P& L CONSTRUCT DECORATION
Open bankruptcyFinancials · financial year 2023, full format
Annual accounts 2023 filed on 15-01-2024 PDF all 10 filings
Turnover
€368,787▼ 5.0%
2022 · €388,148
EBIT margin
13.9%▲ 6.7pp
2022 · 7.2%
Net result
€50,236▲ 49.9%
2022 · €33,509
Working capital
€202,702▲ 34.9%
2022 · €150,230
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result for 2023 is 83% higher than in 2022. It is a recovery after the fall in 2022.
Turnover€368,787
2023
Operating result€51,112
2023
Net result€50,236
2023
Total assets€289,770
2023
Equity€202,702
2023
Debt€87,068
2023
Working capital€202,702
2023
EBIT margin13.9%
2023
Return on assets (ROA)17.3%
2023
Solvency70.0%
2023
Current ratio3.33
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Turnover€383,245-€174,798▼ 54.4%€299,208▲ 71.2%€388,148▲ 29.7%€368,787▼ 5.0%
Operating result€25,890-€1,177▼ 95.5%€53,000▲ 45×€27,861▼ 47.4%€51,112▲ 83.5%
Net result€23,293-€5,378within the sector's middle half▼ 76.9%€51,172above the sector's middle half▲ 851%€33,509within the sector's middle half▼ 34.5%€50,236within the sector's middle half▲ 49.9%
EBIT margin6.8%-0.7%▼ 6.1pp17.7%▲ 17.0pp7.2%▼ 10.5pp13.9%▲ 6.7pp
Equity€62,407-€67,785within the sector's middle half▲ 8.6%€118,957within the sector's middle half▲ 75.5%€152,466within the sector's middle half▲ 28.2%€202,702within the sector's middle half▲ 32.9%
Total assets€146,071-€162,106within the sector's middle half▲ 11.0%€223,697within the sector's middle half▲ 38.0%€238,579within the sector's middle half▲ 6.7%€289,770within the sector's middle half▲ 21.5%
Debt€83,664-€94,321▲ 12.7%€104,740▲ 11.0%€86,113▼ 17.8%€87,068▲ 1.1%
Working capital€62,002-€67,785within the sector's middle half▲ 9.3%€118,957above the sector's middle half▲ 75.5%€150,230within the sector's middle half▲ 26.3%€202,702within the sector's middle half▲ 34.9%
Solvency42.7%-41.8%within the sector's middle half▼ 0.9pp53.2%within the sector's middle half▲ 11.4pp63.9%above the sector's middle half▲ 10.7pp70.0%above the sector's middle half▲ 6.0pp
Current ratio1.74-1.72within the sector's middle half▼ 0.022.14within the sector's middle half▲ 0.422.74above the sector's middle half▲ 0.613.33above the sector's middle half▲ 0.58
Return on assets (ROA)15.9%-3.3%within the sector's middle half▼ 12.6pp22.9%above the sector's middle half▲ 19.6pp14.0%above the sector's middle half▼ 8.8pp17.3%above the sector's middle half▲ 3.3pp
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.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €289,770
Equity
€202,702 ▲ 32.9%
Debt
€87,068 ▲ 1.1%
Debt's share of the balance-sheet total falls from 36.1% to 30.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€53,347▲
2022 · €30,096
Cash flow
€52,472▲
2022 · €35,745
Debt to equity
0.43▼
2022 · 0.56
ROE
24.8%▲
2022 · 22.0%
Interest coverage
56.77▲
2022 · 22.74
Debt ≤ 1 year
€87,068▲
2022 · €86,113
Income taxes
€13,453▲
2022 · €7,975
Customer credit
57 days▲
2022 · 25 days
Supplier credit
56 days▼
2022 · 62 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 |
|---|---|---|
| Tangible fixed assets | €4,472 | - |
| Depreciation and write-downs of the year | €2,236 | €2,236 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €383,245 | €174,798 | €299,208 | €388,148 | €368,787 | ▼ 5.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €353,776 | €312,086 | ▼ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €921 | €405 | - | €2,236 | €2,236 | = |
| Other operating charges640/8 | - | - | - | €4,275 | €3,353 | ▼ 21.6% |
| Gross operating margin9900 | €28,121 | €3,034 | €60,580 | €34,372 | €56,701 | ▲ 65.0% |
| Operating profit (loss)9901 | €25,890 | €1,177 | €53,000 | €27,861 | €51,112 | ▲ 83.5% |
| Financial income75/76B | - | - | - | €14,668 | €13,517 | ▼ 7.8% |
| Recurring financial income75 | €8,444 | €10,861 | €12,870 | €14,668 | €13,517 | ▼ 7.8% |
| Financial charges65/66B | - | - | - | €1,324 | €940 | ▼ 29.0% |
| Recurring financial charges65 | €801 | €787 | €492 | €1,324 | €940 | ▼ 29.0% |
| Profit (loss) for the period before taxes9903 | €33,532 | €11,252 | €65,378 | €41,205 | €63,689 | ▲ 54.6% |
| Transfer from deferred taxes780 | - | - | - | €279 | - | - |
| Income taxes67/77 | €10,239 | €5,874 | €14,206 | €7,975 | €13,453 | ▲ 68.7% |
| Profit (loss) for the period9904 | €23,293 | €5,378 | €51,172 | €33,509 | €50,236 | ▲ 49.9% |
| Profit (loss) for the period to be appropriated9905 | €23,293 | €5,378 | €51,172 | €33,509 | €50,236 | ▲ 49.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,071 | €162,106 | €223,697 | €238,579 | €289,770 | ▲ 21.5% |
| Fixed assets21/28 | €405 | - | - | €2,236 | - | - |
| Tangible fixed assets22/27 | €405 | - | - | €2,236 | - | - |
| Furniture and vehicles24 | - | - | - | €2,236 | - | - |
| Current assets29/58 | €145,666 | €162,106 | €223,697 | €236,343 | €289,770 | ▲ 22.6% |
| Amounts receivable within one year40/41 | €138,456 | €153,886 | €218,998 | €234,161 | €282,340 | ▲ 20.6% |
| Trade receivables40 | - | - | - | €26,369 | €57,292 | ▲ 117% |
| Other amounts receivable41 | - | - | - | €207,793 | €225,048 | ▲ 8.3% |
| Cash at bank and in hand54/58 | €7,210 | €8,220 | €4,699 | €2,182 | €7,430 | ▲ 241% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,071 | €162,106 | €223,697 | €238,579 | €289,770 | ▲ 21.5% |
| Equity10/15 | €62,407 | €67,785 | €118,957 | €152,466 | €202,702 | ▲ 32.9% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €54,347 | €59,725 | €110,897 | €144,406 | €194,642 | ▲ 34.8% |
| Amounts payable17/49 | €83,664 | €94,321 | €104,740 | €86,113 | €87,068 | ▲ 1.1% |
| Amounts payable within one year42/48 | €83,664 | €94,321 | €104,740 | €86,113 | €87,068 | ▲ 1.1% |
| Financial debts43 | - | - | - | €1,677 | €1,615 | ▼ 3.7% |
| Other loans439 | - | - | - | €1,677 | €1,615 | ▼ 3.7% |
| Trade debts44 | €42,483 | €42,287 | €53,809 | €59,622 | €48,025 | ▼ 19.5% |
| Suppliers440/4 | - | - | - | €46,282 | €4,506 | ▼ 90.3% |
| Bills of exchange payable441 | - | - | - | €13,341 | €43,519 | ▲ 226% |
| Taxes, remuneration and social security45 | - | - | - | €24,814 | €37,428 | ▲ 50.8% |
| Taxes450/3 | - | - | - | €3,975 | €13,428 | ▲ 238% |
| Remuneration and social security454/9 | - | - | - | €20,839 | €24,000 | ▲ 15.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,293 | €5,378 | €51,172 | €33,509 | €50,236 | ▲ 49.9% |
| + Depreciation and write-downs630 | €921 | €405 | - | €2,236 | €2,236 | = |
| Operating cash flow (approximation) | €24,214 | €5,783 | €51,172 | €35,745 | €52,472 | ▲ 46.8% |
| Change in cash | - | €1,010 | -€3,521 | -€2,517 | €5,249 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | full format | 15-01-2024 | 2024-00003869 | |
| 30-06-2022 | full format | 06-01-2023 | 2023-20554681 | |
| 30-06-2021 | micro format | 27-01-2022 | 2022-02100559 | |
| 30-06-2020 | micro format | 25-01-2021 | 2021-01700216 | |
| 30-06-2019 | micro format | 30-01-2020 | 2020-02700458 | |
| 30-06-2018 | micro format | 24-01-2019 | 2019-02000533 | |
| 30-06-2017 | micro format | 08-01-2018 | 2018-00500011 | |
| 30-06-2016 | full format | 05-01-2017 | 2017-00200264 | |
| 30-06-2015 | full format | 13-01-2016 | 2016-01000255 | |
| 30-06-2014 | full format | 07-01-2015 | 2015-00400497 |