BHALUU CONSTRUCTION
Open bankruptcyA bankruptcy procedure is open for BHALUU CONSTRUCTION according to publications in the Belgian State Gazette; curator: STEPHANIE BASTIEN.
Summary
The 2021 annual accounts show equity of €183,668 and a net result of -€57,854.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 15 May 2023
- Supervising judge
- Vincent De Laet
- Official Gazette
- 30-05-2023 (pdf) ↗search the document for 2023/121258
Deadlines
- File the claim in RegSol until
- passed on 14 June 2023art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 14 June 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 26 June 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 15 May 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Stephanie BastienChaussee De Louvain 523, 1380 Lasnes.bastien@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€183,668▼ 11.4%
2020 · €207,210
Total assets
€678,639▲ 130%
2020 · €294,964
Net result
-€57,854▼ 64.3%
2020 · -€35,218
Working capital
€24,764▼ 71.5%
2020 · €86,757
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€71,603--€43,875▲ 38.7%-€34,122▲ 22.2%-€58,231▼ 70.7%
Net result-€71,660--€44,179▲ 38.3%-€35,218below the sector's middle half▲ 20.3%-€57,854below the sector's middle half▼ 64.3%
Equity€19,560-€60,381▲ 209%€207,210above the sector's middle half▲ 243%€183,668above the sector's middle half▼ 11.4%
Total assets€34,652-€182,067▲ 425%€294,964within the sector's middle half▲ 62.0%€678,639above the sector's middle half▲ 130%
Debt€15,091-€121,686▲ 706%€87,754▼ 27.9%€494,971▲ 464%
Working capital€5,601-€48,045▲ 758%€86,757above the sector's middle half▲ 80.6%€24,764within the sector's middle half▼ 71.5%
Solvency56.4%-33.2%▼ 23.3pp70.2%above the sector's middle half▲ 37.1pp27.1%within the sector's middle half▼ 43.2pp
Current ratio1.37-1.39▲ 0.021.99within the sector's middle half▲ 0.591.05within the sector's middle half▼ 0.94
Return on assets (ROA)-206.8%--24.3%▲ 182.5pp-11.9%below the sector's middle half▲ 12.3pp-8.5%below the sector's middle half▲ 3.4pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €58,231 in 2021 against €34,122 in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €678,639
Fixed assets
€158,995 ▲ 32.0%
Current assets
€519,644 ▲ 198%
Equity and liabilities €678,639
Equity
€183,668 ▼ 11.4%
Debt
€494,971 ▲ 464%
Debt's share of the balance-sheet total rises from 29.8% to 72.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€53,269▼
2020 · -€29,934
Cash flow
-€52,892▼
2020 · -€31,029
Quick ratio
1.02▼
2020 · 1.99
Debt to equity
2.69▲
2020 · 0.00
ROE
-31.5%▼
2020 · -17.0%
Interest coverage
-15.32
Debt ≤ 1 year
€494,881▲
2020 · €87,754
Staff costs
€13,110
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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €13,110 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,653 | €3,722 | €4,189 | €4,962 | ▲ 18.5% |
| Other operating charges640/8 | - | - | - | €7,540 | - |
| Non-recurring operating charges66A | - | - | - | €128 | - |
| Gross operating margin9900 | -€66,950 | -€39,805 | -€25,832 | -€32,491 | ▼ 25.8% |
| Operating profit (loss)9901 | -€71,603 | -€43,875 | -€34,122 | -€58,231 | ▼ 70.7% |
| Financial income75/76B | - | - | - | €3,855 | - |
| Recurring financial income75 | €1 | €0 | €6 | €3,855 | ▲ 62,077% |
| Financial charges65/66B | - | - | - | €3,478 | - |
| Recurring financial charges65 | €57 | €304 | €1,102 | €3,478 | ▲ 216% |
| Profit (loss) for the period before taxes9903 | -€71,660 | -€44,179 | -€35,218 | -€57,854 | ▼ 64.3% |
| Profit (loss) for the period9904 | -€71,660 | -€44,179 | -€35,218 | -€57,854 | ▼ 64.3% |
