LEHRBACH CONSTRUCT
Dissolution or liquidationFinancials · financial year 2021, full format
2021 annual accounts filed late (129 days) Filed on 7 December 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20533024.
Turnover
€2.0m
EBIT margin
4.6%
Net result
€30,453▼ 51.4%
2020 · €62,654
Working capital
€407,086▲ 8.3%
2020 · €375,820
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result falls in 2021; 2021 is 42% below 2020 and is 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€0.05m
2021
Net result€0.03m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.6m
2021
Equity€0.4m
2021
Debt€0.2m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€2.0m
Operating result€0.2m-€0.07m▼ 63.1%€0.09m▲ 30.3%€0.05m▼ 41.9%
Net result€0.2m-€0.04m▼ 70.6%€0.06m▲ 39.6%€0.03m▼ 51.4%
EBIT margin4.6%
Equity€0.3m-€0.3m▲ 16.4%€0.4m▲ 19.7%€0.4m▲ 8.0%
Total assets€0.7m-€0.7m▼ 5.6%€0.8m▲ 14.6%€0.6m▼ 20.7%
Debt€0.5m-€0.4m▼ 18.6%€0.4m▲ 10.3%€0.2m▼ 47.1%
Working capital€0.2m-€0.3m▲ 24.0%€0.4m▲ 23.7%€0.4m▲ 8.3%
Staff (FTE)2
Why a figure moved sharply
- 2019 Net result -71% on 2018. The accounts now follow the full format, last year the micro format.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €630,718
Fixed assets
€4,382 ▼ 15.6%
Current assets
€626,336 ▼ 20.7%
Equity and liabilities €630,718
Equity
€411,468 ▲ 8.0%
Debt
€219,250 ▼ 47.1%
Debt's share of the balance-sheet total falls from 52.1% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,252▼
2020 · €102,083
Cash flow
€32,474▼
2020 · €71,419
Current ratio
2.86▲
2020 · 1.91
Debt to equity
0.53
ROE
7.4%▼
2020 · 16.4%
ROA
4.8%▼
2020 · 7.9%
Interest coverage
9.09
Debt ≤ 1 year
€219,250▼
2020 · €414,233
Income taxes
€17,592▼
2020 · €23,823
Staff costs
€98,322
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 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €2.0m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.01m | €0.009m | €0.002m | ▼ 76.9% |
| Other operating charges640/8 | - | - | - | €0.003m | - |
| Gross operating margin9900 | €0.2m | €0.1m | €0.2m | €0.2m | ▼ 22.3% |
| Operating profit (loss)9901 | €0.2m | €0.07m | €0.09m | €0.05m | ▼ 41.9% |
| Recurring financial income75 | - | - | €321 | - | - |
| Financial charges65/66B | - | - | - | €0.006m | - |
| Recurring financial charges65 | €0.004m | €0.006m | €0.007m | €0.006m | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.07m | €0.09m | €0.05m | ▼ 44.4% |
| Income taxes67/77 | €0.04m | €0.02m | €0.02m | €0.02m | ▼ 26.2% |
| Profit (loss) for the period9904 | €0.2m | €0.04m | €0.06m | €0.03m | ▼ 51.4% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.04m | €0.06m | €0.03m | ▼ 51.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €735,223 | €693,999 | €795,247 | €630,718 | ▼ 20.7% |
| Fixed assets21/28 | €28,528 | €14,538 | €5,194 | €4,382 | ▼ 15.6% |
| Tangible fixed assets22/27 | €27,228 | €13,238 | €3,894 | €3,082 | ▼ 20.9% |
| Furniture and vehicles24 | - | - | - | €3,082 | - |
| Financial fixed assets28 | €1,300 | €1,300 | €1,300 | €1,300 | = |
| Current assets29/58 | €706,695 | €679,461 | €790,053 | €626,336 | ▼ 20.7% |
| Amounts receivable within one year40/41 | €704,746 | €642,064 | €788,104 | €605,803 | ▼ 23.1% |
| Trade receivables40 | - | - | - | €579,339 | - |
| Other amounts receivable41 | - | - | - | €26,464 | - |
| Cash at bank and in hand54/58 | - | €35,448 | - | €17,306 | - |
| Deferred charges and accrued income490/1 | - | - | - | €3,227 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €735,223 | €693,999 | €795,247 | €630,718 | ▼ 20.7% |
| Equity10/15 | €273,492 | €318,360 | €381,014 | €411,468 | ▲ 8.0% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Contributions outside capital11 | - | - | - | €30,987 | - |
| Other1109/19 | - | - | - | €30,987 | - |
| Reserves13 | €7,681 | €7,681 | €70,335 | €380,481 | ▲ 441% |
| Non-distributable reserves130/1 | - | - | - | €3,099 | - |
| Legal reserve130 | - | - | - | €3,099 | - |
| Distributable reserves133 | - | - | - | €377,382 | - |
| Profit (loss) carried forward14 | €234,825 | €279,693 | €279,693 | - | - |
| Amounts payable17/49 | €461,731 | €375,638 | €414,233 | €219,250 | ▼ 47.1% |
| Amounts payable within one year42/48 | €461,731 | €375,638 | €414,233 | €219,250 | ▼ 47.1% |
| Trade debts44 | €309,261 | €232,136 | €265,051 | €170,316 | ▼ 35.7% |
| Suppliers440/4 | - | - | - | €170,316 | - |
| Taxes, remuneration and social security45 | - | - | - | €48,934 | - |
| Taxes450/3 | - | - | - | €41,040 | - |
| Remuneration and social security454/9 | - | - | - | €7,894 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €152,779 | €44,868 | €62,654 | €30,453 | ▼ 51.4% |
| + Depreciation and write-downs630 | €13,576 | €13,991 | €8,765 | €2,020 | ▼ 76.9% |
| Operating cash flow (approximation) | €166,355 | €58,859 | €71,419 | €32,474 | ▼ 54.5% |
| Investment in fixed assets (approximation) | - | €0 | €579 | -€1,208 | - |
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 44 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | full format | 07-12-2022 | 2022-20533024 |
| 31-12-2020 | full format | 20-11-2021 | 2021-77900174 |
| 31-12-2019 | full format | 11-12-2020 | 2020-75300100 |
| 31-12-2018 | micro format | 14-12-2019 | 2019-76000565 |
| 31-12-2017 | micro format | 30-09-2018 | 2018-68400057 |
| 31-12-2016 | full format | 30-09-2017 | 2017-66000401 |
| 31-12-2015 | full format | 31-08-2016 | 2016-56900020 |
| 31-12-2014 | full format | 31-08-2015 | 2015-54800020 |
| 31-12-2013 | full format | 28-08-2014 | 2014-51500196 |
| 31-12-2012 | full format | 10-07-2013 | 2013-29100183 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.