Equity
Equity fell below zero in 2023.
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Embed the Bougard & Bernard Construct company card in your article about this bankruptcy: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Equity fell below zero in 2023.
The 2023 and 2024 financial years closed with a loss. 2023 was the heaviest.
Of this, €508,419 falls due within a year.
Between 2022 and 2024, 44% of the full-time equivalents disappeared.
Bougard & Bernard Construct pays its suppliers 28 days later than in 2023. Customers pay 16 days later.
The 2024 accounts came latest: 138 days after the end of the period.
Bougard & Bernard Construct reached its highest turnover since 2020 in 2023: €2.7m. A year later it was €1.9m.
Equity fell from €148,664 in 2022 to -€271,948 in 2024, while debts rose from €319,922 to €513,659.
On 2 April 2026 the court declared Bougard & Bernard Construct bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Lower than 95% of 9,833 companies in 2024.
Higher than 6% of 9,553 companies in 2024.
Lower than 95% of 9,646 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2024, 6 people joined and 10 left.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
241,711 | 423,995 | 468,586 | 354,075 | 149,141 | |
21/28 |
30,652 | 58,673 | 83,859 | 86,356 | 78,842 | |
22/27 |
25,026 | 53,123 | 76,209 | 80,806 | 73,292 | |
23 |
9,654 | 23,106 | 19,535 | 19,816 | 10,992 | |
24 |
13,403 | 15,614 | 28,530 | 19,105 | 6,675 | |
25 |
1,969 | 14,403 | 28,144 | 41,885 | - | |
28 |
5,626 | 5,550 | 7,650 | 5,550 | 5,550 | |
29/58 |
211,059 | 365,322 | 384,727 | 267,719 | 70,299 | |
3 |
17,278 | 157,292 | 114,151 | 151,965 | 20,779 | |
30/36 |
17,278 | 35,683 | 7,151 | 151,965 | 20,779 | |
37 |
- | 121,609 | 107,000 | - | - | |
40/41 |
147,529 | 78,694 | 102,116 | 69,147 | 43,744 | |
40 |
142,677 | 78,694 | 97,440 | 54,246 | 32,015 | |
41 |
4,852 | - | 4,676 | 14,901 | 11,729 | |
50/53 |
- | - | 113,966 | - | - | |
54/58 |
42,046 | 126,667 | 51,060 | 44,955 | 3,160 | |
490/1 |
4,206 | 2,669 | 3,434 | 1,652 | 2,616 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
241,711 | 423,995 | 468,586 | 354,075 | 149,141 | |
10/15 |
-271,948 | -136,010 | 148,664 | 78,188 | 49,271 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
14 |
-291,948 | -156,010 | 128,664 | 58,188 | 29,271 | |
17/49 |
513,659 | 560,005 | 319,922 | 275,887 | 99,870 | |
17 |
5,240 | 10,578 | 24,947 | 135,657 | 32,675 | |
170/4 |
5,240 | 10,578 | 24,947 | 135,657 | 32,675 | |
42/48 |
508,419 | 549,427 | 294,975 | 140,230 | 67,195 | |
42 |
5,241 | 13,976 | 14,368 | 10,518 | 10,174 | |
43 |
149,915 | 150,333 | 462 | 394 | - | |
430/8 |
149,915 | 150,333 | 462 | 394 | - | |
44 |
319,540 | 294,446 | 200,492 | 77,870 | 34,936 | |
440/4 |
319,540 | 294,446 | 200,492 | 77,870 | 34,936 | |
45 |
9,492 | 55,781 | 60,681 | 36,416 | 7,213 | |
450/3 |
- | 30,140 | 37,472 | 15,320 | 7,213 | |
454/9 |
9,492 | 25,641 | 23,209 | 21,096 | - | |
47/48 |
24,231 | 34,891 | 18,972 | 15,032 | 14,872 | |
| Income statement | ||||||
70 |
1.9m | 2.7m | 2.3m | 1.0m | 343,177 | |
76A |
2,446 | - | - | - | - | |
9900 |
64,607 | 8,890 | 428,135 | 269,071 | 77,736 | |
60/61 |
1.8m | 2.8m | 2.0m | 818,554 | 287,893 | |
62 |
145,682 | 250,709 | 270,569 | 187,290 | 31,407 | |
630 |
28,143 | 36,402 | 33,990 | 26,062 | 11,120 | |
640/8 |
3,090 | 2,238 | 3,614 | 2,549 | 852 | |
66A |
3,440 | - | - | - | - | |
9901 |
-115,748 | -280,459 | 119,962 | 53,170 | 34,357 | |
75/76B |
1,185 | 1,594 | 813 | - | 1 | |
75 |
1,185 | 1,594 | - | - | 1 | |
76B |
- | - | 813 | - | - | |
65/66B |
21,295 | 11,567 | 8,566 | 5,991 | 1,787 | |
65 |
21,295 | 11,567 | 8,566 | 5,991 | 1,787 | |
9903 |
-135,858 | -290,432 | 112,209 | 47,179 | 32,571 | |
67/77 |
80 | -5,758 | 23,983 | 9,217 | 3,300 | |
9904 |
-135,938 | -284,674 | 88,226 | 37,962 | 29,271 | |
9905 |
-135,938 | -284,674 | 88,226 | 37,962 | 29,271 | |
| Appropriation of the result | ||||||
9906 |
-291,948 | -156,010 | 146,414 | 67,688 | 29,271 | |
14P |
-156,010 | 128,664 | 58,188 | 29,726 | - | |
694/7 |
- | - | 17,750 | 9,500 | - | |
694 |
- | - | 17,750 | 9,500 | - | |
| Social balance sheet | ||||||
9087 |
4.3 | 6.6 | 7.7 | 6.7 | 0.9 | |
Hours worked1013 |
4,794 | 8,210 | 10,749 | 8,974 | 1,800 | |
| Document | ||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 16-12-2025.
