Dakconcept
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 30-04-2024 PDF all 7 filings
Turnover
≈ €270,000
Estimated: probably between €170,000 and €360,000
Total assets
€319,668▲ 23.2%
2022 · €259,523
Net result
€37,083▼ 14.8%
2022 · €43,543
Working capital
€237,813▲ 38.6%
2022 · €171,618
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€46,349
▲ 8.3%
2023
20192023
Net result
€37,083
▼ 14.8%
2023
highest quarter of the sector
20192023
Equity
€194,865
▲ 23.5%
2023
highest quarter of the sector
20192023
Total assets
€319,668
▲ 23.2%
2023
highest quarter of the sector
20192023
Debt
€124,804
▲ 22.7%
2023
20192023
Working capital
€237,813
▲ 38.6%
2023
highest quarter of the sector
20192023
Solvency
61.0%
▲ 0.2pp
2023
middle half of the sector
20192023
Current ratio
4.00
▲ 1.05
2023
highest quarter of the sector
20192023
Return on assets (ROA)
11.6%
▼ 5.2pp
2023
middle half of the sector
20192023
Staff (FTE)
no figure
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€93,597-€42,855€20,210▼ 52.8%€42,815▲ 112%€46,349▲ 8.3%
Net result-€115,852-€60,289above the sector's middle half€8,206within the sector's middle half▼ 86.4%€43,543above the sector's middle half▲ 431%€37,083above the sector's middle half▼ 14.8%
Equity€45,743-€106,032within the sector's middle half▲ 132%€114,238within the sector's middle half▲ 7.7%€157,781above the sector's middle half▲ 38.1%€194,865above the sector's middle half▲ 23.5%
Total assets€272,284-€317,500above the sector's middle half▲ 16.6%€282,432within the sector's middle half▼ 11.0%€259,523within the sector's middle half▼ 8.1%€319,668above the sector's middle half▲ 23.2%
Debt€226,540-€211,468▼ 6.7%€168,194▼ 20.5%€101,742▼ 39.5%€124,804▲ 22.7%
Working capital€14,952-€80,048within the sector's middle half▲ 435%€118,154above the sector's middle half▲ 47.6%€171,618above the sector's middle half▲ 45.2%€237,813above the sector's middle half▲ 38.6%
Solvency16.8%-33.4%within the sector's middle half▲ 16.6pp40.4%within the sector's middle half▲ 7.1pp60.8%within the sector's middle half▲ 20.3pp61.0%within the sector's middle half▲ 0.2pp
Current ratio1.07-1.38within the sector's middle half▲ 0.311.77within the sector's middle half▲ 0.392.95within the sector's middle half▲ 1.194.00above the sector's middle half▲ 1.05
Return on assets (ROA)-42.5%-19.0%above the sector's middle half▲ 61.5pp2.9%within the sector's middle half▼ 16.1pp16.8%within the sector's middle half▲ 13.9pp11.6%within the sector's middle half▼ 5.2pp
Staff (FTE)1.7-
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 2023 is 8% higher than in 2022 and the highest since 2019. It is the second rise in a row, after the fall in 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €319,668
Fixed assets
€2,629
Current assets
€317,039
Equity and liabilities €319,668
Equity
€194,865 ▲ 23.5%
Debt
€124,804 ▲ 22.7%
Debt's share of the balance-sheet total falls from 39.2% to 39.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,418▼
2022 · €49,311
Cash flow
€37,152▼
2022 · €50,040
Quick ratio
3.96▲
2022 · 2.87
Debt to equity
0.64▼
2022 · 0.64
ROE
19.0%▼
2022 · 27.6%
Interest coverage
31.37▼
2022 · 67.56
Debt ≤ 1 year
€79,226▼
2022 · €87,905
Income taxes
€13,929▲
2022 · €3,466
Staff costs
€0▼
2022 · €2,338
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2019 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1.7 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 4 |
Source: social balance sheet in the 2019 annual accounts
Investments
| Item | 30-09-2019 | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|---|
| Tangible fixed assets | €9,748 | €0 | - | €1,048 |
| Financial fixed assets | - | - | - | €1,650 |
| Depreciation and write-downs of the year | €15,942 | €9,921 | €6,497 | €69 |
Source: notes to the 2019 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €70,806 | €0 | - | - |
| Remuneration, social security and pensions62 | €70,652 | - | €7,823 | €2,338 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,942 | €12,914 | €9,921 | €6,497 | €69 | ▼ 98.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,000 | - | €9,732 | €0 | €12,742 | - |
| Other operating charges640/8 | €24,548 | - | €18,966 | €2,065 | €3,399 | ▲ 64.6% |
| Non-recurring operating charges66A | - | - | €293 | €945 | €0 | ▼ 100% |
| Gross operating margin9900 | €19,544 | €57,923 | €66,944 | €54,660 | €62,558 | ▲ 14.5% |
| Operating profit (loss)9901 | -€93,597 | €42,855 | €20,210 | €42,815 | €46,349 | ▲ 8.3% |
