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MSM CONSTRUCT

In bankruptcy Private limited company (pre-2019)founded 2015Albaniëstraat 44, 1060 Sint-Gillis (bij-Brussel)KBO/BCE: BE 0633.881.835
MSM CONSTRUCT
Financial year 2021
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Annual accounts 2021

micro format, filed on 02-08-2022, 2 days late
€37,865
▼ 27.0%
-€10,304
▼ €36,521
-€32,186
▼ €34,205
€48,909
▼ 38.0%
13.3%
▼ 29.8 percentage points
1.16
▼ 0.97

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €260,000. Estimated: probably between €140,000 and €480,000.

Balance sheet

balance sheet total €367,971 on 31-12-2021
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

13.3%

Higher than 22% of 6,676 companies in 2021.

1.16

Higher than 32% of 6,513 companies in 2021.

-8.7%

Higher than 12% of 6,552 companies in 2021.

MSM CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half

Staff

€55,409

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2021, 1 person joined and nobody left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202120202019201820172016
Balance sheet: assets
20/58 367,971187,933194,805472,35393,95136,011
21/28 18,85639,70559,58479,7607,8082,725
22/27 18,85638,73558,61478,7907,5582,475
24 18,85638,73558,61478,7907,5582,475
28 -970970970250250
29/58 349,115148,228135,221392,59386,14333,286
40/41 345,689144,461124,168385,79468,59023,136
40 341,564138,281120,826374,15766,01222,147
41 4,1256,1803,34211,6382,578989
54/58 3,4262,2776,2293,51915,57010,150
490/1 -1,4914,8233,2801,983-
Balance sheet: equity and liabilities
10/49 367,971187,933194,805472,35393,95136,011
10/15 48,84681,03279,01363,58451,54610,421
10/11 6,3006,3006,3006,3006,300100
100 --18,60018,60018,600100
101 --12,30012,30012,300-
13 2,58021,33021,33021,33021,3302,580
130/1 2,5802,580----
130 --2,5802,5802,5802,580
1311 2,5802,580----
132 -18,75018,75018,75018,750-
14 39,96653,40151,38235,95423,9167,741
17/49 319,125106,902115,792408,76942,40525,590
17 18,91937,51355,78773,748--
170/4 18,91937,51355,78773,748--
42/48 300,20669,38960,005335,02142,40525,590
42 18,59418,27417,96117,652--
43 655,965----
430/8 655,965----
44 260,27317,69315,540280,0584,19222,047
440/4 260,27317,69315,540280,0584,19222,047
45 11,15923,23919,22517,9309,9133,543
450/3 4918,2676,1864,1465,9033,543
454/9 10,66714,97213,03913,7844,010-
47/48 10,1164,2187,28019,38128,300-
Income statement
76A 2,56610,1043,160-491-
9900 37,86551,90267,50951,24451,94130,300
62 27,704-----
630 19,87919,87921,05723,0474,9172,425
631/4 -----11,849
640/8 5853,3054,3682,500491938
66A -2,5006,888---
9901 -10,30426,21735,19525,69846,53215,088
75/76B 201,1112,54404812
75 201,1112,54404812
65/66B 21,90223,22919,8249,9733,4191,226
65 21,90223,22919,8249,9733,4191,226
9903 -32,1864,10017,91615,72543,59413,864
67/77 -2,0812,4873,6876,6693,543
9904 -32,1862,01915,42912,03836,92510,321
789 18,750-----
689 ----18,750-
9905 -13,4362,01915,42912,03818,17510,321
Appropriation of the result
9906 39,96653,40151,38235,95425,91610,321
14P 53,401-----
691/2 -----2,580
6920 -----2,580
694/7 ----2,000-
695 ----2,000-
Social balance sheet
9087 0.5-----
Hours worked1013 968-----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2021 (PDF), filed on 02-08-2022.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2021 annual accounts filed 2 days after the deadline. Filed on 2 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20261231.

Financial year Type Filed Reference Document
31-12-2021 micro format 02-08-2022 2022-20261231 PDF
31-12-2020 micro format 13-08-2021 2021-49900290 PDF
31-12-2019 micro format 02-11-2020 2020-68200014 PDF
31-12-2018 micro format 15-10-2019 2019-70500468 PDF
31-12-2017 micro format 14-09-2018 2018-63200002 PDF
31-12-2016 full format 05-07-2017 2017-29300025 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202120202019201820172016
9,57646,09656,25348,74551,44917,513
-12,30621,89836,48635,08541,84212,746
-97003,07094,99910,0005,150
1,149-3,9522,711-12,0525,420-
48,90978,83975,21657,57243,7387,696
13.3%43.1%40.6%13.5%54.9%28.9%
1.162.142.251.172.031.30
6.531.321.476.430.822.46
-65.9%2.5%19.5%18.9%71.6%99.0%
-8.7%1.1%7.9%2.5%39.3%28.7%
0.44-----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-2021
Employees at the balance-sheet date1
full-time1
in full-time equivalents1
0.5
On a permanent contract1
Joined1
Left0

Source: social balance sheet in the 2021 annual accounts

Insights on MSM CONSTRUCT

The operating result for 2021 is a loss of €10,304, after a profit of €26,217 in 2020. It is the lowest result since 2016.

Debt's share of the balance-sheet total rises from 56.9% to 86.7%. Equity is lower and debt is higher.

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