FERRIBAT CONSTRUCT
Open bankruptcyFinancials · financial year 2022, full format
Turnover
€414,909▼ 28.6%
2021 · €580,851
EBIT margin
-1.0%▼ 4.6pp
2021 · 3.6%
Net result
-€4,803
2021 · €15,990
Working capital
€31,085▼ 27.4%
2021 · €42,792
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result turns negative in 2022: a loss of €4,254 after €20,652 in 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€414,909
2022
Operating result-€4,254
2022
Net result-€4,803
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€105,600
2022
Equity€39,057
2022
Debt€66,543
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€31,085
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-1.0%
2022
Return on assets (ROA)-4.5%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency37.0%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.47
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: 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
Line20182019202020212022
Turnover€35,546-€163,621▲ 360%€396,169▲ 142%€580,851▲ 46.6%€414,909▼ 28.6%
Operating result-€13,809--€10,928▲ 20.9%€17,783€20,652▲ 16.1%-€4,254
Net result-€17,890--€10,104▲ 43.5%€18,411within the sector's middle half€15,990within the sector's middle half▼ 13.2%-€4,803below the sector's middle half
EBIT margin-38.8%--6.7%▲ 32.2pp4.5%▲ 11.2pp3.6%▼ 0.9pp-1.0%▼ 4.6pp
Equity€19,562-€9,458▼ 51.7%€27,869below the sector's middle half▲ 195%€43,859below the sector's middle half▲ 57.4%€39,057below the sector's middle half▼ 10.9%
Total assets€25,599-€50,812▲ 98.5%€61,785below the sector's middle half▲ 21.6%€96,608below the sector's middle half▲ 56.4%€105,600below the sector's middle half▲ 9.3%
Debt€6,037-€41,354▲ 585%€33,916▼ 18.0%€52,749▲ 55.5%€66,543▲ 26.2%
Working capital€17,770-€6,399▼ 64.0%€26,574within the sector's middle half▲ 315%€42,792within the sector's middle half▲ 61.0%€31,085within the sector's middle half▼ 27.4%
Solvency76.4%-18.6%▼ 57.8pp45.1%within the sector's middle half▲ 26.5pp45.4%within the sector's middle half▲ 0.3pp37.0%within the sector's middle half▼ 8.4pp
Current ratio3.94-1.15▼ 2.791.78within the sector's middle half▲ 0.631.81within the sector's middle half▲ 0.031.47within the sector's middle half▼ 0.34
Return on assets (ROA)-69.9%--19.9%▲ 50.0pp29.8%above the sector's middle half▲ 49.7pp16.6%above the sector's middle half▼ 13.2pp-4.5%below the sector's middle half▼ 21.1pp
Staff (FTE)1-1=1below the sector's middle half=0.9below the sector's middle half▼ 10.0%1below the sector's middle half▲ 11.1%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: 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
2022 in colour, 2021 as the grey bar beneath
Assets €105,600
Fixed assets
€7,972 ▲ 647%
Current assets
€97,628 ▲ 2.2%
Equity and liabilities €105,600
Equity
€39,057 ▼ 10.9%
Debt
€66,543 ▲ 26.2%
Debt's share of the balance-sheet total rises from 54.6% to 63.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1▼
2021 · €22,482
Cash flow
-€550▼
2021 · €17,820
Debt to equity
1.70▲
2021 · 1.20
ROE
-12.3%▼
2021 · 36.5%
Interest coverage
0.00▼
2021 · over 100
Debt ≤ 1 year
€66,543▲
2021 · €52,749
Income taxes
-€40▼
2021 · €4,600
Staff costs
€47,850▲
2021 · €36,666
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 | €35,546 | €163,621 | €396,169 | €580,851 | €414,909 | ▼ 28.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €520,822 | €364,095 | ▼ 30.1% |
| Remuneration, social security and pensions62 | - | - | - | €36,666 | €47,850 | ▲ 30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €732 | €1,732 | €1,763 | €1,830 | €4,253 | ▲ 132% |
| Other operating charges640/8 | - | - | - | €1,073 | €2,965 | ▲ 176% |
| Gross operating margin9900 | €1,239 | €13,082 | €41,460 | €60,221 | €50,814 | ▼ 15.6% |
| Operating profit (loss)9901 | -€13,809 | -€10,928 | €17,783 | €20,652 | -€4,254 | - |
