MIHU CONSTRUCT

Open bankruptcy

Private limited company (pre-2019)founded 2016Paul Hymanslaan 110, 1200 Sint-Lambrechts-Woluwe, Belgium11 active companies are registered at this addressKBO/BCE: BE 0658.872.005

A bankruptcy procedure is open for MIHU CONSTRUCT according to publications in the Belgian Official Gazette; trustee: Claire Van de Velde.

Summary

The 2019 annual accounts show equity of €207 and a net result of -€10,324.

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MIHU CONSTRUCTOpen bankruptcy

Report

Financials · financial year 2019, micro format

Turnover

€84,813

EBIT margin

-10.1%

Net result

-€10,324

Working capital

€207

Balance-sheet composition

Equity and liabilities €4,484

95.4%

Equity €207

Debt €4,277

Debt finances 95.4% of the balance-sheet total.

Key figures and ratios

2019 value

EBITDA

-€7,222

Cash flow

-€8,992

Debt ≤ 1 year

€4,277

Income taxes

€1,100

Ratios withheld: a balance sheet total of €4,484 is too small for a meaningful ratio.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2019 · 22 lines

Balance sheet Code2019

Assets

Total assets20/58€4,484

Current assets29/58€4,484

Stocks and contracts in progress3€1,000

Amounts receivable within one year40/41€2,020

Cash at bank and in hand54/58€1,250

Equity and liabilities

Total equity and liabilities10/49€4,484

Equity10/15€207

Contributions10/11€6,200

Reserves13€220

Profit (loss) carried forward14-€6,213

Amounts payable17/49€4,277

Amounts payable within one year42/48€4,277

Trade debts44€2,015

Income statement Code2019

Turnover70€84,813

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,331

Gross operating margin9900-€4,650

Operating profit (loss)9901-€8,553

Recurring financial charges65€670

Profit (loss) for the period before taxes9903-€9,224

Income taxes67/77€1,100

Profit (loss) for the period9904-€10,324

Profit (loss) for the period to be appropriated9905-€10,324

Line	2019
Turnover70	€84,813
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,331
Gross operating margin9900	-€4,650
Operating profit (loss)9901	-€8,553
Recurring financial charges65	€670
Profit (loss) for the period before taxes9903	-€9,224
Income taxes67/77	€1,100
Profit (loss) for the period9904	-€10,324
Profit (loss) for the period to be appropriated9905	-€10,324

Line	2019
Assets
Total assets20/58	€4,484
Current assets29/58	€4,484
Stocks and contracts in progress3	€1,000
Amounts receivable within one year40/41	€2,020
Cash at bank and in hand54/58	€1,250
Equity and liabilities
Total equity and liabilities10/49	€4,484
Equity10/15	€207
Contributions10/11	€6,200
Reserves13	€220
Profit (loss) carried forward14	-€6,213
Amounts payable17/49	€4,277
Amounts payable within one year42/48	€4,277
Trade debts44	€2,015

Line	2019
Profit (loss) for the period9904	-€10,324
+ Depreciation and write-downs630	€1,331
Operating cash flow (approximation)	-€8,992

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)

Financial year	Type	Filed	Reference
30-09-2019	micro format	29-04-2020	2020-10600386

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Of the 15,144 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,424. 145 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.