BOVEC CONSTRUCT
InactiveBOVEC CONSTRUCT was declared bankrupt on 28-03-2022 (Tribunal de l’entreprise francophone de Bruxelles). The bankruptcy was closed by liquidation by judgment of 26-03-2024, published in the Belgian Official Gazette on 02-04-2024.
Summary
Inactive. The last annual accounts are for financial year 2021.
Overview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 02-03-2011 · bankruptcy closed on 26-03-2024
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2021
- Gross margin
- €25,002
- ▲ 15×
- Turnover
- ≈ €100,000
- estimated
- Loss
- €1.8m
- ▲ 118×
- Equity
- -€1.8m
- Total assets
- €117,190
- ▼ 18.3%
Financials
Financials · financial year 2021, micro format
2021 annual accounts filed 135 days after the deadline Filed on 13 December 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20537023.
Annual accounts 2021 filed on 13-12-2022 PDF all 11 filings
Turnover
≈ €100,000
Estimated: probably between €60,000 and €180,000
Total assets
€117,190▼ 18.3%
2020 · €143,372
Net result
-€1.8m▼ 11,691%
2020 · -€15,383
Working capital
-€1.8m
2020 · €31,699
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
-€139,864
▼ 1,390%
2021
20182021
Net result
-€1.8m
▼ 11,691%
2021
20182021
Equity
-€1.8m
2021
20182021
Total assets
€117,190
▼ 18.3%
2021
20182021
Debt
€1.9m
▲ 18×
2021
20182021
Working capital
-€1.8m
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€0.002m-€0.02m-€0.009m-€0.1m▼ 1,390%
Net result-€0.01m-€0.01m-€0.02m-€1.8m▼ 11,691%
Equity€0.04m-€0.05m▲ 31.8%€0.04m▼ 28.0%-€1.8m
Total assets€0.3m-€0.2m▼ 26.7%€0.1m▼ 22.8%€0.1m▼ 18.3%
Debt€0.2m-€0.1m▼ 38.3%€0.1m▼ 20.6%€1.9m▲ 18×
Working capital€0.02m-€0.03m▲ 90.3%€0.03m▼ 5.4%-€1.8m
The operating result for 2021 is a loss of €139,864, larger than the loss of €9,387 in 2020. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
EBITDA
-€131,997▼
2020 · -€861
Cash flow
-€1.8m▼
2020 · -€6,857
Current ratio
0.06▼
2020 · 1.31
Interest coverage
-22.70
Debt ≤ 1 year
€1.9m▲
2020 · €103,806
Income taxes
€1.7m▲
2020 · €531
A ratio outside any meaningful range has been withheld (balance sheet total €117,190, equity -€1.8m).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.01m | €0.009m | €0.008m | ▼ 7.7% |
| Other operating charges640/8 | - | - | - | €0.2m | - |
| Non-recurring operating charges66A | - | - | - | €5 | - |
| Gross operating margin9900 | €0.03m | €0.05m | €0.002m | €0.03m | ▲ 15× |
| Operating profit (loss)9901 | -€0.002m | €0.02m | -€0.009m | -€0.1m | ▼ 1,390% |
| Recurring financial income75 | €0.001m | €0.001m | €269 | - | - |
| Financial charges65/66B | - | - | - | €0.006m | - |
| Recurring financial charges65 | €0.007m | €0.007m | €0.006m | €0.006m | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | -€0.009m | €0.02m | -€0.01m | -€0.1m | ▼ 881% |
| Income taxes67/77 | €0.001m | €0.005m | €0.001m | €1.7m | ▲ 3,140× |
| Profit (loss) for the period9904 | -€0.01m | €0.01m | -€0.02m | -€1.8m | ▼ 11,691% |
| Profit (loss) for the period to be appropriated9905 | -€0.01m | €0.01m | -€0.02m | -€1.8m | ▼ 11,691% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.3m | €0.2m | €0.1m | €0.1m | ▼ 18.3% |
| Fixed assets21/28 | €0.03m | €0.02m | €0.008m | - | - |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.008m | - | - |
| Current assets29/58 | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 13.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 13.4% |
| Trade receivables40 | - | - | - | €0.08m | - |
| Other amounts receivable41 | - | - | - | €0.04m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.3m | €0.2m | €0.1m | €0.1m | ▼ 18.3% |
