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CAB-CONSTRUCT

In bankruptcy Public limited companyfounded 2002Nijverheidslaan 1500, 3660 OudsbergenKBO/BCE: BE 0476.560.208

Overview

Information for creditors

Enterprise Court of Antwerp, Tongeren division · Official Gazette of 18-06-2019
Appeal or third-party opposition 03-07-2019Filing the claim in RegSol 11-07-2019First verification report 23-07-2019Late claim 11-06-2020

Trustee: Elisabeth Vanbergen. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

10 annual accounts with figures on one time axis, 15 filings since 2002
Gross marginpeak €1.4m (2009)
€22,365▼ 81.5%
Resultlowest -€259,381 (2013)
-€212,270▼ €111,849
Equitypeak €294,610 (2010)
-€27,857▼ €212,269
Debts
€2.4m▼ 2.7%
Staffpeak 23.4 FTE (2008)
1.8 FTE▼ 40.0%
Owners
  
Documentsfilings and deeds
16-05-2017105 days late
2016abbreviated format
Gross margin from €121,152 to €22,365Loss of €212,270Staff from 3 FTE to 1.8 FTEEquity from €184,412 to -€27,857Cash from €25 to €3,032

Key points

from the 2016 annual accounts, the last ones filed

Equity

-€27,857 from €294,610 in 2010

Equity fell below zero in 2016.

Debts

€2.4m 101% of the balance sheet
Financial debts 77%Suppliers 13%Taxes and wages 3%Other 8%

Of this, €1.0m falls due within a year.

Filings

15 annual accounts since 2002
deadline200520102015

Ten of the last ten came late. The 2015 accounts came latest: 407 days after the end of the period.

No score

Recent changes

Change of trustee Enterprise Court of Antwerp, Tongeren division · Elisabeth Vanbergen · judgment of 09-07-2024 · Bankruptcy
Supervising judge replaced Enterprise Court of Antwerp, Tongeren division · judgment of 24-07-2023 · Bankruptcy
Bankruptcy published Enterprise Court of Antwerp, Tongeren division · judgment of 11-06-2019 · Bankruptcy
First establishment Nijverheidslaan 1500, Oudsbergen
All 24 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 11-06-2019
Activity
General construction of residential buildingsNACE 41001and 3 others
Establishment unit
2.096.243.6403660 Oudsbergen, since 01-08-2002
Financial year end
30 June
Peppol
Not found in the Peppol Directory
Company details

Annual accounts to 30-06-2016

Gross margin
€22,365▼ 81.5%
Turnover
≈ €280,000estimated
Loss
€212,270▲ 111%
Equity
-€27,857
Total assets
€2.4m▼ 10.6%
Staff
1.8 FTE▼ 40.0%
Filing
Filed on 16-05-2017
Financials

Insights on CAB-CONSTRUCT

Equity fell from €294,610 in 2010 to -€27,857 in 2016.

On 11 June 2019 the court declared CAB-CONSTRUCT bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2016

abbreviated format, filed on 16-05-2017, 105 days late
Gross margin
€22,365
▼ 81.5%
Operating result
-€203,040
▲ €86,849
EBITDA
-€3,243
▲ €78,954
Cash flow
-€12,473
▼ €119,744
Solvency
-1.2%
▼ 8.2 percentage points
Current ratio
1.06
▲ 0.02

Money flows

no detail for 2016

Balance sheet

balance sheet total €2.4m on 30-06-2016
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE€9,097

