P.D.M. CONSTRUCT
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 60 days after the deadline Filed on 29 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00477585.
Annual accounts 2023 filed on 29-09-2024 PDF all 2 filings
Turnover
≈ €230,000
Estimated: probably between €160,000 and €400,000
Total assets
€62,381▲ 19.7%
2022 · €52,132
Net result
€30,025▲ 15×
2022 · €2,036
Working capital
€29,987
2022 · -€2,774
Multi-year overview
2022 to 2023, 2 financial yearsOperating result
€53,532
▲ 398%
2023
20222023
Net result
€30,025
▲ 15×
2023
highest quarter of the sector
20222023
Equity
€38,561
▲ 352%
2023
middle half of the sector
20222023
Total assets
€62,381
▲ 19.7%
2023
lowest quarter of the sector
20222023
Debt
€23,820
▼ 45.4%
2023
20222023
Working capital
€29,987
2023
middle half of the sector
20222023
Solvency
61.8%
▲ 45.4pp
2023
middle half of the sector
20222023
Current ratio
2.26
▲ 1.32
2023
middle half of the sector
20222023
Return on assets (ROA)
48.1%
▲ 44.2pp
2023
highest quarter of the sector
20222023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20222023
Operating result€10,741-€53,532▲ 398%
Net result€2,036within the sector's middle half-€30,025above the sector's middle half▲ 15×
Equity€8,536below the sector's middle half-€38,561within the sector's middle half▲ 352%
Total assets€52,132below the sector's middle half-€62,381below the sector's middle half▲ 19.7%
Debt€43,596-€23,820▼ 45.4%
Working capital-€2,774below the sector's middle half-€29,987within the sector's middle half
Solvency16.4%below the sector's middle half-61.8%within the sector's middle half▲ 45.4pp
Current ratio0.94below the sector's middle half-2.26within the sector's middle half▲ 1.32
Return on assets (ROA)3.9%within the sector's middle half-48.1%above the sector's middle half▲ 44.2pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 5 times that of 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €62,381
Fixed assets
€8,574 ▼ 24.2%
Current assets
€53,807 ▲ 31.8%
Equity and liabilities €62,381
Equity
€38,561 ▲ 352%
Debt
€23,820 ▼ 45.4%
Debt's share of the balance-sheet total falls from 83.6% to 38.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58,256▲
2022 · €13,552
Cash flow
€34,748▲
2022 · €4,846
Debt to equity
0.62▼
2022 · 5.11
ROE
77.9%▲
2022 · 23.9%
Interest coverage
2.49▲
2022 · 1.99
Debt ≤ 1 year
€23,820▼
2022 · €43,596
Income taxes
€8,722▲
2022 · €1,891
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Tangible fixed assets | €14,121 | €1,286 |
| Financial fixed assets | - | €700 |
| Depreciation and write-downs of the year | €2,810 | €4,723 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €155 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,810 | €4,723 | ▲ 68.1% |
| Other operating charges640/8 | €3,966 | €3,868 | ▼ 2.5% |
| Non-recurring operating charges66A | €4,576 | - | - |
| Gross operating margin9900 | €22,094 | €62,124 | ▲ 181% |
| Operating profit (loss)9901 | €10,741 | €53,532 | ▲ 398% |
| Financial income75/76B | €0 | €8,626 | ▲ 43,130× |
| Recurring financial income75 | €0 | €8,626 | ▲ 43,130× |
| Financial charges65/66B | €6,815 | €23,411 | ▲ 244% |
| Recurring financial charges65 | €6,815 | €23,411 | ▲ 244% |
| Profit (loss) for the period before taxes9903 | €3,927 | €38,747 | ▲ 887% |
| Income taxes67/77 | €1,891 | €8,722 | ▲ 361% |
| Profit (loss) for the period9904 | €2,036 | €30,025 | ▲ 15× |
| Profit (loss) for the period to be appropriated9905 | €2,036 | €30,025 | ▲ 15× |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €52,132 | €62,381 | ▲ 19.7% |
| Fixed assets21/28 | €11,311 | €8,574 | ▼ 24.2% |
| Tangible fixed assets22/27 | €11,311 | €7,874 | ▼ 30.4% |
| Plant, machinery and equipment23 | €2,105 | €2,599 | ▲ 23.5% |
| Furniture and vehicles24 | €9,206 | €5,274 | ▼ 42.7% |
| Financial fixed assets28 | - | €700 | - |
| Current assets29/58 | €40,821 | €53,807 | ▲ 31.8% |
| Amounts receivable within one year40/41 | €38,607 | €25,566 | ▼ 33.8% |
| Trade receivables40 | €30,591 | €12,013 | ▼ 60.7% |
| Other amounts receivable41 | €8,017 | €13,553 | ▲ 69.1% |
| Cash at bank and in hand54/58 | €2,214 | €24,875 | ▲ 11× |
| Deferred charges and accrued income490/1 | - | €3,366 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €52,132 | €62,381 | ▲ 19.7% |
| Equity10/15 | €8,536 | €38,561 | ▲ 352% |
| Contributions10/11 | €6,500 | €6,500 | = |
| Profit (loss) carried forward14 | €2,036 | €32,061 | ▲ 16× |
| Amounts payable17/49 | €43,596 | €23,820 | ▼ 45.4% |
| Amounts payable within one year42/48 | €43,596 | €23,820 | ▼ 45.4% |
| Trade debts44 | €119 | €4,956 | ▲ 41× |
| Suppliers440/4 | €119 | €4,956 | ▲ 41× |
| Advances received on contracts in progress46 | €19,527 | - | - |
| Taxes, remuneration and social security45 | €4,772 | €11,422 | ▲ 139% |
| Taxes450/3 | €1,891 | €8,722 | ▲ 361% |
| Remuneration and social security454/9 | €2,881 | €2,700 | ▼ 6.3% |
| Other amounts payable47/48 | €19,178 | €7,442 | ▼ 61.2% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,036 | €30,025 | ▲ 15× |
| + Depreciation and write-downs630 | €2,810 | €4,723 | ▲ 68.1% |
| Operating cash flow (approximation) | €4,846 | €34,748 | ▲ 617% |
| Investment in fixed assets (approximation) | - | -€1,986 | - |
| Change in cash | - | €22,661 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.