Building Projects
Bankruptcy closedInactive since 10-06-2026; last annual accounts for fiscal year 2021.
Summary
Building Projects was declared bankrupt on 07-01-2025 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 09-06-2026, published in the Belgian State Gazette on 15-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 23-10-2022, 84 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
84 d late
2020
108 d late
2019
96 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€41k▲ 34.1%
2020 · €31k
2018: €19klowest in 4 years
2019: €23k▲ +21.5% vs 2018
2020: €31k▲ +31.9% vs 2019
2021: €41k▲ +34.1% vs 2020highest in 4 years
2018 → 2021
Total assets
€49k▲ 15.8%
2020 · €42k
2018: €22klowest in 4 years
2019: €42k▲ +94.9% vs 2018
2020: €42k▼ -1.1% vs 2019
2021: €49k▲ +15.8% vs 2020highest in 4 years
2018 → 2021
Net result
€10k▲ 41.0%
2020 · €7k
2018: €-1klowest in 4 years
2019: €4k▲ +376% vs 2018
2020: €7k▲ +80.3% vs 2019
2021: €10k▲ +41.0% vs 2020highest in 4 years
2018 → 2021
Working capital
€41k▲ 34.1%
2020 · €31k
2018: €19klowest in 4 years
2019: €23k▲ +21.5% vs 2018
2020: €31k▲ +31.9% vs 2019
2021: €41k▲ +34.1% vs 2020highest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€19k-€23k▲ 21.5%€31k▲ 31.9%€41k▲ 34.1%
2018: €19klowest in 4 years
2019: €23k▲ +21.5% vs 2018
2020: €31k▲ +31.9% vs 2019
2021: €41k▲ +34.1% vs 2020highest in 4 years
Operating result€-1k-€5k€10k▲ 98.1%€13k▲ 39.7%
2018: €-1klowest in 4 years
2019: €5k▲ +426% vs 2018
2020: €10k▲ +98.1% vs 2019
2021: €13k▲ +39.7% vs 2020highest in 4 years
Net result€-1k-€4k€7k▲ 80.3%€10k▲ 41.0%
2018: €-1klowest in 4 years
2019: €4k▲ +376% vs 2018
2020: €7k▲ +80.3% vs 2019
2021: €10k▲ +41.0% vs 2020highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 40% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €49k
Equity
€41k ▲ 34.1%
Debt
€7k ▼ 34.0%
Debt's share of the balance-sheet total falls from 26.9% to 15.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
6.52▲
2020 · 3.71
Debt to equity
0.18
ROE
25.4%▲
2020 · 24.2%
ROA
21.5%▲
2020 · 17.7%
Debt ≤ 1 year
€7k▼
2020 · €11k
Income taxes
€3k▲
2020 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 30 lines
Balance sheet
Code20202021
Assets
Total assets20/58€42k€49k▲
Current assets29/58€42k€49k▲
Amounts receivable within one year40/41€40k€49k▲
Trade receivables40-€2k
Other amounts receivable41-€46k
Cash at bank and in hand54/58€2k€15▼
Equity and liabilities
Total equity and liabilities10/49€42k€49k▲
Equity10/15€31k€41k▲
Contributions10/11-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€10k€21k▲
Amounts payable17/49€11k€7k▼
Amounts payable within one year42/48€11k€7k▼
Trade debts44€3k€1k▼
Suppliers440/4-€1k
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Income statement
Code20202021
Other operating charges640/8-€552
Gross operating margin9900€10k€14k▲
Operating profit (loss)9901€10k€13k▲
Financial charges65/66B-€127
Recurring financial charges65€177€127▼
Profit (loss) for the period before taxes9903€9k€13k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€7k€10k▲
Profit (loss) for the period to be appropriated9905€7k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€21k
Profit (loss) brought forward from the previous period14P-€10k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €552 | - |
| Gross operating margin9900 | €-961 | €5k | €10k | €14k | ▲ 38.3% |
| Operating profit (loss)9901 | €-1k | €5k | €10k | €13k | ▲ 39.7% |
| Financial charges65/66B | - | - | - | €127 | - |
| Recurring financial charges65 | - | - | €177 | €127 | ▼ 28.4% |
| Profit (loss) for the period before taxes9903 | €-1k | €5k | €9k | €13k | ▲ 41.0% |
| Income taxes67/77 | - | €738 | €2k | €3k | ▲ 41.0% |
| Profit (loss) for the period9904 | €-1k | €4k | €7k | €10k | ▲ 41.0% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €4k | €7k | €10k | ▲ 41.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €22k | €42k | €42k | €49k | ▲ 15.8% |
| Current assets29/58 | €22k | €42k | €42k | €49k | ▲ 15.8% |
| Amounts receivable within one year40/41 | €22k | €36k | €40k | €49k | ▲ 21.3% |
| Trade receivables40 | - | - | - | €2k | - |
| Other amounts receivable41 | - | - | - | €46k | - |
| Cash at bank and in hand54/58 | €62 | €6k | €2k | €15 | ▼ 99.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €22k | €42k | €42k | €49k | ▲ 15.8% |
| Equity10/15 | €19k | €23k | €31k | €41k | ▲ 34.1% |
| Contributions10/11 | €19k | €19k | - | €19k | - |
| Reserves13 | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-1k | €3k | €10k | €21k | ▲ 102% |
| Amounts payable17/49 | €3k | €19k | €11k | €7k | ▼ 34.0% |
| Amounts payable within one year42/48 | €3k | €19k | €11k | €7k | ▼ 34.0% |
| Trade debts44 | - | €13k | €3k | €1k | ▼ 58.1% |
| Suppliers440/4 | - | - | - | €1k | - |
| Taxes, remuneration and social security45 | - | - | - | €6k | - |
| Taxes450/3 | - | - | - | €6k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €4k | €7k | €10k | ▲ 41.0% |
| Operating cash flow (approximation) | €-1k | €4k | €7k | €10k | ▲ 41.0% |
| Change in cash | - | €6k | €-4k | €-2k | ▲ 53.6% |
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
15-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 09-06-2026
2025
13-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 07-01-2025
2022
23-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 84 days late
2021
31-12
Financial
Highest result since 2018net €10k ▲41%
Operating result €13k, net result €10k, both a record.
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 396 days late
2015
26-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 148 days late
23-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 296 days late
23-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 661 days late
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, Roeselare
Ground area
218 m²
Building footprint
113 m²
Volume, LiDAR
645 m³
Parcel 36503C0988/00B021, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C0988/00B021indicative | Flanders | 218 m² | 1 · 113 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 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 | WILLEM WITTOUCK GROENINGESTRAAT 33,
8500 KORTRIJK |
07-01-2025 → 09-06-2026 |
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,358 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
49420Removal services
Scores and ratios are computed by Checked and are not a credit decision.