DELVIMO
BankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (31 days) Filed on 31 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00434556.
Equity
-€13,382▼ 6.9%
2022 · -€12,518
Total assets
€93,971▲ 26.8%
2022 · €74,112
Net result
-€864
2022 · €4,029
Working capital
€5,546▲ 43.1%
2022 · €3,875
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result falls in 2023; 2023 is 91% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€511
2023
Net result-€864
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€93,971
2023
Equity-€13,382
2023
Debt€107,352
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5,546
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)-0.9%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-14.2%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.07
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)1
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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€15,065-€7,829▼ 48.0%€3,387▼ 56.7%-€5,895€5,521€511▼ 90.7%
Net result€10,515-€6,338▼ 39.7%€2,651within the sector's middle half▼ 58.2%-€7,391below the sector's middle half€4,029within the sector's middle half-€864below the sector's middle half
Equity-€18,144--€11,806▲ 34.9%-€9,156below the sector's middle half▲ 22.4%-€16,547below the sector's middle half▼ 80.7%-€12,518below the sector's middle half▲ 24.3%-€13,382below the sector's middle half▼ 6.9%
Total assets€83,664-€63,105▼ 24.6%€75,162within the sector's middle half▲ 19.1%€64,129below the sector's middle half▼ 14.7%€74,112within the sector's middle half▲ 15.6%€93,971within the sector's middle half▲ 26.8%
Debt€101,808-€74,911▼ 26.4%€84,318▲ 12.6%€80,676▼ 4.3%€86,630▲ 7.4%€107,352▲ 23.9%
Working capital-€639-€4,277€2,952below the sector's middle half▼ 31.0%€5,125within the sector's middle half▲ 73.6%€3,875below the sector's middle half▼ 24.4%€5,546within the sector's middle half▲ 43.1%
Solvency-21.7%--18.7%▲ 3.0pp-12.2%below the sector's middle half▲ 6.5pp-25.8%below the sector's middle half▼ 13.6pp-16.9%below the sector's middle half▲ 8.9pp-14.2%below the sector's middle half▲ 2.7pp
Current ratio0.99-1.09▲ 0.101.05below the sector's middle half▼ 0.051.11within the sector's middle half▲ 0.061.06below the sector's middle half▼ 0.051.07below the sector's middle half▲ 0.01
Return on assets (ROA)12.6%-10.0%▼ 2.5pp3.5%within the sector's middle half▼ 6.5pp-11.5%below the sector's middle half▼ 15.1pp5.4%within the sector's middle half▲ 17.0pp-0.9%below the sector's middle half▼ 6.4pp
Staff (FTE)1-1=1within the sector's middle half=1=1
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 €93,971
Fixed assets
€10,997 ▲ 29.9%
Current assets
€82,974 ▲ 26.4%
Equity and liabilities
Equity-€13,382
Debt€107,352
Equity is negative: debt (€107,352) exceeds the balance-sheet total (€93,971).
Key figures and ratios
EBITDA
€4,609▼
2022 · €9,128
Cash flow
€3,233▼
2022 · €7,636
Interest coverage
3.01▼
2022 · 5.63
Debt ≤ 1 year
€77,427▲
2022 · €61,773
Staff costs
€76,947▲
2022 · €67,738
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €63,380 | €67,738 | €76,947 | ▲ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,667 | €11,252 | €6,693 | €3,600 | €3,607 | €4,097 | ▲ 13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€270 | €737 | €12,527 | ▲ 1,600% |
| Other operating charges640/8 | - | - | - | €5,682 | €3,367 | €3,055 | ▼ 9.3% |
| Gross operating margin9900 | €75,588 | €71,127 | €64,967 | €66,497 | €80,970 | €97,137 | ▲ 20.0% |
| Operating profit (loss)9901 | €15,065 | €7,829 | €3,387 | -€5,895 | €5,521 | €511 | ▼ 90.7% |
| Financial income75/76B | - | - | - | €40 | €210 | €158 | ▼ 24.7% |
| Recurring financial income75 | €1,145 | €413 | €767 | €40 | €210 | €158 | ▼ 24.7% |
| Financial charges65/66B | - | - | - | €1,381 | €1,621 | €1,534 | ▼ 5.4% |
| Recurring financial charges65 | €5,051 | €1,787 | €1,388 | €1,381 | €1,621 | €1,534 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €11,159 | €6,455 | €2,766 | -€7,236 | €4,110 | -€864 | - |