| Equity10/15 | €0.04m | €0.05m | €0.04m | -€1.8m | - |
| Contributions10/11 | €0.006m | €0.006m | - | €0.02m | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - |
| Profit (loss) carried forward14 | €0.03m | €0.05m | €0.03m | -€1.8m | - |
| Amounts payable17/49 | €0.2m | €0.1m | €0.1m | €1.9m | ▲ 18× |
| Amounts payable after more than one year17 | €0.007m | - | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.1m | €1.9m | ▲ 18× |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.001m | - |
| Financial debts43 | - | - | - | €0.008m | - |
| Credit institutions430/8 | - | - | - | €0.008m | - |
| Trade debts44 | €0.1m | €0.03m | €0.03m | €0.03m | ▼ 23.8% |
| Suppliers440/4 | - | - | - | €0.03m | - |
| Taxes, remuneration and social security45 | - | - | - | €1.8m | - |
| Taxes450/3 | - | - | - | €1.1m | - |
| Remuneration and social security454/9 | - | - | - | €0.7m | - |
| Other amounts payable47/48 | - | - | - | €0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.01m | €0.01m | -€0.02m | -€1.8m | ▼ 11,691% |
| + Depreciation and write-downs630 | €0.02m | €0.01m | €0.009m | €0.008m | ▼ 7.7% |
| Operating cash flow (approximation) | €0.009m | €0.03m | -€0.007m | -€1.8m | ▼ 26,239% |
| Investment in fixed assets (approximation) | - | -€0.005m | €0.005m | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 13-12-2022 | 2022-20537023 | |
| 31-12-2020 | micro format | 09-11-2021 | 2021-77100310 | |
| 31-12-2019 | micro format | 06-11-2020 | 2020-69600562 | |
| 31-12-2018 | micro format | 19-09-2019 | 2019-65100343 | |
| 31-12-2017 | micro format | 31-10-2018 | 2018-71300026 | |
| 31-12-2016 | micro format | 28-03-2018 | 2018-08300157 | |
| 31-12-2015 | full format | 18-11-2016 | 2016-68100212 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-62800226 | |
| 31-12-2013 | full format | 14-07-2014 | 2014-30600525 | |
| 31-12-2012 | full format | 29-08-2013 | 2013-53200142 |
Board & ownership
Directors
Directors
2 directors
SOUSA LOPES Genes
Current
Director · listed in the 2021 annual accounts, filed on 13-12-2022
VELOSO Renato
Current
Director · listed in the 2021 annual accounts, filed on 13-12-2022
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | MéLANIE Valles Ruis Dreve Des Renards 8, 1180 Bruxelles 18 |
28-03-2022 → 26-03-2024 |
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SOUSA LOPES Genes |
|
| VELOSO Renato |
|
Network & group
BOVEC CONSTRUCT shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of BOVEC CONSTRUCT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2024
02-04
Bankruptcy
Bankruptcy closure (by liquidation)
French-language Enterprise Court of Brussels · judgment of 26-03-2024
2022
13-12
micro format · 135 days late
04-04
Bankruptcy
Bankruptcy declared
French-language Enterprise Court of Brussels · judgment of 28-03-2022
2021
31-12
Financial
Weakest financial yearnet -€1.8m
The net result drops to -€1.8m, the lowest from 2018 to 2021.
09-11
micro format · 101 days late
2020
06-11
micro format · 98 days late
2019
31-12
Financial
Back to profitnet €13,270
The net result is €13,270, after one loss-making year.
19-09
micro format · 50 days late
2018
2016
18-11
full format · 110 days late
2015
30-09
full format · 61 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
BOVEC CONSTRUCT is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Rue Souveraine 122, 1000 Bruxellesas published on 15 October 2021
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2011