A&E CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for A&E CONSTRUCT according to publications in the Belgian State Gazette; curator: HILDE DE BOEVER.
Summary
Inactive; last annual accounts for fiscal year 2023.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 28 May 2024
- Supervising judge
- Eddy De Grave
- Official Gazette
- 04-06-2024 (pdf) ↗search the document for 2024/122665
Curator
- Hilde De BoeverBrusselsesteenweg 346 C Bus 1, 9090 Mellehdeboever@advocura.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 12-01-2024, 19 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
19 d early
2021
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€78,741▲ 263%
2021 · €21,699
Total assets
€111,173▲ 259%
2021 · €30,981
Net result
€52,217▲ 227%
2021 · €15,992
Working capital
€72,816▲ 246%
2021 · €21,046
Trend over the years
Click a name to add, emphasise or remove a line.
Available amounts per fiscal year
Line20212023
Operating result€20,590-€71,459-
Net result€15,992-€52,217-
Equity€21,699-€78,741-
Total assets€30,981-€111,173-
Debt€9,282-€32,432-
Working capital€21,046-€72,816-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €71,459 in 2023, compared with €20,590 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €111,173
Fixed assets
€5,925 ▲ 807%
Current assets
€105,248 ▲ 247%
Equity and liabilities €111,173
Equity
€78,741 ▲ 263%
Debt
€32,432 ▲ 249%
Debt's share of the balance-sheet total falls from 30.0% to 29.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,932▲
2021 · €20,808
Cash flow
€54,690▲
2021 · €16,210
Current ratio
3.25▼
2021 · 3.27
Debt to equity
0.41
ROE
66.3%▼
2021 · 73.7%
ROA
47.0%▼
2021 · 51.6%
Interest coverage
181.65
Debt ≤ 1 year
€32,432▲
2021 · €9,282
Income taxes
€19,277▲
2021 · €4,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €218 | €2,473 | - |
| Other operating charges640/8 | - | €1,074 | - |
| Gross operating margin9900 | €21,100 | €75,006 | - |
| Operating profit (loss)9901 | €20,590 | €71,459 | - |
| Financial income75/76B | - | €442 | - |
| Recurring financial income75 | €64 | €442 | - |
| Financial charges65/66B | - | €407 | - |
| Recurring financial charges65 | €134 | €407 | - |
| Profit (loss) for the period before taxes9903 | €20,520 | €71,494 | - |
| Income taxes67/77 | €4,528 | €19,277 | - |
| Profit (loss) for the period9904 | €15,992 | €52,217 | - |
| Profit (loss) for the period to be appropriated9905 | €15,992 | €52,217 | - |
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €30,981 | €111,173 | - |
| Fixed assets21/28 | €653 | €5,925 | - |
| Tangible fixed assets22/27 | €653 | €5,925 | - |
| Plant, machinery and equipment23 | - | €3,227 | - |
| Furniture and vehicles24 | - | €2,698 | - |
| Current assets29/58 | €30,328 | €105,248 | - |
| Amounts receivable within one year40/41 | €30,202 | €67,805 | - |
| Trade receivables40 | - | €57,500 | - |
| Other amounts receivable41 | - | €10,305 | - |
| Cash at bank and in hand54/58 | €126 | €37,443 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €30,981 | €111,173 | - |
| Equity10/15 | €21,699 | €78,741 | - |
| Contributions10/11 | €100 | €100 | - |
| Capital10 | - | €100 | - |
| Issued capital100 | - | €100 | - |
| Reserves13 | €10 | €10 | - |
| Non-distributable reserves130/1 | - | €10 | - |
| Legal reserve130 | - | €10 | - |
| Profit (loss) carried forward14 | €21,589 | €78,631 | - |
| Amounts payable17/49 | €9,282 | €32,432 | - |
| Amounts payable within one year42/48 | €9,282 | €32,432 | - |
| Trade debts44 | €2,725 | €13,154 | - |
| Suppliers440/4 | - | €13,154 | - |
| Taxes, remuneration and social security45 | - | €19,278 | - |
| Taxes450/3 | - | €19,278 | - |
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €15,992 | €52,217 | - |
| + Depreciation and write-downs630 | €218 | €2,473 | - |
| Operating cash flow (approximation) | €16,210 | €54,690 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
04-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 28-05-2024
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalNBB filing
0 of 7 acts read
About the unread acts
We know of 7 Belgian State 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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Directors · office · real estate
Directors
7 acts for this company are 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 | HILDE DE BOEVER BRUSSELSESTEENWEG 346 C BUS 1,
9090 MELLE |
28-05-2024 → present |