GIRAF
Open bankruptcyFinancials · fiscal year 2024, abbreviated schema
Equity
€321,598▲ 60.8%
2023 · €199,989
Total assets
€658,948▲ 32.1%
2023 · €498,813
Net result
€121,608▲ 575%
2023 · €18,013
Working capital
€302,689▲ 36.3%
2023 · €222,068
Trend over the years
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result recovers in 2024; 2024 is 468% above 2023 and is the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€224,794
2024
Net result€121,608
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€658,948
2024
Equity€321,598
2024
Debt€337,350
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€302,689
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)18.5%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency48.8%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.90
2024
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€73,929-€54,543▼ 26.2%€55,589▲ 1.9%€37,027▼ 33.4%€83,978▲ 127%€39,589▼ 52.9%€224,794▲ 468%
Net result€48,852-€17,976▼ 63.2%€25,564within the sector's middle half▲ 42.2%€1,979below the sector's middle half▼ 92.3%€34,655within the sector's middle half▲ 1,651%€18,013within the sector's middle half▼ 48.0%€121,608within the sector's middle half▲ 575%
Equity€101,802-€119,778▲ 17.7%€145,343within the sector's middle half▲ 21.3%€147,322within the sector's middle half▲ 1.4%€181,977within the sector's middle half▲ 23.5%€199,989within the sector's middle half▲ 9.9%€321,598within the sector's middle half▲ 60.8%
Total assets€489,868-€438,702▼ 10.4%€484,679within the sector's middle half▲ 10.5%€575,524within the sector's middle half▲ 18.7%€458,413within the sector's middle half▼ 20.3%€498,813within the sector's middle half▲ 8.8%€658,948within the sector's middle half▲ 32.1%
Debt€388,065-€318,924▼ 17.8%€339,336▲ 6.4%€428,202▲ 26.2%€276,437▼ 35.4%€298,824▲ 8.1%€337,350▲ 12.9%
Working capital€93,869-€111,591▲ 18.9%€137,175within the sector's middle half▲ 22.9%€140,506within the sector's middle half▲ 2.4%€173,490within the sector's middle half▲ 23.5%€222,068within the sector's middle half▲ 28.0%€302,689within the sector's middle half▲ 36.3%
Solvency20.8%-27.3%▲ 6.5pp30.0%within the sector's middle half▲ 2.7pp25.6%within the sector's middle half▼ 4.4pp39.7%within the sector's middle half▲ 14.1pp40.1%within the sector's middle half▲ 0.4pp48.8%within the sector's middle half▲ 8.7pp
Current ratio1.24-1.35▲ 0.111.41within the sector's middle half▲ 0.061.33within the sector's middle half▼ 0.081.63within the sector's middle half▲ 0.301.86within the sector's middle half▲ 0.231.90within the sector's middle half▲ 0.04
Return on assets (ROA)10.0%-4.1%▼ 5.9pp5.3%within the sector's middle half▲ 1.2pp0.3%below the sector's middle half▼ 4.9pp7.6%within the sector's middle half▲ 7.2pp3.6%within the sector's middle half▼ 3.9pp18.5%above the sector's middle half▲ 14.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €658,948
Fixed assets
€18,909 ▲ 5.5%
Current assets
€640,039 ▲ 33.1%
Equity and liabilities €658,948
Equity
€321,598 ▲ 60.8%
Debt
€337,350 ▲ 12.9%
Debt's share of the balance-sheet total falls from 59.9% to 51.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€231,702▲
2023 · €45,176
Cash flow
€128,516▲
2023 · €23,600
Quick ratio
1.85▲
2023 · 1.76
Debt to equity
1.05▼
2023 · 1.49
ROE
37.8%▲
2023 · 9.0%
Interest coverage
6.82▲
2023 · 3.49
Debt ≤ 1 year
€337,350▲
2023 · €258,824
Income taxes
€69,563▲
2023 · €8,857
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 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,233 | €5,828 | €4,506 | €4,659 | €5,011 | €5,587 | €6,908 | ▲ 23.6% |
| Other operating charges640/8 | - | - | - | €2,932 | €3,832 | €2,734 | €4,079 | ▲ 49.2% |
| Non-recurring operating charges66A | - | - | - | €367 | - | €598 | - | - |
| Gross operating margin9900 | €80,436 | €72,477 | €64,935 | €44,984 | €92,820 | €48,509 | €235,780 | ▲ 386% |
| Operating profit (loss)9901 | €73,929 | €54,543 | €55,589 | €37,027 | €83,978 | €39,589 | €224,794 | ▲ 468% |
| Financial income75/76B | - | - | - | €2,436 | €31 | €219 | €335 | ▲ 52.6% |
| Recurring financial income75 | €475 | €2 | €15 | €2,436 | €31 | €219 | €335 | ▲ 52.6% |
| Financial charges65/66B | - | - | - | €36,259 | €31,304 | €12,939 | €33,957 | ▲ 162% |
