MASTER CONSTRUCT 4 YOU
InactiveFrom the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2022, micro format
Latest annual accounts filed
Annual accounts 2022
- Financial year ended
- 31-12-2022
- Filed on
- 15-03-2023
- Format
- micro format
- Reference
- 2023-00039620
Turnover
≈ €230,000
Estimated: probably between €150,000 and €400,000
Total assets
€384,242▼ 17.5%
2021 · €465,492
Net result
€25,267▲ 259%
2021 · €7,042
Working capital
€68,813▼ 26.5%
2021 · €93,593
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result recovers in 2022; 2022 is 170% above 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€45,443
2022
Net result€25,267
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€384,242
2022
Equity€158,270
2022
Debt€213,245
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€68,813
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
Line20182019202020212022
Operating result€63,749-€21,494▼ 66.3%€49,307▲ 129%€16,823▼ 65.9%€45,443▲ 170%
Net result€35,365-€10,347▼ 70.7%€28,766▲ 178%€7,042▼ 75.5%€25,267▲ 259%
Equity€104,134-€111,480▲ 7.1%€125,961▲ 13.0%€133,003▲ 5.6%€158,270▲ 19.0%
Total assets€469,762-€474,239▲ 1.0%€416,810▼ 12.1%€465,492▲ 11.7%€384,242▼ 17.5%
Debt€365,628-€362,759▼ 0.8%€290,849▼ 19.8%€332,489▲ 14.3%€213,245▼ 35.9%
Working capital€15,858-€26,936▲ 69.9%€26,706▼ 0.9%€93,593▲ 250%€68,813▼ 26.5%
Staff (FTE)1-
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €384,242
Fixed assets
€287,576 ▼ 6.4%
Current assets
€96,667 ▼ 38.9%
Equity and liabilities €384,242
Equity
€158,270 ▲ 19.0%
Provisions
€12,727
Debt
€213,245 ▼ 35.9%
Debt's share of the balance-sheet total falls from 71.4% to 55.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,503▲
2021 · €31,758
Cash flow
€36,328▲
2021 · €21,977
Current ratio
3.47▲
2021 · 2.45
Debt to equity
1.35▼
2021 · 2.50
ROE
16.0%▲
2021 · 5.3%
ROA
6.6%▲
2021 · 1.5%
Interest coverage
7.69▲
2021 · 4.24
Debt ≤ 1 year
€27,853▼
2021 · €64,745
Debt > 1 year
€185,392▼
2021 · €206,882
Income taxes
€14,244▲
2021 · €2,690
Staff costs
€306▼
2021 · €3,456
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €269 | - |
| Remuneration, social security and pensions62 | - | - | - | €3,456 | €306 | ▼ 91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,450 | €40,867 | €21,604 | €14,935 | €11,061 | ▼ 25.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €12,727 | - |
| Other operating charges640/8 | - | - | - | €11,149 | €7,258 | ▼ 34.9% |
| Gross operating margin9900 | €157,172 | €71,835 | €77,041 | €46,363 | €76,795 | ▲ 65.6% |
| Operating profit (loss)9901 | €63,749 | €21,494 | €49,307 | €16,823 | €45,443 | ▲ 170% |
| Financial income75/76B | - | - | - | €394 | €1,416 | ▲ 259% |
| Recurring financial income75 | €205 | €931 | €45 | €394 | €1,416 | ▲ 259% |
| Financial charges65/66B | - | - | - | €7,485 | €7,348 | ▼ 1.8% |
| Recurring financial charges65 | €7,726 | €7,074 | €7,496 | €7,485 | €7,348 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €56,228 | €15,351 | €41,856 | €9,733 | €39,511 | ▲ 306% |
| Income taxes67/77 | €20,863 | €5,005 | €13,090 | €2,690 | €14,244 | ▲ 429% |
| Profit (loss) for the period9904 | €35,365 | €10,347 | €28,766 | €7,042 | €25,267 | ▲ 259% |
| Profit (loss) for the period to be appropriated9905 | €35,365 | €10,347 | €28,766 | €7,042 | €25,267 | ▲ 259% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €469,762 | €474,239 | €416,810 | €465,492 | €384,242 | ▼ 17.5% |
| Fixed assets21/28 | €371,328 | €347,628 | €327,114 | €307,153 | €287,576 | ▼ 6.4% |
