ITD CONSTRUCT
Dissolution or liquidationFinancials · financial year 2023, micro format
2023 annual accounts filed late (41 days) Filed on 11 December 2023, deadline 31 October 2023 (7 months after the close on 31 March 2023, Companies Code art. 3:10). Source: NBB, 2023-00528879.
Turnover
€524,501
EBIT margin
9.9%
Net result
-€36,681
2022 · €1,026
Working capital
-€15,896
2022 · €17,223
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result turns negative in 2023: a loss of €33,875 after €5,842 in 2022, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€33,875
2023
Net result-€36,681
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€148,531
2023
Equity-€6,545
2023
Debt€155,076
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€15,896
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Turnover€524,501-
Operating result€52,129-€39,696▼ 23.9%€15,138▼ 61.9%€5,842▼ 61.4%-€33,875
Net result€43,860-€29,063▼ 33.7%€16,668▼ 42.6%€1,026▼ 93.8%-€36,681
EBIT margin9.9%-
Equity€33,379-€12,442▼ 62.7%€29,110▲ 134%€30,136▲ 3.5%-€6,545
Total assets€151,124-€289,057▲ 91.3%€264,520▼ 8.5%€165,620▼ 37.4%€148,531▼ 10.3%
Debt€117,745-€276,615▲ 135%€235,410▼ 14.9%€135,484▼ 42.4%€155,076▲ 14.5%
Working capital€22,907-€3,787▼ 83.5%€7,480▲ 97.5%€17,223▲ 130%-€15,896
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €148,531
Fixed assets
€9,351 ▼ 27.6%
Current assets
€139,180 ▼ 8.9%
Equity and liabilities
Equity-€6,545
Debt€155,076
Equity is negative: debt (€155,076) exceeds the balance-sheet total (€148,531).
Key figures and ratios
EBITDA
-€30,313▼
2022 · €9,928
Cash flow
-€33,119▼
2022 · €5,113
Solvency
-4.4%▼
2022 · 18.2%
Current ratio
0.90▼
2022 · 1.13
ROA
-24.7%▼
2022 · 0.6%
Interest coverage
-17.09▼
2022 · 2.79
Debt ≤ 1 year
€155,076▲
2022 · €135,484
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €524,501 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €3,650 | €3,480 | ▼ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,690 | €9,737 | €5,026 | €4,087 | €3,562 | ▼ 12.8% |
| Other operating charges640/8 | - | - | - | €4,701 | €137 | ▼ 97.1% |
| Gross operating margin9900 | €62,430 | €50,131 | €29,476 | €14,629 | -€30,176 | - |
| Operating profit (loss)9901 | €52,129 | €39,696 | €15,138 | €5,842 | -€33,875 | - |
| Financial income75/76B | - | - | - | €197 | €1,423 | ▲ 624% |
| Recurring financial income75 | - | €9,027 | €11,325 | €197 | €1,423 | ▲ 624% |
| Financial charges65/66B | - | - | - | €3,561 | €1,773 | ▼ 50.2% |
| Recurring financial charges65 | €1,439 | €6,047 | €2,992 | €3,561 | €1,773 | ▼ 50.2% |
| Profit (loss) for the period before taxes9903 | €50,690 | €42,676 | €23,471 | €2,477 | -€34,225 | - |
| Transfer to deferred taxes680 | - | - | - | - | €2,456 | - |
| Income taxes67/77 | €6,830 | €13,613 | €6,803 | €1,451 | - | - |
| Profit (loss) for the period9904 | €43,860 | €29,063 | €16,668 | €1,026 | -€36,681 | - |
| Profit (loss) for the period to be appropriated9905 | €43,860 | €29,063 | €16,668 | €1,026 | -€36,681 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151,124 | €289,057 | €264,520 | €165,620 | €148,531 | ▼ 10.3% |
