WAL CONSTRUCT
Open bankruptcyFinancials · financial year 2016, micro format
2016 annual accounts filed late (29 days) Filed on 29 August 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-52900189.
Turnover
€86,150
EBIT margin
-9.5%
Net result
-€4,320
2015 · €1,656
Working capital
€10,519▲ 136%
2015 · €4,461
Trend over the years
2012 to 2016, 5 financial years 2012 to 2016, 5 financial years
The operating result falls in 2016; 2016 is 88% below 2015.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€616
2016
Net result-€4,320
2016
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€47,178
2016
Equity€11,025
2016
Debt€36,153
2016
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€10,519
2016
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Turnover€86,150-
Operating result-€8,146-€39,100-€25,373€5,100€616▼ 87.9%
Net result-€11,089-€26,920-€27,485€1,656-€4,320
EBIT margin-9.5%-
Equity€2,754-€29,674▲ 978%€2,189▼ 92.6%€5,595▲ 156%€11,025▲ 97.0%
Total assets€24,311-€59,892▲ 146%€23,102▼ 61.4%€47,764▲ 107%€47,178▼ 1.2%
Debt€21,557-€30,218▲ 40.2%€20,913▼ 30.8%€42,169▲ 102%€36,153▼ 14.3%
Working capital-€1,697-€23,531-€1,630€4,461€10,519▲ 136%
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €47,178
Fixed assets
€13,615 ▼ 26.2%
Current assets
€33,563 ▲ 14.5%
Equity and liabilities €47,178
Equity
€11,025 ▲ 97.0%
Debt
€36,153 ▼ 14.3%
Debt's share of the balance-sheet total falls from 88.3% to 76.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,242▼
2015 · €10,145
Cash flow
€306▼
2015 · €6,701
Current ratio
1.46▲
2015 · 1.18
Quick ratio
1.30▲
2015 · 0.94
Debt to equity
1.19▼
2015 · 3.10
ROE
-39.2%▼
2015 · 29.6%
ROA
-9.2%▼
2015 · 3.5%
Debt ≤ 1 year
€23,043▼
2015 · €24,850
Debt > 1 year
€13,084▼
2015 · €17,319
Income taxes
€2,918▲
2015 · €924
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €86,150 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,838 | €5,105 | €4,876 | €5,045 | €4,626 | ▼ 8.3% |
| Gross operating margin9900 | €951 | €46,380 | -€18,920 | €12,831 | €7,843 | ▼ 38.9% |
| Operating profit (loss)9901 | -€8,146 | €39,100 | -€25,373 | €5,100 | €616 | ▼ 87.9% |
| Recurring financial income75 | €38 | €197 | €26 | €34 | €55 | ▲ 61.8% |
| Recurring financial charges65 | €2,384 | €2,377 | €2,114 | €2,434 | €2,073 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | -€11,082 | €36,920 | -€27,331 | €2,580 | -€1,402 | - |
| Income taxes67/77 | €7 | €10,000 | €154 | €924 | €2,918 | ▲ 216% |
| Profit (loss) for the period9904 | -€11,089 | €26,920 | -€27,485 | €1,656 | -€4,320 | - |
| Profit (loss) for the period to be appropriated9905 | -€11,089 | €26,920 | -€27,485 | €1,656 | -€4,320 | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,311 | €59,892 | €23,102 | €47,764 | €47,178 | ▼ 1.2% |
| Fixed assets21/28 | €9,447 | €6,143 | €3,844 | €18,453 | €13,615 | ▼ 26.2% |
| Tangible fixed assets22/27 | €9,235 | €5,931 | €3,632 | €18,241 | €13,615 | ▼ 25.4% |
| Financial fixed assets28 | €212 | €212 | €212 | €212 | - | - |
| Current assets29/58 | €14,864 | €53,749 | €19,258 | €29,311 | €33,563 | ▲ 14.5% |
| Stocks and contracts in progress3 | - | - | - | €6,000 | €3,500 | ▼ 41.7% |
| Amounts receivable within one year40/41 | €11,885 | €25,345 | €15,041 | €19,872 | €19,327 | ▼ 2.7% |
| Cash at bank and in hand54/58 | - | €22,242 | €1,380 | €1,354 | €2,270 | ▲ 67.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,311 | €59,892 | €23,102 | €47,764 | €47,178 | ▼ 1.2% |
| Equity10/15 | €2,754 | €29,674 | €2,189 | €5,595 | €11,025 | ▲ 97.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €7,950 | €17,700 | ▲ 123% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€5,306 | €21,614 | -€5,871 | -€4,215 | -€8,535 | ▼ 103% |
| Amounts payable17/49 | €21,557 | €30,218 | €20,913 | €42,169 | €36,153 | ▼ 14.3% |
| Amounts payable after more than one year17 | €4,996 | - | - | €17,319 | €13,084 | ▼ 24.5% |
| Amounts payable within one year42/48 | €16,561 | €30,218 | €20,888 | €24,850 | €23,043 | ▼ 7.3% |
| Trade debts44 | - | €18,343 | €3,539 | €2,736 | €5,962 | ▲ 118% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,089 | €26,920 | -€27,485 | €1,656 | -€4,320 | - |
| + Depreciation and write-downs630 | €6,838 | €5,105 | €4,876 | €5,045 | €4,626 | ▼ 8.3% |
| Operating cash flow (approximation) | -€4,251 | €32,025 | -€22,609 | €6,701 | €306 | ▼ 95.4% |
| Investment in fixed assets (approximation) | - | -€1,801 | -€2,577 | -€19,654 | €212 | - |
| Change in cash | - | - | -€20,862 | -€26 | €915 | - |
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 (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2016 | micro format | 29-08-2017 | 2017-52900189 |
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-47900490 |
| 31-12-2014 | abbreviated format | 20-08-2015 | 2015-43800008 |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-55600132 |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-55700030 |
| 31-12-2011 | abbreviated format | 23-08-2012 | 2012-43200298 |
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Of the 7,206 active companies whose main activity is other building finishing work (NACE 43350), figures are known for 2,366. 1,466 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.