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 2.4m2.6m2.7m3.0m3.6m4.0m3.1m2.5m2.5m2.2m
Formation expenses20 56,59992,242124,30123,10530,806-----
Fixed assets21/28 -1.5m1.8m1.9m2.2m2.3m1.3m856,508766,572768,935
Intangible fixed assets21 -00--17182,04711,14411,433
Tangible fixed assets22/27 1.2m1.4m1.7m1.9m2.2m2.3m1.3m854,061755,028757,502
Land and buildings22 1.2m1.3m1.6m1.8m2.0m2.1m1.1m628,206665,667617,741
Plant, machinery and equipment23 1,94712,73435,77255,84691,212126,354116,281144,96419,43215,908
Furniture and vehicles24 -16,2042703,58337,56165,34097,48874,03059,637105,122
Other tangible fixed assets26 --0-------
Assets under construction and advance payments27 --0-------
Financial fixed assets28 478478400400400400400400400-
Current assets29/58 1.1m1.2m910,1761.1m1.4m1.7m1.8m1.7m1.7m1.5m
Trade receivables290 --0-------
Other amounts receivable291 --0-------
Stocks and contracts in progress3 74,12574,142203,240292,436490,837387,092294,03086,706364,068232,374
Stocks30/36 74,12574,142203,240202,268219,755-----
Contracts in progress37 --090,169271,082387,092294,03086,706364,068232,374
Amounts receivable within one year40/41 950,0031.1m680,016791,347814,8311.2m1.1m1.3m1.3m1.0m
Trade receivables40 855,4961.0m600,144757,078746,5101.1m1.0m1.1m1.0m837,468
Other amounts receivable41 94,50772,44479,87234,26968,32067,229125,754126,020225,249199,054
Current investments50/53 --0-------
Cash at bank and in hand54/58 3,0322518,34716291,66586,522398,770300,633103,225188,771
Deferred charges and accrued income490/1 81,1758,2728,5733,44920,9422,5628,26953537-
Balance sheet: equity and liabilities
Total equity and liabilities10/49 2.4m2.6m2.7m3.0m3.6m4.0m3.1m2.5m2.5m2.2m
Equity10/15 -27,857184,412284,833-124,880148,050150,690294,610249,040215,27185,494
Contributions10/11 -461,472461,47262,00062,00062,00062,00062,00062,00062,000
Capital10 461,472---------
Issued capital100 524,472524,472524,472125,000125,000125,000125,000125,000125,000125,000
Uncalled capital101 63,00063,00063,00063,00063,00063,00063,00063,00063,00063,000
Contributions outside capital11 --0-------
Share premium1100/10 --0-------
Revaluation surpluses12 --0-------
Reserves13 276,301276,300276,30072,50172,50173,205215,189187,040153,27123,494
Legal reserve130 12,50012,50012,50012,50012,50012,50012,50012,50012,50012,500
Own shares acquired1312 --0-------
Other1319 --0-------
Tax-exempt reserves132 203,800203,799203,799-------
Distributable reserves133 60,00160,00160,00160,00160,00160,705202,689174,540140,77110,994
Profit (loss) carried forward14 -765,630-553,360-452,939-259,381------
Investment grants15 --0-13,55015,48517,421---
Advance to shareholders on the distribution of net assets19 --0-------
Provisions for liabilities and charges160/5 --0-------
Deferred taxes168 --0-------
Amounts payable17/49 2.4m2.4m2.4m3.1m3.5m3.8m2.8m2.3m2.3m2.1m
Amounts payable after more than one year17 1.3m1.3m1.4m1.2m1.3m1.2m452,677523,281467,640538,967
Financial debts170/4 1.3m1.3m1.4m1.2m1.3m1.2m452,677523,281467,640538,967
Trade debts175 --0-------
Advances received on contracts in progress176 --0-------
Other amounts payable178/9 --0-------
Amounts payable within one year42/48 1.0m1.1m1.0m2.0m2.1m2.6m2.4m1.7m1.8m1.6m
Current portion of amounts payable after more than one year42 116,318116,31884,773190,151203,770192,877112,27583,02588,41085,098
Financial debts43 507,939472,305452,500629,850520,959551,780636,435346,659350,0001,684
Credit institutions430/8 507,939472,305452,500629,850520,959551,780636,435346,659350,0001,684
Other loans439 --0-------
Trade debts44 303,477365,732361,120424,774595,0741.1m1.5m852,5461.2m1.4m
Suppliers440/4 303,477365,732361,120424,774595,0741.1m1.5m852,5461.2m1.4m
Bills of exchange payable441 --0-------
Advances received on contracts in progress46 --0-------
Taxes, remuneration and social security45 67,307112,74893,002222,661272,869170,504132,473131,591131,11260,449
Taxes450/3 16514,7003,99522,71613,72525,29822,24823,46837,68420,193
Remuneration and social security454/9 67,14298,04889,007199,945259,144145,206110,226108,12393,42840,256
Other amounts payable47/48 52,73362,08632,126513,347508,482528,7518,453307,98271,53061,861
Accrued charges and deferred income492/3 16,4341,0493,8371,21923,20921,41218,97119,4443,37530,000
Income statement
Turnover70 -497,992966,377-------
Non-recurring operating income76A -287,510211,946150,92863,71710,3451,0001,25213,9876,134
Gross operating margin9900 22,365121,152379,710478,3961.0m1.0m1.1m1.4m1.3m791,093
Goods, raw materials, services and sundry goods60/61 -376,840586,666-------
Remuneration, social security and pensions62 16,37491,967242,069457,879650,192828,509768,503895,956957,198598,677
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 199,797207,692244,146225,097252,074278,904189,368140,061161,909146,323
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 -105,011-25,00092,500----11,435-11,435
Provisions for liabilities and charges: additions (uses and reversals)635/8 --0-------
Other operating charges640/8 9,2346,37116,91535,48118,98120,89512,06118,84623,4047,469
Operating charges capitalised as restructuring costs649 --0-------
Non-recurring operating charges66A -007510,0752,56215,77168014,1252,443
Operating profit (loss)9901 -203,040-289,889-98,419-332,56182,326-101,17893,866361,940162,54927,188
Financial income75/76B -3,9266,29247,3658,95217,3389,22820,65368,4115,527
Recurring financial income75 2883,9266,29247,3658,95217,3389,22820,65368,4115,527
Financial charges65/66B -101,969109,577125,038141,64765,92858,53268,59656,63720,204
Recurring financial charges65 23,312101,969109,577125,038141,64765,92858,53268,59656,63720,204
Profit (loss) for the period before taxes9903 -212,270-100,42110,241-259,3813,273-141,98429,791314,569174,18516,202
Income taxes67/77 -00-3,977-1,64230,80056,4887,179
Profit (loss) for the period9904 -212,270-100,42110,241-259,381-704-141,98428,149283,769117,6989,023
Transfer from tax-exempt reserves789 -00-------
Transfer to tax-exempt reserves689 -0203,799-------
Profit (loss) for the period to be appropriated9905 -212,270-100,421-193,558-259,381-704-141,98428,149283,769117,6989,023
Appropriation of the result
Profit (loss) to be appropriated9906 -765,630-553,360-452,939-259,381-704-141,98428,149283,769117,6989,023
Profit (loss) brought forward from the previous period14P -553,360---------
Transfer from equity791/2 ----704141,984----
Transfer to equity691/2 ------28,14933,769117,6989,023
To other reserves6921 ------28,14933,769117,6989,023
Profit to be distributed694/7 -------250,000--
Directors or managers695 -------250,000--
Social balance sheet
Average staff (FTE)9087 1.837.48.819.420.71923.323.416.3
Hours worked1013 -2,3417,8408,68949,57628,14225,86832,40135,08624,555
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 5 older financial years (2002-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 26 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 2016 (PDF), filed on 16-05-2017.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2016 annual accounts filed 105 days after the deadline. Filed on 16 May 2017, deadline 31 January 2017 (7 months after the close on 30 June 2016, Companies Code art. 3:10). Source: NBB, 2017-12300414.

Financial year Type Filed Reference Document
30-06-2016 abbreviated format 16-05-2017 2017-12300414 PDF
30-06-2015 abbreviated format 13-03-2017 2017-06200590 PDF
30-06-2014 abbreviated format 09-04-2015 2015-09500395 PDF
30-06-2013 abbreviated format 20-02-2014 2014-04200408 PDF
30-06-2012 abbreviated format 13-02-2013 2013-03300017 PDF
30-06-2011 abbreviated format 14-02-2012 2012-03100257 PDF
30-06-2010 abbreviated format 01-02-2011 2011-02300324 PDF
30-06-2009 abbreviated format 10-02-2010 2010-03900046 PDF
30-06-2008 abbreviated format 17-02-2009 2009-04600312 PDF
30-06-2007 abbreviated format 13-02-2008 2008-04200235 PDF
30-06-2006 abbreviated format 23-01-2007 2007-02301745 PDF
30-06-2005 abbreviated format 31-01-2006 2006-04000804 PDF
30-06-2004 abbreviated format 26-01-2005 2005-03001859 PDF
30-06-2003 abbreviated format 03-02-2004 2004-03801087 PDF
30-06-2002 abbreviated format 11-02-2003 2003-04300362 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2016201520142013201220112010200920082007
EBITDA -3,243-82,197145,726-107,464334,400177,727283,234502,000324,458173,511
Cash flow -12,473107,271254,387-34,285251,370136,920217,517423,830279,606155,346
Investment in fixed assets (approximation) -12,0561,0122,7556,585129,4521.3m621,233261,046161,520619,300
Change in cash 3,007-18,32218,185-91,5035,144-312,24998,137197,408-85,545-
Working capital 60,56145,592-113,345-893,388-682,879-940,588-522,116-64,744-80,287-114,474
EBIT margin --58.2%-10.2%-------
Solvency -1.2%7.0%10.5%-4.1%4.1%3.8%9.5%9.9%8.6%3.8%
Current ratio 1.061.040.890.550.670.640.780.960.960.93
Quick ratio 0.990.970.690.400.440.490.650.910.760.78
Debt to equity -13.278.53-23.3425.459.589.0910.6325.04
ROE --54.5%3.6%--0.5%-94.2%9.6%113.9%54.7%10.6%
ROA -9.0%-3.8%0.4%-8.6%0.0%-3.6%0.9%11.3%4.7%0.4%
Interest coverage -0.14---------
Customer credit -748 days227 days-------
Supplier credit -354 days225 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.

Insights on CAB-CONSTRUCT

The operating result for 2016 is a loss of €203,040, smaller than the loss of €289,889 in 2015.

Equity is negative. Debt (€2.4m) exceeds the balance-sheet total (€2.4m).

Board & ownership

Curators

the curators have managed the company since 11-06-2019
Curator, Romboutstraat 8C, 3740 Bilzen
since 09-07-2024
Also on 133 other cases
Curator, Grotestraat 122, 3600 Genk
Also on 77 other cases

Control

Shareholder in 2014
75%
This company
CAB-CONSTRUCT
Equity -€27,857
Loss €212,270 in 2016

Capital

Capital
€461,472
Source
2016 annual accounts

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Office holders in the KBO →

Network & group

No group

CAB-CONSTRUCT has no parent and no holdings in its annual accounts.

At the same address

Nijverheidslaan 1500, 3660 Oudsbergen · 1 other company
Laser Cladding Venture
registered office since 03-09-2015 · founded in 2015
7 FTE (2025)
0636.737.791

Timeline

Timeline

24 events since 2002
2024
Change of trustee Enterprise Court of Antwerp, Tongeren division · Elisabeth Vanbergen · judgment of 09-07-2024
2023
Supervising judge replaced Enterprise Court of Antwerp, Tongeren division · judgment of 24-07-2023
2019
Bankruptcy published Enterprise Court of Antwerp, Tongeren division · judgment of 11-06-2019
2017
Annual accounts 2016 filed PDFabbreviated format · 105 days late
Annual accounts 2015 filed PDFabbreviated format · 407 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 68 days late
2014
Back to profit net €10,241 The net result is €10,241, after 3 loss-making years.
Annual accounts 2013 filed PDFabbreviated format · 20 days late
2013
Weakest financial year net -€259,381 The net result drops to -€259,381, the lowest from 2007 to 2016.
Annual accounts 2012 filed PDFabbreviated format · 13 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 14 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 1 day late
2010
Annual accounts 2009 filed PDFabbreviated format · 10 days late
2009
Highest result from 2007 to 2016 net €283,769 ▲141% The operating result of €361,940 and the net result of €283,769 are both a record.
Annual accounts 2008 filed PDFabbreviated format · 17 days late
2008
Equity above €200,000 equity €215,271 ▲152% With a profit in every financial year since 2007, equity grows to €215,271.
Annual accounts 2007 filed PDFabbreviated format · 13 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 8 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
First establishment Nijverheidslaan 1500, Oudsbergen
Incorporation 19 publications in the Belgian Official Gazette, the last on 18-06-2019 · published on 19-01-2002

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 7 January 2002, CAB-CONSTRUCT was incorporated.1 Total assets went from €3.6m in 2012 to €2.4m in 2016 and headcount from 19.4 to 1.8 full-time equivalents.2 The company was declared bankrupt on 11 June 2019.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2012 and 2016
  3. 3Belgian Official Gazette, 18-06-2019

Company details

Identity

Enterprise number
0476.560.208
VAT number
BE 0476.560.208
Legal form
Public limited company
Status
In bankruptcy, since 11-06-2019
Founded
07-01-2002
Financial year
ends on 30 June
Peppol
Not found in the Peppol Directory
Name
CAB-CONSTRUCT in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
41001 General construction of residential buildings main activity
25110 Manufacture of metal structures and parts of structures
43230 Insulation installation
43320 Joinery installation
Codes under NACEBEL 2008
41201 General construction of buildings main activity
25110 Manufacture of metal structures and parts of structures
43291 Specialised construction activities
43320 Joinery installation
Codes under NACEBEL 2003
45211 main activity
28110
45320
45422

Registered office and establishments

1 establishment
Establishment Since Unit number
Nijverheidslaan 1500 registered office 3660 Oudsbergen 2511001 Manufacture of metal structures and parts of structures 01-08-2002 2.096.243.640

Buildings and parcels at the address

Ground area
6,972 m²
Buildings
4,278 m²
Volume, LiDAR
37,878 m³
Tallest building
10.4 m
Buildings to scale, each on its own parcel
4,278 m², 10.4 m 4,278 m², 10.4 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
71562B0913/00G0086,972 m² 1 · 4,278 m² 10.4 m · 3