AT CONSTRUCTIONS
InactiveAT CONSTRUCTIONS was declared bankrupt on 31-10-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 18-03-2025, published in the Belgian State Gazette on 25-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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 · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 16-09-2022, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
47 d late
2020
60 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 65 days after 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 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29,477▼ 52.1%
2020 · €61,591
Working capital
€97,407▲ 13.7%
2020 · €85,645
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
Line2018201920202021
Operating result€10,138-€16,620▲ 63.9%€91,142▲ 448%€57,011▼ 37.4%
Net result€7,825-€13,048▲ 66.7%€61,591▲ 372%€29,477▼ 52.1%
Equity€15,244-€28,292▲ 85.6%€89,883▲ 218%€119,359▲ 32.8%
Total assets€179,497-€165,776▼ 7.6%€224,211▲ 35.2%€318,328▲ 42.0%
Debt€164,253-€137,484▼ 16.3%€134,328▼ 2.3%€198,968▲ 48.1%
Working capital€12,144-€27,867▲ 129%€85,645▲ 207%€97,407▲ 13.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 37% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €318,328
Fixed assets
€31,031 ▲ 632%
Current assets
€287,297 ▲ 30.6%
Equity and liabilities €318,328
Equity
€119,359 ▲ 32.8%
Debt
€198,968 ▲ 48.1%
Debt's share of the balance-sheet total rises from 59.9% to 62.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60,501▼
2020 · €92,780
Cash flow
€32,966▼
2020 · €63,229
Current ratio
1.51▼
2020 · 1.64
Debt to equity
1.67
ROE
24.7%▼
2020 · 68.5%
ROA
9.3%▼
2020 · 27.5%
Interest coverage
9.46
Debt ≤ 1 year
€189,890▲
2020 · €134,328
Debt > 1 year
€9,078
Income taxes
€21,256▼
2020 · €24,013
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,100 | €3,100 | €1,638 | €3,490 | ▲ 113% |
| Other operating charges640/8 | - | - | - | €3,233 | - |
| Gross operating margin9900 | €13,282 | €21,611 | €113,714 | €63,733 | ▼ 44.0% |
| Operating profit (loss)9901 | €10,138 | €16,620 | €91,142 | €57,011 | ▼ 37.4% |
| Financial income75/76B | - | - | - | €118 | - |
| Recurring financial income75 | €1,055 | €2,934 | €3,381 | €118 | ▼ 96.5% |
| Financial charges65/66B | - | - | - | €6,396 | - |
| Recurring financial charges65 | €81 | €1,021 | €8,920 | €6,396 | ▼ 28.3% |
| Profit (loss) for the period before taxes9903 | €11,112 | €18,533 | €85,604 | €50,733 | ▼ 40.7% |
| Income taxes67/77 | €3,287 | €5,485 | €24,013 | €21,256 | ▼ 11.5% |
| Profit (loss) for the period9904 | €7,825 | €13,048 | €61,591 | €29,477 | ▼ 52.1% |
| Profit (loss) for the period to be appropriated9905 | €7,825 | €13,048 | €61,591 | €29,477 | ▼ 52.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €179,497 | €165,776 | €224,211 | €318,328 | ▲ 42.0% |
| Fixed assets21/28 | €3,100 | €425 | €4,237 | €31,031 | ▲ 632% |
| Tangible fixed assets22/27 | €3,100 | - | €3,812 | €30,606 | ▲ 703% |
| Plant, machinery and equipment23 | - | - | - | €2,179 | - |
| Furniture and vehicles24 | - | - | - | €12,694 | - |
| Leasing and similar rights25 | - | - | - | €15,733 | - |
| Financial fixed assets28 | - | €425 | €425 | €425 | = |
| Current assets29/58 | €176,397 | €165,351 | €219,973 | €287,297 | ▲ 30.6% |
| Amounts receivable within one year40/41 | €141,065 | €129,382 | €162,536 | €242,033 | ▲ 48.9% |
| Trade receivables40 | - | - | - | €223,763 | - |
| Other amounts receivable41 | - | - | - | €18,269 | - |
| Cash at bank and in hand54/58 | €4,008 | €35,969 | €57,158 | €42,279 | ▼ 26.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,986 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €179,497 | €165,776 | €224,211 | €318,328 | ▲ 42.0% |
| Equity10/15 | €15,244 | €28,292 | €89,883 | €119,359 | ▲ 32.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €452 | €452 | €452 | €452 | = |
| Non-distributable reserves130/1 | - | - | - | €452 | - |
| Reserves not available under the articles1311 | - | - | - | €452 | - |
| Profit (loss) carried forward14 | €8,592 | €21,640 | €83,231 | €112,707 | ▲ 35.4% |
| Amounts payable17/49 | €164,253 | €137,484 | €134,328 | €198,968 | ▲ 48.1% |
| Amounts payable after more than one year17 | - | - | - | €9,078 | - |
| Financial debts170/4 | - | - | - | €9,078 | - |
| Amounts payable within one year42/48 | €164,253 | €137,484 | €134,328 | €189,890 | ▲ 41.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,452 | - |
| Trade debts44 | €157,661 | €131,204 | €78,102 | €111,598 | ▲ 42.9% |
| Suppliers440/4 | - | - | - | €111,598 | - |
| Taxes, remuneration and social security45 | - | - | - | €73,840 | - |
| Taxes450/3 | - | - | - | €73,840 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,825 | €13,048 | €61,591 | €29,477 | ▼ 52.1% |
| + Depreciation and write-downs630 | €3,100 | €3,100 | €1,638 | €3,490 | ▲ 113% |
| Operating cash flow (approximation) | €10,925 | €16,148 | €63,229 | €32,966 | ▼ 47.9% |
| Investment in fixed assets (approximation) | - | -€425 | -€5,450 | -€30,283 | ▼ 456% |
| Change in cash | - | €31,961 | €21,189 | -€14,879 | ▼ 170% |
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
2025
25-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 18-03-2025
2023
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 31-10-2023
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
2021
31-12
Financial
Equity above €100,000Eq €119,359 ▲32.8%
4 profitable years in a row build equity to €119,359.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Highest result since 2018net €61,591 ▲372%
Operating result €91,142, net result €61,591, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 135 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | WIM HEETHEM WATERLOOSESTEENWEG 412/F,
1050 BRUSSEL 5 |
31-10-2023 → 18-03-2025 |