ST Constructions

Open bankruptcy

Private limited company (pre-2019)founded 2004Chaussée de Bruxelles 271, 6040 Charleroi, Belgium10 active companies are registered at this addressKBO/BCE: BE 0865.674.520

A bankruptcy procedure is open for ST Constructions according to publications in the Belgian Official Gazette; trustee: L’Hoir Thierry.

Summary

The 2013 annual accounts show equity of €42,626 and a net result of €320.

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ST ConstructionsOpen bankruptcy

Report

Financials · financial year 2013, full format

Turnover

€957,418▼ 11.7%

2012 · €1.1m

EBIT margin

-0.9%▼ 0.8pp

2012 · -0.1%

Net result

€320

2012 · -€6,852

Working capital

€33,841▲ 6.1%

2012 · €31,897

Trend over the years

Last 5 years All years

2009 to 2013, 5 financial years 2009 to 2013, 5 financial years

The operating result stays negative: a loss of €8,512 in 2013 against €1,306 in 2012; the loss grows and 2013 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.

Turnover€1.0m 2013 Operating result-€0.009m 2013 Net result€320 2013

Every figure with its change against the financial year before

favourable unfavourable

Line20092010201120122013

Turnover€0.5m-€0.6m▲ 14.3%€0.8m▲ 29.8%€1.1m▲ 41.5%€1.0m▼ 11.7%

Operating result€0.02m-€0.03m▲ 63.4%€0.03m▼ 5.0%-€0.001m-€0.009m▼ 552%

Net result€0.008m-€0.01m▲ 60.3%€0.006m▼ 51.0%-€0.007m€320

EBIT margin3.3%-4.7%▲ 1.4pp3.4%▼ 1.3pp-0.1%▼ 3.5pp-0.9%▼ 0.8pp

Equity€0.03m-€0.04m▲ 40.7%€0.05m▲ 14.2%€0.04m▼ 13.9%€0.04m▲ 0.8%

Total assets€0.08m-€0.09m▲ 4.0%€0.2m▲ 84.4%€0.3m▲ 94.5%€0.2m▼ 19.6%

Debt€0.05m-€0.04m▼ 17.5%€0.1m▲ 154%€0.3m▲ 143%€0.2m▼ 22.8%

Working capital€0.02m-€0.03m▲ 80.0%€0.04m▲ 29.7%€0.03m▼ 24.4%€0.03m▲ 6.1%

Staff (FTE)6.8-7.4▲ 8.8%8.6▲ 16.2%11.3▲ 31.4%10▼ 11.5%

Balance-sheet composition

2013 in colour, 2012 as the grey bar beneath

Assets €248,856

93.7%

Fixed assets €15,581 ▼ 38.6%

Current assets €233,275 ▼ 17.9%

Equity and liabilities €248,856

17.1%

82.9%

Equity €42,626 ▲ 0.8%

Debt €206,229 ▼ 22.8%

Debt's share of the balance-sheet total falls from 86.3% to 82.9%. Equity is higher and debt is lower.

Key figures and ratios

2013 value · change against 2012

EBITDA

€2,216▼

2012 · €14,312

Cash flow

€11,047▲

2012 · €8,766

Current ratio

1.17▲

2012 · 1.13

Debt to equity

0.16▼

2012 · 0.35

ROE

0.8%▲

2012 · -16.2%

ROA

0.1%▲

2012 · -2.2%

Debt ≤ 1 year

€199,434▼

2012 · €252,150

Debt > 1 year

€6,796▼

2012 · €14,963

Income taxes

-€4,779▼

2012 · €3,703

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2013 against 2012 · 26 lines

