Rv Construct Sprl
Open bankruptcyFinancials · financial year 2021, micro format
2021 annual accounts filed 324 days after the deadline Filed on 20 June 2023, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2023-00167467.
Annual accounts 2021 filed on 20-06-2023 PDF all 7 filings
Turnover
€286,656▼ 29.6%
2020 · €407,423
EBIT margin
-9.4%▼ 8.0pp
2020 · -1.4%
Net result
-€30,710▼ 336%
2020 · -€7,046
Working capital
€21,044▼ 48.3%
2020 · €40,684
Multi-year overview
2018 to 2021, 4 financial yearsTurnover
€286,656
▼ 29.6%
2021
20182021
Operating result
-€27,039
▼ 375%
2021
20182021
Net result
-€30,710
▼ 336%
2021
lowest quarter of the sector
20182021
EBIT margin
-9.4%
▼ 8.0pp
2021
20182021
Equity
-€8,820
2021
lowest quarter of the sector
20182021
Total assets
€49,288
▼ 47.8%
2021
lowest quarter of the sector
20182021
Debt
€33,108
▼ 30.2%
2021
20182021
Working capital
€21,044
▼ 48.3%
2021
middle half of the sector
20182021
Solvency
-17.9%
▼ 41.1pp
2021
lowest quarter of the sector
20182021
Current ratio
1.80
▼ 0.05
2021
middle half of the sector
20182021
Return on assets (ROA)
-62.3%
▼ 54.8pp
2021
lowest quarter of the sector
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€438,146-€417,249▼ 4.8%€407,423▼ 2.4%€286,656▼ 29.6%
Operating result€6,146-€544▼ 91.1%-€5,694-€27,039▼ 375%
Net result€4,611--€408-€7,046below the sector's middle half▼ 1,627%-€30,710below the sector's middle half▼ 336%
EBIT margin1.4%-0.1%▼ 1.3pp-1.4%▼ 1.5pp-9.4%▼ 8.0pp
Equity€38,130-€28,936▼ 24.1%€21,890below the sector's middle half▼ 24.4%-€8,820below the sector's middle half
Total assets€98,189-€100,323▲ 2.2%€94,337below the sector's middle half▼ 6.0%€49,288below the sector's middle half▼ 47.8%
Debt€60,059-€71,387▲ 18.9%€47,447▼ 33.5%€33,108▼ 30.2%
Working capital€33,756-€18,510▼ 45.2%€40,684within the sector's middle half▲ 120%€21,044within the sector's middle half▼ 48.3%
Solvency38.8%-28.8%▼ 10.0pp23.2%within the sector's middle half▼ 5.6pp-17.9%below the sector's middle half▼ 41.1pp
Current ratio1.56-1.26▼ 0.301.86within the sector's middle half▲ 0.601.80within the sector's middle half▼ 0.05
Return on assets (ROA)4.7%--0.4%▼ 5.1pp-7.5%below the sector's middle half▼ 7.1pp-62.3%below the sector's middle half▼ 54.8pp
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.
The operating result for 2021 is a loss of €27,039, larger than the loss of €5,694 in 2020. It is the lowest result since 2018.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €49,288
Fixed assets
€2,086 ▼ 66.4%
Current assets
€47,202 ▼ 46.4%
Equity and liabilities
Equity-€8,820
Debt€33,108
Equity is negative. Debt (€33,108) exceeds the balance-sheet total (€49,288).
