FRANBEO CONSTRUCT
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (106 days) Filed on 14 November 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00600488.
Turnover
€42,694▼ 58.4%
2022 · €102,754
EBIT margin
-11.9%▼ 14.6pp
2022 · 2.7%
Net result
-€5,355
2022 · €2,564
Working capital
€5,058▼ 62.7%
2022 · €13,559
Trend over the years
2020 to 2023, 4 financial years
The operating result turns negative in 2023: a loss of €5,095 after €2,725 in 2022, 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€42,694
2023
Operating result-€5,095
2023
Net result-€5,355
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€25,030
2023
Equity€23,636
2023
Debt€1,394
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5,058
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-11.9%
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Turnover€65,585-€118,358▲ 80.5%€102,754▼ 13.2%€42,694▼ 58.4%
Operating result€12,574-€18,319▲ 45.7%€2,725▼ 85.1%-€5,095
Net result€10,003-€13,540▲ 35.4%€2,564▼ 81.1%-€5,355
EBIT margin19.2%-15.5%▼ 3.7pp2.7%▼ 12.8pp-11.9%▼ 14.6pp
Equity€12,503-€26,042▲ 108%€31,532▲ 21.1%€23,636▼ 25.0%
Total assets€16,710-€48,811▲ 192%€52,982▲ 8.5%€25,030▼ 52.8%
Debt€4,207-€22,769▲ 441%€21,450▼ 5.8%€1,394▼ 93.5%
Working capital€9,410-€15,180▲ 61.3%€13,559▼ 10.7%€5,058▼ 62.7%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €25,030
Fixed assets
€18,578 ▼ 21.0%
Current assets
€6,452 ▼ 78.1%
Equity and liabilities €25,030
Equity
€23,636 ▼ 25.0%
Debt
€1,394 ▼ 93.5%
Debt's share of the balance-sheet total falls from 40.5% to 5.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€157▼
2022 · €6,384
Cash flow
-€417▼
2022 · €6,223
Current ratio
4.63▲
2022 · 1.85
Debt to equity
0.06▼
2022 · 0.68
ROE
-22.7%▼
2022 · 8.1%
ROA
-21.4%▼
2022 · 4.8%
Interest coverage
-0.60▼
2022 · 39.77
Debt ≤ 1 year
€1,394▼
2022 · €15,908
Staff costs
€17,500▼
2022 · €30,120
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 | €65,585 | €118,358 | €102,754 | €42,694 | ▼ 58.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €96,976 | €65,936 | €24,644 | ▼ 62.6% |
| Remuneration, social security and pensions62 | - | - | €30,120 | €17,500 | ▼ 41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €621 | €2,926 | €3,659 | €4,938 | ▲ 35.0% |
| Other operating charges640/8 | - | €137 | €314 | €707 | ▲ 125% |
| Gross operating margin9900 | €13,550 | €21,382 | €36,818 | €18,050 | ▼ 51.0% |
| Operating profit (loss)9901 | €12,574 | €18,319 | €2,725 | -€5,095 | - |
| Financial charges65/66B | - | €122 | €161 | €261 | ▲ 62.3% |
| Recurring financial charges65 | - | €122 | €161 | €261 | ▲ 62.3% |
| Profit (loss) for the period before taxes9903 | €12,574 | €18,197 | €2,564 | -€5,355 | - |
| Income taxes67/77 | €2,571 | €4,657 | - | - | - |
| Profit (loss) for the period9904 | €10,003 | €13,540 | €2,564 | -€5,355 | - |
| Profit (loss) for the period to be appropriated9905 | €10,003 | €13,540 | €2,564 | -€5,355 | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €16,710 | €48,811 | €52,982 | €25,030 | ▼ 52.8% |
| Fixed assets21/28 | €3,093 | €17,009 | €23,516 | €18,578 | ▼ 21.0% |
| Intangible fixed assets21 | €1,093 | €971 | €850 | €728 | ▼ 14.3% |
| Tangible fixed assets22/27 | €2,000 | €16,038 | €22,666 | €17,850 | ▼ 21.2% |
| Plant, machinery and equipment23 | - | - | €7,192 | €5,744 | ▼ 20.1% |
| Furniture and vehicles24 | - | €16,038 | €15,474 | €12,105 | ▼ 21.8% |
| Current assets29/58 | €13,617 | €31,802 | €29,466 | €6,452 | ▼ 78.1% |
| Amounts receivable within one year40/41 | €11,978 | €31,049 | €28,816 | €6,316 | ▼ 78.1% |
| Trade receivables40 | - | €2,120 | €7,064 | €360 | ▼ 94.9% |
| Other amounts receivable41 | - | €28,929 | €21,752 | €5,956 | ▼ 72.6% |
| Cash at bank and in hand54/58 | €1,639 | €753 | €650 | €135 | ▼ 79.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €16,710 | €48,811 | €52,982 | €25,030 | ▼ 52.8% |
| Equity10/15 | €12,503 | €26,042 | €31,532 | €23,636 | ▼ 25.0% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €10,003 | €23,542 | €29,032 | €21,136 | ▼ 27.2% |
| Amounts payable17/49 | €4,207 | €22,769 | €21,450 | €1,394 | ▼ 93.5% |
| Amounts payable after more than one year17 | - | €6,147 | €5,542 | - | - |
| Financial debts170/4 | - | €6,147 | €5,542 | - | - |
| Amounts payable within one year42/48 | €4,207 | €16,621 | €15,908 | €1,394 | ▼ 91.2% |
| Current portion of amounts payable after more than one year42 | - | €5,630 | €6,530 | €1,394 | ▼ 78.7% |
| Trade debts44 | €1,636 | €3,763 | €1,205 | - | - |
| Suppliers440/4 | - | €3,763 | €1,205 | - | - |
| Taxes, remuneration and social security45 | - | €7,228 | €8,172 | - | - |
| Taxes450/3 | - | €7,228 | €8,172 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,003 | €13,540 | €2,564 | -€5,355 | - |
| + Depreciation and write-downs630 | €621 | €2,926 | €3,659 | €4,938 | ▲ 35.0% |
| Operating cash flow (approximation) | €10,624 | €16,465 | €6,223 | -€417 | - |
| Investment in fixed assets (approximation) | - | -€16,842 | -€10,166 | €0 | - |
| Change in cash | - | -€886 | -€103 | -€515 | ▼ 401% |
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 | 14-11-2024 | 2024-00600488 |
| 31-12-2022 | micro format | 26-09-2023 | 2023-00458271 |
| 31-12-2021 | micro format | 16-12-2022 | 2022-20539232 |
| 31-12-2020 | micro format | 15-09-2021 | 2021-67600170 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.