| Recurring financial income75 | - | €6 | - | - | - | - |
| Financial charges65/66B | - | - | - | €62 | €588 | ▲ 844% |
| Recurring financial charges65 | €81 | €76 | €71 | €62 | €588 | ▲ 844% |
| Profit (loss) for the period before taxes9903 | -€13,890 | -€10,998 | €17,711 | €20,590 | -€4,842 | - |
| Income taxes67/77 | €4,000 | -€895 | -€700 | €4,600 | -€40 | - |
| Profit (loss) for the period9904 | -€17,890 | -€10,104 | €18,411 | €15,990 | -€4,803 | - |
| Profit (loss) for the period to be appropriated9905 | -€17,890 | -€10,104 | €18,411 | €15,990 | -€4,803 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,599 | €50,812 | €61,785 | €96,608 | €105,600 | ▲ 9.3% |
| Fixed assets21/28 | €1,791 | €3,059 | €1,296 | €1,068 | €7,972 | ▲ 647% |
| Tangible fixed assets22/27 | €1,791 | €3,059 | €1,296 | €1,068 | €7,972 | ▲ 647% |
| Furniture and vehicles24 | - | - | - | €1,068 | €7,972 | ▲ 647% |
| Current assets29/58 | €23,808 | €47,752 | €60,490 | €95,541 | €97,628 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €12,516 | €40,472 | €30,919 | €89,741 | €94,472 | ▲ 5.3% |
| Trade receivables40 | - | - | - | €87,658 | €90,501 | ▲ 3.2% |
| Other amounts receivable41 | - | - | - | €2,083 | €3,971 | ▲ 90.6% |
| Cash at bank and in hand54/58 | €11,292 | €7,280 | €29,570 | €5,800 | €3,157 | ▼ 45.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,599 | €50,812 | €61,785 | €96,608 | €105,600 | ▲ 9.3% |
| Equity10/15 | €19,562 | €9,458 | €27,869 | €43,859 | €39,057 | ▼ 10.9% |
| Contributions10/11 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Capital10 | - | - | - | €9,000 | €9,000 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €9,600 | €9,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €8,702 | -€1,402 | €17,009 | €32,999 | €28,197 | ▼ 14.6% |
| Amounts payable17/49 | €6,037 | €41,354 | €33,916 | €52,749 | €66,543 | ▲ 26.2% |
| Amounts payable within one year42/48 | €6,037 | €41,354 | €33,916 | €52,749 | €66,543 | ▲ 26.2% |
| Financial debts43 | - | - | - | - | €9,227 | - |
| Other loans439 | - | - | - | - | €9,227 | - |
| Trade debts44 | €340 | €1,391 | €5,540 | €28,771 | €13,300 | ▼ 53.8% |
| Suppliers440/4 | - | - | - | €28,771 | €13,300 | ▼ 53.8% |
| Taxes, remuneration and social security45 | - | - | - | €13,265 | €8,014 | ▼ 39.6% |
| Taxes450/3 | - | - | - | €8,346 | €5,946 | ▼ 28.8% |
| Remuneration and social security454/9 | - | - | - | €4,918 | €2,068 | ▼ 57.9% |
| Other amounts payable47/48 | - | - | - | €10,713 | €36,002 | ▲ 236% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,890 | -€10,104 | €18,411 | €15,990 | -€4,803 | - |
| + Depreciation and write-downs630 | €732 | €1,732 | €1,763 | €1,830 | €4,253 | ▲ 132% |
| Operating cash flow (approximation) | -€17,158 | -€8,372 | €20,175 | €17,820 | -€550 | - |
| Investment in fixed assets (approximation) | - | -€3,000 | €0 | -€1,602 | -€11,157 | ▼ 597% |
| Change in cash | - | -€4,012 | €22,290 | -€23,770 | -€2,643 | ▲ 88.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 22-05-2023 | 2023-00101997 |
| 31-12-2021 | full format | 14-07-2022 | 2022-20183753 |
| 31-12-2020 | full format | 19-08-2021 | 2021-50900493 |
| 31-12-2019 | full format | 24-08-2020 | 2020-44000423 |
| 31-12-2018 | full format | 07-08-2019 | 2019-44300326 |
| 31-12-2017 | full format | 02-07-2018 | 2018-27800067 |
| 31-12-2016 | full format | 30-08-2017 | 2017-55200241 |
| 31-12-2015 | full format | 26-08-2016 | 2016-49900494 |
| 31-12-2014 | full format | 13-07-2015 | 2015-30400212 |
| 31-12-2013 | full format | 21-08-2014 | 2014-46100450 |
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Of the 2,411 active companies whose main activity is general construction of other non-residential buildings (NACE 41003), figures are known for 1,071. 689 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.