CN Construct BVBA
Open bankruptcyA bankruptcy procedure is open for CN Construct BVBA according to publications in the Belgian State Gazette; curator: KATIE COPPENS.
Summary
The 2023 annual accounts show negative equity (€-33k) and a net result of €135k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-33k▲ 80.1%
2022 · €-167k
2018: €188khighest in 6 years
2019: €63k▼ -66.3% vs 2018
2020: €-99k▼ -257% vs 2019
2021: €-318▲ +99.7% vs 2020
2022: €-167k▼ -52436% vs 2021lowest in 6 years
2023: €-33k▲ +80.1% vs 2022
2018 → 2023
Total assets
€223k▼ 38.5%
2022 · €362k
2018: €644khighest in 6 years
2019: €498k▼ -22.7% vs 2018
2020: €451k▼ -9.5% vs 2019
2021: €327k▼ -27.4% vs 2020
2022: €362k▲ +10.6% vs 2021
2023: €223k▼ -38.5% vs 2022lowest in 6 years
2018 → 2023
Net result
€135k
2022 · €-167k
2018: €41k
2019: €-125k▼ -406% vs 2018
2020: €-163k▼ -30.4% vs 2019
2021: €99k▲ +161% vs 2020
2022: €-167k▼ -268% vs 2021lowest in 6 years
2023: €135k▲ +181% vs 2022highest in 6 years
2018 → 2023
Working capital
€-34k▲ 88.5%
2022 · €-293k
2018: €67khighest in 6 years
2019: €-74k▼ -211% vs 2018
2020: €-272k▼ -266% vs 2019
2021: €-137k▲ +49.7% vs 2020
2022: €-293k▼ -114% vs 2021lowest in 6 years
2023: €-34k▲ +88.5% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€63k-€-99k€-318▲ 99.7%€-167k▼ 52,436%€-33k▲ 80.1%
2019: €63khighest in 5 years
2020: €-99k▼ -257% vs 2019
2021: €-318▲ +99.7% vs 2020
2022: €-167k▼ -52436% vs 2021lowest in 5 years
2023: €-33k▲ +80.1% vs 2022
Operating result€-112k-€-148k▼ 32.4%€115k€-152k€144k
2019: €-112k
2020: €-148k▼ -32.4% vs 2019
2021: €115k▲ +178% vs 2020
2022: €-152k▼ -233% vs 2021lowest in 5 years
2023: €144k▲ +195% vs 2022highest in 5 years
Net result€-125k-€-163k▼ 30.4%€99k€-167k€135k
2019: €-125k
2020: €-163k▼ -30.4% vs 2019
2021: €99k▲ +161% vs 2020
2022: €-167k▼ -268% vs 2021lowest in 5 years
2023: €135k▲ +181% vs 2022highest in 5 years
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 returns to profit in 2023: €144k after a loss of €152k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €223k
Fixed assets
€390 ▼ 99.8%
Current assets
€222k ▲ 22.8%
Key figures and ratios
EBITDA
€147k▲
2022 · €-138k
Cash flow
€137k▲
2022 · €-152k
Solvency
-14.9%▲
2022 · -46.2%
Current ratio
0.87▲
2022 · 0.38
Debt to equity
-7.70▼
2022 · -3.17
ROA
60.5%▲
2022 · -46.1%
Interest coverage
15.69▲
2022 · -9.99
Debt
€256k▼
2022 · €529k
Debt ≤ 1 year
€256k▼
2022 · €474k
Debt > 1 year
€0▼
2022 · €55k
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 · 2023 against 2022 · 51 lines
Balance sheet
Code20222023
Assets
Total assets20/58€362k€223k▼
Fixed assets21/28€181k€390▼
Tangible fixed assets22/27€180k€0▼
Land and buildings22€180k-
Furniture and vehicles24-€0
Financial fixed assets28€390€390=
Current assets29/58€181k€222k▲
Amounts receivable within one year40/41€169k€179k▲
Trade receivables40€115k€125k▲
Other amounts receivable41€54k€54k=
Cash at bank and in hand54/58€11k€42k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€362k€223k▼
Equity10/15€-167k€-33k▲
Contributions10/11€13k€13k▲
Capital10€13k-
Issued capital100€19k-
Uncalled capital101€6k-
Reserves13€2k-
Non-distributable reserves130/1€2k-
Legal reserve130€2k-
Profit (loss) carried forward14€-181k€-47k▲
Amounts payable17/49€529k€256k▼
Amounts payable after more than one year17€55k€0▼
Financial debts170/4€55k€0▼
Amounts payable within one year42/48€474k€256k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€236k€0▼
Credit institutions430/8€236k€0▼
Trade debts44€81k€72k▼
Suppliers440/4€81k€72k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€154k€181k▲
Income statement
Code20222023
Non-recurring operating income76A€124k€163k▲
Remuneration, social security and pensions62€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€3k▼
Other operating charges640/8€5k€1k▼
Non-recurring operating charges66A€10k-
Gross operating margin9900€-119k€148k▲
Operating profit (loss)9901€-152k€144k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€14k€9k▼
Recurring financial charges65€14k€9k▼
Profit (loss) for the period before taxes9903€-166k€135k▲
Income taxes67/77€593-
Profit (loss) for the period9904€-167k€135k▲
Profit (loss) for the period to be appropriated9905€-167k€135k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-181k€-47k▲
Profit (loss) brought forward from the previous period14P€-15k€-181k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €94k | €124k | €163k | ▲ 31.3% |
| Remuneration, social security and pensions62 | - | - | €610 | €3k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €36k | €54k | €14k | €3k | ▼ 80.9% |
| Other operating charges640/8 | - | - | €2k | €5k | €1k | ▼ 77.0% |
| Non-recurring operating charges66A | - | - | - | €10k | - | - |
| Gross operating margin9900 | €357k | €68k | €170k | €-119k | €148k | ▲ 224% |
| Operating profit (loss)9901 | €-112k | €-148k | €115k | €-152k | €144k | ▲ 195% |
| Financial income75/76B | - | - | €211 | €0 | - | - |
| Recurring financial income75 | €162 | €55 | €211 | €0 | - | - |
| Financial charges65/66B | - | - | €16k | €14k | €9k | ▼ 32.2% |
