SOFREMI
Open bankruptcyFinancials · financial year 2024, micro format
Equity
€26,848▲ 906%
2023 · €2,670
Total assets
€55,062▲ 170%
2023 · €20,367
Net result
€24,178
2023 · -€2,334
Working capital
€26,848▲ 910%
2023 · €2,657
Trend over the years
2021 to 2024, 4 financial years
The operating result returns to profit in 2024: €31,118 after a loss of €2,542 in 2023, the highest 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€31,118
2024
Net result€24,178
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€55,062
2024
Equity€26,848
2024
Debt€28,214
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€26,848
2024
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)43.9%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency48.8%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.95
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 42, Civil engineering: 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
Line2021202220232024
Operating result€8,326--€12,422-€2,542▲ 79.5%€31,118
Net result€7,041within the sector's middle half--€12,037below the sector's middle half-€2,334below the sector's middle half▲ 80.6%€24,178within the sector's middle half
Equity€17,041below the sector's middle half-€5,004below the sector's middle half▼ 70.6%€2,670below the sector's middle half▼ 46.6%€26,848within the sector's middle half▲ 906%
Total assets€28,497below the sector's middle half-€11,576below the sector's middle half▼ 59.4%€20,367below the sector's middle half▲ 75.9%€55,062within the sector's middle half▲ 170%
Debt€11,456-€6,572▼ 42.6%€17,697▲ 169%€28,214▲ 59.4%
Working capital€15,965within the sector's middle half-€4,213within the sector's middle half▼ 73.6%€2,657within the sector's middle half▼ 36.9%€26,848within the sector's middle half▲ 910%
Solvency59.8%within the sector's middle half-43.2%within the sector's middle half▼ 16.6pp13.1%below the sector's middle half▼ 30.1pp48.8%within the sector's middle half▲ 35.7pp
Current ratio2.46within the sector's middle half-1.65within the sector's middle half▼ 0.821.15within the sector's middle half▼ 0.501.95within the sector's middle half▲ 0.80
Return on assets (ROA)24.7%above the sector's middle half--104.0%below the sector's middle half▼ 128.7pp-11.5%below the sector's middle half▲ 92.5pp43.9%above the sector's middle half▲ 55.4pp
above
within
below
the middle half of NACE 42, Civil engineering: 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
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €55,062
Equity
€26,848 ▲ 906%
Debt
€28,214 ▲ 59.4%
Debt's share of the balance-sheet total falls from 86.9% to 51.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,194▲
2023 · -€1,764
Cash flow
€24,255▲
2023 · -€1,556
Quick ratio
1.56▲
2023 · 1.15
Debt to equity
1.05▼
2023 · 6.63
ROE
90.1%▲
2023 · -87.4%
Interest coverage
17.27▲
2023 · -5.02
Debt ≤ 1 year
€28,214▲
2023 · €17,633
Income taxes
€5,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €702 | €778 | €778 | €76 | ▼ 90.2% |
| Other operating charges640/8 | - | €780 | €516 | €888 | ▲ 72.0% |
| Non-recurring operating charges66A | - | - | - | €86 | - |
| Gross operating margin9900 | €9,027 | -€10,864 | -€1,248 | €32,167 | ▲ 2,679% |
| Operating profit (loss)9901 | €8,326 | -€12,422 | -€2,542 | €31,118 | ▲ 1,324% |
| Financial income75/76B | €521 | €942 | €559 | €2 | ▼ 99.6% |
| Recurring financial income75 | €521 | €942 | €559 | €2 | ▼ 99.6% |
| Financial charges65/66B | €191 | €556 | €352 | €1,807 | ▲ 414% |
| Recurring financial charges65 | €191 | €556 | €352 | €1,807 | ▲ 414% |
| Profit (loss) for the period before taxes9903 | €8,655 | -€12,037 | -€2,334 | €29,313 | ▲ 1,356% |
| Income taxes67/77 | €1,614 | - | - | €5,135 | - |
| Profit (loss) for the period9904 | €7,041 | -€12,037 | -€2,334 | €24,178 | ▲ 1,136% |
| Profit (loss) for the period to be appropriated9905 | €7,041 | -€12,037 | -€2,334 | €24,178 | ▲ 1,136% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €28,497 | €11,576 | €20,367 | €55,062 | ▲ 170% |
| Fixed assets21/28 | €1,633 | €855 | €76 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,633 | €855 | €76 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,633 | €855 | €76 | €0 | ▼ 100% |
| Current assets29/58 | €26,865 | €10,721 | €20,291 | €55,062 | ▲ 171% |
| Stocks and contracts in progress3 | - | - | - | €10,938 | - |
| Contracts in progress37 | - | - | - | €10,938 | - |
| Amounts receivable within one year40/41 | €26,502 | €10,707 | €9,476 | €44,124 | ▲ 366% |
| Trade receivables40 | €9,894 | - | - | €9,697 | - |
| Other amounts receivable41 | €16,608 | €10,707 | €9,476 | €34,427 | ▲ 263% |
| Cash at bank and in hand54/58 | €363 | €14 | €8 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | €10,806 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €28,497 | €11,576 | €20,367 | €55,062 | ▲ 170% |
| Equity10/15 | €17,041 | €5,004 | €2,670 | €26,848 | ▲ 906% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | - | - | €16,845 | - |
| Distributable reserves133 | - | - | - | €16,845 | - |
| Profit (loss) carried forward14 | €7,041 | -€4,996 | -€7,330 | €3 | ▲ 100% |
| Amounts payable17/49 | €11,456 | €6,572 | €17,697 | €28,214 | ▲ 59.4% |
| Amounts payable within one year42/48 | €10,899 | €6,508 | €17,633 | €28,214 | ▲ 60.0% |
| Financial debts43 | - | - | - | €938 | - |
| Credit institutions430/8 | - | - | - | €938 | - |
| Trade debts44 | €2,313 | €2,667 | €13,752 | €7,698 | ▼ 44.0% |
| Suppliers440/4 | €2,313 | €2,667 | €13,752 | €7,698 | ▼ 44.0% |
| Advances received on contracts in progress46 | - | - | - | €6,939 | - |
| Taxes, remuneration and social security45 | €8,586 | €3,841 | €3,882 | €12,488 | ▲ 222% |
| Taxes450/3 | €8,586 | €3,841 | €3,882 | €12,488 | ▲ 222% |
| Other amounts payable47/48 | - | - | - | €150 | - |
| Accrued charges and deferred income492/3 | €557 | €64 | €64 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,041 | -€12,037 | -€2,334 | €24,178 | ▲ 1,136% |
| + Depreciation and write-downs630 | €702 | €778 | €778 | €76 | ▼ 90.2% |
| Operating cash flow (approximation) | €7,743 | -€11,259 | -€1,556 | €24,255 | ▲ 1,659% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€348 | -€7 | -€8 | ▼ 20.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 296 companies in this sector, figures are known for 138. 93 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector