Prefabel
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 18-07-2024 PDF all 2 filings
Turnover
≈ €1,400
Estimated: probably between €760 and €2,600
Total assets
€67,831▲ 14.4%
2022 · €59,296
Net result
-€5,571
2022 · €28,824
Working capital
€20,286▼ 19.9%
2022 · €25,340
Multi-year overview
2022 to 2023, 2 financial yearsOperating result
-€5,596
2023
20222023
Net result
-€5,571
2023
lowest quarter of the sector
20222023
Equity
€25,252
▼ 18.1%
2023
middle half of the sector
20222023
Total assets
€67,831
▲ 14.4%
2023
middle half of the sector
20222023
Debt
€42,578
▲ 49.5%
2023
20222023
Working capital
€20,286
▼ 19.9%
2023
middle half of the sector
20222023
Solvency
37.2%
▼ 14.8pp
2023
middle half of the sector
20222023
Current ratio
1.60
▼ 1.11
2023
middle half of the sector
20222023
Return on assets (ROA)
-8.2%
▼ 56.8pp
2023
lowest 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€37,059--€5,596
Net result€28,824above the sector's middle half--€5,571below the sector's middle half
Equity€30,824within the sector's middle half-€25,252within the sector's middle half▼ 18.1%
Total assets€59,296within the sector's middle half-€67,831within the sector's middle half▲ 14.4%
Debt€28,472-€42,578▲ 49.5%
Working capital€25,340within the sector's middle half-€20,286within the sector's middle half▼ 19.9%
Solvency52.0%within the sector's middle half-37.2%within the sector's middle half▼ 14.8pp
Current ratio2.71within the sector's middle half-1.60within the sector's middle half▼ 1.11
Return on assets (ROA)48.6%above the sector's middle half--8.2%below the sector's middle half▼ 56.8pp
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). 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 a loss of €5,596, after a profit of €37,059 in 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 €67,831
Fixed assets
€13,869 ▼ 27.5%
Current assets
€53,961 ▲ 34.3%
Equity and liabilities €67,831
Equity
€25,252 ▼ 18.1%
Debt
€42,578 ▲ 49.5%
Debt's share of the balance-sheet total rises from 48.0% to 62.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€338
Cash flow
-€313
Quick ratio
0.76▼
2022 · 2.71
Debt to equity
1.69▲
2022 · 0.92
ROE
-22.1%▼
2022 · 93.5%
Interest coverage
-0.38
Debt ≤ 1 year
€33,675▲
2022 · €14,828
Debt > 1 year
€8,903▼
2022 · €13,644
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 | €25,574 | - |
| Depreciation and write-downs of the year | - | €5,258 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,258 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €6,446 | - | - |
| Other operating charges640/8 | €1,328 | €458 | ▼ 65.5% |
| Gross operating margin9900 | €44,833 | €120 | ▼ 99.7% |
| Operating profit (loss)9901 | €37,059 | -€5,596 | - |
| Financial income75/76B | €234 | €912 | ▲ 290% |
| Recurring financial income75 | €234 | €912 | ▲ 290% |
| Financial charges65/66B | €1,006 | €886 | ▼ 11.9% |
| Recurring financial charges65 | €1,006 | €886 | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | €36,287 | -€5,571 | - |
| Income taxes67/77 | €7,463 | - | - |
| Profit (loss) for the period9904 | €28,824 | -€5,571 | - |
| Profit (loss) for the period to be appropriated9905 | €28,824 | -€5,571 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €59,296 | €67,831 | ▲ 14.4% |
| Fixed assets21/28 | €19,128 | €13,869 | ▼ 27.5% |
| Tangible fixed assets22/27 | €19,128 | €13,869 | ▼ 27.5% |
| Plant, machinery and equipment23 | €790 | €432 | ▼ 45.4% |
| Furniture and vehicles24 | €18,338 | €13,438 | ▼ 26.7% |
| Current assets29/58 | €40,168 | €53,961 | ▲ 34.3% |
| Stocks and contracts in progress3 | - | €28,500 | - |
| Contracts in progress37 | - | €28,500 | - |
| Amounts receivable within one year40/41 | €40,099 | €25,461 | ▼ 36.5% |
| Trade receivables40 | €32,085 | €20,257 | ▼ 36.9% |
| Other amounts receivable41 | €8,014 | €5,204 | ▼ 35.1% |
| Cash at bank and in hand54/58 | €69 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €59,296 | €67,831 | ▲ 14.4% |
| Equity10/15 | €30,824 | €25,252 | ▼ 18.1% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | - | - |
| Issued capital100 | €2,000 | - | - |
| Contributions outside capital11 | - | €2,000 | - |
| Other1109/19 | - | €2,000 | - |
| Reserves13 | €20,000 | €20,000 | = |
| Distributable reserves133 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €8,824 | €3,252 | ▼ 63.1% |
| Amounts payable17/49 | €28,472 | €42,578 | ▲ 49.5% |
| Amounts payable after more than one year17 | €13,644 | €8,903 | ▼ 34.7% |
| Financial debts170/4 | €13,644 | €8,903 | ▼ 34.7% |
| Amounts payable within one year42/48 | €14,828 | €33,675 | ▲ 127% |
| Current portion of amounts payable after more than one year42 | €4,495 | €5,411 | ▲ 20.4% |
| Trade debts44 | - | €14,131 | - |
| Suppliers440/4 | - | €14,131 | - |
| Taxes, remuneration and social security45 | €10,333 | €14,106 | ▲ 36.5% |
| Taxes450/3 | €10,333 | €10,406 | ▲ 0.7% |
| Remuneration and social security454/9 | - | €3,700 | - |
| Other amounts payable47/48 | - | €27 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €28,824 | -€5,571 | - |
| + Depreciation and write-downs630 | - | €5,258 | - |
| Operating cash flow (approximation) | €28,824 | -€313 | - |
| Investment in fixed assets (approximation) | - | €1 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.