A & B CONSTRUCT

Inactive

KBO/BCE: BE 0829.488.273

A & B CONSTRUCT was declared bankrupt on 28-10-2021 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 15-03-2022, published in the Belgian State Gazette on 21-03-2022.

Summary

Inactive; last annual accounts for fiscal year 2017.

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A & B CONSTRUCTInactive

Risk analysis Report Compare

Signals

Three signals. The signal on the left, the evidence on the right.

○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

No filing for years

The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 7 filings

Position against the passed deadline

31-12-2018 close31-07-2019 deadline29-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 10-10-2018, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

Total assets went from EUR 66,429 in 2013 to EUR 64,077 in 2017.¹ On 28 October 2021 A & B CONSTRUCT was declared bankrupt; the bankruptcy was closed on 15 March 2022.²³

Financials · fiscal year 2017, micro schema

Equity

€44,476▲ 0.6%

2016 · €44,228

Total assets

€64,077▲ 8.2%

2016 · €59,236

Net result

€248▼ 98.0%

2016 · €12,514

Working capital

€43,438▲ 1.8%

2016 · €42,673

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20132014201520162017

Operating result€6,745--€3,231€3,826€12,704▲ 232%-€1,277

Net result€2,881--€3,213€3,787€12,514▲ 230%€248▼ 98.0%

Equity€31,140-€27,926▼ 10.3%€31,714▲ 13.6%€44,228▲ 39.5%€44,476▲ 0.6%

Total assets€66,429-€52,125▼ 21.5%€43,479▼ 16.6%€59,236▲ 36.2%€64,077▲ 8.2%

Debt€35,290-€24,199▼ 31.4%€11,766▼ 51.4%€15,007▲ 27.6%€19,601▲ 30.6%

Working capital€24,977-€23,812▼ 4.7%€31,602▲ 32.7%€42,673▲ 35.0%€43,438▲ 1.8%

Staff (FTE)1-0.2▼ 80.0%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2017: a loss of €1,277 after €12,704 in 2016.

Balance-sheet composition

2017 in colour, 2016 as the grey bar beneath

Assets €64,077

98.4%

Fixed assets €1,038 ▼ 45.9%

Current assets €63,039 ▲ 10.0%

Equity and liabilities €64,077

69.4%

30.6%

Equity €44,476 ▲ 0.6%

Debt €19,601 ▲ 30.6%

Debt's share of the balance-sheet total rises from 25.3% to 30.6%. Equity and debt are higher.

