OSA CONSTRUCT
InactiveFinancials · financial year 2023, micro format
2023 annual accounts filed late (58 days) Filed on 27 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00476485.
Turnover
€610,114▼ 13.7%
2022 · €707,135
EBIT margin
-1.1%▼ 12.2pp
2022 · 11.2%
Net result
-€35,507
2022 · €65,708
Working capital
-€45,170▼ 9,250%
2022 · -€483
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result turns negative in 2023: a loss of €6,416 after €79,067 in 2022, 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.
Turnover€610,114
2023
Operating result-€6,416
2023
Net result-€35,507
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€88,989
2023
Equity-€12,953
2023
Debt€101,942
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€45,170
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-1.1%
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2.4
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€84,780-€75,078▼ 11.4%€421,206▲ 461%€707,135€610,114▼ 13.7%
Operating result€34,408-€42,434▲ 23.3%€77,856▲ 83.5%€64,325▼ 17.4%€79,067▲ 22.9%-€6,416
Net result€34,386-€41,268▲ 20.0%€61,808▲ 49.8%€68,383▲ 10.6%€65,708▼ 3.9%-€35,507
EBIT margin40.6%-56.5%▲ 15.9pp18.5%▼ 38.0pp11.2%-1.1%▼ 12.2pp
Equity€14,387-€30,655▲ 113%€92,463▲ 202%€160,846▲ 74.0%€22,553▼ 86.0%-€12,953
Total assets€34,397-€63,361▲ 84.2%€154,734▲ 144%€285,826▲ 84.7%€308,399▲ 7.9%€88,989▼ 71.1%
Debt€20,010-€32,706▲ 63.4%€62,271▲ 90.4%€124,980▲ 101%€285,846▲ 129%€101,942▼ 64.3%
Working capital€14,387-€30,655▲ 113%€75,345▲ 146%€134,091▲ 78.0%-€483-€45,170▼ 9,250%
Staff (FTE)1.51.3▼ 13.3%2.4▲ 84.6%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €88,989
Fixed assets
€43,249 ▲ 0.7%
Current assets
€45,740 ▼ 82.8%
Equity and liabilities
Equity-€12,953
Debt€101,942
Equity is negative: debt (€101,942) exceeds the balance-sheet total (€88,989).
Key figures and ratios
EBITDA
€12,079▼
2022 · €97,453
Cash flow
-€17,012▼
2022 · €84,094
Solvency
-14.6%▼
2022 · 7.3%
Current ratio
0.50▼
2022 · 1.00
ROA
-39.9%▼
2022 · 21.3%
Interest coverage
5.63▼
2022 · 48.68
Debt ≤ 1 year
€90,910▼
2022 · €265,940
Debt > 1 year
€11,032▼
2022 · €19,906
Income taxes
€27,380▲
2022 · €21,903
Staff costs
€113,092▲
2022 · €89,457
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|---|---|
| Turnover70 | €84,780 | €75,078 | €421,206 | - | €707,135 | €610,114 | ▼ 13.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €518,948 | €451,485 | ▼ 13.0% |
| Remuneration, social security and pensions62 | - | - | - | €71,712 | €89,457 | €113,092 | ▲ 26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5,063 | €11,450 | €18,386 | €18,495 | ▲ 0.6% |
| Other operating charges640/8 | - | - | - | €4,381 | €4,032 | €37,804 | ▲ 838% |
| Non-recurring operating charges66A | - | - | - | €10,599 | - | - | - |
| Gross operating margin9900 | €55,637 | €48,748 | €130,778 | €162,468 | €190,943 | €162,975 | ▼ 14.6% |
| Operating profit (loss)9901 | €34,408 | €42,434 | €77,856 | €64,325 | €79,067 | -€6,416 | - |
| Financial income75/76B | - | - | - | €7,093 | €10,595 | €436 | ▼ 95.9% |
| Recurring financial income75 | - | €2,912 | €6,353 | €7,093 | €10,595 | €436 | ▼ 95.9% |
| Financial charges65/66B | - | - | - | €3,327 | €2,052 | €2,146 | ▲ 4.6% |
| Recurring financial charges65 | €22 | €7 | €388 | €3,327 | €2,002 | €2,146 | ▲ 7.2% |
| Non-recurring financial charges66B | - | - | - | - | €50 | - | - |
| Profit (loss) for the period before taxes9903 | €34,386 | €45,338 | €83,821 | €68,092 | €87,610 | -€8,126 | - |
| Income taxes67/77 | - | €4,070 | €22,014 | -€291 | €21,903 | €27,380 | ▲ 25.0% |
| Profit (loss) for the period9904 | €34,386 | €41,268 | €61,808 | €68,383 | €65,708 | -€35,507 | - |
| Profit (loss) for the period to be appropriated9905 | €34,386 | €41,268 | €61,808 | €68,383 | €65,708 | -€35,507 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €34,397 | €63,361 | €154,734 | €285,826 | €308,399 | €88,989 | ▼ 71.1% |
| Fixed assets21/28 | - | - | €17,117 | €59,515 | €42,942 | €43,249 | ▲ 0.7% |
| Tangible fixed assets22/27 | - | - | €17,117 | €59,415 | €42,842 | €43,149 | ▲ 0.7% |
| Furniture and vehicles24 | - | - | - | €59,415 | €42,842 | €43,149 | ▲ 0.7% |
| Financial fixed assets28 | - | - | - | €100 | €100 | €100 | = |
| Current assets29/58 | €34,397 | €63,361 | €137,616 | €226,312 | €265,457 | €45,740 | ▼ 82.8% |
| Amounts receivable within one year40/41 | €34,397 | €58,830 | €108,890 | €195,957 | €214,996 | €34,465 | ▼ 84.0% |
| Trade receivables40 | - | - | - | €58,011 | €39,705 | €18,739 | ▼ 52.8% |
| Other amounts receivable41 | - | - | - | €137,947 | €175,291 | €15,727 | ▼ 91.0% |
| Cash at bank and in hand54/58 | - | €4,530 | €28,426 | €28,272 | €50,461 | €10,200 | ▼ 79.8% |
| Deferred charges and accrued income490/1 | - | - | - | €2,082 | - | €1,075 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €34,397 | €63,361 | €154,734 | €285,826 | €308,399 | €88,989 | ▼ 71.1% |
| Equity10/15 | €14,387 | €30,655 | €92,463 | €160,846 | €22,553 | -€12,953 | - |
| Contributions10/11 | €1 | €1 | - | €1 | €1 | €1 | = |
| Reserves13 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Non-distributable reserves130/1 | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves not available under the articles1311 | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €14,386 | €12,054 | €73,862 | €142,245 | €3,952 | -€31,554 | - |
| Amounts payable17/49 | €20,010 | €32,706 | €62,271 | €124,980 | €285,846 | €101,942 | ▼ 64.3% |
| Amounts payable after more than one year17 | - | - | - | €32,760 | €19,906 | €11,032 | ▼ 44.6% |
| Financial debts170/4 | - | - | - | €32,760 | €19,906 | €11,032 | ▼ 44.6% |
| Amounts payable within one year42/48 | €20,010 | €32,706 | €62,271 | €92,221 | €265,940 | €90,910 | ▼ 65.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,935 | €12,854 | €8,874 | ▼ 31.0% |
| Financial debts43 | - | - | - | €2,006 | €2,006 | - | - |
| Other loans439 | - | - | - | €2,006 | €2,006 | - | - |
| Trade debts44 | - | €3,636 | €24,848 | €15,049 | €3,967 | €14,093 | ▲ 255% |
| Suppliers440/4 | - | - | - | €15,049 | €3,967 | €14,093 | ▲ 255% |
| Taxes, remuneration and social security45 | - | - | - | €60,630 | €43,113 | €67,943 | ▲ 57.6% |
| Taxes450/3 | - | - | - | €29,517 | €33,761 | €51,281 | ▲ 51.9% |
| Remuneration and social security454/9 | - | - | - | €31,113 | €9,352 | €16,662 | ▲ 78.2% |
| Other amounts payable47/48 | - | - | - | €600 | €204,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,386 | €41,268 | €61,808 | €68,383 | €65,708 | -€35,507 | - |
| + Depreciation and write-downs630 | - | - | €5,063 | €11,450 | €18,386 | €18,495 | ▲ 0.6% |
| Operating cash flow (approximation) | €34,386 | €41,268 | €66,870 | €79,833 | €84,094 | -€17,012 | - |
| Investment in fixed assets (approximation) | - | - | - | -€53,847 | -€1,814 | -€18,801 | ▼ 936% |
| Change in cash | - | - | €23,895 | -€154 | €22,189 | -€40,261 | - |
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 (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 27-09-2024 | 2024-00476485 |
| 31-12-2022 | micro format | 21-08-2023 | 2023-00338094 |
| 31-12-2021 | micro format | 14-09-2022 | 2022-20431543 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70300272 |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57200426 |
| 31-12-2018 | micro format | 21-11-2019 | 2019-74300141 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.