CSA CONSTRUCT
Open bankruptcyFinancials · financial year 2023, micro format
Equity
€29,043▼ 57.2%
2022 · €67,839
Total assets
€116,927▲ 15.4%
2022 · €101,325
Net result
-€38,796
2022 · €22,656
Working capital
€28,183▼ 60.1%
2022 · €70,580
Trend over the years
2020 to 2023, 4 financial years
The operating result turns negative in 2023: a loss of €38,204 after €31,710 in 2022, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€38,204
2023
Net result-€38,796
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€116,927
2023
Equity€29,043
2023
Debt€87,883
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€28,183
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-33.2%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency24.8%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.35
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Operating result€27,959-€84,653▲ 203%€31,710▼ 62.5%-€38,204
Net result€15,520within the sector's middle half-€58,542above the sector's middle half▲ 277%€22,656within the sector's middle half▼ 61.3%-€38,796below the sector's middle half
Equity€23,520within the sector's middle half-€82,062within the sector's middle half▲ 249%€67,839within the sector's middle half▼ 17.3%€29,043within the sector's middle half▼ 57.2%
Total assets€81,849within the sector's middle half-€207,420within the sector's middle half▲ 153%€101,325within the sector's middle half▼ 51.1%€116,927within the sector's middle half▲ 15.4%
Debt€58,329-€125,357▲ 115%€33,485▼ 73.3%€87,883▲ 162%
Working capital€14,728within the sector's middle half-€88,255above the sector's middle half▲ 499%€70,580within the sector's middle half▼ 20.0%€28,183within the sector's middle half▼ 60.1%
Solvency28.7%within the sector's middle half-39.6%within the sector's middle half▲ 10.8pp67.0%above the sector's middle half▲ 27.4pp24.8%within the sector's middle half▼ 42.1pp
Current ratio1.40within the sector's middle half-1.90within the sector's middle half▲ 0.505.03above the sector's middle half▲ 3.131.35within the sector's middle half▼ 3.69
Return on assets (ROA)19.0%above the sector's middle half-28.2%above the sector's middle half▲ 9.3pp22.4%above the sector's middle half▼ 5.9pp-33.2%below the sector's middle half▼ 55.5pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €116,927
Fixed assets
€7,239 ▼ 45.4%
Current assets
€109,688 ▲ 24.5%
Equity and liabilities €116,927
Equity
€29,043 ▼ 57.2%
Debt
€87,883 ▲ 162%
Debt's share of the balance-sheet total rises from 33.0% to 75.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€32,196▼
2022 · €40,056
Cash flow
-€32,788▼
2022 · €31,002
Debt to equity
3.03▲
2022 · 0.49
ROE
-133.6%▼
2022 · 33.4%
Interest coverage
-54.38▼
2022 · 13.12
Debt ≤ 1 year
€81,504▲
2022 · €17,498
Debt > 1 year
€6,379▼
2022 · €15,987
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,941 | €8,758 | €8,346 | €6,008 | ▼ 28.0% |
| Other operating charges640/8 | - | €2,840 | €1,436 | €133 | ▼ 90.7% |
| Gross operating margin9900 | €36,675 | €96,251 | €41,492 | -€32,063 | ▼ 177% |
| Operating profit (loss)9901 | €27,959 | €84,653 | €31,710 | -€38,204 | ▼ 220% |
| Financial income75/76B | - | €2 | - | - | - |
| Recurring financial income75 | - | €2 | - | - | - |
| Financial charges65/66B | - | €9,710 | €3,054 | €592 | ▼ 80.6% |
| Recurring financial charges65 | €5,992 | €9,710 | €3,054 | €592 | ▼ 80.6% |
| Profit (loss) for the period before taxes9903 | €21,967 | €74,945 | €28,656 | -€38,796 | ▼ 235% |
| Income taxes67/77 | €6,447 | €16,403 | €6,000 | - | - |
| Profit (loss) for the period9904 | €15,520 | €58,542 | €22,656 | -€38,796 | ▼ 271% |
| Profit (loss) for the period to be appropriated9905 | €15,520 | €58,542 | €22,656 | -€38,796 | ▼ 271% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €81,849 | €207,420 | €101,325 | €116,927 | ▲ 15.4% |
| Fixed assets21/28 | €30,351 | €21,593 | €13,247 | €7,239 | ▼ 45.4% |
| Tangible fixed assets22/27 | €30,351 | €21,593 | €13,247 | €7,239 | ▼ 45.4% |
| Furniture and vehicles24 | - | €2,338 | €0 | €0 | - |
| Leasing and similar rights25 | - | €19,255 | €13,247 | €7,239 | ▼ 45.4% |
| Current assets29/58 | €51,498 | €185,827 | €88,078 | €109,688 | ▲ 24.5% |
| Amounts receivable within one year40/41 | €47,798 | €179,231 | €88,078 | €109,513 | ▲ 24.3% |
| Trade receivables40 | - | €109,777 | €87,903 | €109,513 | ▲ 24.6% |
| Other amounts receivable41 | - | €69,455 | €175 | - | - |
| Cash at bank and in hand54/58 | - | - | - | €175 | - |
| Deferred charges and accrued income490/1 | - | €6,595 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €81,849 | €207,420 | €101,325 | €116,927 | ▲ 15.4% |
| Equity10/15 | €23,520 | €82,062 | €67,839 | €29,043 | ▼ 57.2% |
| Contributions10/11 | - | €8,000 | €8,000 | €8,000 | = |
| Capital10 | - | - | - | €8,000 | - |
| Issued capital100 | - | - | - | €8,000 | - |
| Reserves13 | €15,500 | €15,500 | €15,500 | €15,500 | = |
| Non-distributable reserves130/1 | - | - | - | €15,500 | - |
| Legal reserve130 | - | - | - | €15,500 | - |
| Distributable reserves133 | - | €15,500 | €15,500 | - | - |
| Profit (loss) carried forward14 | €20 | €58,562 | €44,339 | €5,543 | ▼ 87.5% |
| Amounts payable17/49 | €58,329 | €125,357 | €33,485 | €87,883 | ▲ 162% |
| Amounts payable after more than one year17 | €21,559 | €27,485 | €15,987 | €6,379 | ▼ 60.1% |
| Financial debts170/4 | - | €27,485 | €15,987 | €6,379 | ▼ 60.1% |
| Amounts payable within one year42/48 | €36,770 | €97,572 | €17,498 | €81,504 | ▲ 366% |
| Current portion of amounts payable after more than one year42 | - | €11,498 | €11,498 | €9,608 | ▼ 16.4% |
| Financial debts43 | - | €54 | - | - | - |
| Credit institutions430/8 | - | €54 | - | - | - |
| Trade debts44 | €16,626 | €62,734 | - | - | - |
| Suppliers440/4 | - | €62,734 | - | - | - |
| Taxes, remuneration and social security45 | - | €23,285 | €6,000 | - | - |
| Taxes450/3 | - | €23,285 | €6,000 | - | - |
| Other amounts payable47/48 | - | - | - | €71,896 | - |
| Accrued charges and deferred income492/3 | - | €300 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,520 | €58,542 | €22,656 | -€38,796 | ▼ 271% |
| + Depreciation and write-downs630 | €7,941 | €8,758 | €8,346 | €6,008 | ▼ 28.0% |
| Operating cash flow (approximation) | €23,461 | €67,301 | €31,002 | -€32,788 | ▼ 206% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 4,006 companies in this sector, figures are known for 1,766. 1,464 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector