UDEX CONSTRUCT
InactiveOverview
Activity
Activity not known
Size
€142,444total assets 2020
- Equity
- €20,448
- Loss
- -€1,694
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
0 of 4 deeds read
SignalsneutralPrior bankruptcyNo filing for yearsFiled after the deadlineShow the evidence
Signals
Three signals.
neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 year end31-07-2022 deadline23-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-09-2021, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2022
not filed
2021
not filed
2020
61 days late
2019
55 days late
2018
26 days late
2017
57 days late
2016
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 46 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Searched, nothing found (1)
- Bankruptcy closure (insufficient assets)Enterprise Court of Leuven ·…
- OpeningEnterprise Court of Leuven ·…
- Annual accounts filedfinancial year 2020 · micro…
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
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.
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
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€142,444
2020
Equity€20,448
2020
Debt€121,996
2020
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1,098
2020
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin12.5%
2019
Use the arrow keys on the chart for the figures per year.
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
Fixed assets
€112,417 ▲ 4.6%
Current assets
€30,028 ▼ 32.0%
Equity and liabilities €142,444
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
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
| 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.
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 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Ellie Verhaegen Parijsstraat 62, 3000 Leuven |
07-03-2024 → 12-09-2024 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2024
17-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Enterprise Court of Leuven · judgment of 12-09-2024
13-03
Bankruptcy
Opening
Enterprise Court of Leuven · judgment of 07-03-2024
2021
30-09
NBB filing
Annual accounts filed
financial year 2020 · micro format · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€1,694
Net result drops to -€1,694, the lowest in the series.
24-09
NBB filing
Annual accounts filed
financial year 2019 · micro format · 55 days late
2019
26-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 26 days late
2018
26-09
NBB filing
Annual accounts filed
financial year 2017 · micro format · 57 days late
2017
31-08
NBB filing
Annual accounts filed
financial year 2016 · micro format · 31 days late
2016
29-09
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 60 days late
2015
15-06
NBB filing
Annual accounts filed
financial year 2014 · full format
2014
05-06
NBB filing
Annual accounts filed
financial year 2013 · full format
2013
19-08
NBB filing
Annual accounts filed
financial year 2012 · full format · 19 days late
2012
15-06
NBB filing
Annual accounts filed
financial year 2011 · full format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
0 of 4 deeds read
About the unread acts
We know of 4 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.