DAS
Open bankruptcyFinancials · financial year 2022, abbreviated format
Annual accounts 2022 filed on 30-06-2023 PDF all 46 filings
Turnover
€4.4m▼ 35.6%
2021 · €6.9m
EBIT margin
-8.6%▼ 6.9pp
2021 · -1.7%
Net result
-€408,234▼ 202%
2021 · -€135,109
Working capital
€443,239▼ 15.5%
2021 · €524,574
Multi-year overview
2018 to 2022, 5 financial yearsTurnover
€4.4m
▼ 35.6%
2022
20182022
Operating result
-€378,928
▼ 233%
2022
20182022
Net result
-€408,234
▼ 202%
2022
lowest quarter of the sector
20182022
EBIT margin
-8.6%
▼ 6.9pp
2022
20182022
Equity
€245,002
▼ 62.5%
2022
middle half of the sector
20182022
Total assets
€2.2m
▼ 8.2%
2022
highest quarter of the sector
20182022
Debt
€2.0m
▲ 12.1%
2022
20182022
Working capital
€443,239
▼ 15.5%
2022
middle half of the sector
20182022
Solvency
11.1%
▼ 16.1pp
2022
lowest quarter of the sector
20182022
Current ratio
1.27
▼ 0.04
2022
middle half of the sector
20182022
Return on assets (ROA)
-18.5%
▼ 12.9pp
2022
lowest quarter of the sector
20182022
Staff (FTE)
29
▼ 6.5%
2022
highest quarter of the sector
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€4.8m-€5.9m▲ 22.2%€4.3m▼ 27.1%€6.9m▲ 60.5%€4.4m▼ 35.6%
Operating result€0.05m-€0.05m▲ 7.2%-€0.06m-€0.1m▼ 90.6%-€0.4m▼ 233%
Net result€0.03m-€0.03m▼ 4.8%-€0.08mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 79.7%-€0.4mbelow the sector's middle half▼ 202%
EBIT margin1.0%-0.9%▼ 0.1pp-1.4%▼ 2.3pp-1.7%▼ 0.3pp-8.6%▼ 6.9pp
Equity€0.8m-€0.9m▲ 3.7%€0.8mabove the sector's middle half▼ 8.7%€0.7mwithin the sector's middle half▼ 17.1%€0.2mwithin the sector's middle half▼ 62.5%
Total assets€2.9m-€1.8m▼ 35.8%€2.4mabove the sector's middle half▲ 32.7%€2.4mabove the sector's middle half▼ 1.9%€2.2mabove the sector's middle half▼ 8.2%
Debt€2.0m-€1.0m▼ 51.9%€1.7m▲ 69.1%€1.7m▲ 5.4%€2.0m▲ 12.1%
Working capital€0.6m-€0.7m▲ 7.8%€0.6mabove the sector's middle half▼ 10.6%€0.5mwithin the sector's middle half▼ 11.2%€0.4mwithin the sector's middle half▼ 15.5%
Solvency29.0%-46.8%▲ 17.8pp32.2%within the sector's middle half▼ 14.6pp27.2%within the sector's middle half▼ 5.0pp11.1%below the sector's middle half▼ 16.1pp
Current ratio1.31-1.71▲ 0.401.37within the sector's middle half▼ 0.341.31within the sector's middle half▼ 0.061.27within the sector's middle half▼ 0.04
Return on assets (ROA)1.1%-1.7%▲ 0.5pp-3.1%below the sector's middle half▼ 4.7pp-5.6%below the sector's middle half▼ 2.6pp-18.5%below the sector's middle half▼ 12.9pp
Staff (FTE)33-31▼ 6.1%31above the sector's middle half=31above the sector's middle half=29above the sector's middle half▼ 6.5%
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 a loss of €378,928, larger than the loss of €113,715 in 2021. It is the lowest result since 2018.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.2m
Fixed assets
€134,932 ▼ 25.7%
Current assets
€2.1m ▼ 6.7%
Equity and liabilities €2.2m
Equity
€245,002 ▼ 62.5%
Debt
€2.0m ▲ 12.1%
Debt's share of the balance-sheet total rises from 72.8% to 88.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€323,875▼
2021 · -€37,491
Cash flow
-€353,181▼
2021 · -€58,885
Quick ratio
0.40▼
2021 · 0.60
Debt to equity
8.00▲
2021 · 2.68
ROE
-166.6%▼
2021 · -20.7%
Interest coverage
-10.90▼
2021 · -1.63
Debt ≤ 1 year
€1.6m▼
