MOFA Construct
Open bankruptcyFinancials · financial year 2020, micro format
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€32,213▲ 3.7%
2019 · €31,058
Total assets
€470,353=
2019 · €470,353
Net result
€8,190▼ 63.5%
2019 · €22,468
Working capital
-€68,400=
2019 · -€68,400
Trend over the years
2019 to 2020, 2 financial years 2019 to 2020, 2 financial years
The operating result falls in 2020; 2020 is 72% below 2019.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€9,266
2020
Net result€8,190
2020
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€470,353
2020
Equity€32,213
2020
Debt€439,295
2020
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€68,400
2020
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020
Operating result€32,834-€9,266▼ 71.8%
Net result€22,468-€8,190▼ 63.5%
Equity€31,058-€32,213▲ 3.7%
Total assets€470,353-€470,353=
Debt€439,295-€439,295=
Working capital-€68,400--€68,400=
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €470,353
Fixed assets
€234,458 =
Current assets
€235,894 =
Equity and liabilities €471,507
Equity
€32,213 ▲ 3.7%
Debt
€439,295 =
Debt's share of the balance-sheet total falls from 93.4% to 93.2%. Equity is higher.
Key figures and ratios
EBITDA
€72,488▼
2019 · €96,057
Cash flow
€71,413▼
2019 · €85,691
Current ratio
0.78=
2019 · 0.78
Debt to equity
4.19▼
2019 · 4.35
ROE
25.4%▼
2019 · 72.3%
ROA
1.7%▼
2019 · 4.8%
Debt ≤ 1 year
€304,295=
2019 · €304,295
Debt > 1 year
€135,000=
2019 · €135,000
Income taxes
€731▼
2019 · €8,186
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,223 | €63,223 | = |
| Gross operating margin9900 | €94,141 | €86,116 | ▼ 8.5% |
| Operating profit (loss)9901 | €32,834 | €9,266 | ▼ 71.8% |
| Recurring financial income75 | €0 | €0 | - |
| Recurring financial charges65 | €2,180 | €1,668 | ▼ 23.5% |
| Profit (loss) for the period before taxes9903 | €30,654 | €8,921 | ▼ 70.9% |
| Income taxes67/77 | €8,186 | €731 | ▼ 91.1% |
| Profit (loss) for the period9904 | €22,468 | €8,190 | ▼ 63.5% |
| Profit (loss) for the period to be appropriated9905 | €22,468 | €8,190 | ▼ 63.5% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €470,353 | €470,353 | = |
| Formation expenses20 | €0 | €0 | - |
| Fixed assets21/28 | €234,458 | €234,458 | = |
| Intangible fixed assets21 | €0 | €0 | - |
| Tangible fixed assets22/27 | €218,518 | €218,518 | = |
| Financial fixed assets28 | €15,940 | €15,940 | = |
| Current assets29/58 | €235,894 | €235,894 | = |
| Stocks and contracts in progress3 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €234,833 | €234,833 | = |
| Current investments50/53 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €1,311 | €22,281 | ▲ 1,600% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €470,353 | €470,353 | = |
| Equity10/15 | €31,058 | €32,213 | ▲ 3.7% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | €29,058 | €29,058 | = |
| Profit (loss) carried forward14 | €22,268 | €22,268 | = |
| Amounts payable17/49 | €439,295 | €439,295 | = |
| Amounts payable after more than one year17 | €135,000 | €135,000 | = |
| Amounts payable within one year42/48 | €304,295 | €304,295 | = |
| Trade debts44 | €199,582 | €231,358 | ▲ 15.9% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €22,468 | €8,190 | ▼ 63.5% |
| + Depreciation and write-downs630 | €63,223 | €63,223 | = |
| Operating cash flow (approximation) | €85,691 | €71,413 | ▼ 16.7% |
| Investment in fixed assets (approximation) | - | -€63,223 | - |
| Change in cash | - | €20,970 | - |
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 (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2020 | micro format | 28-01-2021 | 2021-02500074 |
| 30-06-2019 | micro format | 07-02-2020 | 2020-04700035 |
| 30-06-2018 | micro format | 31-01-2019 | 2019-04000229 |
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The National Bank holds 3 filings for this company, but none with figures Checked can read, so a size comparison is not possible. These companies share only the sector and the region. Of the 9,536 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,336. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.