CONSTRUCTELMODAL
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-07-2024, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d early
2022
331 d late
2021
484 d late
2020
81 d late
2019
192 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 212 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€38.7m▲ 19.0%
2022 · €32.5m
EBIT margin
9.6%▲ 4.0pp
2022 · 5.6%
Net result
€2.4m▲ 236%
2022 · €720,403
Working capital
-€1.2m▼ 74.1%
2022 · -€690,038
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€20.4m▲ 161%€22.7m▲ 11.2%€28.3m▲ 24.4%€32.5m▲ 15.2%€38.7m▲ 19.0%
Operating result€1.6m▲ 42.1%€1.2m▼ 26.8%€2.5m▲ 112%€1.8m▼ 28.5%€3.7m▲ 106%
Net result€1.1m▲ 45.4%€844,231▼ 24.5%€1.7m▲ 104%€720,403▼ 58.3%€2.4m▲ 236%
EBIT margin8.0%▼ 6.7pp5.2%▼ 2.7pp8.9%▲ 3.7pp5.6%▼ 3.4pp9.6%▲ 4.0pp
Equity€2.4m▲ 88.3%€3.2m▲ 35.4%€5.0m▲ 53.5%€5.7m▲ 14.5%€8.1m▲ 42.7%
Total assets€6.4m▲ 23.7%€15.5m▲ 144%€17.7m▲ 14.0%€17.0m▼ 4.0%€19.0m▲ 11.9%
Debt€4.0m▲ 2.6%€12.3m▲ 210%€12.7m▲ 3.6%€11.3m▼ 11.2%€10.9m▼ 3.5%
Working capital€2.2m▲ 77.5%-€5.8m€432,697-€690,038-€1.2m▼ 74.1%
Staff (FTE)32.6▲ 202%49▲ 50.3%49.3▲ 0.6%51.5▲ 4.5%51.5=
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 106% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €19.0m
Fixed assets
€12.9m ▲ 15.2%
Current assets
€6.1m ▲ 5.5%
Equity and liabilities €19.0m
Equity
€8.1m ▲ 42.7%
Debt
€10.9m ▼ 3.5%
Debt's share of the balance-sheet total falls from 66.6% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.1m▲
2022 · €2.2m
Cash flow
€2.8m▲
2022 · €1.1m
Current ratio
0.84▼
2022 · 0.89
Quick ratio
0.78▼
2022 · 0.83
Debt to equity
1.35▼
2022 · 1.99
ROE
29.9%▲
2022 · 12.7%
ROA
12.7%▲
2022 · 4.2%
Interest coverage
9.68▼
2022 · 11.33
Debt ≤ 1 year
€7.3m▲
2022 · €6.5m
Debt > 1 year
€3.5m▼
2022 · €4.3m
Income taxes
€889,750▲
2022 · €519,549
Staff costs
€3.8m▲
2022 · €3.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €29.5m | €34.4m | €40.6m | ▲ 18.0% |
| Turnover70 | €20.4m | €22.7m | €28.3m | €32.5m | €38.7m | ▲ 19.0% |
| Other operating income74 | - | - | €1.1m | €1.8m | €1.8m | ▼ 0.5% |
| Non-recurring operating income76A | - | - | €94,830 | - | €25 | - |
| Operating charges60/66A | - | - | €26.9m | €32.6m | €36.9m | ▲ 13.1% |
| Goods for resale, raw materials and consumables60 | - | - | €22.0m | €26.3m | €29.7m | ▲ 12.6% |
| Purchases600/8 | - | - | €21.9m | €26.5m | €29.7m | ▲ 11.7% |
| Change in stocks: decrease (increase)609 | - | - | €94,004 | -€203,907 | €12,871 | ▲ 106% |
| Services and other goods61 | - | - | €1.8m | €2.8m | €3.0m | ▲ 5.8% |
| Remuneration, social security and pensions62 | - | - | €2.9m | €3.0m | €3.8m | ▲ 23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,520 | €82,344 | €248,156 | €360,759 | €403,265 | ▲ 11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,037 | - |
| Other operating charges640/8 | - | - | €11,941 | €12,488 | €45,644 | ▲ 265% |
| Non-recurring operating charges66A | - | - | €13,461 | €15,164 | €21,486 | ▲ 41.7% |
| Operating profit (loss)9901 | €1.6m | €1.2m | €2.5m | €1.8m | €3.7m | ▲ 106% |
| Financial income75/76B | - | - | €16,134 | €23,959 | €18,312 | ▼ 23.6% |
| Recurring financial income75 | €55,321 | €32,723 | €16,134 | €23,959 | €18,312 | ▼ 23.6% |
| Income from financial fixed assets750 | - | - | €4,910 | €376 | - | - |
| Other financial income752/9 | - | - | €11,224 | €23,583 | €18,312 | ▼ 22.4% |
| Financial charges65/66B | - | - | €189,032 | €591,360 | €425,782 | ▼ 28.0% |
| Recurring financial charges65 | €64,898 | €81,594 | €176,855 | €591,360 | €425,782 | ▼ 28.0% |
| Debt charges650 | €39,690 | €58,071 | €176,854 | €191,360 | €425,687 | ▲ 122% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €400,000 | - | - |
| Other financial charges652/9 | - | - | €0 | €0 | €95 | ▲ 157,467% |
| Non-recurring financial charges66B | - | - | €12,178 | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.6m | €1.1m | €2.4m | €1.2m | €3.3m | ▲ 167% |
| Income taxes67/77 | €500,149 | €297,387 | €630,000 | €519,549 | €889,750 | ▲ 71.3% |
| Taxes670/3 | - | - | €630,000 | €519,549 | €889,750 | ▲ 71.3% |
| Profit (loss) for the period9904 | €1.1m | €844,231 | €1.7m | €720,403 | €2.4m | ▲ 236% |
| Transfer from tax-exempt reserves789 | - | - | - | €367,500 | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €844,231 | €1.7m | €1.1m | €2.4m | ▲ 123% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.4m | €15.5m | €17.7m | €17.0m | €19.0m | ▲ 11.9% |
| Fixed assets21/28 | €170,625 | €9.0m | €9.8m | €11.2m | €12.9m | ▲ 15.2% |
| Intangible fixed assets21 | €116,196 | €184,723 | €139,400 | €126,739 | €51,051 | ▼ 59.7% |
| Tangible fixed assets22/27 | €53,732 | €37,718 | €839,715 | €917,279 | €951,075 | ▲ 3.7% |
| Land and buildings22 | - | - | €708 | €472 | €236 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | €320,647 | €329,776 | €259,405 | ▼ 21.3% |
| Furniture and vehicles24 | - | - | €27,685 | €38,666 | €31,840 | ▼ 17.7% |
| Leasing and similar rights25 | - | - | €479,176 | €543,586 | €659,219 | ▲ 21.3% |
| Other tangible fixed assets26 | - | - | €11,500 | €4,780 | €375 | ▼ 92.2% |
| Financial fixed assets28 | €697 | €8.8m | €8.8m | €10.1m | €11.9m | ▲ 17.2% |
| Affiliated companies280/1 | - | - | €8.8m | €10.1m | €11.8m | ▲ 17.3% |
| Participating interests280 | - | - | €8.8m | €10.1m | €11.8m | ▲ 17.3% |
| Other financial fixed assets284/8 | - | - | €35,012 | €35,012 | €28,812 | ▼ 17.7% |
| Amounts receivable and cash guarantees285/8 | - | - | €35,012 | €35,012 | €28,812 | ▼ 17.7% |
| Current assets29/58 | €6.2m | €6.5m | €7.9m | €5.8m | €6.1m | ▲ 5.5% |
| Stocks and contracts in progress3 | €1.1m | €306,799 | €212,795 | €416,702 | €403,832 | ▼ 3.1% |
| Stocks30/36 | - | - | €212,795 | €416,702 | €403,832 | ▼ 3.1% |
| Raw materials and consumables30/31 | - | - | €212,795 | €416,702 | €403,832 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €4.1m | €6.2m | €5.3m | €4.5m | €5.0m | ▲ 9.9% |
| Trade receivables40 | - | - | €4.1m | €4.3m | €4.7m | ▲ 9.3% |
| Other amounts receivable41 | - | - | €1.2m | €214,143 | €258,574 | ▲ 20.7% |
| Cash at bank and in hand54/58 | €991,329 | €17,126 | €2.1m | €862,370 | €727,742 | ▼ 15.6% |
| Deferred charges and accrued income490/1 | - | - | €308,006 | €12,836 | €32,395 | ▲ 152% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.4m | €15.5m | €17.7m | €17.0m | €19.0m | ▲ 11.9% |
| Equity10/15 | €2.4m | €3.2m | €5.0m | €5.7m | €8.1m | ▲ 42.7% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | - | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | - | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €375,000 | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Non-distributable reserves130/1 | - | - | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | - | - | €7,500 | €7,500 | €7,500 | = |
| Tax-exempt reserves132 | - | - | €367,500 | - | - | - |
| Distributable reserves133 | - | - | €2.8m | €3.1m | €3.1m | = |
| Profit (loss) carried forward14 | €1.9m | €815,193 | €1.7m | €2.4m | €4.9m | ▲ 99.0% |
| Amounts payable17/49 | €4.0m | €12.3m | €12.7m | €11.3m | €10.9m | ▼ 3.5% |
| Amounts payable after more than one year17 | - | - | €5.2m | €4.3m | €3.5m | ▼ 20.4% |
| Financial debts170/4 | - | - | €5.2m | €4.3m | €3.5m | ▼ 20.4% |
| Leasing and similar obligations172 | - | - | €352,839 | €360,080 | €384,541 | ▲ 6.8% |
| Credit institutions173 | - | - | €4.9m | €4.0m | €3.1m | ▼ 22.8% |
| Amounts payable within one year42/48 | €4.0m | €12.3m | €7.5m | €6.5m | €7.3m | ▲ 12.8% |
| Current portion of amounts payable after more than one year42 | - | - | €1.0m | €1.1m | €1.2m | ▲ 8.3% |
| Trade debts44 | €2.9m | €5.2m | €4.9m | €4.1m | €4.4m | ▲ 6.9% |
| Suppliers440/4 | - | - | €4.9m | €4.1m | €4.4m | ▲ 6.9% |
| Taxes, remuneration and social security45 | - | - | €621,170 | €682,931 | €721,473 | ▲ 5.6% |
| Taxes450/3 | - | - | €266,719 | €308,184 | €294,649 | ▼ 4.4% |
| Remuneration and social security454/9 | - | - | €354,451 | €374,746 | €426,824 | ▲ 13.9% |
| Other amounts payable47/48 | - | - | €980,041 | €665,167 | €1.1m | ▲ 63.2% |
| Accrued charges and deferred income492/3 | - | - | €33,201 | €451,136 | €103,565 | ▼ 77.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €844,231 | €1.7m | €720,403 | €2.4m | ▲ 236% |
| + Depreciation and write-downs630 | €29,520 | €82,344 | €248,156 | €360,759 | €403,265 | ▲ 11.8% |
| Operating cash flow (approximation) | €1.1m | €926,574 | €2.0m | €1.1m | €2.8m | ▲ 161% |
| Investment in fixed assets (approximation) | - | -€8.9m | -€1.0m | -€1.7m | -€2.1m | ▼ 21.1% |
| Change in cash | - | -€974,203 | €2.1m | -€1.3m | -€134,628 | ▲ 89.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 331 days late
2023
31-12
Financial
Highest result since 2018net €2.4m ▲236%
Operating result €3.7m, net result €2.4m, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 484 days late
2022
31-12
Financial
Weakest financial yearnet €720,403 ▼58.3%
Net result drops to €720,403, the lowest in the series.
31-12
Financial
Equity above €5mEq €5.7m ▲14.5%
5 profitable years in a row build equity to €5.7m.
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 81 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 192 days late
2019
31-12
Financial
Equity above €2mEq €2.4m ▲88.3%
2 profitable years in a row build equity to €2.4m.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 57 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
17-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 owner · 2 holdingsOwners 1
- Groupe Constructel SAFRparentSourceown accounts 2023100%
Holdings 2
-
100%
-
90%
According to the 2023 annual accounts of CONSTRUCTELMODAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.