VANHALME
Annual accounts 2008
full format, filed on 13-03-2009, 140 days before the deadlineTurnover
€9.3m
▲ 11.6%
Operating result
€171,124
▼ 55.1%
EBITDA
€292,539
▼ 43.2%
Cash flow
€286,100
▼ 35.6%
Solvency
70.8%
▼ 1.1 percentage points
Current ratio
3.25
▼ 0.20
Money flows
of every €100 of turnover, €1.78 remains as profit in 2008Balance sheet
balance sheet total €5.7m on 31-12-2008What the company ownsHow it is paid for
Change in equityin €m
Change in cashin €m
Staff
Staff cost per FTE€61,756
Staff costs divided by the average number of full-time equivalents.
Joined and left-1
Agency workers: 0.2 on average.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2008 | 2007 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
5.7m | 5.4m | |
Fixed assets21/28 |
306,357 | 179,487 | |
Intangible fixed assets21 |
168 | 25,381 | |
Tangible fixed assets22/27 |
303,893 | 151,811 | |
Plant, machinery and equipment23 |
106,186 | 21,488 | |
Furniture and vehicles24 |
197,707 | 130,323 | |
Financial fixed assets28 |
2,295 | 2,295 | |
Other financial fixed assets284/8 |
2,295 | 2,295 | |
Amounts receivable and cash guarantees285/8 |
2,295 | 2,295 | |
Current assets29/58 |
5.4m | 5.2m | |
Stocks and contracts in progress3 |
1.3m | 1.2m | |
Stocks30/36 |
1.3m | 1.2m | |
Goods purchased for resale34 |
1.3m | 1.2m | |
Amounts receivable within one year40/41 |
2.1m | 1.8m | |
Trade receivables40 |
1.9m | 1.8m | |
Other amounts receivable41 |
192,587 | 4,929 | |
Current investments50/53 |
755,573 | 215,287 | |
Other investments51/53 |
755,573 | 215,287 | |
Cash at bank and in hand54/58 |
1.2m | 1.9m | |
Deferred charges and accrued income490/1 |
69,586 | 94,549 | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
5.7m | 5.4m | |
Equity10/15 |
4.0m | 3.9m | |
Contributions10/11 |
250,000 | 250,000 | |
Issued capital100 |
250,000 | 250,000 | |
Reserves13 |
3.8m | 3.6m | |
Non-distributable reserves130/1 |
83,586 | 83,586 | |
Legal reserve130 |
25,000 | 25,000 | |
Other1319 |
83,586 | 83,586 | |
Tax-exempt reserves132 |
48,540 | 48,540 | |
Distributable reserves133 |
3.6m | 3.5m | |
Amounts payable17/49 |
1.7m | 1.5m | |
Amounts payable within one year42/48 |
1.7m | 1.5m | |
Trade debts44 |
1.3m | 1.1m | |
Suppliers440/4 |
1.3m | 1.1m | |
Advances received on contracts in progress46 |
- | 175 | |
Taxes, remuneration and social security45 |
333,675 | 394,871 | |
Taxes450/3 |
84,756 | 131,117 | |
Remuneration and social security454/9 |
248,919 | 263,754 | |
Other amounts payable47/48 |
- | 8,000 | |
Accrued charges and deferred income492/3 |
484 | 163 | |
| Income statement | |||
Operating income70/76A |
9.3m | 8.4m | |
Turnover70 |
9.3m | 8.3m | |
Non-recurring operating income76A |
7,551 | 10,554 | |
Operating charges60/66A |
9.2m | 8.0m | |
Goods for resale, raw materials and consumables60 |
5.9m | 5.1m | |
Purchases600/8 |
6.0m | 5.2m | |
Change in stocks: decrease (increase)609 |
-24,289 | -110,541 | |
Services and other goods61 |
1.4m | 1.1m | |
Remuneration, social security and pensions62 |
1.7m | 1.6m | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
121,415 | 134,542 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
8,283 | 34 | |
Other operating charges640/8 |
14,467 | 18,081 | |
Non-recurring operating charges66A |
3,529 | 2,256 | |
Operating profit (loss)9901 |
171,124 | 380,803 | |
Financial income75/76B |
124,544 | 100,983 | |
Recurring financial income75 |
124,544 | 100,983 | |
Income from current assets751 |
113,683 | 85,996 | |
Other financial income752/9 |
10,861 | 14,987 | |
Financial charges65/66B |
93,051 | 57,838 | |
Recurring financial charges65 |
93,051 | 57,838 | |
Debt charges650 |
31,729 | 5,450 | |
Other financial charges652/9 |
61,322 | 52,388 | |
Profit (loss) for the period before taxes9903 |
206,639 | 432,246 | |
Income taxes67/77 |
41,954 | 122,525 | |
Taxes670/3 |
41,954 | 122,525 | |
Tax adjustments and reversals of tax provisions77 |
0 | - | |
Profit (loss) for the period9904 |
164,685 | 309,722 | |
Profit (loss) for the period to be appropriated9905 |
164,685 | 309,722 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
164,685 | 309,722 | |
Transfer to equity691/2 |
164,685 | 301,722 | |
To other reserves6921 |
164,685 | 301,722 | |
Profit to be distributed694/7 |
- | 8,000 | |
Directors or managers695 |
- | 8,000 | |
| Social balance sheet | |||
Average staff (FTE)9087 |
27.9 | 28 | |
Agency workers1501 |
0.2 | 0.1 | |
Hours worked1013 |
47,028 | 46,716 | |
| Document | |||
The accounts for 29 older financial years (1978-2006) were filed as documents without figures as data, scans for example.
