FUTUR CONSTRUCT
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed late (94 days) Filed on 2 November 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00509113.
Turnover
€646,217▼ 28.9%
2021 · €908,815
EBIT margin
0.8%▲ 0.8pp
2021 · 0.0%
Net result
€3,667
2021 · -€199
Working capital
€48,222▲ 39.7%
2021 · €34,508
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result recovers in 2022; 2022 is 5,422% above 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€646,217
2022
Operating result€4,968
2022
Net result€3,667
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€122,723
2022
Equity€59,263
2022
Debt€63,460
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€48,222
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.8%
2022
Return on assets (ROA)3.0%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency48.3%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.76
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€310,817-€485,972▲ 56.4%€471,052▼ 3.1%€908,815▲ 92.9%€646,217▼ 28.9%
Operating result€27,305-€12,383▼ 54.6%€22,210▲ 79.4%€90▼ 99.6%€4,968▲ 5,422%
Net result€20,521-€6,594▼ 67.9%€16,147within the sector's middle half▲ 145%-€199below the sector's middle half€3,667within the sector's middle half
EBIT margin8.8%-2.5%▼ 6.2pp4.7%▲ 2.2pp0.0%▼ 4.7pp0.8%▲ 0.8pp
Equity€33,054-€39,648▲ 19.9%€55,795within the sector's middle half▲ 40.7%€55,596within the sector's middle half▼ 0.4%€59,263within the sector's middle half▲ 6.6%
Total assets€77,135-€66,563▼ 13.7%€105,355within the sector's middle half▲ 58.3%€175,112within the sector's middle half▲ 66.2%€122,723within the sector's middle half▼ 29.9%
Debt€44,082-€26,915▼ 38.9%€49,560▲ 84.1%€119,516▲ 141%€63,460▼ 46.9%
Working capital€31,387-€34,805▲ 10.9%€37,324within the sector's middle half▲ 7.2%€34,508within the sector's middle half▼ 7.5%€48,222within the sector's middle half▲ 39.7%
Solvency42.9%-59.6%▲ 16.7pp53.0%within the sector's middle half▼ 6.6pp31.7%within the sector's middle half▼ 21.2pp48.3%within the sector's middle half▲ 16.5pp
Current ratio1.71-2.29▲ 0.581.75within the sector's middle half▼ 0.541.29within the sector's middle half▼ 0.461.76within the sector's middle half▲ 0.47
Return on assets (ROA)26.6%-9.9%▼ 16.7pp15.3%within the sector's middle half▲ 5.4pp-0.1%below the sector's middle half▼ 15.4pp3.0%within the sector's middle half▲ 3.1pp
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.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €122,723
Fixed assets
€11,041 ▼ 47.6%
Current assets
€111,682 ▼ 27.5%
Equity and liabilities €122,723
Equity
€59,263 ▲ 6.6%
Debt
€63,460 ▼ 46.9%
Debt's share of the balance-sheet total falls from 68.3% to 51.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,015▲
2021 · €9,065
Cash flow
€13,714▲
2021 · €8,776
Debt to equity
1.07▼
2021 · 2.15
ROE
6.2%▲
2021 · -0.4%
Interest coverage
81.11▲
2021 · 58.43
Debt ≤ 1 year
€63,460▼
2021 · €119,516
Income taxes
€4,008▲
2021 · €985
Staff costs
€287▼
2021 · €833
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 | €310,817 | €485,972 | €471,052 | €908,815 | €646,217 | ▼ 28.9% |
| Non-recurring operating income76A | - | - | - | €2,869 | €6,966 | ▲ 143% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €900,636 | €631,248 | ▼ 29.9% |
| Remuneration, social security and pensions62 | - | - | - | €833 | €287 | ▼ 65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €833 | €2,421 | €3,487 | €8,975 | €10,047 | ▲ 11.9% |
| Other operating charges640/8 | - | - | - | €1,149 | €6,634 | ▲ 477% |
| Gross operating margin9900 | €29,621 | €16,876 | €26,588 | €11,047 | €21,935 | ▲ 98.6% |
| Operating profit (loss)9901 | €27,305 | €12,383 | €22,210 | €90 | €4,968 | ▲ 5,422% |
