M-CONSTRUCT
Open bankruptcyFinancials · financial year 2019, abbreviated format
2019 annual accounts filed 68 days after the deadline Filed on 7 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-59600293.
Annual accounts 2019 filed on 07-10-2020 PDF all 12 filings
Equity
-€78,690
2018 · €216,601
Total assets
€865,386▼ 2.2%
2018 · €884,457
Net result
-€295,291
2018 · €12,943
Working capital
-€96,837
2018 · €189,575
Multi-year overview
2018 to 2019, 2 financial yearsOperating result
-€280,613
2019
20182019
Net result
-€295,291
2019
20182019
Equity
-€78,690
2019
20182019
Total assets
€865,386
▼ 2.2%
2019
20182019
Debt
€944,076
▲ 41.4%
2019
20182019
Working capital
-€96,837
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result€54,724--€280,613
Net result€12,943--€295,291
Equity€216,601--€78,690
Total assets€884,457-€865,386▼ 2.2%
Debt€667,857-€944,076▲ 41.4%
Working capital€189,575--€96,837
The operating result for 2019 is a loss of €280,613, after a profit of €54,724 in 2018.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €865,386
Fixed assets
€47,354 ▲ 40.7%
Current assets
€818,032 ▼ 3.9%
Equity and liabilities
Equity-€78,690
Debt€944,076
Equity is negative. Debt (€944,076) exceeds the balance-sheet total (€865,386).
Key figures and ratios
EBITDA
-€254,319▼
2018 · €74,498
Cash flow
-€268,997▼
2018 · €32,717
Solvency
-9.1%▼
2018 · 24.5%
Current ratio
0.89▼
2018 · 1.29
Quick ratio
0.84▼
2018 · 1.18
ROA
-34.1%▼
2018 · 1.5%
Debt ≤ 1 year
€914,869▲
2018 · €661,234
Debt > 1 year
€29,207▲
2018 · €6,622
Income taxes
€6,621▼
2018 · €19,280
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,774 | €26,294 | ▲ 33.0% |
| Gross operating margin9900 | €225,388 | -€108,445 | - |
| Operating profit (loss)9901 | €54,724 | -€280,613 | - |
| Recurring financial income75 | €5,414 | €1,813 | ▼ 66.5% |
| Recurring financial charges65 | €26,180 | €9,870 | ▼ 62.3% |
| Profit (loss) for the period before taxes9903 | €32,222 | -€288,670 | - |
| Income taxes67/77 | €19,280 | €6,621 | ▼ 65.7% |
| Profit (loss) for the period9904 | €12,943 | -€295,291 | - |
| Profit (loss) for the period to be appropriated9905 | €12,943 | -€295,291 | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €884,457 | €865,386 | ▼ 2.2% |
| Fixed assets21/28 | €33,648 | €47,354 | ▲ 40.7% |
| Tangible fixed assets22/27 | €27,447 | €41,154 | ▲ 49.9% |
| Financial fixed assets28 | €6,201 | €6,201 | = |
| Current assets29/58 | €850,809 | €818,032 | ▼ 3.9% |
| Stocks and contracts in progress3 | €69,500 | €46,000 | ▼ 33.8% |
| Amounts receivable within one year40/41 | €647,584 | €768,946 | ▲ 18.7% |
| Cash at bank and in hand54/58 | €133,725 | €3,086 | ▼ 97.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €884,457 | €865,386 | ▼ 2.2% |
| Equity10/15 | €216,601 | -€78,690 | - |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €208,541 | -€86,750 | - |
| Amounts payable17/49 | €667,857 | €944,076 | ▲ 41.4% |
| Amounts payable after more than one year17 | €6,622 | €29,207 | ▲ 341% |
| Amounts payable within one year42/48 | €661,234 | €914,869 | ▲ 38.4% |
| Trade debts44 | €600,491 | €683,985 | ▲ 13.9% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,943 | -€295,291 | - |
| + Depreciation and write-downs630 | €19,774 | €26,294 | ▲ 33.0% |
| Operating cash flow (approximation) | €32,717 | -€268,997 | - |
| Investment in fixed assets (approximation) | - | -€40,000 | - |
| Change in cash | - | -€130,640 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | abbreviated format | 07-10-2020 | 2020-59600293 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-54900600 | |
| 31-12-2017 | abbreviated format | 28-09-2018 | 2018-66100598 | |
| 31-12-2016 | abbreviated format | 28-09-2017 | 2017-63600004 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-53700206 | |
| 31-12-2014 | abbreviated format | 24-08-2015 | 2015-46200556 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-49600307 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-52000529 | |
| 31-12-2011 | abbreviated format | 17-08-2012 | 2012-41700102 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-51000480 |