B.A. CONSTRUCT
Annual accounts 2019
micro format, filed on 22-10-2020, 83 days lateTurnover
€359,222
▼ 26.0%
Operating result
-€12,722
▼ €29,170
EBITDA
-
Cash flow
-
Solvency
2.8%
▼ 10.2 percentage points
Current ratio
1.03
▼ 0.12
Money flows
of every €100 of turnover, €3.94 was lost in 2019Balance sheet
balance sheet total €252,238 on 31-12-2019What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Staff
Staff cost per FTE€15,244
Staff costs divided by the average number of full-time equivalents.
Blue and white collar1 blue-collar
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
Total assets20/58 |
252,238 | 163,561 | 74,175 | 16,479 | |
Fixed assets21/28 |
93 | 93 | 93 | - | |
Financial fixed assets28 |
93 | 93 | 93 | - | |
Current assets29/58 |
252,144 | 163,468 | 74,081 | 16,479 | |
Stocks and contracts in progress3 |
45,000 | - | 26,000 | 16,000 | |
Stocks30/36 |
45,000 | - | 26,000 | 16,000 | |
Amounts receivable within one year40/41 |
192,977 | 163,467 | 42,735 | 266 | |
Trade receivables40 |
166,359 | 145,812 | 31,904 | - | |
Other amounts receivable41 |
26,618 | 17,655 | 10,831 | 266 | |
Cash at bank and in hand54/58 |
14,168 | 0 | 5,347 | 213 | |
| Balance sheet: equity and liabilities | |||||
Total equity and liabilities10/49 |
252,238 | 163,561 | 74,175 | 16,479 | |
Equity10/15 |
7,101 | 21,259 | 19,857 | 11,711 | |
Contributions10/11 |
12,700 | 12,700 | 12,700 | 12,700 | |
Issued capital100 |
18,600 | 18,600 | 18,600 | 18,600 | |
Uncalled capital101 |
5,900 | 5,900 | 5,900 | 5,900 | |
Reserves13 |
1,270 | 1,270 | 1,270 | - | |
Legal reserve130 |
1,270 | 1,270 | 1,270 | - | |
Profit (loss) carried forward14 |
-6,869 | 7,289 | 5,887 | -989 | |
Amounts payable17/49 |
245,137 | 142,302 | 54,318 | 4,768 | |
Amounts payable within one year42/48 |
245,137 | 142,302 | 54,318 | 4,768 | |
Trade debts44 |
204,517 | 108,815 | 44,412 | 296 | |
Suppliers440/4 |
204,517 | 108,815 | 44,412 | 296 | |
Taxes, remuneration and social security45 |
27,385 | 20,253 | 6,595 | 4,124 | |
Remuneration and social security454/9 |
27,385 | 20,253 | 6,595 | 4,124 | |
Other amounts payable47/48 |
13,234 | 13,234 | 3,311 | 348 | |
| Income statement | |||||
Turnover70 |
359,222 | 485,552 | 168,474 | - | |
Gross operating margin9900 |
2,970 | 46,249 | 17,544 | 580 | |
Goods, raw materials, services and sundry goods60/61 |
401,254 | 413,559 | 160,935 | 15,420 | |
Remuneration, social security and pensions62 |
15,244 | 26,882 | 8,369 | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | - | - | 922 | |
Other operating charges640/8 |
447 | 2,919 | 454 | 648 | |
Operating profit (loss)9901 |
-12,722 | 16,449 | 8,721 | -989 | |
Financial income75/76B |
- | 1 | 0 | - | |
Recurring financial income75 |
- | 1 | 0 | - | |
Financial charges65/66B |
1,437 | 2,118 | 576 | - | |
Recurring financial charges65 |
1,437 | 2,118 | 576 | - | |
Profit (loss) for the period before taxes9903 |
-14,158 | 14,331 | 8,146 | -989 | |
Income taxes67/77 |
- | 2,929 | - | - | |
Profit (loss) for the period9904 |
-14,158 | 11,403 | 8,146 | -989 | |
Profit (loss) for the period to be appropriated9905 |
-14,158 | 11,403 | 8,146 | -989 | |
| Appropriation of the result | |||||
Profit (loss) to be appropriated9906 |
-6,869 | 17,289 | 7,157 | -989 | |
Transfer to equity691/2 |
- | - | 1,270 | - | |
To the legal reserve6920 |
- | - | 1,270 | - | |
Profit to be distributed694/7 |
- | 10,000 | - | - | |
Directors or managers695 |
- | 10,000 | - | - | |
| Social balance sheet | |||||
Average staff (FTE)9087 |
1 | 1 | 0.3 | - | |
Hours worked1013 |
472 | 1,084 | 320 | - | |
| Document | |||||
Source: Annual accounts 2019 (PDF), filed on 22-10-2020.
Filings
each dot is a set of accounts, on the day it reached the National Bank2019 annual accounts filed 83 days after the deadline. Filed on 22 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-62600428.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| EBITDA | - | - | - | -68 | |
| Cash flow | - | - | - | -68 | |
| Investment in fixed assets | - | - | 93 | - | |
| Change in cash | 14,167 | -5,346 | 5,134 | - | |
| Working capital | 7,007 | 21,166 | 19,763 | 11,711 | |
| EBIT margin | -3.5% | 3.4% | 5.2% | - | |
| Solvency | 2.8% | 13.0% | 26.8% | 71.1% | |
| Current ratio | 1.03 | 1.15 | 1.36 | 3.46 | |
| Quick ratio | 0.85 | 1.15 | 0.89 | 0.10 | |
| Debt to equity | 34.52 | 6.69 | 2.74 | 0.41 | |
| ROE | -199.4% | 53.6% | 41.0% | -8.4% | |
| ROA | -5.6% | 7.0% | 11.0% | -6.0% | |
| Customer credit | 169 days | 110 days | 69 days | - | |
| Supplier credit | 186 days | 96 days | 101 days | 7 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on B.A. CONSTRUCT
The operating result for 2019 is a loss of €12,722, after a profit of €16,449 in 2018. It is the lowest result since 2016.
Debt's share of the balance-sheet total rises from 87.0% to 97.2%. Equity is lower and debt is higher.