Filings
The 2017 accounts came latest: 153 days after the end of the period.
The 2017 accounts came latest: 153 days after the end of the period.
On 16 May 2023 the court declared PIRES CONSTRUCT bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €56,000. Estimated: probably between €26,000 and €140,000.
| Line | Trend | 2020 | 2018 | 2017 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
Total assets20/58 |
23,889 | 17,191 | 8,267 | |
Fixed assets21/28 |
4,332 | 7,695 | 2,583 | |
Tangible fixed assets22/27 |
4,332 | 7,695 | 2,583 | |
Plant, machinery and equipment23 |
4,332 | 6,762 | 717 | |
Furniture and vehicles24 |
- | 933 | 1,867 | |
Current assets29/58 |
19,558 | 9,496 | 5,683 | |
Amounts receivable within one year40/41 |
16,986 | 8,036 | 2,896 | |
Trade receivables40 |
16,969 | 7,101 | 1,877 | |
Other amounts receivable41 |
17 | 935 | 1,019 | |
Cash at bank and in hand54/58 |
2,572 | 150 | 2,787 | |
Deferred charges and accrued income490/1 |
- | 1,310 | - | |
| Balance sheet: equity and liabilities | ||||
Total equity and liabilities10/49 |
23,889 | 17,191 | 8,267 | |
Equity10/15 |
12,591 | 9,390 | 4,957 | |
Contributions10/11 |
1,000 | 1,000 | 1,000 | |
Issued capital100 |
- | 1,000 | 1,000 | |
Reserves13 |
8,390 | 8,390 | 3,957 | |
Distributable reserves133 |
8,390 | 8,390 | 3,957 | |
Profit (loss) carried forward14 |
3,201 | - | - | |
Amounts payable17/49 |
11,298 | 7,801 | 3,310 | |
Amounts payable within one year42/48 |
11,298 | 7,801 | 3,310 | |
Trade debts44 |
7,060 | 4,034 | 1,610 | |
Suppliers440/4 |
7,060 | 4,034 | 1,610 | |
Taxes, remuneration and social security45 |
4,239 | 3,500 | 1,700 | |
Taxes450/3 |
4,239 | 3,500 | 1,700 | |
Other amounts payable47/48 |
- | 266 | - | |
| Income statement | ||||
Gross operating margin9900 |
7,379 | 10,445 | 12,376 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
2,301 | 2,445 | 1,113 | |
Other operating charges640/8 |
378 | 1,740 | 1,301 | |
Non-recurring operating charges66A |
2,060 | - | - | |
Operating profit (loss)9901 |
2,640 | 6,261 | 9,962 | |
Financial income75/76B |
- | 38 | - | |
Recurring financial income75 |
- | 38 | - | |
Financial charges65/66B |
1,756 | 65 | 4,305 | |
Recurring financial charges65 |
1,756 | 65 | 4,305 | |
Profit (loss) for the period before taxes9903 |
884 | 6,233 | 5,657 | |
Income taxes67/77 |
1,297 | 1,800 | 1,700 | |
Profit (loss) for the period9904 |
-413 | 4,433 | 3,957 | |
Profit (loss) for the period to be appropriated9905 |
-413 | 4,433 | 3,957 | |
| Appropriation of the result | ||||
Profit (loss) to be appropriated9906 |
3,201 | 4,433 | 3,957 | |
Transfer to equity691/2 |
- | 4,433 | 3,957 | |
To other reserves6921 |
- | 4,433 | 3,957 | |
| Document | ||||
Source: Annual accounts 2020 (PDF), filed on 18-10-2021.
2020 annual accounts filed 79 days after the deadline. Filed on 18 October 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-72200371.
| Line | Trend | 2020 | 2018 | 2017 |
|---|---|---|---|---|
| EBITDA | 4,941 | 8,705 | 11,075 | |
| Cash flow | 1,889 | 6,878 | 5,069 | |
| Investment in fixed assets | - | 7,556 | 3,696 | |
| Change in cash | - | -2,637 | - | |
| Working capital | 8,259 | 1,695 | 2,373 | |
| Solvency | 52.7% | 54.6% | 60.0% | |
| Current ratio | 1.73 | 1.22 | 1.72 | |
| Debt to equity | 0.90 | 0.83 | 0.67 | |
| ROE | -3.3% | 47.2% | 79.8% | |
| ROA | -1.7% | 25.8% | 47.9% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2020 is €2,640, against €6,261 in 2018. Comparable figures for the intervening years are unavailable.
Debt's share of the balance-sheet total is 47.3%.
PIRES CONSTRUCT has no parent and no holdings in its annual accounts. Dos Santos Douglas William is the only director. PIRES CONSTRUCT shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
PIRES CONSTRUCT is no longer in the KBO register.
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