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Kint Construct

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Private limited company (pre-2019)founded 2011Spitaalstraat 143, 8790 Waregem, BelgiumKBO/BCE: BE 0835.131.396
Kint ConstructOpen bankruptcy

Financials · financial year 2022, abbreviated format

2022 annual accounts filed 66 days after the deadline Filed on 5 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00479232.

Annual accounts 2022 filed on 05-10-2023 PDF all 9 filings

Turnover
≈ €940,000
Estimated: probably between €710,000 and €1.5m
Total assets
€286,855▼ 39.4%
2021 · €473,453
Net result
€36,683▲ 30.3%
2021 · €28,161
Working capital
€62,696▼ 51.2%
2021 · €128,550
Trend over the years

2018 to 2022, 5 financial years 2018 to 2022, 5 financial years

The operating result for 2022 is 20% higher than in 2021. It is the second rise in a row, after the fall in 2020.

Operating result€76,365 2022 Net result€36,683 2022

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

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

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022
Operating result€21,111-€220,912▲ 946%-€48,559€63,375€76,365▲ 20.5%
Net result€9,633-€59,487▲ 518%-€54,348below the sector's middle half€28,161within the sector's middle half€36,683within the sector's middle half▲ 30.3%
Equity€20,221-€79,708▲ 294%€25,360below the sector's middle half▼ 68.2%€53,521below the sector's middle half▲ 111%€90,204below the sector's middle half▲ 68.5%
Total assets€409,579-€532,873▲ 30.1%€414,031within the sector's middle half▼ 22.3%€473,453within the sector's middle half▲ 14.4%€286,855below the sector's middle half▼ 39.4%
Debt€389,358-€453,165▲ 16.4%€388,671▼ 14.2%€419,932▲ 8.0%€196,651▼ 53.2%
Working capital-€17,652-€192,461€114,929within the sector's middle half▼ 40.3%€128,550within the sector's middle half▲ 11.9%€62,696within the sector's middle half▼ 51.2%
Solvency4.9%-15.0%▲ 10.0pp6.1%below the sector's middle half▼ 8.8pp11.3%below the sector's middle half▲ 5.2pp31.4%within the sector's middle half▲ 20.1pp
Current ratio0.93-1.59▲ 0.661.43within the sector's middle half▼ 0.161.41within the sector's middle half▼ 0.011.32within the sector's middle half▼ 0.10
Return on assets (ROA)2.4%-11.2%▲ 8.8pp-13.1%below the sector's middle half▼ 24.3pp5.9%within the sector's middle half▲ 19.1pp12.8%above the sector's middle half▲ 6.8pp
Staff (FTE)7.2-6.7▼ 6.9%6.9within the sector's middle half▲ 3.0%6.4within the sector's middle half▼ 7.2%6within the sector's middle half▼ 6.3%
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €286,855
Fixed assets €27,508 ▼ 20.6%
Current assets €259,347 ▼ 40.9%
Equity and liabilities €286,855
Equity €90,204 ▲ 68.5%
Debt €196,651 ▼ 53.2%
Debt's share of the balance-sheet total falls from 88.7% to 68.6%. Equity is higher and debt is lower.
Key figures and ratios
2022 value · change against 2021
EBITDA
€85,211▲
2021 · €73,891
Cash flow
€45,528▲
2021 · €38,677
Quick ratio
0.78▼
2021 · 1.11
Debt to equity
2.18▼
2021 · 7.85
ROE
40.7%▼
2021 · 52.6%
Interest coverage
5.11▼
2021 · 6.36
Debt ≤ 1 year
€196,651▼
2021 · €310,253
Income taxes
€25,413▲
2021 · €23,844
Staff costs
€271,484▼
2021 · €280,754
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-201931-12-202031-12-202131-12-2022
Employees at the balance-sheet date6666
full-time6666
in full-time equivalents6666
Average over the year, in full-time equivalents6.76.96.46
On a permanent contract6666
Joined0---
Left1---
Training hours55---

Source: social balance sheet in the 2019 to 2022 annual accounts

Securities and guarantees

on own assets and for others
Item20182019202020212022
Debts secured on the company's own assets€164,863€145,610---
Mortgages, amount registered€182,500----
Carrying value of the mortgaged assets€170,819----
Pledge on the business€182,500----

Source: notes to the 2018 to 2022 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20182019202020212022
Tangible fixed assets€8,511€2,447€24,165€12,651€1,704
Intangible fixed assets-€1,953€1,927€2,041-
Depreciation and write-downs of the year€17,557€10,545€9,648€10,516€8,845