| Financial income75/76B | €1,095 | - | €3,497 | €4,924 | €6,143 | ▲ 24.7% |
| Recurring financial income75 | €1,095 | €2,654 | €3,497 | €4,924 | €6,143 | ▲ 24.7% |
| Financial charges65/66B | €23,351 | - | €4,718 | €730 | €1,480 | ▲ 103% |
| Recurring financial charges65 | €7,818 | €753 | €4,718 | €730 | €1,480 | ▲ 103% |
| Non-recurring financial charges66B | €15,533 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€115,852 | €60,289 | €18,989 | €47,009 | €51,012 | ▲ 8.5% |
| Income taxes67/77 | €0 | - | €10,783 | €3,466 | €13,929 | ▲ 302% |
| Profit (loss) for the period9904 | -€115,852 | €60,289 | €8,206 | €43,543 | €37,083 | ▼ 14.8% |
| Transfer to tax-exempt reserves689 | - | - | €69,927 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€115,852 | €60,289 | -€61,721 | €43,543 | €37,083 | ▼ 14.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €272,284 | €317,500 | €282,432 | €259,523 | €319,668 | ▲ 23.2% |
| Fixed assets21/28 | €46,324 | €25,983 | €9,921 | €0 | €2,629 | - |
| Tangible fixed assets22/27 | €46,324 | €25,983 | €9,921 | €0 | €979 | - |
| Plant, machinery and equipment23 | €4,156 | - | €1,047 | €0 | €979 | - |
| Furniture and vehicles24 | €42,168 | - | €8,874 | €0 | - | - |
| Financial fixed assets28 | - | - | - | - | €1,650 | - |
| Current assets29/58 | €225,960 | €291,516 | €272,511 | €259,523 | €317,039 | ▲ 22.2% |
| Amounts receivable after more than one year29 | - | - | €129,000 | €129,000 | €129,000 | = |
| Other amounts receivable291 | - | - | €129,000 | €129,000 | €129,000 | = |
| Stocks and contracts in progress3 | - | - | €3,174 | €7,565 | €3,575 | ▼ 52.7% |
| Stocks30/36 | - | - | €3,174 | €7,565 | €3,575 | ▼ 52.7% |
| Amounts receivable within one year40/41 | €216,686 | €147,598 | €136,472 | €118,537 | €149,541 | ▲ 26.2% |
| Trade receivables40 | €73,610 | - | €121,644 | €61,919 | €80,284 | ▲ 29.7% |
| Other amounts receivable41 | €143,076 | - | €14,828 | €56,618 | €69,258 | ▲ 22.3% |
| Cash at bank and in hand54/58 | €7,949 | €12,204 | €231 | €26 | €28,667 | ▲ 1,084× |
| Deferred charges and accrued income490/1 | €1,324 | - | €3,634 | €4,394 | €6,256 | ▲ 42.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €272,284 | €317,500 | €282,432 | €259,523 | €319,668 | ▲ 23.2% |
| Equity10/15 | €45,743 | €106,032 | €114,238 | €157,781 | €194,865 | ▲ 23.5% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Reserves13 | €43,943 | €99,832 | €108,038 | €108,038 | €108,038 | = |
| Non-distributable reserves130/1 | €1,860 | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €69,927 | €69,927 | €69,927 | = |
| Distributable reserves133 | €42,083 | - | €36,251 | €36,251 | €36,251 | = |
| Profit (loss) carried forward14 | -€4,400 | €0 | - | €43,543 | €80,627 | ▲ 85.2% |
| Amounts payable17/49 | €226,540 | €211,468 | €168,194 | €101,742 | €124,804 | ▲ 22.7% |
| Amounts payable within one year42/48 | €211,008 | €211,468 | €154,357 | €87,905 | €79,226 | ▼ 9.9% |
| Trade debts44 | €197,450 | €197,712 | €124,104 | €78,389 | €59,624 | ▼ 23.9% |
| Suppliers440/4 | €197,450 | - | €124,104 | €78,389 | €59,624 | ▼ 23.9% |
| Taxes, remuneration and social security45 | €13,557 | - | €6,564 | €9,516 | €19,602 | ▲ 106% |
| Taxes450/3 | €5,202 | - | €249 | €3,715 | €13,929 | ▲ 275% |
| Remuneration and social security454/9 | €8,355 | - | €6,315 | €5,802 | €5,673 | ▼ 2.2% |
| Other amounts payable47/48 | - | - | €23,689 | €0 | - | - |
| Accrued charges and deferred income492/3 | €15,533 | - | €13,837 | €13,837 | €45,577 | ▲ 229% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€115,852 | €60,289 | €8,206 | €43,543 | €37,083 | ▼ 14.8% |
| + Depreciation and write-downs630 | €15,942 | €12,914 | €9,921 | €6,497 | €69 | ▼ 98.9% |
| Operating cash flow (approximation) | -€99,911 | €73,202 | €18,127 | €50,040 | €37,152 | ▼ 25.8% |
| Investment in fixed assets (approximation) | - | €7,427 | €6,141 | €3,424 | -€2,698 | - |
| Change in cash | - | €4,255 | -€11,973 | -€205 | €28,641 | - |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 30-04-2024 | 2024-00079647 | |
| 30-09-2022 | micro format | 26-04-2023 | 2023-00069054 | |
| 30-09-2021 | micro format | 14-03-2023 | 2023-00042678 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13400049 | |
| 30-09-2019 | abbreviated format | 04-04-2022 | 2022-20000051 | |
| 30-09-2018 | micro format | 30-04-2019 | 2019-12100094 | |
| 30-09-2016 | abbreviated format | 21-06-2017 | 2017-19800154 |