MF CONSTRUCTION
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2008.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2008 was due by 30-04-2009 and was filed on 27-02-2009, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2008
62 d early
2007
24 d early
2006
57 d early
2005
33 d early
2004
61 d late
2003
19 d late
2002
8 d late
← before the deadline
after the deadline →
Financials · fiscal year 2008, full schema
Turnover
€1.88M
EBIT margin
6.2%
Net result
€82k▼ 8.8%
2007 · €90k
2006: €19k
2007: €90k
2006 → 2008
Working capital
€327k▲ 83.4%
2007 · €179k
2006: €102k
2007: €179k
2006 → 2008
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line200620072008Trend
Turnover€1.88M
Equity€71k-€160k▲ 127%€242k▲ 51.0%
Operating result€61k-€175k▲ 187%€115k▼ 34.0%
Net result€19k-€90k▲ 378%€82k▼ 8.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2008; 2008 is 34% below 2007.
Balance-sheet composition
2008 in colour, 2007 as the grey bar beneath
Assets €852k
Fixed assets
€46k▼ 58.6%
Current assets
€806k▲ 28.9%
Equity and liabilities €852k
Equity
€242k▲ 51.0%
Provisions
€101k▲ 0.1%
Debt
€509k▲ 7.2%
The debt ratio falls from 64.5% to 59.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€126k▼
2007 · €184k
Cash flow
€92k▼
2007 · €99k
Solvency
28.4%▲
2007 · 21.8%
Current ratio
1.68▲
2007 · 1.40
Quick ratio
1.68▲
2007 · 1.40
Debt / equity
0.13▼
2007 · 0.18
ROE
33.8%▼
2007 · 55.9%
ROA
9.6%▼
2007 · 12.2%
Interest coverage
17.28
Debt
€509k▲
2007 · €475k
Debt ≤ 1 year
€479k▲
2007 · €447k
Debt > 1 year
€30k▲
2007 · €28k
Income taxes
€59k▼
2007 · €76k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2008 against 2007
Balance sheet
Code20072008
Assets
Total assets20/58€736k€852k▲
Fixed assets21/28€111k€46k▼
Tangible fixed assets22/27€111k€46k▼
Financial fixed assets28€244€284▲
Current assets29/58€625k€806k▲
Amounts receivable within one year40/41€442k€572k▲
Cash at bank and in hand54/58€177k€216k▲
Equity and liabilities
Total equity and liabilities10/49€736k€852k▲
Equity10/15€160k€242k▲
Contributions10/11€124k€124k=
Reserves13€12k€36k▲
Profit (loss) carried forward14€24k€82k▲
Provisions and deferred taxes16€101k€101k▲
Amounts payable17/49€475k€509k▲
Amounts payable after more than one year17€28k€30k▲
Amounts payable within one year42/48€447k€479k▲
Trade debts44€187k€129k▼
Income statement
Code20072008
Turnover70-€1.88M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Gross operating margin9900€1.70M-
Operating profit (loss)9901€175k€115k▼
Recurring financial income75€201€533▲
Recurring financial charges65€11k€9k▼
Debt charges650-€7k
Profit (loss) for the period before taxes9903€166k€140k▼
Income taxes67/77€76k€59k▼
Profit (loss) for the period9904€90k€82k▼
Profit (loss) for the period to be appropriated9905€90k€82k▼
Timeline · acts, filings and financial milestones
2009
27-04
State Gazette act
General meeting · Merger
Accounting effect · Power of attorney · Eric De Bie
27-02
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
30-09
Financial
Equity above €200kEq €242k ▲51%
3 profitable years in a row build equity to €242k.
07-07
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
31-12
Financial
Highest result since 2006net €90k ▲378%
Operating result €175k, net result €90k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲127%
2 profitable years in a row build equity to €160k.
04-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
28-06
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
30-09
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema · 61 days late
2004
19-08
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema · 19 days late
2003
08-08
NBB filing
Annual accounts filed
fiscal year 2002 · abbreviated schema · 8 days late
2002
06-09
NBB filing
Annual accounts filed
fiscal year 2001 · abbreviated schema · 37 days late
2001
17-07
NBB filing
Annual accounts filed
fiscal year 2000 · abbreviated schema
2000
28-06
NBB filing
Annual accounts filed
fiscal year 1999 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.