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Dissolution or liquidationFinancials · financial year 2022, micro format
2022 annual accounts filed late (198 days) Filed on 14 February 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00031377.
Equity
€134,954▲ 0.4%
2021 · €134,394
Total assets
€254,105▲ 20.5%
2021 · €210,807
Net result
€560▼ 99.1%
2021 · €62,558
Working capital
€127,089▼ 1.3%
2021 · €128,809
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result falls in 2022; 2022 is 86% below 2021 and is 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€12,447
2022
Net result€560
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€254,105
2022
Equity€134,954
2022
Debt€119,151
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€127,089
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.2%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency53.1%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.07
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€24,955-€18,307▼ 26.6%€32,637▲ 78.3%€91,366▲ 180%€12,447▼ 86.4%
Net result€4,548-€2,640▼ 41.9%€1,519within the sector's middle half▼ 42.5%€62,558above the sector's middle half▲ 4,019%€560within the sector's middle half▼ 99.1%
Equity€58,929-€61,569▲ 4.5%€63,087within the sector's middle half▲ 2.5%€134,394above the sector's middle half▲ 113%€134,954above the sector's middle half▲ 0.4%
Total assets€121,135-€134,660▲ 11.2%€128,067within the sector's middle half▼ 4.9%€210,807within the sector's middle half▲ 64.6%€254,105within the sector's middle half▲ 20.5%
Debt€62,206-€73,092▲ 17.5%€64,980▼ 11.1%€76,413▲ 17.6%€119,151▲ 55.9%
Working capital€53,160-€57,680▲ 8.5%€58,291within the sector's middle half▲ 1.1%€128,809above the sector's middle half▲ 121%€127,089above the sector's middle half▼ 1.3%
Solvency48.6%-45.7%▼ 2.9pp49.3%within the sector's middle half▲ 3.5pp63.8%above the sector's middle half▲ 14.5pp53.1%within the sector's middle half▼ 10.6pp
Current ratio2.12-1.92▼ 0.191.98within the sector's middle half▲ 0.052.69within the sector's middle half▲ 0.712.07within the sector's middle half▼ 0.62
Return on assets (ROA)3.8%-2.0%▼ 1.8pp1.2%within the sector's middle half▼ 0.8pp29.7%above the sector's middle half▲ 28.5pp0.2%within the sector's middle half▼ 29.5pp
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €254,105
Fixed assets
€7,865 ▲ 40.8%
Current assets
€246,240 ▲ 20.0%
Equity and liabilities €254,105
Equity
€134,954 ▲ 0.4%
Debt
€119,151 ▲ 55.9%
Debt's share of the balance-sheet total rises from 36.2% to 46.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,562▼
2021 · €95,829
Cash flow
€675▼
2021 · €67,021
Debt to equity
0.88▲
2021 · 0.57
ROE
0.4%▼
2021 · 46.5%
Interest coverage
1.38▼
2021 · 18.44
Debt ≤ 1 year
€119,151▲
2021 · €76,413
Income taxes
€2,777▼
2021 · €29,736
Staff costs
€0▼
2021 · €28
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €58,113 | €28 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,017 | €17,800 | €4,463 | €4,463 | €116 | ▼ 97.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €88,393 | - | - | - |
| Other operating charges640/8 | - | - | €2,109 | €1,762 | €8,089 | ▲ 359% |
| Gross operating margin9900 | €40,010 | €38,417 | €185,715 | €97,619 | €20,652 | ▼ 78.8% |
| Operating profit (loss)9901 | €24,955 | €18,307 | €32,637 | €91,366 | €12,447 | ▼ 86.4% |
| Financial income75/76B | - | - | €0 | €6,126 | €0 | ▼ 100% |
| Recurring financial income75 | €191 | - | €0 | €6,126 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €19,382 | €5,198 | €9,110 | ▲ 75.2% |
| Recurring financial charges65 | €17,087 | €12,422 | €19,382 | €5,198 | €9,110 | ▲ 75.2% |
| Profit (loss) for the period before taxes9903 | €8,059 | €5,885 | €13,255 | €92,294 | €3,337 | ▼ 96.4% |
| Income taxes67/77 | €3,512 | €3,245 | €11,737 | €29,736 | €2,777 | ▼ 90.7% |
