PANIC OFFICE
InactiveInactive; last annual accounts for fiscal year 2012.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 22-07-2013, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2012, full schema
Turnover
€168k▼ 14.8%
2011 · €197k
EBIT margin
-0.7%▼ 13.2pp
2011 · 12.4%
Net result
€71k▲ 765%
2011 · €8k
Working capital
€67k
2011 · €-27k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20082009201020112012
Turnover€146k-€151k▲ 3.4%€138k▼ 8.4%€197k▲ 42.3%€168k▼ 14.8%
Operating result€22k-€22k▲ 0.3%€22k▲ 1.6%€24k▲ 9.9%€-1k
Net result€9k-€6k▼ 37.7%€6k▲ 7.2%€8k▲ 36.8%€71k▲ 765%
EBIT margin14.9%-14.5%▼ 0.4pp16.1%▲ 1.6pp12.4%▼ 3.7pp-0.7%▼ 13.2pp
Equity€23k-€28k▲ 24.9%€34k▲ 21.4%€42k▲ 24.1%€113k▲ 168%
Total assets€321k-€313k▼ 2.5%€296k▼ 5.2%€323k▲ 9.0%€293k▼ 9.1%
Debt€298k-€284k▼ 4.6%€262k▼ 7.8%€281k▲ 7.0%€128k▼ 54.5%
Working capital€-53k-€-29k▲ 45.4%€-27k▲ 8.3%€-27k▲ 0.1%€67k
Staff (FTE)1.1-0.3▼ 72.7%0.2▼ 33.3%0.4▲ 100%0.1▼ 75.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2012: a loss of €1k after €24k in 2011, the lowest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €293k
Fixed assets
€111k ▼ 59.7%
Current assets
€182k ▲ 293%
Equity and liabilities €293k
Equity
€113k ▲ 168%
Provisions
€52k
Debt
€128k ▼ 54.5%
Debt's share of the balance-sheet total falls from 86.9% to 43.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2011 · €57k
Cash flow
€107k▲
2011 · €40k
Current ratio
1.58▲
2011 · 0.63
Debt to equity
0.11▼
2011 · 4.90
ROE
62.7%▲
2011 · 19.4%
ROA
24.2%▲
2011 · 2.5%
Debt ≤ 1 year
€115k▲
2011 · €73k
Debt > 1 year
€13k▼
2011 · €208k
Income taxes
€13▼
2011 · €4k
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 | €146k | €151k | €138k | €197k | €168k | ▼ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €24k | €31k | €32k | €36k | ▲ 13.0% |
| Gross operating margin9900 | €84k | €69k | €58k | €73k | €77k | ▲ 4.2% |
| Operating profit (loss)9901 | €22k | €22k | €22k | €24k | €-1k | ▼ 105% |
| Recurring financial income75 | €2 | €157 | €204 | €2 | €1k | ▲ 78,778% |
| Recurring financial charges65 | €13k | €13k | €13k | €13k | €39k | ▲ 212% |
| Profit (loss) for the period before taxes9903 | €16k | €9k | €9k | €12k | €123k | ▲ 923% |
| Income taxes67/77 | €7k | €4k | €3k | €4k | €13 | ▼ 99.7% |
| Profit (loss) for the period9904 | €9k | €6k | €6k | €8k | €71k | ▲ 765% |
| Profit (loss) for the period to be appropriated9905 | €9k | €6k | €6k | €8k | €-31k | ▼ 475% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €321k | €313k | €296k | €323k | €293k | ▼ 9.1% |
| Fixed assets21/28 | €299k | €287k | €281k | €277k | €111k | ▼ 59.7% |
| Tangible fixed assets22/27 | €299k | €287k | €281k | €277k | €111k | ▼ 59.7% |
| Financial fixed assets28 | €50 | €60 | €60 | €10 | €10 | = |
| Current assets29/58 | €21k | €26k | €16k | €46k | €182k | ▲ 293% |
| Amounts receivable within one year40/41 | €20k | €23k | €9k | - | €36k | - |
| Cash at bank and in hand54/58 | €1k | €2k | €2k | €220 | €19k | ▲ 8,386% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €321k | €313k | €296k | €323k | €293k | ▼ 9.1% |
| Equity10/15 | €23k | €28k | €34k | €42k | €113k | ▲ 168% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €930 | €1k | €2k | €2k | €104k | ▲ 5,224% |
| Profit (loss) carried forward14 | €15k | €21k | €26k | €34k | €3k | ▼ 90.3% |
| Provisions and deferred taxes16 | - | - | - | - | €52k | - |
| Amounts payable17/49 | €298k | €284k | €262k | €281k | €128k | ▼ 54.5% |
| Amounts payable after more than one year17 | €223k | €229k | €220k | €208k | €13k | ▼ 93.9% |
| Amounts payable within one year42/48 | €75k | €55k | €42k | €73k | €115k | ▲ 57.5% |
| Trade debts44 | €26k | €18k | €7k | €27k | €75k | ▲ 178% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €6k | €6k | €8k | €71k | ▲ 765% |
| + Depreciation and write-downs630 | €22k | €24k | €31k | €32k | €36k | ▲ 13.0% |
| Operating cash flow (approximation) | €31k | €29k | €37k | €40k | €107k | ▲ 166% |
| Investment in fixed assets (approximation) | - | €-11k | €-25k | €-28k | €129k | ▲ 559% |
| Change in cash | - | €929 | €-351 | €-2k | €18k | ▲ 1,318% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2013
22-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
27-06
State Gazette act
Merger · Accounting effect
2012
31-12
Financial
Highest result since 2008net €71k ▲765%
Net result €71k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.58
Current ratio from 0.63 to 1.58.
31-12
Financial
Equity above €100kEq €113k ▲168%
5 profitable years in a row build equity to €113k.
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 31 days late
2011
08-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 8 days late
2010
24-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 24 days late
2009
31-12
Financial
Weakest financial yearnet €6k ▼37.7%
Net result drops to €6k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 18 days late
2008
23-07
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
22-08
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:TAKTIK