IUGIS CONSTRUCT (0697.586.683), Inactive: financials and annual accounts

Annual accounts 2020

micro format, filed on 10-11-2020, 10 days late

Turnover

€516,086

▲ 184%

Operating result

€105,456

▲ 29.5%

EBITDA

€108,014

▲ 31.0%

Cash flow

€92,899

▲ 62.5%

Solvency

69.1%

▲ 13.6 percentage points

Current ratio

3.19

▲ 0.98

Money flows

of every €100 of turnover, €17.50 remains as profit in 2020

Balance sheet

balance sheet total €221,031 on 31-03-2020

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2020	2019
Balance sheet: assets
Total assets`20/58`	221,031	112,511
Fixed assets`21/28`	2,871	1,429
Tangible fixed assets`22/27`	2,871	1,429
Furniture and vehicles`24`	2,871	1,429
Current assets`29/58`	218,160	111,082
Amounts receivable within one year`40/41`	200,022	95,302
Trade receivables`40`	57,980	26,100
Other amounts receivable`41`	142,042	69,201
Cash at bank and in hand`54/58`	18,138	15,780
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	221,031	112,511
Equity`10/15`	152,742	62,401
Contributions`10/11`	-	6,250
Issued capital`100`	-	18,600
Uncalled capital`101`	-	12,350
Contributions outside capital`11`	6,250	-
Share premium`1100/10`	6,250	-
Reserves`13`	1,860	1,860
Legal reserve`130`	1,860	1,860
Profit (loss) carried forward`14`	144,632	54,291
Amounts payable`17/49`	68,290	50,110
Amounts payable within one year`42/48`	68,290	50,110
Trade debts`44`	23,113	21,920
Suppliers`440/4`	2,383	363
Bills of exchange payable`441`	20,730	21,557
Taxes, remuneration and social security`45`	45,176	28,190
Taxes`450/3`	45,176	28,190
Income statement
Turnover`70`	516,086	181,608
Gross operating margin`9900`	109,745	82,699
Goods, raw materials, services and sundry goods`60/61`	406,341	98,908
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,558	1,021
Other operating charges`640/8`	1,730	274
Operating profit (loss)`9901`	105,456	81,404
Financial income`75/76B`	8,709	2,937
Recurring financial income`75`	8,709	2,937
Financial charges`65/66B`	193	0
Recurring financial charges`65`	193	0
Profit (loss) for the period before taxes`9903`	113,972	84,341
Income taxes`67/77`	23,631	28,190
Profit (loss) for the period`9904`	90,341	56,151
Profit (loss) for the period to be appropriated`9905`	90,341	56,151
Appropriation of the result
Profit (loss) to be appropriated`9906`	144,632	56,151
Transfer to equity`691/2`	-	1,860
To the legal reserve`6920`	-	1,860
Document	PDF	PDF

Source: Annual accounts 2020 (PDF), filed on 10-11-2020.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2020 annual accounts filed 10 days after the deadline. Filed on 10 November 2020, deadline 31 October 2020 (7 months after the close on 31 March 2020, Companies Code art. 3:10). Source: NBB, 2020-69600150.

Financial year	Type	Filed	Reference	Document
31-03-2020	micro format	10-11-2020	2020-69600150	PDF
31-03-2019	micro format	02-10-2019	2019-68200265	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2020	2019
EBITDA	108,014	82,425
Cash flow	92,899	57,172
Investment in fixed assets	4,000	2,450
Change in cash	2,358	-
Working capital	149,871	60,972
EBIT margin	20.4%	44.8%
Solvency	69.1%	55.5%
Current ratio	3.19	2.22
Debt to equity	0.45	0.80
ROE	59.1%	90.0%
ROA	40.9%	49.9%
Customer credit	41 days	52 days
Supplier credit	21 days	81 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on IUGIS CONSTRUCT

The operating result for 2020 is 30% higher than in 2019.

Debt's share of the balance-sheet total falls from 44.5% to 30.9%. Equity and debt are higher.