Source: notes to the 2018 to 2022 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2024 · 4 entries · €3,830 awarded · €3,876 paid
Year Entries AwardedPaid
2024 2 €2,315€2,315
2023 1 €641€687
2022 1 €874€874
Schemes
1 entry · €2,000 · €2,000 paid · Departement Werk en Sociale Economie
3 entries · €1,830 · €1,876 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 55 lines
Balance sheet Code20212022
Assets
Total assets20/58€473,453€286,855▼
Fixed assets21/28€34,649€27,508▼
Intangible fixed assets21€3,768€2,584▼
Tangible fixed assets22/27€28,751€22,793▼
Land and buildings22€2,103€1,500▼
Plant, machinery and equipment23€20,041€16,689▼
Furniture and vehicles24€6,606€4,605▼
Financial fixed assets28€2,131€2,131=
Current assets29/58€438,803€259,347▼
Stocks and contracts in progress3€95,407€105,842▲
Stocks30/36€95,407€105,842▲
Amounts receivable within one year40/41€130,136€145,611▲
Trade receivables40€62,833€36,259▼
Other amounts receivable41€67,303€109,352▲
Cash at bank and in hand54/58€210,796€4,936▼
Deferred charges and accrued income490/1€2,465€2,958▲
Equity and liabilities
Total equity and liabilities10/49€473,453€286,855▼
Equity10/15€53,521€90,204▲
Contributions10/11€18,600€18,600=
Reserves13€61,108€71,604▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€59,248€69,744▲
Profit (loss) carried forward14-€26,187-
Amounts payable17/49€419,932€196,651▼
Amounts payable after more than one year17€109,679-
Financial debts170/4€109,679-
Amounts payable within one year42/48€310,253€196,651▼
Current portion of amounts payable after more than one year42€8,698-
Financial debts43€50,000-
Credit institutions430/8€50,000-
Trade debts44€115,393€187,359▲
Suppliers440/4€115,393€187,359▲
Taxes, remuneration and social security45€136,162€9,292▼
Taxes450/3€124,163-
Remuneration and social security454/9€11,999€9,292▼
Income statement Code20212022
Non-recurring operating income76A€555€1,235▲
Remuneration, social security and pensions62€280,754€271,484▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,516€8,845▼
Other operating charges640/8€699€13,938▲
Gross operating margin9900€355,344€370,633▲
Operating profit (loss)9901€63,375€76,365▲
Financial income75/76B€255€2,408▲
Recurring financial income75€255€2,408▲
Financial charges65/66B€11,626€16,677▲
Recurring financial charges65€11,626€16,677▲
Profit (loss) for the period before taxes9903€52,005€62,096▲
Income taxes67/77€23,844€25,413▲
Profit (loss) for the period9904€28,161€36,683▲
Profit (loss) for the period to be appropriated9905€28,161€36,683▲
Appropriation of the result
Profit (loss) to be appropriated9906-€26,187€10,496▲
Profit (loss) brought forward from the previous period14P-€54,348-€26,187▲
Transfer to equity691/2-€10,496
To other reserves6921-€10,496
Social balance sheet
Average headcount (FTE)90876.46.0▼

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2022 (PDF), filed on 05-10-2023.