2024 annual accounts filed 138 days after the deadline. Filed on 16 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00582706.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 16-12-2025 | 2025-00582706 | |
| 31-12-2023 | full format | 31-08-2024 | 2024-00455914 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00223478 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20362798 | |
| 31-12-2020 | micro format | 31-05-2021 | 2021-16100009 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| -87,605 | -244,057 | 153,952 | 79,232 | 45,477 | ||
| -107,795 | -248,272 | 122,216 | 64,024 | 40,391 | ||
| 6,991 | 13,316 | 31,493 | 33,576 | 89,962 | ||
| -84,621 | 75,607 | 6,105 | 41,795 | - | ||
| -297,360 | -184,105 | 89,752 | 127,489 | 3,104 | ||
| -6.1% | -10.3% | 5.3% | 5.1% | 10.0% | ||
| -112.5% | -32.1% | 31.7% | 22.1% | 33.0% | ||
| 0.42 | 0.66 | 1.30 | 1.91 | 1.05 | ||
| 0.38 | 0.38 | 0.92 | 0.83 | 0.74 | ||
| - | - | 2.15 | 3.53 | 2.03 | ||
| - | - | 59.3% | 48.6% | 59.4% | ||
| -56.2% | -67.1% | 18.8% | 10.7% | 19.6% | ||
| -4.11 | -21.10 | 17.97 | 13.23 | - | ||
| 27 days | 11 days | 16 days | 19 days | 34 days | ||
| 66 days | 38 days | 36 days | 35 days | 44 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 7 | 6 | 6 |
| full-time | 2 | 5 | 6 | 6 |
| part-time | 1 | 2 | - | - |
| in full-time equivalents | 2.5 | 6.1 | 6 | 6 |
| 4.3 | 6.6 | 7.7 | 6.7 | |
| On a permanent contract | 2 | 4 | 4 | 2 |
| Joined | 6 | 9 | 8 | 10 |
| Left | 10 | 8 | 8 | 9 |
Source: social balance sheet in the 2021 to 2024 annual accounts
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Overdue tax debts | - | €18,242 | - | - |
Source: notes to the 2021 to 2024 annual accounts (statement of debts)
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | €24,554 | - | - |
| Mortgages, amount registered | - | - | - | €25,000 |
| - | - | - | €125,000 | |
| Carrying value of the mortgaged assets | - | - | - | €135,500 |
| Mandates to pledge the business | €150,000 | - | - | - |
| Pledge on other assets, amount secured | €10,481 | €24,554 | €22,157 | €32,674 |
| Carrying value of the other pledged assets | €8,206 | €27,105 | €28,144 | €41,885 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €6,915 | €13,316 | €29,393 | €33,576 |
| Financial fixed assets | €76 | - | €2,100 | - |
| €28,143 | €36,402 | €33,990 | €26,062 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is a loss of €115,748, smaller than the loss of €280,459 in 2023.
Equity is negative. Debt (€513,659) exceeds the balance-sheet total (€241,711).
Bougard & Bernard Construct has no parent and no holdings in its annual accounts.
The connected companies are in the list below.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Bougard & Bernard Construct was incorporated on 9 July 2019 as a private limited company by two natural persons, with a starting capital of €20,000.12 The registered office was moved to Andenne in 2025.3 The board currently has 2 members.4 Turnover grew from €343,177 in 2020 to €1.9m in 2024 and headcount from 0.9 to 4.3 full-time equivalents.5 On 2 April 2026 the company was declared bankrupt.6
| Establishment | Since | Unit number |
|---|---|---|
| Chaussée Moncheur 12 registered office 5300 Andenne | ||
| Rue de Perwez 36 5300 Andenne | 09-07-2019 | 2.291.410.115 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92003B0037/00Y000 | 2,270 m² | 1 · 89 m² | 5.8 m · 2 |
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