| Fixed assets21/28 | €14,532 | €8,979 | €21,630 | €12,913 | €9,351 | ▼ 27.6% |
| Tangible fixed assets22/27 | €10,312 | €4,759 | €17,770 | €9,053 | €5,491 | ▼ 39.3% |
| Plant, machinery and equipment23 | - | - | - | €2,094 | €1,273 | ▼ 39.2% |
| Furniture and vehicles24 | - | - | - | €6,959 | €4,219 | ▼ 39.4% |
| Financial fixed assets28 | €4,220 | €4,220 | €3,860 | €3,860 | €3,860 | = |
| Current assets29/58 | €136,592 | €280,078 | €242,890 | €152,707 | €139,180 | ▼ 8.9% |
| Stocks and contracts in progress3 | €7,106 | €7,673 | €40,288 | - | - | - |
| Amounts receivable within one year40/41 | €101,787 | €239,624 | €188,852 | €152,237 | €139,177 | ▼ 8.6% |
| Trade receivables40 | - | - | - | €152,237 | €71,363 | ▼ 53.1% |
| Other amounts receivable41 | - | - | - | - | €67,815 | - |
| Cash at bank and in hand54/58 | €17,099 | €29,627 | €13,317 | €89 | €2 | ▼ 97.4% |
| Deferred charges and accrued income490/1 | - | - | - | €380 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151,124 | €289,057 | €264,520 | €165,620 | €148,531 | ▼ 10.3% |
| Equity10/15 | €33,379 | €12,442 | €29,110 | €30,136 | -€6,545 | - |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €25,319 | €4,382 | €21,050 | €22,076 | -€14,605 | - |
| Amounts payable17/49 | €117,745 | €276,615 | €235,410 | €135,484 | €155,076 | ▲ 14.5% |
| Amounts payable after more than one year17 | €4,061 | €324 | - | - | - | - |
| Amounts payable within one year42/48 | €113,685 | €276,291 | €235,410 | €135,484 | €155,076 | ▲ 14.5% |
| Financial debts43 | - | - | - | €2,352 | €9,981 | ▲ 324% |
| Credit institutions430/8 | - | - | - | €2,352 | €9,981 | ▲ 324% |
| Trade debts44 | €52,788 | €92,392 | €193,207 | €109,629 | €135,433 | ▲ 23.5% |
| Suppliers440/4 | - | - | - | €109,629 | €135,433 | ▲ 23.5% |
| Taxes, remuneration and social security45 | - | - | - | €19,926 | €9,663 | ▼ 51.5% |
| Taxes450/3 | - | - | - | €16,026 | €9,663 | ▼ 39.7% |
| Remuneration and social security454/9 | - | - | - | €3,900 | - | - |
| Other amounts payable47/48 | - | - | - | €3,576 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,860 | €29,063 | €16,668 | €1,026 | -€36,681 | - |
| + Depreciation and write-downs630 | €8,690 | €9,737 | €5,026 | €4,087 | €3,562 | ▼ 12.8% |
| Operating cash flow (approximation) | €52,550 | €38,800 | €21,694 | €5,113 | -€33,119 | - |
| Investment in fixed assets (approximation) | - | -€4,184 | -€17,677 | €4,630 | €0 | ▼ 100% |
| Change in cash | - | €12,528 | -€16,310 | -€13,228 | -€87 | ▲ 99.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2023 | micro format | 11-12-2023 | 2023-00528879 |
| 31-03-2022 | micro format | 16-02-2023 | 2023-00030343 |
| 31-03-2021 | full format | 16-11-2021 | 2021-77400070 |
| 31-03-2020 | full format | 17-12-2020 | 2020-76100276 |
| 31-03-2019 | full format | 20-11-2019 | 2019-73900263 |
| 31-03-2018 | full format | 30-11-2018 | 2018-73200540 |
| 31-03-2017 | full format | 31-10-2017 | 2017-68700495 |
| 31-03-2016 | full format | 10-11-2016 | 2016-67700431 |
| 31-03-2015 | full format | 05-10-2015 | 2015-63900155 |
| 31-03-2014 | full format | 19-11-2014 | 2014-67200149 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.