ALX CONSTRUCT
Open bankruptcyFinancials · financial year 2022, full format
Turnover
€3.3m▲ 20.0%
2020 · €2.8m
EBIT margin
2.5%▼ 1.6pp
2020 · 4.1%
Net result
-€192,737
2021 · €45,520
Working capital
-€273,360▼ 133%
2021 · -€117,356
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result turns negative in 2022: a loss of €170,328 after €83,097 in 2021, the lowest 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.
Turnover€3.3m
2021
Operating result-€0.2m
2022
Net result-€0.2m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.2m
2022
Equity-€0.04m
2022
Debt€1.2m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin2.5%
2021
Return on assets (ROA)-16.6%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-3.2%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.67
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€2.0m-€2.2m▲ 6.5%€2.8m▲ 27.2%€3.3m▲ 20.0%
Operating result€0.02m-€0.05m▲ 150%€0.1m▲ 139%€0.08m▼ 27.2%-€0.2m
Net result€0.02m-€0.02m▲ 22.4%€0.06mwithin the sector's middle half▲ 184%€0.05mwithin the sector's middle half▼ 24.7%-€0.2mbelow the sector's middle half
EBIT margin0.9%-2.2%▲ 1.3pp4.1%▲ 1.9pp2.5%▼ 1.6pp
Equity€0.06m-€0.08m▲ 37.1%€0.1mwithin the sector's middle half▲ 40.5%€0.2mwithin the sector's middle half▲ 41.2%-€0.04mbelow the sector's middle half
Total assets€0.7m-€1.2m▲ 74.7%€1.1mwithin the sector's middle half▼ 2.5%€1.5mwithin the sector's middle half▲ 28.6%€1.2mwithin the sector's middle half▼ 20.1%
Debt€0.6m-€1.1m▲ 78.3%€1.0m▼ 5.6%€1.3m▲ 27.2%€1.2m▼ 7.6%
Working capital-€0.09m--€0.05m▲ 41.6%-€0.07mbelow the sector's middle half▼ 38.6%-€0.1mbelow the sector's middle half▼ 58.0%-€0.3mbelow the sector's middle half▼ 133%
Solvency8.7%-6.8%▼ 1.9pp9.8%below the sector's middle half▲ 3.0pp10.8%below the sector's middle half▲ 1.0pp-3.2%below the sector's middle half▼ 13.9pp
Current ratio0.78-0.90▲ 0.120.85below the sector's middle half▼ 0.050.85below the sector's middle half=0.67below the sector's middle half▼ 0.18
Return on assets (ROA)2.6%-1.8%▼ 0.8pp5.4%within the sector's middle half▲ 3.5pp3.1%within the sector's middle half▼ 2.2pp-16.6%below the sector's middle half▼ 19.8pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.2m
Fixed assets
€614,478 ▼ 22.8%
Current assets
€544,468 ▼ 16.8%
Equity and liabilities
Equity-€36,634
Debt€1.2m
Equity is negative: debt (€1.2m) exceeds the balance-sheet total (€1.2m).
Key figures and ratios
EBITDA
-€7,710▼
2021 · €244,210
Cash flow
-€30,119▼
2021 · €206,633
Interest coverage
-0.33▼
2021 · 8.69
Debt ≤ 1 year
€817,828▲
2021 · €771,584
Debt > 1 year
€377,752▼
2021 · €522,835
Income taxes
€103▼
2021 · €12,200
Staff costs
€42,704▲
2021 · €40,890
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.0m | €2.2m | €2.8m | €3.3m | - | - |
| Non-recurring operating income76A | - | - | - | €274 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €3.0m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.04m | €0.04m | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.08m | €0.1m | €0.2m | €0.2m | ▲ 0.9% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | ▲ 10.3% |
| Gross operating margin9900 | €0.1m | €0.2m | €0.3m | €0.3m | €0.05m | ▼ 82.3% |
| Operating profit (loss)9901 | €0.02m | €0.05m | €0.1m | €0.08m | -€0.2m | - |
| Financial income75/76B | - | - | - | €0.003m | €0.001m | ▼ 52.8% |
| Recurring financial income75 | €0.004m | €0.004m | €50 | €0.003m | €0.001m | ▼ 52.8% |
| Financial charges65/66B | - | - | - | €0.03m | €0.02m | ▼ 16.0% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.04m | €0.03m | €0.02m | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.03m | €0.08m | €0.06m | -€0.2m | - |
| Income taxes67/77 | €0.005m | €0.006m | €0.02m | €0.01m | €103 | ▼ 99.2% |
| Profit (loss) for the period9904 | €0.02m | €0.02m | €0.06m | €0.05m | -€0.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.02m | €0.06m | €0.05m | -€0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.7m | €1.2m | €1.1m | €1.5m | €1.2m | ▼ 20.1% |
