CONCRET CONSTRUCT
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 26 April 2022 · trustee Patrick Schruers · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Brussels
- Supervising judge
- Marc Geeraerts
- Official Gazette
- 03-05-2022search the document for 2022/115808
Deadlines
- Provisional date payments stopped
- 26 April 2022A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 18 May 2022That is fifteen 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 May 2022art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 1 June 2022Reclaim 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 26 April 2023A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Patrick SchruersLuchthavenlaan 27 Bus 38, 1800 Vilvoordepatrick.schruers@schruers-advocaten.be
Steps for a creditor
- 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.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
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.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 26-04-2022
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2019
- Gross margin
- €29,632
- ▲ 33.9%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €17,709
- ▲ 30.2%
- Equity
- €59,934
- ▲ 41.9%
- Total assets
- €79,660
- ▲ 8.9%
Financials
Financials · financial year 2019, micro format
2019 annual accounts filed 61 days after the deadline Filed on 30 September 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-58500417.
Annual accounts 2019 filed on 30-09-2020 PDF all 6 filings
Turnover
≈ €120,000
Estimated: probably between €72,000 and €210,000
Total assets
€79,660▲ 8.9%
2018 · €73,131
Net result
€17,709▲ 30.2%
2018 · €13,599
Working capital
€54,866▲ 31.6%
2018 · €41,677
Multi-year overview
2018 to 2019, 2 financial yearsOperating result
€23,482
▲ 38.0%
2019
20182019
Net result
€17,709
▲ 30.2%
2019
20182019
Equity
€59,934
▲ 41.9%
2019
20182019
Total assets
€79,660
▲ 8.9%
2019
20182019
Debt
€19,726
▼ 36.2%
2019
20182019
Working capital
€54,866
▲ 31.6%
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result€17,017-€23,482▲ 38.0%
Net result€13,599-€17,709▲ 30.2%
Equity€42,225-€59,934▲ 41.9%
Total assets€73,131-€79,660▲ 8.9%
Debt€30,905-€19,726▼ 36.2%
Working capital€41,677-€54,866▲ 31.6%
The operating result for 2019 is 38% higher than in 2018.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €79,660
Fixed assets
€5,068 ▼ 25.1%
Current assets
€74,592 ▲ 12.4%
Equity and liabilities €79,660
Equity
€59,934 ▲ 41.9%
Debt
€19,726 ▼ 36.2%
Debt's share of the balance-sheet total falls from 42.3% to 24.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,858▲
2018 · €20,979
Cash flow
€22,085▲
2018 · €17,560
Current ratio
3.78▲
2018 · 2.69
ROE
29.5%▼
2018 · 32.2%
ROA
22.2%▲
2018 · 18.6%
Debt ≤ 1 year
€19,726▼
2018 · €24,682
Income taxes
€5,085▲
2018 · €3,588
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,962 | €4,376 | ▲ 10.5% |
| Gross operating margin9900 | €22,131 | €29,632 | ▲ 33.9% |
| Operating profit (loss)9901 | €17,017 | €23,482 | ▲ 38.0% |
| Recurring financial income75 | €1,059 | €2,869 | ▲ 171% |
| Recurring financial charges65 | €890 | €3,557 | ▲ 300% |
| Profit (loss) for the period before taxes9903 | €17,186 | €22,794 | ▲ 32.6% |
| Income taxes67/77 | €3,588 | €5,085 | ▲ 41.7% |
| Profit (loss) for the period9904 | €13,599 | €17,709 | ▲ 30.2% |
| Profit (loss) for the period to be appropriated9905 | €13,599 | €17,709 | ▲ 30.2% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €73,131 | €79,660 | ▲ 8.9% |
| Fixed assets21/28 | €6,771 | €5,068 | ▼ 25.1% |
| Tangible fixed assets22/27 | €6,771 | €5,068 | ▼ 25.1% |
| Current assets29/58 | €66,359 | €74,592 | ▲ 12.4% |
| Amounts receivable within one year40/41 | €63,474 | €65,307 | ▲ 2.9% |
| Cash at bank and in hand54/58 | €2,885 | €9,285 | ▲ 222% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €73,131 | €79,660 | ▲ 8.9% |
| Equity10/15 | €42,225 | €59,934 | ▲ 41.9% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €34,165 | €51,874 | ▲ 51.8% |
| Amounts payable17/49 | €30,905 | €19,726 | ▼ 36.2% |
| Amounts payable after more than one year17 | €6,223 | - | - |
| Amounts payable within one year42/48 | €24,682 | €19,726 | ▼ 20.1% |
| Trade debts44 | €15,407 | €12,909 | ▼ 16.2% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €13,599 | €17,709 | ▲ 30.2% |
| + Depreciation and write-downs630 | €3,962 | €4,376 | ▲ 10.5% |
| Operating cash flow (approximation) | €17,560 | €22,085 | ▲ 25.8% |
| Investment in fixed assets (approximation) | - | -€2,673 | - |
| Change in cash | - | €6,400 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | micro format | 30-09-2020 | 2020-58500417 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67600242 | |
| 31-12-2017 | micro format | 23-10-2018 | 2018-70000244 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-65500261 | |
| 31-12-2015 | full format | 30-09-2016 | 2016-64300120 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-57400046 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Patrick Schruers Luchthavenlaan 27 Bus 38, 1800 Vilvoorde |
26-04-2022 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2022
03-05
Bankruptcy
Bankruptcy declared
Enterprise Court of Brussels · judgment of 26-04-2022
2020
30-09
micro format · 61 days late
2019
30-09
micro format · 61 days late
2018
23-10
micro format · 84 days late
2017
29-09
full format · 60 days late
2016
30-09
full format · 61 days late
2015
31-08
full format · 31 days late
2014
30-05
3 publications in the Belgian Official Gazette, the last on 12-04-2021
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
CONCRET CONSTRUCT is no longer in the KBO register.
- Status
- Inactive
- Reason
- Bankruptcy
- Last annual accounts
- financial year to 31 December 2019
- Last registered office
- Rue Theodore Verhaegen 196-202, 1060 Saint-Gillesas published on 12 April 2021
- Legal form
- Private limited company
- First annual accounts
- financial year 2014