UDEX CONSTRUCT

Inactive

KBO/BCE: BE 0819.543.496

UDEX CONSTRUCT was declared bankrupt on 07-03-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 12-09-2024, published in the Belgian Official Gazette on 17-09-2024.

Summary

Inactive; last annual accounts for financial year 2020.

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UDEX CONSTRUCTInactive

Report

Financials · financial year 2020, micro format

2020 annual accounts filed late (61 days) Filed on 30 September 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-71100040.

Turnover

€191,331▼ 8.3%

2018 · €208,688

EBIT margin

12.5%▲ 2.7pp

2018 · 9.8%

Net result

-€1,694▼ 216%

2019 · -€536

Working capital

-€1,098▲ 57.4%

2019 · -€2,576

Trend over the years

Last 5 years All years

2018 to 2020, 3 financial years 2018 to 2020, 3 financial years

The operating result falls in 2020; 2020 is 21% below 2019 and is the lowest result in the available series.

Turnover and resultEquity and debtWorking capitalMargins and return

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€191,331 2019 Operating result€18,933 2020 Net result-€1,694 2020

Every figure with its change against the financial year before

favourable unfavourable

Line201820192020

Turnover€208,688-€191,331▼ 8.3%

Operating result€20,509-€23,951▲ 16.8%€18,933▼ 21.0%

Net result€8,299--€536-€1,694▼ 216%

EBIT margin9.8%-12.5%▲ 2.7pp

Equity€22,679-€22,143▼ 2.4%€20,448▼ 7.7%

Total assets€145,624-€151,564▲ 4.1%€142,444▼ 6.0%

Debt€122,946-€129,421▲ 5.3%€121,996▼ 5.7%

Working capital-€957--€2,576▼ 169%-€1,098▲ 57.4%

Balance-sheet composition

2020 in colour, 2019 as the grey bar beneath

Assets €142,444

78.9%

21.1%

Fixed assets €112,417 ▲ 4.6%

Current assets €30,028 ▼ 32.0%

Equity and liabilities €142,444

14.4%

85.6%

Equity €20,448 ▼ 7.7%

Debt €121,996 ▼ 5.7%

Debt's share of the balance-sheet total rises from 85.4% to 85.6%. Equity and debt are lower.

Key figures and ratios

2020 value · change against 2019

EBITDA

€25,199▼

2019 · €34,567

Cash flow

€4,572▼

2019 · €10,081

Current ratio

0.96▲

2019 · 0.94

Debt to equity

4.32▲

2019 · 3.70

ROE

-8.3%▼

2019 · -2.4%

ROA

-1.2%▼

2019 · -0.4%

Debt ≤ 1 year

€31,126▼

2019 · €46,706

Debt > 1 year

€88,363▲

2019 · €81,905

Income taxes

€17,282▼

2019 · €20,668

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 · 2020 against 2019 · 26 lines

Balance sheet Code20192020

Assets

Total assets20/58€151,564€142,444▼

Fixed assets21/28€107,433€112,417▲

Tangible fixed assets22/27€107,433€112,417▲

Current assets29/58€44,130€30,028▼

Stocks and contracts in progress3€5,675€8,194▲

Amounts receivable within one year40/41€32,775€21,605▼

Cash at bank and in hand54/58€5,680€229▼

Equity and liabilities

Total equity and liabilities10/49€151,564€142,444▼

Equity10/15€22,143€20,448▼

Contributions10/11€6,200€6,200=

Reserves13€3,452€3,452=

Profit (loss) carried forward14€12,491€10,796▼

Amounts payable17/49€129,421€121,996▼

Amounts payable after more than one year17€81,905€88,363▲

Amounts payable within one year42/48€46,706€31,126▼

Trade debts44€11,698€7,548▼

Income statement Code20192020

Turnover70€191,331-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,617€6,267▼

