BEFRACON CONSTRUCT
InactiveBEFRACON CONSTRUCT was declared bankrupt on 31-05-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 10-06-2025, published in the Belgian State Gazette on 16-06-2025.
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 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 77 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 2020, abbreviated schema
Equity
€115,471▼ 0.8%
2019 · €116,411
Total assets
€142,819=
2019 · €142,819
Net result
-€940▲ 23.0%
2019 · -€1,220
Working capital
€115,471▼ 0.8%
2019 · €116,411
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
Line201820192020
Operating result€11,179--€1,185-€711▲ 40.0%
Net result€11,252--€1,220-€940▲ 23.0%
Equity€117,631-€116,411▼ 1.0%€115,471▼ 0.8%
Total assets€273,768-€142,819▼ 47.8%€142,819=
Debt€156,137-€26,408▼ 83.1%€27,348▲ 3.6%
Working capital€161,514-€116,411▼ 27.9%€115,471▼ 0.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €711 in 2020 against €1,185 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €142,819
Equity
€115,471 ▼ 0.8%
Debt
€27,348 ▲ 3.6%
Debt's share of the balance-sheet total rises from 18.5% to 19.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
5.22▼
2019 · 5.41
ROE
-0.8%▲
2019 · -1.0%
ROA
-0.7%▲
2019 · -0.9%
Debt ≤ 1 year
€27,348▲
2019 · €26,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €11,179 | -€408 | -€253 | ▲ 38.0% |
| Operating profit (loss)9901 | €11,179 | -€1,185 | -€711 | ▲ 40.0% |
| Recurring financial income75 | €73 | - | - | - |
| Recurring financial charges65 | - | €35 | €229 | ▲ 554% |
| Profit (loss) for the period before taxes9903 | €11,252 | -€1,220 | -€940 | ▲ 23.0% |
| Profit (loss) for the period9904 | €11,252 | -€1,220 | -€940 | ▲ 23.0% |
| Profit (loss) for the period to be appropriated9905 | €11,252 | -€1,220 | -€940 | ▲ 23.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €273,768 | €142,819 | €142,819 | = |
| Financial fixed assets28 | €0 | - | - | - |
| Current assets29/58 | €273,768 | €142,819 | €142,819 | = |
| Amounts receivable within one year40/41 | €224,668 | €142,789 | €142,789 | = |
| Cash at bank and in hand54/58 | - | €30 | €30 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €273,768 | €142,819 | €142,819 | = |
| Equity10/15 | €117,631 | €116,411 | €115,471 | ▼ 0.8% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | €17,631 | €16,411 | €15,471 | ▼ 5.7% |
| Amounts payable17/49 | €156,137 | €26,408 | €27,348 | ▲ 3.6% |
| Amounts payable after more than one year17 | €43,883 | - | - | - |
| Amounts payable within one year42/48 | €112,254 | €26,408 | €27,348 | ▲ 3.6% |
| Trade debts44 | €43,067 | €5,208 | €5,208 | = |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,252 | -€1,220 | -€940 | ▲ 23.0% |
| Operating cash flow (approximation) | €11,252 | -€1,220 | -€940 | ▲ 23.0% |
| Change in cash | - | - | €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
2025
16-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 10-06-2025
2022
03-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 31-05-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet -€1,220
Net result drops to -€1,220, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.41
Current ratio from 2.44 to 5.41; short-term debt falls from €112,254 to €26,408.
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 115 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 92 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
10-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 71 days late
2012
30-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State 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.
Directors · office · real estate
Directors
7 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | NATHALIE BEERNAERT DAMMESTRAAT-WEST 6,
8800 ROESELARE |
31-05-2022 → 10-06-2025 |
| Curator | SYLVIE FOULON BORNSTRAAT 44, 8800 ROESELARE |
31-05-2022 → 10-06-2025 |