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ALSERCO CONSTRUCT

Open bankruptcy
Private limited company (pre-2019)founded 2018Avenue de Mérode 7, 1300 Wavre, BelgiumKBO/BCE: BE 0716.837.522

A bankruptcy procedure is open for ALSERCO CONSTRUCT according to publications in the Belgian Official Gazette; trustee: Antoine Braun.

Summary

The 2022 annual accounts show equity of €89,130 and a net result of €7,218.

ALSERCO CONSTRUCTOpen 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 Walloon Brabant
Declared bankrupt
3 September 2026
Supervising judge
Serge Henkens
Official Gazette
09-09-2026 (pdf) ↗search the document for 2026/136760

Deadlines

Appeal or third-party opposition until
passed on 24 September 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 3 October 2026art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 15 October 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
3 September 2027A 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

  • Antoine BraunVieux Chemin Du Poete 11, 1301 08 Wavre (Bierges)a.braun@ibilaw.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
€203,234turnover 2022
Staff
≈ 0.2 FTE, estimated
Equity
€89,130
Profit
€7,218
Financial health
Open bankruptcy: no score
Structure
3 deeds in the Belgian Official Gazette
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 Walloon Brabant…
  2. Annual accounts filedfinancial year 2022 · full…
  3. Annual accounts filedfinancial year 2021 · full…

Financials · financial year 2022, full format

2022 annual accounts filed late (460 days) Filed on 4 April 2024, deadline 31 December 2022 (7 months after the close on 31 May 2022, Companies Code art. 3:10). Source: NBB, 2024-00057245.

Turnover
€203,234▼ 9.3%
2021 · €224,045
EBIT margin
5.1%▼ 33.7pp
2021 · 38.8%
Net result
€7,218▼ 89.7%
2021 · €69,836
Working capital
€83,772▲ 16.4%
2021 · €71,948
Trend over the years

2020 to 2022, 3 financial years

The operating result falls in 2022; 2022 is 88% below 2021 and is the lowest result in the available series.

