VERT BUISSON
InactiveInactive; last annual accounts for fiscal year 2012.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 27-04-2012 was due by 27-11-2012 and was filed on 26-10-2012, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2012
32 d early
2011
13 d late
2010
2 d early
2009
3 d early
2008
15 d early
2007
7 d early
2006
13 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2012, full schema
Turnover
€46k▼ 77.5%
2011 · €203k
2008: €136k
2009: €254k▲ +87.1% vs 2008highest in 5 years
2010: €254k● -0.0% vs 2009
2011: €203k▼ -20.0% vs 2010
2012: €46k▼ -77.5% vs 2011lowest in 5 years
2008 → 2012
EBIT margin
66.6%▼ 7.8pp
2011 · 74.4%
2008: 49.3%lowest in 5 years
2009: 75.3%▲ +52.9% vs 2008highest in 5 years
2010: 75.3%● -0.0% vs 2009
2011: 74.4%▼ -1.2% vs 2010
2012: 66.6%▼ -10.5% vs 2011
2008 → 2012
Net result
€-219k
2011 · €95k
2008: €57k
2009: €120k▲ +113% vs 2008
2010: €190k▲ +57.9% vs 2009highest in 5 years
2011: €95k▼ -49.7% vs 2010
2012: €-219k▼ -329% vs 2011lowest in 5 years
2008 → 2012
Working capital
€-307k
2011 · €583k
2008: €339k
2009: €387k▲ +14.2% vs 2008
2010: €336k▼ -13.2% vs 2009
2011: €583k▲ +73.4% vs 2010highest in 5 years
2012: €-307k▼ -153% vs 2011lowest in 5 years
2008 → 2012
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20082009201020112012Trend
Turnover€136k-€254k▲ 87.1%€254k=€203k▼ 20.0%€46k▼ 77.5%
2008: €136k
2009: €254k▲ +87.1% vs 2008highest in 5 years
2010: €254k● -0.0% vs 2009
2011: €203k▼ -20.0% vs 2010
2012: €46k▼ -77.5% vs 2011lowest in 5 years
Equity€259k-€380k▲ 46.3%€399k▲ 5.2%€495k▲ 23.9%€276k▼ 44.2%
2008: €259klowest in 5 years
2009: €380k▲ +46.3% vs 2008
2010: €399k▲ +5.2% vs 2009
2011: €495k▲ +23.9% vs 2010highest in 5 years
2012: €276k▼ -44.2% vs 2011
Operating result€67k-€191k▲ 186%€191k=€151k▼ 20.9%€30k▼ 79.8%
2008: €67k
2009: €191k▲ +186% vs 2008highest in 5 years
2010: €191k● -0.0% vs 2009
2011: €151k▼ -20.9% vs 2010
2012: €30k▼ -79.8% vs 2011lowest in 5 years
Net result€57k-€120k▲ 113%€190k▲ 57.9%€95k▼ 49.7%€-219k
2008: €57k
2009: €120k▲ +113% vs 2008
2010: €190k▲ +57.9% vs 2009highest in 5 years
2011: €95k▼ -49.7% vs 2010
2012: €-219k▼ -329% vs 2011lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2012 is 80% below 2011 and is the lowest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €630k
Fixed assets
€584k ▲ 3.2%
Current assets
€46k ▼ 93.4%
Equity and liabilities €630k
Equity
€276k ▼ 44.2%
Debt
€353k ▼ 53.6%
Debt's share of the balance-sheet total falls from 60.6% to 56.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40k▼
2011 · €181k
Cash flow
€-209k▼
2011 · €125k
Current ratio
0.13▼
2011 · 6.42
ROE
-79.1%▼
2011 · 19.3%
ROA
-34.7%▼
2011 · 7.6%
Interest coverage
99.32▲
2011 · 3.75
Debt ≤ 1 year
€353k▲
2011 · €107k
Income taxes
€249k▲
2011 · €42k
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 · 25 lines
Balance sheet
Code20112012
Assets
Total assets20/58€1.26M€630k▼
Fixed assets21/28€566k€584k▲
Tangible fixed assets22/27€566k€556k▼
Financial fixed assets28-€27k
Current assets29/58€690k€46k▼
Amounts receivable within one year40/41€561k€46k▼
Equity and liabilities
Total equity and liabilities10/49€1.26M€630k▼
Equity10/15€495k€276k▼
Contributions10/11€125k€125k=
Reserves13€19k€19k=
Profit (loss) carried forward14€351k€133k▼
Amounts payable17/49€761k€353k▼
Amounts payable after more than one year17€644k-
Amounts payable within one year42/48€107k€353k▲
Trade debts44€104k€106k▲
Income statement
Code20112012
Turnover70€203k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€9k▼
Operating profit (loss)9901€151k€30k▼
Recurring financial income75€44k€21▼
Recurring financial charges65€57k€623▼
Debt charges650€48k€402▼
Profit (loss) for the period before taxes9903€137k€30k▼
Income taxes67/77€42k€249k▲
Profit (loss) for the period9904€95k€-219k▼