Key figures and ratios
EBITDA
-€24,994▼
2020 · -€839
Cash flow
-€28,665▼
2020 · -€2,191
Interest coverage
-6.79▼
2020 · -0.62
Debt ≤ 1 year
€26,158▼
2020 · €47,447
Customer credit
36 days▼
2020 · 42 days
Supplier credit
26 days▼
2020 · 39 days
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2020 | 2021 |
|---|---|---|
| Tangible fixed assets | €1,031 | €1,296 |
| Depreciation and write-downs of the year | €4,855 | €2,045 |
Source: notes to the 2020 to 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €438,146 | €417,249 | €407,423 | €286,656 | ▼ 29.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €382,471 | €308,864 | ▼ 19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,040 | €4,331 | €4,855 | €2,045 | ▼ 57.9% |
| Other operating charges640/8 | - | - | €791 | €2,786 | ▲ 252% |
| Non-recurring operating charges66A | - | - | €25,000 | - | - |
| Gross operating margin9900 | €11,563 | €5,427 | €24,952 | -€22,208 | - |
| Operating profit (loss)9901 | €6,146 | €544 | -€5,694 | -€27,039 | ▼ 375% |
| Financial income75/76B | - | - | - | €10 | - |
| Recurring financial income75 | - | - | - | €10 | - |
| Financial charges65/66B | - | - | €1,352 | €3,681 | ▲ 172% |
| Recurring financial charges65 | €354 | €952 | €1,352 | €3,681 | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €5,792 | -€408 | -€7,046 | -€30,710 | ▼ 336% |
| Income taxes67/77 | €1,181 | - | - | - | - |
| Profit (loss) for the period9904 | €4,611 | -€408 | -€7,046 | -€30,710 | ▼ 336% |
| Profit (loss) for the period to be appropriated9905 | €4,611 | -€408 | -€7,046 | -€30,710 | ▼ 336% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €98,189 | €100,323 | €94,337 | €49,288 | ▼ 47.8% |
| Fixed assets21/28 | €4,374 | €10,426 | €6,206 | €2,086 | ▼ 66.4% |
| Tangible fixed assets22/27 | €4,374 | €10,426 | €6,206 | €2,086 | ▼ 66.4% |
| Plant, machinery and equipment23 | - | - | €2,835 | €1,818 | ▼ 35.9% |
| Furniture and vehicles24 | - | - | €3,371 | €268 | ▼ 92.0% |
| Current assets29/58 | €93,815 | €89,897 | €88,131 | €47,202 | ▼ 46.4% |
| Amounts receivable within one year40/41 | €75,410 | €57,347 | €62,137 | €31,769 | ▼ 48.9% |
| Trade receivables40 | - | - | €47,134 | €28,192 | ▼ 40.2% |
| Other amounts receivable41 | - | - | €15,003 | €3,577 | ▼ 76.2% |
| Cash at bank and in hand54/58 | €17,745 | €31,222 | €23,209 | €14,197 | ▼ 38.8% |
| Deferred charges and accrued income490/1 | - | - | €2,785 | €1,236 | ▼ 55.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €98,189 | €100,323 | €94,337 | €49,288 | ▼ 47.8% |
| Equity10/15 | €38,130 | €28,936 | €21,890 | -€8,820 | - |
| Contributions10/11 | €6,200 | €11,700 | €11,700 | €11,700 | = |
| Capital10 | - | - | €11,700 | €11,700 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | €6,900 | €6,900 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €30,070 | €15,376 | €8,330 | -€22,380 | - |
| Provisions and deferred taxes16 | - | - | €25,000 | €25,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €25,000 | €25,000 | = |
| Environmental obligations163 | - | - | €25,000 | €25,000 | = |
| Amounts payable17/49 | €60,059 | €71,387 | €47,447 | €33,108 | ▼ 30.2% |
| Amounts payable within one year42/48 | €60,059 | €71,387 | €47,447 | €26,158 | ▼ 44.9% |
| Financial debts43 | - | - | €2,627 | - | - |
| Credit institutions430/8 | - | - | €1,220 | - | - |
| Other loans439 | - | - | €1,407 | - | - |
| Trade debts44 | €49,033 | €63,271 | €40,534 | €21,872 | ▼ 46.0% |
| Suppliers440/4 | - | - | €40,534 | €21,872 | ▼ 46.0% |
| Other amounts payable47/48 | - | - | €4,286 | €4,286 | = |
| Accrued charges and deferred income492/3 | - | - | - | €6,950 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,611 | -€408 | -€7,046 | -€30,710 | ▼ 336% |
| + Depreciation and write-downs630 | €5,040 | €4,331 | €4,855 | €2,045 | ▼ 57.9% |
| Operating cash flow (approximation) | €9,651 | €3,923 | -€2,191 | -€28,665 | ▼ 1,208% |
| Investment in fixed assets (approximation) | - | -€10,383 | -€635 | €2,075 | - |
| Change in cash | - | €13,477 | -€8,013 | -€9,012 | ▼ 12.5% |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 20-06-2023 | 2023-00167467 | |
| 31-12-2020 | full format | 23-05-2022 | 2022-20035617 | |
| 31-12-2019 | full format | 31-12-2020 | 2020-77700312 | |
| 31-12-2018 | full format | 09-01-2020 | 2020-00800307 | |
| 31-12-2017 | full format | 13-09-2018 | 2018-63100041 | |
| 31-12-2016 | full format | 07-09-2017 | 2017-60600230 | |
| 31-12-2015 | full format | 23-09-2016 | 2016-61700015 |