Luso Construct
Open bankruptcyFinancials · financial year 2023, abbreviated format
2023 annual accounts filed late (42 days) Filed on 11 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00458957.
Turnover
≈ €1.6m
Estimated: probably between €1.3m and €1.9m
Total assets
€555,235▲ 45.3%
2022 · €382,191
Net result
€172,618▲ 482%
2022 · €29,682
Working capital
€143,922
2022 · -€34,481
Trend over the years
2019 to 2023, 5 financial years
After the dip in 2020 the operating result has climbed three years in a row; 2023 is nearly 4.9 times 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€197,705
2023
Net result€172,618
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€555,235
2023
Equity€223,317
2023
Debt€331,918
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€143,922
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)31.1%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency40.2%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.51
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)4.9
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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
Line20192020202120222023
Operating result€668,675--€377,992-€160,579▲ 57.5%€40,613€197,705▲ 387%
Net result€479,236--€312,313below the sector's middle half-€152,707below the sector's middle half▲ 51.1%€29,682within the sector's middle half€172,618above the sector's middle half▲ 482%
Equity€486,036-€173,723within the sector's middle half▼ 64.3%€21,017below the sector's middle half▼ 87.9%€50,699below the sector's middle half▲ 141%€223,317within the sector's middle half▲ 340%
Total assets€915,547-€266,871below the sector's middle half▼ 70.9%€452,691within the sector's middle half▲ 69.6%€382,191below the sector's middle half▼ 15.6%€555,235within the sector's middle half▲ 45.3%
Debt€429,511-€93,147▼ 78.3%€431,675▲ 363%€331,492▼ 23.2%€331,918▲ 0.1%
Working capital€429,997-€29,318below the sector's middle half▼ 93.2%-€92,558below the sector's middle half-€34,481below the sector's middle half▲ 62.7%€143,922within the sector's middle half
Solvency53.1%-65.1%above the sector's middle half▲ 12.0pp4.6%below the sector's middle half▼ 60.5pp13.3%below the sector's middle half▲ 8.6pp40.2%within the sector's middle half▲ 27.0pp
Current ratio2.03-1.42within the sector's middle half▼ 0.610.77below the sector's middle half▼ 0.650.88below the sector's middle half▲ 0.111.51within the sector's middle half▲ 0.63
Return on assets (ROA)52.3%--117.0%below the sector's middle half▼ 169.4pp-33.7%below the sector's middle half▲ 83.3pp7.8%within the sector's middle half▲ 41.5pp31.1%above the sector's middle half▲ 23.3pp
Staff (FTE)7.2-9.5within the sector's middle half▲ 31.9%5.9within the sector's middle half▼ 37.9%4.7within the sector's middle half▼ 20.3%4.9within the sector's middle half▲ 4.3%
above
within
below
the middle half of NACE 43, Specialised construction activities: 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 abbreviated 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 €555,235
Fixed assets
€127,402 ▼ 3.6%
Current assets
€427,833 ▲ 71.1%
Equity and liabilities €555,235
Equity
€223,317 ▲ 340%
Debt
€331,918 ▲ 0.1%
Debt's share of the balance-sheet total falls from 86.7% to 59.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€207,671▲
2022 · €50,986
Cash flow
€182,584▲
2022 · €40,054
Debt to equity
1.49▼
2022 · 6.54
ROE
77.3%▲
2022 · 58.5%
Interest coverage
24.39▲
2022 · 4.63
Debt ≤ 1 year
€283,911▼
2022 · €284,492
Income taxes
€16,619▲
2022 · €0
Staff costs
€272,787▲
2022 · €197,460
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.005m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €0.3m | €0.2m | €0.3m | ▲ 38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 3.9% |
| Other operating charges640/8 | - | - | €0.02m | €0.005m | €0.005m | ▲ 1.3% |
| Non-recurring operating charges66A | - | - | €0 | - | €0.1m | - |
| Gross operating margin9900 | €1.1m | €0.06m | €0.2m | €0.3m | €0.6m | ▲ 133% |
| Operating profit (loss)9901 | €0.7m | -€0.4m | -€0.2m | €0.04m | €0.2m | ▲ 387% |
| Financial income75/76B | - | - | €277 | €75 | €47 | ▼ 37.7% |
