VRCONTEXT
InactiveFinancials · financial year 2007, full format
Annual accounts 2007 filed on 05-06-2008 PDF all 7 filings
Turnover
€1.1m▼ 4.7%
2006 · €1.2m
EBIT margin
-66.0%▼ 23.5pp
2006 · -42.5%
Net result
-€589,016▼ 60.0%
2006 · -€368,176
Working capital
-€27,463
2006 · €95,482
Multi-year overview
2006 to 2007, 2 financial yearsTurnover
€1.1m
▼ 4.7%
2007
20062007
Operating result
-€735,341
▼ 48.1%
2007
20062007
Net result
-€589,016
▼ 60.0%
2007
20062007
EBIT margin
-66.0%
▼ 23.5pp
2007
20062007
Equity
€597,508
▲ 25.8%
2007
20062007
Total assets
€1.7m
▲ 18.2%
2007
20062007
Debt
€1.1m
▲ 14.2%
2007
20062007
Working capital
-€27,463
2007
20062007
Staff (FTE)
8.5
▼ 1.2%
2007
20062007
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20062007
Turnover€1.2m-€1.1m▼ 4.7%
Operating result-€0.5m--€0.7m▼ 48.1%
Net result-€0.4m--€0.6m▼ 60.0%
EBIT margin-42.5%--66.0%▼ 23.5pp
Equity€0.5m-€0.6m▲ 25.8%
Total assets€1.4m-€1.7m▲ 18.2%
Debt€0.9m-€1.1m▲ 14.2%
Working capital€0.1m--€0.03m
Staff (FTE)8.6-8.5▼ 1.2%
The operating result for 2007 is a loss of €735,341, larger than the loss of €496,683 in 2006.
Balance-sheet composition
2007 in colour, 2006 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.4m ▲ 39.3%
Current assets
€247,001 ▼ 36.6%
Equity and liabilities €1.7m
Equity
€597,508 ▲ 25.8%
Debt
€1.1m ▲ 14.2%
Debt's share of the balance-sheet total falls from 66.1% to 63.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€229,997▼
2006 · -€57,243
Cash flow
-€83,673▼
2006 · €71,264
Current ratio
0.90▼
2006 · 1.32
Debt to equity
1.20▼
2006 · 1.24
ROE
-98.6%▼
2006 · -77.5%
ROA
-35.6%▼
2006 · -26.3%
Debt ≤ 1 year
€274,464▼
2006 · €294,370
Debt > 1 year
€715,520▲
2006 · €589,329
Customer credit
61 days▼
2006 · 90 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Turnover70 | €1.2m | €1.1m | ▼ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.5m | ▲ 15.0% |
| Gross operating margin9900 | €0.4m | €0.3m | ▼ 38.3% |
| Operating profit (loss)9901 | -€0.5m | -€0.7m | ▼ 48.1% |
| Recurring financial income75 | €0.2m | €0.2m | ▲ 25.2% |
| Recurring financial charges65 | €0.04m | €0.07m | ▲ 60.9% |
| Profit (loss) for the period before taxes9903 | -€0.4m | -€0.6m | ▼ 60.3% |
| Income taxes67/77 | €0.001m | - | - |
| Profit (loss) for the period9904 | -€0.4m | -€0.6m | ▼ 60.0% |
| Profit (loss) for the period to be appropriated9905 | -€0.4m | -€0.6m | ▼ 60.0% |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.4m | €1.7m | ▲ 18.2% |
| Fixed assets21/28 | €1.0m | €1.4m | ▲ 39.3% |
| Intangible fixed assets21 | €1.0m | €1.2m | ▲ 19.4% |
| Tangible fixed assets22/27 | €0.02m | €0.009m | ▼ 55.1% |
| Financial fixed assets28 | €50 | €0.2m | ▲ 4,379× |
| Current assets29/58 | €0.4m | €0.2m | ▼ 36.6% |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | ▼ 35.1% |
| Current investments50/53 | €2 | - | - |
| Cash at bank and in hand54/58 | €0.07m | €0.03m | ▼ 62.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.4m | €1.7m | ▲ 18.2% |
| Equity10/15 | €0.5m | €0.6m | ▲ 25.8% |
| Contributions10/11 | €1.9m | €2.6m | ▲ 35.7% |
| Profit (loss) carried forward14 | -€1.7m | -€2.3m | ▼ 34.7% |
| Amounts payable17/49 | €0.9m | €1.1m | ▲ 14.2% |
| Amounts payable after more than one year17 | €0.6m | €0.7m | ▲ 21.4% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | ▼ 6.8% |
| Trade debts44 | €0.07m | €0.07m | ▲ 7.8% |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€368,176 | -€589,016 | ▼ 60.0% |
| + Depreciation and write-downs630 | €439,440 | €505,344 | ▲ 15.0% |
| Operating cash flow (approximation) | €71,264 | -€83,673 | - |
| Investment in fixed assets (approximation) | - | -€902,704 | - |
| Change in cash | - | -€45,317 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2007 | full format | 05-06-2008 | 2008-18600223 | |
| 31-12-2006 | full format | 27-06-2007 | 2007-28200363 | |
| 31-12-2005 | full format | 16-06-2006 | 2006-24704946 | |
| 31-12-2004 | full format | 20-07-2005 | 2005-51503830 | |
| 31-12-2003 | full format | 08-11-2004 | 2004-78303693 | |
| 30-12-2002 | full format | 18-06-2003 | 2003-25604326 | |
| 30-12-2001 | full format | 05-08-2002 | 2002-45601415 |