VIRTUSOFT
Dissolution or liquidationFinancials · financial year 2010, abbreviated format
Turnover
€153,443▼ 13.6%
2009 · €177,632
EBIT margin
25.4%▼ 7.3pp
2009 · 32.7%
Net result
€53,516▼ 17.7%
2009 · €65,050
Working capital
€397,498▲ 12.3%
2009 · €354,006
Trend over the years
2006 to 2010, 5 financial years 2006 to 2010, 5 financial years
The operating result has fallen two years in a row; 2010 is 33% below 2009 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€153,443
2010
Operating result€38,911
2010
Net result€53,516
2010
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€446,752
2010
Equity€427,179
2010
Debt€19,574
2010
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€397,498
2010
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin25.4%
2010
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20062007200820092010
Turnover€177,632€153,443▼ 13.6%
Operating result€42,798-€84,466▲ 97.4%€89,125▲ 5.5%€58,061▼ 34.9%€38,911▼ 33.0%
Net result€32,974-€64,641▲ 96.0%€63,906▼ 1.1%€65,050▲ 1.8%€53,516▼ 17.7%
EBIT margin32.7%25.4%▼ 7.3pp
Equity€194,065-€244,706▲ 26.1%€308,612▲ 26.1%€373,662▲ 21.1%€427,179▲ 14.3%
Total assets€208,493-€268,903▲ 29.0%€319,543▲ 18.8%€387,346▲ 21.2%€446,752▲ 15.3%
Debt€14,427-€24,197▲ 67.7%€10,930▼ 54.8%€13,684▲ 25.2%€19,574▲ 43.0%
Working capital€179,793-€232,909▲ 29.5%€306,841▲ 31.7%€354,006▲ 15.4%€397,498▲ 12.3%
Balance-sheet composition
2010 in colour, 2009 as the grey bar beneath
Assets €446,752
Fixed assets
€30,381 ▲ 49.2%
Current assets
€416,371 ▲ 13.5%
Equity and liabilities €446,752
Equity
€427,179 ▲ 14.3%
Debt
€19,574 ▲ 43.0%
Debt's share of the balance-sheet total rises from 3.5% to 4.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,725▼
2009 · €64,984
Cash flow
€65,330▼
2009 · €71,973
Current ratio
22.06▼
2009 · 28.27
ROE
12.5%▼
2009 · 17.4%
ROA
12.0%▼
2009 · 16.8%
Debt ≤ 1 year
€18,874▲
2009 · €12,984
Income taxes
€16,541▼
2009 · €22,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €177,632 | €153,443 | ▼ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,442 | €10,821 | €10,026 | €6,923 | €11,813 | ▲ 70.6% |
| Gross operating margin9900 | €50,205 | €97,368 | €100,677 | €66,580 | €51,707 | ▼ 22.3% |
| Operating profit (loss)9901 | €42,798 | €84,466 | €89,125 | €58,061 | €38,911 | ▼ 33.0% |
| Recurring financial income75 | €102 | €282 | €691 | €29,225 | €29,621 | ▲ 1.4% |
| Recurring financial charges65 | €114 | €120 | €143 | €206 | €175 | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €42,786 | €84,628 | €89,673 | €87,080 | €70,058 | ▼ 19.5% |
| Income taxes67/77 | €9,812 | €19,987 | €25,767 | €22,030 | €16,541 | ▼ 24.9% |
| Profit (loss) for the period9904 | €32,974 | €64,641 | €63,906 | €65,050 | €53,516 | ▼ 17.7% |
| Profit (loss) for the period to be appropriated9905 | €32,974 | €64,641 | €63,906 | €65,050 | €53,516 | ▼ 17.7% |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,493 | €268,903 | €319,543 | €387,346 | €446,752 | ▲ 15.3% |
| Fixed assets21/28 | €19,473 | €12,497 | €2,471 | €20,356 | €30,381 | ▲ 49.2% |
| Tangible fixed assets22/27 | €19,473 | €12,497 | €2,471 | €20,356 | €30,381 | ▲ 49.2% |
| Current assets29/58 | €189,020 | €256,406 | €317,071 | €366,990 | €416,371 | ▲ 13.5% |
| Amounts receivable within one year40/41 | €180,825 | €211,323 | €297,205 | €338,478 | €391,452 | ▲ 15.7% |
| Cash at bank and in hand54/58 | €8,195 | €45,083 | €19,866 | €28,512 | €24,919 | ▼ 12.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,493 | €268,903 | €319,543 | €387,346 | €446,752 | ▲ 15.3% |
| Equity10/15 | €194,065 | €244,706 | €308,612 | €373,662 | €427,179 | ▲ 14.3% |
| Contributions10/11 | €12,205 | €12,205 | €12,205 | €12,205 | €12,205 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €180,000 | €230,641 | €294,547 | €359,597 | €413,113 | ▲ 14.9% |
| Amounts payable17/49 | €14,427 | €24,197 | €10,930 | €13,684 | €19,574 | ▲ 43.0% |
| Amounts payable within one year42/48 | €9,227 | €23,497 | €10,230 | €12,984 | €18,874 | ▲ 45.4% |
| Trade debts44 | €1,227 | €2,734 | €2,424 | €3,862 | €1,918 | ▼ 50.3% |
| Line | 2006 | 2007 | 2008 | 2009 | 2010 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,974 | €64,641 | €63,906 | €65,050 | €53,516 | ▼ 17.7% |
| + Depreciation and write-downs630 | €6,442 | €10,821 | €10,026 | €6,923 | €11,813 | ▲ 70.6% |
| Operating cash flow (approximation) | €39,416 | €75,462 | €73,932 | €71,973 | €65,330 | ▼ 9.2% |
| Investment in fixed assets (approximation) | - | -€3,845 | €0 | -€24,808 | -€21,838 | ▲ 12.0% |
| Change in cash | - | €36,888 | -€25,217 | €8,646 | -€3,593 | ▼ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: not fully processed yet. The notices from October 2024 to September 2026 are still being read.