ETS. MAHER
Dissolution or liquidationFinancials · financial year 2022, full format
2022 annual accounts filed late (98 days) Filed on 6 November 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00510579.
Turnover
€0
2020 · €0
EBIT margin
Not included in this filing
Net result
-€34,929▼ 1,330%
2021 · -€2,442
Working capital
-€28,729▼ 112%
2021 · -€13,527
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result stays negative: a loss of €22,575 in 2022 against €2,303 in 2021; the loss grows and 2022 has the lowest 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€0
2021
Operating result-€22,575
2022
Net result-€34,929
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€10,294
2022
Equity-€28,729
2022
Debt€39,023
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€28,729
2022
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)-339.3%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-279.1%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.26
2022
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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€0€0
Operating result€362--€20,044€4,663-€2,303-€22,575▼ 880%
Net result-€252--€20,426▼ 7,994%€4,544within the sector's middle half-€2,442below the sector's middle half-€34,929below the sector's middle half▼ 1,330%
Equity€4,798--€15,629-€11,085below the sector's middle half▲ 29.1%-€13,527below the sector's middle half▼ 22.0%-€28,729below the sector's middle half▼ 112%
Total assets€20,623-€37,777▲ 83.2%€18,741below the sector's middle half▼ 50.4%€16,300below the sector's middle half▼ 13.0%€10,294below the sector's middle half▼ 36.8%
Debt€15,825-€53,405▲ 237%€29,826▼ 44.2%€29,827=€39,023▲ 30.8%
Working capital€798--€30,415-€11,085below the sector's middle half▲ 63.6%-€13,527below the sector's middle half▼ 22.0%-€28,729below the sector's middle half▼ 112%
Solvency23.3%--41.4%▼ 64.6pp-59.1%below the sector's middle half▼ 17.8pp-83.0%below the sector's middle half▼ 23.8pp-279.1%below the sector's middle half▼ 196.1pp
Current ratio1.05-0.43▼ 0.620.63below the sector's middle half▲ 0.200.55below the sector's middle half▼ 0.080.26below the sector's middle half▼ 0.28
Return on assets (ROA)-1.2%--54.1%▼ 52.8pp24.2%above the sector's middle half▲ 78.3pp-15.0%below the sector's middle half▼ 39.2pp-339.3%below the sector's middle half▼ 324.3pp
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.
Key figures and ratios
Debt ≤ 1 year
€39,023▲
2021 · €29,827
Income taxes
€11,743
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 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | €500 | €2,848 | ▲ 470% |
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €639 | €4,441 | €14,787 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €0 | - | - | - |
| Other operating charges640/8 | - | - | €0 | €2,303 | €19,727 | ▲ 757% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - |
| Gross operating margin9900 | €1,289 | -€15,235 | €19,450 | - | -€2,848 | - |
| Operating profit (loss)9901 | €362 | -€20,044 | €4,663 | -€2,303 | -€22,575 | ▼ 880% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €119 | €139 | €611 | ▲ 340% |
| Recurring financial charges65 | €615 | €382 | €119 | €139 | €611 | ▲ 340% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€252 | -€20,426 | €4,544 | -€2,442 | -€23,186 | ▼ 849% |
| Transfer from deferred taxes780 | - | - | €0 | - | - | - |
| Transfer to deferred taxes680 | - | - | €0 | - | - | - |
| Income taxes67/77 | - | - | €0 | - | €11,743 | - |
| Profit (loss) for the period9904 | -€252 | -€20,426 | €4,544 | -€2,442 | -€34,929 | ▼ 1,330% |
| Transfer from tax-exempt reserves789 | - | - | €0 | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€252 | -€20,426 | €4,544 | -€2,442 | -€34,929 | ▼ 1,330% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,623 | €37,777 | €18,741 | €16,300 | €10,294 | ▼ 36.8% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €4,000 | €14,787 | €0 | - | - | - |
| Intangible fixed assets21 | - | - | €0 | - | - | - |
| Tangible fixed assets22/27 | €4,000 | €14,787 | €0 | - | - | - |
| Land and buildings22 | - | - | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | €0 | - | - | - |
| Leasing and similar rights25 | - | - | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | €0 | - | - | - |
| Assets under construction and advance payments27 | - | - | €0 | - | - | - |
| Financial fixed assets28 | - | - | €0 | - | - | - |
| Current assets29/58 | €16,623 | €22,990 | €18,741 | €16,300 | €10,294 | ▼ 36.8% |
| Amounts receivable after more than one year29 | - | - | €0 | - | - | - |
