DESIGN BUILD CONSTRUCT
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 65 days after the deadline Filed on 4 October 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00492979.
Annual accounts 2023 filed on 04-10-2024 PDF all 2 filings
Turnover
€338,725
EBIT margin
3.3%
Net result
€10,828▲ 4.5%
2021 · €10,360
Working capital
-€36,959
2021 · €1,911
Multi-year overview
2021 to 2023, 2 financial yearsTurnover
€338,725
2023
20212023
Operating result
€11,010
2023
20212023
Net result
€10,828
2023
middle half of the sector
20212023
EBIT margin
3.3%
2023
20212023
Equity
€26,584
2023
middle half of the sector
20212023
Total assets
€101,838
2023
middle half of the sector
20212023
Debt
€75,254
2023
20212023
Working capital
-€36,959
2023
lowest quarter of the sector
20212023
Solvency
26.1%
2023
middle half of the sector
20212023
Current ratio
0.51
2023
lowest quarter of the sector
20212023
Return on assets (ROA)
10.6%
2023
middle half of the sector
20212023
Every figure per financial year
Available amounts per financial year
Line20212023
Turnover€338,725-
Operating result€10,533-€11,010-
Net result€10,360within the sector's middle half-€10,828within the sector's middle half-
EBIT margin3.3%-
Equity€11,360below the sector's middle half-€26,584within the sector's middle half-
Total assets€30,923below the sector's middle half-€101,838within the sector's middle half-
Debt€19,563-€75,254-
Working capital€1,911below the sector's middle half--€36,959below the sector's middle half-
Solvency36.7%within the sector's middle half-26.1%within the sector's middle half-
Current ratio1.11within the sector's middle half-0.51below the sector's middle half-
Return on assets (ROA)33.5%above the sector's middle half-10.6%within the sector's middle half-
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 2023 is €11,010, against €10,533 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €101,838
Fixed assets
€63,543 ▲ 472%
Current assets
€38,295 ▲ 93.4%
Equity and liabilities €101,838
Equity
€26,584 ▲ 134%
Debt
€75,254 ▲ 285%
Debt's share of the balance-sheet total rises from 63.3% to 73.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,680▲
2021 · €13,521
Cash flow
€26,498▲
2021 · €13,348
Debt to equity
2.83▲
2021 · 1.72
ROE
40.7%▼
2021 · 91.2%
Interest coverage
over 100▲
2021 · 78.16
Debt ≤ 1 year
€75,254▲
2021 · €17,894
Customer credit
21 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2023 |
|---|---|---|
| Tangible fixed assets | €13,106 | €25,778 |
| Intangible fixed assets | €1,000 | - |
| Depreciation and write-downs of the year | €2,988 | €15,670 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Turnover70 | - | €338,725 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,988 | €15,670 | - |
| Other operating charges640/8 | €956 | €11,249 | - |
| Gross operating margin9900 | €14,477 | €37,929 | - |
| Operating profit (loss)9901 | €10,533 | €11,010 | - |
| Financial charges65/66B | €173 | €182 | - |
| Recurring financial charges65 | €173 | €182 | - |
| Profit (loss) for the period before taxes9903 | €10,360 | €10,828 | - |
| Profit (loss) for the period9904 | €10,360 | €10,828 | - |
| Profit (loss) for the period to be appropriated9905 | €10,360 | €10,828 | - |
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €30,923 | €101,838 | - |
| Fixed assets21/28 | €11,118 | €63,543 | - |
| Intangible fixed assets21 | €800 | €600 | - |
| Tangible fixed assets22/27 | €10,318 | €62,943 | - |
| Plant, machinery and equipment23 | - | €3,141 | - |
| Furniture and vehicles24 | €10,318 | €59,802 | - |
| Current assets29/58 | €19,805 | €38,295 | - |
| Amounts receivable within one year40/41 | €14,867 | €37,340 | - |
| Trade receivables40 | €6,378 | €19,852 | - |
| Other amounts receivable41 | €8,489 | €17,488 | - |
| Cash at bank and in hand54/58 | €4,938 | - | - |
| Deferred charges and accrued income490/1 | - | €955 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €30,923 | €101,838 | - |
| Equity10/15 | €11,360 | €26,584 | - |
| Contributions10/11 | €1,000 | €1,000 | - |
| Capital10 | €1,000 | €1,000 | - |
| Issued capital100 | €1,000 | €1,000 | - |
| Reserves13 | €100 | €100 | - |
| Non-distributable reserves130/1 | €100 | €100 | - |
| Legal reserve130 | €100 | €100 | - |
| Profit (loss) carried forward14 | €10,260 | €25,484 | - |
| Amounts payable17/49 | €19,563 | €75,254 | - |
| Amounts payable within one year42/48 | €17,894 | €75,254 | - |
| Trade debts44 | €16,944 | €72,604 | - |
| Suppliers440/4 | €16,944 | €72,604 | - |
| Other amounts payable47/48 | €950 | €2,650 | - |
| Accrued charges and deferred income492/3 | €1,669 | - | - |
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10,360 | €10,828 | - |
| + Depreciation and write-downs630 | €2,988 | €15,670 | - |
| Operating cash flow (approximation) | €13,348 | €26,498 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.