AGIRIS
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 43 days after the deadline Filed on 12 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00447451.
Annual accounts 2022 filed on 12-09-2023 PDF all 15 filings
Turnover
≈ €580,000
Estimated: probably between €410,000 and €890,000
Total assets
€261,991▲ 66.8%
2021 · €157,115
Net result
€87,004▲ 441%
2021 · €16,074
Working capital
€119,283
2021 · -€13,098
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
€95,913
▲ 315%
2022
20182022
Net result
€87,004
▲ 441%
2022
highest quarter of the sector
20182022
Equity
-€23,978
▲ 78.4%
2022
lowest quarter of the sector
20182022
Total assets
€261,991
▲ 66.8%
2022
middle half of the sector
20182022
Debt
€261,165
▲ 7.3%
2022
20182022
Working capital
€119,283
2022
highest quarter of the sector
20182022
Solvency
-9.2%
▲ 61.5pp
2022
lowest quarter of the sector
20182022
Current ratio
1.98
▲ 1.07
2022
middle half of the sector
20182022
Return on assets (ROA)
33.2%
▲ 23.0pp
2022
highest quarter of the sector
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€67,387-€97,170▲ 44.2%€15,480▼ 84.1%€23,113▲ 49.3%€95,913▲ 315%
Net result€4,624-€70,447▲ 15×€6,207within the sector's middle half▼ 91.2%€16,074within the sector's middle half▲ 159%€87,004above the sector's middle half▲ 441%
Equity-€203,648--€133,202▲ 34.6%-€127,056below the sector's middle half▲ 4.6%-€110,982below the sector's middle half▲ 12.7%-€23,978below the sector's middle half▲ 78.4%
Total assets€216,428-€138,214▼ 36.1%€139,665within the sector's middle half▲ 1.0%€157,115within the sector's middle half▲ 12.5%€261,991within the sector's middle half▲ 66.8%
Debt€382,466-€227,340▼ 40.6%€241,918▲ 6.4%€243,293▲ 0.6%€261,165▲ 7.3%
Working capital€47,026-€47,499▲ 1.0%€64,172within the sector's middle half▲ 35.1%-€13,098below the sector's middle half€119,283above the sector's middle half
Solvency-94.1%--96.4%▼ 2.3pp-91.0%below the sector's middle half▲ 5.4pp-70.6%below the sector's middle half▲ 20.3pp-9.2%below the sector's middle half▲ 61.5pp
Current ratio1.36-1.60▲ 0.242.25within the sector's middle half▲ 0.650.90below the sector's middle half▼ 1.351.98within the sector's middle half▲ 1.07
Return on assets (ROA)2.1%-51.0%▲ 48.8pp4.4%within the sector's middle half▼ 46.5pp10.2%within the sector's middle half▲ 5.8pp33.2%above the sector's middle half▲ 23.0pp
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2022 is over 4.1 times that of 2021. It is the second rise in a row, after the fall in 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €261,991
Fixed assets
€20,543 ▼ 37.6%
Current assets
€241,448 ▲ 94.4%
Equity and liabilities
Equity-€23,978
Debt€261,165
Equity is negative. Debt (€261,165) exceeds the balance-sheet total (€261,991).
Key figures and ratios
EBITDA
€110,697▲
2021 · €38,547
Cash flow
€101,788▲
2021 · €31,508
Quick ratio
1.83▲
2021 · 0.50
Interest coverage
12.40▲
2021 · 5.33
Debt ≤ 1 year
€122,165▼
2021 · €137,293
Debt > 1 year
€139,000▲
2021 · €106,000
Staff costs
€33,776▼
2021 · €101,582
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €6,794 | €2,366 |
| Intangible fixed assets | €17,240 | €41 |
| Depreciation and write-downs of the year | €15,434 | €14,784 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €702 awarded · €702 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €101,582 | €33,776 | ▼ 66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,220 | €16,213 | €5,071 | €15,434 | €14,784 | ▼ 4.2% |
| Other operating charges640/8 | - | - | - | €298 | €1,126 | ▲ 278% |
| Non-recurring operating charges66A | - | - | - | €11,691 | €29,776 | ▲ 155% |
| Gross operating margin9900 | €306,986 | €295,097 | €149,387 | €152,117 | €175,376 | ▲ 15.3% |
| Operating profit (loss)9901 | €67,387 | €97,170 | €15,480 | €23,113 | €95,913 | ▲ 315% |
| Financial income75/76B | - | - | - | €189 | €21 | ▼ 88.8% |
| Recurring financial income75 | €142 | €941 | €168 | €189 | €21 | ▼ 88.8% |
| Financial charges65/66B | - | - | - | €7,227 | €8,930 | ▲ 23.6% |
| Recurring financial charges65 | €7,482 | €10,062 | €9,441 | €7,227 | €8,930 | ▲ 23.6% |
| Profit (loss) for the period before taxes9903 | €4,624 | €70,447 | €6,207 | €16,074 | €87,004 | ▲ 441% |
| Profit (loss) for the period9904 | €4,624 | €70,447 | €6,207 | €16,074 | €87,004 | ▲ 441% |