| Recurring financial charges65 | €22,636 | €30,948 | €20,117 | €36,259 | €31,304 | €12,939 | €33,957 | ▲ 162% |
| Profit (loss) for the period before taxes9903 | €51,768 | €23,597 | €35,487 | €3,205 | €52,705 | €26,870 | €191,171 | ▲ 611% |
| Income taxes67/77 | €2,916 | €5,621 | €9,923 | €1,225 | €18,050 | €8,857 | €69,563 | ▲ 685% |
| Profit (loss) for the period9904 | €48,852 | €17,976 | €25,564 | €1,979 | €34,655 | €18,013 | €121,608 | ▲ 575% |
| Profit (loss) for the period to be appropriated9905 | €48,852 | €17,976 | €25,564 | €1,979 | €34,655 | €18,013 | €121,608 | ▲ 575% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €489,868 | €438,702 | €484,679 | €575,524 | €458,413 | €498,813 | €658,948 | ▲ 32.1% |
| Fixed assets21/28 | €7,933 | €8,187 | €12,772 | €7,746 | €8,486 | €17,922 | €18,909 | ▲ 5.5% |
| Tangible fixed assets22/27 | €6,493 | €6,747 | €11,332 | €6,306 | €7,046 | €16,482 | €14,969 | ▼ 9.2% |
| Plant, machinery and equipment23 | - | - | - | - | €2,972 | €12,659 | €8,382 | ▼ 33.8% |
| Furniture and vehicles24 | - | - | - | €6,306 | €4,075 | €3,823 | €6,587 | ▲ 72.3% |
| Financial fixed assets28 | €1,440 | €1,440 | €1,440 | €1,440 | €1,440 | €1,440 | €3,940 | ▲ 174% |
| Current assets29/58 | €481,934 | €430,515 | €471,907 | €567,778 | €449,927 | €480,891 | €640,039 | ▲ 33.1% |
| Stocks and contracts in progress3 | €31,280 | €29,160 | €40,516 | €208,462 | €20,473 | €24,221 | €15,392 | ▼ 36.5% |
| Stocks30/36 | - | - | - | €78,649 | €20,473 | €24,221 | €15,392 | ▼ 36.5% |
| Contracts in progress37 | - | - | - | €129,813 | - | - | - | - |
| Amounts receivable within one year40/41 | €289,842 | €239,566 | €293,485 | €309,540 | €388,208 | €387,175 | €371,283 | ▼ 4.1% |
| Trade receivables40 | - | - | - | €233,923 | €304,789 | €274,163 | €227,676 | ▼ 17.0% |
| Other amounts receivable41 | - | - | - | €75,618 | €83,418 | €113,012 | €143,607 | ▲ 27.1% |
| Cash at bank and in hand54/58 | €51,313 | €63,790 | €33,607 | €49,776 | €41,246 | €69,496 | €253,363 | ▲ 265% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €489,868 | €438,702 | €484,679 | €575,524 | €458,413 | €498,813 | €658,948 | ▲ 32.1% |
| Equity10/15 | €101,802 | €119,778 | €145,343 | €147,322 | €181,977 | €199,989 | €321,598 | ▲ 60.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,790 | €3,790 | €3,790 | €3,790 | €35,790 | €53,790 | €175,398 | ▲ 226% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €1,930 | €33,930 | €51,930 | €173,538 | ▲ 234% |
| Profit (loss) carried forward14 | €79,412 | €97,388 | €122,953 | €124,932 | €127,587 | €127,599 | €127,599 | = |
| Amounts payable17/49 | €388,065 | €318,924 | €339,336 | €428,202 | €276,437 | €298,824 | €337,350 | ▲ 12.9% |
| Amounts payable after more than one year17 | - | - | €4,604 | €930 | - | €40,000 | - | - |
| Financial debts170/4 | - | - | - | €930 | - | €40,000 | - | - |
| Amounts payable within one year42/48 | €388,065 | €318,924 | €334,732 | €427,272 | €276,437 | €258,824 | €337,350 | ▲ 30.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,674 | €930 | - | - | - |
| Trade debts44 | €323,779 | €279,130 | €305,878 | €412,450 | €257,456 | €249,967 | €276,806 | ▲ 10.7% |
| Suppliers440/4 | - | - | - | €412,450 | €257,456 | €249,967 | €276,806 | ▲ 10.7% |
| Taxes, remuneration and social security45 | - | - | - | €11,148 | €18,050 | €8,857 | €60,543 | ▲ 584% |
| Taxes450/3 | - | - | - | €11,148 | €18,050 | €8,857 | €60,543 | ▲ 584% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,852 | €17,976 | €25,564 | €1,979 | €34,655 | €18,013 | €121,608 | ▲ 575% |
| + Depreciation and write-downs630 | €5,233 | €5,828 | €4,506 | €4,659 | €5,011 | €5,587 | €6,908 | ▲ 23.6% |
| Operating cash flow (approximation) | €54,086 | €23,804 | €30,071 | €6,638 | €39,665 | €23,600 | €128,516 | ▲ 445% |
| Investment in fixed assets (approximation) | - | -€6,082 | -€9,091 | €367 | -€5,751 | -€15,023 | -€7,895 | ▲ 47.4% |
| Change in cash | - | €12,477 | -€30,183 | €16,169 | -€8,529 | €28,249 | €183,868 | ▲ 551% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 4,093 companies in this sector we hold annual accounts for 1,650. 1,165 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector