BERTUZZI CONSTRUCTION
InactiveBERTUZZI CONSTRUCTION was declared bankrupt on 20-10-2022 (Tribunal de l’entreprise de Liège, division Namur); the bankruptcy was closed for insufficient assets by judgment of 10-12-2025, published in the Belgian State Gazette on 05-01-2026.
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 · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 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 24-08-2021, 24 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
24 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 26 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21,726
2019 · -€39,086
Working capital
-€5,165▲ 80.8%
2019 · -€26,891
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-€44,755--€12,031▲ 73.1%€28,796
Net result-€60,983--€39,086▲ 35.9%€21,726
Equity€12,195--€26,891-€5,165▲ 80.8%
Total assets€144,944-€118,400▼ 18.3%€145,732▲ 23.1%
Debt€132,750-€145,291▲ 9.4%€150,897▲ 3.9%
Working capital€12,109--€26,891-€5,165▲ 80.8%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €28,796 after a loss of €12,031 in 2019, the highest result in the available series.
Key figures and ratios
Solvency
-3.5%▲
2019 · -22.7%
Current ratio
0.97▲
2019 · 0.81
ROA
14.9%▲
2019 · -33.0%
Debt ≤ 1 year
€150,897▲
2019 · €145,291
Income taxes
€122▼
2019 · €19,664
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 |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €343 | €86 | - | - |
| Gross operating margin9900 | -€31,627 | -€3,718 | €30,467 | ▲ 920% |
| Operating profit (loss)9901 | -€44,755 | -€12,031 | €28,796 | ▲ 339% |
| Recurring financial income75 | €292 | - | €187 | - |
| Recurring financial charges65 | €16,520 | €7,390 | €7,134 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | -€60,983 | -€19,422 | €21,848 | ▲ 212% |
| Income taxes67/77 | - | €19,664 | €122 | ▼ 99.4% |
| Profit (loss) for the period9904 | -€60,983 | -€39,086 | €21,726 | ▲ 156% |
| Profit (loss) for the period to be appropriated9905 | -€60,983 | -€39,086 | €21,726 | ▲ 156% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €144,944 | €118,400 | €145,732 | ▲ 23.1% |
| Formation expenses20 | €86 | - | - | - |
| Current assets29/58 | €144,858 | €118,400 | €145,732 | ▲ 23.1% |
| Amounts receivable within one year40/41 | €141,032 | €116,674 | €133,081 | ▲ 14.1% |
| Cash at bank and in hand54/58 | €3,826 | €369 | €12,651 | ▲ 3,329% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €144,944 | €118,400 | €145,732 | ▲ 23.1% |
| Equity10/15 | €12,195 | -€26,891 | -€5,165 | ▲ 80.8% |
| Contributions10/11 | €12,500 | €12,500 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€2,165 | -€41,251 | -€19,525 | ▲ 52.7% |
| Amounts payable17/49 | €132,750 | €145,291 | €150,897 | ▲ 3.9% |
| Amounts payable within one year42/48 | €132,750 | €145,291 | €150,897 | ▲ 3.9% |
| Trade debts44 | €42,689 | €80,363 | €111,420 | ▲ 38.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,983 | -€39,086 | €21,726 | ▲ 156% |
| + Depreciation and write-downs630 | €343 | €86 | - | - |
| Operating cash flow (approximation) | -€60,640 | -€39,000 | €21,726 | ▲ 156% |
| Change in cash | - | -€3,457 | €12,282 | ▲ 455% |
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
2026
05-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Namur · event 10-12-2025
2022
26-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 20-10-2022
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
31-12
Financial
Back to profitnet €21,726
Net result €21,726 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
19-06
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · event 14-06-2019
04-03
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 22-02-2019
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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 | SOPHIE MANISE GRAND’PONT 3, 5660 COUVIN-
.
78327
BELGISCH STAATSBLAD — 26.10.2022 — MONITEUR BELGE |
20-10-2022 → 10-12-2025 |