Brook-Clean Construct
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 59 days after the deadline Filed on 28 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00469815.
Annual accounts 2022 filed on 28-09-2023 PDF all 8 filings
Turnover
€300,614
EBIT margin
-25.6%
Net result
€42,701▲ 92.7%
2021 · €22,164
Working capital
€80,908▼ 66.5%
2021 · €241,222
Multi-year overview
2018 to 2022, 5 financial yearsTurnover
no figure
2022
20182022
Operating result
€53,116
▲ 127%
2022
20182022
Net result
€42,701
▲ 92.7%
2022
highest quarter of the sector
20182022
EBIT margin
no figure
2022
20182022
Equity
€90,830
▲ 88.7%
2022
middle half of the sector
20182022
Total assets
€190,990
▼ 51.4%
2022
middle half of the sector
20182022
Debt
€100,159
▼ 70.9%
2022
20182022
Working capital
€80,908
▼ 66.5%
2022
highest quarter of the sector
20182022
Solvency
47.6%
▲ 35.3pp
2022
middle half of the sector
20182022
Current ratio
1.81
▼ 0.99
2022
middle half of the sector
20182022
Return on assets (ROA)
22.4%
▲ 16.7pp
2022
highest quarter of the sector
20182022
Staff (FTE)
no figure
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€300,614
Operating result€13,249-€18,823▲ 42.1%-€76,967€23,358€53,116▲ 127%
Net result€9,810-€13,677▲ 39.4%-€78,196below the sector's middle half€22,164within the sector's middle half€42,701above the sector's middle half▲ 92.7%
EBIT margin-25.6%
Equity€90,484-€104,162▲ 15.1%€25,966within the sector's middle half▼ 75.1%€48,129within the sector's middle half▲ 85.4%€90,830within the sector's middle half▲ 88.7%
Total assets€141,037-€567,780▲ 303%€440,829above the sector's middle half▼ 22.4%€392,789above the sector's middle half▼ 10.9%€190,990within the sector's middle half▼ 51.4%
Debt€50,552-€463,618▲ 817%€414,863▼ 10.5%€344,659▼ 16.9%€100,159▼ 70.9%
Working capital€82,996-€286,875▲ 246%€215,210above the sector's middle half▼ 25.0%€241,222above the sector's middle half▲ 12.1%€80,908above the sector's middle half▼ 66.5%
Solvency64.2%-18.3%▼ 45.8pp5.9%below the sector's middle half▼ 12.5pp12.3%below the sector's middle half▲ 6.4pp47.6%within the sector's middle half▲ 35.3pp
Current ratio2.64-2.13▼ 0.512.05within the sector's middle half▼ 0.082.80above the sector's middle half▲ 0.751.81within the sector's middle half▼ 0.99
Return on assets (ROA)7.0%-2.4%▼ 4.5pp-17.7%below the sector's middle half▼ 20.1pp5.6%within the sector's middle half▲ 23.4pp22.4%above the sector's middle half▲ 16.7pp
Staff (FTE)1.8
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 127% higher than in 2021 and the highest since 2018. It is the second rise in a row, after the fall in 2020.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €190,990
Fixed assets
€9,923 ▼ 43.9%
Current assets
€181,067 ▼ 51.7%
Equity and liabilities €190,990
Equity
€90,830 ▲ 88.7%
Debt
€100,159 ▼ 70.9%
Debt's share of the balance-sheet total falls from 87.7% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,871▲
2021 · €31,147
Cash flow
€50,456▲
2021 · €29,952
Quick ratio
0.58▼
2021 · 2.16
Debt to equity
1.10▼
2021 · 7.16
ROE
47.0%▲
2021 · 46.1%
Interest coverage
26.34▲
2021 · 20.72
Debt ≤ 1 year
€100,159▼
2021 · €133,890
Income taxes
€8,163▲
2021 · -€309
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 1.5 |
| Average over the year, in full-time equivalents | 1.8 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2020 | 2021 | 2022 |
|---|---|---|---|
| Tangible fixed assets | €550 | €4,710 | - |
| Depreciation and write-downs of the year | €7,081 | €7,789 | €7,755 |
Source: notes to the 2020 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €300,614 | - | - | - |
| Non-recurring operating income76A | - | - | €0 | €14,508 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €339,215 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €29,873 | €19,644 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,730 | €4,621 | €7,081 | €7,789 | €7,755 | ▼ 0.4% |
| Other operating charges640/8 | - | - | €1,413 | €2,292 | €5,771 | ▲ 152% |
| Non-recurring operating charges66A | - | - | €0 | €0 | - | - |
| Gross operating margin9900 | €26,827 | €55,395 | -€38,600 | €53,083 | €66,642 | ▲ 25.5% |
| Operating profit (loss)9901 | €13,249 | €18,823 | -€76,967 | €23,358 | €53,116 | ▲ 127% |
| Financial income75/76B | - | - | €233 | €0 | €59 | ▲ 246× |
