CAB-CONSTRUCT

In bankruptcy Public limited companyfounded 2002Nijverheidslaan 1500, 3660 OudsbergenKBO/BCE: BE 0476.560.208

CAB-CONSTRUCT

Financial year 2016

Follow Report

Annual accounts 2016

abbreviated format, filed on 16-05-2017, 105 days late

Gross margin

€22,365

▼ 81.5%

Operating result

-€203,040

▲ €86,849

EBITDA

-€3,243

▲ €78,954

Cash flow

-€12,473

▼ €119,744

Solvency

-1.2%

▼ 8.2 percentage points

Current ratio

1.06

▲ 0.02

Money flows

no detail for 2016

Balance sheet

balance sheet total €2.4m on 30-06-2016

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE€9,097

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	2.4m	2.6m	2.7m	3.0m	3.6m	4.0m	3.1m	2.5m	2.5m	2.2m
Formation expenses`20`	56,599	92,242	124,301	23,105	30,806	-	-	-	-	-
Fixed assets`21/28`	-	1.5m	1.8m	1.9m	2.2m	2.3m	1.3m	856,508	766,572	768,935
Intangible fixed assets`21`	-	0	0	-	-	171	8	2,047	11,144	11,433
Tangible fixed assets`22/27`	1.2m	1.4m	1.7m	1.9m	2.2m	2.3m	1.3m	854,061	755,028	757,502
Land and buildings`22`	1.2m	1.3m	1.6m	1.8m	2.0m	2.1m	1.1m	628,206	665,667	617,741
Plant, machinery and equipment`23`	1,947	12,734	35,772	55,846	91,212	126,354	116,281	144,964	19,432	15,908
Furniture and vehicles`24`	-	16,204	270	3,583	37,561	65,340	97,488	74,030	59,637	105,122
Other tangible fixed assets`26`	-	-	0	-	-	-	-	-	-	-
Assets under construction and advance payments`27`	-	-	0	-	-	-	-	-	-	-
Financial fixed assets`28`	478	478	400	400	400	400	400	400	400	-
Current assets`29/58`	1.1m	1.2m	910,176	1.1m	1.4m	1.7m	1.8m	1.7m	1.7m	1.5m
Trade receivables`290`	-	-	0	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	0	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	74,125	74,142	203,240	292,436	490,837	387,092	294,030	86,706	364,068	232,374
Stocks`30/36`	74,125	74,142	203,240	202,268	219,755	-	-	-	-	-
Contracts in progress`37`	-	-	0	90,169	271,082	387,092	294,030	86,706	364,068	232,374
Amounts receivable within one year`40/41`	950,003	1.1m	680,016	791,347	814,831	1.2m	1.1m	1.3m	1.3m	1.0m
Trade receivables`40`	855,496	1.0m	600,144	757,078	746,510	1.1m	1.0m	1.1m	1.0m	837,468
Other amounts receivable`41`	94,507	72,444	79,872	34,269	68,320	67,229	125,754	126,020	225,249	199,054
Current investments`50/53`	-	-	0	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	3,032	25	18,347	162	91,665	86,522	398,770	300,633	103,225	188,771
Deferred charges and accrued income`490/1`	81,175	8,272	8,573	3,449	20,942	2,562	8,269	535	37	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.4m	2.6m	2.7m	3.0m	3.6m	4.0m	3.1m	2.5m	2.5m	2.2m
Equity`10/15`	-27,857	184,412	284,833	-124,880	148,050	150,690	294,610	249,040	215,271	85,494
Contributions`10/11`	-	461,472	461,472	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Capital`10`	461,472	-	-	-	-	-	-	-	-	-
Issued capital`100`	524,472	524,472	524,472	125,000	125,000	125,000	125,000	125,000	125,000	125,000
Uncalled capital`101`	63,000	63,000	63,000	63,000	63,000	63,000	63,000	63,000	63,000	63,000
Contributions outside capital`11`	-	-	0	-	-	-	-	-	-	-
Share premium`1100/10`	-	-	0	-	-	-	-	-	-	-
Revaluation surpluses`12`	-	-	0	-	-	-	-	-	-	-
Reserves`13`	276,301	276,300	276,300	72,501	72,501	73,205	215,189	187,040	153,271	23,494
Legal reserve`130`	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500
Own shares acquired`1312`	-	-	0	-	-	-	-	-	-	-
Other`1319`	-	-	0	-	-	-	-	-	-	-
Tax-exempt reserves`132`	203,800	203,799	203,799	-	-	-	-	-	-	-
Distributable reserves`133`	60,001	60,001	60,001	60,001	60,001	60,705	202,689	174,540	140,771	10,994
Profit (loss) carried forward`14`	-765,630	-553,360	-452,939	-259,381	-	-	-	-	-	-
Investment grants`15`	-	-	0	-	13,550	15,485	17,421	-	-	-
Advance to shareholders on the distribution of net assets`19`	-	-	0	-	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	0	-	-	-	-	-	-	-
Deferred taxes`168`	-	-	0	-	-	-	-	-	-	-
Amounts payable`17/49`	2.4m	2.4m	2.4m	3.1m	3.5m	3.8m	2.8m	2.3m	2.3m	2.1m
Amounts payable after more than one year`17`	1.3m	1.3m	1.4m	1.2m	1.3m	1.2m	452,677	523,281	467,640	538,967
Financial debts`170/4`	1.3m	1.3m	1.4m	1.2m	1.3m	1.2m	452,677	523,281	467,640	538,967
Trade debts`175`	-	-	0	-	-	-	-	-	-	-
Advances received on contracts in progress`176`	-	-	0	-	-	-	-	-	-	-
Other amounts payable`178/9`	-	-	0	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	1.0m	1.1m	1.0m	2.0m	2.1m	2.6m	2.4m	1.7m	1.8m	1.6m
