ASCURE
InactiveInactive; last annual accounts for fiscal year 2013.
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 30-06-2013 was due by 31-01-2014 and was filed on 13-01-2014, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2013
18 d early
2012
15 d early
2010
4 d early
2009
1 d early
2008
14 d early
2007
17 d early
2006
56 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2013, full schema
Turnover
€3.12M▼ 48.7%
2012 · €6.08M
2012: €6.08M
2013: €3.12M▼ -48.7% vs 2012
2012 → 2013
EBIT margin
2.4%▼ 0.4pp
2012 · 2.8%
2012: 2.8%
2013: 2.4%▼ -13.3% vs 2012
2012 → 2013
Net result
€-19k
2010 · €187k
2009: €69k
2010: €187k▲ +171% vs 2009highest value
2012: €-19klowest value
2009 → 2012
Working capital
€584k▼ 14.8%
2012 · €686k
2009: €567klowest value
2010: €669k▲ +18.1% vs 2009
2012: €686khighest value
2013: €584k▼ -14.8% vs 2012
2009 → 2013
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2009201020122013Trend
Turnover€6.08M€3.12M▼ 48.7%
2012: €6.08M
2013: €3.12M▼ -48.7% vs 2012
Equity€388k-€576k▲ 48.2%€557k▼ 3.3%€557k=
2009: €388klowest value
2010: €576k▲ +48.2% vs 2009highest value
2012: €557k
2013: €557k● 0.0% vs 2012
Operating result€281k-€188k▼ 33.0%€169k▼ 10.2%€75k▼ 55.5%
2009: €281khighest value
2010: €188k▼ -33.0% vs 2009
2012: €169k
2013: €75k▼ -55.5% vs 2012lowest value
Net result€69k-€187k▲ 171%€-19k
2009: €69k
2010: €187k▲ +171% vs 2009highest value
2012: €-19klowest value
Result per fiscal year
Operating resultNet result
The operating result falls in 2013; 2013 is 56% below 2012 and is the lowest result in the available series.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €2.40M
Fixed assets
€12k ▼ 58.9%
Current assets
€2.38M ▲ 26.9%
Equity and liabilities €2.40M
Equity
€557k =
Provisions
€39k ▼ 65.9%
Debt
€1.80M ▲ 45.7%
Debt's share of the balance-sheet total rises from 64.8% to 75.1%. Debt is higher.
Key figures and ratios
EBITDA
€92k▼
2012 · €235k
Current ratio
1.32▼
2012 · 1.57
Interest coverage
7.28▲
2012 · 4.10
Debt ≤ 1 year
€1.80M▲
2012 · €1.19M
Income taxes
€62k
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 · 2013 against 2012 · 26 lines
Balance sheet
Code20122013
Assets
Total assets20/58€1.91M€2.40M▲
Fixed assets21/28€29k€12k▼
Tangible fixed assets22/27€22k€5k▼
Financial fixed assets28€7k€7k=
Current assets29/58€1.88M€2.38M▲
Stocks and contracts in progress3-€130k
Amounts receivable within one year40/41€1.49M€2.22M▲
Cash at bank and in hand54/58€388k€24k▼
Equity and liabilities
Total equity and liabilities10/49€1.91M€2.40M▲
Equity10/15€557k€557k=
Contributions10/11€1.00M€1.00M=
Profit (loss) carried forward14€-443k€-443k=
Provisions and deferred taxes16€115k€39k▼
Amounts payable17/49€1.24M€1.80M▲
Amounts payable within one year42/48€1.19M€1.80M▲
Trade debts44€234k€1.32M▲
Income statement
Code20122013
Turnover70€6.08M€3.12M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€17k▼
Operating profit (loss)9901€169k€75k▼
Recurring financial income75€9k€288▼
Recurring financial charges65€67k€15k▼
Debt charges650€57k€13k▼
Profit (loss) for the period before taxes9903€-19k€62k▲
Income taxes67/77-€62k
Profit (loss) for the period9904€-19k-
Profit (loss) for the period to be appropriated9905€-19k-
Accounts by statement
| Line | 2009 | 2010 | 2012 | 2013 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €6.08M | €3.12M | ▼ 48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €23k | €66k | €17k | ▼ 73.9% |
| Gross operating margin9900 | €2.27M | €2.03M | - | - | - |
| Operating profit (loss)9901 | €281k | €188k | €169k | €75k | ▼ 55.5% |