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

Turnover€203,234 2022 Operating result€10,380 2022 Net result€7,218 2022

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
Line202020212022
Turnover€299,454-€224,045▼ 25.2%€203,234▼ 9.3%
Operating result€15,780-€86,967▲ 451%€10,380▼ 88.1%
Net result€12,075within the sector's middle half-€69,836within the sector's middle half▲ 478%€7,218within the sector's middle half▼ 89.7%
EBIT margin5.3%-38.8%▲ 33.5pp5.1%▼ 33.7pp
Equity€12,076below the sector's middle half-€81,912within the sector's middle half▲ 578%€89,130within the sector's middle half▲ 8.8%
Total assets€38,307below the sector's middle half-€125,440below the sector's middle half▲ 227%€194,511below the sector's middle half▲ 55.1%
Debt€26,232-€43,528▲ 65.9%€105,381▲ 142%
Working capital€12,076below the sector's middle half-€71,948within the sector's middle half▲ 496%€83,772within the sector's middle half▲ 16.4%
Solvency31.5%within the sector's middle half-65.3%above the sector's middle half▲ 33.8pp45.8%within the sector's middle half▼ 19.5pp
Current ratio1.46within the sector's middle half-2.65above the sector's middle half▲ 1.191.79within the sector's middle half▼ 0.86
Return on assets (ROA)31.5%above the sector's middle half-55.7%above the sector's middle half▲ 24.2pp3.7%within the sector's middle half▼ 52.0pp
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.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €194,511
Fixed assets €5,358 ▼ 46.2%
Current assets €189,153 ▲ 63.8%
Equity and liabilities €194,511
Equity €89,130 ▲ 8.8%
Debt €105,381 ▲ 142%
Debt's share of the balance-sheet total rises from 34.7% to 54.2%. Equity and debt are higher.
Key figures and ratios
2022 value · change against 2021
EBITDA
€14,987▼
2021 · €90,823
Cash flow
€11,825▼
2021 · €73,692
Debt to equity
1.18▲
2021 · 0.53
ROE
8.1%▼
2021 · 85.3%
Interest coverage
23.03▼
2021 · over 100
Debt ≤ 1 year
€105,381▲
2021 · €43,528
Income taxes
€2,507▼
2021 · €16,841
Staff costs
€5,014▲
2021 · €714
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 · 2022 against 2021 · 42 lines
Balance sheet Code20212022
Assets
Total assets20/58€125,440€194,511▲
Fixed assets21/28€9,964€5,358▼
Tangible fixed assets22/27€9,964€5,358▼
Furniture and vehicles24€9,964€5,358▼
Current assets29/58€115,476€189,153▲
Amounts receivable within one year40/41€108,013€184,320▲
Trade receivables40€32,258€116,524▲
Other amounts receivable41€75,755€67,795▼
Cash at bank and in hand54/58€7,463€4,834▼
Equity and liabilities
Total equity and liabilities10/49€125,440€194,511▲
Equity10/15€81,912€89,130▲
Contributions10/11€1€1=
Contributions outside capital11€1€1=
Share premium1100/10€1€1=
Reserves13€0€0=
Non-distributable reserves130/1€0€0=
Reserves not available under the articles1311€0€0=
Profit (loss) carried forward14€81,910€89,129▲
Amounts payable17/49€43,528€105,381▲
Amounts payable within one year42/48€43,528€105,381▲
Trade debts44€22,946€79,234▲
Suppliers440/4€1,026€348▼
Bills of exchange payable441€21,920€78,886▲
Taxes, remuneration and social security45€20,582€26,147▲
Taxes450/3€20,582€22,457▲
Remuneration and social security454/9-€3,690
Income statement Code20212022
Turnover70€224,045€203,234▼
Goods, raw materials, services and sundry goods60/61€132,480€182,574▲
Remuneration, social security and pensions62€714€5,014▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,856€4,606▲
Other operating charges640/8€27€659▲
Gross operating margin9900€91,565€20,660▼
Operating profit (loss)9901€86,967€10,380▼
Financial charges65/66B€290€655▲
Recurring financial charges65€290€651▲
Non-recurring financial charges66B-€5
Profit (loss) for the period before taxes9903€86,677€9,725▼
Income taxes67/77€16,841€2,507▼
Profit (loss) for the period9904€69,836€7,218▼
Profit (loss) for the period to be appropriated9905€69,836€7,218▼
Appropriation of the result
Profit (loss) to be appropriated9906€81,910€89,129▲
Profit (loss) brought forward from the previous period14P€12,075€81,910▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202020212022Change
Turnover70€299,454€224,045€203,234▼ 9.3%
Goods, raw materials, services and sundry goods60/61-€132,480€182,574▲ 37.8%
Remuneration, social security and pensions62-€714€5,014▲ 602%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3,856€4,606▲ 19.4%
Other operating charges640/8-€27€659▲ 24×
Gross operating margin9900€15,822€91,565€20,660▼ 77.4%
Operating profit (loss)9901€15,780€86,967€10,380▼ 88.1%
Financial charges65/66B-€290€655▲ 126%
Recurring financial charges65€111€290€651▲ 124%
Non-recurring financial charges66B--€5-
Profit (loss) for the period before taxes9903€15,669€86,677€9,725▼ 88.8%
Income taxes67/77€3,594€16,841€2,507▼ 85.1%
Profit (loss) for the period9904€12,075€69,836€7,218▼ 89.7%
Profit (loss) for the period to be appropriated9905€12,075€69,836€7,218▼ 89.7%
Line202020212022Change
Assets
Total assets20/58€38,307€125,440€194,511▲ 55.1%
Fixed assets21/28-€9,964€5,358▼ 46.2%
Tangible fixed assets22/27-€9,964€5,358▼ 46.2%
Furniture and vehicles24-€9,964€5,358▼ 46.2%
Current assets29/58€38,307€115,476€189,153▲ 63.8%
Amounts receivable within one year40/41€32,631€108,013€184,320▲ 70.6%
Trade receivables40-€32,258€116,524▲ 261%
Other amounts receivable41-€75,755€67,795▼ 10.5%
Cash at bank and in hand54/58€5,676€7,463€4,834▼ 35.2%
Equity and liabilities
Total equity and liabilities10/49€38,307€125,440€194,511▲ 55.1%
Equity10/15€12,076€81,912€89,130▲ 8.8%
Contributions10/11€1€1€1=
Contributions outside capital11-€1€1=
Share premium1100/10-€1€1=
Reserves13€0€0€0=
Non-distributable reserves130/1-€0€0=
Reserves not available under the articles1311-€0€0=
Profit (loss) carried forward14€12,075€81,910€89,129▲ 8.8%
Amounts payable17/49€26,232€43,528€105,381▲ 142%
Amounts payable within one year42/48€26,232€43,528€105,381▲ 142%
Trade debts44€22,491€22,946€79,234▲ 245%
Suppliers440/4-€1,026€348▼ 66.1%
Bills of exchange payable441-€21,920€78,886▲ 260%
Taxes, remuneration and social security45-€20,582€26,147▲ 27.0%
Taxes450/3-€20,582€22,457▲ 9.1%
Remuneration and social security454/9--€3,690-
Line202020212022Change
Profit (loss) for the period9904€12,075€69,836€7,218▼ 89.7%
+ Depreciation and write-downs630-€3,856€4,606▲ 19.4%
Operating cash flow (approximation)€12,075€73,692€11,825▼ 84.0%
Investment in fixed assets (approximation)--€0-
Change in cash-€1,787-€2,629-

