SERG - CONSTRUCT
InactiveFinancials · financial year 2017, micro format
2017 annual accounts filed 120 days after the deadline Filed on 28 November 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-73100115.
Annual accounts 2017 filed on 28-11-2018 PDF all 5 filings
Turnover
≈ €130,000
Estimated: probably between €61,000 and €320,000
EBIT margin
Not included in this filing
Net result
€682▼ 89.6%
2016 · €6,536
Working capital
€55,905▲ 4.3%
2016 · €53,607
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
€1,498
▼ 89.8%
2017
20132017
Net result
€682
▼ 89.6%
2017
20132017
Equity
€55,088
▲ 1.3%
2017
20132017
Total assets
€123,916
▲ 9.8%
2017
20132017
Debt
€68,829
▲ 17.8%
2017
20132017
Working capital
€55,905
▲ 4.3%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€10,526-€19,826▲ 88.4%€37,348▲ 88.4%€14,708▼ 60.6%€1,498▼ 89.8%
Net result€5,406-€14,547▲ 169%€24,216▲ 66.5%€6,536▼ 73.0%€682▼ 89.6%
Equity€11,606-€26,153▲ 125%€47,869▲ 83.0%€54,405▲ 13.7%€55,088▲ 1.3%
Total assets€57,276-€173,769▲ 203%€127,147▼ 26.8%€112,817▼ 11.3%€123,916▲ 9.8%
Debt€45,670-€147,616▲ 223%€79,278▼ 46.3%€58,412▼ 26.3%€68,829▲ 17.8%
Working capital€10,842-€17,047▲ 57.2%€48,578▲ 185%€53,607▲ 10.4%€55,905▲ 4.3%
The operating result for 2017 is 90% lower than in 2016 and the lowest since 2013. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €123,916
Fixed assets
€25,298 ▲ 92.5%
Current assets
€98,618 ▼ 1.1%
Equity and liabilities €123,916
Equity
€55,088 ▲ 1.3%
Debt
€68,829 ▲ 17.8%
Debt's share of the balance-sheet total rises from 51.8% to 55.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,319▼
2016 · €26,679
Cash flow
€15,504▼
2016 · €18,507
Current ratio
2.31▲
2016 · 2.16
Debt to equity
0.47▲
2016 · 0.23
ROE
1.2%▼
2016 · 12.0%
ROA
0.6%▼
2016 · 5.8%
Debt ≤ 1 year
€42,714▼
2016 · €46,070
Debt > 1 year
€26,115▲
2016 · €12,342
Income taxes
-€975▼
2016 · €7,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €232 | €4,661 | €11,656 | €11,971 | €14,821 | ▲ 23.8% |
| Gross operating margin9900 | €25,082 | €19,511 | €187,773 | €156,312 | €17,527 | ▼ 88.8% |
| Operating profit (loss)9901 | €10,526 | €19,826 | €37,348 | €14,708 | €1,498 | ▼ 89.8% |
| Recurring financial income75 | - | €588 | €658 | €2 | €35 | ▲ 22× |
| Recurring financial charges65 | €1,055 | €704 | €1,225 | €1,173 | €1,826 | ▲ 55.6% |
| Profit (loss) for the period before taxes9903 | €9,471 | €20,624 | €39,402 | €13,536 | -€293 | - |
| Income taxes67/77 | €4,065 | €6,077 | €15,186 | €7,000 | -€975 | - |
| Profit (loss) for the period9904 | €5,406 | €14,547 | €24,216 | €6,536 | €682 | ▼ 89.6% |
| Profit (loss) for the period to be appropriated9905 | €5,406 | €14,547 | €24,216 | €6,536 | €682 | ▼ 89.6% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,276 | €173,769 | €127,147 | €112,817 | €123,916 | ▲ 9.8% |
| Fixed assets21/28 | €764 | €14,503 | €23,458 | €13,140 | €25,298 | ▲ 92.5% |
| Tangible fixed assets22/27 | €464 | €13,318 | €22,273 | €11,955 | €24,113 | ▲ 102% |
| Financial fixed assets28 | €300 | €1,185 | €1,185 | €1,185 | €1,185 | = |
| Current assets29/58 | €56,512 | €159,267 | €103,689 | €99,677 | €98,618 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €44,832 | €127,077 | €59,836 | €89,324 | €90,182 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €11,544 | €31,490 | €43,172 | €8,068 | €7,517 | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,276 | €173,769 | €127,147 | €112,817 | €123,916 | ▲ 9.8% |
| Equity10/15 | €11,606 | €26,153 | €47,869 | €54,405 | €55,088 | ▲ 1.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €3,546 | €18,093 | €39,809 | €46,345 | €47,028 | ▲ 1.5% |
| Amounts payable17/49 | €45,670 | €147,616 | €79,278 | €58,412 | €68,829 | ▲ 17.8% |
| Amounts payable after more than one year17 | - | €5,397 | €24,167 | €12,342 | €26,115 | ▲ 112% |
| Amounts payable within one year42/48 | €45,670 | €142,220 | €55,111 | €46,070 | €42,714 | ▼ 7.3% |
| Trade debts44 | €39,862 | €128,364 | €30,737 | €16,186 | €23,912 | ▲ 47.7% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,406 | €14,547 | €24,216 | €6,536 | €682 | ▼ 89.6% |
| + Depreciation and write-downs630 | €232 | €4,661 | €11,656 | €11,971 | €14,821 | ▲ 23.8% |
| Operating cash flow (approximation) | €5,638 | €19,208 | €35,872 | €18,507 | €15,504 | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | -€18,400 | -€20,611 | -€1,653 | -€26,979 | ▼ 1,532% |
| Change in cash | - | €19,946 | €11,682 | -€35,104 | -€551 | ▲ 98.4% |
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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | micro format | 28-11-2018 | 2018-73100115 | |
| 31-12-2016 | micro format | 06-09-2017 | 2017-60300224 | |
| 31-12-2015 | full format | 06-04-2017 | 2017-09300372 | |
| 31-12-2014 | full format | 24-09-2015 | 2015-60700064 | |
| 31-12-2013 | full format | 01-07-2014 | 2014-25800186 |