FONTES CONSTRUCT (0673.646.885), In bankruptcy: annual accounts

Annual accounts 2022

micro format, filed on 10-03-2023, 51 days before the deadline

Gross margin

-€56,517

▼ €75,175

Operating result

-€58,952

▼ €47,874

Loss

-€59,459

▼ €48,116

Working capital

-€27,801

▼ €58,620

Solvency

-20.8%

▼ 47.7 percentage points

Current ratio

0.81

▼ 0.52

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €123,731 on 30-09-2022

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency-20.8%

Higher than 8% of 7,776 companies in 2022.

Current ratio0.81

Higher than 15% of 7,553 companies in 2022.

Return on assets-48.1%

Lower than 95% of 7,620 companies in 2022.

FONTES CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2022	2021	2020	2019	2018
Balance sheet: assets
Total assets`20/58`	123,731	125,404	97,316	107,964	71,181
Fixed assets`21/28`	2,068	2,907	1,082	1,333	-
Tangible fixed assets`22/27`	2,068	2,907	1,082	1,333	-
Plant, machinery and equipment`23`	1,206	1,560	415	-	-
Furniture and vehicles`24`	862	1,347	667	1,333	-
Current assets`29/58`	121,662	122,498	96,234	106,631	71,181
Amounts receivable within one year`40/41`	121,662	122,389	91,640	104,399	62,612
Trade receivables`40`	119,765	106,428	86,730	74,396	43,568
Other amounts receivable`41`	1,897	15,961	4,910	30,004	19,045
Cash at bank and in hand`54/58`	0	13	4,441	2,232	8,569
Deferred charges and accrued income`490/1`	-	97	153	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	123,731	125,404	97,316	107,964	71,181
Equity`10/15`	-25,732	33,726	45,069	33,754	38,450
Contributions`10/11`	100	100	100	100	100
Issued capital`100`	-	-	100	100	100
Reserves`13`	18,450	18,450	18,450	12,400	12,400
Non-distributable reserves`130/1`	18,450	18,450	18,450	-	-
Legal reserve`130`	-	-	18,450	12,400	12,400
Reserves not available under the articles`1311`	18,450	18,450	-	-	-
Profit (loss) carried forward`14`	-44,282	15,176	26,519	21,254	25,950
Amounts payable`17/49`	149,463	91,678	52,247	74,210	32,730
Amounts payable within one year`42/48`	149,463	91,678	52,247	69,938	32,730
Trade debts`44`	114,221	73,389	49,847	47,386	12,230
Suppliers`440/4`	114,221	73,389	49,847	47,386	12,230
Taxes, remuneration and social security`45`	6,579	15,878	2,400	22,552	20,500
Taxes`450/3`	-	-	2,400	22,552	20,500
Remuneration and social security`454/9`	6,579	15,878	-	-	-
Other amounts payable`47/48`	28,662	2,412	-	-	-
Accrued charges and deferred income`492/3`	-	-	-	4,272	-
Income statement
Gross operating margin`9900`	-56,517	18,658	31,878	25,122	62,349
Remuneration, social security and pensions`62`	243	21,039	12,081	24,740	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	838	1,249	770	667	-
Other operating charges`640/8`	1,354	7,448	2,522	3,875	2,953
Non-recurring operating charges`66A`	-	-	-	553	-
Operating profit (loss)`9901`	-58,952	-11,078	16,504	-4,712	59,396
Financial income`75/76B`	-	0	4	183	1
Recurring financial income`75`	-	0	4	183	1
Financial charges`65/66B`	507	265	389	167	546
Recurring financial charges`65`	507	265	389	167	546
Profit (loss) for the period before taxes`9903`	-59,459	-11,343	16,119	-4,696	58,850
Income taxes`67/77`	-	-	4,805	-	20,500
Profit (loss) for the period`9904`	-59,459	-11,343	11,315	-4,696	38,350
Profit (loss) for the period to be appropriated`9905`	-59,459	-11,343	11,315	-4,696	38,350
Appropriation of the result
Profit (loss) to be appropriated`9906`	-44,282	15,176	32,569	21,254	38,350
Profit (loss) brought forward from the previous period`14P`	15,176	-	-	-	-
Transfer to equity`691/2`	-	-	6,050	-	12,400
To the legal reserve`6920`	-	-	6,050	-	12,400
Social balance sheet
Average staff (FTE)`9087`	-	-	-	1	-
Hours worked`1013`	-	-	-	1,560	-
Document	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2022 (PDF), filed on 10-03-2023.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2022	micro format	10-03-2023	2023-00040418	PDF
30-09-2021	micro format	23-03-2022	2022-08600098	PDF
30-09-2020	micro format	31-03-2021	2021-09300343	PDF
30-09-2019	micro format	19-03-2020	2020-07000347	PDF
30-09-2018	micro format	05-08-2019	2019-44100269	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2022	2021	2020	2019	2018
EBITDA	-58,114	-9,829	17,275	-4,046	-
Cash flow	-58,620	-10,094	12,085	-4,030	-
Investment in fixed assets (approximation)	0	3,074	519	2,000	-
Change in cash	-13	-4,428	2,209	-6,337	-
Working capital	-27,801	30,820	43,987	36,693	38,450
Solvency	-20.8%	26.9%	46.3%	31.3%	54.0%
Current ratio	0.81	1.34	1.84	1.52	2.17
Debt to equity	-	2.72	1.16	2.20	0.85
ROE	-	-33.6%	25.1%	-13.9%	99.7%
ROA	-48.1%	-9.0%	11.6%	-4.3%	53.9%
Interest coverage	-114.69	-	-	-	-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on FONTES CONSTRUCT

The operating result for 2022 is a loss of €58,952, larger than the loss of €11,078 in 2021. It is the lowest result since 2018.

Equity is negative. Debt (€149,463) exceeds the balance-sheet total (€123,731).