Urban Projects Construct
Open bankruptcyFinancials · financial year 2017, micro format
2017 annual accounts filed late (58 days) Filed on 27 September 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-64900318.
Turnover
≈ €130,000
Estimated: probably between €68,000 and €240,000
Total assets
€315,761▲ 63.5%
2016 · €193,120
Net result
€1,055▼ 15.9%
2016 · €1,255
Working capital
€77,147▼ 5.7%
2016 · €81,771
Trend over the years
2014 to 2017, 4 financial years
The operating result falls in 2017; 2017 is 18% below 2016.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€7,698
2017
Net result€1,055
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€315,761
2017
Equity€84,202
2017
Debt€231,560
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€77,147
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2014201520162017
Operating result€328-€3,205▲ 878%€9,423▲ 194%€7,698▼ 18.3%
Net result-€664-€556€1,255▲ 126%€1,055▼ 15.9%
Equity€9,336-€9,892▲ 6.0%€83,147▲ 741%€84,202▲ 1.3%
Total assets€99,276-€123,756▲ 24.7%€193,120▲ 56.0%€315,761▲ 63.5%
Debt€89,939-€113,864▲ 26.6%€109,973▼ 3.4%€231,560▲ 111%
Working capital€11,281-€7,718▼ 31.6%€81,771▲ 960%€77,147▼ 5.7%
Staff (FTE)0.8-
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €315,761
Fixed assets
€7,055 ▲ 413%
Current assets
€308,707 ▲ 61.0%
Equity and liabilities €315,761
Equity
€84,202 ▲ 1.3%
Debt
€231,560 ▲ 111%
Debt's share of the balance-sheet total rises from 56.9% to 73.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,241▼
2016 · €10,222
Cash flow
€1,598▼
2016 · €2,053
Current ratio
1.33▼
2016 · 1.74
ROE
1.3%▼
2016 · 1.5%
ROA
0.3%▼
2016 · 0.6%
Debt ≤ 1 year
€231,560▲
2016 · €109,973
Income taxes
€672
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €798 | €798 | €798 | €543 | ▼ 32.0% |
| Gross operating margin9900 | €25,135 | €21,922 | €10,930 | €10,780 | ▼ 1.4% |
| Operating profit (loss)9901 | €328 | €3,205 | €9,423 | €7,698 | ▼ 18.3% |
| Recurring financial income75 | €181 | €827 | €1,130 | €51 | ▼ 95.5% |
| Recurring financial charges65 | €1,172 | €3,475 | €9,299 | €6,022 | ▼ 35.2% |
| Profit (loss) for the period before taxes9903 | -€664 | €556 | €1,255 | €1,727 | ▲ 37.7% |
| Income taxes67/77 | - | - | - | €672 | - |
| Profit (loss) for the period9904 | -€664 | €556 | €1,255 | €1,055 | ▼ 15.9% |
| Profit (loss) for the period to be appropriated9905 | -€664 | €556 | €1,255 | €1,055 | ▼ 15.9% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €99,276 | €123,756 | €193,120 | €315,761 | ▲ 63.5% |
| Fixed assets21/28 | €2,973 | €2,175 | €1,376 | €7,055 | ▲ 413% |
| Tangible fixed assets22/27 | €2,563 | €1,765 | €966 | €423 | ▼ 56.2% |
| Financial fixed assets28 | €410 | €410 | €410 | €6,632 | ▲ 16× |
| Current assets29/58 | €96,302 | €121,581 | €191,743 | €308,707 | ▲ 61.0% |
| Amounts receivable within one year40/41 | €85,702 | €93,236 | €160,277 | €270,474 | ▲ 68.8% |
| Cash at bank and in hand54/58 | €10,452 | €8 | €91 | €1,835 | ▲ 20× |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €99,276 | €123,756 | €193,120 | €315,761 | ▲ 63.5% |
| Equity10/15 | €9,336 | €9,892 | €83,147 | €84,202 | ▲ 1.3% |
| Contributions10/11 | €10,000 | €10,000 | €82,000 | €82,000 | = |
| Reserves13 | - | - | €1,147 | €2,202 | ▲ 92.0% |
| Profit (loss) carried forward14 | -€664 | -€108 | - | - | - |
| Amounts payable17/49 | €89,939 | €113,864 | €109,973 | €231,560 | ▲ 111% |
| Amounts payable within one year42/48 | €85,021 | €113,864 | €109,973 | €231,560 | ▲ 111% |
| Trade debts44 | €27,533 | €29,982 | €79,015 | €147,683 | ▲ 86.9% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€664 | €556 | €1,255 | €1,055 | ▼ 15.9% |
| + Depreciation and write-downs630 | €798 | €798 | €798 | €543 | ▼ 32.0% |
| Operating cash flow (approximation) | €135 | €1,355 | €2,053 | €1,598 | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€6,222 | - |
| Change in cash | - | -€10,444 | €83 | €1,745 | ▲ 21× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2017 | micro format | 27-09-2018 | 2018-64900318 |
| 31-12-2016 | micro format | 02-08-2017 | 2017-39700059 |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-62500399 |
| 31-12-2014 | abbreviated format | 19-06-2015 | 2015-18500350 |
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Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,389. 13,435 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.