Buildsmart
Open bankruptcyA bankruptcy procedure is open for Buildsmart according to publications in the Belgian State Gazette; curator: WILFRIED JORIS.
Summary
The 2023 annual accounts show negative equity (-€5.0m) and a net result of -€1.7m.
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 Antwerp, Antwerp division
- Declared bankrupt
- 1 October 2024
- Supervising judge
- Dirk Van Doorslaer
- Official Gazette
- 07-10-2024 (pdf) ↗search the document for 2024/137867
Curator
- Wilfried JorisMarktplein 22, 2110 Wijnegemwilfried.joris@joris-advocaten.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 30-01-2024, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
1 d early
2021
30 d early
2019
19 d late
2018
119 d late
2017
40 d early
2016
440 d late
2015
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 69 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.
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 Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Agents in the wholesale of timber and building materials sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
-€5.0m▼ 52.4%
2021 · -€3.3m
Total assets
€810,148▲ 22.4%
2021 · €661,815
Net result
-€1.7m▲ 8.9%
2021 · -€1.9m
Working capital
-€4.0m▼ 72.7%
2021 · -€2.3m
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
Line2018201920212023
Operating result-€1.1m--€1.3m▼ 21.5%-€1.9m--€1.6m-
Net result-€1.3m--€1.4m▼ 13.0%-€1.9m--€1.7m-
Equity-€814,398--€1.6m▼ 95.0%-€3.3m--€5.0m-
Total assets€922,640-€457,722▼ 50.4%€661,815-€810,148-
Debt€1.7m-€2.0m▲ 17.8%€4.0m-€5.9m-
Working capital-€534,603--€507,880▲ 5.0%-€2.3m--€4.0m-
Staff (FTE)3.4-4.8▲ 41.2%7.9-8.3-
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€1.6m in 2023, compared with -€1.9m in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €810,148
Fixed assets
€42,627 ▼ 84.8%
Current assets
€767,521 ▲ 101%
Key figures and ratios
EBITDA
-€1.6m▲
2021 · -€1.7m
Cash flow
-€1.7m▲
2021 · -€1.8m
Solvency
-623.0%▼
2021 · -500.3%
Current ratio
0.16▲
2021 · 0.14
Quick ratio
0.05▼
2021 · 0.14
Debt to equity
-1.16▼
2021 · -0.39
ROA
-214.3%▲
2021 · -287.8%
Interest coverage
-16.81
Debt ≤ 1 year
€4.7m▲
2021 · €2.7m
Debt > 1 year
€1.1m▼
2021 · €1.3m
Income taxes
€702▼
2021 · €7,638
Staff costs
€1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €30,449 | - |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87,472 | €60,646 | €148,288 | €23,499 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€9,375 | - |
| Other operating charges640/8 | - | - | - | €16,190 | - |
| Non-recurring operating charges66A | - | - | - | €257,326 | - |
| Gross operating margin9900 | -€780,400 | -€807,065 | -€871,765 | -€332,273 | - |
| Operating profit (loss)9901 | -€1.1m | -€1.3m | -€1.9m | -€1.6m | - |
| Financial income75/76B | - | - | - | €28,759 | - |
| Recurring financial income75 | €2,209 | €1,127 | €19,855 | €28,759 | - |
| Financial charges65/66B | - | - | - | €118,773 | - |
| Recurring financial charges65 | €35,008 | €38,306 | €32,574 | €96,479 | - |
| Non-recurring financial charges66B | - | - | - | €22,294 | - |
| Profit (loss) for the period before taxes9903 | -€1.3m | -€1.4m | -€1.9m | -€1.7m | - |
| Income taxes67/77 | - | €1,080 | €7,638 | €702 | - |
| Profit (loss) for the period9904 | -€1.3m | -€1.4m | -€1.9m | -€1.7m | - |
| Profit (loss) for the period to be appropriated9905 | -€1.3m | -€1.4m | -€1.9m | -€1.7m | - |
| Line | 2018 | 2019 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €922,640 | €457,722 | €661,815 | €810,148 | - |
| Fixed assets21/28 | €454,176 | €338,403 | €280,651 | €42,627 | - |
| Intangible fixed assets21 | €31,105 | €0 | - | - | - |
| Tangible fixed assets22/27 | €423,071 | €338,403 | €280,651 | €40,977 | - |
| Plant, machinery and equipment23 | - | - | - | €5,212 | - |
| Furniture and vehicles24 | - | - | - | €9,046 | - |
