VECARI
BankruptcyFinancials · financial year 2012, full format
Turnover
€11.6m▲ 27.5%
2011 · €9.1m
EBIT margin
2.4%▼ 3.2pp
2011 · 5.6%
Net result
€138,543▼ 49.8%
2011 · €275,885
Working capital
€785,818▲ 28.7%
2011 · €610,543
Trend over the years
2009 to 2012, 5 financial years 2009 to 2012, 5 financial years
Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€11.6m
2012
Operating result€0.3m
2012
Net result€0.1m
2012
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.8m
2012
Equity€1.0m
2012
Debt€4.8m
2012
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.8m
2012
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin2.4%
2012
Average staff in full-time equivalents (FTE).
Staff (FTE)132.8
2012
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20092009201020112012
Turnover€5.6m€9.1m▲ 61.8%€11.6m▲ 27.5%
Operating result€0.4m-€0.6m-€0.3m▼ 42.2%€0.5m▲ 54.6%€0.3m▼ 45.0%
Net result€0.2m-€0.4m-€0.2m▼ 45.7%€0.3m▲ 40.7%€0.1m▼ 49.8%
EBIT margin5.9%5.6%▼ 0.3pp2.4%▼ 3.2pp
Equity€0.4m-€0.7m-€0.8m▲ 15.8%€1.0m▲ 22.2%€1.0m▼ 2.6%
Total assets€1.6m-€2.0m-€2.2m▲ 12.1%€5.0m▲ 124%€5.8m▲ 15.7%
Debt€1.3m-€1.3m-€1.4m▲ 10.1%€4.0m▲ 184%€4.8m▲ 20.3%
Working capital€0.3m-€0.6m-€0.6m▼ 2.3%€0.6m▼ 3.1%€0.8m▲ 28.7%
Staff (FTE)36.5-46-46.3▲ 0.7%105.5▲ 128%132.8▲ 25.9%
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €5.8m
Fixed assets
€1.9m ▼ 14.3%
Current assets
€3.9m ▲ 40.0%
Equity and liabilities €5.8m
Equity
€978,037 ▼ 2.6%
Debt
€4.8m ▲ 20.3%
Debt's share of the balance-sheet total rises from 79.9% to 83.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.3m▼
2011 · €1.4m
Cash flow
€1.1m▼
2011 · €1.2m
Current ratio
1.26▼
2011 · 1.28
Quick ratio
1.22▼
2011 · 1.28
Debt to equity
1.71▼
2011 · 1.84
ROE
14.2%▼
2011 · 27.5%
ROA
2.4%▼
2011 · 5.5%
Interest coverage
10.12▼
2011 · 13.41
Debt ≤ 1 year
€3.1m▲
2011 · €2.1m
Debt > 1 year
€1.7m▼
2011 · €1.8m
Income taxes
€82,263▼
2011 · €129,420
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €5.6m | €9.1m | €11.6m | ▲ 27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.9m | €1.0m | ▲ 7.3% |
| Gross operating margin9900 | €2.3m | €2.1m | - | - | - | - |
| Operating profit (loss)9901 | €0.4m | €0.6m | €0.3m | €0.5m | €0.3m | ▼ 45.0% |
| Recurring financial income75 | €0.002m | €0.01m | €0.01m | €0.02m | €0.03m | ▲ 59.8% |
| Recurring financial charges65 | €0.04m | €0.03m | €0.06m | €0.1m | €0.1m | ▲ 15.2% |
| Debt charges650 | - | - | €0.06m | €0.1m | €0.1m | ▲ 17.3% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.5m | €0.3m | €0.4m | €0.2m | ▼ 45.5% |
| Income taxes67/77 | €0.1m | €0.2m | €0.09m | €0.1m | €0.08m | ▼ 36.4% |
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.2m | €0.3m | €0.1m | ▼ 49.8% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.4m | €0.2m | €0.3m | €0.1m | ▼ 49.8% |
| Line | 2009 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.0m | €2.2m | €5.0m | €5.8m | ▲ 15.7% |
| Fixed assets21/28 | €0.5m | €0.4m | €0.5m | €2.2m | €1.9m | ▼ 14.3% |
| Tangible fixed assets22/27 | €0.5m | €0.4m | €0.5m | €2.2m | €1.9m | ▼ 15.4% |
| Financial fixed assets28 | - | - | - | - | €0.02m | - |
| Current assets29/58 | €1.2m | €1.6m | €1.7m | €2.8m | €3.9m | ▲ 40.0% |
| Stocks and contracts in progress3 | €0.03m | €0.07m | €0.3m | €0.2m | €0.1m | ▼ 45.6% |
| Amounts receivable within one year40/41 | €0.5m | €0.9m | €1.0m | €1.9m | €2.9m | ▲ 50.8% |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €0.4m | €0.6m | €0.2m | ▼ 61.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.0m | €2.2m | €5.0m | €5.8m | ▲ 15.7% |
| Equity10/15 | €0.4m | €0.7m | €0.8m | €1.0m | €1.0m | ▼ 2.6% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.05m | €0.4m | €0.4m | €0.6m | €0.6m | ▲ 0.6% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.4m | €4.0m | €4.8m | ▲ 20.3% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.3m | €1.8m | €1.7m | ▼ 9.5% |
| Amounts payable within one year42/48 | €0.8m | €0.9m | €1.1m | €2.1m | €3.1m | ▲ 43.3% |
| Trade debts44 | €0.3m | €0.4m | €0.6m | €0.5m | €1.2m | ▲ 151% |
| Line | 2009 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.2m | €0.3m | €0.1m | ▼ 49.8% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.9m | €1.0m | ▲ 7.3% |
| Operating cash flow (approximation) | €0.4m | €0.5m | €0.4m | €1.2m | €1.1m | ▼ 6.0% |
| Investment in fixed assets (approximation) | - | - | -€0.3m | -€2.6m | -€0.7m | ▲ 74.8% |
| Change in cash | - | - | -€0.01m | €0.2m | -€0.4m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2012 | full format | 19-07-2013 | 2013-32400014 |
| 31-12-2011 | full format | 18-06-2012 | 2012-17900093 |
| 31-12-2010 | full format | 29-06-2011 | 2011-22900560 |
| 31-12-2009 | abbreviated format | 29-06-2010 | 2010-23700130 |
| 31-03-2009 | abbreviated format | 30-09-2009 | 2009-79400120 |
| 31-03-2008 | abbreviated format | 30-10-2008 | 2008-80300155 |
| 31-03-2007 | abbreviated format | 28-09-2007 | 2007-75700388 |
| 31-03-2006 | abbreviated format | 25-09-2006 | 2006-79503312 |
| 31-03-2005 | abbreviated format | 24-11-2005 | 2005-87103058 |
| 31-03-2004 | abbreviated format | 23-12-2004 | 2004-87502575 |
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Of the 22,639 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,463. 4,740 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.