IUGIS CONSTRUCT

Inactive KBO/BCE: BE 0697.586.683

IUGIS CONSTRUCT

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Overview

Lifetime

2 annual accounts with figures on one time axis

Turnoverpeak €516,086 (2020)

€516,086▲ 184%

Resultpeak €90,341 (2020)

€90,341▲ 60.9%

Equitypeak €152,742 (2020)

€152,742▲ 145%

Debts

€68,290▲ 36.3%

Documentsfilings and deeds

10-11-202010 days late

2020micro format

Turnover from €181,608 to €516,086Gross margin from €82,699 to €109,745Result from €56,151 to €90,341Equity from €62,401 to €152,742Debts from €50,110 to €68,290

Key points

from the 2020 annual accounts, the last ones filed

Turnover

€516,086 ▲ 184%

Turnover rose in 2020 from €181,608 to €516,086.

Payment terms

141 days from customers

Customers

192 to 141

Customers pay 51 days earlier.

Liquidity

3.19 was 2.22 in 2019

Short-term debts rose from €50,110 to €68,290.

No score

Recent changes

07-02-2024

Bankruptcy closure (insufficient assets) French-language Enterprise Court of Brussels · judgment of 30-01-2024 · Bankruptcy

17-11-2022

Bankruptcy published French-language Enterprise Court of Brussels · judgment of 07-11-2022 · Bankruptcy

06-06-2018

Incorporation 3 publications in the Belgian Official Gazette, the last on 23-03-2020 · Gazette deed

All 6 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 06-06-2018 · bankruptcy closed on 30-01-2024
Activity: No activity registered in the KBO
Financial year end: 31 March
Peppol: Not found in the Peppol Directory

Company details

Annual accounts to 31-03-2020

Turnover: €516,086▲ 184%
Profit: €90,341▲ 60.9%
Equity: €152,742▲ 145%
Total assets: €221,031▲ 96.5%
Filing: Filed on 10-11-2020

Financials

Insights on IUGIS CONSTRUCT

On 7 November 2022 the court declared IUGIS CONSTRUCT bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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.

Download as CSV

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.

Board & ownership

Curator

1 mandate

Jacques Piron

Curator, Avenue De La Toison D’Or 77, 1060 Saint-Gilles

from 07-11-2022 to 30-01-2024

Also on 211 other cases

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital: €6,250
Source: 2019 annual accounts

Office holders in the KBO →

Timeline

6 events since 2018

Filings

Financial

Insolvency

20182020202220242026

2024

07-02-2024

Bankruptcy closure (insufficient assets) French-language Enterprise Court of Brussels · judgment of 30-01-2024

2022

17-11-2022

Bankruptcy published French-language Enterprise Court of Brussels · judgment of 07-11-2022

2020

10-11-2020

Annual accounts 2020 filed PDFmicro format · 10 days late

31-03-2020

Equity above €150,000 equity €152,742 ▲145% With a profit in every financial year since 2019, equity grows to €152,742.

2019

02-10-2019

Annual accounts 2019 filed PDFmicro format · 29 days before the deadline

2018

06-06-2018

Incorporation PDF3 publications in the Belgian Official Gazette, the last on 23-03-2020

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

IUGIS CONSTRUCT has filed 2 sets of annual accounts, the latest for financial year 2020.¹ The company was declared bankrupt on 7 November 2022. The bankruptcy was closed on 30 January 2024.²³

Company details

Inactive

IUGIS CONSTRUCT is no longer in the KBO register.

Last annual accounts: financial year to 31 March 2020
Last registered office: Rue Theophile De Baisieux 90, 1090 Jetteas published on 23 March 2020
Legal form: Private limited company (pre-2019)
First annual accounts: financial year 2019

Official KBO record