CIS CONSTRUCT
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
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.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 27 January 2020
- Supervising judge
- Brigitte Serneels
- Official Gazette
- 03-02-2020 (pdf) ↗search the document for 2020/104493
Deadlines
- Appeal or third-party opposition until
- passed on 18 February 2020Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 26 February 2020art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 9 March 2020Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 27 January 2021A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Stephanie BastienPlace Riva Bella 12, 1420 Braine-L’Alleuds.bastien@delvoye-avocats.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
Follow
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
General construction of other non-residential buildings
NACE 41003
1 site
Size
€116,631total assets 2017
- Equity
- €81,654
- Profit
- €52,577
Financial health
Open bankruptcy: no score
Structure
0 of 7 deeds read
Signalsraises riskOpen bankruptcyAdministrative warnings in the KBO publicationsneutralFiled after the deadlineShow the evidence
Signals
Three signals.
raises riskneutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 28-09-2018, 59 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2018
not filed
2017
59 days late
2016
35 days early
2015
31 days late
2014
20 days late
2013
153 days late
2010
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 days after the deadline; the sector median (NACE 41) for financial year 2018 is 1 day before the deadline, and 45% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
- Address struckKBO administration
- Supervising judge replacedEnterprise Court of Walloon Brabant…
- OpeningEnterprise Court of Walloon Brabant…
Financials · financial year 2017, micro format
2017 annual accounts filed late (59 days) Filed on 28 September 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-67500387.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€52,577▲ 281%
2016 · €13,817
Working capital
€74,935▲ 159%
2016 · €28,911
Trend over the years
2013 to 2017, 5 financial years 2013 to 2017, 5 financial years
The operating result recovers in 2017; 2017 is 322% above 2016 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€72,005
2017
Net result€52,577
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€116,631
2017
Equity€81,654
2017
Debt€34,977
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€74,935
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result-€9,911--€355▲ 96.4%€30,327€17,071▼ 43.7%€72,005▲ 322%
Net result-€9,911--€355▲ 96.4%€24,769€13,817▼ 44.2%€52,577▲ 281%
Equity-€7,155--€7,509▼ 5.0%€17,259€31,077▲ 80.1%€81,654▲ 163%
Total assets€57€23,854▲ 41,662%€60,866▲ 155%€116,631▲ 91.6%
Debt€7,155-€7,566▲ 5.8%€6,595▼ 12.8%€29,789▲ 352%€34,977▲ 17.4%
Working capital-€7,509€16,483€28,911▲ 75.4%€74,935▲ 159%
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €116,631
Fixed assets
€6,719 ▼ 32.6%
Current assets
€109,911 ▲ 116%
Equity and liabilities €116,631
Equity
€81,654 ▲ 163%
Debt
€34,977 ▲ 17.4%
Debt's share of the balance-sheet total falls from 48.9% to 30.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76,514▲
2016 · €21,770
Cash flow
€57,087▲
2016 · €18,517
Current ratio
3.14▲
2016 · 2.31
ROE
64.4%▲
2016 · 44.5%
ROA
45.1%▲
2016 · 22.7%
Debt ≤ 1 year
€34,977▲
2016 · €21,989
Income taxes
€24,866▲
2016 · €5,774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €194 | €4,699 | €4,509 | ▼ 4.0% |
| Gross operating margin9900 | - | -€355 | €31,050 | €25,489 | €80,539 | ▲ 216% |
| Operating profit (loss)9901 | -€9,911 | -€355 | €30,327 | €17,071 | €72,005 | ▲ 322% |
| Recurring financial income75 | - | - | €781 | €2,705 | €5,559 | ▲ 106% |
| Recurring financial charges65 | - | - | €94 | €185 | €120 | ▼ 34.8% |
| Profit (loss) for the period before taxes9903 | -€9,911 | -€355 | €31,014 | €19,591 | €77,444 | ▲ 295% |
| Income taxes67/77 | - | - | €6,246 | €5,774 | €24,866 | ▲ 331% |
| Profit (loss) for the period9904 | -€9,911 | -€355 | €24,769 | €13,817 | €52,577 | ▲ 281% |
| Profit (loss) for the period to be appropriated9905 | -€9,911 | -€355 | €24,769 | €13,817 | €52,577 | ▲ 281% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | €57 | €23,854 | €60,866 | €116,631 | ▲ 91.6% |