| Profit (loss) for the period9904 | €4,548 | €2,640 | €1,519 | €62,558 | €560 | ▼ 99.1% |
| Profit (loss) for the period to be appropriated9905 | €4,548 | €2,640 | €1,519 | €62,558 | €560 | ▼ 99.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,135 | €134,660 | €128,067 | €210,807 | €254,105 | ▲ 20.5% |
| Fixed assets21/28 | €20,307 | €14,511 | €10,048 | €5,586 | €7,865 | ▲ 40.8% |
| Tangible fixed assets22/27 | €14,722 | €8,926 | €4,463 | - | €2,280 | - |
| Furniture and vehicles24 | - | - | €4,463 | - | €2,280 | - |
| Financial fixed assets28 | €5,586 | €5,586 | €5,586 | €5,586 | €5,586 | = |
| Current assets29/58 | €100,827 | €120,149 | €118,019 | €205,222 | €246,240 | ▲ 20.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €237,830 | - |
| Other amounts receivable291 | - | - | - | - | €237,830 | - |
| Amounts receivable within one year40/41 | €100,827 | €108,565 | €103,004 | €205,222 | €4,974 | ▼ 97.6% |
| Trade receivables40 | - | - | €16,383 | €1,668 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €86,621 | €203,554 | €4,974 | ▼ 97.6% |
| Cash at bank and in hand54/58 | - | €11,584 | €15,015 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,436 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,135 | €134,660 | €128,067 | €210,807 | €254,105 | ▲ 20.5% |
| Equity10/15 | €58,929 | €61,569 | €63,087 | €134,394 | €134,954 | ▲ 0.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €23,493 | €23,493 | €23,493 | €23,493 | €23,493 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | €21,634 | €21,634 | €21,634 | = |
| Profit (loss) carried forward14 | €16,844 | €19,484 | €21,002 | €92,310 | €92,869 | ▲ 0.6% |
| Amounts payable17/49 | €62,206 | €73,092 | €64,980 | €76,413 | €119,151 | ▲ 55.9% |
| Amounts payable after more than one year17 | €14,538 | €10,623 | €5,252 | - | - | - |
| Financial debts170/4 | - | - | €5,252 | - | - | - |
| Amounts payable within one year42/48 | €47,668 | €62,469 | €59,728 | €76,413 | €119,151 | ▲ 55.9% |
| Financial debts43 | - | - | €46,988 | €45,756 | €41,292 | ▼ 9.8% |
| Credit institutions430/8 | - | - | €46,988 | €45,756 | €41,292 | ▼ 9.8% |
| Trade debts44 | €3,971 | €6,335 | €5,484 | - | €47,323 | - |
| Suppliers440/4 | - | - | €5,484 | - | €47,323 | - |
| Taxes, remuneration and social security45 | - | - | €6,335 | €29,736 | €29,678 | ▼ 0.2% |
| Taxes450/3 | - | - | €6,335 | €29,736 | €29,678 | ▼ 0.2% |
| Other amounts payable47/48 | - | - | €921 | €921 | €859 | ▼ 6.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,548 | €2,640 | €1,519 | €62,558 | €560 | ▼ 99.1% |
| + Depreciation and write-downs630 | €11,017 | €17,800 | €4,463 | €4,463 | €116 | ▼ 97.4% |
| Operating cash flow (approximation) | €15,564 | €20,440 | €5,981 | €67,021 | €675 | ▼ 99.0% |
| Investment in fixed assets (approximation) | - | -€12,004 | -€0 | €0 | -€2,395 | - |
| Change in cash | - | - | €3,431 | - | - | - |
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 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 14-02-2024 | 2024-00031377 |
| 31-12-2021 | micro format | 16-06-2023 | 2023-00146978 |
| 31-12-2020 | micro format | 16-06-2023 | 2023-00146980 |
| 31-12-2019 | micro format | 08-07-2020 | 2020-27500529 |
| 31-12-2018 | micro format | 28-06-2019 | 2019-25800330 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56400330 |
| 31-12-2016 | abbreviated format | 24-08-2017 | 2017-47500524 |
| 31-12-2015 | abbreviated format | 17-05-2017 | 2017-12300377 |
| 31-12-2014 | abbreviated format | 23-09-2015 | 2015-59700195 |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-54800400 |
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Of the 29,199 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,152. 12,893 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.