AD CONSTRUCT
InactiveFinancials · financial year 2021, micro format
Turnover
≈ €6.6m
Estimated: probably between €4.1m and €8.6m
Total assets
€12.2m▲ 79.6%
2020 · €6.8m
Net result
€2.5m▲ 6,900×
2020 · €364
Working capital
€2.3m
2020 · -€2.2m
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result returns to profit in 2021: €3.3m after a loss of €15,403 in 2020, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€3.3m
2021
Net result€2.5m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€12.2m
2021
Equity€6.5m
2021
Debt€4.6m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.3m
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.06m-€0.2m▲ 277%-€0.02m€3.3m
Net result€0.01m-€0.1m▲ 871%€364▼ 99.7%€2.5m▲ 6,900×
Equity€1.0m-€1.1m▲ 12.2%€1.1m=€6.5m▲ 503%
Total assets€4.4m-€4.5m▲ 1.4%€6.8m▲ 50.4%€12.2m▲ 79.6%
Debt€3.5m-€3.4m▼ 1.6%€5.7m▲ 66.4%€4.6m▼ 18.6%
Working capital-€0.3m--€0.2m▲ 30.7%-€2.2m▼ 909%€2.3m
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €12.2m
Fixed assets
€5.5m ▼ 6.0%
Current assets
€6.7m ▲ 610%
Equity and liabilities €12.2m
Equity
€6.5m ▲ 503%
Provisions
€983,507
Debt
€4.6m ▼ 18.6%
Debt's share of the balance-sheet total falls from 84.0% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.3m▲
2020 · €64,226
Cash flow
€2.5m▲
2020 · €79,993
Current ratio
1.51▲
2020 · 0.30
Debt to equity
0.71▼
2020 · 2.33
ROE
38.4%▲
2020 · 0.0%
ROA
20.6%▲
2020 · 0.0%
Interest coverage
35.56
Debt ≤ 1 year
€4.4m▲
2020 · €3.2m
Debt > 1 year
€218,663▼
2020 · €2.5m
Income taxes
€674,875▲
2020 · -€44,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3.8m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.07m | €0.08m | €0.03m | ▼ 66.2% |
| Other operating charges640/8 | - | - | - | €0.02m | - |
| Non-recurring operating charges66A | - | - | - | €0.2m | - |
| Gross operating margin9900 | €0.2m | €0.4m | €0.1m | €3.5m | ▲ 27× |
| Operating profit (loss)9901 | €0.06m | €0.2m | -€0.02m | €3.3m | - |
| Financial income75/76B | - | - | - | €0.03m | - |
| Recurring financial income75 | €0.02m | €0.03m | €0.04m | €0.03m | ▼ 29.0% |
| Financial charges65/66B | - | - | - | €0.09m | - |
| Recurring financial charges65 | €0.07m | €0.06m | €0.07m | €0.09m | ▲ 34.3% |
| Profit (loss) for the period before taxes9903 | €0.01m | €0.2m | -€0.04m | €3.2m | - |
| Income taxes67/77 | €214 | €0.05m | -€0.04m | €0.7m | - |
| Profit (loss) for the period9904 | €0.01m | €0.1m | €364 | €2.5m | ▲ 6,900× |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €0.1m | €364 | €2.5m | ▲ 6,900× |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.4m | €4.5m | €6.8m | €12.2m | ▲ 79.6% |
| Fixed assets21/28 | €3.4m | €3.3m | €5.8m | €5.5m | ▼ 6.0% |
| Tangible fixed assets22/27 | €2.9m | €2.8m | €4.6m | €0.4m | ▼ 90.9% |
| Land and buildings22 | - | - | - | €0.4m | - |
| Plant, machinery and equipment23 | - | - | - | €0.001m | - |
| Furniture and vehicles24 | - | - | - | €0.06m | - |
| Financial fixed assets28 | €0.5m | €0.5m | €1.2m | €5.1m | ▲ 311% |
| Current assets29/58 | €1.1m | €1.2m | €0.9m | €6.7m | ▲ 610% |
| Amounts receivable within one year40/41 | €1.0m | €1.1m | €0.9m | €4.4m | ▲ 413% |
| Trade receivables40 | - | - | - | €0.03m | - |
| Other amounts receivable41 | - | - | - | €4.4m | - |
| Cash at bank and in hand54/58 | €0.01m | €0.05m | €0.08m | €2.2m | ▲ 30× |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.4m | €4.5m | €6.8m | €12.2m | ▲ 79.6% |
| Equity10/15 | €1.0m | €1.1m | €1.1m | €6.5m | ▲ 503% |
| Contributions10/11 | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Capital10 | - | - | - | €0.8m | - |
| Issued capital100 | - | - | - | €0.8m | - |
| Reserves13 | €0.2m | €0.3m | €0.3m | €5.7m | ▲ 20× |
| Non-distributable reserves130/1 | - | - | - | €0.05m | - |
| Legal reserve130 | - | - | - | €0.05m | - |
| Tax-exempt reserves132 | - | - | - | €3.0m | - |
| Distributable reserves133 | - | - | - | €2.7m | - |
| Provisions and deferred taxes16 | - | - | - | €1.0m | - |
| Deferred taxes168 | - | - | - | €1.0m | - |
| Amounts payable17/49 | €3.5m | €3.4m | €5.7m | €4.6m | ▼ 18.6% |
| Amounts payable after more than one year17 | €2.1m | €2.0m | €2.5m | €0.2m | ▼ 91.3% |
| Financial debts170/4 | - | - | - | €0.2m | - |
| Amounts payable within one year42/48 | €1.4m | €1.4m | €3.2m | €4.4m | ▲ 39.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | - |
| Financial debts43 | - | - | - | €1.6m | - |
| Credit institutions430/8 | - | - | - | €1.6m | - |
| Trade debts44 | €0.005m | €0.03m | €0.03m | €0.002m | ▼ 91.0% |
| Suppliers440/4 | - | - | - | €0.002m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | - |
| Taxes450/3 | - | - | - | €0.001m | - |
| Other amounts payable47/48 | - | - | - | €2.8m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.1m | €364 | €2.5m | ▲ 6,900× |
| + Depreciation and write-downs630 | €0.07m | €0.07m | €0.08m | €0.03m | ▼ 66.2% |
| Operating cash flow (approximation) | €0.09m | €0.2m | €0.08m | €2.5m | ▲ 32× |
| Investment in fixed assets (approximation) | - | €0 | -€2.6m | €0.3m | - |
| Change in cash | - | €0.04m | €0.03m | €2.2m | ▲ 82× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 24-05-2022 | 2022-20034111 |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27600435 |
| 31-12-2019 | micro format | 03-06-2020 | 2020-14500023 |
| 31-12-2018 | micro format | 06-06-2019 | 2019-17300378 |
| 31-12-2017 | micro format | 24-05-2018 | 2018-14200205 |
| 31-12-2016 | abbreviated format | 18-05-2017 | 2017-12700205 |
| 31-12-2015 | abbreviated format | 27-06-2016 | 2016-23500178 |
| 31-12-2014 | abbreviated format | 29-05-2015 | 2015-13700209 |
| 31-12-2013 | abbreviated format | 20-05-2014 | 2014-12900321 |
| 31-12-2012 | abbreviated format | 29-05-2013 | 2013-13700550 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.