| Trade receivables290 | - | - | €0 | - | - | - |
| Other amounts receivable291 | - | - | €0 | - | - | - |
| Stocks and contracts in progress3 | - | - | €0 | - | - | - |
| Stocks30/36 | - | - | €0 | - | - | - |
| Contracts in progress37 | - | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €2,846 | €22,990 | €12,511 | €11,381 | €10,230 | ▼ 10.1% |
| Trade receivables40 | - | - | €2,908 | €3,579 | €2,428 | ▼ 32.2% |
| Other amounts receivable41 | - | - | €9,603 | €7,802 | €7,802 | = |
| Current investments50/53 | - | - | €0 | - | - | - |
| Cash at bank and in hand54/58 | €13,777 | - | €6,230 | €4,919 | €64 | ▼ 98.7% |
| Deferred charges and accrued income490/1 | - | - | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,623 | €37,777 | €18,741 | €16,300 | €10,294 | ▼ 36.8% |
| Equity10/15 | €4,798 | -€15,629 | -€11,085 | -€13,527 | -€28,729 | ▼ 112% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Revaluation surpluses12 | - | - | €0 | - | - | - |
| Reserves13 | - | - | €0 | - | - | - |
| Non-distributable reserves130/1 | - | - | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Own shares acquired1312 | - | - | €0 | - | - | - |
| Financial assistance1313 | - | - | €0 | - | - | - |
| Other1319 | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | €0 | - | - | - |
| Profit (loss) carried forward14 | -€1,402 | -€21,829 | -€17,285 | -€19,727 | -€34,929 | ▼ 77.1% |
| Investment grants15 | - | - | €0 | - | - | - |
| Advance to shareholders on the distribution of net assets19 | - | - | €0 | - | - | - |
| Provisions and deferred taxes16 | - | - | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €0 | - | - | - |
| Pensions and similar obligations160 | - | - | €0 | - | - | - |
| Taxes161 | - | - | €0 | - | - | - |
| Major repairs and maintenance162 | - | - | €0 | - | - | - |
| Environmental obligations163 | - | - | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | €0 | - | - | - |
| Deferred taxes168 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €15,825 | €53,405 | €29,826 | €29,827 | €39,023 | ▲ 30.8% |
| Amounts payable after more than one year17 | - | - | €0 | - | - | - |
| Financial debts170/4 | - | - | €0 | - | - | - |
| Trade debts175 | - | - | €0 | - | - | - |
| Advances received on contracts in progress176 | - | - | €0 | - | - | - |
| Other amounts payable178/9 | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €15,825 | €53,405 | €29,826 | €29,827 | €39,023 | ▲ 30.8% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | - | - | - |
| Financial debts43 | - | - | €0 | - | - | - |
| Credit institutions430/8 | - | - | €0 | - | - | - |
| Other loans439 | - | - | €0 | - | - | - |
| Trade debts44 | €10,875 | €29,650 | €16,357 | €16,358 | €16,358 | = |
| Suppliers440/4 | - | - | €16,357 | €16,358 | €16,358 | = |
| Bills of exchange payable441 | - | - | €0 | - | - | - |
| Advances received on contracts in progress46 | - | - | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €1,210 | €1,210 | - | - |
| Taxes450/3 | - | - | €0 | - | - | - |
| Remuneration and social security454/9 | - | - | €1,210 | €1,210 | - | - |
| Other amounts payable47/48 | - | - | €12,259 | €12,259 | €22,665 | ▲ 84.9% |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€252 | -€20,426 | €4,544 | -€2,442 | -€34,929 | ▼ 1,330% |
| + Depreciation and write-downs630 | €639 | €4,441 | €14,787 | - | - | - |
| Operating cash flow (approximation) | €386 | -€15,985 | €19,331 | -€2,442 | -€34,929 | ▼ 1,330% |
| Investment in fixed assets (approximation) | - | -€15,228 | -€0 | - | - | - |
| Change in cash | - | - | - | -€1,311 | -€4,855 | ▼ 270% |
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 (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 06-11-2023 | 2023-00510579 |
| 31-12-2021 | full format | 23-10-2022 | 2022-20477641 |
| 31-12-2020 | full format | 11-08-2022 | 2022-20301939 |
| 31-12-2019 | micro format | 29-11-2020 | 2020-73200547 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67600349 |
| 31-12-2017 | micro format | 31-01-2019 | 2019-03800352 |
| 31-12-2016 | micro format | 30-07-2017 | 2017-38500492 |
| 31-12-2015 | full format | 31-08-2016 | 2016-59200578 |
| 31-12-2014 | full format | 01-09-2016 | 2016-59100358 |
| 31-12-2013 | full format | 31-08-2014 | 2014-57300416 |
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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. Of the 7,262 active companies whose main activity is other building finishing work (NACE 43350), figures are known for 2,404. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.