| Other tangible fixed assets26 | - | - | - | €26,720 | - |
| Financial fixed assets28 | - | - | - | €1,650 | - |
| Current assets29/58 | €468,464 | €119,319 | €381,164 | €767,521 | - |
| Stocks and contracts in progress3 | €190,176 | €52,555 | €14,108 | €510,911 | - |
| Stocks30/36 | - | - | - | €20,350 | - |
| Contracts in progress37 | - | - | - | €490,561 | - |
| Amounts receivable within one year40/41 | €204,414 | €52,581 | €311,337 | €216,274 | - |
| Trade receivables40 | - | - | - | €177,939 | - |
| Other amounts receivable41 | - | - | - | €38,335 | - |
| Cash at bank and in hand54/58 | €73,874 | €10,329 | €6,773 | €36,370 | - |
| Deferred charges and accrued income490/1 | - | - | - | €3,965 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €922,640 | €457,722 | €661,815 | €810,148 | - |
| Equity10/15 | -€814,398 | -€1.6m | -€3.3m | -€5.0m | - |
| Contributions10/11 | €1.4m | €2.0m | €2.2m | €2.2m | - |
| Capital10 | - | - | - | €2.2m | - |
| Issued capital100 | - | - | - | €2.2m | - |
| Profit (loss) carried forward14 | -€2.2m | -€3.6m | -€5.5m | -€7.3m | - |
| Amounts payable17/49 | €1.7m | €2.0m | €4.0m | €5.9m | - |
| Amounts payable after more than one year17 | €733,970 | €1.4m | €1.3m | €1.1m | - |
| Financial debts170/4 | - | - | - | €1.1m | - |
| Trade debts175 | - | - | - | €59,042 | - |
| Amounts payable within one year42/48 | €1.0m | €627,199 | €2.7m | €4.7m | - |
| Financial debts43 | - | - | - | €187,408 | - |
| Credit institutions430/8 | - | - | - | €187,408 | - |
| Trade debts44 | €514,219 | €268,771 | €363,565 | €585,214 | - |
| Suppliers440/4 | - | - | - | €585,214 | - |
| Taxes, remuneration and social security45 | - | - | - | €285,616 | - |
| Taxes450/3 | - | - | - | €91,396 | - |
| Remuneration and social security454/9 | - | - | - | €194,220 | - |
| Other amounts payable47/48 | - | - | - | €3.7m | - |
| Line | 2018 | 2019 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.3m | -€1.4m | -€1.9m | -€1.7m | - |
| + Depreciation and write-downs630 | €87,472 | €60,646 | €148,288 | €23,499 | - |
| Operating cash flow (approximation) | -€1.2m | -€1.4m | -€1.8m | -€1.7m | - |
| Investment in fixed assets (approximation) | - | €55,127 | - | - | - |
| Change in cash | - | -€63,545 | - | - | - |
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
2024
07-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 01-10-2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet -€1.9m
Net result drops to -€1.9m, the lowest in the series.
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 119 days late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
16-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 440 days late
2016
06-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
30-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
30-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
27-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Rumst · 1 establishment unit since 2006
Ground area
6.3 ha
Building footprint
502 m²
Volume, LiDAR
4,193 m³
Parcel 11037B0458/00V000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Buildsmart
since 20062.154.921.910
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11037B0458/00V000 | Flanders | 6.3 ha | 1 · 502 m² | 10.8 m · 3 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 | WILFRIED JORIS MARKTPLEIN 22, 2110 WIJNEGEM- |
01-10-2024 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 56 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 56 EUR | 0 EUR |
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Of 1,135 companies in sector 46130 we hold annual accounts for 646. 507 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
Founded02-05-2006
Fiscal year end30-06
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
Scores and ratios are computed by Checked and are not a credit decision.