ISAN CONSTRUCT
Dissolution or liquidationFinancials · financial year 2021, micro format
2021 annual accounts filed 57 days after the deadline Filed on 26 September 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20441166.
Annual accounts 2021 filed on 26-09-2022 PDF all 32 filings
Turnover
€250,260▲ 897%
2020 · €25,102
EBIT margin
12.8%▲ 16.8pp
2020 · -4.0%
Net result
€31,885
2020 · -€2,926
Working capital
-€125,215▲ 19.2%
2020 · -€154,878
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result for 2021 is a profit of €32,081, after a loss of €1,008 in 2020. It is the highest result since 2018.
Turnover€250,260
2021
Operating result€32,081
2021
Net result€31,885
2021
Total assets€159,251
2021
Equity-€123,025
2021
Debt€282,276
2021
Working capital-€125,215
2021
EBIT margin12.8%
2021
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€1,752-€843▼ 51.9%€25,102▲ 30×€250,260▲ 897%
Operating result-€48,142--€402▲ 99.2%-€1,008▼ 151%€32,081
Net result-€49,627--€1,930▲ 96.1%-€2,926▼ 51.6%€31,885
EBIT margin-2747.7%--47.7%▲ 2700.1pp-4.0%▲ 43.7pp12.8%▲ 16.8pp
Equity-€150,054--€151,984▼ 1.3%-€154,910▼ 1.9%-€123,025▲ 20.6%
Total assets€63,900-€63,356▼ 0.9%€34,653▼ 45.3%€159,251▲ 360%
Debt€213,953-€215,340▲ 0.6%€189,563▼ 12.0%€282,276▲ 48.9%
Working capital-€150,290--€152,220▼ 1.3%-€154,878▼ 1.7%-€125,215▲ 19.2%
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €159,251
Fixed assets
€14,694 ▲ 62×
Current assets
€144,557 ▲ 320%
Equity and liabilities
Equity-€123,025
Debt€282,276
Equity is negative. Debt (€282,276) exceeds the balance-sheet total (€159,251).
Key figures and ratios
EBITDA
€36,302
Cash flow
€36,106
Solvency
-77.3%▲
2020 · -447.0%
Current ratio
0.54▲
2020 · 0.18
ROA
20.0%▲
2020 · -8.4%
Interest coverage
over 100
Debt ≤ 1 year
€269,772▲
2020 · €189,294
Customer credit
199 days▼
2020 · 481 days
Supplier credit
165 days▼
2020 · 242 days
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.
Investments
| Item | 2020 | 2021 |
|---|---|---|
| Tangible fixed assets | - | €18,678 |
| Depreciation and write-downs of the year | - | €4,220 |
Source: notes to the 2020 to 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €1,752 | €843 | €25,102 | €250,260 | ▲ 897% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €25,702 | €213,685 | ▲ 731% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €4,220 | - |
| Other operating charges640/8 | - | - | €408 | €274 | ▼ 32.8% |
| Gross operating margin9900 | -€154 | €256 | -€600 | €36,576 | - |
| Operating profit (loss)9901 | -€48,142 | -€402 | -€1,008 | €32,081 | - |
| Recurring financial income75 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | €1,919 | €196 | ▼ 89.8% |
| Recurring financial charges65 | €1,485 | €1,529 | €1,919 | €196 | ▼ 89.8% |
| Profit (loss) for the period before taxes9903 | -€49,627 | -€1,930 | -€2,926 | €31,885 | - |
| Profit (loss) for the period9904 | -€49,627 | -€1,930 | -€2,926 | €31,885 | - |
| Profit (loss) for the period to be appropriated9905 | -€49,627 | -€1,930 | -€2,926 | €31,885 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €63,900 | €63,356 | €34,653 | €159,251 | ▲ 360% |
| Fixed assets21/28 | €236 | €236 | €236 | €14,694 | ▲ 62× |
| Tangible fixed assets22/27 | - | - | - | €14,457 | - |
| Furniture and vehicles24 | - | - | - | €14,457 | - |
| Financial fixed assets28 | €236 | €236 | €236 | €236 | = |
| Current assets29/58 | €63,663 | €63,119 | €34,416 | €144,557 | ▲ 320% |
| Stocks and contracts in progress3 | €24,190 | €24,190 | - | - | - |
| Amounts receivable within one year40/41 | €38,423 | €38,236 | €33,817 | €143,053 | ▲ 323% |
| Trade receivables40 | - | - | €33,112 | €136,270 | ▲ 312% |
| Other amounts receivable41 | - | - | €704 | €6,783 | ▲ 863% |
| Cash at bank and in hand54/58 | €1,051 | €694 | €600 | €1,504 | ▲ 151% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €63,900 | €63,356 | €34,653 | €159,251 | ▲ 360% |
| Equity10/15 | -€150,054 | -€151,984 | -€154,910 | -€123,025 | ▲ 20.6% |
| Contributions10/11 | €68,047 | €68,047 | €68,047 | €68,047 | = |
| Capital10 | - | - | €68,047 | €68,047 | = |
| Issued capital100 | - | - | €68,047 | €68,047 | = |
| Profit (loss) carried forward14 | -€218,100 | -€220,031 | -€222,957 | -€191,072 | ▲ 14.3% |
| Amounts payable17/49 | €213,953 | €215,340 | €189,563 | €282,276 | ▲ 48.9% |
| Amounts payable within one year42/48 | €213,953 | €215,340 | €189,294 | €269,772 | ▲ 42.5% |
| Financial debts43 | - | - | €9,117 | €9,117 | = |
| Credit institutions430/8 | - | - | €9,117 | €9,117 | = |
| Trade debts44 | €17,690 | €16,850 | €17,013 | €96,754 | ▲ 469% |
| Suppliers440/4 | - | - | €17,013 | €96,754 | ▲ 469% |
| Taxes, remuneration and social security45 | - | - | €54 | €795 | ▲ 15× |
| Taxes450/3 | - | - | €54 | €795 | ▲ 15× |
| Other amounts payable47/48 | - | - | €163,111 | €163,106 | = |
| Accrued charges and deferred income492/3 | - | - | €268 | €12,503 | ▲ 47× |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,627 | -€1,930 | -€2,926 | €31,885 | - |
| + Depreciation and write-downs630 | - | - | - | €4,220 | - |
| Operating cash flow (approximation) | -€49,627 | -€1,930 | -€2,926 | €36,106 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€18,678 | - |
| Change in cash | - | -€358 | -€94 | €904 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 26-09-2022 | 2022-20441166 | |
| 31-12-2020 | micro format | 26-09-2022 | 2022-20441041 | |
| 31-12-2019 | micro format | 31-12-2020 | 2020-78000195 | |
| 31-12-2018 | micro format | 31-12-2019 | 2019-78100441 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-66300382 | |
| 31-12-2016 | micro format | 21-06-2018 | 2018-21900210 | |
| 31-12-2015 | full format | 24-11-2017 | 2017-70500027 | |
| 31-12-2014 | full format | 23-02-2016 | 2016-05000043 | |
| 31-12-2013 | full format | 31-12-2014 | 2014-71400219 | |
| 31-12-2012 | full format | 25-02-2014 | 2014-05300041 |