L.&J. CONSTRUCT
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (63 days) Filed on 2 October 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00488241.
Turnover
≈ €400,000
Estimated: probably between €280,000 and €710,000
Total assets
€113,363▲ 57.1%
2022 · €72,168
Net result
€10,246▲ 3.0%
2022 · €9,949
Working capital
€4,682▲ 491%
2022 · €792
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 36% above 2022 and is the highest 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€17,006
2023
Net result€10,246
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€113,363
2023
Equity€15,719
2023
Debt€97,644
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€4,682
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.0%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency13.9%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.05
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2.8
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€4,784-€789-€9,951-€12,997▼ 30.6%€12,477€17,006▲ 36.3%
Net result-€7,441--€2,550▲ 65.7%-€12,437below the sector's middle half▼ 388%-€15,687below the sector's middle half▼ 26.1%€9,949within the sector's middle half€10,246within the sector's middle half▲ 3.0%
Equity€26,199-€23,649▼ 9.7%€11,212below the sector's middle half▼ 52.6%-€4,475below the sector's middle half€5,474below the sector's middle half€15,719within the sector's middle half▲ 187%
Total assets€95,399-€87,827▼ 7.9%€52,802below the sector's middle half▼ 39.9%€55,251below the sector's middle half▲ 4.6%€72,168within the sector's middle half▲ 30.6%€113,363within the sector's middle half▲ 57.1%
Debt€69,201-€64,177▼ 7.3%€41,590▼ 35.2%€59,726▲ 43.6%€66,694▲ 11.7%€97,644▲ 46.4%
Working capital€3,328-€22,486▲ 576%€9,420within the sector's middle half▼ 58.1%-€8,648below the sector's middle half€792below the sector's middle half€4,682within the sector's middle half▲ 491%
Solvency27.5%-26.9%▼ 0.5pp21.2%within the sector's middle half▼ 5.7pp-8.1%below the sector's middle half▼ 29.3pp7.6%below the sector's middle half▲ 15.7pp13.9%below the sector's middle half▲ 6.3pp
Current ratio1.07-1.43▲ 0.361.26within the sector's middle half▼ 0.170.84below the sector's middle half▼ 0.411.01below the sector's middle half▲ 0.171.05within the sector's middle half▲ 0.04
Return on assets (ROA)-7.8%--2.9%▲ 4.9pp-23.6%below the sector's middle half▼ 20.7pp-28.4%below the sector's middle half▼ 4.8pp13.8%within the sector's middle half▲ 42.2pp9.0%within the sector's middle half▼ 4.7pp
Staff (FTE)2.8-2.5▼ 10.7%3.3above the sector's middle half▲ 32.0%2.3▼ 30.3%3▲ 30.4%2.8▼ 6.7%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €113,363
Fixed assets
€12,611 ▲ 102%
Current assets
€100,752 ▲ 52.9%
Equity and liabilities €113,363
Equity
€15,719 ▲ 187%
Debt
€97,644 ▲ 46.4%
Debt's share of the balance-sheet total falls from 92.4% to 86.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,750▲
2022 · €14,773
Cash flow
€11,989▼
2022 · €12,245
Quick ratio
0.31▼
2022 · 0.57
Debt to equity
6.21▼
2022 · 12.18
ROE
65.2%▼
2022 · 181.7%
Interest coverage
9.72▲
2022 · 7.76
Debt ≤ 1 year
€96,070▲
2022 · €65,120
Debt > 1 year
€1,574=
2022 · €1,574
Income taxes
€4,831▲
2022 · €624
Staff costs
€40,750▼
2022 · €42,678
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11,600 | €17,438 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €39,170 | €42,678 | €40,750 | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,187 | €8,129 | €6,239 | €3,189 | €2,296 | €1,744 | ▼ 24.1% |
| Other operating charges640/8 | - | - | - | €1,777 | €3,004 | €4,810 | ▲ 60.1% |
| Non-recurring operating charges66A | - | - | - | - | €9,798 | €12,023 | ▲ 22.7% |
| Gross operating margin9900 | €85,212 | €50,527 | €53,874 | €31,138 | €70,253 | €76,334 | ▲ 8.7% |
| Operating profit (loss)9901 | -€4,784 | €789 | -€9,951 | -€12,997 | €12,477 | €17,006 | ▲ 36.3% |
| Financial income75/76B | - | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €2,048 | €1,904 | €1,930 | ▲ 1.3% |
| Recurring financial charges65 | €2,115 | €2,401 | €1,850 | €2,048 | €1,904 | €1,930 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | -€6,899 | -€1,612 | -€11,801 | -€15,045 | €10,573 | €15,077 | ▲ 42.6% |
| Income taxes67/77 | €542 | €938 | €637 | €642 | €624 | €4,831 | ▲ 674% |
| Profit (loss) for the period9904 | -€7,441 | -€2,550 | -€12,437 | -€15,687 | €9,949 | €10,246 | ▲ 3.0% |
