Gally Construct
Open bankruptcyFinancials · financial year 2021, micro format
2021 annual accounts filed 31 days after the deadline Filed on 31 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20373406.
Annual accounts 2021 filed on 31-08-2022 PDF all 6 filings
Equity
-€258,453▼ 31.3%
2020 · -€196,828
Total assets
€45,141▼ 8.8%
2020 · €49,519
Net result
-€61,625▼ 1,379%
2020 · -€4,165
Working capital
-€198,453▼ 0.8%
2020 · -€196,828
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€61,519
▼ 1,436%
2021
20182021
Net result
-€61,625
▼ 1,379%
2021
20182021
Equity
-€258,453
▼ 31.3%
2021
20182021
Total assets
€45,141
▼ 8.8%
2021
20182021
Debt
€243,594
▼ 1.1%
2021
20182021
Working capital
-€198,453
▼ 0.8%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€18,657-€4,717-€4,004-€61,519▼ 1,436%
Net result-€38,632-€1,346-€4,165-€61,625▼ 1,379%
Equity-€194,008--€192,663▲ 0.7%-€196,828▼ 2.2%-€258,453▼ 31.3%
Total assets€205,359-€45,737▼ 77.7%€49,519▲ 8.3%€45,141▼ 8.8%
Debt€399,367-€238,400▼ 40.3%€246,347▲ 3.3%€243,594▼ 1.1%
Working capital-€194,564--€192,941▲ 0.8%-€196,828▼ 2.0%-€198,453▼ 0.8%
The operating result for 2021 is a loss of €61,519, larger than the loss of €4,004 in 2020. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Solvency
-572.5%▼
2020 · -397.5%
Current ratio
0.19▼
2020 · 0.20
ROA
-136.5%▼
2020 · -8.4%
Debt ≤ 1 year
€243,594▼
2020 · €246,347
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,011 | €278 | €278 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €60,000 | - |
| Other operating charges640/8 | - | - | - | €55 | - |
| Gross operating margin9900 | -€15,009 | €5,049 | -€3,388 | -€1,464 | ▲ 56.8% |
| Operating profit (loss)9901 | -€18,657 | €4,717 | -€4,004 | -€61,519 | ▼ 1,436% |
| Recurring financial income75 | €21 | €177 | - | - | - |
| Financial charges65/66B | - | - | - | €106 | - |
| Recurring financial charges65 | €18,745 | €3,549 | €161 | €106 | ▼ 34.1% |
| Profit (loss) for the period before taxes9903 | -€38,632 | €1,346 | -€4,165 | -€61,625 | ▼ 1,379% |
| Profit (loss) for the period9904 | -€38,632 | €1,346 | -€4,165 | -€61,625 | ▼ 1,379% |
| Profit (loss) for the period to be appropriated9905 | -€38,632 | €1,346 | -€4,165 | -€61,625 | ▼ 1,379% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €205,359 | €45,737 | €49,519 | €45,141 | ▼ 8.8% |
| Fixed assets21/28 | €556 | €278 | - | - | - |
| Tangible fixed assets22/27 | €556 | €278 | - | - | - |
| Current assets29/58 | €204,803 | €45,459 | €49,519 | €45,141 | ▼ 8.8% |
| Stocks and contracts in progress3 | €121,402 | - | - | - | - |
| Amounts receivable within one year40/41 | €33,154 | €36,421 | €44,145 | €44,389 | ▲ 0.6% |
| Trade receivables40 | - | - | - | €44,145 | - |
| Other amounts receivable41 | - | - | - | €244 | - |
| Cash at bank and in hand54/58 | €50,248 | €9,038 | €5,375 | €752 | ▼ 86.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €205,359 | €45,737 | €49,519 | €45,141 | ▼ 8.8% |
| Equity10/15 | -€194,008 | -€192,663 | -€196,828 | -€258,453 | ▼ 31.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €76 | €76 | €76 | €76 | = |
| Non-distributable reserves130/1 | - | - | - | €76 | - |
| Reserves not available under the articles1311 | - | - | - | €76 | - |
| Profit (loss) carried forward14 | -€212,684 | -€211,339 | -€215,504 | -€277,129 | ▼ 28.6% |
| Provisions and deferred taxes16 | - | - | - | €60,000 | - |
| Provisions for liabilities and charges160/5 | - | - | - | €60,000 | - |
| Environmental obligations163 | - | - | - | €60,000 | - |
| Amounts payable17/49 | €399,367 | €238,400 | €246,347 | €243,594 | ▼ 1.1% |
| Amounts payable within one year42/48 | €399,367 | €238,400 | €246,347 | €243,594 | ▼ 1.1% |
| Trade debts44 | €113,415 | €6,937 | €7,889 | €7,711 | ▼ 2.3% |
| Suppliers440/4 | - | - | - | €7,711 | - |
| Advances received on contracts in progress46 | - | - | - | €41,322 | - |
| Other amounts payable47/48 | - | - | - | €194,561 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€38,632 | €1,346 | -€4,165 | -€61,625 | ▼ 1,379% |
| + Depreciation and write-downs630 | €1,011 | €278 | €278 | - | - |
| Operating cash flow (approximation) | -€37,620 | €1,623 | -€3,888 | -€61,625 | ▼ 1,485% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - |
| Change in cash | - | -€41,210 | -€3,663 | -€4,623 | ▼ 26.2% |
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 |
|---|---|---|---|---|
| 31-12-2021 | micro format | 31-08-2022 | 2022-20373406 | |
| 31-12-2020 | micro format | 16-08-2021 | 2021-48900002 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74300464 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60000390 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-65300281 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65300014 |