LS Projects
Open bankruptcyFinancials · financial year 2016, abbreviated format
Turnover
≈ €250,000
Estimated: probably between €120,000 and €490,000
Total assets
€162,816▲ 121%
2015 · €73,610
Net result
€3,133▼ 52.5%
2015 · €6,595
Working capital
€13,795▲ 29.7%
2015 · €10,637
Trend over the years
2013 to 2016, 4 financial years 2013 to 2016, 4 financial years
The operating result recovers in 2016; 2016 is 6.2 times 2015.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€20,004
2016
Net result€3,133
2016
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€162,816
2016
Equity€14,637
2016
Debt€148,179
2016
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€13,795
2016
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2013201420152016
Operating result-€3,891-€31,205€3,215▼ 89.7%€20,004▲ 522%
Net result-€4,113-€2,452€6,595▲ 169%€3,133▼ 52.5%
Equity€2,456-€4,908▲ 99.9%€11,504▲ 134%€14,637▲ 27.2%
Total assets€151,156-€84,725▼ 43.9%€73,610▼ 13.1%€162,816▲ 121%
Debt€148,700-€79,816▼ 46.3%€62,107▼ 22.2%€148,179▲ 139%
Working capital-€4,502-€475€10,637▲ 22×€13,795▲ 29.7%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €162,816
Fixed assets
€841 ▼ 2.9%
Current assets
€161,974 ▲ 123%
Equity and liabilities €162,816
Equity
€14,637 ▲ 27.2%
Debt
€148,179 ▲ 139%
Debt's share of the balance-sheet total rises from 84.4% to 91.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,438▲
2015 · €6,091
Cash flow
€3,567▼
2015 · €9,472
Current ratio
1.09▼
2015 · 1.17
ROE
21.4%▼
2015 · 57.3%
ROA
1.9%▼
2015 · 9.0%
Debt ≤ 1 year
€148,179▲
2015 · €62,107
Income taxes
€4,152▲
2015 · €4,054
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,875 | €3,044 | €2,876 | €434 | ▼ 84.9% |
| Gross operating margin9900 | €2,021 | €34,888 | €7,235 | €21,712 | ▲ 200% |
| Operating profit (loss)9901 | -€3,891 | €31,205 | €3,215 | €20,004 | ▲ 522% |
| Recurring financial income75 | €677 | €77 | €97 | €205 | ▲ 112% |
| Recurring financial charges65 | €897 | €26,453 | €6,712 | €3,924 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | -€4,112 | €4,829 | €10,650 | €7,285 | ▼ 31.6% |
| Income taxes67/77 | €1 | €2,376 | €4,054 | €4,152 | ▲ 2.4% |
| Profit (loss) for the period9904 | -€4,113 | €2,452 | €6,595 | €3,133 | ▼ 52.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,113 | €2,452 | €6,595 | €3,133 | ▼ 52.5% |
| Line | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €151,156 | €84,725 | €73,610 | €162,816 | ▲ 121% |
| Fixed assets21/28 | €6,958 | €4,433 | €867 | €841 | ▼ 2.9% |
| Tangible fixed assets22/27 | €5,458 | €2,933 | €867 | €841 | ▼ 2.9% |
| Financial fixed assets28 | €1,500 | €1,500 | - | - | - |
| Current assets29/58 | €144,198 | €80,292 | €72,744 | €161,974 | ▲ 123% |
| Stocks and contracts in progress3 | €6,600 | €3,167 | - | - | - |
| Amounts receivable within one year40/41 | €133,419 | €74,032 | €54,430 | €149,082 | ▲ 174% |
| Cash at bank and in hand54/58 | €3,544 | €3,092 | €18,314 | €12,892 | ▼ 29.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €151,156 | €84,725 | €73,610 | €162,816 | ▲ 121% |
| Equity10/15 | €2,456 | €4,908 | €11,504 | €14,637 | ▲ 27.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €369 | €369 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€4,113 | -€1,660 | €3,444 | €6,577 | ▲ 91.0% |
| Amounts payable17/49 | €148,700 | €79,816 | €62,107 | €148,179 | ▲ 139% |
| Amounts payable within one year42/48 | €148,700 | €79,816 | €62,107 | €148,179 | ▲ 139% |
| Trade debts44 | €137,649 | €73,447 | €52,997 | €95,245 | ▲ 79.7% |
| Line | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,113 | €2,452 | €6,595 | €3,133 | ▼ 52.5% |
| + Depreciation and write-downs630 | €2,875 | €3,044 | €2,876 | €434 | ▼ 84.9% |
| Operating cash flow (approximation) | -€1,238 | €5,496 | €9,472 | €3,567 | ▼ 62.3% |
| Investment in fixed assets (approximation) | - | -€518 | €690 | -€409 | - |
| Change in cash | - | -€452 | €15,222 | -€5,422 | - |
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 (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03300143 |
| 30-06-2015 | abbreviated format | 28-01-2016 | 2016-03200360 |
| 30-06-2014 | abbreviated format | 15-01-2015 | 2015-01700465 |
| 30-06-2013 | abbreviated format | 09-04-2014 | 2014-09200163 |
| 30-06-2012 | abbreviated format | 25-04-2013 | 2013-09900087 |
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Of the 29,217 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,303. 10,888 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.