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CONSTRUCT

Open bankruptcy
Private limited companyfounded 2020Guyotdreef 27, 2930 Brasschaat, BelgiumKBO/BCE: BE 0750.859.182

A bankruptcy procedure is open for CONSTRUCT according to publications in the Belgian State Gazette; curator: CHRISTIAAN HENDRICKX.

Summary

The 2022 annual accounts show equity of €1.8m and a net result of €33,211.

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 Antwerp, Antwerp division
Declared bankrupt
18 January 2024
Official Gazette
24-01-2024 (pdf) ↗search the document for 2024/102420

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-07-2023, 24 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
24 d early
2021
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CONSTRUCT was incorporated on 21 July 2020 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2022.2 On 18 January 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022
  3. 3Belgian State Gazette, 24-01-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, abbreviated schema

Equity
€1.8m▲ 36.3%
2021 · €1.3m
Net result
€33,211▼ 96.5%
2021 · €953,557
Total assets
€2.6m▲ 1.4%
2021 · €2.5m
Solvency
68.5%▲ 17.6pp
2021 · 50.9%
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
Line20212022
Operating result€70,584-€45,264▼ 35.9%
Net result€953,557-€33,211▼ 96.5%
Equity€1.3m-€1.8m▲ 36.3%
Total assets€2.5m-€2.6m▲ 1.4%
Debt€1.2m-€812,636▼ 34.9%
Working capital-€503,170--€163,139▲ 67.6%
Solvency50.9%-68.5%▲ 17.6pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€250,000€500,000€750,000€1.0mOperating result 2021: €70,584€70,584Net result 2021: €953,557€953,557Operating result 2022: €45,264€45,264Net result 2022: €33,211€33,21120212022€0€250,000€500,000€750,000€1mOperating result 2021: €70,584€70,600Net result 2021: €953,557€954,000Operating result 2022: €45,264€45,300Net result 2022: €33,211€33,20020212022
The operating result falls in 2022; 2022 is 36% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.6m
Fixed assets €2.4m ▼ 2.5%
Current assets €184,209 ▲ 110%
Equity and liabilities €2.6m
Equity €1.8m ▲ 36.3%
Debt €812,636 ▼ 34.9%
Debt's share of the balance-sheet total falls from 49.1% to 31.5%. Equity is higher and debt is lower.
Key figures and ratios
2022 value · change against 2021
ROE
1.9%▼
2021 · 73.7%
ROA
1.3%▼
2021 · 37.5%
Debt ≤ 1 year
€347,348▼
2021 · €590,840
Debt > 1 year
€465,288▼
2021 · €634,300
Income taxes
€8,739▲
2021 · €951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 42 lines
Balance sheet Code20212022
Assets
Total assets20/58€2.5m€2.6m▲
Fixed assets21/28€2.5m€2.4m▼
Tangible fixed assets22/27€915€1,216▲
Furniture and vehicles24€915€1,216▲
Financial fixed assets28€2.5m€2.4m▼
Current assets29/58€87,670€184,209▲
Amounts receivable after more than one year29-€80,000
Other amounts receivable291-€80,000
Amounts receivable within one year40/41€1,865€1,520▼
Trade receivables40€1,865-
Other amounts receivable41-€1,520
Cash at bank and in hand54/58€84,998€99,825▲
Deferred charges and accrued income490/1€807€2,864▲
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.6m▲
Equity10/15€1.3m€1.8m▲
Contributions10/11€340,000€776,500▲
Profit (loss) carried forward14€953,557€986,768▲
Amounts payable17/49€1.2m€812,636▼
Amounts payable after more than one year17€634,300€465,288▼
Financial debts170/4€634,300€465,288▼
Amounts payable within one year42/48€590,840€347,348▼
Current portion of amounts payable after more than one year42€167,616€169,012▲
Trade debts44€1,718€926▼
Suppliers440/4€1,718€926▼
Taxes, remuneration and social security45€8,005€999▼
Taxes450/3€8,005€999▼
Other amounts payable47/48€413,501€176,412▼
Accrued charges and deferred income492/3€22,868-
Income statement Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€202€436▲
Other operating charges640/8€2,080€926▼
Gross operating margin9900€72,867€46,626▼
Operating profit (loss)9901€70,584€45,264▼
Financial income75/76B€950,244€15,757▼
Recurring financial income75€950,244€15,757▼
Financial charges65/66B€66,321€19,071▼
Recurring financial charges65€66,321€19,071▼
Profit (loss) for the period before taxes9903€954,508€41,950▼
Income taxes67/77€951€8,739▲
Profit (loss) for the period9904€953,557€33,211▼
Profit (loss) for the period to be appropriated9905€953,557€33,211▼
Appropriation of the result
Profit (loss) to be appropriated9906€953,557€986,768▲
Profit (loss) brought forward from the previous period14P-€953,557