| Profit (loss) for the period to be appropriated9905 | €4,624 | €70,447 | €10,447 | €16,074 | €87,004 | ▲ 441% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €216,428 | €138,214 | €139,665 | €157,115 | €261,991 | ▲ 66.8% |
| Fixed assets21/28 | €39,194 | €11,720 | €24,320 | €32,920 | €20,543 | ▼ 37.6% |
| Intangible fixed assets21 | €600 | €300 | €11,165 | €19,477 | €10,108 | ▼ 48.1% |
| Tangible fixed assets22/27 | €35,094 | €7,920 | €9,655 | €9,943 | €6,934 | ▼ 30.3% |
| Land and buildings22 | - | - | - | €774 | €540 | ▼ 30.2% |
| Plant, machinery and equipment23 | - | - | - | €574 | €287 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | - | €8,595 | €6,107 | ▼ 28.9% |
| Financial fixed assets28 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Current assets29/58 | €177,234 | €126,494 | €115,346 | €124,195 | €241,448 | ▲ 94.4% |
| Stocks and contracts in progress3 | €4,954 | €24,412 | €58,429 | €55,605 | €18,456 | ▼ 66.8% |
| Stocks30/36 | - | - | - | €46,923 | €18,456 | ▼ 60.7% |
| Contracts in progress37 | - | - | - | €8,682 | - | - |
| Amounts receivable within one year40/41 | €136,052 | €79,598 | €56,917 | €68,590 | €219,740 | ▲ 220% |
| Trade receivables40 | - | - | - | €68,590 | €86,095 | ▲ 25.5% |
| Other amounts receivable41 | - | - | - | - | €133,644 | - |
| Cash at bank and in hand54/58 | €36,229 | €22,484 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,252 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €216,428 | €138,214 | €139,665 | €157,115 | €261,991 | ▲ 66.8% |
| Equity10/15 | -€203,648 | -€133,202 | -€127,056 | -€110,982 | -€23,978 | ▲ 78.4% |
| Contributions10/11 | €123,000 | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Capital10 | - | - | - | €123,000 | €123,000 | = |
| Issued capital100 | - | - | - | €123,000 | €123,000 | = |
| Reserves13 | €30,825 | €30,825 | €26,584 | €26,584 | €26,584 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | = |
| Legal reserve130 | - | - | - | €1,900 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,900 | - |
| Distributable reserves133 | - | - | - | €24,684 | €24,684 | = |
| Profit (loss) carried forward14 | -€357,473 | -€287,026 | -€276,641 | -€260,566 | -€173,563 | ▲ 33.4% |
| Provisions and deferred taxes16 | €37,611 | €44,076 | €24,804 | €24,804 | €24,804 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €24,804 | €24,804 | = |
| Major repairs and maintenance162 | - | - | - | €24,804 | €24,804 | = |
| Amounts payable17/49 | €382,466 | €227,340 | €241,918 | €243,293 | €261,165 | ▲ 7.3% |
| Amounts payable after more than one year17 | €240,854 | €148,345 | €190,744 | €106,000 | €139,000 | ▲ 31.1% |
| Financial debts170/4 | - | - | - | €36,000 | €36,000 | = |
| Other amounts payable178/9 | - | - | - | €70,000 | €103,000 | ▲ 47.1% |
| Amounts payable within one year42/48 | €130,208 | €78,995 | €51,174 | €137,293 | €122,165 | ▼ 11.0% |
| Financial debts43 | - | - | - | €10,414 | €2,493 | ▼ 76.1% |
| Credit institutions430/8 | - | - | - | €5,994 | €196 | ▼ 96.7% |
| Other loans439 | - | - | - | €4,420 | €2,296 | ▼ 48.0% |
| Trade debts44 | €73,202 | €51,878 | €39,198 | €118,408 | €119,672 | ▲ 1.1% |
| Suppliers440/4 | - | - | - | €118,408 | €119,672 | ▲ 1.1% |
| Taxes, remuneration and social security45 | - | - | - | €8,471 | - | - |
| Remuneration and social security454/9 | - | - | - | €8,471 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,624 | €70,447 | €6,207 | €16,074 | €87,004 | ▲ 441% |
| + Depreciation and write-downs630 | €22,220 | €16,213 | €5,071 | €15,434 | €14,784 | ▼ 4.2% |
| Operating cash flow (approximation) | €26,844 | €86,659 | €11,278 | €31,508 | €101,788 | ▲ 223% |
| Investment in fixed assets (approximation) | - | €11,261 | -€17,671 | -€24,034 | -€2,407 | ▲ 90.0% |
| Change in cash | - | -€13,745 | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 12-09-2023 | 2023-00447451 | |
| 31-12-2021 | micro format | 02-06-2022 | 2022-20042803 | |
| 31-12-2020 | micro format | 12-05-2021 | 2021-13900362 | |
| 31-12-2019 | micro format | 14-02-2020 | 2020-04900577 | |
| 31-12-2018 | micro format | 28-05-2019 | 2019-14500235 | |
| 31-12-2017 | micro format | 17-08-2018 | 2018-46700304 | |
| 31-12-2016 | abbreviated format | 22-06-2017 | 2017-20700538 | |
| 31-12-2015 | abbreviated format | 08-06-2016 | 2016-16200491 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-55100301 | |
| 31-12-2013 | abbreviated format | 18-06-2014 | 2014-18600113 |