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AEM CONSTRUCTIVE

Open bankruptcy
Private limited companyfounded 2021Rechtstraat 63, 9042 Gent, BelgiumKBO/BCE: BE 0764.662.480

A bankruptcy procedure is open for AEM CONSTRUCTIVE according to publications in the Belgian Official Gazette; trustee: Jan De Poorter.

Summary

The 2023 annual accounts show equity of €113,615 and a net result of €49,092.

AEM CONSTRUCTIVEOpen bankruptcy

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
23 December 2025
Supervising judge
Peter Paelinck
Official Gazette
02-01-2026 (pdf) ↗

Deadlines

Provisional date payments stopped
23 December 2025A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 17 January 2026Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 22 January 2026art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 27 January 2026Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
23 December 2026A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

  • Jan De PoorterLangerbruggestraat 70, 9940 Evergemjan.de.poorter@advocaat.be

What to do now

  1. Stop delivering on credit unless the trustee agrees.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.

These deadlines come from the publication of the judgment. Check them in RegSol before you file anything; once a deadline has passed, it is too late for that step.

File a claim in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€229,420total assets 2023
Equity
€113,615
Profit
€49,092
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
0 of 1 deed read
Signalsraises riskOpen bankruptcyShow the evidence

Signals

1 signal.
raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Ghent, Ghent…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Financials · financial year 2023, micro format

2023 annual accounts filed late (441 days) Filed on 15 October 2025, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2025-00542763.

Equity
€113,615▲ 76.1%
2022 · €64,523
Total assets
€229,420▲ 117%
2022 · €105,584
Net result
€49,092▼ 4.6%
2022 · €51,454
Working capital
€112,168▲ 86.7%
2022 · €60,087
Trend over the years

2021 to 2023, 3 financial years

The operating result falls in 2023; 2023 is 5% below 2022.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€67,267 2023 Net result€49,092 2023