2021 · €1.7m
Debt > 1 year
€312,543▲
2021 · €27,163
Customer credit
45 days▲
2021 · 28 days
Supplier credit
116 days▲
2021 · 70 days
Staff costs
€1.6m▼
2021 · €1.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 31 | 25 |
| full-time | 30 | 23 |
| part-time | 1 | 2 |
| in full-time equivalents | 30.6 | 24.6 |
| Average over the year, in full-time equivalents | 31.6 | 28.6 |
| On a permanent contract | 31 | 25 |
| Joined | 5 | - |
| Left | 4 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Securities and guarantees
| Item | 2021 | 2022 |
|---|---|---|
| Debts secured on the company's own assets | €350,000 | €230,000 |
| Debts guaranteed by Belgian public bodies | €137,746 | €440,744 |
| Mortgages, amount registered | €350,000 | €517,000 |
| Carrying value of the mortgaged assets | €350,000 | €517,000 |
Source: notes to the 2021 to 2022 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €950 | €7,839 |
| Financial fixed assets | - | €485 |
| Depreciation and write-downs of the year | €76,224 | €55,053 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · €1,119 awarded · €1,119 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €411 | €411 |
| 2022 | 1 | €708 | €708 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €4.8m | €5.9m | €4.3m | €6.9m | €4.4m | ▼ 35.6% |
| Non-recurring operating income76A | - | - | - | €0.02m | €0.02m | ▲ 0.3% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €5.5m | €3.4m | ▼ 37.6% |
| Remuneration, social security and pensions62 | - | - | - | €1.9m | €1.6m | ▼ 16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.07m | €0.09m | €0.08m | €0.06m | ▼ 27.8% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.04m | ▼ 3.6% |
| Non-recurring operating charges66A | - | - | - | €0.001m | €0.003m | ▲ 143% |
| Gross operating margin9900 | €1.9m | €2.0m | €1.9m | €1.9m | €1.3m | ▼ 31.4% |
| Operating profit (loss)9901 | €0.05m | €0.05m | -€0.06m | -€0.1m | -€0.4m | ▼ 233% |
| Financial income75/76B | - | - | - | €0.002m | €413 | ▼ 75.3% |
| Recurring financial income75 | €0.001m | €250 | €0.005m | €0.002m | €413 | ▼ 75.3% |
| Financial charges65/66B | - | - | - | €0.02m | €0.03m | ▲ 28.9% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 28.9% |
| Non-recurring financial charges66B | - | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.03m | -€0.08m | -€0.1m | -€0.4m | ▼ 202% |
| Profit (loss) for the period9904 | €0.03m | €0.03m | -€0.08m | -€0.1m | -€0.4m | ▼ 202% |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.03m | -€0.08m | -€0.1m | -€0.4m | ▼ 202% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €1.8m | €2.4m | €2.4m | €2.2m | ▼ 8.2% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 25.7% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 26.1% |
| Land and buildings22 | - | - | - | €0.1m | €0.09m | ▼ 15.4% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.02m | ▼ 4.5% |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.004m | ▼ 34.1% |
| Leasing and similar rights25 | - | - | - | €0.04m | €0.02m | ▼ 62.9% |
| Financial fixed assets28 | €0.002m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 97.0% |
| Current assets29/58 | €2.6m | €1.6m | €2.2m | €2.2m | €2.1m | ▼ 6.7% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €1.2m | €1.4m | ▲ 17.7% |
