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GS CONSTRUCT

Active Risk: moderate
Limited partnershipfounded 2011active for 15 yearsKouterlaan 5, 1745 Opwijk, BelgiumKBO/BCE: BE 0836.522.852
Summary

The computed 12-month bankruptcy probability of GS CONSTRUCT is 3.0% (moderate). The 2012 annual accounts show equity of €15,546 and a net result of €855. The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2012, abbreviated format

Equity
€15,546▲ 5.8%
2011 · €14,692
Total assets
€33,697▼ 19.3%
2011 · €41,739
Net result
€855▼ 89.9%
2011 · €8,492
Working capital
€14,047▼ 3.8%
2011 · €14,608
Trend over the years

2011 to 2012, 2 financial years

The operating result falls in 2012; 2012 is 88% below 2011.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€1,474 2012 Net result€855 2012

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20112012
Operating result€12,782-€1,474▼ 88.5%
Net result€8,492-€855▼ 89.9%
Equity€14,692-€15,546▲ 5.8%
Total assets€41,739-€33,697▼ 19.3%
Debt€27,047-€18,151▼ 32.9%
Working capital€14,608-€14,047▼ 3.8%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €33,697
Fixed assets €5,797 ▼ 32.2%
Current assets €27,900 ▼ 15.9%
Equity and liabilities €33,697
Equity €15,546 ▲ 5.8%
Debt €18,151 ▼ 32.9%
Debt's share of the balance-sheet total falls from 64.8% to 53.9%. Equity is higher and debt is lower.
Key figures and ratios
2012 value · change against 2011
EBITDA
€6,128▼
2011 · €17,055
Cash flow
€5,509▼
2011 · €12,765
Current ratio
2.01▲
2011 · 1.79
Debt to equity
0.28▼
2011 · 0.58
ROE
5.5%▼
2011 · 57.8%
ROA
2.5%▼
2011 · 20.3%
Debt ≤ 1 year
€13,853▼
2011 · €18,584
Debt > 1 year
€4,298▼
2011 · €8,463
Income taxes
€307▼
2011 · €4,289
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2012 against 2011 · 24 lines
Balance sheet Code20112012
Assets
Total assets20/58€41,739€33,697▼
Fixed assets21/28€8,547€5,797▼
Tangible fixed assets22/27€8,547€5,797▼
Current assets29/58€33,192€27,900▼
Amounts receivable within one year40/41€23,699€27,343▲
Cash at bank and in hand54/58€9,493€557▼
Equity and liabilities
Total equity and liabilities10/49€41,739€33,697▼
Equity10/15€14,692€15,546▲
Contributions10/11€6,200€6,200=
Reserves13€8,425€9,267▲
Profit (loss) carried forward14€67€79▲
Amounts payable17/49€27,047€18,151▼
Amounts payable after more than one year17€8,463€4,298▼
Amounts payable within one year42/48€18,584€13,853▼
Trade debts44€10,258€9,716▼
Income statement Code20112012
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,273€4,654▲
Gross operating margin9900€17,055€6,437▼
Operating profit (loss)9901€12,782€1,474▼
Recurring financial income75-€1
Recurring financial charges65€1€313▲
Profit (loss) for the period before taxes9903€12,781€1,162▼
Income taxes67/77€4,289€307▼
Profit (loss) for the period9904€8,492€855▼
Profit (loss) for the period to be appropriated9905€8,492€855▼
Line20112012Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,273€4,654▲ 8.9%
Gross operating margin9900€17,055€6,437▼ 62.3%
Operating profit (loss)9901€12,782€1,474▼ 88.5%
Recurring financial income75-€1-
Recurring financial charges65€1€313▲ 313×
Profit (loss) for the period before taxes9903€12,781€1,162▼ 90.9%
Income taxes67/77€4,289€307▼ 92.8%
Profit (loss) for the period9904€8,492€855▼ 89.9%
Profit (loss) for the period to be appropriated9905€8,492€855▼ 89.9%
Line20112012Change
Assets
Total assets20/58€41,739€33,697▼ 19.3%
Fixed assets21/28€8,547€5,797▼ 32.2%
Tangible fixed assets22/27€8,547€5,797▼ 32.2%
Current assets29/58€33,192€27,900▼ 15.9%
Amounts receivable within one year40/41€23,699€27,343▲ 15.4%
Cash at bank and in hand54/58€9,493€557▼ 94.1%
Equity and liabilities
Total equity and liabilities10/49€41,739€33,697▼ 19.3%
Equity10/15€14,692€15,546▲ 5.8%
Contributions10/11€6,200€6,200=
Reserves13€8,425€9,267▲ 10.0%
Profit (loss) carried forward14€67€79▲ 17.9%
Amounts payable17/49€27,047€18,151▼ 32.9%
Amounts payable after more than one year17€8,463€4,298▼ 49.2%
Amounts payable within one year42/48€18,584€13,853▼ 25.5%
Trade debts44€10,258€9,716▼ 5.3%
Line20112012Change
Profit (loss) for the period9904€8,492€855▼ 89.9%
+ Depreciation and write-downs630€4,273€4,654▲ 8.9%
Operating cash flow (approximation)€12,765€5,509▼ 56.8%
Investment in fixed assets (approximation)--€1,904-
Change in cash--€8,936-

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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Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2012 abbreviated format 30-09-2013 2013-61600080
31-12-2011 abbreviated format 21-09-2012 2012-57100202

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.