Source: Annual accounts 2008 (PDF), filed on 13-03-2009.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2008 | full format | 13-03-2009 | 2009-07500372 | |
| 31-12-2007 | full format | 08-04-2008 | 2008-10200338 | |
| 31-12-2006 | full format | 28-03-2007 | 2007-10001472 | |
| 31-12-2005 | full format | 05-04-2006 | 2006-10403656 | |
| 31-12-2004 | full format | 25-04-2005 | 2005-12703177 | |
| 31-12-2003 | full format | 24-06-2004 | 2004-31204605 | |
| 31-12-2002 | full format | 15-07-2003 | 2003-45001846 | |
| 31-12-2001 | full format | 02-07-2002 | 2002-32202808 | |
| 31-12-2000 | full format | 25-07-2001 | 2001-42401549 | |
| 31-12-1999 | full format | 29-06-2000 | 2000-31504524 | |
| 31-12-1998 | full format | 28-10-1999 | 1999-55405272 | |
| 31-12-1997 | abbreviated format | 03-06-1998 | 1998-12803188 | |
| 30-09-1996 | abbreviated format | 24-02-1997 | 1997-02503706 | |
| 30-09-1995 | full format | 15-03-1996 | 1996-04004191 | |
| 30-09-1994 | full format | 24-03-1995 | 1995-04302431 | |
| 30-09-1993 | full format | 30-09-1994 | 1994-41802330 | |
| 29-02-1992 | full format | 18-09-1992 | 1992-32104802 | |
| 28-02-1991 | full format | 14-08-1991 | 1991-22404567 | |
| 28-02-1990 | full format | 14-09-1990 | 1990-23704845 | |
| 28-02-1989 | abbreviated format | 17-08-1989 | 1989-20402622 | |
| 29-02-1988 | abbreviated format | 23-09-1988 | 1988-20904277 | |
| 28-02-1987 | abbreviated format | 03-08-1987 | 1987-19302728 | |
| 28-02-1986 | abbreviated format | 05-09-1986 | 1986-37102089 | |
| 28-02-1985 | full format | 03-09-1985 | 1985-32202302 | |
| 28-02-1984 | unclassified schema | 03-10-1984 | 1984-13602484 | |
| 28-02-1983 | unclassified schema | 19-10-1983 | 1983-13102336 | |
| 28-02-1982 | unclassified schema | 01-02-1983 | 1983-00500249 | |
| 28-02-1981 | unclassified schema | 18-09-1981 | 1981-11300861 | |
| 28-02-1980 | unclassified schema | 06-10-1980 | 1980-11500533 | |
| 28-02-1979 | unclassified schema | 05-09-1979 | 1979-10700302 | |
| 28-02-1978 | unclassified schema | 08-09-1978 | 1978-07101303 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2008 | 2007 |
|---|---|---|---|
| EBITDA | 292,539 | 515,345 | |
| Cash flow | 286,100 | 444,264 | |
| Investment in fixed assets | 250,484 | 141,905 | |
| Change in cash | -642,921 | - | |
| Working capital | 3.7m | 3.7m | |
| EBIT margin | 1.8% | 4.6% | |
| Solvency | 70.8% | 72.0% | |
| Current ratio | 3.25 | 3.45 | |
| Quick ratio | 2.49 | 2.63 | |
| Debt to equity | 0.41 | 0.39 | |
| ROE | 4.1% | 8.0% | |
| ROA | 2.9% | 5.8% | |
| Interest coverage | 9.22 | 94.56 | |
| Customer credit | 73 days | 77 days | |
| Supplier credit | 66 days | 64 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on VANHALME
The operating result for 2008 is 55% lower than in 2007.
Debt's share of the balance-sheet total rises from 28.0% to 29.2%. Equity and debt are higher.