| Recurring financial income75 | - | - | €233 | €0 | €59 | ▲ 246× |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €467 | €1,503 | €2,311 | ▲ 53.7% |
| Recurring financial charges65 | €83 | €421 | €467 | €1,503 | €2,311 | ▲ 53.7% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €13,166 | €18,402 | -€77,201 | €21,855 | €50,864 | ▲ 133% |
| Income taxes67/77 | €3,356 | €4,725 | €995 | -€309 | €8,163 | - |
| Profit (loss) for the period9904 | €9,810 | €13,677 | -€78,196 | €22,164 | €42,701 | ▲ 92.7% |
| Profit (loss) for the period to be appropriated9905 | €9,810 | €13,677 | -€78,196 | €22,164 | €42,701 | ▲ 92.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141,037 | €567,780 | €440,829 | €392,789 | €190,990 | ▼ 51.4% |
| Fixed assets21/28 | €7,489 | €27,286 | €20,756 | €17,678 | €9,923 | ▼ 43.9% |
| Tangible fixed assets22/27 | €7,489 | €27,286 | €20,756 | €17,678 | €9,923 | ▼ 43.9% |
| Plant, machinery and equipment23 | - | - | €2,613 | €984 | - | - |
| Furniture and vehicles24 | - | - | €18,144 | €16,693 | €9,923 | ▼ 40.6% |
| Current assets29/58 | €133,548 | €540,493 | €420,073 | €375,111 | €181,067 | ▼ 51.7% |
| Amounts receivable after more than one year29 | - | - | €63,126 | €63,126 | €48,000 | ▼ 24.0% |
| Trade receivables290 | - | - | €63,126 | €63,126 | €48,000 | ▼ 24.0% |
| Stocks and contracts in progress3 | - | - | €30,000 | €85,500 | €123,265 | ▲ 44.2% |
| Stocks30/36 | - | - | €30,000 | €85,500 | €123,265 | ▲ 44.2% |
| Amounts receivable within one year40/41 | €115,591 | €442,217 | €311,450 | €219,129 | €7,693 | ▼ 96.5% |
| Trade receivables40 | - | - | €233,251 | €154,299 | - | - |
| Other amounts receivable41 | - | - | €78,199 | €64,830 | €7,693 | ▼ 88.1% |
| Cash at bank and in hand54/58 | €6,669 | €86,989 | €9,019 | €7,356 | €1,007 | ▼ 86.3% |
| Deferred charges and accrued income490/1 | - | - | €6,478 | - | €1,102 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141,037 | €567,780 | €440,829 | €392,789 | €190,990 | ▼ 51.4% |
| Equity10/15 | €90,484 | €104,162 | €25,966 | €48,129 | €90,830 | ▲ 88.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Reserves13 | €16,011 | €16,011 | €16,011 | €16,011 | €16,011 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €14,151 | €14,151 | €14,151 | = |
| Profit (loss) carried forward14 | €55,874 | €69,551 | -€8,645 | €13,519 | €56,220 | ▲ 316% |
| Amounts payable17/49 | €50,552 | €463,618 | €414,863 | €344,659 | €100,159 | ▼ 70.9% |
| Amounts payable after more than one year17 | - | €210,000 | €210,000 | €210,000 | - | - |
| Other amounts payable178/9 | - | - | €210,000 | €210,000 | - | - |
| Amounts payable within one year42/48 | €50,552 | €253,618 | €204,863 | €133,890 | €100,159 | ▼ 25.2% |
| Financial debts43 | - | - | €1,542 | €1,542 | €2,969 | ▲ 92.6% |
| Credit institutions430/8 | - | - | €1,542 | €1,542 | €2,969 | ▲ 92.6% |
| Trade debts44 | €38,774 | €225,478 | €142,339 | €97,857 | €72,593 | ▼ 25.8% |
| Suppliers440/4 | - | - | €142,339 | €97,857 | €51,963 | ▼ 46.9% |
| Bills of exchange payable441 | - | - | - | - | €20,631 | - |
| Advances received on contracts in progress46 | - | - | €35,908 | €14,093 | €14,093 | = |
| Taxes, remuneration and social security45 | - | - | €25,075 | €20,398 | €10,504 | ▼ 48.5% |
| Taxes450/3 | - | - | €6,461 | €17,888 | €10,504 | ▼ 41.3% |
| Remuneration and social security454/9 | - | - | €18,614 | €2,509 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €770 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,810 | €13,677 | -€78,196 | €22,164 | €42,701 | ▲ 92.7% |
| + Depreciation and write-downs630 | €1,730 | €4,621 | €7,081 | €7,789 | €7,755 | ▼ 0.4% |
| Operating cash flow (approximation) | €11,540 | €18,298 | -€71,115 | €29,952 | €50,456 | ▲ 68.5% |
| Investment in fixed assets (approximation) | - | -€24,419 | -€550 | -€4,710 | €0 | - |
| Change in cash | - | €80,320 | -€77,970 | -€1,663 | -€6,348 | ▼ 282% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 28-09-2023 | 2023-00469815 | |
| 31-12-2021 | micro format | 17-11-2022 | 2022-20524497 | |
| 31-12-2020 | micro format | 29-07-2022 | 2022-20268352 | |
| 31-12-2019 | micro format | 23-11-2020 | 2020-71400569 | |
| 31-12-2018 | micro format | 07-08-2019 | 2019-44300337 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-54300035 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-57800491 | |
| 31-12-2015 | full format | 27-09-2016 | 2016-62600291 |