Debts
€70,286 107% of the balance sheet
Suppliers 79%Taxes and wages 0%Other 21%
Of this, €70,273 falls due within a year.
AFC CONSTRUCT
Overview
Lifetime
6 annual accounts with figures on one time axispeak €82,226 (2021)
€82,226▲ 32.0%
lowest -€45,385 (2019)
€30,950▲ 53×
peak €9,058 (2018)
-€4,790▲ €30,950
€70,286▼ 37.8%
peak 2.3 FTE (2019)
1 FTE▼ 33.3%
Board1 name since 2015
1 directorARGENTO FINOL Carmelo
Documentsfilings and deeds
08-08-20228 days late
2021financial year
Plan homologation 08-03Gross margin from €62,273 to €82,226Result from €588 to €30,950Staff from 1.5 FTE to 1 FTEEquity from -€35,739 to -€4,790Debts from €112,920 to €70,286
Key points
from the 2021 annual accounts, the last ones filedFilings
6 annual accounts 6 late
The 2020 accounts came latest: 59 days after the end of the period.
Final months
993 days from reorganisation to bankruptcy
No score
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Liège, Liège division · judgment of 04-02-2025 · Bankruptcy
Supervising judge replaced
Enterprise Court of Liège, Liège division · judgment of 04-12-2023 · Bankruptcy
Bankruptcy published
Enterprise Court of Liège, Liège division · judgment of 21-11-2022 · Bankruptcy
Plan homologation
Enterprise Court of Liège · judgment of 02-03-2021 · Judicial reorganisation
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 15-04-2015 · bankruptcy closed on 04-02-2025
- Activity
- No activity registered in the KBO
- Joint committee
- 124Construction · annual accounts 2021
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2021
- €82,226▲ 32.0%
- ≈ €230,000estimated
- €30,950▲ 53×
- -€4,790▲ 86.6%
- €65,497▼ 15.1%
- Employeeson 31-12-2021
- 1
- Filing
- Filed on 08-08-2022
Insights on AFC CONSTRUCT
Equity fell from €9,058 in 2018 to -€4,790 in 2021.
On 3 March 2020 the court opened a judicial reorganisation. 993 days later came the bankruptcy.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
full format, filed on 08-08-2022, 8 days late€82,226
▲ 32.0%
€33,984
▲ 14×
€30,950
▲ 53×
-€22,564
▲ €28,110
-7.3%
▲ 39.0 percentage points
0.68
▲ 0.16
The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €140,000 and €440,000.
Balance sheet
balance sheet total €65,497 on 31-12-2021What the company ownsHow it is paid for
in euro
in euro
Staff
€39,906
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
65,497 | 77,180 | 89,585 | 124,063 | 94,680 | 111,194 | |
21/28 |
17,787 | 22,741 | 29,488 | 35,208 | 54,543 | 65,049 | |
21 |
16,250 | 21,250 | 26,250 | 31,250 | 36,250 | 41,250 | |
22/27 |
1,537 | 1,491 | 3,238 | 3,958 | 18,293 | 23,799 | |
23 |
1,537 | 1,160 | 2,577 | 2,966 | 1,757 | 1,745 | |
24 |
- | 331 | 661 | 992 | 1,322 | - | |
29/58 |
47,710 | 54,440 | 60,098 | 88,855 | 40,137 | 46,145 | |
3 |
20,900 | 4,525 | - | - | - | - | |
30/36 |
3,400 | 4,525 | - | - | - | - | |
37 |
17,500 | - | - | - | - | - | |
40/41 |
13,231 | 25,501 | 41,442 | 88,738 | 39,004 | 46,028 | |
40 |
9,367 | 21,659 | 15,909 | 76,812 | 23,960 | 37,933 | |
41 |
3,864 | 3,842 | 25,533 | 11,926 | 15,045 | 8,095 | |
54/58 |
13,579 | 24,414 | 18,656 | 117 | 557 | 117 | |
490/1 |
- | - | - | - | 576 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
65,497 | 77,180 | 89,585 | 124,063 | 94,680 | 111,194 | |
10/15 |
-4,790 | -35,739 | -36,327 | 9,058 | 5,811 | 5,105 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
6,200 | - | - | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
36,368 | 143 | 143 | 143 | - | - | |
130/1 |
143 | 143 | - | - | - | - | |
130 |
143 | 143 | 143 | 143 | - | - | |
132 |
36,226 | - | - | - | - | - | |
14 |
-47,358 | -42,082 | -42,670 | 2,715 | -389 | -1,095 | |
16 |
- | - | - | 10,000 | 10,000 | 10,000 | |
160/5 |
- | - | - | 10,000 | 10,000 | 10,000 | |
163 |
- | - | - | 10,000 | 10,000 | - | |
164/5 |
- | - | - | - | - | 10,000 | |
