VEPAR
InactiveInactive; last annual accounts for fiscal year 2012.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 05-06-2013, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2012, full schema
Turnover
€346k▲ 1.9%
2011 · €339k
2008: €337k
2009: €290k
2010: €341k
2011: €339k
2008 → 2012
EBIT margin
-29.8%▲ 3.7pp
2011 · -33.5%
2008: -14.7%
2009: -42.7%
2010: -13.6%
2011: -33.5%
2008 → 2012
Net result
€-237k▲ 3.9%
2011 · €-247k
2008: €-212k
2009: €-350k
2010: €-218k
2011: €-247k
2008 → 2012
Working capital
€-36k
2011 · €31k
2008: €344k
2009: €-4.17M
2010: €114k
2011: €31k
2008 → 2012
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20082009201020112012Trend
Turnover€337k-€290k▼ 13.9%€341k▲ 17.4%€339k▼ 0.4%€346k▲ 1.9%
Equity€22k-€-327k€-546k▼ 66.6%€-792k▼ 45.2%€-1.03M▼ 29.9%
Operating result€-50k-€-124k▼ 149%€-46k▲ 62.6%€-114k▼ 146%€-103k▲ 9.4%
Net result€-212k-€-350k▼ 65.0%€-218k▲ 37.6%€-247k▼ 13.1%€-237k▲ 3.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €103k in 2012 against €114k in 2011; the loss shrinks.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €3.65M
Fixed assets
€3.41M ▼ 5.1%
Current assets
€242k ▲ 92.5%
Key figures and ratios
EBITDA
€89k▼
2011 · €109k
Cash flow
€-45k▼
2011 · €-24k
Solvency
-28.2%▼
2011 · -21.3%
Current ratio
0.87▼
2011 · 1.33
Debt to equity
-4.18▲
2011 · -5.45
ROA
-6.5%▲
2011 · -6.6%
Interest coverage
0.66▼
2011 · 0.82
Debt
€4.68M▲
2011 · €4.51M
Debt ≤ 1 year
€278k▲
2011 · €95k
Debt > 1 year
€4.30M▼
2011 · €4.31M
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 · 2012 against 2011 · 24 lines
Balance sheet
Code20112012
Assets
Total assets20/58€3.71M€3.65M▼
Fixed assets21/28€3.59M€3.41M▼
Tangible fixed assets22/27€3.59M€3.41M▼
Current assets29/58€126k€242k▲
Amounts receivable within one year40/41€70k€100k▲
Cash at bank and in hand54/58€56k€142k▲
Equity and liabilities
Total equity and liabilities10/49€3.71M€3.65M▼
Equity10/15€-792k€-1.03M▼
Contributions10/11€1.30M€1.30M=
Reserves13€21k€21k=
Profit (loss) carried forward14€-2.12M€-2.36M▼
Amounts payable17/49€4.51M€4.68M▲
Amounts payable after more than one year17€4.31M€4.30M▼
Amounts payable within one year42/48€95k€278k▲
Trade debts44€70k€92k▲
Income statement
Code20112012
Turnover70€339k€346k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€223k€192k▼
Operating profit (loss)9901€-114k€-103k▲
Recurring financial income75€510€267▼
Recurring financial charges65€133k€134k▲
Debt charges650€133k€134k▲
Profit (loss) for the period before taxes9903€-247k€-237k▲
Profit (loss) for the period9904€-247k€-237k▲
Profit (loss) for the period to be appropriated9905€-247k€-237k▲
Timeline · acts, filings and financial milestones
2013
18-10
State Gazette act
Merger · Accounting effect
Capital · Corporate purpose
18-10
State Gazette act
Merger · Accounting effect
Capital · Corporate purpose
05-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
14-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
24-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
31-12
Financial
Liquidity times 43current ratio 2.43
Current ratio from 0.06 to 2.43; short-term debt falls from €4.42M to €79k.
28-05
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
31-12
Financial
Weakest financial yearnet €-350k
Net result drops to €-350k, the lowest in the series.
15-06
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
05-06
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
26-06
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
27-02
NBB filing
Annual accounts filed
fiscal year 2005 · full schema · 211 days late
2005
24-06
NBB filing
Annual accounts filed
fiscal year 2004 · full schema
2004
01-07
NBB filing
Annual accounts filed
fiscal year 2003 · full 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:AXA BELGIUM