ARAGON CONSTRUCT
InactiveARAGON CONSTRUCT was declared bankrupt on 04-04-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 27-02-2024, published in the Belgian State Gazette on 20-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
30-06-2021 close31-01-2022 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 29-01-2021, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
2 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 10 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
Financials · fiscal year 2020, micro schema
Equity
-€11,571▲ 4.4%
2019 · -€12,102
Total assets
€39,567▼ 5.3%
2019 · €41,788
Net result
€531
2019 · -€68,553
Working capital
-€11,821▲ 19.1%
2019 · -€14,617
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Operating result-€67,682-€1,278
Net result-€68,553-€531
Equity-€12,102--€11,571▲ 4.4%
Total assets€41,788-€39,567▼ 5.3%
Debt€53,890-€51,138▼ 5.1%
Working capital-€14,617--€11,821▲ 19.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €1,278 after a loss of €67,682 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €39,567
Fixed assets
€250 ▼ 90.1%
Current assets
€39,317 ▲ 0.1%
Key figures and ratios
EBITDA
€3,543▲
2019 · -€56,092
Cash flow
€2,796▲
2019 · -€56,963
Solvency
-29.2%▼
2019 · -29.0%
Current ratio
0.77▲
2019 · 0.73
ROA
1.3%▲
2019 · -164.0%
Debt ≤ 1 year
€51,138▼
2019 · €53,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,590 | €2,265 | ▼ 80.5% |
| Gross operating margin9900 | -€56,092 | €3,543 | ▲ 106% |
| Operating profit (loss)9901 | -€67,682 | €1,278 | ▲ 102% |
| Recurring financial income75 | - | €190 | - |
| Recurring financial charges65 | €871 | €937 | ▲ 7.6% |
| Profit (loss) for the period before taxes9903 | -€68,553 | €531 | ▲ 101% |
| Profit (loss) for the period9904 | -€68,553 | €531 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | -€68,553 | €531 | ▲ 101% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €41,788 | €39,567 | ▼ 5.3% |
| Fixed assets21/28 | €2,515 | €250 | ▼ 90.1% |
| Tangible fixed assets22/27 | €2,265 | - | - |
| Financial fixed assets28 | €250 | €250 | = |
| Current assets29/58 | €39,273 | €39,317 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €39,273 | €39,317 | ▲ 0.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €41,788 | €39,567 | ▼ 5.3% |
| Equity10/15 | -€12,102 | -€11,571 | ▲ 4.4% |
| Contributions10/11 | €17,300 | €17,300 | = |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€31,262 | -€30,731 | ▲ 1.7% |
| Amounts payable17/49 | €53,890 | €51,138 | ▼ 5.1% |
| Amounts payable within one year42/48 | €53,890 | €51,138 | ▼ 5.1% |
| Trade debts44 | €39,959 | €40,210 | ▲ 0.6% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€68,553 | €531 | ▲ 101% |
| + Depreciation and write-downs630 | €11,590 | €2,265 | ▼ 80.5% |
| Operating cash flow (approximation) | -€56,963 | €2,796 | ▲ 105% |
| Investment in fixed assets (approximation) | - | €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.
Timeline · acts, filings and financial milestones
2024
20-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 27-02-2024
2023
11-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 04-04-2023
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €531
Net result €531 after one loss-making year.
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 53 days late
2017
10-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 38 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | PHILIPPE VAN LIEFFERINGE BOTERHOEK 3,
9860 OOSTERZELE |
04-04-2023 → 27-02-2024 |