NVK Development
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (61 days) Filed on 30 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00488691.
Equity
€51,767▼ 57.0%
2022 · €120,482
Total assets
€78,146▼ 55.0%
2022 · €173,470
Net result
-€68,715▼ 301%
2022 · -€17,123
Working capital
€49,837▼ 49.4%
2022 · €98,517
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €67,256 in 2023 against €11,730 in 2022; the loss grows and 2023 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€67,256
2023
Net result-€68,715
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€78,146
2023
Equity€51,767
2023
Debt€26,379
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€49,837
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-87.9%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency66.2%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.01
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€14,581--€1,838€19,438€18,481▼ 4.9%-€11,730-€67,256▼ 473%
Net result€10,642--€1,475€8,094within the sector's middle half€9,243within the sector's middle half▲ 14.2%-€17,123below the sector's middle half-€68,715below the sector's middle half▼ 301%
Equity€40,047-€119,972▲ 200%€128,362above the sector's middle half▲ 7.0%€137,605above the sector's middle half▲ 7.2%€120,482within the sector's middle half▼ 12.4%€51,767within the sector's middle half▼ 57.0%
Total assets€68,243-€522,544▲ 666%€493,970above the sector's middle half▼ 5.5%€253,719within the sector's middle half▼ 48.6%€173,470within the sector's middle half▼ 31.6%€78,146within the sector's middle half▼ 55.0%
Debt€28,196-€402,572▲ 1,328%€365,608▼ 9.2%€116,114▼ 68.2%€52,988▼ 54.4%€26,379▼ 50.2%
Working capital€33,553-€274,778▲ 719%€355,914above the sector's middle half▲ 29.5%€139,054above the sector's middle half▼ 60.9%€98,517above the sector's middle half▼ 29.2%€49,837within the sector's middle half▼ 49.4%
Solvency58.7%-23.0%▼ 35.7pp26.0%within the sector's middle half▲ 3.0pp54.2%within the sector's middle half▲ 28.2pp69.5%above the sector's middle half▲ 15.2pp66.2%within the sector's middle half▼ 3.2pp
Current ratio2.95-2.14▼ 0.813.73above the sector's middle half▲ 1.592.52within the sector's middle half▼ 1.213.96above the sector's middle half▲ 1.444.01above the sector's middle half▲ 0.05
Return on assets (ROA)15.6%--0.3%▼ 15.9pp1.6%within the sector's middle half▲ 1.9pp3.6%within the sector's middle half▲ 2.0pp-9.9%below the sector's middle half▼ 13.5pp-87.9%below the sector's middle half▼ 78.1pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €78,146
Fixed assets
€11,753 ▼ 71.8%
Current assets
€66,392 ▼ 49.6%
Equity and liabilities €78,146
Equity
€51,767 ▼ 57.0%
Debt
€26,379 ▼ 50.2%
Debt's share of the balance-sheet total rises from 30.5% to 33.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€62,734▼
2022 · -€3,342
Cash flow
-€64,193▼
2022 · -€8,735
Quick ratio
0.97▲
2022 · 0.87
Debt to equity
0.51▲
2022 · 0.44
ROE
-132.7%▼
2022 · -14.2%
Interest coverage
-42.85▼
2022 · -0.64
Debt ≤ 1 year
€16,555▼
2022 · €33,293
Debt > 1 year
€9,823▼
2022 · €19,695
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,971 | €4,255 | €4,848 | €3,334 | €8,388 | €4,522 | ▼ 46.1% |
| Other operating charges640/8 | - | - | - | €2,447 | €2,285 | €2,329 | ▲ 1.9% |
| Non-recurring operating charges66A | - | - | - | - | - | €7,278 | - |
| Gross operating margin9900 | €23,824 | €3,903 | €26,534 | €24,262 | -€1,057 | -€53,127 | ▼ 4,926% |
| Operating profit (loss)9901 | €14,581 | -€1,838 | €19,438 | €18,481 | -€11,730 | -€67,256 | ▼ 473% |
| Financial income75/76B | - | - | - | - | - | €5 | - |
| Recurring financial income75 | €209 | €54 | - | - | - | €5 | - |
| Financial charges65/66B | - | - | - | €7,279 | €5,214 | €1,464 | ▼ 71.9% |
| Recurring financial charges65 | €678 | €3,197 | €8,169 | €7,279 | €5,214 | €1,464 | ▼ 71.9% |
| Profit (loss) for the period before taxes9903 | €14,112 | -€687 | €11,269 | €11,202 | -€16,944 | -€68,715 | ▼ 306% |
| Income taxes67/77 | €3,470 | €788 | €3,175 | €1,959 | €179 | - | - |
| Profit (loss) for the period9904 | €10,642 | -€1,475 | €8,094 | €9,243 | -€17,123 | -€68,715 | ▼ 301% |
| Profit (loss) for the period to be appropriated9905 | €10,642 | -€1,475 | €8,094 | €9,243 | -€17,123 | -€68,715 | ▼ 301% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €68,243 | €522,544 | €493,970 | €253,719 | €173,470 | €78,146 | ▼ 55.0% |
| Formation expenses20 | €336 | €168 | - | - | - | - | - |
| Fixed assets21/28 | €17,116 | €6,198 | €7,448 | €23,150 | €41,660 | €11,753 | ▼ 71.8% |
| Tangible fixed assets22/27 | €17,116 | €6,198 | €7,448 | €23,150 | €41,660 | €11,753 | ▼ 71.8% |
| Land and buildings22 | - | - | - | €8,840 | €32,094 | €6,932 | ▼ 78.4% |
| Plant, machinery and equipment23 | - | - | - | €6,931 | €4,941 | €2,673 | ▼ 45.9% |
| Furniture and vehicles24 | - | - | - | €7,379 | €4,625 | €2,148 | ▼ 53.6% |
| Current assets29/58 | €50,791 | €516,178 | €486,522 | €230,569 | €131,810 | €66,392 | ▼ 49.6% |
| Stocks and contracts in progress3 | €27,042 | €454,911 | €392,212 | €98,341 | €102,701 | €50,412 | ▼ 50.9% |
| Stocks30/36 | - | - | - | €98,341 | €102,701 | €50,412 | ▼ 50.9% |
| Amounts receivable within one year40/41 | €9,742 | €10,161 | €16,530 | €21,603 | €13,091 | €14,291 | ▲ 9.2% |
| Trade receivables40 | - | - | - | €18,156 | €10,412 | €12,368 | ▲ 18.8% |
| Other amounts receivable41 | - | - | - | €3,447 | €2,679 | €1,923 | ▼ 28.2% |
| Cash at bank and in hand54/58 | €14,007 | €51,106 | €77,780 | €110,625 | €16,018 | €1,690 | ▼ 89.4% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €68,243 | €522,544 | €493,970 | €253,719 | €173,470 | €78,146 | ▼ 55.0% |
| Equity10/15 | €40,047 | €119,972 | €128,362 | €137,605 | €120,482 | €51,767 | ▼ 57.0% |
| Contributions10/11 | €18,600 | €100,000 | €100,296 | €100,296 | €100,296 | €100,296 | = |
| Capital10 | - | - | - | €100,296 | €100,296 | - | - |
| Issued capital100 | - | - | - | €100,296 | €100,296 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €19,587 | €18,112 | €26,206 | €35,449 | €18,326 | -€50,389 | - |
| Amounts payable17/49 | €28,196 | €402,572 | €365,608 | €116,114 | €52,988 | €26,379 | ▼ 50.2% |
| Amounts payable after more than one year17 | €10,000 | €161,172 | €235,000 | €24,599 | €19,695 | €9,823 | ▼ 50.1% |
| Financial debts170/4 | - | - | - | €24,599 | €19,695 | €9,823 | ▼ 50.1% |
| Amounts payable within one year42/48 | €17,238 | €241,400 | €130,608 | €91,515 | €33,293 | €16,555 | ▼ 50.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €5,005 | - |
| Trade debts44 | €283 | €20,493 | €23,198 | €30,635 | €4,013 | €3,199 | ▼ 20.3% |
| Suppliers440/4 | - | - | - | €30,635 | €4,013 | €3,199 | ▼ 20.3% |
| Taxes, remuneration and social security45 | - | - | - | €8,609 | €9,047 | - | - |
| Taxes450/3 | - | - | - | €8,609 | €9,047 | - | - |
| Other amounts payable47/48 | - | - | - | €52,271 | €20,233 | €8,351 | ▼ 58.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,642 | -€1,475 | €8,094 | €9,243 | -€17,123 | -€68,715 | ▼ 301% |
| + Depreciation and write-downs630 | €8,971 | €4,255 | €4,848 | €3,334 | €8,388 | €4,522 | ▼ 46.1% |
| Operating cash flow (approximation) | €19,613 | €2,780 | €12,942 | €12,577 | -€8,735 | -€64,193 | ▼ 635% |
| Investment in fixed assets (approximation) | - | €6,663 | -€6,098 | -€19,036 | -€26,898 | €25,384 | - |
| Change in cash | - | €37,099 | €26,674 | €32,845 | -€94,607 | -€14,328 | ▲ 84.9% |
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 (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 30-09-2024 | 2024-00488691 |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00237742 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20387721 |
| 31-12-2020 | micro format | 26-08-2021 | 2021-55100216 |
| 31-12-2019 | micro format | 24-07-2020 | 2020-34200171 |
| 31-12-2018 | micro format | 27-08-2019 | 2019-52700353 |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26300044 |
| 31-12-2016 | micro format | 14-07-2017 | 2017-31700385 |
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Of the 15,150 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,366. 6,061 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.