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202120222023
Operating result€16,413-€70,600▲ 330%€67,267▼ 4.7%
Net result€12,070within the sector's middle half-€51,454above the sector's middle half▲ 326%€49,092above the sector's middle half▼ 4.6%
Equity€13,070below the sector's middle half-€64,523within the sector's middle half▲ 394%€113,615above the sector's middle half▲ 76.1%
Total assets€48,303below the sector's middle half-€105,584within the sector's middle half▲ 119%€229,420within the sector's middle half▲ 117%
Debt€35,233-€41,061▲ 16.5%€115,804▲ 182%
Working capital€6,553within the sector's middle half-€60,087within the sector's middle half▲ 817%€112,168above the sector's middle half▲ 86.7%
Solvency27.1%within the sector's middle half-61.1%within the sector's middle half▲ 34.1pp49.5%within the sector's middle half▼ 11.6pp
Current ratio1.19within the sector's middle half-2.46within the sector's middle half▲ 1.281.97within the sector's middle half▼ 0.49
Return on assets (ROA)25.0%above the sector's middle half-48.7%above the sector's middle half▲ 23.7pp21.4%above the sector's middle half▼ 27.3pp
above within below the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €229,420
Fixed assets €1,447 ▼ 67.4%
Current assets €227,972 ▲ 125%
Equity and liabilities €229,420
Equity €113,615 ▲ 76.1%
Debt €115,804 ▲ 182%
Debt's share of the balance-sheet total rises from 38.9% to 50.5%. Equity and debt are higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
€70,256▼
2022 · €73,747
Cash flow
€52,081▼
2022 · €54,601
Debt to equity
1.02▲
2022 · 0.64
ROE
43.2%▼
2022 · 79.7%
Interest coverage
13.92▼
2022 · over 100
Debt ≤ 1 year
€115,804▲
2022 · €41,061
Income taxes
€15,079▼
2022 · €18,943
Staff costs
€70,714▼
2022 · €87,873
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 43 lines
Balance sheet Code20222023
Assets
Total assets20/58€105,584€229,420▲
Fixed assets21/28€4,437€1,447▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€4,437€1,447▼
Plant, machinery and equipment23€712€356▼
Furniture and vehicles24€3,725€1,092▼
Current assets29/58€101,148€227,972▲
Amounts receivable after more than one year29€63,246€165,246▲
Trade receivables290€52,000€165,246▲
Other amounts receivable291€11,246-
Amounts receivable within one year40/41€37,902€62,727▲
Trade receivables40€18,479€51,708▲
Other amounts receivable41€19,424€11,018▼
Equity and liabilities
Total equity and liabilities10/49€105,584€229,420▲
Equity10/15€64,523€113,615▲
Contributions10/11€1,000€1,000=
Reserves13€63,523€112,615▲
Distributable reserves133€63,523€112,615▲
Amounts payable17/49€41,061€115,804▲
Amounts payable within one year42/48€41,061€115,804▲
Current portion of amounts payable after more than one year42€6,018€7,255▲
Trade debts44€5,081€33,885▲
Suppliers440/4€5,081€33,885▲
Taxes, remuneration and social security45€21,017€74,665▲
Taxes450/3€20,986€35,187▲
Remuneration and social security454/9€30€39,478▲
Other amounts payable47/48€8,945-
Income statement Code20222023
Remuneration, social security and pensions62€87,873€70,714▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,148€2,989▼
Other operating charges640/8€116€485▲
Gross operating margin9900€161,737€141,455▼
Operating profit (loss)9901€70,600€67,267▼
Financial income75/76B€521€1,951▲
Recurring financial income75€521€1,951▲
Financial charges65/66B€724€5,047▲
Recurring financial charges65€724€5,047▲
Profit (loss) for the period before taxes9903€70,396€64,171▼
Income taxes67/77€18,943€15,079▼
Profit (loss) for the period9904€51,454€49,092▼
Profit (loss) for the period to be appropriated9905€51,454€49,092▼
Appropriation of the result
Profit (loss) to be appropriated9906€51,454€49,092▼
Transfer to equity691/2€51,454€49,092▼
To other reserves6921€51,454€49,092▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202120222023Change
Goods, raw materials, services and sundry goods60/61€55,493---
Remuneration, social security and pensions62€97,205€87,873€70,714▼ 19.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,416€3,148€2,989▼ 5.0%
Other operating charges640/8€480€116€485▲ 317%
Gross operating margin9900€116,514€161,737€141,455▼ 12.5%
Operating profit (loss)9901€16,413€70,600€67,267▼ 4.7%
Financial income75/76B-€521€1,951▲ 275%
Recurring financial income75-€521€1,951▲ 275%
Financial charges65/66B€1,309€724€5,047▲ 597%
Recurring financial charges65€1,309€724€5,047▲ 597%
Profit (loss) for the period before taxes9903€15,104€70,396€64,171▼ 8.8%
Income taxes67/77€3,034€18,943€15,079▼ 20.4%
Profit (loss) for the period9904€12,070€51,454€49,092▼ 4.6%
Profit (loss) for the period to be appropriated9905€12,070€51,454€49,092▼ 4.6%
Line202120222023Change
Assets
Total assets20/58€48,303€105,584€229,420▲ 117%
Formation expenses20€159---
Fixed assets21/28€6,358€4,437€1,447▼ 67.4%
Intangible fixed assets21-€0--
Tangible fixed assets22/27€6,358€4,437€1,447▼ 67.4%
Plant, machinery and equipment23-€712€356▼ 50.0%
Furniture and vehicles24€6,358€3,725€1,092▼ 70.7%
Current assets29/58€41,786€101,148€227,972▲ 125%
Amounts receivable after more than one year29€11,246€63,246€165,246▲ 161%
Trade receivables290-€52,000€165,246▲ 218%
Other amounts receivable291€11,246€11,246--
Amounts receivable within one year40/41€30,495€37,902€62,727▲ 65.5%
Trade receivables40€13,105€18,479€51,708▲ 180%
Other amounts receivable41€17,390€19,424€11,018▼ 43.3%
Cash at bank and in hand54/58€45---
Equity and liabilities
Total equity and liabilities10/49€48,303€105,584€229,420▲ 117%
Equity10/15€13,070€64,523€113,615▲ 76.1%
Contributions10/11€1,000€1,000€1,000=
Reserves13€12,070€63,523€112,615▲ 77.3%
Distributable reserves133€12,070€63,523€112,615▲ 77.3%
Amounts payable17/49€35,233€41,061€115,804▲ 182%
Amounts payable within one year42/48€35,233€41,061€115,804▲ 182%
Current portion of amounts payable after more than one year42-€6,018€7,255▲ 20.5%
Trade debts44€26,798€5,081€33,885▲ 567%
Suppliers440/4€26,798€5,081€33,885▲ 567%
Taxes, remuneration and social security45€4,435€21,017€74,665▲ 255%
Taxes450/3€4,435€20,986€35,187▲ 67.7%
Remuneration and social security454/9-€30€39,478▲ 129,848%
Other amounts payable47/48€4,000€8,945--
Line202120222023Change
Profit (loss) for the period9904€12,070€51,454€49,092▼ 4.6%
+ Depreciation and write-downs630€2,416€3,148€2,989▼ 5.0%
Operating cash flow (approximation)€14,486€54,601€52,081▼ 4.6%
Investment in fixed assets (approximation)--€1,226€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2023 micro format 15-10-2025 2025-00542763
31-12-2022 micro format 09-09-2025 2025-00486678
31-12-2021 micro format 17-02-2023 2023-00031461

Similar companies · same sector, comparable size

Of the 29,196 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,154. 13,124 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.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Jan De Poorter
Langerbruggestraat 70, 9940 Evergem
23-12-2025 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

AEM CONSTRUCTIVE was incorporated on 4 March 2021 as a private limited company.1 Total assets rose from €48,303 in 2021 to €229,420 in 2023.2 On 23 December 2025 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2021 and 2023
  3. 3Belgian Official Gazette, 02-01-2026

Acts, filings and financial milestones

2026
02-01
Bankruptcy Opening
Enterprise Court of Ghent, Ghent division · judgment of 23-12-2025
2025
15-10
NBB filing Annual accounts filed
financial year 2023 · micro format · 441 days late
09-09
NBB filing Annual accounts filed
financial year 2022 · micro format · 771 days late
2023
31-12
Financial Equity above €100,000equity €113,615 ▲76.1%
A profit in every financial year since 2021 builds equity to €113,615.
17-02
NBB filing Annual accounts filed
financial year 2021 · micro format · 201 days late
2022
31-12
Financial Highest result from 2021 to 2023net €51,454 ▲326%
Operating result €70,600, net result €51,454, both a record.
31-12
Financial Liquidity more than doubledcurrent ratio 2.46
Current ratio from 1.19 to 2.46.
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official 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.

Register details

Identification
Legal formPrivate limited company
Founded04-03-2021
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 17 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
4,403 m²
Building footprint
154 m²
Building volume
573 m³
Parcel 44813A0444/00D000, Flanders · tallest building 6.6 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
AEM CONSTRUCTIVE
Rechtstraat 63, 9042 GentGeneral construction of residential buildings
since 2021unit no. 2.316.688.414
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
44813A0444/00D000 Flanders 4,403 m² 1 · 154 m² 6.6 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.