ELYSIUM CONSTRUCT
Dissolution or liquidationFinancials · financial year 2023, micro format
2023 annual accounts filed late (272 days) Filed on 29 April 2025, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2025-00079554.
Turnover
€553,844▼ 17.7%
2022 · €673,186
EBIT margin
2.7%▲ 0.9pp
2022 · 1.7%
Net result
€3,445▲ 3.2%
2022 · €3,338
Working capital
€64,305
2022 · -€18,599
Trend over the years
2020 to 2023, 4 financial years
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 26% above 2022 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€553,844
2023
Operating result€14,847
2023
Net result€3,445
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€393,797
2023
Equity€13,996
2023
Debt€379,800
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€64,305
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin2.7%
2023
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.
Solvency3.6%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.62
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)4.1
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
Line2020202120222023
Turnover€170,186-€228,184▲ 34.1%€673,186▲ 195%€553,844▼ 17.7%
Operating result€7,769-€1,225▼ 84.2%€11,743▲ 859%€14,847▲ 26.4%
Net result€6,350within the sector's middle half-€58below the sector's middle half▼ 99.1%€3,338within the sector's middle half▲ 57×€3,445within the sector's middle half▲ 3.2%
EBIT margin4.6%-0.5%▼ 4.0pp1.7%▲ 1.2pp2.7%▲ 0.9pp
Equity€7,850below the sector's middle half-€7,909below the sector's middle half▲ 0.7%€10,552below the sector's middle half▲ 33.4%€13,996below the sector's middle half▲ 32.6%
Total assets€17,272below the sector's middle half-€311,464above the sector's middle half▲ 18×€345,742above the sector's middle half▲ 11.0%€393,797above the sector's middle half▲ 13.9%
Debt€9,422-€303,555▲ 32×€335,190▲ 10.4%€379,800▲ 13.3%
Working capital€1,999below the sector's middle half--€31,890below the sector's middle half-€18,599below the sector's middle half▲ 41.7%€64,305within the sector's middle half
Solvency45.5%within the sector's middle half-2.5%below the sector's middle half▼ 42.9pp3.1%below the sector's middle half▲ 0.5pp3.6%below the sector's middle half▲ 0.5pp
Current ratio1.21within the sector's middle half-0.50below the sector's middle half▼ 0.710.59below the sector's middle half▲ 0.092.62within the sector's middle half▲ 2.03
Return on assets (ROA)36.8%above the sector's middle half-0.0%below the sector's middle half▼ 36.7pp1.0%within the sector's middle half▲ 0.9pp0.9%within the sector's middle half▼ 0.1pp
Staff (FTE)14.1
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.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €393,797
Fixed assets
€289,687 ▼ 9.2%
Current assets
€104,110 ▲ 289%
Equity and liabilities €393,797
Equity
€13,996 ▲ 32.6%
Debt
€379,800 ▲ 13.3%
Debt's share of the balance-sheet total falls from 96.9% to 96.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42,265▼
2022 · €42,356
Cash flow
€30,863▼
2022 · €33,952
Quick ratio
1.99▲
2022 · 0.59
Debt to equity
27.14▼
2022 · 31.77
ROE
24.6%▼
2022 · 31.6%
Interest coverage
4.01▼
2022 · 5.48
Debt ≤ 1 year
€39,804▼
2022 · €45,394
Debt > 1 year
€339,996▲
2022 · €289,796
Income taxes
€861▲
2022 · €675
Staff costs
€118,981▲
2022 · €7,325
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Turnover70 | €170,186 | €228,184 | €673,186 | €553,844 | ▼ 17.7% |
| Non-recurring operating income76A | - | €3,223 | €2,692 | €2,661 | ▼ 1.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €179,884 | €625,949 | €392,823 | ▼ 37.2% |
| Remuneration, social security and pensions62 | - | €42,607 | €7,325 | €118,981 | ▲ 16× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,978 | €7,400 | €30,613 | €27,418 | ▼ 10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,842 | - |
| Other operating charges640/8 | - | €291 | €248 | €595 | ▲ 140% |