| Profit (loss) for the period to be appropriated9905 | -€7,441 | -€2,550 | -€12,437 | -€15,687 | €9,949 | €10,246 | ▲ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €95,399 | €87,827 | €52,802 | €55,251 | €72,168 | €113,363 | ▲ 57.1% |
| Fixed assets21/28 | €42,731 | €13,113 | €6,875 | €8,281 | €6,256 | €12,611 | ▲ 102% |
| Tangible fixed assets22/27 | €42,731 | €13,113 | €6,875 | €8,281 | €6,256 | €12,611 | ▲ 102% |
| Plant, machinery and equipment23 | - | - | - | €1,335 | €3,547 | €3,183 | ▼ 10.3% |
| Furniture and vehicles24 | - | - | - | €4,353 | €743 | €8,091 | ▲ 989% |
| Leasing and similar rights25 | - | - | - | €2,593 | €1,966 | €1,338 | ▼ 31.9% |
| Current assets29/58 | €52,668 | €74,713 | €45,927 | €46,970 | €65,912 | €100,752 | ▲ 52.9% |
| Stocks and contracts in progress3 | €19,811 | €51,825 | €19,185 | €3,949 | €28,905 | €70,921 | ▲ 145% |
| Stocks30/36 | - | - | - | €3,949 | €28,905 | €70,921 | ▲ 145% |
| Amounts receivable within one year40/41 | €4,798 | €9,471 | €13,761 | €19,180 | €21,352 | €10,464 | ▼ 51.0% |
| Trade receivables40 | - | - | - | €5,867 | €15,102 | €4,511 | ▼ 70.1% |
| Other amounts receivable41 | - | - | - | €13,313 | €6,251 | €5,952 | ▼ 4.8% |
| Cash at bank and in hand54/58 | €20,668 | €11,943 | €12,197 | €23,242 | €14,803 | €6,890 | ▼ 53.5% |
| Deferred charges and accrued income490/1 | - | - | - | €599 | €853 | €12,477 | ▲ 15× |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €95,399 | €87,827 | €52,802 | €55,251 | €72,168 | €113,363 | ▲ 57.1% |
| Equity10/15 | €26,199 | €23,649 | €11,212 | -€4,475 | €5,474 | €15,719 | ▲ 187% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €13,729 | €13,729 | €13,729 | €13,729 | €13,729 | €13,729 | = |
| Non-distributable reserves130/1 | - | - | - | €829 | €829 | €829 | = |
| Reserves not available under the articles1311 | - | - | - | €829 | €829 | €829 | = |
| Distributable reserves133 | - | - | - | €12,900 | €12,900 | €12,900 | = |
| Profit (loss) carried forward14 | -€6,130 | -€8,680 | -€21,117 | -€36,804 | -€26,855 | -€16,610 | ▲ 38.2% |
| Amounts payable17/49 | €69,201 | €64,177 | €41,590 | €59,726 | €66,694 | €97,644 | ▲ 46.4% |
| Amounts payable after more than one year17 | €19,861 | €11,951 | €5,070 | €4,108 | €1,574 | €1,574 | = |
| Financial debts170/4 | - | - | - | €4,108 | €1,574 | €1,574 | = |
| Amounts payable within one year42/48 | €49,340 | €52,227 | €36,507 | €55,618 | €65,120 | €96,070 | ▲ 47.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,689 | €1,895 | - | - |
| Trade debts44 | €28,829 | €23,969 | €24,394 | €42,373 | €50,978 | €69,053 | ▲ 35.5% |
| Suppliers440/4 | - | - | - | €42,373 | €40,654 | €69,053 | ▲ 69.9% |
| Bills of exchange payable441 | - | - | - | - | €10,324 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €5,980 | €8,546 | €23,354 | ▲ 173% |
| Taxes450/3 | - | - | - | €5,940 | €8,406 | €18,783 | ▲ 123% |
| Remuneration and social security454/9 | - | - | - | €40 | €140 | €4,571 | ▲ 33× |
| Other amounts payable47/48 | - | - | - | €3,576 | €3,701 | €3,662 | ▼ 1.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,441 | -€2,550 | -€12,437 | -€15,687 | €9,949 | €10,246 | ▲ 3.0% |
| + Depreciation and write-downs630 | €13,187 | €8,129 | €6,239 | €3,189 | €2,296 | €1,744 | ▼ 24.1% |
| Operating cash flow (approximation) | €5,745 | €5,579 | -€6,198 | -€12,498 | €12,245 | €11,989 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | €21,489 | €0 | -€4,595 | -€271 | -€8,099 | ▼ 2,889% |
| Change in cash | - | -€8,725 | €254 | €11,045 | -€8,439 | -€7,912 | ▲ 6.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 02-10-2024 | 2024-00488241 |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00147883 |
| 31-12-2021 | micro format | 16-12-2022 | 2022-20542759 |
| 31-12-2020 | micro format | 22-10-2021 | 2021-73000078 |
| 31-12-2019 | micro format | 04-10-2020 | 2020-59000143 |
| 31-12-2018 | micro format | 08-07-2019 | 2019-30700578 |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41900310 |
| 31-12-2016 | full format | 11-07-2017 | 2017-30500432 |
Similar companies · same sector, comparable size
STIJNVEST
BE 1014.501.620
Brugge · equity €15,715
COCKX
BE 0463.238.940
Glabbeek · equity €15,724
MSVJ
BE 1021.575.789
Zaventem · equity €15,713
AS CONSTRUCT CARRO-CHAPE
BE 0737.710.635
Mons · equity €15,727
Immo Boum
BE 0750.909.959
Brussel · equity €15,741
Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,389. 11,171 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.