| Tangible fixed assets22/27 | €371,328 | €347,628 | €327,114 | €307,153 | €287,576 | ▼ 6.4% |
| Land and buildings22 | - | - | - | €298,636 | €287,576 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | - | - | €3,128 | - | - |
| Furniture and vehicles24 | - | - | - | €5,389 | - | - |
| Current assets29/58 | €98,434 | €126,611 | €89,696 | €158,339 | €96,667 | ▼ 38.9% |
| Amounts receivable within one year40/41 | €95,371 | €121,237 | €87,679 | €152,950 | €66,164 | ▼ 56.7% |
| Trade receivables40 | - | - | - | €145,535 | €787 | ▼ 99.5% |
| Other amounts receivable41 | - | - | - | €7,415 | €65,377 | ▲ 782% |
| Cash at bank and in hand54/58 | €1,566 | €3,698 | €1,106 | €5,388 | €30,503 | ▲ 466% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €469,762 | €474,239 | €416,810 | €465,492 | €384,242 | ▼ 17.5% |
| Equity10/15 | €104,134 | €111,480 | €125,961 | €133,003 | €158,270 | ▲ 19.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €11,860 | €11,860 | €119,761 | €126,803 | €152,070 | ▲ 19.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €10,000 | - | - |
| Distributable reserves133 | - | - | - | €114,943 | €150,210 | ▲ 30.7% |
| Profit (loss) carried forward14 | €86,074 | €93,420 | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €12,727 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €12,727 | - |
| Other liabilities and charges164/5 | - | - | - | - | €12,727 | - |
| Amounts payable17/49 | €365,628 | €362,759 | €290,849 | €332,489 | €213,245 | ▼ 35.9% |
| Amounts payable after more than one year17 | €268,302 | €248,334 | €227,859 | €206,882 | €185,392 | ▼ 10.4% |
| Financial debts170/4 | - | - | - | €206,882 | €185,392 | ▼ 10.4% |
| Amounts payable within one year42/48 | €82,576 | €99,674 | €62,990 | €64,745 | €27,853 | ▼ 57.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,977 | €21,490 | ▲ 2.4% |
| Trade debts44 | €15,215 | €11,967 | €21,906 | €39,953 | €869 | ▼ 97.8% |
| Suppliers440/4 | - | - | - | €39,953 | €869 | ▼ 97.8% |
| Taxes, remuneration and social security45 | - | - | - | €2,920 | €5,494 | ▲ 88.2% |
| Taxes450/3 | - | - | - | €2,920 | €5,494 | ▲ 88.2% |
| Other amounts payable47/48 | - | - | - | €896 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €60,861 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,365 | €10,347 | €28,766 | €7,042 | €25,267 | ▲ 259% |
| + Depreciation and write-downs630 | €44,450 | €40,867 | €21,604 | €14,935 | €11,061 | ▼ 25.9% |
| Operating cash flow (approximation) | €79,815 | €51,213 | €50,370 | €21,977 | €36,328 | ▲ 65.3% |
| Investment in fixed assets (approximation) | - | -€17,167 | -€1,090 | €5,026 | €8,517 | ▲ 69.5% |
| Change in cash | - | €2,132 | -€2,592 | €4,282 | €25,115 | ▲ 487% |
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 (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 15-03-2023 | 2023-00039620 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20269257 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59300245 | |
| 31-12-2019 | micro format | 12-10-2020 | 2020-60800533 | |
| 31-12-2018 | micro format | 18-09-2019 | 2019-64700279 | |
| 31-12-2017 | micro format | 19-07-2018 | 2018-35400305 | |
| 31-12-2016 | micro format | 27-09-2017 | 2017-63500024 | |
| 31-12-2015 | abbreviated format | 05-09-2016 | 2016-58900524 | |
| 31-12-2014 | abbreviated format | 29-09-2015 | 2015-61500535 | |
| 31-12-2013 | abbreviated format | 26-09-2014 | 2014-62300225 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.