M&H CONSTRUCT
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed late (3 days) Filed on 3 May 2023, deadline 30 April 2023 (7 months after the close on 30 September 2022, Companies Code art. 3:10). Source: NBB, 2023-00077232.
Equity
-€9,022▼ 864%
2021 · -€936
Total assets
€33,464▲ 156%
2021 · €13,075
Net result
-€8,086▼ 175%
2021 · -€2,936
Working capital
€7,419
2021 · -€3,691
Trend over the years
2021 to 2022, 2 financial years
The operating result stays negative: a loss of €4,912 in 2022 against €2,785 in 2021; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€4,912
2022
Net result-€8,086
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€33,464
2022
Equity-€9,022
2022
Debt€42,486
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€7,419
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022
Operating result-€2,785--€4,912▼ 76.3%
Net result-€2,936--€8,086▼ 175%
Equity-€936--€9,022▼ 864%
Total assets€13,075-€33,464▲ 156%
Debt€14,011-€42,486▲ 203%
Working capital-€3,691-€7,419
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €33,464
Fixed assets
€14,331 ▲ 420%
Current assets
€19,132 ▲ 85.4%
Equity and liabilities
Equity-€9,022
Debt€42,486
Equity is negative: debt (€42,486) exceeds the balance-sheet total (€33,464).
Key figures and ratios
EBITDA
-€1,738▼
2021 · -€1,185
Cash flow
-€4,913▼
2021 · -€1,335
Solvency
-27.0%▼
2021 · -7.2%
Current ratio
1.63▲
2021 · 0.74
ROA
-24.2%▼
2021 · -22.5%
Interest coverage
-0.47▲
2021 · -7.78
Debt ≤ 1 year
€11,714▼
2021 · €14,011
Debt > 1 year
€30,625
Income taxes
€111
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,601 | €3,173 | ▲ 98.2% |
| Other operating charges640/8 | €742 | €1,675 | ▲ 126% |
| Gross operating margin9900 | -€442 | -€63 | ▲ 85.8% |
| Operating profit (loss)9901 | -€2,785 | -€4,912 | ▼ 76.3% |
| Financial income75/76B | €2 | €639 | ▲ 349× |
| Recurring financial income75 | €2 | €639 | ▲ 349× |
| Financial charges65/66B | €152 | €3,702 | ▲ 24× |
| Recurring financial charges65 | €152 | €3,702 | ▲ 24× |
| Profit (loss) for the period before taxes9903 | -€2,936 | -€7,975 | ▼ 172% |
| Income taxes67/77 | - | €111 | - |
| Profit (loss) for the period9904 | -€2,936 | -€8,086 | ▼ 175% |
| Profit (loss) for the period to be appropriated9905 | -€2,936 | -€8,086 | ▼ 175% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €13,075 | €33,464 | ▲ 156% |
| Fixed assets21/28 | €2,755 | €14,331 | ▲ 420% |
| Intangible fixed assets21 | €1 | €1 | ▼ 10.9% |
| Tangible fixed assets22/27 | €2,754 | €14,331 | ▲ 420% |
| Plant, machinery and equipment23 | €2,097 | €1,525 | ▼ 27.3% |
| Furniture and vehicles24 | €657 | €12,806 | ▲ 20× |
| Current assets29/58 | €10,321 | €19,132 | ▲ 85.4% |
| Amounts receivable after more than one year29 | - | €12,750 | - |
| Other amounts receivable291 | - | €12,750 | - |
| Stocks and contracts in progress3 | €367 | €0 | ▼ 100% |
| Stocks30/36 | €367 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €9,395 | €6,056 | ▼ 35.5% |
| Trade receivables40 | €8,863 | €5,475 | ▼ 38.2% |
| Other amounts receivable41 | €532 | €581 | ▲ 9.2% |
| Cash at bank and in hand54/58 | €559 | €326 | ▼ 41.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €13,075 | €33,464 | ▲ 156% |
| Equity10/15 | -€936 | -€9,022 | ▼ 864% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€2,936 | -€11,022 | ▼ 275% |
| Amounts payable17/49 | €14,011 | €42,486 | ▲ 203% |
| Amounts payable after more than one year17 | - | €30,625 | - |
| Financial debts170/4 | - | €30,625 | - |
| Amounts payable within one year42/48 | €14,011 | €11,714 | ▼ 16.4% |
| Current portion of amounts payable after more than one year42 | - | €5,492 | - |
| Financial debts43 | - | €2,500 | - |
| Credit institutions430/8 | - | €2,500 | - |
| Trade debts44 | €10,469 | €2,762 | ▼ 73.6% |
| Suppliers440/4 | €10,469 | €2,762 | ▼ 73.6% |
| Taxes, remuneration and social security45 | €603 | €559 | ▼ 7.3% |
| Taxes450/3 | €603 | €559 | ▼ 7.3% |
| Other amounts payable47/48 | €2,940 | €401 | ▼ 86.4% |
| Accrued charges and deferred income492/3 | - | €147 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€2,936 | -€8,086 | ▼ 175% |
| + Depreciation and write-downs630 | €1,601 | €3,173 | ▲ 98.2% |
| Operating cash flow (approximation) | -€1,335 | -€4,913 | ▼ 268% |
| Investment in fixed assets (approximation) | - | -€14,750 | - |
| Change in cash | - | -€233 | - |
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 (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2022 | micro format | 03-05-2023 | 2023-00077232 |
| 30-09-2021 | micro format | 02-05-2022 | 2022-20015973 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.