Profit (loss) for the period to be appropriated9905€95k€-219k▼
Accounts by statement
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €136k | €254k | €254k | €203k | €46k | ▼ 77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €29k | €29k | €29k | €9k | ▼ 67.9% |
| Operating profit (loss)9901 | €67k | €191k | €191k | €151k | €30k | ▼ 79.8% |
| Recurring financial income75 | €18k | €26k | €30k | €44k | €21 | ▼ 100.0% |
| Recurring financial charges65 | €41k | €36k | €32k | €57k | €623 | ▼ 98.9% |
| Debt charges650 | €41k | €36k | €32k | €48k | €402 | ▼ 99.2% |
| Profit (loss) for the period before taxes9903 | €87k | €182k | €190k | €137k | €30k | ▼ 78.3% |
| Income taxes67/77 | €30k | €61k | €-25 | €42k | €249k | ▲ 491% |
| Profit (loss) for the period9904 | €57k | €120k | €190k | €95k | €-219k | ▼ 329% |
| Profit (loss) for the period to be appropriated9905 | €57k | €120k | €190k | €95k | €-219k | ▼ 329% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.15M | €1.27M | €1.39M | €1.26M | €630k | ▼ 49.9% |
| Fixed assets21/28 | €655k | €630k | €600k | €566k | €584k | ▲ 3.2% |
| Tangible fixed assets22/27 | €655k | €625k | €595k | €566k | €556k | ▼ 1.7% |
| Financial fixed assets28 | - | €5k | €5k | - | €27k | - |
| Current assets29/58 | €491k | €639k | €789k | €690k | €46k | ▼ 93.4% |
| Amounts receivable within one year40/41 | €249k | €161k | €561k | €561k | €46k | ▼ 91.8% |
| Cash at bank and in hand54/58 | - | €259k | €19k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.15M | €1.27M | €1.39M | €1.26M | €630k | ▼ 49.9% |
| Equity10/15 | €259k | €380k | €399k | €495k | €276k | ▼ 44.2% |
| Contributions10/11 | €125k | €125k | €125k | €125k | €125k | = |
| Reserves13 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €116k | €236k | €256k | €351k | €133k | ▼ 62.2% |
| Amounts payable17/49 | €886k | €890k | €989k | €761k | €353k | ▼ 53.6% |
| Amounts payable after more than one year17 | €734k | €638k | €537k | €644k | - | - |
| Amounts payable within one year42/48 | €152k | €252k | €452k | €107k | €353k | ▲ 229% |
| Trade debts44 | €30k | €59k | €90k | €104k | €106k | ▲ 1.1% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57k | €120k | €190k | €95k | €-219k | ▼ 329% |
| + Depreciation and write-downs630 | €30k | €29k | €29k | €29k | €9k | ▼ 67.9% |
| Operating cash flow (approximation) | €87k | €150k | €219k | €125k | €-209k | ▼ 267% |
| Investment in fixed assets (approximation) | - | €-5k | €624 | €5k | €-27k | ▼ 634% |
| Change in cash | - | - | €-240k | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2012
26-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
13-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 13 days late
27-04
Financial
Weakest financial yearnet €-219k
Net result drops to €-219k, the lowest in the series.
27-03
State Gazette act
Merger
29-02
State Gazette act
General meeting · Capital increase
Real estate · Capital contribution
2011
31-12
Financial
Liquidity quadruplescurrent ratio 6.42
Current ratio from 1.74 to 6.42; short-term debt falls from €452k to €107k.
29-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
31-12
Financial
Highest result since 2008net €190k ▲57.9%
Net result €190k, the highest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
16-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
24-07
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
18-07
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
Show earlier events
2006
22-06
NBB filing
Annual accounts filed
fiscal year 2005 · full schema
2005
02-09
NBB filing
Annual accounts filed
fiscal year 2004 · full schema · 33 days late
2004
30-06
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.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:SILVERSTONE