| Stocks30/36 | - | - | - | €0.3m | €0.4m | ▲ 24.7% |
| Contracts in progress37 | - | - | - | €0.9m | €1.0m | ▲ 15.2% |
| Amounts receivable within one year40/41 | €1.6m | €0.8m | €1.0m | €0.6m | €0.6m | ▲ 1.5% |
| Trade receivables40 | - | - | - | €0.5m | €0.5m | ▲ 3.0% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.05m | ▼ 13.2% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.4m | €0.4m | €0.03m | ▼ 91.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | ▲ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €1.8m | €2.4m | €2.4m | €2.2m | ▼ 8.2% |
| Equity10/15 | €0.8m | €0.9m | €0.8m | €0.7m | €0.2m | ▼ 62.5% |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Capital10 | - | - | - | €0.6m | €0.6m | = |
| Issued capital100 | - | - | - | €0.6m | €0.6m | = |
| Reserves13 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.06m | €0.06m | = |
| Legal reserve130 | - | - | - | €0.06m | €0.06m | = |
| Distributable reserves133 | - | - | - | €2.0m | €2.0m | = |
| Profit (loss) carried forward14 | -€1.9m | -€1.8m | -€1.9m | -€2.0m | -€2.4m | ▼ 20.1% |
| Amounts payable17/49 | €2.0m | €1.0m | €1.7m | €1.7m | €2.0m | ▲ 12.1% |
| Amounts payable after more than one year17 | €0.09m | €0.05m | €0.07m | €0.03m | €0.3m | ▲ 12× |
| Financial debts170/4 | - | - | - | €0.03m | €0.3m | ▲ 12× |
| Amounts payable within one year42/48 | €1.9m | €0.9m | €1.6m | €1.7m | €1.6m | ▼ 4.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | ▲ 15.9% |
| Financial debts43 | - | - | - | €0.4m | €0.2m | ▼ 34.3% |
| Credit institutions430/8 | - | - | - | €0.4m | €0.2m | ▼ 34.3% |
| Trade debts44 | €1.3m | €0.5m | €0.9m | €1.0m | €1.1m | ▲ 3.9% |
| Suppliers440/4 | - | - | - | €1.0m | €1.1m | ▲ 3.9% |
| Advances received on contracts in progress46 | - | - | - | €0.002m | €0.002m | ▼ 27.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | ▼ 3.7% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | ▲ 66.0% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.1m | ▼ 13.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.02m | ▼ 20.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,390 | €30,824 | -€75,199 | -€135,109 | -€408,234 | ▼ 202% |
| + Depreciation and write-downs630 | €52,709 | €69,187 | €86,736 | €76,224 | €55,053 | ▼ 27.8% |
| Operating cash flow (approximation) | €85,099 | €100,011 | €11,537 | -€58,885 | -€353,181 | ▼ 500% |
| Investment in fixed assets (approximation) | - | -€11,970 | -€97,176 | €9,588 | -€8,324 | - |
| Change in cash | - | €52,015 | €162,835 | €15,888 | -€373,647 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00181753 | |
| 31-12-2021 | abbreviated format | 06-02-2023 | 2023-00023559 | |
| 31-12-2020 | abbreviated format | 25-10-2021 | 2021-72900027 | |
| 31-12-2019 | abbreviated format | 09-06-2020 | 2020-15500567 | |
| 31-12-2018 | abbreviated format | 06-06-2019 | 2019-16400227 | |
| 31-12-2017 | abbreviated format | 13-06-2018 | 2018-18200394 | |
| 31-12-2016 | abbreviated format | 08-06-2017 | 2017-15900361 | |
| 31-12-2015 | abbreviated format | 25-05-2016 | 2016-13300352 | |
| 31-12-2014 | abbreviated format | 08-06-2015 | 2015-16000571 | |
| 31-12-2013 | abbreviated format | 21-05-2014 | 2014-13100243 |