DIVEPCO
Open bankruptcyFinancials · financial year 2021, abbreviated format
Annual accounts 2021 filed on 06-07-2022 PDF all 21 filings
Turnover
≈ €660,000
Estimated: probably between €530,000 and €980,000
Total assets
€346,233▲ 0.9%
2020 · €343,311
Net result
-€44,821
2020 · €4,908
Working capital
€147,115
2020 · -€6,081
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€25,478
2021
20182021
Net result
-€44,821
2021
lowest quarter of the sector
20182021
Equity
-€39,705
2021
lowest quarter of the sector
20182021
Total assets
€346,233
▲ 0.9%
2021
lowest quarter of the sector
20182021
Debt
€385,938
▲ 14.1%
2021
20182021
Working capital
€147,115
2021
middle half of the sector
20182021
Solvency
-11.5%
▼ 13.0pp
2021
lowest quarter of the sector
20182021
Current ratio
1.79
▲ 0.81
2021
middle half of the sector
20182021
Return on assets (ROA)
-12.9%
▼ 14.4pp
2021
lowest quarter of the sector
20182021
Staff (FTE)
6.6
=
2021
middle half of the sector
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€7,869-€62,738▲ 697%€16,794▼ 73.2%-€25,478
Net result-€31,605-€34,316€4,908within the sector's middle half▼ 85.7%-€44,821below the sector's middle half
Equity-€34,109-€208€5,116below the sector's middle half▲ 25×-€39,705below the sector's middle half
Total assets€428,410-€401,511▼ 6.3%€343,311below the sector's middle half▼ 14.5%€346,233below the sector's middle half▲ 0.9%
Debt€462,519-€401,303▼ 13.2%€338,195▼ 15.7%€385,938▲ 14.1%
Working capital-€16,979--€3,186▲ 81.2%-€6,081below the sector's middle half▼ 90.9%€147,115within the sector's middle half
Solvency-8.0%-0.1%▲ 8.0pp1.5%below the sector's middle half▲ 1.4pp-11.5%below the sector's middle half▼ 13.0pp
Current ratio0.96-0.99▲ 0.030.98below the sector's middle half▼ 0.011.79within the sector's middle half▲ 0.81
Return on assets (ROA)-7.4%-8.5%▲ 15.9pp1.4%within the sector's middle half▼ 7.1pp-12.9%below the sector's middle half▼ 14.4pp
Staff (FTE)8.3-7.7▼ 7.2%6.6within the sector's middle half▼ 14.3%6.6within 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 2021 is a loss of €25,478, after a profit of €16,794 in 2020. It is the lowest result since 2018.
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
2021 in colour, 2020 as the grey bar beneath
Assets €346,233
Fixed assets
€13,180 ▼ 24.2%
Current assets
€333,053 ▲ 2.2%
Equity and liabilities
Equity-€39,705
Debt€385,938
Equity is negative. Debt (€385,938) exceeds the balance-sheet total (€346,233).
Key figures and ratios
EBITDA
-€20,780▼
2020 · €20,273
Cash flow
-€40,123▼
2020 · €8,387
Quick ratio
0.33▼
2020 · 0.92
Interest coverage
-0.99
Debt ≤ 1 year
€185,938▼
2020 · €332,009
Debt > 1 year
€200,000▲
2020 · €6,186
Staff costs
€330,699
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 7 |
| full-time | 6 |
| part-time | 1 |
| in full-time equivalents | 6.6 |
| Average over the year, in full-time equivalents | 6.6 |
| On a permanent contract | 7 |
Source: social balance sheet in the 2021 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €330,699 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,357 | €9,185 | €3,479 | €4,697 | ▲ 35.0% |
| Other operating charges640/8 | - | - | - | €675 | - |
| Gross operating margin9900 | €339,683 | €425,237 | €286,249 | €310,594 | ▲ 8.5% |
| Operating profit (loss)9901 | €7,869 | €62,738 | €16,794 | -€25,478 | - |
| Financial income75/76B | - | - | - | €1,683 | - |
| Recurring financial income75 | €2,873 | €3,121 | €1,087 | €1,683 | ▲ 54.9% |
| Financial charges65/66B | - | - | - | €21,026 | - |
| Recurring financial charges65 | €38,727 | €27,222 | €10,813 | €21,026 | ▲ 94.5% |
| Profit (loss) for the period before taxes9903 | -€31,440 | €38,637 | €7,068 | -€44,821 | - |
| Income taxes67/77 | €165 | €4,321 | €2,160 | - | - |
| Profit (loss) for the period9904 | -€31,605 | €34,316 | €4,908 | -€44,821 | - |
| Profit (loss) for the period to be appropriated9905 | -€31,605 | €34,316 | €4,908 | -€44,821 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €428,410 | €401,511 | €343,311 | €346,233 | ▲ 0.9% |
| Fixed assets21/28 | €17,417 | €9,248 | €17,383 | €13,180 | ▼ 24.2% |
| Tangible fixed assets22/27 | €13,367 | €5,198 | €13,253 | €9,051 | ▼ 31.7% |
| Plant, machinery and equipment23 | - | - | - | €1,295 | - |
| Furniture and vehicles24 | - | - | - | €7,756 | - |
| Financial fixed assets28 | €4,050 | €4,050 | €4,130 | €4,130 | = |
| Current assets29/58 | €410,993 | €392,263 | €325,928 | €333,053 | ▲ 2.2% |
| Stocks and contracts in progress3 | €40,323 | €27,828 | €20,166 | €270,983 | ▲ 13× |
| Stocks30/36 | - | - | - | €25,000 | - |
| Contracts in progress37 | - | - | - | €245,983 | - |
| Amounts receivable within one year40/41 | €109,976 | €67,398 | €105,480 | €39,647 | ▼ 62.4% |
| Trade receivables40 | - | - | - | €10,541 | - |
| Other amounts receivable41 | - | - | - | €29,106 | - |
| Cash at bank and in hand54/58 | - | €5,934 | €13,554 | €22,322 | ▲ 64.7% |
| Deferred charges and accrued income490/1 | - | - | - | €101 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €428,410 | €401,511 | €343,311 | €346,233 | ▲ 0.9% |
| Equity10/15 | -€34,109 | €208 | €5,116 | -€39,705 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €15,535 | €15,535 | €15,535 | €15,535 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €13,675 | - |
| Profit (loss) carried forward14 | -€68,244 | -€33,927 | -€29,019 | -€73,840 | ▼ 154% |
| Amounts payable17/49 | €462,519 | €401,303 | €338,195 | €385,938 | ▲ 14.1% |
| Amounts payable after more than one year17 | €7,250 | - | €6,186 | €200,000 | ▲ 32× |
| Financial debts170/4 | - | - | - | €200,000 | - |
| Amounts payable within one year42/48 | €427,972 | €395,449 | €332,009 | €185,938 | ▼ 44.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €51,566 | - |
| Trade debts44 | €301,626 | €281,594 | €202,739 | €99,846 | ▼ 50.8% |
| Suppliers440/4 | - | - | - | €99,846 | - |
| Taxes, remuneration and social security45 | - | - | - | €19,673 | - |
| Taxes450/3 | - | - | - | €2,160 | - |
| Remuneration and social security454/9 | - | - | - | €17,512 | - |
| Other amounts payable47/48 | - | - | - | €14,854 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,605 | €34,316 | €4,908 | -€44,821 | - |
| + Depreciation and write-downs630 | €9,357 | €9,185 | €3,479 | €4,697 | ▲ 35.0% |
| Operating cash flow (approximation) | -€22,248 | €43,501 | €8,387 | -€40,123 | - |
| Investment in fixed assets (approximation) | - | -€1,015 | -€11,614 | -€495 | ▲ 95.7% |
| Change in cash | - | - | €7,620 | €8,768 | ▲ 15.1% |
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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 06-07-2022 | 2022-20165946 | |
| 31-12-2020 | abbreviated format | 16-08-2021 | 2021-48800184 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37100403 | |
| 31-12-2018 | micro format | 23-10-2019 | 2019-71100007 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-54300293 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-54700431 | |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-63000161 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-50000496 | |
| 31-12-2013 | abbreviated format | 10-06-2014 | 2014-16200112 | |
| 31-12-2012 | abbreviated format | 10-07-2013 | 2013-28600515 |