term debt falls from €420k to €74k.
30-03
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
27-05
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 27 days late
2009
16-03
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
30-04
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
Show earlier events
2007
13-03
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
03-03
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
30-03
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:AEDIFICA