MULTI CONSTRUCTS
Open bankruptcyFinancials · fiscal year 2016, full schema
Turnover
€1.4m▼ 40.8%
2015 · €2.4m
EBIT margin
-25.0%▼ 26.8pp
2015 · 1.8%
Net result
-€387,477
2015 · €8,190
Working capital
-€104,959
2015 · €425,505
Trend over the years
2012 to 2016, 5 fiscal years 2012 to 2016, 5 fiscal years
The operating result turns negative in 2016: a loss of €351,745 after €42,815 in 2015, the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€1.4m
2016
Operating result-€0.4m
2016
Net result-€0.4m
2016
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.1m
2016
Equity€0.1m
2016
Debt€2.0m
2016
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2016
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-25.0%
2016
Average staff in full-time equivalents (FTE).
Staff (FTE)20.3
2016
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20122013201420152016
Turnover€2.0m-€2.2m€2.4m▲ 6.9%€1.4m▼ 40.8%
Operating result€0.2m-€0.005m▼ 97.2%€0.03m▲ 491%€0.04m▲ 53.3%-€0.4m
Net result€0.1m-€0.003m▼ 97.4%€0.003m▼ 5.6%€0.008m▲ 176%-€0.4m
EBIT margin8.3%-1.3%1.8%▲ 0.5pp-25.0%▼ 26.8pp
Equity€0.5m-€0.5m▼ 10.7%€0.5m▲ 0.6%€0.5m▲ 1.7%€0.1m▼ 80.2%
Total assets€1.3m-€1.8m▲ 39.7%€2.3m▲ 28.0%€2.4m▲ 2.6%€2.1m▼ 9.9%
Debt€0.7m-€1.2m▲ 79.3%€1.7m▲ 40.8%€1.8m▲ 5.4%€2.0m▲ 9.4%
Working capital€0.6m-€0.5m▼ 13.6%€0.8m▲ 57.5%€0.4m▼ 49.3%-€0.1m
Staff (FTE)12.5-18.3▲ 46.4%20.4▲ 11.5%20.5▲ 0.5%20.3▼ 1.0%
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €2.1m
Fixed assets
€603,734 ▼ 9.2%
Current assets
€1.5m ▼ 10.2%
Equity and liabilities €2.1m
Equity
€95,903 ▼ 80.2%
Provisions
€40,000 ▼ 33.3%
Debt
€2.0m ▲ 9.4%
Debt's share of the balance-sheet total rises from 77.1% to 93.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€196,007▼
2015 · €215,584
Cash flow
-€231,739▼
2015 · €180,959
Current ratio
0.94▼
2015 · 1.33
Quick ratio
0.31▼
2015 · 0.68
Debt to equity
3.64▲
2015 · 0.85
ROE
-404.0%▼
2015 · 1.7%
ROA
-18.1%▼
2015 · 0.3%
Debt ≤ 1 year
€1.6m▲
2015 · €1.3m
Debt > 1 year
€349,469▼
2015 · €411,749
Income taxes
€72▼
2015 · €4,219
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.0m | - | €2.2m | €2.4m | €1.4m | ▼ 40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.2m | €0.1m | €0.2m | €0.2m | ▼ 9.9% |
| Gross operating margin9900 | €0.7m | €0.8m | €0.9m | €0.9m | €0.5m | ▼ 47.5% |
| Operating profit (loss)9901 | €0.2m | €0.005m | €0.03m | €0.04m | -€0.4m | ▼ 922% |
| Recurring financial income75 | €0.01m | €0.01m | €0.009m | €0.005m | €0.001m | ▼ 86.6% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.02m | €0.04m | €0.04m | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.01m | €0.009m | €0.01m | -€0.4m | ▼ 3,222% |
| Income taxes67/77 | €0.05m | €0.007m | €0.006m | €0.004m | €72 | ▼ 98.3% |
| Profit (loss) for the period9904 | €0.1m | €0.003m | €0.003m | €0.008m | -€0.4m | ▼ 4,831% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.003m | €0.003m | €0.008m | -€0.4m | ▼ 4,831% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.8m | €2.3m | €2.4m | €2.1m | ▼ 9.9% |
| Fixed assets21/28 | €0.4m | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 9.2% |
| Intangible fixed assets21 | €0.01m | €0.01m | €0.006m | €0.004m | €0.003m | ▼ 26.3% |
| Tangible fixed assets22/27 | €0.4m | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 9.1% |
| Current assets29/58 | €0.9m | €1.2m | €1.6m | €1.7m | €1.5m | ▼ 10.2% |
| Stocks and contracts in progress3 | €0.06m | €0.3m | €0.3m | €0.8m | €1.0m | ▲ 24.2% |
| Amounts receivable within one year40/41 | €0.7m | €0.7m | €0.8m | €0.7m | €0.4m | ▼ 39.2% |
| Cash at bank and in hand54/58 | €0.06m | €0.2m | €0.4m | €0.08m | €0.03m | ▼ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.8m | €2.3m | €2.4m | €2.1m | ▼ 9.9% |
| Equity10/15 | €0.5m | €0.5m | €0.5m | €0.5m | €0.1m | ▼ 80.2% |
| Contributions10/11 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Profit (loss) carried forward14 | €0.4m | €0.4m | €0.4m | €0.4m | €0.04m | ▼ 89.9% |
| Provisions and deferred taxes16 | €0.08m | €0.1m | €0.1m | €0.06m | €0.04m | ▼ 33.3% |
| Amounts payable17/49 | €0.7m | €1.2m | €1.7m | €1.8m | €2.0m | ▲ 9.4% |
| Amounts payable after more than one year17 | €0.3m | €0.4m | €0.5m | €0.4m | €0.3m | ▼ 15.1% |
| Amounts payable within one year42/48 | €0.3m | €0.7m | €0.7m | €1.3m | €1.6m | ▲ 27.8% |
| Trade debts44 | €0.07m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 74.5% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,658 | €3,146 | €2,970 | €8,190 | -€387,477 | ▼ 4,831% |
| + Depreciation and write-downs630 | €79,209 | €156,978 | €144,150 | €172,769 | €155,738 | ▼ 9.9% |
| Operating cash flow (approximation) | €201,867 | €160,124 | €147,120 | €180,959 | -€231,739 | ▼ 228% |
| Investment in fixed assets (approximation) | - | -€381,576 | -€283,431 | -€111,417 | -€94,906 | ▲ 14.8% |
| Change in cash | - | €89,331 | €203,587 | -€270,532 | -€55,232 | ▲ 79.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.