FELCONSTRUCT
Bankruptcy closedFinancials · financial year 2023, micro format
2023 annual accounts filed 224 days after the deadline Filed on 12 March 2025, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2025-00047520.
Annual accounts 2023 filed on 12-03-2025 PDF all 6 filings
Turnover
€440,761
EBIT margin
56.2%
Net result
€247,591
2022 · -€5,579
Working capital
€266,332▲ 14×
2022 · €18,741
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a profit of €247,836, after a loss of €5,313 in 2022. It is the highest result since 2019.
Operating result€247,836
2023
Net result€247,591
2023
Total assets€270,886
2023
Equity€266,632
2023
Debt€4,254
2023
Working capital€266,332
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€440,761
Operating result€20,954-€7,301▼ 65.2%-€10,821€1,455-€5,313€247,836
Net result€12,468-€3,610▼ 71.0%-€11,384€1,327-€5,579€247,591
EBIT margin56.2%
Equity€31,068-€34,678▲ 11.6%€23,293▼ 32.8%€24,621▲ 5.7%€19,041▼ 22.7%€266,632▲ 14×
Total assets€253,768-€632,362▲ 149%€300,742▼ 52.4%€72,057▼ 76.0%€64,118▼ 11.0%€270,886▲ 322%
Debt€222,699-€597,684▲ 168%€277,448▼ 53.6%€47,436▼ 82.9%€45,076▼ 5.0%€4,254▼ 90.6%
Working capital€31,068-€34,678▲ 11.6%€23,293▼ 32.8%€24,621▲ 5.7%€18,741▼ 23.9%€266,332▲ 14×
Staff (FTE)0.4
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €270,886
Fixed assets
€300 =
Current assets
€270,586 ▲ 324%
Equity and liabilities €270,886
Equity
€266,632 ▲ 14×
Debt
€4,254 ▼ 90.6%
Debt's share of the balance-sheet total falls from 70.3% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
63.61▲
2022 · 1.42
Debt to equity
0.02▼
2022 · 2.37
ROE
92.9%▲
2022 · -29.3%
ROA
91.4%▲
2022 · -8.7%
Debt ≤ 1 year
€4,254▼
2022 · €45,076
Customer credit
187 days
Supplier credit
9 days
Staff costs
€23,602▲
2022 · €21,458
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Financial fixed assets | - | €300 | €300 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €440,761 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €170,324 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €21,458 | €23,602 | ▲ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,248 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €540 | €365 | - | - |
| Non-recurring operating charges66A | - | - | - | €224 | €3,570 | - | - |
| Gross operating margin9900 | €22,277 | €7,672 | -€10,186 | €2,219 | €20,080 | €271,438 | ▲ 14× |
| Operating profit (loss)9901 | €20,954 | €7,301 | -€10,821 | €1,455 | -€5,313 | €247,836 | - |
| Financial income75/76B | - | - | - | €122 | - | - | - |
| Recurring financial income75 | - | - | - | €122 | - | - | - |
| Financial charges65/66B | - | - | - | €249 | €266 | €245 | ▼ 8.0% |
| Recurring financial charges65 | €3,486 | €3,411 | €570 | €249 | €266 | €245 | ▼ 8.0% |
| Profit (loss) for the period before taxes9903 | €17,468 | €3,890 | -€11,391 | €1,327 | -€5,579 | €247,591 | - |
| Income taxes67/77 | €5,000 | €280 | -€6 | €0 | - | - | - |
| Profit (loss) for the period9904 | €12,468 | €3,610 | -€11,384 | €1,327 | -€5,579 | €247,591 | - |
| Profit (loss) for the period to be appropriated9905 | €12,468 | €3,610 | -€11,384 | €1,327 | -€5,579 | €247,591 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €253,768 | €632,362 | €300,742 | €72,057 | €64,118 | €270,886 | ▲ 322% |
| Fixed assets21/28 | - | - | - | - | €300 | €300 | = |
| Financial fixed assets28 | - | - | - | - | €300 | €300 | = |
| Current assets29/58 | €253,768 | €632,362 | €300,742 | €72,057 | €63,818 | €270,586 | ▲ 324% |
| Amounts receivable within one year40/41 | €247,646 | €628,630 | €300,734 | €70,931 | €63,598 | €270,365 | ▲ 325% |
| Trade receivables40 | - | - | - | €15,593 | €7,161 | €225,964 | ▲ 32× |
| Other amounts receivable41 | - | - | - | €55,339 | €56,437 | €44,401 | ▼ 21.3% |
| Cash at bank and in hand54/58 | €4,431 | €3,733 | €8 | €1,125 | €220 | €221 | ▲ 0.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €253,768 | €632,362 | €300,742 | €72,057 | €64,118 | €270,886 | ▲ 322% |
| Equity10/15 | €31,068 | €34,678 | €23,293 | €24,621 | €19,041 | €266,632 | ▲ 14× |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| 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 | €10,608 | €14,218 | €2,833 | €4,161 | -€1,419 | €246,172 | - |
| Amounts payable17/49 | €222,699 | €597,684 | €277,448 | €47,436 | €45,076 | €4,254 | ▼ 90.6% |
| Amounts payable within one year42/48 | €222,699 | €597,684 | €277,448 | €47,436 | €45,076 | €4,254 | ▼ 90.6% |
| Trade debts44 | €17,487 | €52,128 | €32,310 | €34,824 | €12,231 | €4,254 | ▼ 65.2% |
| Suppliers440/4 | - | - | - | €8,291 | €12,231 | €4,254 | ▼ 65.2% |
| Bills of exchange payable441 | - | - | - | €26,533 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €12,612 | €32,845 | - | - |
| Taxes450/3 | - | - | - | €0 | €273 | - | - |
| Remuneration and social security454/9 | - | - | - | €12,612 | €32,571 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,468 | €3,610 | -€11,384 | €1,327 | -€5,579 | €247,591 | - |
| + Depreciation and write-downs630 | €1,248 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €13,717 | €3,610 | -€11,384 | €1,327 | -€5,579 | €247,591 | - |
| Investment in fixed assets (approximation) | - | - | - | - | - | €0 | - |
| Change in cash | - | -€698 | -€3,725 | €1,118 | -€906 | €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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 12-03-2025 | 2025-00047520 | |
| 31-12-2022 | micro format | 27-08-2024 | 2024-00374136 | |
| 31-12-2021 | micro format | 14-10-2022 | 2022-20460099 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62900225 | |
| 31-12-2019 | micro format | 15-09-2020 | 2020-53100533 | |
| 31-12-2018 | micro format | 12-11-2019 | 2019-73500556 |