Balance sheet Code20122013

Assets

Total assets20/58€0.3m€0.2m▼

Fixed assets21/28€0.03m€0.02m▼

Tangible fixed assets22/27€0.03m€0.02m▼

Current assets29/58€0.3m€0.2m▼

Stocks and contracts in progress3€0.08m€0.02m▼

Amounts receivable within one year40/41€0.2m€0.2m▲

Cash at bank and in hand54/58€0.02m€0.01m▼

Equity and liabilities

Total equity and liabilities10/49€0.3m€0.2m▼

Equity10/15€0.04m€0.04m▲

Contributions10/11€0.02m€0.02m=

Reserves13€0.03m€0.03m=

Profit (loss) carried forward14-€0.005m-€0.005m▲

Amounts payable17/49€0.3m€0.2m▼

Amounts payable after more than one year17€0.01m€0.007m▼

Amounts payable within one year42/48€0.3m€0.2m▼

Trade debts44€0.1m€0.1m▼

Income statement Code20122013

Turnover70€1.1m€1.0m▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.01m▼

Gross operating margin9900€0.4m€0.4m▼

Operating profit (loss)9901-€0.001m-€0.009m▼

Recurring financial income75€80€174▲

Recurring financial charges65€0.005m€0.01m▲

Profit (loss) for the period before taxes9903-€0.003m-€0.004m▼

Income taxes67/77€0.004m-€0.005m▼

Profit (loss) for the period9904-€0.007m€320▲

Profit (loss) for the period to be appropriated9905-€0.007m€320▲

Line	2009	2010	2011	2012	2013	Change
Turnover70	€0.5m	€0.6m	€0.8m	€1.1m	€1.0m	▼ 11.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.01m	€0.006m	€0.006m	€0.02m	€0.01m	▼ 31.3%
Gross operating margin9900	€0.2m	€0.2m	€0.3m	€0.4m	€0.4m	▼ 9.8%
Operating profit (loss)9901	€0.02m	€0.03m	€0.03m	-€0.001m	-€0.009m	▼ 552%
Recurring financial income75	-	€6	€85	€80	€174	▲ 118%
Recurring financial charges65	€0.003m	€0.004m	€0.002m	€0.005m	€0.01m	▲ 139%
Profit (loss) for the period before taxes9903	€0.01m	€0.02m	€0.02m	-€0.003m	-€0.004m	▼ 41.6%
Income taxes67/77	€0.006m	€0.01m	€0.02m	€0.004m	-€0.005m	-
Profit (loss) for the period9904	€0.008m	€0.01m	€0.006m	-€0.007m	€320	-
Profit (loss) for the period to be appropriated9905	€0.008m	€0.01m	€0.006m	-€0.007m	€320	-

Line	2009	2010	2011	2012	2013	Change
Assets
Total assets20/58	€83,012	€86,299	€159,118	€309,420	€248,856	▼ 19.6%
Fixed assets21/28	€15,201	€10,531	€6,992	€25,372	€15,581	▼ 38.6%
Tangible fixed assets22/27	€15,201	€10,531	€6,992	€25,372	€15,581	▼ 38.6%
Current assets29/58	€67,811	€75,768	€152,126	€284,048	€233,275	▼ 17.9%
Stocks and contracts in progress3	-	-	€15,000	€80,000	€15,000	▼ 81.3%
Amounts receivable within one year40/41	€60,126	€64,010	€95,963	€179,380	€203,936	▲ 13.7%
Cash at bank and in hand54/58	€6,191	€9,988	€39,352	€24,668	€14,339	▼ 41.9%
Equity and liabilities
Total equity and liabilities10/49	€83,012	€86,299	€159,118	€309,420	€248,856	▼ 19.6%
Equity10/15	€30,592	€43,049	€49,158	€42,306	€42,626	▲ 0.8%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	=
Reserves13	€11,600	€23,222	€28,528	€28,528	€28,528	=
Profit (loss) carried forward14	€392	€1,227	€2,030	-€4,822	-€4,502	▲ 6.6%
Amounts payable17/49	€52,420	€43,250	€109,960	€267,114	€206,229	▼ 22.8%
Amounts payable after more than one year17	€2,680	-	-	€14,963	€6,796	▼ 54.6%
Amounts payable within one year42/48	€49,740	€43,250	€109,960	€252,150	€199,434	▼ 20.9%
Trade debts44	€25,154	€30,088	€94,530	€142,820	€115,024	▼ 19.5%

Line	2009	2010	2011	2012	2013	Change
Profit (loss) for the period9904	€7,773	€12,457	€6,109	-€6,852	€320	-
+ Depreciation and write-downs630	€13,871	€6,033	€6,127	€15,618	€10,727	▼ 31.3%
Operating cash flow (approximation)	€21,644	€18,490	€12,236	€8,766	€11,047	▲ 26.0%
Investment in fixed assets (approximation)	-	-€1,362	-€2,588	-€33,998	-€936	▲ 97.2%
Change in cash	-	€3,797	€29,364	-€14,684	-€10,329	▲ 29.7%

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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Filings with the National Bank (10)

Financial year	Type	Filed	Reference
31-12-2013	full format	25-06-2014	2014-22200240
31-12-2012	full format	29-06-2013	2013-26000285
31-12-2011	full format	09-06-2012	2012-16400256
31-12-2010	full format	17-05-2011	2011-11600126
31-12-2009	full format	15-06-2010	2010-18100437
31-12-2008	full format	10-07-2009	2009-40000281
31-12-2007	full format	04-07-2008	2008-36400115
31-12-2006	full format	13-06-2007	2007-21600392
31-12-2005	full format	13-07-2006	2006-46502895
31-12-2004	full format	05-07-2005	2005-42502813

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.