C&M CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for C&M CONSTRUCT according to publications in the Belgian State Gazette; curator: SYLVIE FOULON.
Summary
The 2024 annual accounts show equity of €140,770 and a net result of €17,601.
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 Ghent, Kortrijk division
- Declared bankrupt
- 19 June 2025
- Supervising judge
- Johan Veys
- Official Gazette
- 25-06-2025 (pdf) ↗search the document for 2025/127528
Curator
- Sylvie FoulonBornstraat 44, 8800 Roeselareinfo@lauwersadvocaten.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 · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 04-02-2025, 4 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 · 8 filingsDeviation from the deadline
2025
not filed
2024
4 d late
2023
7 d late
2022
on the day
2021
3 d early
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 1 day after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€240,042▲ 10.6%
2020 · €217,045
EBIT margin
12.6%▼ 1.4pp
2020 · 14.0%
Net result
€17,601▲ 10.9%
2023 · €15,873
Working capital
€167,665▲ 4.5%
2023 · €160,520
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
Line20202021202220232024
Turnover€217,045▲ 0.8%€240,042▲ 10.6%
Operating result€30,440▲ 33.4%€30,358▼ 0.3%€24,821▼ 18.2%€45,790▲ 84.5%€32,845▼ 28.3%
Net result€20,191▲ 23.4%€21,617▲ 7.1%€15,602▼ 27.8%€15,873▲ 1.7%€17,601▲ 10.9%
EBIT margin14.0%▲ 3.4pp12.6%▼ 1.4pp
Equity€70,078▲ 40.5%€91,695▲ 30.8%€107,297▲ 17.0%€123,170▲ 14.8%€140,770▲ 14.3%
Total assets€145,652▼ 8.2%€160,969▲ 10.5%€199,927▲ 24.2%€245,134▲ 22.6%€218,774▼ 10.8%
Debt€60,575▼ 35.3%€54,274▼ 10.4%€77,630▲ 43.0%€106,964▲ 37.8%€63,003▼ 41.1%
Working capital€97,159▲ 364%€121,713▲ 25.3%€132,241▲ 8.6%€160,520▲ 21.4%€167,665▲ 4.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €218,774
Fixed assets
€10,374 ▼ 29.1%
Current assets
€208,400 ▼ 9.6%
Equity and liabilities €218,774
Equity
€140,770 ▲ 14.3%
Provisions
€15,000 =
Debt
€63,003 ▼ 41.1%
Debt's share of the balance-sheet total falls from 43.6% to 28.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,344▼
2023 · €58,196
Cash flow
€23,100▼
2023 · €28,278
Current ratio
5.12▲
2023 · 3.29
Debt to equity
0.45▼
2023 · 0.87
ROE
12.5%▼
2023 · 12.9%
ROA
8.0%▲
2023 · 6.5%
Interest coverage
8.08▲
2023 · 2.37
Debt ≤ 1 year
€40,735▼
2023 · €69,988
Debt > 1 year
€22,269▼
2023 · €36,976
Income taxes
€10,499▲
2023 · €5,363
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €217,045 | €240,042 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €59 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,137 | €12,137 | €12,406 | €12,406 | €5,499 | ▼ 55.7% |
| Other operating charges640/8 | - | - | €2,461 | €2,123 | €2,408 | ▲ 13.4% |
| Gross operating margin9900 | €42,757 | €42,677 | €39,688 | €60,378 | €40,753 | ▼ 32.5% |
| Operating profit (loss)9901 | €30,440 | €30,358 | €24,821 | €45,790 | €32,845 | ▼ 28.3% |
| Financial charges65/66B | - | - | €1,644 | €24,554 | €4,746 | ▼ 80.7% |
| Recurring financial charges65 | €4,694 | €1,642 | €1,644 | €24,554 | €4,746 | ▼ 80.7% |
| Profit (loss) for the period before taxes9903 | €25,746 | €28,715 | €23,178 | €21,236 | €28,099 | ▲ 32.3% |
| Income taxes67/77 | €5,555 | €7,098 | €7,575 | €5,363 | €10,499 | ▲ 95.8% |
| Profit (loss) for the period9904 | €20,191 | €21,617 | €15,602 | €15,873 | €17,601 | ▲ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €20,191 | €21,617 | €15,602 | €15,873 | €17,601 | ▲ 10.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145,652 | €160,969 | €199,927 | €245,134 | €218,774 | ▼ 10.8% |
| Fixed assets21/28 | €31,804 | €19,667 | €27,031 | €14,626 | €10,374 | ▼ 29.1% |
| Tangible fixed assets22/27 | €31,804 | €19,667 | €27,031 | €14,626 | €10,374 | ▼ 29.1% |