| Income taxes67/77 | €644 | €117 | €115 | €155 | €81 | - | - |
| Profit (loss) for the period9904 | €10,515 | €6,338 | €2,651 | -€7,391 | €4,029 | -€864 | - |
| Profit (loss) for the period to be appropriated9905 | €10,515 | €6,338 | €2,651 | -€7,391 | €4,029 | -€864 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €83,664 | €63,105 | €75,162 | €64,129 | €74,112 | €93,971 | ▲ 26.8% |
| Fixed assets21/28 | €15,215 | €12,791 | €9,166 | €12,258 | €8,464 | €10,997 | ▲ 29.9% |
| Tangible fixed assets22/27 | €15,005 | €12,581 | €8,956 | €12,048 | €8,254 | €10,787 | ▲ 30.7% |
| Furniture and vehicles24 | - | - | - | €7,243 | €4,135 | €7,355 | ▲ 77.9% |
| Other tangible fixed assets26 | - | - | - | €4,805 | €4,119 | €3,433 | ▼ 16.7% |
| Financial fixed assets28 | €210 | €210 | €210 | €210 | €210 | €210 | ▼ 0.1% |
| Current assets29/58 | €68,449 | €50,314 | €65,996 | €51,871 | €65,648 | €82,974 | ▲ 26.4% |
| Amounts receivable within one year40/41 | €40,349 | €27,975 | €33,576 | €24,996 | €36,786 | €79,263 | ▲ 115% |
| Trade receivables40 | - | - | - | €20,832 | €26,824 | €79,263 | ▲ 195% |
| Other amounts receivable41 | - | - | - | €4,164 | €9,962 | - | - |
| Cash at bank and in hand54/58 | €26,162 | €20,293 | €30,070 | €24,047 | €26,573 | €2,960 | ▼ 88.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,828 | €2,289 | €751 | ▼ 67.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €83,664 | €63,105 | €75,162 | €64,129 | €74,112 | €93,971 | ▲ 26.8% |
| Equity10/15 | -€18,144 | -€11,806 | -€9,156 | -€16,547 | -€12,518 | -€13,382 | ▼ 6.9% |
| Contributions10/11 | €6,204 | €6,204 | - | €6,203 | €6,203 | €6,203 | = |
| Contributions outside capital11 | - | - | - | - | - | €6,203 | - |
| Other1109/19 | - | - | - | - | - | €6,203 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€26,208 | -€19,870 | -€17,219 | -€24,610 | -€20,581 | -€21,445 | ▼ 4.2% |
| Amounts payable17/49 | €101,808 | €74,911 | €84,318 | €80,676 | €86,630 | €107,352 | ▲ 23.9% |
| Amounts payable after more than one year17 | €3,914 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €69,088 | €46,037 | €63,044 | €46,746 | €61,773 | €77,427 | ▲ 25.3% |
| Trade debts44 | €23,515 | €8,176 | €22,955 | €17,495 | €33,773 | €28,934 | ▼ 14.3% |
| Suppliers440/4 | - | - | - | €17,495 | €33,773 | €28,934 | ▼ 14.3% |
| Taxes, remuneration and social security45 | - | - | - | €9,302 | €17,421 | €37,700 | ▲ 116% |
| Taxes450/3 | - | - | - | €155 | - | €12,283 | - |
| Remuneration and social security454/9 | - | - | - | €9,147 | €17,421 | €25,417 | ▲ 45.9% |
| Other amounts payable47/48 | - | - | - | €19,949 | €10,579 | €10,793 | ▲ 2.0% |
| Accrued charges and deferred income492/3 | - | - | - | €33,930 | €24,857 | €29,925 | ▲ 20.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,515 | €6,338 | €2,651 | -€7,391 | €4,029 | -€864 | - |
| + Depreciation and write-downs630 | €12,667 | €11,252 | €6,693 | €3,600 | €3,607 | €4,097 | ▲ 13.6% |
| Operating cash flow (approximation) | €23,182 | €17,590 | €9,344 | -€3,791 | €7,636 | €3,233 | ▼ 57.7% |
| Investment in fixed assets (approximation) | - | -€8,828 | -€3,068 | -€6,692 | €187 | -€6,631 | - |
| Change in cash | - | -€5,869 | €9,777 | -€6,023 | €2,526 | -€23,613 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 31-08-2024 | 2024-00434556 |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00167172 |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20153756 |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33100568 |
| 31-12-2019 | micro format | 17-09-2020 | 2020-54100394 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53000009 |
| 31-12-2017 | full format | 10-08-2018 | 2018-45300538 |
| 31-12-2016 | full format | 25-08-2017 | 2017-52900365 |
| 31-12-2015 | full format | 17-08-2016 | 2016-44800531 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 15,150 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,366. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.