| Financial income75/76B | - | - | - | €851 | €2,893 | ▲ 240% |
| Recurring financial income75 | - | €1,563 | €220 | €851 | €2,893 | ▲ 240% |
| Financial charges65/66B | - | - | - | €155 | €185 | ▲ 19.3% |
| Recurring financial charges65 | €97 | €2,738 | €87 | €155 | €185 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €27,205 | €11,208 | €22,343 | €786 | €7,675 | ▲ 877% |
| Income taxes67/77 | €6,684 | €4,614 | €6,196 | €985 | €4,008 | ▲ 307% |
| Profit (loss) for the period9904 | €20,521 | €6,594 | €16,147 | -€199 | €3,667 | - |
| Profit (loss) for the period to be appropriated9905 | €20,521 | €6,594 | €16,147 | -€199 | €3,667 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,135 | €66,563 | €105,355 | €175,112 | €122,723 | ▼ 29.9% |
| Fixed assets21/28 | €1,667 | €4,842 | €18,471 | €21,088 | €11,041 | ▼ 47.6% |
| Tangible fixed assets22/27 | €1,667 | €4,842 | €18,471 | €21,088 | €11,041 | ▼ 47.6% |
| Plant, machinery and equipment23 | - | - | - | €3,606 | €2,177 | ▼ 39.6% |
| Furniture and vehicles24 | - | - | - | €17,482 | €8,864 | ▼ 49.3% |
| Current assets29/58 | €75,469 | €61,720 | €86,884 | €154,024 | €111,682 | ▼ 27.5% |
| Amounts receivable within one year40/41 | €62,258 | €47,458 | €80,210 | €144,547 | €103,312 | ▼ 28.5% |
| Trade receivables40 | - | - | - | €105,045 | €84,078 | ▼ 20.0% |
| Other amounts receivable41 | - | - | - | €39,502 | €19,234 | ▼ 51.3% |
| Cash at bank and in hand54/58 | €1,691 | €12,905 | €5,154 | €5,935 | €4,956 | ▼ 16.5% |
| Deferred charges and accrued income490/1 | - | - | - | €3,542 | €3,415 | ▼ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,135 | €66,563 | €105,355 | €175,112 | €122,723 | ▼ 29.9% |
| Equity10/15 | €33,054 | €39,648 | €55,795 | €55,596 | €59,263 | ▲ 6.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €466 | €466 | €466 | €466 | €466 | = |
| Non-distributable reserves130/1 | - | - | - | €466 | €466 | = |
| Reserves not available under the articles1311 | - | - | - | €466 | €466 | = |
| Profit (loss) carried forward14 | €26,388 | €32,982 | €49,129 | €48,930 | €52,597 | ▲ 7.5% |
| Amounts payable17/49 | €44,082 | €26,915 | €49,560 | €119,516 | €63,460 | ▼ 46.9% |
| Amounts payable within one year42/48 | €44,082 | €26,915 | €49,560 | €119,516 | €63,460 | ▼ 46.9% |
| Trade debts44 | €20,760 | €20,494 | €14,928 | €107,049 | €58,917 | ▼ 45.0% |
| Suppliers440/4 | - | - | - | €107,049 | €58,917 | ▼ 45.0% |
| Taxes, remuneration and social security45 | - | - | - | €9,080 | €4,543 | ▼ 50.0% |
| Taxes450/3 | - | - | - | €9,080 | €4,543 | ▼ 50.0% |
| Other amounts payable47/48 | - | - | - | €3,387 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,521 | €6,594 | €16,147 | -€199 | €3,667 | - |
| + Depreciation and write-downs630 | €833 | €2,421 | €3,487 | €8,975 | €10,047 | ▲ 11.9% |
| Operating cash flow (approximation) | €21,355 | €9,015 | €19,634 | €8,776 | €13,714 | ▲ 56.3% |
| Investment in fixed assets (approximation) | - | -€5,597 | -€17,115 | -€11,592 | €0 | - |
| Change in cash | - | €11,214 | -€7,751 | €781 | -€979 | - |
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 (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 02-11-2023 | 2023-00509113 |
| 31-12-2021 | micro format | 12-10-2022 | 2022-20467769 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70500587 |
| 31-12-2019 | micro format | 11-11-2020 | 2020-70700355 |
| 31-12-2018 | micro format | 11-12-2019 | 2019-76300094 |
| 31-12-2017 | micro format | 12-11-2018 | 2018-72100024 |
| 31-12-2016 | micro format | 23-04-2018 | 2018-10600555 |
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Of the 15,150 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,366. 6,138 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.