BG CONSTRUCT
Open bankruptcyFinancials · financial year 2022, micro format
Turnover
€39,226▼ 7.9%
2021 · €42,597
EBIT margin
-32.0%▲ 40.5pp
2021 · -72.6%
Net result
-€13,468▲ 56.7%
2021 · -€31,073
Working capital
-€11,950
2021 · €1,837
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result stays negative: a loss of €12,566 in 2022 against €30,917 in 2021; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€39,226
2022
Operating result-€12,566
2022
Net result-€13,468
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€14,553
2022
Equity-€7,852
2022
Debt€22,405
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€11,950
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-32.0%
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€36,048-€58,569▲ 62.5%€101,608▲ 73.5%€42,597▼ 58.1%€39,226▼ 7.9%
Operating result€1,233-€14,438▲ 1,071%€12,896▼ 10.7%-€30,917-€12,566▲ 59.4%
Net result€921-€13,933▲ 1,413%€11,526▼ 17.3%-€31,073-€13,468▲ 56.7%
EBIT margin3.4%-24.7%▲ 21.2pp12.7%▼ 12.0pp-72.6%▼ 85.3pp-32.0%▲ 40.5pp
Equity€11,223-€25,156▲ 124%€36,682▲ 45.8%€5,608▼ 84.7%-€7,852
Total assets€13,573-€27,644▲ 104%€55,823▲ 102%€21,934▼ 60.7%€14,553▼ 33.7%
Debt€2,350-€2,488▲ 5.9%€19,141▲ 669%€16,326▼ 14.7%€22,405▲ 37.2%
Working capital€12,482-€24,672▲ 97.7%€32,892▲ 33.3%€1,837▼ 94.4%-€11,950
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €14,553
Fixed assets
€8,866 ▼ 29.4%
Current assets
€5,687 ▼ 39.4%
Equity and liabilities
Equity-€7,852
Debt€22,405
Equity is negative: debt (€22,405) exceeds the balance-sheet total (€14,553).
Key figures and ratios
EBITDA
-€8,882▲
2021 · -€27,233
Cash flow
-€9,784▲
2021 · -€27,389
Solvency
-54.0%▼
2021 · 25.6%
Current ratio
0.32▼
2021 · 1.24
ROA
-92.5%▲
2021 · -141.7%
Interest coverage
-9.85▲
2021 · -155.16
Debt ≤ 1 year
€17,637▲
2021 · €7,547
Debt > 1 year
€4,768▼
2021 · €8,778
Staff costs
€16,021▲
2021 · €4,440
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 | €36,048 | €58,569 | €101,608 | €42,597 | €39,226 | ▼ 7.9% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €64,678 | €31,573 | ▼ 51.2% |
| Remuneration, social security and pensions62 | - | - | - | €4,440 | €16,021 | ▲ 261% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2,919 | €3,684 | €3,684 | = |
| Other operating charges640/8 | - | - | - | €1,500 | €600 | ▼ 60.0% |
| Non-recurring operating charges66A | - | - | - | €297 | €281 | ▼ 5.3% |
| Gross operating margin9900 | €1,633 | €20,032 | €27,850 | -€20,996 | €8,020 | - |
| Operating profit (loss)9901 | €1,233 | €14,438 | €12,896 | -€30,917 | -€12,566 | ▲ 59.4% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 62.5% |
| Recurring financial income75 | - | €4 | €10 | €0 | €0 | ▼ 62.5% |
| Financial charges65/66B | - | - | - | €176 | €902 | ▲ 414% |
| Recurring financial charges65 | €312 | €509 | €473 | €176 | €902 | ▲ 414% |
| Profit (loss) for the period before taxes9903 | €921 | €13,933 | €12,433 | -€31,093 | -€13,468 | ▲ 56.7% |
| Income taxes67/77 | - | - | €908 | -€20 | - | - |
| Profit (loss) for the period9904 | €921 | €13,933 | €11,526 | -€31,073 | -€13,468 | ▲ 56.7% |