| Recurring financial income75 | €9k | €40k | €9k | €288 | ▼ 96.9% |
| Recurring financial charges65 | €53k | €41k | €67k | €15k | ▼ 78.2% |
| Debt charges650 | - | - | €57k | €13k | ▼ 77.8% |
| Profit (loss) for the period before taxes9903 | €69k | €187k | €-19k | €62k | ▲ 431% |
| Income taxes67/77 | - | - | - | €62k | - |
| Profit (loss) for the period9904 | €69k | €187k | €-19k | - | - |
| Profit (loss) for the period to be appropriated9905 | €69k | €187k | €-19k | - | - |
| Line | 2009 | 2010 | 2012 | 2013 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.31M | €1.35M | €1.91M | €2.40M | ▲ 25.6% |
| Fixed assets21/28 | €81k | €91k | €29k | €12k | ▼ 58.9% |
| Tangible fixed assets22/27 | €67k | €76k | €22k | €5k | ▼ 79.3% |
| Financial fixed assets28 | €15k | €15k | €7k | €7k | = |
| Current assets29/58 | €1.23M | €1.26M | €1.88M | €2.38M | ▲ 26.9% |
| Stocks and contracts in progress3 | - | - | - | €130k | - |
| Amounts receivable within one year40/41 | €850k | €970k | €1.49M | €2.22M | ▲ 49.0% |
| Cash at bank and in hand54/58 | €373k | €279k | €388k | €24k | ▼ 93.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.31M | €1.35M | €1.91M | €2.40M | ▲ 25.6% |
| Equity10/15 | €388k | €576k | €557k | €557k | = |
| Contributions10/11 | €1.00M | €1.00M | €1.00M | €1.00M | = |
| Profit (loss) carried forward14 | €-612k | €-424k | €-443k | €-443k | = |
| Provisions and deferred taxes16 | - | - | €115k | €39k | ▼ 65.9% |
| Amounts payable17/49 | €926k | €776k | €1.24M | €1.80M | ▲ 45.7% |
| Amounts payable after more than one year17 | €243k | €89k | - | - | - |
| Amounts payable within one year42/48 | €667k | €592k | €1.19M | €1.80M | ▲ 50.9% |
| Trade debts44 | €239k | €268k | €234k | €1.32M | ▲ 467% |
| Line | 2009 | 2010 | 2012 | 2013 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69k | €187k | €-19k | - | - |
| + Depreciation and write-downs630 | €22k | €23k | €66k | €17k | ▼ 73.9% |
| Operating cash flow (approximation) | €91k | €210k | €47k | €17k | ▼ 63.5% |
| Investment in fixed assets (approximation) | - | €-32k | - | €0 | - |
| Change in cash | - | €-94k | - | €-364k | - |
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
2014
02-04
State Gazette act
General meeting · Merger
Purpose change · Dissolution · Vincent Vroninks
02-04
State Gazette act
General meeting · Merger
Purpose change · Dissolution
13-01
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
16-12
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose
16-12
State Gazette act
Merger · Accounting effect
Purpose change · Merger approval date
16-01
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
30-06
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
2011
27-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
31-12
Financial
Highest result since 2009net €187k ▲171%
Net result €187k, the highest in the series.
31-12
Financial
Equity above €500kEq €576k ▲48.2%
2 profitable years in a row build equity to €576k.
30-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
17-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
Show earlier events
2008
14-07
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
05-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
28-07
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
06-07
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
11-05
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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:PRICEWATERHOUSECOOPERS ENTERPRISE ADVISORY