| Recurring financial income75 | €0.002m | €0.001m | €277 | €75 | €47 | ▼ 37.7% |
| Financial charges65/66B | - | - | €0.006m | €0.01m | €0.009m | ▼ 22.6% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.006m | €0.01m | €0.009m | ▼ 22.6% |
| Profit (loss) for the period before taxes9903 | €0.7m | -€0.4m | -€0.2m | €0.03m | €0.2m | ▲ 538% |
| Income taxes67/77 | €0.2m | -€0.07m | -€0.01m | €0 | €0.02m | - |
| Profit (loss) for the period9904 | €0.5m | -€0.3m | -€0.2m | €0.03m | €0.2m | ▲ 482% |
| Profit (loss) for the period to be appropriated9905 | €0.5m | -€0.3m | -€0.2m | €0.03m | €0.2m | ▲ 482% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €915,547 | €266,871 | €452,691 | €382,191 | €555,235 | ▲ 45.3% |
| Formation expenses20 | €463 | €0 | - | - | - | - |
| Fixed assets21/28 | €67,968 | €167,406 | €148,575 | €132,180 | €127,402 | ▼ 3.6% |
| Tangible fixed assets22/27 | €60,330 | €59,768 | €40,937 | €24,542 | €19,764 | ▼ 19.5% |
| Plant, machinery and equipment23 | - | - | €1,541 | €2,737 | €4,773 | ▲ 74.4% |
| Furniture and vehicles24 | - | - | €39,396 | €21,804 | €14,991 | ▼ 31.2% |
| Financial fixed assets28 | €7,638 | €107,638 | €107,638 | €107,638 | €107,638 | = |
| Current assets29/58 | €847,117 | €99,465 | €304,116 | €250,011 | €427,833 | ▲ 71.1% |
| Amounts receivable within one year40/41 | €633,111 | €69,545 | €235,752 | €178,529 | €147,245 | ▼ 17.5% |
| Trade receivables40 | - | - | €21,661 | €176,098 | €95,167 | ▼ 46.0% |
| Other amounts receivable41 | - | - | €214,091 | €2,431 | €52,078 | ▲ 21× |
| Current investments50/53 | - | - | €12,773 | €0 | - | - |
| Cash at bank and in hand54/58 | €209,850 | €21,711 | €46,759 | €70,371 | €271,606 | ▲ 286% |
| Deferred charges and accrued income490/1 | - | - | €8,832 | €1,111 | €8,982 | ▲ 708% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €915,547 | €266,871 | €452,691 | €382,191 | €555,235 | ▲ 45.3% |
| Equity10/15 | €486,036 | €173,723 | €21,017 | €50,699 | €223,317 | ▲ 340% |
| Contributions10/11 | €6,800 | - | €6,800 | €6,800 | €6,800 | = |
| Reserves13 | €479,236 | €479,236 | €479,236 | €43,899 | €216,517 | ▲ 393% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €477,376 | €42,039 | €214,657 | ▲ 411% |
| Profit (loss) carried forward14 | - | -€312,313 | -€465,019 | €0 | - | - |
| Amounts payable17/49 | €429,511 | €93,147 | €431,675 | €331,492 | €331,918 | ▲ 0.1% |
| Amounts payable within one year42/48 | €417,119 | €70,147 | €396,675 | €284,492 | €283,911 | ▼ 0.2% |
| Trade debts44 | €344,872 | €39,877 | €235,808 | €135,194 | €112,112 | ▼ 17.1% |
| Suppliers440/4 | - | - | €235,808 | €135,194 | €112,112 | ▼ 17.1% |
| Taxes, remuneration and social security45 | - | - | €45,522 | €34,347 | €53,537 | ▲ 55.9% |
| Taxes450/3 | - | - | - | €16,774 | €13,111 | ▼ 21.8% |
| Remuneration and social security454/9 | - | - | €45,522 | €17,573 | €40,426 | ▲ 130% |
| Other amounts payable47/48 | - | - | €115,345 | €114,951 | €118,262 | ▲ 2.9% |
| Accrued charges and deferred income492/3 | - | - | €35,000 | €47,000 | €48,007 | ▲ 2.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €479,236 | -€312,313 | -€152,707 | €29,682 | €172,618 | ▲ 482% |
| + Depreciation and write-downs630 | €15,006 | €17,256 | €19,854 | €10,372 | €9,966 | ▼ 3.9% |
| Operating cash flow (approximation) | €494,242 | -€295,056 | -€132,853 | €40,054 | €182,584 | ▲ 356% |
| Investment in fixed assets (approximation) | - | -€116,694 | -€1,023 | €6,023 | -€5,188 | - |
| Change in cash | - | -€188,138 | €25,048 | €23,612 | €201,235 | ▲ 752% |
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 |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 11-09-2024 | 2024-00458957 |
| 31-12-2022 | abbreviated format | 14-09-2023 | 2023-00447677 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20398146 |
| 31-12-2020 | abbreviated format | 08-09-2021 | 2021-66700349 |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-27200043 |
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Of the 4,010 active companies whose main activity is other construction installation (NACE 43240), figures are known for 1,635. 1,259 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.