| Fixed assets21/28 | - | - | €776 | €9,966 | €6,719 | ▼ 32.6% |
| Tangible fixed assets22/27 | - | - | €776 | €9,966 | €6,719 | ▼ 32.6% |
| Current assets29/58 | - | €57 | €23,078 | €50,900 | €109,911 | ▲ 116% |
| Amounts receivable within one year40/41 | - | €57 | €21,777 | €49,531 | €108,146 | ▲ 118% |
| Cash at bank and in hand54/58 | - | - | €1,301 | €1,369 | €1,765 | ▲ 29.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | - | €57 | €23,854 | €60,866 | €116,631 | ▲ 91.6% |
| Equity10/15 | -€7,155 | -€7,509 | €17,259 | €31,077 | €81,654 | ▲ 163% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€13,355 | -€13,709 | €9,199 | €23,017 | €73,594 | ▲ 220% |
| Amounts payable17/49 | €7,155 | €7,566 | €6,595 | €29,789 | €34,977 | ▲ 17.4% |
| Amounts payable within one year42/48 | €7,155 | €7,566 | €6,595 | €21,989 | €34,977 | ▲ 59.1% |
| Trade debts44 | - | €412 | €83 | €9,232 | €5,165 | ▼ 44.1% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,911 | -€355 | €24,769 | €13,817 | €52,577 | ▲ 281% |
| + Depreciation and write-downs630 | - | - | €194 | €4,699 | €4,509 | ▼ 4.0% |
| Operating cash flow (approximation) | -€9,911 | -€355 | €24,963 | €18,517 | €57,087 | ▲ 208% |
| Investment in fixed assets (approximation) | - | - | - | -€13,889 | -€1,263 | ▲ 90.9% |
| Change in cash | - | - | - | €67 | €397 | ▲ 492% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2017 | micro format | 28-09-2018 | 2018-67500387 |
| 31-12-2016 | full format | 26-06-2017 | 2017-24800113 |
| 31-12-2015 | full format | 31-08-2016 | 2016-56800478 |
| 31-12-2014 | full format | 20-08-2015 | 2015-45100008 |
| 31-12-2013 | full format | 31-12-2014 | 2014-71400129 |
| 31-12-2010 | full format | 30-09-2011 | 2011-56900460 |
| 31-12-2009 | full format | 17-06-2011 | 2011-17700221 |
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Of the 2,410 active companies whose main activity is general construction of other non-residential buildings (NACE 41003), figures are known for 1,070. 740 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 7 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Stephanie Bastien Place Riva Bella 12, 1420 Braine-L’Alleud |
27-01-2020 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
20-06
KBO administration
Address struck
2023
09-06
Bankruptcy
Supervising judge replaced
Enterprise Court of Walloon Brabant · judgment of 05-06-2023
2020
03-02
Bankruptcy
Opening
Enterprise Court of Walloon Brabant · judgment of 27-01-2020
2018
28-09
NBB filing
Annual accounts filed
financial year 2017 · micro format · 59 days late
2017
31-12
Financial
Highest result from 2013 to 2017net €52,577 ▲281%
Operating result €72,005, net result €52,577, both a record.
26-06
NBB filing
Annual accounts filed
financial year 2016 · full format
2016
31-08
NBB filing
Annual accounts filed
financial year 2015 · full format · 31 days late
2015
31-12
Financial
Back to profitnet €24,769
Net result €24,769 after 2 loss-making years.
31-12
Financial
Liquidity more than 463 timescurrent ratio 3.50
Current ratio from 0.01 to 3.50; short-term debt falls from €7,566 to €6,595.
20-08
NBB filing
Annual accounts filed
financial year 2014 · full format · 20 days late
2014
31-12
NBB filing
Annual accounts filed
financial year 2013 · full format · 153 days late
2011
30-09
NBB filing
Annual accounts filed
financial year 2010 · full format · 61 days late
17-06
NBB filing
Annual accounts filed
financial year 2009 · full format · 321 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 7 deeds read
About the unread acts
We know of 7 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded31-03-2008
Financial year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2009
Ground area
2,207 m²
Building footprint
360 m²
Building volume
1,061 m³
2 parcels, Brussels, Wallonia · tallest building 13.7 m. Linked by address, not a title deed.
1 establishment unit
CIS CONSTRUCT
since 2009unit no. 2.183.079.822
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25055C0308/00C003 | Wallonia | 1,756 m² | 1 · 250 m² | - |
| 21002A0141/00M005 | Brussels | 451 m² | 1 · 109 m² | 13.7 m · 4 |
How the parcels are linked
Good to know
Both parcels match the address exactly.