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
31-05-2022 full format 04-04-2024 2024-00057245
31-05-2021 full format 01-09-2022 2022-20399161
31-05-2020 full format 08-07-2021 2021-33200222

Similar companies · same sector, comparable size

Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,403. 13,444 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 3 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Antoine Braun
Vieux Chemin Du Poete 11, 1301 08 Wavre (Bierges)
03-09-2026 → present

Owners and capital

Owners

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

History

ALSERCO CONSTRUCT was incorporated on 26 December 2018.1 Turnover fell from €299,454 in 2020 to €203,234 in 2022.2 On 3 September 2026 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2020 and 2022
  3. 3Belgian Official Gazette, 09-09-2026

Acts, filings and financial milestones

2026
09-09
Bankruptcy Opening
Enterprise Court of Walloon Brabant · judgment of 03-09-2026
2024
04-04
NBB filing Annual accounts filed
financial year 2022 · full format · 460 days late
2022
01-09
NBB filing Annual accounts filed
financial year 2021 · full format · 244 days late
31-05
Financial Weakest financial yearnet €7,218 ▼89.7%
Net result drops to €7,218, the lowest in the series.
2021
08-07
NBB filing Annual accounts filed
financial year 2020 · full format · 189 days late
31-05
Financial Highest result from 2020 to 2022net €69,836 ▲478%
Operating result €86,967, net result €69,836, both a record.
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 3 deeds read
About the unread acts

We know of 3 Belgian Official Gazette acts for this company. None of them has 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.

Opening faillissement

ALSERCO CONSTRUCT is in the KBO register with the legal situation: opening faillissement.

Legal situation
Opening faillissement
Last annual accounts
financial year to 31 May 2022
Legal form
Private limited company (pre-2019)
Active since
26 December 2018
Official KBO record

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded26-12-2018
Financial year end31-05
Activities, NACEBEL 2025
41001General construction of 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 31 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, Wavre · 1 establishment unit since 2018
registered office establishment The establishment unit on the map
Ground area
96 m²
Building footprint
121 m²
Building volume
516 m³
Parcel 25055A0444/00G008, Wallonia · tallest building 5.9 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ALSERCO CONSTRUCT
Avenue de Mérode 7, 1300 WavreSite preparation
since 2018unit no. 2.285.661.775
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
25055A0444/00G008 Wallonia 96 m² 1 · 121 m² 5.9 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.