Current portion of amounts payable after more than one year`42`	116,318	116,318	84,773	190,151	203,770	192,877	112,275	83,025	88,410	85,098
Financial debts`43`	507,939	472,305	452,500	629,850	520,959	551,780	636,435	346,659	350,000	1,684
Credit institutions`430/8`	507,939	472,305	452,500	629,850	520,959	551,780	636,435	346,659	350,000	1,684
Other loans`439`	-	-	0	-	-	-	-	-	-	-
Trade debts`44`	303,477	365,732	361,120	424,774	595,074	1.1m	1.5m	852,546	1.2m	1.4m
Suppliers`440/4`	303,477	365,732	361,120	424,774	595,074	1.1m	1.5m	852,546	1.2m	1.4m
Bills of exchange payable`441`	-	-	0	-	-	-	-	-	-	-
Advances received on contracts in progress`46`	-	-	0	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	67,307	112,748	93,002	222,661	272,869	170,504	132,473	131,591	131,112	60,449
Taxes`450/3`	165	14,700	3,995	22,716	13,725	25,298	22,248	23,468	37,684	20,193
Remuneration and social security`454/9`	67,142	98,048	89,007	199,945	259,144	145,206	110,226	108,123	93,428	40,256
Other amounts payable`47/48`	52,733	62,086	32,126	513,347	508,482	528,751	8,453	307,982	71,530	61,861
Accrued charges and deferred income`492/3`	16,434	1,049	3,837	1,219	23,209	21,412	18,971	19,444	3,375	30,000
Income statement
Turnover`70`	-	497,992	966,377	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	287,510	211,946	150,928	63,717	10,345	1,000	1,252	13,987	6,134
Gross operating margin`9900`	22,365	121,152	379,710	478,396	1.0m	1.0m	1.1m	1.4m	1.3m	791,093
Goods, raw materials, services and sundry goods`60/61`	-	376,840	586,666	-	-	-	-	-	-	-
Remuneration, social security and pensions`62`	16,374	91,967	242,069	457,879	650,192	828,509	768,503	895,956	957,198	598,677
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	199,797	207,692	244,146	225,097	252,074	278,904	189,368	140,061	161,909	146,323
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	105,011	-25,000	92,500	-	-	-	-11,435	-	11,435
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	0	-	-	-	-	-	-	-
Other operating charges`640/8`	9,234	6,371	16,915	35,481	18,981	20,895	12,061	18,846	23,404	7,469
Operating charges capitalised as restructuring costs`649`	-	-	0	-	-	-	-	-	-	-
Non-recurring operating charges`66A`	-	0	0	75	10,075	2,562	15,771	680	14,125	2,443
Operating profit (loss)`9901`	-203,040	-289,889	-98,419	-332,561	82,326	-101,178	93,866	361,940	162,549	27,188
Financial income`75/76B`	-	3,926	6,292	47,365	8,952	17,338	9,228	20,653	68,411	5,527
Recurring financial income`75`	288	3,926	6,292	47,365	8,952	17,338	9,228	20,653	68,411	5,527
Financial charges`65/66B`	-	101,969	109,577	125,038	141,647	65,928	58,532	68,596	56,637	20,204
Recurring financial charges`65`	23,312	101,969	109,577	125,038	141,647	65,928	58,532	68,596	56,637	20,204
Profit (loss) for the period before taxes`9903`	-212,270	-100,421	10,241	-259,381	3,273	-141,984	29,791	314,569	174,185	16,202
Income taxes`67/77`	-	0	0	-	3,977	-	1,642	30,800	56,488	7,179
Profit (loss) for the period`9904`	-212,270	-100,421	10,241	-259,381	-704	-141,984	28,149	283,769	117,698	9,023
Transfer from tax-exempt reserves`789`	-	0	0	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	0	203,799	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-212,270	-100,421	-193,558	-259,381	-704	-141,984	28,149	283,769	117,698	9,023
Appropriation of the result
Profit (loss) to be appropriated`9906`	-765,630	-553,360	-452,939	-259,381	-704	-141,984	28,149	283,769	117,698	9,023
Profit (loss) brought forward from the previous period`14P`	-553,360	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	704	141,984	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	28,149	33,769	117,698	9,023
To other reserves`6921`	-	-	-	-	-	-	28,149	33,769	117,698	9,023
Profit to be distributed`694/7`	-	-	-	-	-	-	-	250,000	-	-
Directors or managers`695`	-	-	-	-	-	-	-	250,000	-	-
Social balance sheet
Average staff (FTE)`9087`	1.8	3	7.4	8.8	19.4	20.7	19	23.3	23.4	16.3
Hours worked`1013`	-	2,341	7,840	8,689	49,576	28,142	25,868	32,401	35,086	24,555
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 5 older financial years (2002-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 26 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2016 (PDF), filed on 16-05-2017.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2016 annual accounts filed 105 days after the deadline. Filed on 16 May 2017, deadline 31 January 2017 (7 months after the close on 30 June 2016, Companies Code art. 3:10). Source: NBB, 2017-12300414.