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€202€436▲ 116%
Other operating charges640/8€2,080€926▼ 55.5%
Gross operating margin9900€72,867€46,626▼ 36.0%
Operating profit (loss)9901€70,584€45,264▼ 35.9%
Financial income75/76B€950,244€15,757▼ 98.3%
Recurring financial income75€950,244€15,757▼ 98.3%
Financial charges65/66B€66,321€19,071▼ 71.2%
Recurring financial charges65€66,321€19,071▼ 71.2%
Profit (loss) for the period before taxes9903€954,508€41,950▼ 95.6%
Income taxes67/77€951€8,739▲ 819%
Profit (loss) for the period9904€953,557€33,211▼ 96.5%
Profit (loss) for the period to be appropriated9905€953,557€33,211▼ 96.5%
Line20212022Change
Assets
Total assets20/58€2.5m€2.6m▲ 1.4%
Fixed assets21/28€2.5m€2.4m▼ 2.5%
Tangible fixed assets22/27€915€1,216▲ 32.8%
Furniture and vehicles24€915€1,216▲ 32.8%
Financial fixed assets28€2.5m€2.4m▼ 2.5%
Current assets29/58€87,670€184,209▲ 110%
Amounts receivable after more than one year29-€80,000-
Other amounts receivable291-€80,000-
Amounts receivable within one year40/41€1,865€1,520▼ 18.5%
Trade receivables40€1,865--
Other amounts receivable41-€1,520-
Cash at bank and in hand54/58€84,998€99,825▲ 17.4%
Deferred charges and accrued income490/1€807€2,864▲ 255%
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.6m▲ 1.4%
Equity10/15€1.3m€1.8m▲ 36.3%
Contributions10/11€340,000€776,500▲ 128%
Profit (loss) carried forward14€953,557€986,768▲ 3.5%
Amounts payable17/49€1.2m€812,636▼ 34.9%
Amounts payable after more than one year17€634,300€465,288▼ 26.6%
Financial debts170/4€634,300€465,288▼ 26.6%
Amounts payable within one year42/48€590,840€347,348▼ 41.2%
Current portion of amounts payable after more than one year42€167,616€169,012▲ 0.8%
Trade debts44€1,718€926▼ 46.1%
Suppliers440/4€1,718€926▼ 46.1%
Taxes, remuneration and social security45€8,005€999▼ 87.5%
Taxes450/3€8,005€999▼ 87.5%
Other amounts payable47/48€413,501€176,412▼ 57.3%
Accrued charges and deferred income492/3€22,868--
Line20212022Change
Profit (loss) for the period9904€953,557€33,211▼ 96.5%
+ Depreciation and write-downs630€202€436▲ 116%
Operating cash flow (approximation)€953,759€33,647▼ 96.5%
Investment in fixed assets (approximation)-€61,763-
Change in cash-€14,827-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2024
24-01
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 18-01-2024
2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
SignalNBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State 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 Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 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, Brasschaat · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1,750 m²
Building footprint
223 m²
Volume, LiDAR
1,898 m³
Parcel 11008G0184/00R000, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CONSTRUCT
Guyotdreef 27, 2930 BrasschaatRental and leasing activities
since 20202.305.806.004
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11008G0184/00R000 Flanders 1,750 m² 1 · 223 m² 13.2 m · 3 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 CHRISTIAAN HENDRICKX
CUYLITSSTRAAT 48, 2018 ANTWERPEN 1
18-01-2024 → present

Similar companies · same sector, comparable size

Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 11,289 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
Founded21-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95319Other maintenance and repair of motor vehicles
63920Other information service activities
77120Rental and leasing activities
95314Bodywork repair (including spraying and painting)

Scores and ratios are computed by Checked and are not a credit decision.