AZ CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for AZ CONSTRUCT according to publications in the Belgian State Gazette; curator: LUDIVINE DEWELLE.
Summary
The 2021 annual accounts show negative equity (€-40k) and a net result of €-22k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 06-10-2022, 67 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
67 d late
2020
4 d early
2019
99 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€184k▼ 40.2%
2020 · €307k
2019: €355khighest in 3 years
2020: €307k▼ -13.3% vs 2019
2021: €184k▼ -40.2% vs 2020lowest in 3 years
2019 → 2021
EBIT margin
-11.3%▼ 12.2pp
2020 · 0.9%
2019: -11.0%
2020: 0.9%▲ +108% vs 2019highest in 3 years
2021: -11.3%▼ -1390% vs 2020lowest in 3 years
2019 → 2021
Net result
€-22k
2020 · €3k
2019: €-39klowest in 3 years
2020: €3k▲ +106% vs 2019highest in 3 years
2021: €-22k▼ -963% vs 2020
2019 → 2021
Working capital
€-47k▼ 125%
2020 · €-21k
2019: €-26k
2020: €-21k▲ +18.1% vs 2019highest in 3 years
2021: €-47k▼ -125% vs 2020lowest in 3 years
2019 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€355k-€307k▼ 13.3%€184k▼ 40.2%
2019: €355khighest in 3 years
2020: €307k▼ -13.3% vs 2019
2021: €184k▼ -40.2% vs 2020lowest in 3 years
Equity€-21k-€-18k▲ 12.3%€-40k▼ 121%
2019: €-21k
2020: €-18k▲ +12.3% vs 2019highest in 3 years
2021: €-40k▼ -121% vs 2020lowest in 3 years
Operating result€-39k-€3k€-21k
2019: €-39klowest in 3 years
2020: €3k▲ +107% vs 2019highest in 3 years
2021: €-21k▼ -871% vs 2020
Net result€-39k-€3k€-22k
2019: €-39klowest in 3 years
2020: €3k▲ +106% vs 2019highest in 3 years
2021: €-22k▼ -963% vs 2020
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €21k after €3k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €29k
Fixed assets
€9k ▲ 27.5%
Current assets
€20k ▼ 65.1%
Key figures and ratios
EBITDA
€-19k▼
2020 · €5k
Cash flow
€-20k▼
2020 · €5k
Solvency
-136.6%▼
2020 · -27.7%
Current ratio
0.30▼
2020 · 0.73
Debt to equity
-1.73
ROA
-74.8%▼
2020 · 3.9%
Interest coverage
-19.61
Debt
€69k▼
2020 · €83k
Debt ≤ 1 year
€67k▼
2020 · €79k
Staff costs
€40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 41 lines
Balance sheet
Code20202021
Assets
Total assets20/58€65k€29k▼
Formation expenses20€407-
Fixed assets21/28€7k€9k▲
Tangible fixed assets22/27€7k€9k▲
Furniture and vehicles24-€9k
Current assets29/58€58k€20k▼
Stocks and contracts in progress3€5k-
Amounts receivable within one year40/41€49k€8k▼
Trade receivables40-€7k
Other amounts receivable41-€1k
Cash at bank and in hand54/58€2k€11k▲
Deferred charges and accrued income490/1-€420
Equity and liabilities
Total equity and liabilities10/49€65k€29k▼
Equity10/15€-18k€-40k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Profit (loss) carried forward14€-37k€-58k▼
Amounts payable17/49€83k€69k▼
Amounts payable within one year42/48€79k€67k▼
Trade debts44€69k€64k▼
Suppliers440/4-€64k
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Accrued charges and deferred income492/3-€2k
Income statement
Code20202021
Turnover70€307k€184k▼
Goods, raw materials, services and sundry goods60/61-€154k
Remuneration, social security and pensions62-€40k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8-€9k
Gross operating margin9900€54k€29k▼
Operating profit (loss)9901€3k€-21k▼
Financial income75/76B-€16
Recurring financial income75€48€16▼
Financial charges65/66B-€962
Recurring financial charges65€227€962▲
Profit (loss) for the period before taxes9903€3k€-22k▼
Profit (loss) for the period9904€3k€-22k▼
Profit (loss) for the period to be appropriated9905€3k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-58k
