Financials
MDxHealth operates on a calendar basis with its accounting year ending on December 31.
The company reports its consolidated financial statements under International Financial Reporting Standards (IFRS) and all amounts are in Euros. MDxHealth publishes a consolidated and audited Annual Report on an annual basis, a consolidated Interim Report for its June 30 half-year financial figures, and business/financial updates at the end of Q1 and Q3. Furthermore, for the Annual General Shareholders’ Meeting, the company also publishes the non-consolidated Belgian-GAAP financial statements of the parent company. Prior to October 5, 2010, MDxHealth operated under the name OncoMethylome Sciences.
Reporting Calendar
- 2011 Full year results - available March 15, 2012
- Q1 2012 - First Business Update – May 16, 2012
- June 30, 2012 Interim Report – August 30, 2012
- Q3 2012 - Second Business Update - November 15, 2012
Auditor
BDO Réviseurs d'Entreprises Soc. Civ. SCRL, a civil company, having the form of a cooperative company with limited liability (société coopérative à responsabilité limitée / coöperatieve vennootschap met beperkte aansprakelijkheid) organized and existing under the laws of Belgium, with registered office at Da Vincilaan 9, 1935 Zaventem, Belgium, represented by Mr. Bert Kegels, has been re-appointed on May 29, 2009 as the statutory auditor of the Company for a term of 3 years ending immediately after the closing of the annual shareholder’s meeting to be held May 25, 2012. BDO has been the statutory auditor since January 1, 2003. Mr. Bert Kegels has represented BDO since May 29, 2009.
Financials
3-year Snapshot
Consolidated Income Statement Data
| Thousands of Euro (€) | 2010 | 2009 | 2008 |
|---|---|---|---|
| Revenues | 2,536 | 2,548 | 3,024 |
| Cost of goods & services sold | -370 | -179 | -243 |
| Gross profit | 2,166 | 2,369 | 2,781 |
| Research and development expenses | -6,812 | -13,089 | -10,999 |
| Selling, general and administrative expenses | -3,745 | -4,011 | -3,107 |
| Other operating income | -131 | 0 | 0 |
| Other operating expenses | 106 | 0 | -1 |
| Operating Profit (EBIT) | -8,366 | -14,731 | -11,326 |
| Financial result | 137 | 430 | 1,134 |
| Profit / (Loss) before taxes | -8,229 | -14,301 | -10,192 |
| Income taxes | -24 | 0 | 0 |
| Net profit / (Loss) | -8,253 | -14,301 | -10,192 |
Consolidated Balance Sheet Data
| ASSETS | |||
|---|---|---|---|
| Thousands of Euro (€) | 2010 | 2009 | 2008 |
| Total non-current assets | 1,109 | 1,976 | 4,660 |
| Total current assets | 13,310 | 22,776 | 34,392 |
| Of which cash and cash equivalents | 10,593 | 18,032 | 30,601 |
| Total assets | 14.419 | 24,752 | 39,052 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||
|---|---|---|---|
| Total equity | 10,723 | 18,800 | 32,643 |
| Non-current liabilities | 626 | 557 | 1,252 |
| Current liabilities | 3,070 | 5,395 | 5,157 |
| Total liabilities and shareholders’ equity | 14,419 | 24,752 | 39,052 |
Consolidated Cash Flow Statement
| Thousands of Euro (€) | 2010 | 2009 | 2008 |
|---|---|---|---|
| Net cash provided by / (used in) operating activities | -8,129 | -12,798 | -9,313 |
| Net cash provided by / (used in) investing activities | 686 | 118 | -1,619 |
| Net cash provided by / (used in) financing activities | 0 | 109 | 8,473 |
| Net change in cash and cash equivalents | -7,443 | -12,571 | -2,459 |
| Cash and cash equivalents at end of period | 10,593 | 18,032 | 30,601 |
Financial Reports
2011
2011 Interim Report: english, français
2010
Full year 2010 Registration Document (Annual report): english, français
2010 Auditor's Opinion: english, français
Full year 2010 non-consolidated statutory accounts and reports: : français
2010 Full Year Results Financial Report: english
2010 Interim Report: english, français
2009
Full year 2009 Registration Document (Annual report): english, français
Full year 2009 non-consolidated statutory accounts and reports: français
2009 Full Year Results Financial Report: english
2008
2008 Annual Brochure: english, français
2008 Registration Document: english, français
2008 Full Year Results Financial Report: english
2007
Full year 2007 Registration Document (Annual Report): english, français
2007 Full Year Results: english, français
2007 Full Year Results Financial Report: english
2007 Half Year Results: english, français
2007 Half Year Results Financial Report: english
2006
2006 Annual Brochure: english, français
Full year 2006 Registration Document (Annual Report): english, français
2006 Full Year Results: english, français
2006 Full Year Results Financial Report: english
Statutory Statements with Reports of Board and Auditor: english
2006 Half year Report (June 30 figures): english