| Fixed assets21/28 | €0.3m | €0.7m | €0.7m | €0.8m | €0.6m | ▼ 22.8% |
| Tangible fixed assets22/27 | €0.3m | €0.7m | €0.7m | €0.8m | €0.6m | ▼ 23.2% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | ▼ 5.9% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.04m | ▼ 29.0% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.01m | ▼ 75.3% |
| Leasing and similar rights25 | - | - | - | €0.4m | €0.3m | ▼ 25.7% |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.05m | ▼ 5.7% |
| Financial fixed assets28 | €0.004m | €0.004m | €0.003m | €0.01m | €0.01m | = |
| Current assets29/58 | €0.3m | €0.5m | €0.4m | €0.7m | €0.5m | ▼ 16.8% |
| Amounts receivable after more than one year29 | - | - | - | €0.03m | - | - |
| Other amounts receivable291 | - | - | - | €0.03m | - | - |
| Stocks and contracts in progress3 | €0.002m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | ▲ 0.7% |
| Trade receivables40 | - | - | - | €0.4m | €0.4m | ▲ 5.8% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.04m | ▼ 32.9% |
| Cash at bank and in hand54/58 | €0.002m | €0.006m | €0.008m | €0.07m | €0.008m | ▼ 88.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.06m | ▼ 25.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.7m | €1.2m | €1.1m | €1.5m | €1.2m | ▼ 20.1% |
| Equity10/15 | €0.06m | €0.08m | €0.1m | €0.2m | -€0.04m | - |
| Contributions10/11 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Capital10 | - | - | - | €0.006m | €0.006m | = |
| Issued capital100 | - | - | - | €0.02m | €0.02m | = |
| Uncalled capital101 | - | - | - | €0.01m | €0.01m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.05m | €0.07m | €0.1m | €0.1m | -€0.04m | - |
| Amounts payable17/49 | €0.6m | €1.1m | €1.0m | €1.3m | €1.2m | ▼ 7.6% |
| Amounts payable after more than one year17 | €0.2m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 27.7% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | ▼ 27.7% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.5m | €0.8m | €0.8m | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.1m | ▼ 7.4% |
| Financial debts43 | - | - | - | €0.03m | €0.03m | ▼ 3.3% |
| Credit institutions430/8 | - | - | - | €0.03m | €0.03m | ▼ 3.3% |
| Trade debts44 | €0.2m | €0.3m | €0.3m | €0.5m | €0.6m | ▲ 9.1% |
| Suppliers440/4 | - | - | - | €0.5m | €0.6m | ▲ 9.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.04m | ▲ 26.8% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | ▲ 26.4% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.02m | ▲ 27.4% |
| Other amounts payable47/48 | - | - | - | €0.009m | €0.009m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,416 | €21,310 | €60,434 | €45,520 | -€192,737 | - |
| + Depreciation and write-downs630 | €71,106 | €82,331 | €112,513 | €161,113 | €162,618 | ▲ 0.9% |
| Operating cash flow (approximation) | €88,522 | €103,641 | €172,947 | €206,633 | -€30,119 | - |
| Investment in fixed assets (approximation) | - | -€409,756 | -€157,491 | -€242,168 | €19,198 | - |
| Change in cash | - | €4,085 | €1,917 | €63,109 | -€63,284 | - |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 12-07-2023 | 2023-00227984 |
| 31-12-2021 | full format | 24-08-2022 | 2022-20310925 |
| 31-12-2020 | full format | 16-09-2021 | 2021-67400160 |
| 31-12-2019 | full format | 16-09-2020 | 2020-53400505 |
| 31-12-2018 | full format | 06-09-2019 | 2019-63500385 |
| 31-12-2017 | full format | 24-05-2018 | 2018-14000363 |
| 31-12-2016 | full format | 04-09-2017 | 2017-60000036 |
| 31-12-2015 | full format | 08-06-2016 | 2016-16600580 |
| 31-12-2014 | full format | 14-10-2015 | 2015-64800446 |
| 31-12-2013 | full format | 27-10-2014 | 2014-65700051 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 19,855 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,272. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.