Profit (loss) brought forward from the previous period14P-€-37k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | €355k | €307k | €184k | ▼ 40.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €154k | - |
| Remuneration, social security and pensions62 | - | - | €40k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €2k | ▼ 27.7% |
| Other operating charges640/8 | - | - | €9k | - |
| Gross operating margin9900 | €-35k | €54k | €29k | ▼ 45.3% |
| Operating profit (loss)9901 | €-39k | €3k | €-21k | ▼ 871% |
| Financial income75/76B | - | - | €16 | - |
| Recurring financial income75 | - | €48 | €16 | ▼ 65.9% |
| Financial charges65/66B | - | - | €962 | - |
| Recurring financial charges65 | €214 | €227 | €962 | ▲ 324% |
| Profit (loss) for the period before taxes9903 | €-39k | €3k | €-22k | ▼ 963% |
| Profit (loss) for the period9904 | €-39k | €3k | €-22k | ▼ 963% |
| Profit (loss) for the period to be appropriated9905 | €-39k | €3k | €-22k | ▼ 963% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €33k | €65k | €29k | ▼ 55.3% |
| Formation expenses20 | €813 | €407 | - | - |
| Fixed assets21/28 | €4k | €7k | €9k | ▲ 27.5% |
| Tangible fixed assets22/27 | €4k | €7k | €9k | ▲ 27.5% |
| Furniture and vehicles24 | - | - | €9k | - |
| Current assets29/58 | €27k | €58k | €20k | ▼ 65.1% |
| Stocks and contracts in progress3 | - | €5k | - | - |
| Amounts receivable within one year40/41 | €13k | €49k | €8k | ▼ 83.0% |
| Trade receivables40 | - | - | €7k | - |
| Other amounts receivable41 | - | - | €1k | - |
| Current investments50/53 | €4k | - | - | - |
| Cash at bank and in hand54/58 | €11k | €2k | €11k | ▲ 657% |
| Deferred charges and accrued income490/1 | - | - | €420 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €33k | €65k | €29k | ▼ 55.3% |
| Equity10/15 | €-21k | €-18k | €-40k | ▼ 121% |
| Contributions10/11 | €19k | €19k | €19k | = |
| Capital10 | - | - | €19k | - |
| Issued capital100 | - | - | €19k | - |
| Profit (loss) carried forward14 | €-39k | €-37k | €-58k | ▼ 59.5% |
| Amounts payable17/49 | €53k | €83k | €69k | ▼ 17.1% |
| Amounts payable within one year42/48 | €53k | €79k | €67k | ▼ 14.5% |
| Trade debts44 | €27k | €69k | €64k | ▼ 7.4% |
| Suppliers440/4 | - | - | €64k | - |
| Taxes, remuneration and social security45 | - | - | €3k | - |
| Taxes450/3 | - | - | €3k | - |
| Accrued charges and deferred income492/3 | - | - | €2k | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-39k | €3k | €-22k | ▼ 963% |
| + Depreciation and write-downs630 | €3k | €3k | €2k | ▼ 27.7% |
| Operating cash flow (approximation) | €-37k | €5k | €-20k | ▼ 478% |
| Investment in fixed assets (approximation) | - | €-6k | €-4k | ▲ 29.1% |
| Change in cash | - | €-9k | €10k | ▲ 206% |
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
2023
30-10
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 23-10-2023
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
07-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 99 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Registered office, Colfontaine · 1 establishment unit since 2018
Ground area
873 m²
Building footprint
202 m²
Volume, LiDAR
1,740 m³
2 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
AZ CONSTRUCT
since 20182.279.917.494
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53014A1078/00G000 | Wallonia | 718 m² | 1 · 142 m² | 10.7 m · 3 fl. |
| 53078A0327/00D002 | Wallonia | 155 m² | 1 · 61 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUDIVINE DEWELLE AVENUE D’HYON, 49/0-1,
7000 MONS- .
Date provisoire de cessation de paiement : 23/10/2023 |
23-10-2023 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.