| Gross operating margin9900 | €11,896 | €51,523 | €49,928 | €163,683 | ▲ 228% |
| Operating profit (loss)9901 | €7,769 | €1,225 | €11,743 | €14,847 | ▲ 26.4% |
| Financial charges65/66B | - | €1,108 | €7,729 | €10,541 | ▲ 36.4% |
| Recurring financial charges65 | €57 | €1,108 | €7,729 | €10,541 | ▲ 36.4% |
| Profit (loss) for the period before taxes9903 | €7,713 | €116 | €4,014 | €4,306 | ▲ 7.3% |
| Income taxes67/77 | €1,363 | €58 | €675 | €861 | ▲ 27.5% |
| Profit (loss) for the period9904 | €6,350 | €58 | €3,338 | €3,445 | ▲ 3.2% |
| Profit (loss) for the period to be appropriated9905 | €6,350 | €58 | €3,338 | €3,445 | ▲ 3.2% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €17,272 | €311,464 | €345,742 | €393,797 | ▲ 13.9% |
| Fixed assets21/28 | €5,851 | €279,857 | €318,947 | €289,687 | ▼ 9.2% |
| Tangible fixed assets22/27 | €5,755 | €279,524 | €318,614 | €289,354 | ▼ 9.2% |
| Land and buildings22 | - | €251,831 | €242,464 | €233,098 | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €606 | €1,695 | €1,271 | ▼ 25.0% |
| Furniture and vehicles24 | - | €1,172 | €0 | - | - |
| Leasing and similar rights25 | - | €25,916 | €74,455 | €54,985 | ▼ 26.1% |
| Financial fixed assets28 | €96 | €333 | €333 | €333 | = |
| Current assets29/58 | €11,421 | €31,608 | €26,795 | €104,110 | ▲ 289% |
| Stocks and contracts in progress3 | - | - | - | €25,000 | - |
| Stocks30/36 | - | - | - | €25,000 | - |
| Amounts receivable within one year40/41 | €4,598 | €30,092 | €16,362 | €79,010 | ▲ 383% |
| Trade receivables40 | - | €25,558 | €7,295 | €20,228 | ▲ 177% |
| Other amounts receivable41 | - | €4,534 | €9,068 | €58,782 | ▲ 548% |
| Cash at bank and in hand54/58 | €6,823 | €1,516 | €10,433 | €100 | ▼ 99.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €17,272 | €311,464 | €345,742 | €393,797 | ▲ 13.9% |
| Equity10/15 | €7,850 | €7,909 | €10,552 | €13,996 | ▲ 32.6% |
| Contributions10/11 | - | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €6,350 | €6,409 | €9,052 | €12,496 | ▲ 38.1% |
| Amounts payable17/49 | €9,422 | €303,555 | €335,190 | €379,800 | ▲ 13.3% |
| Amounts payable after more than one year17 | - | €240,058 | €289,796 | €339,996 | ▲ 17.3% |
| Financial debts170/4 | - | €240,058 | €289,796 | €339,996 | ▲ 17.3% |
| Amounts payable within one year42/48 | €9,422 | €63,497 | €45,394 | €39,804 | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | - | - | €27,561 | €1,157 | ▼ 95.8% |
| Financial debts43 | - | €10,159 | - | €6,973 | - |
| Credit institutions430/8 | - | €10,159 | - | €6,973 | - |
| Trade debts44 | €2,753 | €8,263 | €12,182 | €17,118 | ▲ 40.5% |
| Suppliers440/4 | - | €8,263 | €12,182 | €17,118 | ▲ 40.5% |
| Taxes, remuneration and social security45 | - | €15,918 | €5,651 | €14,557 | ▲ 158% |
| Taxes450/3 | - | €4,700 | €2,988 | €4,376 | ▲ 46.4% |
| Remuneration and social security454/9 | - | €11,218 | €2,663 | €10,181 | ▲ 282% |
| Other amounts payable47/48 | - | €29,158 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,350 | €58 | €3,338 | €3,445 | ▲ 3.2% |
| + Depreciation and write-downs630 | €3,978 | €7,400 | €30,613 | €27,418 | ▼ 10.4% |
| Operating cash flow (approximation) | €10,328 | €7,459 | €33,952 | €30,863 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | -€281,406 | -€69,703 | €1,842 | - |
| Change in cash | - | -€5,307 | €8,917 | -€10,333 | - |
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 (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 29-04-2025 | 2025-00079554 |
| 31-12-2022 | micro format | 04-07-2024 | 2024-00207251 |
| 31-12-2021 | micro format | 05-02-2023 | 2023-00022846 |
| 31-12-2020 | micro format | 11-06-2021 | 2021-19500221 |
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Of the 15,130 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,447. 4,700 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.