Financial year	Type	Filed	Reference	Document
30-06-2016	abbreviated format	16-05-2017	2017-12300414	PDF
30-06-2015	abbreviated format	13-03-2017	2017-06200590	PDF
30-06-2014	abbreviated format	09-04-2015	2015-09500395	PDF
30-06-2013	abbreviated format	20-02-2014	2014-04200408	PDF
30-06-2012	abbreviated format	13-02-2013	2013-03300017	PDF
30-06-2011	abbreviated format	14-02-2012	2012-03100257	PDF
30-06-2010	abbreviated format	01-02-2011	2011-02300324	PDF
30-06-2009	abbreviated format	10-02-2010	2010-03900046	PDF
30-06-2008	abbreviated format	17-02-2009	2009-04600312	PDF
30-06-2007	abbreviated format	13-02-2008	2008-04200235	PDF
30-06-2006	abbreviated format	23-01-2007	2007-02301745	PDF
30-06-2005	abbreviated format	31-01-2006	2006-04000804	PDF
30-06-2004	abbreviated format	26-01-2005	2005-03001859	PDF
30-06-2003	abbreviated format	03-02-2004	2004-03801087	PDF
30-06-2002	abbreviated format	11-02-2003	2003-04300362	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	-3,243	-82,197	145,726	-107,464	334,400	177,727	283,234	502,000	324,458	173,511
Cash flow	-12,473	107,271	254,387	-34,285	251,370	136,920	217,517	423,830	279,606	155,346
Investment in fixed assets (approximation)	-12,056	1,012	2,755	6,585	129,452	1.3m	621,233	261,046	161,520	619,300
Change in cash	3,007	-18,322	18,185	-91,503	5,144	-312,249	98,137	197,408	-85,545	-
Working capital	60,561	45,592	-113,345	-893,388	-682,879	-940,588	-522,116	-64,744	-80,287	-114,474
EBIT margin	-	-58.2%	-10.2%	-	-	-	-	-	-	-
Solvency	-1.2%	7.0%	10.5%	-4.1%	4.1%	3.8%	9.5%	9.9%	8.6%	3.8%
Current ratio	1.06	1.04	0.89	0.55	0.67	0.64	0.78	0.96	0.96	0.93
Quick ratio	0.99	0.97	0.69	0.40	0.44	0.49	0.65	0.91	0.76	0.78
Debt to equity	-	13.27	8.53	-	23.34	25.45	9.58	9.09	10.63	25.04
ROE	-	-54.5%	3.6%	-	-0.5%	-94.2%	9.6%	113.9%	54.7%	10.6%
ROA	-9.0%	-3.8%	0.4%	-8.6%	0.0%	-3.6%	0.9%	11.3%	4.7%	0.4%
Interest coverage	-0.14	-	-	-	-	-	-	-	-	-
Customer credit	-	748 days	227 days	-	-	-	-	-	-	-
Supplier credit	-	354 days	225 days	-	-	-	-	-	-	-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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 CAB-CONSTRUCT

The operating result for 2016 is a loss of €203,040, smaller than the loss of €289,889 in 2015.

Equity is negative. Debt (€2.4m) exceeds the balance-sheet total (€2.4m).