Key figures and ratios

2017 value · change against 2016

EBITDA

-€396▼

2016 · €14,322

Cash flow

€1,128▼

2016 · €14,132

Current ratio

3.22▼

2016 · 3.91

Quick ratio

3.09▼

2016 · 3.81

ROE

0.6%▼

2016 · 28.3%

ROA

0.4%▼

2016 · 21.1%

Debt ≤ 1 year

€19,601▲

2016 · €14,644

Income taxes

€660▼

2016 · €4,555

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

Filed annual accounts As filed with the NBB · 2017 against 2016 · 25 lines

Balance sheet Code20162017

Assets

Total assets20/58€59,236€64,077▲

Fixed assets21/28€1,919€1,038▼

Tangible fixed assets22/27€1,529€648▼

Financial fixed assets28€390€390=

Current assets29/58€57,317€63,039▲

Stocks and contracts in progress3€1,500€2,500▲

Amounts receivable within one year40/41€49,096€37,205▼

Cash at bank and in hand54/58€6,516€23,334▲

Equity and liabilities

Total equity and liabilities10/49€59,236€64,077▲

Equity10/15€44,228€44,476▲

Contributions10/11€18,600€18,600=

Reserves13€21,860€21,860=

Profit (loss) carried forward14€3,768€4,016▲

Amounts payable17/49€15,007€19,601▲

Amounts payable within one year42/48€14,644€19,601▲

Trade debts44€7,349€11,820▲

Income statement Code20162017

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,618€881▼

Gross operating margin9900€14,498€2,180▼

Operating profit (loss)9901€12,704-€1,277▼

Recurring financial income75€4,903€2,426▼

Recurring financial charges65€537€242▼

Profit (loss) for the period before taxes9903€17,069€907▼

Income taxes67/77€4,555€660▼

Profit (loss) for the period9904€12,514€248▼

Profit (loss) for the period to be appropriated9905€12,514€248▼

Line	2013	2014	2015	2016	2017	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€2,278	€2,934	€2,468	€1,618	€881	▼ 45.5%
Gross operating margin9900	€51,217	€9,760	€9,077	€14,498	€2,180	▼ 85.0%
Operating profit (loss)9901	€6,745	-€3,231	€3,826	€12,704	-€1,277	▼ 110%
Recurring financial income75	€65	€428	€1,195	€4,903	€2,426	▼ 50.5%
Recurring financial charges65	€484	€279	€490	€537	€242	▼ 54.9%
Profit (loss) for the period before taxes9903	€4,366	-€3,083	€4,531	€17,069	€907	▼ 94.7%
Income taxes67/77	€1,485	€131	€744	€4,555	€660	▼ 85.5%
Profit (loss) for the period9904	€2,881	-€3,213	€3,787	€12,514	€248	▼ 98.0%
Profit (loss) for the period to be appropriated9905	€2,881	-€3,213	€3,787	€12,514	€248	▼ 98.0%

Line	2013	2014	2015	2016	2017	Change
Assets
Total assets20/58	€66,429	€52,125	€43,479	€59,236	€64,077	▲ 8.2%
Fixed assets21/28	€6,163	€5,195	€2,727	€1,919	€1,038	▼ 45.9%
Tangible fixed assets22/27	€5,773	€4,805	€2,337	€1,529	€648	▼ 57.6%
Financial fixed assets28	€390	€390	€390	€390	€390	=
Current assets29/58	€60,266	€46,931	€40,753	€57,317	€63,039	▲ 10.0%
Stocks and contracts in progress3	€5,000	€1,725	€1,600	€1,500	€2,500	▲ 66.7%
Amounts receivable within one year40/41	€37,672	€42,760	€30,464	€49,096	€37,205	▼ 24.2%
Cash at bank and in hand54/58	€15,146	€2,445	€8,689	€6,516	€23,334	▲ 258%
Equity and liabilities
Total equity and liabilities10/49	€66,429	€52,125	€43,479	€59,236	€64,077	▲ 8.2%
Equity10/15	€31,140	€27,926	€31,714	€44,228	€44,476	▲ 0.6%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	=
Reserves13	€11,860	€9,326	€11,860	€21,860	€21,860	=
Profit (loss) carried forward14	€680	€7,799	€1,254	€3,768	€4,016	▲ 6.6%
Amounts payable17/49	€35,290	€24,199	€11,766	€15,007	€19,601	▲ 30.6%
Amounts payable within one year42/48	€35,290	€23,119	€9,151	€14,644	€19,601	▲ 33.9%
Trade debts44	€29,936	€17,374	€7,229	€7,349	€11,820	▲ 60.8%

Line	2013	2014	2015	2016	2017	Change
Profit (loss) for the period9904	€2,881	-€3,213	€3,787	€12,514	€248	▼ 98.0%
+ Depreciation and write-downs630	€2,278	€2,934	€2,468	€1,618	€881	▼ 45.5%
Operating cash flow (approximation)	€5,159	-€280	€6,255	€14,132	€1,128	▼ 92.0%
Investment in fixed assets (approximation)	-	-€1,965	€0	-€810	€0	▲ 100%
Change in cash	-	-€12,701	€6,244	-€2,173	€16,819	▲ 874%

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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Timeline · acts, filings and financial milestones

All 13Signals 2Financial 4Filings 7

2022

21-03

Bankruptcy Bankruptcy closure (insufficient assets)

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-03-2022

2021

10-11

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 28-10-2021

2018

10-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 71 days late

2017

30-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 61 days late

2016

31-12

Financial Highest result since 2013net €12,514 ▲230%

Operating result €12,704, net result €12,514, both a record.

29-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 90 days late

2015

31-12

Financial Back to profitnet €3,787

Net result €3,787 after one loss-making year.

31-12

Financial Liquidity doublescurrent ratio 4.45

Current ratio from 2.03 to 4.45; short-term debt falls from €23,119 to €9,151.

30-09

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 61 days late

2014

31-12

Financial Weakest financial yearnet -€3,213

Net result drops to -€3,213, the lowest in the series.

28-11

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 120 days late

2013

30-09

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema · 61 days late

2012

26-07

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	PIETER MATTHEESSENS LANGE LOZANASTRAAT 24, 2018 ANTWERPEN 1	28-10-2021 → 15-03-2022