17/49 |
70,286 | 112,920 | 125,913 | 105,005 | 78,868 | 96,090 | |
17 |
- | 7,807 | 13,944 | - | 3,675 | 10,058 | |
170/4 |
- | 7,807 | 13,944 | - | 3,675 | 10,058 | |
42/48 |
70,273 | 105,113 | 111,969 | 105,005 | 74,742 | 85,954 | |
42 |
9,387 | 6,137 | 5,667 | - | 6,383 | 7,171 | |
43 |
- | - | 152 | 23,830 | - | 6,030 | |
430/8 |
- | - | 152 | 23,830 | - | 6,030 | |
44 |
55,282 | 89,209 | 91,557 | 73,746 | 63,257 | 49,318 | |
440/4 |
55,282 | 89,209 | 91,557 | 73,746 | 63,257 | 49,318 | |
45 |
216 | 4,606 | 5,092 | 7,429 | 5,102 | 5,858 | |
450/3 |
9 | 1,733 | 3,296 | 3,282 | 3,562 | 2,089 | |
454/9 |
206 | 2,873 | 1,797 | 4,147 | 1,540 | 3,770 | |
47/48 |
5,389 | 5,161 | 9,500 | - | - | 17,577 | |
492/3 |
13 | - | - | - | 452 | 78 | |
| Income statement | |||||||
76A |
37,135 | 3,339 | - | - | - | - | |
9900 |
82,226 | 62,273 | 50,733 | 80,887 | 37,305 | 47,052 | |
62 |
39,906 | 51,778 | 76,123 | 60,407 | 17,212 | 1,398 | |
630 |
6,017 | 6,747 | 6,762 | 6,777 | 13,360 | 25,051 | |
631/4 |
- | - | 1,744 | - | - | - | |
635/8 |
- | - | -10,000 | - | - | 10,000 | |
640/8 |
815 | 1,360 | 2,031 | 3,392 | 1,247 | 4,693 | |
66A |
1,505 | - | 15,000 | - | - | 596 | |
9901 |
33,984 | 2,388 | -40,928 | 10,311 | 5,486 | 5,314 | |
75/76B |
1 | 0 | 5 | 50 | 10 | 10 | |
75 |
1 | 0 | 5 | 50 | 10 | 10 | |
65/66B |
3,035 | 1,800 | 4,462 | 5,482 | 3,417 | 4,469 | |
65 |
3,035 | 1,800 | 4,462 | 5,482 | 3,417 | 4,469 | |
9903 |
30,950 | 588 | -45,385 | 4,880 | 2,078 | 855 | |
67/77 |
- | - | - | 1,633 | 1,372 | 1,950 | |
9904 |
30,950 | 588 | -45,385 | 3,247 | 706 | -1,095 | |
689 |
36,226 | - | - | - | - | - | |
9905 |
-5,276 | 588 | -45,385 | 3,247 | 706 | -1,095 | |
| Appropriation of the result | |||||||
9906 |
-47,358 | -42,082 | -42,670 | 2,858 | -389 | -1,095 | |
14P |
-42,082 | - | - | - | - | - | |
691/2 |
- | - | - | 143 | - | - | |
6920 |
- | - | - | 143 | - | - | |
| Social balance sheet | |||||||
9087 |
1 | 1.5 | 2.3 | 2 | 1.2 | 0.2 | |
Hours worked1013 |
1,288 | 1,728 | 3,048 | 3,072 | 1,744 | 224 | |
| Document | |||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 08-08-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank2021 annual accounts filed 8 days after the deadline. Filed on 8 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20278967.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | full format | 08-08-2022 | 2022-20278967 | |
| 31-12-2020 | full format | 28-09-2021 | 2021-68800030 | |
| 31-12-2019 | full format | 05-08-2020 | 2020-39100404 | |
| 31-12-2018 | full format | 27-08-2019 | 2019-52600122 | |
| 31-12-2017 | full format | 29-08-2018 | 2018-54000135 | |
| 31-12-2016 | full format | 25-08-2017 | 2017-48600263 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| 40,000 | 9,135 | -34,166 | 17,089 | 18,846 | 30,365 | ||
| 36,966 | 7,335 | -38,623 | 10,024 | 14,066 | 23,956 | ||
| 1,393 | 0 | 1,042 | 2,438 | 2,853 | 98,103 | ||
| -10,835 | 5,758 | 18,539 | -440 | 440 | - | ||
| -22,564 | -50,673 | -51,871 | -16,150 | -34,605 | -39,809 | ||
| -7.3% | -46.3% | -40.6% | 7.3% | 6.1% | 4.6% | ||
| 0.68 | 0.52 | 0.54 | 0.85 | 0.54 | 0.54 | ||
| 0.38 | 0.47 | 0.54 | 0.85 | 0.54 | 0.54 | ||
| - | - | - | 11.59 | 13.57 | 18.82 | ||
| - | - | - | 35.8% | 12.2% | -21.5% | ||
| 47.3% | 0.8% | -50.7% | 2.6% | 0.7% | -1.0% | ||
| 13.18 | - | - | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| 1 | |
| On a permanent contract | 1 |
Source: social balance sheet in the 2021 annual accounts
Investments
fixed assets acquired| Item | 2021 |
|---|---|
| Tangible fixed assets | €1,393 |
| €6,017 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Insights on AFC CONSTRUCT
The operating result for 2021 is over 14 times that of 2020 and the highest since 2016. It is the second rise in a row, after the fall in 2019.
