SIRO CONSTRUCT
InactiveFinancials · financial year 2022, abbreviated format
Equity
€125,081▼ 44.4%
2021 · €224,945
Total assets
€615,652▲ 17.0%
2021 · €526,198
Net result
-€99,864▼ 101%
2021 · -€49,636
Working capital
-€34,708
2021 · €15,383
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result stays negative: a loss of €95,894 in 2022 against €45,748 in 2021; the loss grows and 2022 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-€95,894
2022
Net result-€99,864
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€615,652
2022
Equity€125,081
2022
Debt€490,572
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€34,708
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)6.9
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€10,600-€21,592▲ 104%-€45,748-€95,894▼ 110%
Net result€10,576-€21,108▲ 99.6%-€49,636-€99,864▼ 101%
Equity€53,472-€74,581▲ 39.5%€224,945▲ 202%€125,081▼ 44.4%
Total assets€55,157-€75,005▲ 36.0%€526,198▲ 602%€615,652▲ 17.0%
Debt€1,685-€424▼ 74.8%€301,253▲ 70,957%€490,572▲ 62.8%
Working capital€53,472-€74,581▲ 39.5%€15,383▼ 79.4%-€34,708
Staff (FTE)9.66.9▼ 28.1%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €615,652
Fixed assets
€159,829 ▼ 23.7%
Current assets
€455,823 ▲ 44.0%
Equity and liabilities €615,652
Equity
€125,081 ▼ 44.4%
Debt
€490,572 ▲ 62.8%
Debt's share of the balance-sheet total rises from 57.3% to 79.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€43,520▼
2021 · -€20,090
Cash flow
-€47,490▼
2021 · -€23,978
Current ratio
0.93▼
2021 · 1.05
Quick ratio
0.69▼
2021 · 0.91
Debt to equity
3.92▲
2021 · 1.34
ROE
-79.8%▼
2021 · -22.1%
ROA
-16.2%▼
2021 · -9.4%
Interest coverage
-3.85▲
2021 · -5.27
Debt ≤ 1 year
€490,531▲
2021 · €301,253
Income taxes
€162▲
2021 · €73
Staff costs
€352,432▲
2021 · €179,683
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €179,683 | €352,432 | ▲ 96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €25,658 | €52,374 | ▲ 104% |
| Other operating charges640/8 | - | - | €6,557 | €8,898 | ▲ 35.7% |
| Gross operating margin9900 | €11,295 | €21,692 | €166,150 | €317,810 | ▲ 91.3% |
| Operating profit (loss)9901 | €10,600 | €21,592 | -€45,748 | -€95,894 | ▼ 110% |
| Financial income75/76B | - | - | - | €7,500 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Non-recurring financial income76B | - | - | - | €7,500 | - |
| Financial charges65/66B | - | - | €3,815 | €11,308 | ▲ 196% |
| Recurring financial charges65 | €24 | €60 | €3,815 | €11,308 | ▲ 196% |
| Profit (loss) for the period before taxes9903 | €10,576 | €21,532 | -€49,563 | -€99,702 | ▼ 101% |
| Income taxes67/77 | - | €424 | €73 | €162 | ▲ 121% |
| Profit (loss) for the period9904 | €10,576 | €21,108 | -€49,636 | -€99,864 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €10,576 | €21,108 | -€49,636 | -€99,864 | ▼ 101% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €55,157 | €75,005 | €526,198 | €615,652 | ▲ 17.0% |
| Fixed assets21/28 | - | - | €209,562 | €159,829 | ▼ 23.7% |
| Intangible fixed assets21 | - | - | €188,009 | €147,521 | ▼ 21.5% |
| Tangible fixed assets22/27 | - | - | €21,553 | €12,307 | ▼ 42.9% |
| Plant, machinery and equipment23 | - | - | €7,896 | €5,594 | ▼ 29.2% |
| Furniture and vehicles24 | - | - | €13,657 | €6,714 | ▼ 50.8% |
| Current assets29/58 | €55,157 | €75,005 | €316,636 | €455,823 | ▲ 44.0% |
