POEET CONSTRUCT
BankruptcyFinancials · financial year 2021, abbreviated format
Turnover
€155,908
EBIT margin
39.2%
Net result
-€318,869▼ 1,021%
2020 · -€28,437
Working capital
-€1.6m▼ 24.5%
2020 · -€1.3m
Trend over the years
2018 to 2021, 3 financial years 2018 to 2021, 3 financial years
The operating result stays negative: a loss of €318,744 in 2021 against €18,839 in 2020; the loss grows and 2021 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.
Operating result-€0.3m
2021
Net result-€0.3m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.6m
2021
Equity€2.9m
2021
Debt€1.7m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.6m
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)0.4
2020
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820202021
Turnover€0.2m-
Operating result€0.06m--€0.02m--€0.3m▼ 1,592%
Net result€1.4m--€0.03m--€0.3m▼ 1,021%
EBIT margin39.2%-
Equity€3.2m-€3.2m-€2.9m▼ 10.0%
Total assets€4.6m-€5.4m-€4.6m▼ 15.6%
Debt€1.4m-€2.2m-€1.7m▼ 23.8%
Working capital-€0.8m--€1.3m--€1.6m▼ 24.5%
Staff (FTE)1-0.4-
Why a figure moved sharply
- 2021 Net result -1,021% on 2020. The previous financial year ran 21 months, this one 12.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.6m
Fixed assets
€4.5m =
Current assets
€69,004 ▼ 92.5%
Equity and liabilities €4.6m
Equity
€2.9m ▼ 10.0%
Debt
€1.7m ▼ 23.8%
Debt's share of the balance-sheet total falls from 40.9% to 37.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.04▼
2020 · 0.41
Debt to equity
0.59
ROE
-11.1%▼
2020 · -0.9%
ROA
-7.0%▼
2020 · -0.5%
Debt ≤ 1 year
€1.7m▼
2020 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | €0.2m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | - | - | - |
| Other operating charges640/8 | - | - | €449 | - |
| Gross operating margin9900 | €0.1m | €0.005m | -€0.3m | - |
| Operating profit (loss)9901 | €0.06m | -€0.02m | -€0.3m | ▼ 1,592% |
| Recurring financial income75 | €1.3m | €21 | - | - |
| Financial charges65/66B | - | - | €126 | - |
| Recurring financial charges65 | €0.02m | €0.01m | €126 | ▼ 98.7% |
| Profit (loss) for the period before taxes9903 | €1.4m | -€0.03m | -€0.3m | ▼ 1,021% |
| Income taxes67/77 | €0.02m | - | - | - |
| Profit (loss) for the period9904 | €1.4m | -€0.03m | -€0.3m | ▼ 1,021% |
| Profit (loss) for the period to be appropriated9905 | €1.4m | -€0.03m | -€0.3m | ▼ 1,021% |
| Line | 2018 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €4.6m | €5.4m | €4.6m | ▼ 15.6% |
| Fixed assets21/28 | €4.5m | €4.5m | €4.5m | = |
| Tangible fixed assets22/27 | €0.05m | - | - | - |
| Financial fixed assets28 | €4.5m | €4.5m | €4.5m | = |
| Current assets29/58 | €0.04m | €0.9m | €0.07m | ▼ 92.5% |
| Amounts receivable within one year40/41 | €0.006m | €0.9m | €0.06m | ▼ 93.1% |
| Other amounts receivable41 | - | - | €0.06m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.005m | €0.006m | ▲ 9.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €4.6m | €5.4m | €4.6m | ▼ 15.6% |
| Equity10/15 | €3.2m | €3.2m | €2.9m | ▼ 10.0% |
| Contributions10/11 | €0.2m | - | €0.2m | - |
| Reserves13 | €1.4m | €1.4m | €1.4m | = |
| Non-distributable reserves130/1 | - | - | €0.02m | - |
| Reserves not available under the articles1311 | - | - | €0.02m | - |
| Distributable reserves133 | - | - | €1.4m | - |
| Profit (loss) carried forward14 | €1.6m | €1.5m | €1.2m | ▼ 20.9% |
| Amounts payable17/49 | €1.4m | €2.2m | €1.7m | ▼ 23.8% |
| Amounts payable after more than one year17 | €0.5m | - | - | - |
| Amounts payable within one year42/48 | €0.9m | €2.2m | €1.7m | ▼ 23.8% |
| Trade debts44 | €0.004m | €0.9m | €0.4m | ▼ 58.1% |
| Suppliers440/4 | - | - | €0.4m | - |
| Other amounts payable47/48 | - | - | €1.3m | - |
| Line | 2018 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | -€0.03m | -€0.3m | ▼ 1,021% |
| + Depreciation and write-downs630 | €0.01m | - | - | - |
| Operating cash flow (approximation) | €1.4m | -€0.03m | -€0.3m | ▼ 1,021% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | - | €493 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2021 | abbreviated format | 29-04-2022 | 2022-20013046 |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12000288 |
| 31-12-2018 | abbreviated format | 28-05-2019 | 2019-14900227 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57800187 |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-57400468 |
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-48500207 |
| 31-12-2014 | abbreviated format | 26-08-2015 | 2015-49200323 |
| 31-12-2013 | abbreviated format | 20-08-2014 | 2014-45300154 |
| 31-12-2012 | abbreviated format | 13-09-2013 | 2013-58000584 |
| 31-12-2011 | abbreviated format | 27-09-2012 | 2012-58800588 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.