| Recurring financial charges65 | €14k | €15k | €16k | €14k | €9k | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €-125k | €-163k | €99k | €-166k | €135k | ▲ 181% |
| Income taxes67/77 | - | €90 | €0 | €593 | - | - |
| Profit (loss) for the period9904 | €-125k | €-163k | €99k | €-167k | €135k | ▲ 181% |
| Profit (loss) for the period to be appropriated9905 | €-125k | €-163k | €99k | €-167k | €135k | ▲ 181% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €498k | €451k | €327k | €362k | €223k | ▼ 38.5% |
| Fixed assets21/28 | €219k | €249k | €195k | €181k | €390 | ▼ 99.8% |
| Tangible fixed assets22/27 | €219k | €248k | €195k | €180k | €0 | ▼ 100% |
| Land and buildings22 | - | - | €195k | €180k | - | - |
| Furniture and vehicles24 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €390 | €390 | €390 | €390 | €390 | = |
| Current assets29/58 | €279k | €202k | €132k | €181k | €222k | ▲ 22.8% |
| Amounts receivable within one year40/41 | €277k | €180k | €120k | €169k | €179k | ▲ 5.9% |
| Trade receivables40 | - | - | €113k | €115k | €125k | ▲ 8.7% |
| Other amounts receivable41 | - | - | €7k | €54k | €54k | = |
| Cash at bank and in hand54/58 | €1k | €15k | €11k | €11k | €42k | ▲ 296% |
| Deferred charges and accrued income490/1 | - | - | €2k | €2k | €1k | ▼ 27.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €498k | €451k | €327k | €362k | €223k | ▼ 38.5% |
| Equity10/15 | €63k | €-99k | €-318 | €-167k | €-33k | ▲ 80.1% |
| Contributions10/11 | €13k | €13k | €13k | €13k | €13k | ▲ 6.8% |
| Capital10 | - | - | €13k | €13k | - | - |
| Issued capital100 | - | - | €19k | €19k | - | - |
| Uncalled capital101 | - | - | €6k | €6k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | - | - |
| Non-distributable reserves130/1 | - | - | €2k | €2k | - | - |
| Legal reserve130 | - | - | €2k | €2k | - | - |
| Profit (loss) carried forward14 | €49k | €-114k | €-15k | €-181k | €-47k | ▲ 74.3% |
| Amounts payable17/49 | €434k | €550k | €327k | €529k | €256k | ▼ 51.6% |
| Amounts payable after more than one year17 | €81k | €76k | €58k | €55k | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €58k | €55k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €353k | €474k | €269k | €474k | €256k | ▼ 46.0% |
| Current portion of amounts payable after more than one year42 | - | - | €23k | €0 | - | - |
| Financial debts43 | - | - | €135k | €236k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €135k | €236k | €0 | ▼ 100% |
| Trade debts44 | €144k | €155k | €6k | €81k | €72k | ▼ 10.5% |
| Suppliers440/4 | - | - | €6k | €81k | €72k | ▼ 10.5% |
| Taxes, remuneration and social security45 | - | - | €3k | €3k | €2k | ▼ 22.3% |
| Taxes450/3 | - | - | €3k | €3k | €2k | ▼ 22.3% |
| Other amounts payable47/48 | - | - | €103k | €154k | €181k | ▲ 17.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-125k | €-163k | €99k | €-167k | €135k | ▲ 181% |
| + Depreciation and write-downs630 | €16k | €36k | €54k | €14k | €3k | ▼ 80.9% |
| Operating cash flow (approximation) | €-109k | €-127k | €153k | €-152k | €137k | ▲ 190% |
| Investment in fixed assets (approximation) | - | €-66k | €0 | €0 | €178k | - |
| Change in cash | - | €14k | €-5k | €-20 | €32k | ▲ 158,187% |
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
21-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 13-11-2025
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 423 days late
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 766 days late
2023
31-12
Financial
Back to profitnet €135k
Net result €135k after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-167k
Net result drops to €-167k, the lowest in the series.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
31-12
Financial
Back to profitnet €99k
Net result €99k after 2 loss-making years.
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 150 days late
2020
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 113 days late
2019
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 36 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
15-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
2016
20-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 81 days late
2015
16-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 47 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Geraardsbergen · 1 establishment unit since 2008
Ground area
659 m²
Building footprint
244 m²
Volume, LiDAR
1,076 m³
Parcel 41031A0607/00D000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CN CONSTRUCT
since 20082.167.814.297
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41031A0607/00D000 | Flanders | 658 m² | 1 · 244 m² | 8.2 m · 1 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 | KATIE COPPENS EINESTRAAT 34, 9700 OUDENAARDE- |
13-11-2025 → present |
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 694 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 (pre-2019)
Founded03-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
Contact
Phone
0496/385553Geraardsbergen
Scores and ratios are computed by Checked and are not a credit decision.