WIN SYSTEM
Open bankruptcyFinancials · fiscal year 2012, full schema
Turnover
€17.7m▲ 4.8%
2011 · €16.9m
EBIT margin
0.7%▼ 2.9pp
2011 · 3.6%
Net result
-€130,553
2011 · €132,122
Working capital
-€1.3m▲ 12.7%
2011 · -€1.5m
Trend over the years
2008 to 2012, 5 fiscal years 2008 to 2012, 5 fiscal years
The operating result falls in 2012; 2012 is 80% below 2011 and is the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€17.7m
2012
Operating result€0.1m
2012
Net result-€0.1m
2012
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€10.2m
2012
Equity€0.5m
2012
Debt€9.7m
2012
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.3m
2012
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.7%
2012
Average staff in full-time equivalents (FTE).
Staff (FTE)122.4
2012
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20082009201020112012
Turnover€16.3m-€16.0m▼ 1.8%€15.9m▼ 0.8%€16.9m▲ 6.0%€17.7m▲ 4.8%
Operating result€0.5m-€0.3m▼ 43.6%€0.4m▲ 39.5%€0.6m▲ 39.5%€0.1m▼ 80.3%
Net result€0.2m-€0.02m▼ 91.8%€0.04m▲ 138%€0.1m▲ 249%-€0.1m
EBIT margin3.4%-1.9%▼ 1.4pp2.7%▲ 0.8pp3.6%▲ 0.9pp0.7%▼ 2.9pp
Equity€0.4m-€0.4m▲ 4.3%€0.4m▲ 9.8%€0.6m▲ 31.0%€0.5m▼ 9.5%
Total assets€6.6m-€7.8m▲ 18.4%€8.4m▲ 8.3%€9.3m▲ 11.2%€10.2m▲ 9.1%
Debt€6.2m-€7.4m▲ 19.2%€8.0m▲ 8.2%€8.8m▲ 10.1%€9.7m▲ 10.2%
Working capital-€1.9m--€2.2m▼ 12.6%-€1.7m▲ 23.9%-€1.5m▲ 7.0%-€1.3m▲ 12.7%
Staff (FTE)105.9-101.2▼ 4.4%106.5▲ 5.2%114.7▲ 7.7%122.4▲ 6.7%
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €10.2m
Fixed assets
€4.6m ▲ 5.5%
Current assets
€5.6m ▲ 12.2%
Equity and liabilities €10.2m
Equity
€504,722 ▼ 9.5%
Provisions
€8,025
Debt
€9.7m ▲ 10.2%
Debt's share of the balance-sheet total rises from 94.0% to 95.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€768,119▼
2011 · €1.2m
Cash flow
€518,676▼
2011 · €765,313
Current ratio
0.81▲
2011 · 0.76
Quick ratio
0.74▲
2011 · 0.69
Debt to equity
5.44▲
2011 · 4.03
ROE
-25.9%▼
2011 · 23.7%
ROA
-1.3%▼
2011 · 1.4%
Interest coverage
3.84▼
2011 · 6.73
Debt ≤ 1 year
€6.9m▲
2011 · €6.5m
Debt > 1 year
€2.7m▲
2011 · €2.3m
Income taxes
€16,293▼
2011 · €196,697
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €16.3m | €16.0m | €15.9m | €16.9m | €17.7m | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 2.5% |
| Operating profit (loss)9901 | €0.5m | €0.3m | €0.4m | €0.6m | €0.1m | ▼ 80.3% |
| Recurring financial income75 | €0.01m | €0.03m | €0.03m | €0.02m | €0.04m | ▲ 108% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 7.5% |
| Debt charges650 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 8.9% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.1m | €0.3m | €0.3m | -€0.1m | ▼ 135% |
| Income taxes67/77 | €0.2m | €0.1m | €0.2m | €0.2m | €0.02m | ▼ 91.7% |
| Profit (loss) for the period9904 | €0.2m | €0.02m | €0.04m | €0.1m | -€0.1m | ▼ 199% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.02m | €0.04m | €0.1m | -€0.1m | ▼ 199% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.6m | €7.8m | €8.4m | €9.3m | €10.2m | ▲ 9.1% |
| Formation expenses20 | €0.004m | €0.002m | €0.001m | - | - | - |
| Fixed assets21/28 | €3.3m | €4.2m | €4.4m | €4.4m | €4.6m | ▲ 5.5% |
| Intangible fixed assets21 | €0.05m | €0.03m | €0.02m | €0.03m | €0.1m | ▲ 337% |
| Tangible fixed assets22/27 | €3.0m | €3.9m | €4.2m | €4.1m | €4.1m | ▼ 1.0% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | ▲ 77.9% |
| Current assets29/58 | €3.3m | €3.6m | €4.0m | €5.0m | €5.6m | ▲ 12.2% |
| Stocks and contracts in progress3 | €0.4m | €0.4m | €0.6m | €0.5m | €0.4m | ▼ 5.3% |
| Amounts receivable within one year40/41 | €2.4m | €2.6m | €2.8m | €3.3m | €4.4m | ▲ 34.3% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.3m | €0.7m | €0.08m | ▼ 88.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.6m | €7.8m | €8.4m | €9.3m | €10.2m | ▲ 9.1% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.6m | €0.5m | ▼ 9.5% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.3m | -€0.3m | €0.007m | -€0.1m | ▼ 1,780% |
| Provisions and deferred taxes16 | - | - | - | - | €0.008m | - |
| Amounts payable17/49 | €6.2m | €7.4m | €8.0m | €8.8m | €9.7m | ▲ 10.2% |
| Amounts payable after more than one year17 | €1.0m | €1.6m | €2.3m | €2.3m | €2.7m | ▲ 22.0% |
| Amounts payable within one year42/48 | €5.2m | €5.8m | €5.6m | €6.5m | €6.9m | ▲ 6.3% |
| Trade debts44 | €3.7m | €3.8m | €3.7m | €4.1m | €4.6m | ▲ 14.0% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.02m | €0.04m | €0.1m | -€0.1m | ▼ 199% |
| + Depreciation and write-downs630 | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 2.5% |
| Operating cash flow (approximation) | €0.7m | €0.6m | €0.7m | €0.8m | €0.5m | ▼ 32.2% |
| Investment in fixed assets (approximation) | - | -€1.5m | -€0.9m | -€0.6m | -€0.9m | ▼ 54.8% |
| Change in cash | - | €0.06m | €0.05m | €0.4m | -€0.6m | ▼ 250% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 1,599 companies in this sector we hold annual accounts for 793. 553 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector