PCM CONSTRUCTS
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (31 days) Filed on 31 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00429907.
Turnover
€300,045▼ 45.8%
2022 · €553,218
EBIT margin
-25.7%▼ 24.7pp
2022 · -1.0%
Net result
-€79,106▼ 1,020%
2022 · -€7,063
Working capital
-€62,590
2022 · €11,398
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €77,026 in 2023 against €5,556 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.
Turnover€300,045
2023
Operating result-€77,026
2023
Net result-€79,106
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€115,542
2023
Equity-€49,771
2023
Debt€165,313
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€62,590
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-25.7%
2023
Return on assets (ROA)-68.5%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-43.1%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.59
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0.3
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€469,633-€549,503▲ 17.0%€606,914▲ 10.4%€640,052▲ 5.5%€553,218▼ 13.6%€300,045▼ 45.8%
Operating result€5,788-€5,326▼ 8.0%€30,949▲ 481%€12,372▼ 60.0%-€5,556-€77,026▼ 1,286%
Net result€1,624-€574▼ 64.6%€25,369above the sector's middle half▲ 44×€5,875within the sector's middle half▼ 76.8%-€7,063below the sector's middle half-€79,106below the sector's middle half▼ 1,020%
EBIT margin1.2%-1.0%▼ 0.3pp5.1%▲ 4.1pp1.9%▼ 3.2pp-1.0%▼ 2.9pp-25.7%▼ 24.7pp
Equity€18,980-€19,555▲ 3.0%€30,523within the sector's middle half▲ 56.1%€36,398within the sector's middle half▲ 19.2%€29,335within the sector's middle half▼ 19.4%-€49,771below the sector's middle half
Total assets€95,739-€86,191▼ 10.0%€182,503within the sector's middle half▲ 112%€281,457within the sector's middle half▲ 54.2%€230,623within the sector's middle half▼ 18.1%€115,542within the sector's middle half▼ 49.9%
Debt€76,759-€66,636▼ 13.2%€151,980▲ 128%€245,059▲ 61.2%€201,288▼ 17.9%€165,313▼ 17.9%
Working capital-€4,960--€1,710▲ 65.5%€14,786within the sector's middle half€27,630within the sector's middle half▲ 86.9%€11,398within the sector's middle half▼ 58.7%-€62,590below the sector's middle half
Solvency19.8%-22.7%▲ 2.9pp16.7%within the sector's middle half▼ 6.0pp12.9%below the sector's middle half▼ 3.8pp12.7%below the sector's middle half▼ 0.2pp-43.1%below the sector's middle half▼ 55.8pp
Current ratio0.94-0.97▲ 0.041.10within the sector's middle half▲ 0.121.11within the sector's middle half▲ 0.021.06within the sector's middle half▼ 0.050.59below the sector's middle half▼ 0.47
Return on assets (ROA)1.7%-0.7%▼ 1.0pp13.9%within the sector's middle half▲ 13.2pp2.1%within the sector's middle half▼ 11.8pp-3.1%below the sector's middle half▼ 5.1pp-68.5%below the sector's middle half▼ 65.4pp
Staff (FTE)1.8-1.5▼ 16.7%1.1within the sector's middle half▼ 26.7%0.3▼ 72.7%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: 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.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €115,542
Fixed assets
€25,886 ▼ 30.7%
Current assets
€89,656 ▼ 53.6%
Equity and liabilities
Equity-€49,771
Debt€165,313
Equity is negative: debt (€165,313) exceeds the balance-sheet total (€115,542).
Key figures and ratios
EBITDA
-€62,340▼
2022 · €2,396
Cash flow
-€64,421▼
2022 · €888
Quick ratio
0.11▼
2022 · 0.36
Interest coverage
-32.61▼
2022 · 1.89
Debt ≤ 1 year
€152,245▼
2022 · €181,865
Debt > 1 year
€13,052▼
2022 · €19,423
Income taxes
€284▲
2022 · €253
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 | €469,633 | €549,503 | €606,914 | €640,052 | €553,218 | €300,045 | ▼ 45.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €608,766 | €543,670 | €362,808 | ▼ 33.3% |
| Remuneration, social security and pensions62 | - | - | - | €9,898 | €735 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,263 | €24,224 | €15,376 | €10,870 | €7,951 | €14,685 | ▲ 84.7% |
| Other operating charges640/8 | - | - | - | €4,134 | €9,880 | €3,215 | ▼ 67.5% |
| Gross operating margin9900 | €69,974 | €76,317 | €65,885 | €37,274 | €13,010 | -€59,125 | - |
| Operating profit (loss)9901 | €5,788 | €5,326 | €30,949 | €12,372 | -€5,556 | -€77,026 | ▼ 1,286% |
| Financial income75/76B | - | - | - | €19 | €13 | €115 | ▲ 812% |
| Recurring financial income75 | €1,392 | €640 | €10 | €19 | €13 | €115 | ▲ 812% |
| Financial charges65/66B | - | - | - | €4,259 | €1,267 | €1,912 | ▲ 50.9% |
| Recurring financial charges65 | €3,070 | €3,738 | €2,398 | €4,259 | €1,267 | €1,912 | ▲ 50.9% |
| Profit (loss) for the period before taxes9903 | €4,111 | €2,227 | €28,561 | €8,132 | -€6,810 | -€78,822 | ▼ 1,057% |
| Income taxes67/77 | €2,487 | €1,653 | €3,193 | €2,257 | €253 | €284 | ▲ 12.3% |
| Profit (loss) for the period9904 | €1,624 | €574 | €25,369 | €5,875 | -€7,063 | -€79,106 | ▼ 1,020% |
| Profit (loss) for the period to be appropriated9905 | €1,624 | €574 | €25,369 | €5,875 | -€7,063 | -€79,106 | ▼ 1,020% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €95,739 | €86,191 | €182,503 | €281,457 | €230,623 | €115,542 | ▼ 49.9% |
| Fixed assets21/28 | €23,940 | €21,265 | €15,738 | €8,768 | €37,361 | €25,886 | ▼ 30.7% |
| Intangible fixed assets21 | - | - | - | €1,663 | €1,029 | €396 | ▼ 61.5% |
| Tangible fixed assets22/27 | €23,666 | €20,991 | €15,464 | €6,831 | €35,922 | €25,081 | ▼ 30.2% |
| Furniture and vehicles24 | - | - | - | €6,831 | €35,922 | €25,081 | ▼ 30.2% |
| Financial fixed assets28 | €274 | €274 | €274 | €274 | €409 | €409 | = |
| Current assets29/58 | €71,799 | €64,926 | €166,765 | €272,689 | €193,263 | €89,656 | ▼ 53.6% |
| Stocks and contracts in progress3 | - | €21,987 | - | €102,481 | €126,914 | €72,309 | ▼ 43.0% |
| Stocks30/36 | - | - | - | €102,481 | €126,914 | €72,309 | ▼ 43.0% |
| Amounts receivable within one year40/41 | €39,572 | €1,382 | €119,149 | €152,558 | €45,861 | €7,436 | ▼ 83.8% |
| Trade receivables40 | - | - | - | €152,393 | €44,575 | €238 | ▼ 99.5% |
| Other amounts receivable41 | - | - | - | €165 | €1,286 | €7,197 | ▲ 460% |
| Cash at bank and in hand54/58 | €30,227 | €41,557 | €47,616 | €17,650 | €20,487 | €9,911 | ▼ 51.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €95,739 | €86,191 | €182,503 | €281,457 | €230,623 | €115,542 | ▼ 49.9% |
| Equity10/15 | €18,980 | €19,555 | €30,523 | €36,398 | €29,335 | -€49,771 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €10,920 | €11,495 | €22,463 | €28,338 | €21,275 | -€57,831 | - |
| Amounts payable17/49 | €76,759 | €66,636 | €151,980 | €245,059 | €201,288 | €165,313 | ▼ 17.9% |
| Amounts payable after more than one year17 | - | - | - | - | €19,423 | €13,052 | ▼ 32.8% |
| Financial debts170/4 | - | - | - | - | €19,423 | €13,052 | ▼ 32.8% |
| Amounts payable within one year42/48 | €76,759 | €66,636 | €151,980 | €245,059 | €181,865 | €152,245 | ▼ 16.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,082 | €6,369 | ▲ 4.7% |
| Financial debts43 | - | - | - | €6,439 | - | - | - |
| Other loans439 | - | - | - | €6,439 | - | - | - |
| Trade debts44 | €69,050 | €53,945 | €126,985 | €109,116 | €109,241 | €34,777 | ▼ 68.2% |
| Suppliers440/4 | - | - | - | €109,116 | €109,241 | €34,777 | ▼ 68.2% |
| Taxes, remuneration and social security45 | - | - | - | €8,836 | €2,510 | €537 | ▼ 78.6% |
| Taxes450/3 | - | - | - | €8,836 | €2,510 | €537 | ▼ 78.6% |
| Other amounts payable47/48 | - | - | - | €120,668 | €64,032 | €110,563 | ▲ 72.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €15 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,624 | €574 | €25,369 | €5,875 | -€7,063 | -€79,106 | ▼ 1,020% |
| + Depreciation and write-downs630 | €25,263 | €24,224 | €15,376 | €10,870 | €7,951 | €14,685 | ▲ 84.7% |
| Operating cash flow (approximation) | €26,887 | €24,799 | €40,744 | €16,745 | €888 | -€64,421 | - |
| Investment in fixed assets (approximation) | - | -€21,548 | -€9,849 | -€3,900 | -€36,544 | -€3,211 | ▲ 91.2% |
| Change in cash | - | €11,330 | €6,059 | -€29,967 | €2,837 | -€10,576 | - |
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 (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 31-08-2024 | 2024-00429907 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00416452 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20386392 |
| 31-12-2020 | micro format | 03-02-2022 | 2022-04700592 |
| 31-12-2019 | micro format | 22-06-2020 | 2020-21600089 |
| 31-12-2018 | micro format | 19-06-2019 | 2019-21700014 |
| 31-12-2017 | full format | 18-06-2018 | 2018-19600447 |
| 31-12-2016 | full format | 29-06-2017 | 2017-24400013 |
| 31-12-2015 | full format | 05-07-2016 | 2016-28900280 |
| 31-12-2014 | full format | 23-02-2015 | 2015-04700388 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 29,229 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,272. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.