Line20182019202020212022Change
Non-recurring operating income76A-€59,541-€555€1,235▲ 123%
Remuneration, social security and pensions62€301,664€270,553€291,452€280,754€271,484▼ 3.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,557€10,545€9,648€10,516€8,845▼ 15.9%
Other operating charges640/8€2,901€6,903€2,442€699€13,938▲ 20×
Gross operating margin9900€343,233€508,913€254,982€355,344€370,633▲ 4.3%
Operating profit (loss)9901€21,111€220,912-€48,559€63,375€76,365▲ 20.5%
Financial income75/76B€1,081€2,001€5,518€255€2,408▲ 843%
Recurring financial income75€8€2,001€2,089€255€2,408▲ 843%
Non-recurring financial income76B€1,073-€3,429---
Financial charges65/66B€9,734€13,786€11,017€11,626€16,677▲ 43.4%
Recurring financial charges65€9,734€13,786€11,017€11,626€16,677▲ 43.4%
Profit (loss) for the period before taxes9903€12,458€209,126-€54,058€52,005€62,096▲ 19.4%
Income taxes67/77€2,825€149,639€290€23,844€25,413▲ 6.6%
Profit (loss) for the period9904€9,633€59,487-€54,348€28,161€36,683▲ 30.3%
Profit (loss) for the period to be appropriated9905€9,633€59,487-€54,348€28,161€36,683▲ 30.3%
Line20182019202020212022Change
Assets
Total assets20/58€409,579€532,873€414,031€473,453€286,855▼ 39.4%
Fixed assets21/28€183,483€14,030€30,474€34,649€27,508▼ 20.6%
Intangible fixed assets21-€1,562€2,809€3,768€2,584▼ 31.4%
Tangible fixed assets22/27€181,352€10,337€25,534€28,751€22,793▼ 20.7%
Land and buildings22€170,819€5,008€5,211€2,103€1,500▼ 28.7%
Plant, machinery and equipment23€8,301€4,468€13,419€20,041€16,689▼ 16.7%
Furniture and vehicles24€2,232€861€6,904€6,606€4,605▼ 30.3%
Financial fixed assets28€2,131€2,131€2,131€2,131€2,131=
Current assets29/58€226,097€518,843€383,558€438,803€259,347▼ 40.9%
Stocks and contracts in progress3€97,550€85,702€94,278€95,407€105,842▲ 10.9%
Stocks30/36€88,841€84,019€94,278€95,407€105,842▲ 10.9%
Contracts in progress37€8,709€1,683----
Amounts receivable within one year40/41€128,464€230,338€71,207€130,136€145,611▲ 11.9%
Trade receivables40€90,883€167,385€4,814€62,833€36,259▼ 42.3%
Other amounts receivable41€37,581€62,953€66,393€67,303€109,352▲ 62.5%
Cash at bank and in hand54/58€83€202,802€215,571€210,796€4,936▼ 97.7%
Deferred charges and accrued income490/1--€2,503€2,465€2,958▲ 20.0%
Equity and liabilities
Total equity and liabilities10/49€409,579€532,873€414,031€473,453€286,855▼ 39.4%
Equity10/15€20,221€79,708€25,360€53,521€90,204▲ 68.5%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Capital10€18,600€18,600----
Issued capital100€18,600€18,600----
Reserves13€1,860€61,108€61,108€61,108€71,604▲ 17.2%
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Legal reserve130€1,860€1,860----
Reserves not available under the articles1311--€1,860€1,860€1,860=
Distributable reserves133-€59,248€59,248€59,248€69,744▲ 17.7%
Profit (loss) carried forward14-€239--€54,348-€26,187--
Amounts payable17/49€389,358€453,165€388,671€419,932€196,651▼ 53.2%
Amounts payable after more than one year17€145,610€126,783€118,377€109,679--
Financial debts170/4€145,610€126,783€118,377€109,679--
Amounts payable within one year42/48€243,749€326,382€268,629€310,253€196,651▼ 36.6%
Current portion of amounts payable after more than one year42€19,253€19,386€8,405€8,698--
Financial debts43€67,486€50,000€50,000€50,000--
Credit institutions430/8€67,486€50,000€50,000€50,000--
Trade debts44€150,074€99,833€85,387€115,393€187,359▲ 62.4%
Suppliers440/4€150,074€99,833€85,387€115,393€187,359▲ 62.4%
Taxes, remuneration and social security45€6,935€157,163€124,836€136,162€9,292▼ 93.2%
Taxes450/3-€149,639€124,836€124,163--
Remuneration and social security454/9€6,935€7,524-€11,999€9,292▼ 22.6%
Accrued charges and deferred income492/3--€1,666---
Line20182019202020212022Change
Profit (loss) for the period9904€9,633€59,487-€54,348€28,161€36,683▲ 30.3%
+ Depreciation and write-downs630€17,557€10,545€9,648€10,516€8,845▼ 15.9%
Operating cash flow (approximation)€27,190€70,032-€44,700€38,677€45,528▲ 17.7%
Investment in fixed assets (approximation)-€158,907-€26,091-€14,692-€1,704▲ 88.4%
Change in cash-€202,720€12,768-€4,774-€205,860▼ 4,212%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (9)
Financial year Type Filed Reference Document
31-12-2022 abbreviated format 05-10-2023 2023-00479232 PDF
31-12-2021 abbreviated format 26-12-2022 2022-20546424 PDF
31-12-2020 abbreviated format 16-06-2022 2022-20071335 PDF
31-12-2019 abbreviated format 02-06-2022 2022-20046812 PDF
31-12-2018 abbreviated format 12-05-2022 2022-20026403 PDF
31-12-2017 abbreviated format 18-07-2018 2018-34700034 PDF
31-12-2016 abbreviated format 20-07-2017 2017-34200518 PDF
31-12-2015 abbreviated format 20-07-2016 2016-33600145 PDF
31-12-2014 abbreviated format 01-07-2015 2015-25500083 PDF