Gross operating margin9900€37,103€26,729▼

Operating profit (loss)9901€23,951€18,933▼

Recurring financial income75€103€2▼

Recurring financial charges65€3,923€3,347▼

Profit (loss) for the period before taxes9903€20,131€15,588▼

Income taxes67/77€20,668€17,282▼

Profit (loss) for the period9904-€536-€1,694▼

Profit (loss) for the period to be appropriated9905-€536-€1,694▼

Line	2018	2019	2020	Change
Turnover70	€208,688	€191,331	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€10,533	€10,617	€6,267	▼ 41.0%
Gross operating margin9900	€32,897	€37,103	€26,729	▼ 28.0%
Operating profit (loss)9901	€20,509	€23,951	€18,933	▼ 21.0%
Recurring financial income75	€832	€103	€2	▼ 98.2%
Recurring financial charges65	€2,770	€3,923	€3,347	▼ 14.7%
Profit (loss) for the period before taxes9903	€18,571	€20,131	€15,588	▼ 22.6%
Income taxes67/77	€10,272	€20,668	€17,282	▼ 16.4%
Profit (loss) for the period9904	€8,299	-€536	-€1,694	▼ 216%
Profit (loss) for the period to be appropriated9905	€8,299	-€536	-€1,694	▼ 216%

Line	2018	2019	2020	Change
Assets
Total assets20/58	€145,624	€151,564	€142,444	▼ 6.0%
Fixed assets21/28	€113,800	€107,433	€112,417	▲ 4.6%
Tangible fixed assets22/27	€113,800	€107,433	€112,417	▲ 4.6%
Current assets29/58	€31,824	€44,130	€30,028	▼ 32.0%
Stocks and contracts in progress3	€8,037	€5,675	€8,194	▲ 44.4%
Amounts receivable within one year40/41	€10,054	€32,775	€21,605	▼ 34.1%
Cash at bank and in hand54/58	€4,605	€5,680	€229	▼ 96.0%
Equity and liabilities
Total equity and liabilities10/49	€145,624	€151,564	€142,444	▼ 6.0%
Equity10/15	€22,679	€22,143	€20,448	▼ 7.7%
Contributions10/11	€6,200	€6,200	€6,200	=
Reserves13	€2,903	€3,452	€3,452	=
Profit (loss) carried forward14	€13,575	€12,491	€10,796	▼ 13.6%
Amounts payable17/49	€122,946	€129,421	€121,996	▼ 5.7%
Amounts payable after more than one year17	€88,718	€81,905	€88,363	▲ 7.9%
Amounts payable within one year42/48	€32,782	€46,706	€31,126	▼ 33.4%
Trade debts44	€12,822	€11,698	€7,548	▼ 35.5%

Line	2018	2019	2020	Change
Profit (loss) for the period9904	€8,299	-€536	-€1,694	▼ 216%
+ Depreciation and write-downs630	€10,533	€10,617	€6,267	▼ 41.0%
Operating cash flow (approximation)	€18,832	€10,081	€4,572	▼ 54.6%
Investment in fixed assets (approximation)	-	-€4,250	-€11,250	▼ 165%
Change in cash	-	€1,075	-€5,451	-

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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Latest 10 of 11 filings with the National Bank

Financial year	Type	Filed	Reference
31-12-2020	micro format	30-09-2021	2021-71100040
31-12-2019	micro format	24-09-2020	2020-55300230
31-12-2018	micro format	26-08-2019	2019-55700187
31-12-2017	micro format	26-09-2018	2018-65100529
31-12-2016	micro format	31-08-2017	2017-54400424
31-12-2015	abbreviated format	29-09-2016	2016-62400289
31-12-2014	full format	15-06-2015	2015-19000601
31-12-2013	full format	05-06-2014	2014-16300049
31-12-2012	full format	19-08-2013	2013-45500441
31-12-2011	full format	15-06-2012	2012-19500107

Show all 11 filings

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