| Profit (loss) for the period to be appropriated9905 | €921 | €13,933 | €11,526 | -€31,073 | -€13,468 | ▲ 56.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,573 | €27,644 | €55,823 | €21,934 | €14,553 | ▼ 33.7% |
| Fixed assets21/28 | €224 | €484 | €15,984 | €12,550 | €8,866 | ▼ 29.4% |
| Tangible fixed assets22/27 | €0 | €0 | €15,501 | €11,817 | €8,133 | ▼ 31.2% |
| Furniture and vehicles24 | - | - | - | €11,817 | €8,133 | ▼ 31.2% |
| Financial fixed assets28 | €224 | €484 | €484 | €734 | €734 | = |
| Current assets29/58 | €13,350 | €27,160 | €39,839 | €9,384 | €5,687 | ▼ 39.4% |
| Amounts receivable within one year40/41 | €13,350 | €26,970 | €30,198 | €8,021 | €5,518 | ▼ 31.2% |
| Trade receivables40 | - | - | - | - | €5,518 | - |
| Other amounts receivable41 | - | - | - | €8,021 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | - | €190 | €9,100 | €1,363 | €168 | ▼ 87.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,573 | €27,644 | €55,823 | €21,934 | €14,553 | ▼ 33.7% |
| Equity10/15 | €11,223 | €25,156 | €36,682 | €5,608 | -€7,852 | - |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,600 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€9,228 | €4,705 | €16,230 | -€14,843 | -€28,311 | ▼ 90.7% |
| Amounts payable17/49 | €2,350 | €2,488 | €19,141 | €16,326 | €22,405 | ▲ 37.2% |
| Amounts payable after more than one year17 | - | - | €12,195 | €8,778 | €4,768 | ▼ 45.7% |
| Financial debts170/4 | - | - | - | €8,778 | €4,768 | ▼ 45.7% |
| Amounts payable within one year42/48 | €868 | €2,488 | €6,947 | €7,547 | €17,637 | ▲ 134% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,416 | €4,010 | ▲ 17.4% |
| Trade debts44 | €868 | €1,578 | €1,908 | €1,407 | €5,276 | ▲ 275% |
| Suppliers440/4 | - | - | - | €1,407 | €5,276 | ▲ 275% |
| Taxes, remuneration and social security45 | - | - | - | €1,452 | €1,232 | ▼ 15.2% |
| Taxes450/3 | - | - | - | €1,452 | €316 | ▼ 78.2% |
| Remuneration and social security454/9 | - | - | - | €0 | €915 | - |
| Other amounts payable47/48 | - | - | - | €1,272 | €7,119 | ▲ 460% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €921 | €13,933 | €11,526 | -€31,073 | -€13,468 | ▲ 56.7% |
| + Depreciation and write-downs630 | - | - | €2,919 | €3,684 | €3,684 | = |
| Operating cash flow (approximation) | €921 | €13,933 | €14,444 | -€27,389 | -€9,784 | ▲ 64.3% |
| Investment in fixed assets (approximation) | - | -€260 | -€18,420 | -€250 | €0 | - |
| Change in cash | - | - | €8,910 | -€7,737 | -€1,195 | ▲ 84.6% |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 31-07-2023 | 2023-00291746 |
| 31-12-2021 | micro format | 30-07-2022 | 2022-20251643 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-65000519 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-48700322 |
| 31-12-2018 | micro format | 02-08-2019 | 2019-43500190 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-60200035 |
| 31-12-2016 | micro format | 08-12-2017 | 2017-71400358 |
| 31-12-2015 | full format | 27-09-2016 | 2016-62100504 |
| 31-12-2014 | full format | 29-07-2016 | 2016-38600479 |
| 31-12-2013 | full format | 10-06-2014 | 2014-16400539 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.