| Profit (loss) for the period to be appropriated9905 | -€71,660 | -€44,179 | -€35,218 | -€57,854 | ▼ 64.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €34,652 | €182,067 | €294,964 | €678,639 | ▲ 130% |
| Fixed assets21/28 | €13,959 | €12,337 | €120,454 | €158,995 | ▲ 32.0% |
| Intangible fixed assets21 | - | - | €107,812 | €151,095 | ▲ 40.1% |
| Tangible fixed assets22/27 | €13,959 | €10,237 | €8,632 | €5,990 | ▼ 30.6% |
| Plant, machinery and equipment23 | - | - | - | €4,021 | - |
| Furniture and vehicles24 | - | - | - | €1,968 | - |
| Financial fixed assets28 | - | €2,100 | €4,010 | €1,910 | ▼ 52.4% |
| Current assets29/58 | €20,693 | €169,731 | €174,510 | €519,644 | ▲ 198% |
| Stocks and contracts in progress3 | - | - | - | €15,000 | - |
| Stocks30/36 | - | - | - | €15,000 | - |
| Amounts receivable within one year40/41 | €9,094 | €137,438 | €62,975 | €453,938 | ▲ 621% |
| Trade receivables40 | - | - | - | €441,991 | - |
| Other amounts receivable41 | - | - | - | €11,947 | - |
| Cash at bank and in hand54/58 | €11,599 | €30,306 | €110,240 | €48,137 | ▼ 56.3% |
| Deferred charges and accrued income490/1 | - | - | - | €2,570 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €34,652 | €182,067 | €294,964 | €678,639 | ▲ 130% |
| Equity10/15 | €19,560 | €60,381 | €207,210 | €183,668 | ▼ 11.4% |
| Contributions10/11 | €91,220 | €148,720 | €293,578 | €293,578 | = |
| Capital10 | - | - | - | €293,578 | - |
| Issued capital100 | - | - | - | €293,578 | - |
| Profit (loss) carried forward14 | -€71,660 | -€115,839 | -€151,057 | -€208,910 | ▼ 38.3% |
| Investment grants15 | - | - | - | €99,000 | - |
| Amounts payable17/49 | €15,091 | €121,686 | €87,754 | €494,971 | ▲ 464% |
| Amounts payable after more than one year17 | - | - | €0 | - | - |
| Amounts payable within one year42/48 | €15,091 | €121,686 | €87,754 | €494,881 | ▲ 464% |
| Financial debts43 | - | - | - | €1,646 | - |
| Credit institutions430/8 | - | - | - | €1,646 | - |
| Trade debts44 | €3,591 | €93,405 | €69,053 | €488,924 | ▲ 608% |
| Suppliers440/4 | - | - | - | €488,924 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,670 | - |
| Taxes450/3 | - | - | - | €304 | - |
| Remuneration and social security454/9 | - | - | - | €2,366 | - |
| Other amounts payable47/48 | - | - | - | €1,641 | - |
| Accrued charges and deferred income492/3 | - | - | - | €91 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€71,660 | -€44,179 | -€35,218 | -€57,854 | ▼ 64.3% |
| + Depreciation and write-downs630 | €4,653 | €3,722 | €4,189 | €4,962 | ▲ 18.5% |
| Operating cash flow (approximation) | -€67,007 | -€40,456 | -€31,029 | -€52,892 | ▼ 70.5% |
| Investment in fixed assets (approximation) | - | -€2,100 | -€112,306 | -€43,503 | ▲ 61.3% |
| Change in cash | - | €18,707 | €79,935 | -€62,104 | ▼ 178% |
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
21-09
Bankruptcy
Supervising judge replaced
Tribunal de l’entreprise du Brabant wallon · event 04-09-2023
30-05
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 15-05-2023
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 212 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €207,210 ▲243%
Equity rises from €60,381 to €207,210.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2017
Ground area
1,657 m²
Building footprint
284 m²
Volume, LiDAR
1,674 m³
Parcel 25384B0052/00P000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BHALUU CONSTRUCTION
since 20172.271.597.270
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25384B0052/00P000 | Wallonia | 1,657 m² | 1 · 284 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 | STEPHANIE BASTIEN CHAUSSEE DE LOUVAIN 523,
1380 LASNE |
15-05-2023 → present |
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 12,289 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.