Equity is negative. Debt (€70,286) exceeds the balance-sheet total (€65,497).
Board & ownership
Curators
2 mandatesCurator, Rue Louvrex 55-57, 4000 Liege 1
from 21-11-2022 to 04-02-2025
Also on 128 other cases
Curator, Rue Paul Devaux 2, 4000 Liege 1
from 21-11-2022 to 04-02-2025
Also on 144 other cases
Last board
1 directorARGENTO FINOL Carmelo
Director
since 13-04-2015
listed in the 2021 annual accounts, filed on 08-08-2022
Mandates through the years
1 name, the dashed line is todayARGENTO FINOL Carmelo
Director
Director
BoardBankruptcy 21-11-2022
Mandates as a list
- ARGENTO FINOL Carmelo
- Director, from 13-04-2015, until the bankruptcy of 21-11-2022
Control
Capital
- Capital
- €6,200
- Source
- 2021 annual accounts
Network & group
No group
AFC CONSTRUCT has no parent and no holdings in its annual accounts. ARGENTO FINOL Carmelo is the only director. AFC CONSTRUCT shares no director with another company.
Timeline
Timeline
18 events since 2015Filings
Financial
Insolvency
Address
201620182020202220242026
2025
Bankruptcy closure (by liquidation) Enterprise Court of Liège, Liège division · judgment of 04-02-2025
2023
Supervising judge replaced Enterprise Court of Liège, Liège division · judgment of 04-12-2023
2022
Bankruptcy published Enterprise Court of Liège, Liège division · judgment of 21-11-2022
Annual accounts 2021 filed PDFfull format · 8 days late
2021
Highest result from 2016 to 2021 net €30,950 ▲5,164% The operating result of €33,984 and the net result of €30,950 are both a record.
Annual accounts 2020 filed PDFfull format · 59 days late
Plan homologation Enterprise Court of Liège · judgment of 02-03-2021
2020
Back to profit net €588 The net result is €588, after one loss-making year.
Extension Enterprise Court of Liège · collective agreement · judgment of 01-09-2020
Annual accounts 2019 filed PDFfull format · 5 days late
Judicial reorganisation opened Enterprise Court of Liège · collective agreement · judgment of 03-03-2020
2019
Weakest financial year net -€45,385 The net result drops to -€45,385, the lowest from 2016 to 2021.
Annual accounts 2018 filed PDFfull format · 27 days late
2018
Registered office moved from Nandrin to Saint-Georges-sur-MeuseNew registered office: rue Emile Delcour, 11 4470 SAINT-GEORGES-SUR-MEUSE · Previous registered office: Rue de Clémodeau 13 4450 NANDRIN · General meeting of 02-07-20182 points ▸
- General meeting, 02-07-2018
- Registered-office move, rue Emile Delcour, 11 4470 SAINT-GEORGES-SUR-MEUSE
Annual accounts 2017 filed PDFfull format · 29 days late
2017
Back to profit net €706 The net result is €706, after one loss-making year.
Annual accounts 2016 filed PDFfull format · 25 days late
2015
Incorporation PDF3 publications in the Belgian Official Gazette, the last on 18-09-2018
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
AFC CONSTRUCT is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Rue De Clemodeau 13, 4550 Nandrinas published on 18 September 2018
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2016