Financials · financial year 2009, abbreviated format
Annual accounts 2009 filed on 09-04-2010 PDF all 3 filings
Turnover
≈ €100,000
Estimated: probably between €42,000 and €250,000
Total assets
€120,116▲ 201%
2008 · €39,947
Net result
€1,333▲ 365%
2008 · €287
Working capital
-€2,335
2008 · €18,327
Trend over the years
2007 to 2009, 3 financial years
The operating result for 2009 is over 7.4 times that of 2008 and the highest since 2007. It is a recovery after the fall in 2008.
Operating result€4,581
2009
Net result€1,333
2009
Total assets€120,116
2009
Equity€21,281
2009
Debt€98,835
2009
Working capital-€2,335
2009
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line200720082009
Operating result€1,590-€615▼ 61.3%€4,581▲ 644%
Net result€1,062-€287▼ 73.0%€1,333▲ 365%
Equity€19,662-€19,949▲ 1.5%€21,281▲ 6.7%
Total assets€59,113-€39,947▼ 32.4%€120,116▲ 201%
Debt€39,451-€19,998▼ 49.3%€98,835▲ 394%
Working capital€19,662-€18,327▼ 6.8%-€2,335
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2009 in colour, 2008 as the grey bar beneath
Assets €120,116
Fixed assets
€23,616 ▲ 15×
Current assets
€96,500 ▲ 152%
Equity and liabilities €120,116
Equity
€21,281 ▲ 6.7%
Debt
€98,835 ▲ 394%
Debt's share of the balance-sheet total rises from 50.1% to 82.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,586▲
2008 · €1,021
Cash flow
€7,338▲
2008 · €692
Current ratio
0.98▼
2008 · 1.92
ROE
6.3%▲
2008 · 1.4%
ROA
1.1%▲
2008 · 0.7%
Debt ≤ 1 year
€98,835▲
2008 · €19,998
Income taxes
€2,733▲
2008 · €283
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €405 | €6,005 | ▲ 15× |
| Gross operating margin9900 | €3,205 | €1,470 | €14,995 | ▲ 920% |
| Operating profit (loss)9901 | €1,590 | €615 | €4,581 | ▲ 644% |
| Recurring financial income75 | €63 | €15 | €27 | ▲ 76.5% |
| Recurring financial charges65 | €91 | €61 | €100 | ▲ 62.8% |
| Profit (loss) for the period before taxes9903 | €1,562 | €569 | €4,066 | ▲ 614% |
| Income taxes67/77 | €500 | €283 | €2,733 | ▲ 866% |
| Profit (loss) for the period9904 | €1,062 | €287 | €1,333 | ▲ 365% |
| Profit (loss) for the period to be appropriated9905 | €1,062 | €287 | €1,333 | ▲ 365% |
| Line | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €59,113 | €39,947 | €120,116 | ▲ 201% |
| Fixed assets21/28 | - | €1,622 | €23,616 | ▲ 15× |
| Tangible fixed assets22/27 | - | €1,622 | €23,616 | ▲ 15× |
| Current assets29/58 | €59,113 | €38,325 | €96,500 | ▲ 152% |
| Amounts receivable within one year40/41 | €50,497 | €34,262 | €68,751 | ▲ 101% |
| Cash at bank and in hand54/58 | €8,616 | €4,063 | €15,856 | ▲ 290% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €59,113 | €39,947 | €120,116 | ▲ 201% |
| Equity10/15 | €19,662 | €19,949 | €21,281 | ▲ 6.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,062 | €1,349 | €1,860 | ▲ 37.9% |
| Profit (loss) carried forward14 | - | - | €821 | - |
| Amounts payable17/49 | €39,451 | €19,998 | €98,835 | ▲ 394% |
| Amounts payable within one year42/48 | €39,451 | €19,998 | €98,835 | ▲ 394% |
| Trade debts44 | - | €19,775 | €92,980 | ▲ 370% |
| Line | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,062 | €287 | €1,333 | ▲ 365% |
| + Depreciation and write-downs630 | - | €405 | €6,005 | ▲ 15× |
| Operating cash flow (approximation) | €1,062 | €692 | €7,338 | ▲ 960% |
| Investment in fixed assets (approximation) | - | - | -€28,000 | - |
| Change in cash | - | -€4,553 | €11,793 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.