| Furniture and vehicles24 | - | - | €27,031 | €14,626 | €10,374 | ▼ 29.1% |
| Current assets29/58 | €113,848 | €141,301 | €172,896 | €230,508 | €208,400 | ▼ 9.6% |
| Amounts receivable within one year40/41 | €113,822 | €141,017 | €172,828 | €228,966 | €208,337 | ▼ 9.0% |
| Trade receivables40 | - | - | €36,630 | €32,275 | €15,980 | ▼ 50.5% |
| Other amounts receivable41 | - | - | €136,199 | €196,691 | €192,357 | ▼ 2.2% |
| Cash at bank and in hand54/58 | €26 | €285 | €67 | €1,542 | €62 | ▼ 96.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145,652 | €160,969 | €199,927 | €245,134 | €218,774 | ▼ 10.8% |
| Equity10/15 | €70,078 | €91,695 | €107,297 | €123,170 | €140,770 | ▲ 14.3% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €62,018 | €83,635 | €99,237 | €115,110 | €132,710 | ▲ 15.3% |
| Provisions and deferred taxes16 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €15,000 | €15,000 | €15,000 | = |
| Environmental obligations163 | - | - | €15,000 | €15,000 | €15,000 | = |
| Amounts payable17/49 | €60,575 | €54,274 | €77,630 | €106,964 | €63,003 | ▼ 41.1% |
| Amounts payable after more than one year17 | €43,885 | €34,685 | €36,976 | €36,976 | €22,269 | ▼ 39.8% |
| Financial debts170/4 | - | - | €36,976 | €36,976 | €22,269 | ▼ 39.8% |
| Amounts payable within one year42/48 | €16,689 | €19,588 | €40,654 | €69,988 | €40,735 | ▼ 41.8% |
| Current portion of amounts payable after more than one year42 | - | - | €17,339 | €7,412 | €14,539 | ▲ 96.2% |
| Financial debts43 | - | - | - | - | €4,543 | - |
| Credit institutions430/8 | - | - | - | - | €4,543 | - |
| Trade debts44 | €5,725 | €13,195 | €16,348 | €51,777 | €4,256 | ▼ 91.8% |
| Suppliers440/4 | - | - | €15,878 | €51,363 | €2,801 | ▼ 94.5% |
| Bills of exchange payable441 | - | - | €470 | €414 | €1,455 | ▲ 252% |
| Taxes, remuneration and social security45 | - | - | €6,967 | €10,800 | €17,396 | ▲ 61.1% |
| Taxes450/3 | - | - | €6,967 | €10,800 | €17,396 | ▲ 61.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,191 | €21,617 | €15,602 | €15,873 | €17,601 | ▲ 10.9% |
| + Depreciation and write-downs630 | €12,137 | €12,137 | €12,406 | €12,406 | €5,499 | ▼ 55.7% |
| Operating cash flow (approximation) | €32,328 | €33,754 | €28,008 | €28,278 | €23,100 | ▼ 18.3% |
| Investment in fixed assets (approximation) | - | €0 | -€19,770 | €0 | -€1,248 | - |
| Change in cash | - | €259 | -€217 | €1,475 | -€1,480 | ▼ 200% |
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
2025
25-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 19-06-2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €15,602 ▼27.8%
Net result drops to €15,602, the lowest in the series.
30-06
Financial
Equity above €100,000Eq €107,297 ▲17%
4 profitable years in a row build equity to €107,297.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €21,617 ▲7.1%
Net result €21,617, the highest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Liquidity times 6current ratio 6.82
Current ratio from 1.22 to 6.82; short-term debt falls from €93,693 to €16,689.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Izegem · 1 establishment unit since 2016
Ground area
484 m²
Building footprint
118 m²
Volume, LiDAR
433 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
C&M CONSTRUCT
since 20162.253.537.751
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36009A0389/00Z004 | Flanders | 282 m² | 1 · 67 m² | 7.7 m · 2 fl. |
| 36009A0447/00D002 | Flanders | 202 m² | 1 · 51 m² | 3.8 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | SYLVIE FOULON BORNSTRAAT 44, 8800 ROESELARE- |
19-06-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-01-2016
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.