THERMOCONCEPT
Open bankruptcyFinancials · financial year 2010, full format
Annual accounts 2010 filed on 30-08-2011 PDF all 2 filings
Turnover
€572,100
EBIT margin
-1.1%
Net result
-€12,019
2009 · €568
Working capital
-€11,291▲ 32.8%
2009 · -€16,791
Trend over the years
2009 to 2010, 2 financial years
The operating result for 2010 is a loss of €6,149, after a profit of €1,329 in 2009.
Operating result-€6,149
2010
Net result-€12,019
2010
Total assets€167,766
2010
Equity-€1,450
2010
Debt€169,216
2010
Working capital-€11,291
2010
Staff (FTE)2.8
2010
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
Line20092010
Turnover€572,100
Operating result€1,329--€6,149
Net result€568--€12,019
EBIT margin-1.1%
Equity€10,568--€1,450
Total assets€131,126-€167,766▲ 27.9%
Debt€120,558-€169,216▲ 40.4%
Working capital-€16,791--€11,291▲ 32.8%
Staff (FTE)0.9-2.8▲ 211%
Balance-sheet composition
2010 in colour, 2009 as the grey bar beneath
Assets €167,766
Fixed assets
€64,869 ▲ 137%
Current assets
€102,897 ▼ 0.8%
Equity and liabilities
Equity-€1,450
Debt€169,216
Equity is negative. Debt (€169,216) exceeds the balance-sheet total (€167,766).
Key figures and ratios
EBITDA
€20,539▲
2009 · €10,973
Cash flow
€14,669▲
2009 · €10,212
Solvency
-0.9%▼
2009 · 8.1%
Current ratio
0.90▲
2009 · 0.86
Quick ratio
0.77▲
2009 · 0.64
ROA
-7.2%▼
2009 · 0.4%
Debt ≤ 1 year
€114,188▼
2009 · €120,558
Debt > 1 year
€36,028
Customer credit
55 days
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | Change |
|---|---|---|---|
| Turnover70 | - | €572,100 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,644 | €26,688 | ▲ 177% |
| Gross operating margin9900 | €21,141 | €116,492 | ▲ 451% |
| Operating profit (loss)9901 | €1,329 | -€6,149 | - |
| Recurring financial income75 | €141 | €980 | ▲ 595% |
| Recurring financial charges65 | €521 | €6,850 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | €949 | -€12,019 | - |
| Income taxes67/77 | €381 | - | - |
| Profit (loss) for the period9904 | €568 | -€12,019 | - |
| Profit (loss) for the period to be appropriated9905 | €568 | -€12,019 | - |
| Line | 2009 | 2010 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €131,126 | €167,766 | ▲ 27.9% |
| Fixed assets21/28 | €27,359 | €64,869 | ▲ 137% |
| Tangible fixed assets22/27 | €27,191 | €64,701 | ▲ 138% |
| Financial fixed assets28 | €168 | €168 | = |
| Current assets29/58 | €103,767 | €102,897 | ▼ 0.8% |
| Stocks and contracts in progress3 | €26,392 | €14,441 | ▼ 45.3% |
| Amounts receivable within one year40/41 | €73,299 | €86,577 | ▲ 18.1% |
| Cash at bank and in hand54/58 | €1,386 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €131,126 | €167,766 | ▲ 27.9% |
| Equity10/15 | €10,568 | -€1,450 | - |
| Contributions10/11 | €10,000 | €10,000 | = |
| Reserves13 | €28 | €29 | ▲ 3.6% |
| Profit (loss) carried forward14 | €540 | -€11,479 | - |
| Amounts payable17/49 | €120,558 | €169,216 | ▲ 40.4% |
| Amounts payable after more than one year17 | - | €36,028 | - |
| Amounts payable within one year42/48 | €120,558 | €114,188 | ▼ 5.3% |
| Trade debts44 | €94,799 | €64,342 | ▼ 32.1% |
| Line | 2009 | 2010 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €568 | -€12,019 | - |
| + Depreciation and write-downs630 | €9,644 | €26,688 | ▲ 177% |
| Operating cash flow (approximation) | €10,212 | €14,669 | ▲ 43.6% |
| Investment in fixed assets (approximation) | - | -€64,198 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.