| Stocks and contracts in progress3 | - | - | €43,849 | €117,991 | ▲ 169% |
| Stocks30/36 | - | - | €43,849 | €42,270 | ▼ 3.6% |
| Contracts in progress37 | - | - | - | €75,721 | - |
| Amounts receivable within one year40/41 | €6,446 | €0 | €247,466 | €253,913 | ▲ 2.6% |
| Trade receivables40 | - | - | €223,671 | €249,234 | ▲ 11.4% |
| Other amounts receivable41 | - | - | €23,795 | €4,680 | ▼ 80.3% |
| Cash at bank and in hand54/58 | €48,711 | €75,005 | €24,627 | €82,153 | ▲ 234% |
| Deferred charges and accrued income490/1 | - | - | €694 | €1,767 | ▲ 155% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €55,157 | €75,005 | €526,198 | €615,652 | ▲ 17.0% |
| Equity10/15 | €53,472 | €74,581 | €224,945 | €125,081 | ▼ 44.4% |
| Contributions10/11 | €61,500 | €61,500 | €261,500 | €261,500 | = |
| Capital10 | - | - | €261,500 | €261,500 | = |
| Issued capital100 | - | - | €261,500 | €261,500 | = |
| Reserves13 | €12,532 | €12,532 | €12,532 | €12,532 | = |
| Non-distributable reserves130/1 | - | - | €3,660 | €3,660 | = |
| Legal reserve130 | - | - | €3,660 | €3,660 | = |
| Distributable reserves133 | - | - | €8,872 | €8,872 | = |
| Profit (loss) carried forward14 | -€20,560 | €548 | -€49,088 | -€148,952 | ▼ 203% |
| Amounts payable17/49 | €1,685 | €424 | €301,253 | €490,572 | ▲ 62.8% |
| Amounts payable within one year42/48 | €1,685 | €424 | €301,253 | €490,531 | ▲ 62.8% |
| Financial debts43 | - | - | - | €10,515 | - |
| Credit institutions430/8 | - | - | - | €10,515 | - |
| Trade debts44 | €700 | €0 | €114,718 | €275,983 | ▲ 141% |
| Suppliers440/4 | - | - | €114,718 | €275,983 | ▲ 141% |
| Taxes, remuneration and social security45 | - | - | €36,536 | €54,032 | ▲ 47.9% |
| Taxes450/3 | - | - | €1,326 | €3,260 | ▲ 146% |
| Remuneration and social security454/9 | - | - | €35,210 | €50,772 | ▲ 44.2% |
| Other amounts payable47/48 | - | - | €150,000 | €150,000 | = |
| Accrued charges and deferred income492/3 | - | - | - | €41 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,576 | €21,108 | -€49,636 | -€99,864 | ▼ 101% |
| + Depreciation and write-downs630 | €0 | - | €25,658 | €52,374 | ▲ 104% |
| Operating cash flow (approximation) | €10,576 | €21,108 | -€23,978 | -€47,490 | ▼ 98.1% |
| Investment in fixed assets (approximation) | - | - | - | -€2,640 | - |
| Change in cash | - | €26,294 | -€50,378 | €57,526 | - |
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 |
|---|---|---|---|
| 30-09-2022 | abbreviated format | 21-04-2023 | 2023-00062568 |
| 30-09-2021 | abbreviated format | 20-04-2022 | 2022-20006748 |
| 30-09-2020 | abbreviated format | 19-04-2021 | 2021-10800141 |
| 30-09-2019 | abbreviated format | 22-04-2020 | 2020-09500416 |
| 30-09-2018 | abbreviated format | 03-04-2019 | 2019-09400440 |
| 30-09-2017 | abbreviated format | 20-03-2018 | 2018-07300306 |
| 30-09-2016 | abbreviated format | 29-03-2017 | 2017-08200383 |
| 30-09-2015 | abbreviated format | 08-03-2016 | 2016-05900516 |
| 30-09-2014 | abbreviated format | 14-04-2015 | 2015-09800165 |
| 30-09-2013 | abbreviated format | 18-04-2014 | 2014-09500095 |
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €1,990 awarded · €1,799 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €191 | €0 |
| 2022 | 1 | €1,799 | €1,799 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.